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Aura Energy to have one of world's largest, lowest cost uranium mines

May 29th, 2012

Today’s announcement by Aura Energy has been summarized by and I will reproduce their opening statement:

“AURA Energy is looking for a partner to develop what may emerge as one of the world’s largest and lowest cost uranium mines at its Häggån project in Sweden following a revised and independent scoping study.”

In essence AEE has one of the world’s largest uranium resources in Sweden a mining friendly, low sovereign risk country. And at the moment with a market cap of ~$22m it is a bargain. The recent sales of uranium projects, with viable resources have been around $8 – $10 per pound. AEE’s Haggan project is viable, the mineralology and processing flow sheet has been defined and consequently AEE is absurdly under-priced.

Aura Appoints Corporate Advisory Firm

May 11th, 2012

Aura Appoints Corporate Advisory Firm

  • Leading independent Australian investment house Gresham Advisory Partners
    appointed as corporate advisers
  • Mandate to focus on identifying appropriate opportunities for the Häggån project

Aura Energy (Aura, ASX: AEE) has appointed leading independent Australian investment and advisory
house Gresham Advisory Partners Limited (Gresham) as a corporate advisor to the company.
The recent release of Scoping Study outcomes for the Häggån Project in Sweden has led to an increase in
expressions of interest in the Project from a number of significant participants in the uranium sector.
In light of these developments the company has decided it prudent to enlist the support of a leading
independent corporate advisory firm to assist in the consideration of opportunities to maximise
shareholder value.

Gresham has extensive experience in and an understanding of the uranium sector locally and
internationally. Its mandate extends to review a number of alternative development and funding
strategies for Häggån.

Under the terms of the appointment, Gresham is to be granted 1,000,000, three-year unlisted options
over new shares in Aura at a strike price of $0.20.

The company will advise the market of relevant developments in relation to the funding of Häggån in due
course. In the meantime, Aura remains focused on advancing its suite of uranium assets in Sweden,
Mauritania and Australia. Ends

As I have been predicting it seems that Australia may well lose one of the world’s largest uranium deposits and even at 20c per share it will still be one of the world’s cheapest in terms of EV/Resource.

World's cheapest uranium play in play