H\u00c4GG\u00c5N – A GLOBALLY SIGNIFICANT AND STRATEGIC URANIUM DEPOSIT
\nREGUIBAT HAS THE POTENTIAL TO EMERGE AS AN EARLY CASHFLOW PROJECT
\nLOW COST PROJECTS ARE THE ONLY VIABLE OPTION FOR THE CURRENT URANIUM MARKET
\nFollowing the recent Board changes Aura Energy Ltd (ASX: AEE) has reviewed the company strategy with a key focus on improving the recognition and value of its globally significant uranium projects, and creating steps to shorten the development timeframe for these projects.<\/p>\n
Under the direction of Managing Director Bob Beeson and his geological team, outstanding success has been achieved with the discovery of both the H\u00e4gg\u00e5n and Reguibat uranium projects. Today H\u00e4gg\u00e5n is ranked as the second largest undeveloped uranium deposit in the world.<\/p>\n
Faced with the challenge of H\u00e4gg\u00e5n\u2019s lower than average grade, Aura\u2019s metallurgical consultants \u2013 lead by Director Jules Perkins, previously Chairman of the Parker Cooperative Research Centre for Hydrometallurgy – has managed to successfully create a key processing breakthrough for the deposit in the form of bioleaching. The significance of this breakthrough and the fact that it potentially positions H\u00e4gg\u00e5n at, or close, to the bottom of the uranium cost curve, cannot be underestimated.<\/p>\n
H\u00e4gg\u00e5n\u2019s C1 cash cost is estimated at *$13.50 per pound U3O8.<\/strong><\/p>\n The Aura Board maintains that the H\u00e4gg\u00e5n project is an extremely robust project and largely immune to the current low uranium price. This makes the large H\u00e4gg\u00e5n uranium resource a unique deposit of long term strategic importance to Sweden and the European Union.<\/p>\n It is the intention of Aura Energy\u2019s Management and Board to work assiduously over the comingThe Strategic Review concluded that the bioleach testwork for H\u00e4gg\u00e5n is sufficient for the current level of study to confirm the exceptionally low Scoping Study operating cost. Bioleaching is the most efficient process for the deposit, and the leaching operating cost is the most important element of the H\u00e4gg\u00e5n cost structure. As such this work has provided the Aura Board with a strong degree of confidence in the overall Scoping Study C1 cash cost.<\/p>\n In the current uranium market the Aura Board believes the only viable strategy for the development of uranium projects is to focus on those projects with the lowest operating cost. (H\u00e4gg\u00e5n\u2019s C1 cash cost is estimated at *$13.50 per pound U3O8.)<\/strong><\/p>\n The uranium sector has a range of projects which at this stage appear viable only at significantly higher uranium prices. The Scoping Study conclusions suggest that H\u00e4gg\u00e5n as such is unique as the combination of its large size and low operating costs, strengthening its claim for development.<\/p>\n Aura’s key strengths:<\/p>\n \uf0b7 H\u00e4gg\u00e5n as the second largest undeveloped uranium deposit in the world<\/strong>, and<\/p>\n \uf0b7 H\u00e4gg\u00e5n\u2019s low operating cost positioning Aura as potentially the world\u2019s lowest cost uranium producer<\/strong>.<\/p>\n The other key points from the strategic discussions were; H\u00c4GG\u00c5N – A GLOBALLY SIGNIFICANT AND STRATEGIC URANIUM DEPOSIT REGUIBAT HAS THE POTENTIAL TO EMERGE AS AN EARLY CASHFLOW PROJECT LOW COST PROJECTS ARE THE ONLY VIABLE OPTION FOR THE CURRENT URANIUM MARKET Following the recent Board changes Aura Energy Ltd (ASX: AEE) has reviewed the company strategy with a key focus on improving the … Continue reading “Aura ASX: AEE H\u00e4gg\u00e5n\u2019s C1 cash cost is estimated at *$13.50 per pound U3O8.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-792","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/comments?post=792"}],"version-history":[{"count":0,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/792\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/media?parent=792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/categories?post=792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/tags?post=792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\uf0b7 The Board reaffirmed the significance of the H\u00e4gg\u00e5n Project in terms of it potentially being one of the highest margin projects in the world. The H\u00e4gg\u00e5n Project remains Aura\u2019s top priority.
\n\uf0b7 An opportunity exists for Reguibat to produce early technical and development results and hence early cash flow, dependent on funding. The management team will pursue opportunities to evaluate these options.
\n\uf0b7 The Board recognises that the strong attributes of Aura, particularly H\u00e4gg\u00e5n, are not recognised broadly in both the equity market generally, particularly offshore, or with large corporates in the energy sector.
\n\uf0b7 Aura is developing a programme to correct the company\u2019s perceived lack of market and corporate awareness.
\n\uf0b7 The nature of the H\u00e4gg\u00e5n Project – large resource, flat-lying, low strip ratio, bio heap leach processing, creates options for development at a number of scales. The management team will review the project scale with an initial concept of 3-5 million tonnes per annum to assess the potential benefits of this lower capital cost approach for early development.
\n\uf0b7 Sweden is a mining friendly country which derives 50% of its electricity from nuclear power. However, H\u00e4gg\u00e5n\u2019s significance is not widely recognised within Sweden and this will be corrected with additional in-country work. More dedicated work in the local community will also be undertaken.
\n\uf0b7 Reguibat is flat-lying resource at surface, with the potential for beneficiation upgrading; different scale start-ups will be considered to examine early development options.
\n\uf0b7 In all projects significant exploration upside exists, providing scope for ongoing resource expansion and\/or discovery success<\/p>\n","protected":false},"excerpt":{"rendered":"