Aura is fortunate to have two attractive, 100% owned, development stage assets with resources totalling 852 million pounds of uranium which positions Aura to be a major producer in the years ahead. The near term project, the Tiris Uranium Project in Mauritania, is currently in the Feasibility Study stage and is a low capital expenditure project that can be brought on stream in a couple of years to provide near term cash flow to the company. The second asset, the Häggån Uranium Project, is a world class, strategic European uranium deposit located in Sweden with the potential to be a major supplier to northern European nuclear reactors.
Both projects have very low operating costs and exceptionally capital efficient development cost requirements stemming from innovative science and design. Aura is in this fortunate position because of the experience and technical strength of the management and operating team the Company has assembled.