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  #1  
Old 07-29-2014, 07:10 AM
Sparty Sparty is offline
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Default 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% U
O), large resource (49mlbs UO), 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:


  • Reguibat Project, Mauritania (AEE 100/70%): Exciting new calcrete uranium province. AEE resource 49mlbs at 0.033% UO at or near surface. Exploration Target indicates potential for global resource to exceed 100mlbs.

  • Reguibat Scoping Study (July '14) confirms economic viability with project breakeven NPV uranium price O from shallow open pits. Feasibility Study possible 2H15; production potential 1H17.

  • Reguibat Project - RCR after tax NPV₁₀ A$71m ($0.27/share or US$1.28/lb resource; assuming uranium price US$60/lb, AUD/USD 0.90). AEE is trading at a steep discount to ISR peers with similar project economics: less than US$0.20/lb resource for AEE Vs ~US$1.50/lb (AEK, PEN).

  • Highly amenable to beneficiation - a defining and distinctive element of the Reguibat Project: Initial testwork indicates 5-9X grade uplift achievable. This could see the 66mt resource concentrated to around 15mt at +2500ppm UO (0.25%).

  • Haggan Project (Sweden) is a world class uranium project, large capacity, long life, easy to mine, in a stable mining friendly jurisdiction, proximal key infrastructure, staged low capital development, and low opex in the bottom 2 quartiles of the WNA 2010 cost curve. The project represents a long term value driver for AEE.

  • Sweden and Mauritania are pro uranium jurisdictions with strong mining sectors. Global miners active in Mauritania include Glencore (building the US$900m Askaf North iron ore project), Kinross (Tasiast), and First Quantum (Guelb Moghrein).

  • AEE equity funding facility for $3.8m in place through 1Q16.

  • We (RCR) expect AEE to be rerated as key technical and permitting milestones at Reguibat are achieved: 12 month target price $0.14/share (mkt cap $28m).

  • The uranium price is US$28.50/lb (spot); US$44.50/lb (contract). Challenging market conditions are expected to persist short to mid-term, though a rebound is anticipated as Japanese reactors start to come back online, possibly 2H14. Positive fundamentals are expected to drive the incentive price >US$60/lb later this decade.
Get the full RCR report here

Note at this price Haggan is a free carry.... not bad for the world's second/third largest undeveloped uranium resource

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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  #2  
Old 02-16-2022, 01:14 AM
Sparty Sparty is offline
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Default 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:

 

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  #3  
Old 09-06-2023, 01:29 AM
Sparty Sparty is offline
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Default 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.

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

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  #4  
Old 02-26-2024, 12:50 AM
Sparty Sparty is offline
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Default 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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