Aurora holds mineral licenses for 946 square km of claims in the Central Mineral Belt of Labrador. Aurora has identified significant uranium resources in six deposits – Michelin, Jacques Lake, Rainbow, Inda, Nash and Gear (known as the Michelin Project). There is also a high probability that more uranium can be found in these deposits and in the licensed area.
The Michelin deposit is the cornerstone to any development decision. Aurora’s objectives for the Michelin Project are to expand its existing uranium resources in the region through a three year exploration program and to develop these resources through a long-life mining and milling operation, subject to economic viability and regulatory and community approvals. The Project is located on lands that fall under the jurisdiction of the Nunatsiavut and NL provincial governments. Both governments are currently supportive of uranium exploration in Labrador. Aurora has consulted regularly with local governments and residents on its plans and activities in Labrador.