First uranium resource in Mauritania – 50 million pounds
HIGHLIGHTS
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.
