PROJECT FINANCE

Aura's uranium development prospects boosted by Curzon's backing

London commodities firm getting offtake rights in return

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The $10 million gets London-based Curzon 15% of Tiris' planned production, with Aura able to participate in further offtake finance agreements.

Curzon has the right to provide another $10 million.

Tiris has life-of-mine capex of $90 million and planned annual production of 1 million pounds per annum.

It is currently anticipated to start production in calendar 2023.

All-in sustaining costs are put at $29.80 per pound of production.

Shares in Aura were up 14% to A25c in late trade capitalising the company at $100 million.

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