Overview

Aurora holds mineral licenses for 91,500 hectares of land in Labrador, mainly in the Central Mineral Belt of Labrador. On this property, we have identified a significant uranium* resource in six deposits – Michelin, Jacques Lake, Rainbow, Inda, Nash and Gear. There is also a high probability that more uranium can be found in the existing deposits and in the licensed area.

The Michelin deposit is the cornerstone to any development decision. This may involve other associated deposits, collectively to be called the "Michelin Project", a mining and milling operation that would bring long-term benefits and opportunities to coastal Labrador communities, the Nunatsiavut Government and the Province of Newfoundland and Labrador.

The Project would be located on lands that fall under the jurisdiction of the Nunatsiavut Government. In April 2008, the Nunatsiavut Government imposed a three-year moratorium on uranium mining on part of these lands, to be reviewed after March 31, 2011. The moratorium was put in place to give the government time to develop environmental legislation and finalize its land use plan. In December 2011, the Nunatsiavut Government voted unanimously to lift the moratorium.

Aurora has been consulting regularly with the Nunatsiavut Government, Inuit Community Governments, and community members on our plans and activities in Labrador. Presuming an economically viable project can be determined, acceptance and support for a project depends on community members being satisfied that it can be carried out safely - that the people and the land will be protected for the project’s life and for the future.

The Michelin Project is described in the pages of this section. Please read on to learn more about how the Project came to be and how it may unfold in future.