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AURA Aura Energy Limited

12.50
0.50 (4.17%)
28 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aura Energy Limited LSE:AURA London Ordinary Share AU000000AEE7 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 4.17% 12.50 121,305 08:03:38
Bid Price Offer Price High Price Low Price Open Price
12.00 13.00 12.50 12.25 12.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Uranium-radium-vanadium Ores AUD AUD -6.49M AUD -0.0111 -21.62 139.77M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:48:27 O 4,677 12.70 GBX

Aura Energy (AURA) Latest News (4)

Aura Energy (AURA) Discussions and Chat

Aura Energy Forums and Chat

Date Time Title Posts
26/2/202410:34Aura Energy 66
30/11/202306:01Aura Energy Limited strong showing on first day trading473
23/1/201819:19Check this out!!!2

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Aura Energy (AURA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:48:2812.704,677593.98O
15:23:5212.3515,7021,939.20O
15:09:0213.002,000260.00O
12:33:5512.7815,5631,988.95O
11:47:0012.6871390.41O

Aura Energy (AURA) Top Chat Posts

Top Posts
Posted at 28/2/2024 08:20 by Aura Energy Daily Update
Aura Energy Limited is listed in the Uranium-radium-vanadium Ores sector of the London Stock Exchange with ticker AURA. The last closing price for Aura Energy was 12p.
Aura Energy currently has 582,376,063 shares in issue. The market capitalisation of Aura Energy is £139,770,255.
Aura Energy has a price to earnings ratio (PE ratio) of -21.62.
This morning AURA shares opened at 12.25p
Posted at 17/1/2024 01:37 by the count of monte_cristo
Well, if one doesn't like a company then don't invest and move on.

I've recently bought in and have an average price around the current sp, happy with that and happy to just sit back and watch the news flow come in on the 15,000m of drilling - during a raging bull market in the uranium price.

My main concern is that we will get taken out with a low ball offer.

Haggan has been ascribed virtually no value by the market, therefore any movement from Sweden regarding a more enlightened approach to mining will add significant value.

If you can't sleep at night because of one of your investments, or you only see problems then sell or sell down to your sleeping point.

Sp up 2.7% on the ASX currently, to rephrase your post from yesterday when the share price was down "hmm, what do people know, they must know something and positive news must be due", lol:)))
Posted at 16/1/2024 20:40 by source
Hope you're right Count. Looking deeper since yesterday. The mystery remains. I have to write Sweden to 10% chance of success as Swedens record on new mines is poor & sentiment still strongly anti. I saw this with their critical mineral double speak wrt fluorspar etcHowever, Tiris looks good on paper but risks remain around key areas of logistics & country permits etc (normal to many miners) but I'm not familiar with Mauritania politics & if that is a curveball. A project of this quality should get financed quite easily if the above risk bought under control though especially as capex is small. All this makes the bad underperforming share price an even bigger anomaly. I'm just very wary when I see this discrepancy as AIM mining management are notoriousl for stitching up shareholders at ease & London nomads etc do nothing good to enforce good governance.
Posted at 16/1/2024 13:39 by the count of monte_cristo
Explain what you mean by your opinion of management silence?

They put out a detailed rns the other week. There is also a detailed video interview from Nov. Exactly whay do you want and expect?

By underperformance, can you please explain what the price was just 6 months ago in Sept?

Can you also at least have the brains to also note the big move in the uranium price has happened recently and it will take time to flow through to the uranium stocks. Look at 1AE, one of the largest uranium deposits in the US, do tell us what it's market cap is and explain why it hasn't done much YET in terms of price movements.

The uranium bull run is just getting started. These things playout over long periods, the uranium price can move strongly in a short period of time whereas the uranium stocks play catch up. Giving you a free education here.

What on earth do you think will happen when AURA begin releasing their assay results and then significantly increase the resource into a red hot uranium market? A 15,000m.drilling programme is pretty significant. If you have any knowledge you would know that.
Posted at 15/1/2024 04:56 by the count of monte_cristo
OT - please allow me for the plug, considering how much research I have shared about AURA:)

