July 20th, 2011
I have grave fears for Australia’s on-shore uranium miners… especially the emerging ones, as I think that our brand new green senate will kick the sh*t out of any new mines…..
Today’s article in the ABNNewswire will be the first to prove or disprove my viewpoint….
Toro Energy Limited (ASX:TOE) Wiluna Uranium Project Enters Public Review Phase of Approval
Perth, July 20, 2011 (ABN Newswire) – Toro Energy Limited’s (ASX:TOE) (PINK:TOEYF) advanced Wiluna uranium project in Western Australia is to enter the public exhibition phase of government assessment from next Monday, 25 July, 2011.
It will be the first of Western Australia’s modern era uranium projects to reach this important milestone.
On Monday, Toro will release its Environmental Review and Management Programme (ERMP – elsewhere in Australia known as an Environmental Impact Statement) and associated documentation for Wiluna, including a range of environmental management strategies and detailed technical study reports.
The documentation will be on public exhibition for 14 weeks. It covers all information required for the Western Australian and Federal Governments to make their assessment of the project, as outlined in the previous government approved Environmental Scoping Document from July last year.
I used to hold TOE but got scared.
July 19th, 2011
The Namibian government has confirmed that existing mining licence applications and existing exclusive prospecting licences will be unaffected by proposed changes to the Namibian Minerals Policy.
July 16th, 2011
Over the last few weeks we seem to have seen a change in sentiment re the Australian Uranium Share Index as outlined in the posts below…
The picture is becoming clearer….
The image below shows the marketclub analysis of multiple uranium plays…. Note that two Australian plays have been given a bullish +90 score.
July 14th, 2011
First uranium resource in Mauritania – 50 million pounds
Initial resource of 50 Mlbs of uranium at an average grade of 330ppm U3O8 compliant with the JORC code
Reguibat project contains one of the world’s larger calcrete uranium resources – confirming emerging uranium province
Continuous higher grade zones at or close to surface within resource areas
Potential for substantial increase to resource
Resource estimate independently prepared by Coffey Mining Ltd
Aura continues to deliver on strategy and on time
Aura Energy (AEE) is a uranium explorer with advanced projects in Sweden, West Africa and Australia. The company 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.
The company aims to create shareholder value by rapidly establishing resources and then completing feasibility studies on these two projects. Aura Energy is headquartered in Melbourne, Australia and has been listed on the ASX since May 2006.
I hold AEE and as previously discussed I think it is one of the safer ASX listed uranium plays as it is free from the Australian sovereign risk issues with our new senate.
July 12th, 2011
Nice to see a second week of rises in the Australian Uranium Share Index…..
July 6th, 2011
The image below shows the Australian Uranium Share Index updated to the 4th/July/2011. You can see the kick up over the last week.
July 1st, 2011
Aura Energy Ltd has received the final assays for its major resource drilling programme in Mauritania.
• Encouraging results continue to confirm extensive nature of the calcrete uranium mineralisation within the Reguibat Project
• Excellent high grade intercepts received (drill hole locations Table 1), include:
• 10ASACI143: 4.5m @ 1076 ppm U3O8
• 10ASACW119: 6.0m @ 1356ppm U3O8
• 10ASACJ048: 3.0m @ 1303 ppm U3O8
• 10FEACA142: 4.0m @ 1409ppm U3O8
• Mineralisation starts at or close to the surface
Read previous posts re AEE on Australian-Shares.com
ASX: AEE Cheapest Uranium in the world?