Aurora Energy Metals Limited (ASX:1AE) Reports Significant Recovery Improvements
Uranium Recovery Enhancements
Recent metallurgical testwork conducted by Aurora Energy Metals Limited (ASX: 1AE) has revealed notable improvements in uranium recovery rates for its Aurora Uranium Project (AUP). The tests demonstrated recovery rates exceeding 85% for specific clay and middling fractions through higher acid additions. Notably, recoveries reached 89% for clay samples using 51 kg/t acid and 89% for middlings with 133 kg/t acid consumption.
The testwork is part of the 2024 Scoping Study, which aims to optimise the recovery rate used previously. The results indicate significant potential for increasing overall recovery rates while keeping additional costs marginal. The next phase of work will focus on optimising acid levels and other reagents to enhance recovery further.
Future Outlook and Economic Implications
Aurora Energy Metals plans to release updated operating cost estimates and capital cost projections after concluding the optimisation processes. This will coincide with a revised Scoping Study reflecting the improved metallurgy outcomes.
Aurora Chairman Peter Lester remarked on the results, stating, “These results are a material improvement over the Scoping Study recoveries and demonstrate the upside potential of the Aurora Project.” He further noted that achieving recoveries in the mid-to-high 80% range provides a clear pathway to adjust consumption of consumables, which is anticipated to improve operating costs and enhance project economics significantly.
Aurora Energy Metals remains committed to advancing the AUP, which is identified as the largest mineable uranium deposit in southeast Oregon, USA. Significant exploration efforts continue in Western Australia, focusing on critical mineral resources essential for global energy needs.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.