I have shared a lot of research on THR a US focused uranium stock on the THR bb. Current market cap is just over 4m GBP. Virtually forgotten about on AIM.
Posted at 14/1/2024 04:57 by source
Seems a serious problem to the Aura opportunity here by people who seem to know the actual Swedenish issues...The company & Aura's management's corporate communications seem to brush over the significant problems it has!hTTps://x.com/rekurencja/status/1746269227349053882?s=46&t=LkUKVZHH-p2Ckt2MfrpYBA "4. In the latest episode that Aura cheerleaders keep talking about, Areva ended the partnership with Aura after less than a year, without disclosing reasons. No extra comment neededBottom line: There is no uranium coming from weakly radioactive Swedish mud any time soon if ever"
Posted at 12/1/2024 07:52 by source
Uranium price over $100 a lb!Aura dozing while other explorers explode. Odd but again another example of AIM & UK stock markets being dysfunctional for UK Investors. Grr.
Posted at 08/1/2024 09:53 by source
Nice article on Aura & significant drilling news ahead:-ARTICLE: hTTps://stockhead.com.au/energy/aura-energy-on-the-hunt-for-100mlbs-uranium-at-tiris-project/ "The program forms the first stage in our exploration growth strategy," Woodall said."Subsequently, after granting the additional 29 tenements, Aura aims to further expand its exploration for the greater Tiris Project to more than 200 Mlbs of global mineral resource estimate."Given our exploration success and historically low cost of exploration at ~$0.20 /lb U3O8, we believe we can rapidly continue significant internal resource growth at Tiris.
Posted at 17/10/2023 05:00 by wuscher
Aura Energy Limited
Level 30 / 35 Collins St
Melbourne, VIC 3000
Aura Energy Limited ACN 115 927 681
Level 30 / 35 Collins St, Melbourne, VIC, 3000
ASX RELEASE 17 October 2023
Aura identifies new uranium Exploration Target extending
from existing Tiris Project Resources
KEY POINTS:
• Aura identifies an Exploration Target aimed to expand the existing 58.9 Mlbs U 3O8 Tiris Project
Resource (113Mt at grade of 236ppm U3O8), which was defined at an exploration cost of ~US$0.20 per
lb U3O8.
• Preliminary work has identified seven Exploration Targets in Tiris East as extensions of the existing
resources 30 – 60 Mt at 120 - 240 ppm U 3O8 for 8 - 32 Mlbs U3O8.
• The new Exploration Targets highlight the potential for the Tiris Project to achieve world-class scale.
• Exploration Target will be tested with a 15,500m drilling exploration program planned to commence
imminently.
• Proving up additional resources is likely to expand the ore available to the Tiris Project and potentially
facilitate modular expansion. The Front-End Engineering Design (FEED) study is 80% complete, and pre-
construction activities will commence at the Tiris Project.
Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to announce it has
acquired additional radiometric survey data, reviewed historical drilling results, and identified strong
indications of mineralisation extensions on Aura’s existing tenements that could significantly expand
Aura’s current Tiris Project (“Project̶1;) 58.9 Mlbs U₃O₈ resource.
Aura has signed contracts for an exploration program of 15,500m air core drilling over approximately
78 km 2 on existing tenements, aiming to significantly increase the Inferred Mineral Resource at the
Tiris Project in Mauritania by extending the existing resources. The mobilisation of the drilling
contractor commenced on October 16 th , with the program commencing soon after.
The potential quantity of the Exploration Target is conceptual in nature. There has been insufficient
exploration of these targets to estimate a Mineral Resource, and it is uncertain whether this
exploration effort will result in an estimation of a Mineral Resource.
Aura Managing Director David Woodall said,
“Aura’s strategy is to be development-ready in relation to our Tiris Project, and this strategy is
progressing and accelerated as we aim to expand our mineral resource.
The near-term, low-cost, producer status of our Tiris Project was confirmed by our March 2023
Enhanced Definitive Feasibility Study1. Further resource expansion towards 100m lbs of U₃O₈
progresses the project towards a global scale and reinforces the potential for Mauritania to be a
material producer in the near term. The robust economics of our Tiris Uranium Project will be further
enhanced by increasing our mineral resources and reserves. Due to the modular nature of the project,
we see outstanding opportunities to grow the annual production capacity of the project to 3.5Mlb per
