The Tiris Uranium Project is based on a major greenfields uranium discovery in Mauritania, with
49 Mlb U3O8 in current resources from 66 million tonnes @ 334 ppm U3O8. The project has several natural attributes which result in low capital and operating costs. These attributes are:
The conceptual 1 Mtpa mine and plant project described in the Scoping Study was designed to take full advantage of these unusual characteristics, whilst providing a low capital cost and rapid project development and construction. Significantly, a water study by Golders has indicated that potential sources of water in the immediate vicinity will satisfy the demands of the project.
The Study, which indicates 11 million pounds of uranium will be produced over an initial mine life of 15 years, only utilises 20% of the known Global Mineral Resource resulted in the following outputs: