Aura Energy Update RCR confirms 5x upside recommendation
Summary:
Scoping Study confirms viability of Reguibat at the contract uranium price: capex US$45m, opex US$30/lb. The market appears to have overlooked Reguibat as a rapidly emerging and economically viable uranium project with high beneficiation grade (0.25% U₃O₈), large resource (49mlbs U₃O₈), easy mining and expected streamlined permitting - trading at a large discount to peers. AEE 12 month target price $0.15/share. Longer term, the large Haggan project represents a free option. Investment points:
Note at this price Haggan is a free carry.... not bad for the world's second/third largest undeveloped uranium resource |
Aura Defines Vanadium JORC Resource at the Tiris Uranium Project, Mauritania
KEY POINTS:
• JORC Resource of 18.4 million pounds V2O5 defined within Aura’s low capex, low operating cost Tiris Uranium Project in Mauritania. • 34% classified as Measured/Indicated Resource. • The vanadium is contained within the mineral carnotite which also contains the uranium at Tiris. • Metallurgical testwork indicates that the vanadium can be readily extracted at low additional cost. • Production of a vanadium product stream is likely to significantly lower the effective cost per lb of U3O8. Read the full ASX report: |
AEE's Haggan Scoping Study +ve
Aura Energy Limited ACN 115 927 681
Level 30, 35 Collins Street, Melbourne VIC, 3000 ASX RELEASE 5 September 2023 Häggån Scoping Study Confirms the Scale and Optionality of Aura’s Critical Minerals Project in Sweden Vanadium, potash, nickel, molybdenum, zinc and uranium among a diversified suite of future- facing commodities in a Swedish location positive in light of leadership in the European resource industry o 65MT Scoping Study covers less than 3% of Haggan’s known 2.0Bn tonne Mineral Resource Estimate. |
Sweden enquiry to overturn Uranium mining ban?
Swedish Government initiates enquiry to overturn uranium mining ban
KEY POINTS: • The Swedish Government have announced an inquiry into the ban on mining uranium • The inquiry will conclude on 15 May 2024 at which point, the Government can proceed to lift the ban on uranium mining • The Häggån Project contains Uranium Mineral Resources of approximately 800 M lbs of U3O8 • Uranium has the potential to increase the Häggån Project NPV by 37% and adds 14% to revenue1 from current scoping study NPV range of US$ 456 million to US$ 1307 million • Häggån can assist Sweden with their aims of becoming climate-neutral and energy independent • Aura strongly supports the Swedish Government to allow safe and environmentally responsible extraction of Uranium in Sweden https://investi.com.au/api/announcem...f33dbf-9e1.pdf |
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