annum, equivalent to the planned back-end plant capacity.”
1 See announcement dated 29 March 2023 “Tiris Uranium Project Enhanced Definitive Feasibility Study”.
“To that end, Aura will commence key pre-construction activities, including the geotechnical drilling of
the proposed plant site, and allow some trial mining to provide valuable data in the production
planning for the Tiris operation once developed.”
Figure 1 - Tiris Project Exploration Program Target Areas
The exploration program will be conducted on existing granted tenements targeting the expansion of
the Mineral Resources at the Tiris Project. It will focus on the Exploration Target shown in Table 1
below.
Range Tonnage and Grade Expectations Range Exploration Target
Resource Area Tonnes
Lower (Mt)
Tonnes
upper (Mt)
Grade Lower
U₃O₈ (ppm)
Grade Upper
U₃O₈ (ppm)
Lower Range
Mlbs U3O8
Upper Range
Mlbs U3O8
Tiris East2 30 60 120 240 8 32
Total Target 30 60 120 240 8 32
Table 1 – Proposed Exploration Target3
2 Ain Sder, OEFE and OEFE Sud tenements – Hippolyte East, Hippolyte West, Marie, Hippolyte North, Lazare North, Lazare South and Sadi
resource areas.
3 The lower range metal target has a 50% discount on both tonnage and grade.
Exploration Target Estimate
A significant level of exploration has previously been undertaken by Aura on the currently held
tenements, resulting in a Global Mineral Resource Estimate (MRE) of 113Mt at an average grade of
236ppm U3O8 containing 58.9 Mlbs U3O84, which was reported in a market announcement (“Major
Resource Upgrade at Aura Energy’s Tiris Project”), dated 14 th February 2023. The MRE has been based
on 21,990 metres of drilling in 5,619 holes for a total project cost of US$11.9M or US$0.20 per lb U3O 8.
Area Class Tonnes (Mt) U3O 8
(ppm)
U3O 8
(Mlbs)
Hippolyte North
Measured 8.0 236 4.2
Indicated 5.8 217 2.8
Inferred 4.7 212 2.2
Sub-Total 18.5 224 9.1
Hippolyte Marie & West Inferred 8.2 310.0 5.6
Hippolyte South
Indicated 4.6 192 2.0
Inferred 2.7 176 1.1
Sub-Total 7.4 186 3.0
Lazare North
Measured 1.0 282 0.6
Indicated 10.1 229 5.1
Inferred 3.7 210 1.7
Sub-Total 14.8 228 7.4
Lazare South
Measured 8.6 233 4.4
Indicated 5.2 226 2.6
Inferred 4.8 222 2.3
Sub-Total 18.6 228 9.3
Sadi
Measured 11.5 189 4.8
Indicated 7.4 200 3.2
Inferred 10.3 228 5.2
Sub-Total 29.2 206 13.2
All Deposits
Measured 29.1 218 14.0
Indicated 33.0 215 15.6
Inferred 34.5 237 18.0
Total Tiris East 96.6 224 47.7
Oum Ferkik Inferred 16.4 305.0 11.2
Total Aura Resources 113.0 236 58.9
Table 2 - Tiris Mineral Resource Estimate5
Historical drilling has shown a strong relationship between mineralisation and zones of high
radiometric signature, as seen in Figures 1 and 2.
Additional radiometric survey data recently acquired revealed several newly identified high
radiometric anomalies not yet drilled. Continuing our earlier work, geologists have defined a series of
Exploration Targets (shown in Figure 1) where the relationship between radiometric signature and
mineralisation suggests further Exploration Targets may be available. Importantly, all targets are
proximate to or contiguous with existing Inferred Resources and have yet to be tested by drilling.
4 ASX Announcement: “Major Resource Upgrade at Aura Energy’s Tiris Project” 14th February 2023.
5 ASX announcement: “Major Resource Upgrade at Aura Energy’s Tiris Project” 14th February 2023.
Area Resources and Mlbs/km² of Anomaly Determined
Resource Area Name Tonnes
(Mt)
U₃O₈
(ppm)
U₃O₈
(Mkg)
U₃O₈
(Mlb)
Surface Area
(km²)
Mlbs return
U₃O₈/km²
Hippolyte East 1.8
Hippolyte Marie and West 8.2 310 2.5 5.6 3.1 1.8
Hippolyte North 18.5 224 4.1 9.1 7.4 1.2
Hippolyte South 7.4 186 1.4 3.0 5.6 0.5
Lazare North 14.8 228 3.4 7.4 9.7 0.8
Lazare South 18.6 228 4.2 9.3 12.7 0.7
Sadi 29.2 206 6.0 13.2 33.6 0.4
Oum Ferkik East 4.5 240 1.1 2.4 3.1 0.8
Oum Ferkik West 11.9 330 4.0 8.8 2.9 3.0
Total 113.1 26.7 58.8 78.1
Table 3 – Tiris Project Relationship of Radiometric Signature to Mineral Resource Estimate. Note; no reported Resource
exists over Hippolyte East so the nearby Hippolyte North figures were used..
The Exploration Targets are focused on calcrete-style uranium deposits and lay beneath flat land
surfaces with shallow overburden.
The uranium mineralisation generally lies within weathered, partially decomposed red granite or in
colluvial gravels developed on or near red granites. Small portions occur in other rock types, such as
meta-volcanics and meta-sediments. The mineralisation is believed to have developed within shallow
depressions or basins, where colluvial material has accumulated in desert sheet wash events. The
