Aura Energy Share Discussion Threads

[newtoaim] 10/8/2020 14:28

Dnt be spiked

[tomboyb] 10/8/2020 14:07

Aura Energy Limited Update on gold funding transaction 10/08/2020 2:00pm UK Regulatory (RNS & others) Aura Energy (LSE:AURA) Intraday Stock Chart Monday 10 August 2020 Click Here for more Aura Energy Charts. TIDMAURA RNS Number : 6828V Aura Energy Limited 10 August 2020 10 August 2020 AURA ENERGY LIMITED ("Aura" or the "Company") Update on gold funding transaction Aura Energy Limited (AEE:ASX, AURA: AIM) is pleased to advise that it has moved to the final documentation stage of the C$4.5 million (A$4.8 million) gold funding deal it signed recently. Aura's Tasiast South tenements over 435 km(2) are in a highly prospective area lying on two lightly explored mineralised greenstone belts in Mauritania. The areas lie along strike from Kinross' giant +20 Moz Tasiast Gold Mine, where Kinross has recently announced that it will expand gold production to 530,000 ounces per year. As part of the initial termsheet the creation of a joint venture vehicle (PubCo) was required and was to be sponsored by TSX-listed Chilean Metals. Further to the announcement of 7 July 2020 and in order to improve timing and simplify regulatory requirements, the transaction will now be executed directly between Aura and PubCo, now named Achean Gold Inc. The transaction, which is subject to due diligence, remains the same in all aspects as outlined in the 7 July 2020 announcement and will see Aura progressively vend its Mauritanian gold and base metal licences into Achean Gold Inc. Achean Gold will receive the four scheduled payments totalling C$4.5 million before October 2021 and following which Aura Energy will own 50% of Achean Gold. Given the non-binding nature of this agreement, there can be no assurance at this stage that the transaction will proceed. [1] +20 M.ozs refers Tasiast's gold "endowment", i.e. current reserves + resources (9.8 M.0z - refer Kinross 2019 Annual Report) plus gold previously mined. In confirmation Kinross's published Tasiast resource at December 2011 was 20.5 million ounces at 1.2 g/t gold based on cut-off grades of 0.6 g/t gold for CIL ore, 0.25 g/t Au for heap leach ore and 0.1 g/t Au for dump leach ore. For further information please contact:

[tomboyb] 10/8/2020 14:06

Aura Energy Limited Update on gold funding transaction 10/08/2020 2:00pm UK Regulatory (RNS & others) Aura Energy (LSE:AURA) Intraday Stock Chart Monday 10 August 2020 Click Here for more Aura Energy Charts. TIDMAURA RNS Number : 6828V Aura Energy Limited 10 August 2020 10 August 2020 AURA ENERGY LIMITED ("Aura" or the "Company") Update on gold funding transaction Aura Energy Limited (AEE:ASX, AURA: AIM) is pleased to advise that it has moved to the final documentation stage of the C$4.5 million (A$4.8 million) gold funding deal it signed recently. Aura's Tasiast South tenements over 435 km(2) are in a highly prospective area lying on two lightly explored mineralised greenstone belts in Mauritania. The areas lie along strike from Kinross' giant +20 Moz Tasiast Gold Mine, where Kinross has recently announced that it will expand gold production to 530,000 ounces per year. As part of the initial termsheet the creation of a joint venture vehicle (PubCo) was required and was to be sponsored by TSX-listed Chilean Metals. Further to the announcement of 7 July 2020 and in order to improve timing and simplify regulatory requirements, the transaction will now be executed directly between Aura and PubCo, now named Achean Gold Inc. The transaction, which is subject to due diligence, remains the same in all aspects as outlined in the 7 July 2020 announcement and will see Aura progressively vend its Mauritanian gold and base metal licences into Achean Gold Inc. Achean Gold will receive the four scheduled payments totalling C$4.5 million before October 2021 and following which Aura Energy will own 50% of Achean Gold. Given the non-binding nature of this agreement, there can be no assurance at this stage that the transaction will proceed. [1] +20 M.ozs refers Tasiast's gold "endowment", i.e. current reserves + resources (9.8 M.0z - refer Kinross 2019 Annual Report) plus gold previously mined. In confirmation Kinross's published Tasiast resource at December 2011 was 20.5 million ounces at 1.2 g/t gold based on cut-off grades of 0.6 g/t gold for CIL ore, 0.25 g/t Au for heap leach ore and 0.1 g/t Au for dump leach ore. For further information please contact:

