Aura Energy Share Discussion Threads

[wuscher] 07/10/2021 05:34

hxxps://stockhead.com.au/energy/offtake-financing-turbocharges-aura-energy-as-the-highest-leverage-uranium-stock-to-invest-in-on-the-asx/

[wuscher] 07/10/2021 05:29

hxxps://hotcopper.com.au/threads/ann-us-10m-offtake-financing-agreement-for-tiris-uranium-project.6335990/

[wuscher] 07/10/2021 05:27

Ab heute spielt Aura in der ersten Liga mit.

[shanew48] 06/10/2021 13:04

40-50p + potential on the news that is expected tonight around 10p UK time?

[the count of monte_cristo] 06/10/2021 11:32

h20water, thanks for sharing the project has been ready to go for years but has been stalled due to a lack of interest and low pricing, that has all changed now. Sprott think the Uranium price has much further to rise over the coming years. If you capitalise the two tt's in the http part the link will be activated, like so.

[h2owater] 06/10/2021 11:26

The first samples of uranium oxide product have been produced from ore from Aura Energy's Tiris mine in Mauritania, West Africa. The yellowcake samples were produced during test work at the Australian Nuclear Science and Technology Organisation's (ANSTO) laboratories.Precipitation testing of Tiris UO4 (Image: Aura Energy)The samples were produced during the test work phase of an ongoing definitive feasibility study (DFS) for the project. The UO4 produced is regarded as "saleable", with impurity levels within the acceptable levels relative to ASTM standards, Aura said. Precipitation test work will now continue, with further optimisation of the product planned in the next stage of work at ANSTO Minerals.Yellowcake product from Tiris samples (Image: Aura Energy)Executive Chairman Peter Reeve said the production of yellowcake was a "true milestone" towards achieving producer status."This yellowcake production is a key part of the Tiris DFS and will assist in marketing studies and progression of our financing discussions," he said.The Tiris project comprises several tenements with shallow calcrete deposits on the Reguibat Craton in the north of Mauritania, close to Algeria and Mali in the Sahara desert. The DFS is for a simple "truck and shovel" mine up to 5 metres deep on the eastern deposit feeding a USD45 million plant, with production at about 400 tU per year over 15 years from 2020.https://world-nuclear-news.org/Articles/First-yellowcake-from-Tiris-project

[the count of monte_cristo] 06/10/2021 10:48

Agreed, it's about risk, the less risk the more the share price will advance and this news should move the project down the line to production.

[h2owater] 06/10/2021 10:43

Aussies reckon 50c or 26p on news:Yep, not a lot of uranium companies are in this position.A lot of uranium companies on the ASX are many many years away from production and signing offtake agreements.In fact, many uranium companies will probably not even make it into production in this upcoming bull run.Besides the companies with mines that are in C&M, Aura is next cab off the rank in terms of supplying uranium.At $88M market cap, I think AEE is highly undervalued and 50c in achievable in the very near future (as a comparison, there's explorers that are nowhere near as advanced as AEE with $150M+ market caps)https://hotcopper.com.au/threads/ann-trading-halt.6328508/page-14?get_post=true in

[average down mug] 06/10/2021 10:26

No I’m mearly wishing you well with your investment seriously just thought you’d like some company 🤣👍 adios amigo 50p tomorrow 🚀🚀

[the count of monte_cristo] 06/10/2021 10:22

Oh I get you now, you are actually just an idiot with zero idea about resource stocks and the current uranium situation and market.

[average down mug] 06/10/2021 10:18

50p tomorrow then 🤣👍👍

[the count of monte_cristo] 06/10/2021 10:15

Recent highs were above 20p.

This is a relatively simple mine to build, building it right at the sweet spot time of rising uranium prices.

[average down mug] 06/10/2021 09:59

🤣👍

[the count of monte_cristo] 06/10/2021 09:52

Your questions are ridiculous

[average down mug] 06/10/2021 09:50

Looks like you doing a great job here we’re you in early like 1p

[the count of monte_cristo] 06/10/2021 09:45

Let me just jump in my time machine, lol.