pebbles within the gravels are generally unweathered fragments washed in from the nearby
exfoliating granites and other crystalline rocks, mixed with sand, silt, calcrete, gypsum and yellow
uranium vanadates. This mineralised veneer of relatively unconsolidated material is typically less than
5 metres in thickness, although locally, it can occur up to 12 metres in depth. It forms continuous
deposits on the plains or occurs in depressions amongst granite outcrops.
Defined Mineral Resource Estimates6 occur within high radiometric anomalies identified by airborne
geophysical surveys. Several radiometric anomalies within currently held Leases have yet to be tested,
and many previously drilled areas remain open at boundaries. Additionally, only high radiometric
signature anomalies have been tested. Aura’s geology team have determined that there is a possibility
that the lower-level anomalies may contain economic resources or that the anomalies have been
partially or fully obscured by sand cover.
Details of Target tonnage and grade calculations for the Exploration Target are presented in Table 4.
Inputs to the calculation of the Exploration Target have been estimated using data from radiometric
anomalies near each target, which have been tested by drilling and included in the Mineral Resource
Estimate.
The potential Exploration Target, expressed as Mlbs U 3O 8/km², for each exploration area, has been
determined using the metal return from drilling completed at each resource area adjacent to the
nearest Inferred Resource, as shown in Table 3.
6 ASX announcement: “Major Resource Upgrade at Aura Energy’s Tiris Project” 14th February 2023.
Tonnage and Grade Expectations Range Exploration Target
Resource Area Name Tonnes
Upper (Mt)
Tonnes
Lower (Mt)
Grade Upper
U₃O₈ (ppm)
Grade Lower
U₃O₈ (ppm)
Upper
Range
Lower
Range
Hippolyte East 6 3 228 114 3 1
Hippolyte Marie and West 17 8 310 155 11 3
Hippolyte North 9 4 224 112 4 1
Hippolyte South 15 7 186 93 6 2
Lazare North 6 3 228 114 3 1
Lazare South 2 1 228 114 1 0
Sadi 7 3 206 103 3 1
Total and averages 60 30 240 120 32 8
Table 4 - Exploration Target - Range of tonnage, grade and average Mlbs U₃O₈/km². Totals are rounded.
All Exploration Targets are grouped into five different categories reflecting the quality of the target,
ranging from those on high radiometric anomalies to low anomalies that may be affected by sand
cover.
In calculating the potential size of the Exploration Target, a probability of success was then estimated
for each Target Category to determine each target's upper bound of possible U3O 8. By way of example,
high-quality targets on high radiometric anomalies were given a 0.9 chance of success. In comparison,
conceptual Targets such as possible mineralisation beneath cover were given a 0.1 chance of success.
In this manner, high-quality targets were given the most significant influence on Target tonnage, while
conceptual Targets were given minor influence. To be very conservative, the estimated probabilities
of success were then halved to determine Target's lower tonnage and grade ranges. These categories
are presented in Appendix 1, along with the upper bounds of estimated probabilities used to calculate
Target ranges.
An example of the categorisation of Exploration Targets for the Hippolyte West and Marie mineralised
zones can be seen in Figure 2. This shows the relationship between the current Inferred Resource and
the ranked Exploration Target areas. As demonstrated, the higher probability targets are on or directly
adjacent to areas with a high radiometric anomaly, which host mineralisation. Lower ranked targets
cover areas of lower radiometric signature and where cover by sand dunes may have depressed the
radiometric signature.
Figure 2 - Marie E-H, showing airborne U-radiometric anomalies, sand dunes, target categories, inferred resource outlines, and planned drillholes.
Note that drilling has not been closed off, and portions of the high radiometric anomaly still need to be sufficiently tested.
The distribution of exploration targets for other mineralised zones within the Tiris East areas can be
seen in Figures 5 to 13 in Appendix 2.
The development of Targets within currently held Leases has the benefit of providing tonnage close
to presently planned operations, increasing the likelihood of mine life extension without having to
modify the existing mining plan significantly. Additionally, the potential to develop higher-grade
material in the Marie/Hippolyte West area (shown in Table 1) would substantially benefit profitability
by adding higher-grade feed close to the treatment facility.
