Ann: Tiris Uranium Project Exploitation License Granted, page-33

An interesting facet of Tiris is that Peter was looking at adding a V recovery circuit to 'value add' to the uranium fundamentals here.

"The potential for vanadium recovery at the Tiris Uranium Project is an exciting initiative which highlights the ongoing culture of innovation and strong science within AuraEnergy and its team. This has the potential to influence Tiris production costs strongly"..........

https://www.asx.com.au/asxpdf/20181017/pdf/43zbm4n57n65fv.pdf

We might end up with a vanadium credit along with the uranium.......concentrations in ore at Tiris for both U and V are comparable so we might be lucky to see a healthy lowering of the already low $19.40 per lb uranium opex estimate (should a vanadium ion exchange and purification circuit prove economically and technically viable of course).

"Further studies and test work, including capital and operating estimates,are required to fully investigate the economic viability of adding a vanadium ion exchange and purification circuit to the Tiris Project. The changes, however, would be considered only marginal additions to the existing design of the uranium recovery circuit".............so every chance that it could prove economic perhaps.

Being a uranium play first and foremost with V credits is an idea I like...............