Key Investment Highlights:
- Tiris is an advanced low operating and capital cost uranium project due to the at-surface calcrete resource that does not need expensive drill and blast. A friable and easy to beneficiate ore requires a scaled down process plant with a globally competitive cost position
- AEE can catch the expected strengthening of uranium market cycle. Simple mining and processing along with key permits already received could see first production by early 2024
- The Tiris project could be expanded from 0.8m lb pa output to 2.3 m lb or up to 3.0 m lb pa U3O8. AEE is undertaking drilling in the JunH2022 to upgrade resources to add to enable a scaled-up project