Exploration Program Plan
The Company proposes to commence an exploration program at Tiris East to test the Exploration
Targets as soon as possible. A drilling contractor has been selected, and the logistics planned around
mobilising the air core rig into the country and to the Tiris East area. This will aim to rapidly complete
15,500m of air core drilling to grow the Resources within the Tiris East exploitation permits. Drilling at
Tiris East will be to a depth of between 1 and 20 metres, with an average depth of 7 metres. Figures 5
to 15 in Appendix 2 show the proposed drilling plan for each mineralised area.
The efficiency of exploration in the Tiris East project area is significantly increased because of the level
of data available on existing mineral resources. Drilling calcrete-hosted uranium mineralisation is
undertaken by aircore drilling, with downhole gamma logging used to measure equivalent U3O 8
(eU3O 8). This output is converted to U 3O 8 by calibration with assay and disequilibrium analysis, for
which samples must be generated from diamond drilling. For a complete description, refer to ASX
announcement: “Major Resource Upgrade at Aura Energy’s Tiris Project” on 14 th February 2023.
A detailed review has determined that sufficient disequilibrium data is available in the Tiris East area
for inferred resource reporting. This will reduce the time required to report resources by
approximately four months, streamlining the exploration process.
The aircore drilling program in Tiris East is expected to be completed within two months of the
commencement of drilling, with an updated Mineral Resource Estimate to be completed shortly after
the completion of the drilling program.
The Company will take the opportunity to commence pre-construction works for the Project during
the exploration program. The activities will focus on trial mining to optimise mining costs and
additional geotechnical studies.
Tenement Status
The Targets fall on mineral exploration permits held 100% by Aura Energy: 2365B4 Oued EL Foule Sud,
and on 2 Exploitation permits: 2492C4 Oued El Foule, 2491C4 Ain Sder held by Tiris Ressources SA.
Oum Ferkik is currently under application for transfer from an Exploration Permit to an Exploitation
Permit. Tiris Ressources SA is owned 85% by Aura Energy subsidiary, Aura Energy Mauritania, and 15%
by ANARPAM, a Mauritanian Government entity.
ENDS
The Board of Aura Energy Ltd has approved this announcement.
For further information, please contact:
David Woodall
Managing Director and CEO
Aura Energy Limited
info@auraenergy.com.au
Paul Ryan
Citadel-MAGNUS
Investor & Media Relations
pryan@citadelmagnus.com
+61 409 296 511
About Aura Energy (ASX: AEE, AIM: AURA)
Aura Energy is an Australian-based minerals company with major uranium and battery metals projects
with significant resources in Africa and Europe. The Company primarily focuses on uranium production
from the Tiris Project, a significant greenfield uranium discovery in Mauritania.
A recent Enhanced Feasibility Study at Tiris has increased the project NPV significantly, reconfirming
the project as one of the lowest capex, lowest operating cost uranium projects that remain
undeveloped worldwide.
A Scoping Study into the Häggån Battery Metals Project in Sweden has outlined compelling economic
value. Aura plans to follow up this study with further exploration to lift the Resource categorisation
alongside close collaboration with the community surrounding the project to foster support to
proceed.
In 2023, Aura will continue transitioning from a uranium explorer to a uranium producer to capitalise
on the rapidly growing demand for nuclear power as the world shifts towards a decarbonised energy
sector.
Disclaimer Regarding Forward-Looking Statements
This ASX announcement (Announcement) contains various forward-looking statements. All
statements other than statements of historical fact are forward-looking statements. Forward-looking
statements are inherently subject to uncertainties in that they may be affected by various known and
unknown risks, variables and factors which could cause actual values or results, performance, or
achievements to differ materially from the expectations described in such forward-looking
statements. The Company does not guarantee that the anticipated results, performance, or
achievements expressed or implied in those forward-looking statements will be achieved.
Competent Persons
The Competent Person for Exploration Target Estimation is Dr Michael Fletcher. The information in
the report to which this statement is attached relates to compiling Exploration Target data and is