[richie32] 28/7/2020 12:54

...yeah, but why? I know we've had good news but what changed today?

[tomboyb] 28/7/2020 11:48

bit perky today -

[tomboyb] 08/7/2020 08:30

Up 35% - Someone like's em -

[danmart2] 07/7/2020 16:41

Wasn’t able to get any at 0.35 - should have gone in at 0.36.

[danmart2] 07/7/2020 14:25

0.35 bid price seems like very good value if you can actually pick them up at that price, company certainly back on the up.

[tomboyb] 07/7/2020 12:30

0.40p on offer now -

[tomboyb] 07/7/2020 10:17

Already hold ENGI -

[intheknow69] 07/7/2020 10:13

Bank those profits into ENGI. Angus Forest ploughing £150k into this because he clearly knows what’s coming.

[tomboyb] 07/7/2020 09:49

I have a free holding here now at negligible cost after profits - If the equity structure had been sorted this would probably be 1p+ -

[tomboyb] 07/7/2020 08:56

Aura Energy Executive Chairman Mr Peter Reeve said "Aura has maintained an exceptionally strong belief in these extremely under-explored greenstone belts given the high-quality preliminary gold and base metal exploration results achieved. This substantial funding package from a group of seasoned resource investors/developers will help reveal their true potential. With the Tasiast Gold Mine (+400,000 ozs pa) on the same belt just north of our project, the potential for multi-million-ounce discoveries is, in the eyes of our technical people, very conceivable". "The excellent base metal indications also revealed on these properties, particularly nickel and high-grade cobalt, also highlights the broader potential of these properties on a similar basis as the Kalgoorlie region in Western Australia where significant gold and base metal discoveries have been made in similar Archean Greenstone settings. "Aura is very pleased that Chilean Metals has recognised the attributes of this geological belt and welcomes Chilean into this project. Chilean's understanding of what it takes to enable mineral discovery and their connection to important gold investment sources will be important ingredients in this transaction. The current global economic environment is driving the gold price and provides the perfect environment for a separate vehicle to hold these strongly undervalued assets".

[the deacon] 07/7/2020 08:51

This news isn't even worth a 50% mark up on today's opening market cap.

[tomboyb] 07/7/2020 08:45

Hit my target of around 0.5p - Sold a few and retain most - This is excellent news and will add to the profile of the company - A bit of tailwind as well as the management team may depart but we shall see -

[mark0419] 07/7/2020 08:41

Is this on for a record percentage gain today? Great news for holders.

[tomboyb] 07/7/2020 08:34

sure - 233% -

[iamgreat1] 07/7/2020 08:31

Profit out Thanks auraMove funds to kat now

[tomboyb] 07/7/2020 08:29

Its a good company - One issue it has is the equity structure - News however is excellent like its assets -

