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View Full Version : Aura Energy Update RCR confirms 5x upside recommendation


Sparty
07-29-2014, 07:10 AM
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:



Reguibat Project, Mauritania (AEE 100/70%): Exciting new calcrete uranium province. AEE resource 49mlbs at 0.033% U₃O₈ 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 <US$40/lb; 15 year LOM producing 10.7mlbs U₃O₈ 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 U₃O₈ (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 (http://www.rcresearch.com.au/fdl?i=1293&utm_source=company-update&utm_medium=email&utm_campaign=20140728_aee)

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

Sparty
02-16-2022, 01:14 AM
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: (https://auraenergy.us1.list-manage.com/track/click?u=c7f9804eeadce5d4bf0fb0e67&id=12b0c9cd10&e=db5bfa26f1)

Sparty
09-06-2023, 01:29 AM
Aura Energy Limited ACN 115 927 681
Level 30, 35 Collins Street, Melbourne VIC, 3000
ASX RELEASE 5 September 2023 (https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02708022-3A625474?access_token=83ff96335c2d45a094df02a206a3 9ff4)

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.

Sparty
02-26-2024, 12:50 AM
Swedish Government initiates enquiry to overturn uranium mining ban (https://investi.com.au/api/announcements/aee/75f33dbf-9e1.pdf)

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/announcements/aee/75f33dbf-9e1.pdf