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Main ForumAEE's Häggån Project now the second largest undeveloped uranium resources in the world

  • HIGHLIGHTS

    • Aura holds 853 Mlbs of uranium in inferred resources at its two main projects, Häggån (Sweden) and Reguibat (Mauritania) Häggån Project, Sweden
    • The company has completed the first phase of its strategic review of funding and development options.
    • Initial Exclusivity Agreement signed with potential strategic partner in August 2012
    • Second, superior offer received in October
    • New 3 month Exclusivity Agreement now in place
    • Häggån inferred resource expanded to 803 million pounds U3O8 at a grade of 160ppm
    • Häggån Project now the second largest undeveloped uranium resources in the world
    • Additional exploration target* of 440 to 840 million pounds U3O8 defined, demonstrating potential for significant additional resource increases
    • Work continues on pre-feasibility study planning Mauritania, West Africa
    • Removal of coarse material of Reguibat mineralisation increases grade of the product by a factor of three to 1,068ppm U3O8
    • Opportunity for significantly reducing material volume and increasing uranium grade, which may lead to reduced capital and operating costs



    More to come: With additional drilling, the resource base may increase by almost 100%. This potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource.

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    In terms of AEE in terms EV/Resource AEE now has Australia's cheapest uranium.

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