[richie32] 07/7/2020 08:23

Wow. Good work

[tomboyb] 07/7/2020 08:17

0.5p? plus -

[tomboyb] 07/7/2020 08:11

Aura Energy Limited Aura signs C$4.5m gold funding deal term sheet 07/07/2020 8:00am UK Regulatory (RNS & others) Aura Energy (LSE:AURA) Intraday Stock Chart Tuesday 7 July 2020 Click Here for more Aura Energy Charts. TIDMAURA RNS Number : 2333S Aura Energy Limited 07 July 2020 7 july 2020 AURA ENERGY LIMITED ("Aura" or the "Company") AURA SIGNS C$4.5 MILLION GOLD FUNDING DEAL TERM SHEET WORK ON TASIAST SOUTH EXPECTED TO COMMENCE WITHIN 3 MONTHS TO VIEW THE FULL PDF VERSION OF THIS REPORT WITH FIGURES, TABLES AND FOOTNOTES CLICK HERE: http://www.rns-pdf.londonstockexchange.com/rns/2333S_1-2020-7-7.pdf Aura Energy Limited (AEE) is pleased to advise that it has signed a C$4.5 million (A$4.8 million) funding term sheet for the creation of a joint venture vehicle with TSX-listed Chilean Metals Inc ("Chilean Metals or Chilean") for Aura's gold, base and battery metal tenements in Mauritania. The deal is subject to due diligence and as such is non-binding. Aura's Tasiast South tenements over 435 km(2) are in a highly prospective area lying on two lightly explored mineralised greenstone belts in Mauritania (See Fig 3). The areas lie along strike from Kinross' giant +20 Moz Tasiast Gold Mine, where Kinross has recently announced that it will expand gold production to 530,000 ounces per year. Aura maintains that these tenements, also with strong base and battery metal results, represent some of the best under-explored greenstone belt targets in the world. The transaction, which remains subject to due diligence, will see Aura progressively vend its Mauritanian gold and base metal licences into a joint venture vehicle (PubCo) with Chilean contributing four scheduled cash payments totalling C$4.5 million before October 2021. The third and fourth Chilean payments will be at their election. Assuming Chilean invests C$4.5 million in cash into PubCo, Aura will own 50% of PubCo and Chilean will own 50%. Aura will also receive 1,000,000 shares in Chilean Metals as part of the transaction. Chilean may source the required funding from its own corporate sources or individual investors with the payment schedule by Chilean into the new vehicle as follows: -- C$1.5 million - On or before 31(st) August 2020 (on execution of binding documentation) -- C$1.0 million - 30 January 2021 (or sooner) -- C$1.0 million - 1 June 2021 (at Chilean's election) -- C$1.0 million - 1 October 2021 (at Chilean's election) Given the non-binding nature of this agreement, there can be no assurance at this stage that the transaction will proceed. Aura Energy Executive Chairman Mr Peter Reeve said "Aura has maintained an exceptionally strong belief in these extremely under-explored greenstone belts given the high-quality preliminary gold and base metal exploration results achieved. This substantial funding package from a group of seasoned resource investors/developers will help reveal their true potential. With the Tasiast Gold Mine (+400,000 ozs pa) on the same belt just north of our project, the potential for multi-million-ounce discoveries is, in the eyes of our technical people, very conceivable". "The excellent base metal indications also revealed on these properties, particularly nickel and high-grade cobalt, also highlights the broader potential of these properties on a similar basis as the Kalgoorlie region in Western Australia where significant gold and base metal discoveries have been made in similar Archean Greenstone settings. "Aura is very pleased that Chilean Metals has recognised the attributes of this geological belt and welcomes Chilean into this project. Chilean's understanding of what it takes to enable mineral discovery and their connection to important gold investment sources will be important ingredients in this transaction. The current global economic environment is driving the gold price and provides the perfect environment for a separate vehicle to hold these strongly undervalued assets". The key terms of the deal are as follows: -- Chilean invests C$4.5 million before October 2021 into PubCo -- Aura contribute 100% of its gold and base metal tenements -- Aura receive 1,000,000 shares in Chilean Metals -- Aura and Chilean will eventually hold 50% each in the JV vehicle -- Aura will hold 3 board seats in PubCo and Chilean 2 board seats -- It is intended that PubCo will be listed on the TSX-V exchange -- Aura will provide the management and technical team for the vehicle -- Aura will receive a mutually agreed management fee for operating the vehicle -- The deal remains subject to due diligence and will remain non-binding until the definitive agreement is executed. Aura and Chilean will seek to finalise a definitive agreement for the transaction no later than 31(St) August 2020. Schedule of TIMCO/JV Transfer and Cash Contributions