Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

TORO about to run the GREEN bulls

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.

Good Reason to own EXTRACT

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.

Aura Energy (ASX: AEE) Mauritania Initial resource of 50 Mlbs of uranium

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.

AURA ENERGY (ASX: AEE) up 26% on results

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

ASX: AEE Cheapest Uranium in the world?