Menu

Australian Shares is the world's biggest free online database of information on Australian resource companies.

Time to Update your company profile
Australian Shares

AURA ENERGY LIMITED

ASX: AEE

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Aura Energy is an Australian based uranium company that has advanced projects with large resources close to the surface in Europe and Africa. Aura holds a total of 860 million pounds (389,000 tonnes) uranium in inferred resources. Its two main projects include: the Häggån Project located in Sweden’s Alum Shale Province, one of the largest depositories of uranium in the world; and the highly prospective Reguibat Province in Mauritania.

Aura is focusing on two main projects: the Häggån Project, located in Sweden’s Alum Shale Province, one of the largest depositories of uranium in the world; and the highly prospective Reguibat Province in Mauritania.

Häggån Project, Sweden

Ownership: 100% Aura
Location: Storsjön District in Sweden
Coverage Area: 110 km2
JORC Compliant Inferred Resource: 800 million pounds U3O8
Grade: Average grade of 162 ppm U3O8 plus credits from co-products: molybdenum, vanadium, nickel and zinc

In August 2012, independent resource consultants Hellman & Schofield Pty Ltd established an upgrade to the JORC inferred resource at Häggån from 630 to 800 million pounds of uranium at 100ppm cut-off, with significant potential for further increases to the resource.
Aura conducted a review of its 2012 Häggån Scoping Study completed by independent consultants RMDSTEM Limited in late 2013 using smaller options than the original 30 million tonnes per annum used. Results demonstrated robust project financials with derived cash costs in the lower half of the uranium sector curve and confirmed the Häggån project has excellent potential to become a major, low cost producer of uranium, with by-products including nickel and other metals. View more information on the scoping study here.

Click here to view the bacterial heap leaching process

Kallsedet Project, Sweden

Ownership: 100% Aura
Location: near Kallsedet, Sweden, close to the Norwegian border
Coverage Area: 147 km2
Assay Test Results: Average of 100 to 233 ppm U3O8
Status: Drilling programme to test Alum Shale at depth is planned for early 2011

Reguibat Craton Project, Mauritania

Ownership: Aura currently holds ten granted exploration permits: five permits are 100% Aura, three permits in joint venture with GCM Resources where Aura is earning a minimum of 61% to 64% by sole funding exploration and evaluation and two permits in joint venture with Ghazal Minerals Limited where Aura is earning 70%
Location: Reguibat Craton in Northern Mauritania
Area held: approximately 4800 km2
Exploration Target: 40 to 60 million pounds of U3O8
Assay Test Results: Average grade of 300 to 450 ppm U3O8
In July 2011, Aura established its first high-grade JORC inferred resource for the Reguibat project of 49 million pounds at 334 ppm uranium, based on a cut-off grade of 100 ppm uranium. Results confirmed the extensive nature of the calcrete uranium mineralisation and the presence of one of the world’s larger calcrete uranium resources in this emerging uranium province.

Drilling in 2012 confirmed major extensions to calcrete uranium mineralisation well beyond the boundaries of current resource limits. Strong and thick mineralisation was located in areas with only minor radiometric response and uranium mineralisation was also confirmed on both sides of a +2.5 kilometre-wide sand-dune, indicating excellent potential for extensive mineralisation beneath the dune. There are many more areas also to be tested.

The uranium found at Reguibat occurs as carnotite-type calcrete mineralisation within unconsolidated coarser gravels and sands. Benefication tests have indicated that 89% of the mineralisation could be rejected to waste while retaining 86% of the uranium, representing an upgrade factor of seven to 2,476ppm uranium. Preliminary leach testwork completed in late 2013 achieved 94% uranium extraction in four hours.

Fai Project, Mauritania

Ownership: Aura is earning a minimum of 58% in the joint venture with GCM Resources
Location: Mauritanide Fold Belt in Central Mauritania
Coverage Area: 2900 km2
Assay Test Results: 140 ppm U3O8 in near surface gravels associated with very strong airborne radiometric anomalies
Status: Drill programme planned for second half of 2010

Tim Mersoi Basin Applications, Niger

Ownership: 100% Aura
Location: Northwest Niger
Coverage Area: 1500 km2
Status: Permit applications lodged and awaiting grants

Wondinong Project, Western Australia

Ownership: 100% Aura
Location: Eastern shore of Lake Austin near Mount Magnet in Western Australia
Coverage Area: 51.5 km2
Assay Test Results: JORC compliant inferred resource of seven million pounds of U3O8 at 100 ppm cut-off grade
Status: 72 hole drill programme permitted

Gunbarrel Project, Western Australia

Ownership: 100% Aura
Location: Yilgarn Craton in the far east of Western Australia
Coverage Area: 3287.7 km2
Assay Test Results: 85 to 147 ppm U3O8 from chemical analysis
Status: Seeking potential partners to begin a drilling programme

Porcupine Well Project, Western Australia

Ownership: 100% Aura
Location: South East of Wiluna, WA
Coverage Area: 52.5 km2
Assay Test Results: Samples below 1.5 metres contain values above 67 ppm U308
Status: Drilled 40 air core holes. Holes will be sampled and radiometrically logged with results Pending.

Mine For

uranium, molybdenum, vanadium, nickel, zinc

Location of operation(s)

Sweden, Mauritania, Niger, Western Australia

Address

Suite 3, level 1, 19-23 Prospect St
Box Hills, Vic, 3132, AUSTRALIA

Phone

(03) 9890 1744

Email

Website


Last Updated

14/07/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

Spacious and Lovely Gold Coast Holiday House