[average down mug] 06/10/2021 09:41

How much tomorrow???? If Chinese??

[the count of monte_cristo] 06/10/2021 09:20

This uranium stock is about to explode:)

[bmwman3] 06/10/2021 08:38

Yes I'm aware I'm referring to what's coming

[the count of monte_cristo] 06/10/2021 08:33

bmwman3 - They already have some offtake agreement, see below.



URANIUM OFFTAKE EXECUTED

- 800,000 lbs over 7 years with additional option volumes
- Average sales price over US$44/lb
- Fixed price covers 15-30% of production
- Aura retains significant exposure to uranium price upside

[the count of monte_cristo] 06/10/2021 08:31

No new uranium mines are being built, it generally takes a decade from discovery to first build. Yet we have an excellent project ready to go and in a world where the demand for uranium is set to grow exponentially. Look at the oil and gas prices! What do you think the Chinese are going to be thinking about that, that they should be building more coal fired powerplants...that they should be buying more oil?! No, they will be saying that uranium is a core part of the future energy mix. So will other countries.

[aberloon2] 06/10/2021 08:28

Penny dropping?

[bmwman3] 06/10/2021 07:50

AURA The offtake agreement is the agreement pursuant to which the off-taker buys all or a substantial portion of the output from the facility and provides the revenue stream supporting a project financing tomorrow

[the count of monte_cristo] 05/10/2021 06:30

Thanks for sharing, the Aussie investors understand resource stocks much better than the UK investors. Just two days until we find out who is the offtake partner, surely has to be the Chinese:)

[h2owater] 05/10/2021 05:53

Recently relisted Aura Energy has entered a trading halt ahead of the finalisation of an offtake financing agreement, as it progresses flagship Tiris uranium project.

Aura’s (ASX:AEE) (AIM:AURA) securities on the ASX are expected to remain in the halt until the beginning of trade on Thursday October 7 or when an announcement is made.

The company recently relisted on the ASX and is advancing the Tiris Uranium Project in Mauritania on Africa’s Atlantic coast.

In the past few months the company has been putting in several more building blocks as it seeks to be the first new uranium project to commence construction since the uranium price started its stellar rise.

Firstly, the project was the recipient of a 10% resource upgrade in August, taking its total JORC resource to 56 million pounds at a 100-parts-per-million uranium oxide cut-off grade.

It also had a capital estimate update completed that month and subsequently updated its definitive feasibility study with 2021 figures – making its DFS one of if not the most current compared with its ASX listed uranium peers.

Work at Tiris is now advancing with stage two activities currently underway, including an opportunity review with the aim of further lowering costs, a resource conversion, and further exploration discovery and drilling with the aim of expanding the existing resources, with a vanadium by-product review also providing potential to further lower costs.

Aura is also undertaking a net-zero emissions study at Tiris and beginning a review of the steps required to initiate the project’s development.

The company was recently flagged by Stockhead as a uranium play ready to pounce when the price is right.

Aura recently stated that the improved uranium price was driving its review of Tiris, and also influenced the financing options available to the company.

Plenty of progress for Aura
On relisting late last month, Aura said it had completed its first successful drillhole during a water drilling program on Tiris.

The drillhole encountered good flows of water commencing from 35m depth, with a preliminary assessment indicating a flow rate of 17,000 litres per hour.

The testing followed up a water drilling program started by Aura at the project in 2019.

“The company is very confident in the process it has developed for identifying and targeting water bearing structures and we aim to continue testing further targets, as Aura further develops the project and advances towards near-term production,” Managing Director & CEO Peter Reeve said at the time.

Aura
Water drilling at Tiris. Pic: Supplied.
Aura is also drilling bedrock at the Nomads JV tenement within the Tasiast South gold project, also in Mauritania, where it is earning up to a 70% stake.