Aura Energy Limited (ASX: AEE) has announced the submission of new tenement applications for its Tiris Project. The company has applied for three new tenements, covering an area of approximately 1,000 square kilometers. These applications are part of Aura Energy's ongoing efforts to expand its exploration and development activities in the Tiris region.
According to the announcement, the new tenements are strategically located adjacent to the existing Tiris Project area. This expansion will allow Aura Energy to further explore and potentially develop additional uranium and phosphate resources in the region. The company believes that the Tiris Project has significant potential and is committed to maximizing the value of its assets in the area.
In the announcement, Aura Energy highlights the favorable geological conditions in the Tiris region, which make it a promising area for uranium and phosphate exploration. The company also mentions that it has already identified several high-priority targets within the existing Tiris Project area, and the new tenements will provide additional opportunities for resource expansion.
Peter Reeve, the Executive Chairman of Aura Energy, expressed his optimism about the new tenement applications, stating, "We are excited to have submitted these tenement applications, which represent a significant step forward in our strategy to expand our footprint in the Tiris region. We believe that the Tiris Project has the potential to become a world-class uranium and phosphate operation, and these new tenements will allow us to further unlock the value of this asset."
Overall, Aura Energy Limited's submission of new tenement applications for its Tiris Project demonstrates the company's commitment to expanding its exploration and development activities in the region. With the favorable geological conditions and the identification of high-priority targets, Aura Energy aims to maximize the value of its assets and potentially establish a world-class uranium and phosphate operation in the Tiris region.