based on information compiled by Dr Michael Fletcher. Dr Fletcher has sufficient relevant experience
in the preparation and compilation of exploration data across a broad range of deposits to qualify as
a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’. Dr Fletcher is a consultant to Aura Energy,
and a full-time employee of GeoEndeavours Pty Ltd. Dr Fletcher is a Member of the Australasian
Institute of Geoscientists and consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
The Tiris Uranium Resource Estimate was reported in 2023 under the 2012 Edition of the “Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. The Mineral
Resource Estimate was detailed in ASX announcement: “Major Resource Upgrade at Aura Energy’s
Tiris Project” 14 th February 2023. Aura confirms that it is not aware of any new information or data
that materially affects the information included in this announcement regarding the mineral resources
and that all material assumptions and technical parameters underpinning the estimates continue to
apply and have not materially changed.
Aura Energy Limited
Level 30 / 35 Collins St
Melbourne, VIC 3000
Aura Energy Limited
Level 30 / 35 Collins St
Melbourne, VIC 3000
Appendix 1 – Basis of Exploration Target
Mlbs U₃O₈ target
Category Rank Raw
Mlbs
Probability
of success
Upper
range
Lower
range
Holes Drill metres
to assess
Target
Probability inputs
High-U
radiometric
anomaly
1a 9.5 0.9 8.6 2.1 512 3,584 94% of anomalies on currently held leases have returned extremely positive drilling results, and
the remaining six percent require further testing (the remaining six percent are in the next
category).
High-U
radiometric
anomaly,
low values
1b 1.3 0.6 0.8 0.2 108 756 large anomalies tested by just a few drillholes, which have returned subgrade values but
demonstrate a mineralised zone. In some cases, ground radiometrics suggest zone may thin.
stepout 1c 30.4 0.6 18.2 4.6 1257 8,799 Areas where drilling has not been closed off within a few hundred metres of current resources
or surrounding non-tested high radiometric anomalies.
Dune
Adjacent,
low
anomaly
1d 7.2 0.2 1.4 0.4 109 763 Lazare north shows that a large resource exists that is not associated with a high U-Radiometric
anomaly. Adjacent to sand dunes so probable sand cover subduing anomaly. This was given low
probablity due to unknown level of sand cover. Positive results from wide spaced drill test will
raise probability.
cover 2a 7.9 0.1 0.8 0.2 31 217 Satellite imagery shows a difference in surface cover that may limit the anomaly, masking the
radiometric signature. Wide spaced drilling required to test whether this is hiding anomaly, or
whether it is simply different rock type that is not mineralised.
low 2b 18.1 0.1 1.8 0.5 177 1,239 Satellite imagery shows sand cover. Radiometric and satellite imagery at different acquisition
times so not a direct comparison. This low level sand cover may move so unsure if this is a
factor. Limited wide-spaced drilling will test this, and potentially identify large volume targets.
no
anomaly
2c 0.3 0.1 0.0 0.0 12 84 No anomaly but possible cover identified in satellite imagery
Total 32 8 2206 15,442
Table 5 – Ranking matrix for Exploration Targets based on radiometric signature and proximity to existing mineralisation.7
7 Note that lower range metal target has a 50% discount on both tonnage and grade
Aura Energy Limited
Level 30 / 35 Collins St
Melbourne, VIC 3000
Aura Energy Limited
Level 30 / 35 Collins St
Melbourne, VIC 3000
Appendix 2 – Maps showing Target category locations in relation to radiometric anomalies,
Resource boundaries and Satellite imagery.
Figure 3. Target Locations: Tiris East.
Figure 4. Lazare North, showing airborne U-radiometric anomalies, sand dunes, target categories, inferred
resource outlines, and planned drillholes. Note that the western portion of the inferred resource is on a low
radiometric anomaly adjacent to a sand dune. Sand may be obscuring the radiometric signature. Drilling has
not been closed off. Especially note the large section of high radiometric anomaly that adjoins the Resource
and has only two drillholes.
Figure 5. Lazare South, showing airborne U-radiometric anomalies, sand dunes, target categories, inferred
resource outlines, and planned drillholes.
Figure 6. Sadi, showing airborne U-radiometric anomalies, sand dunes, target categories, inferred resource
outlines, and planned drillholes. Most of the drilling has not been closed off.
Figure 7. Marie F-G, showing airborne U-radiometric anomalies, sand dunes, target categories, inferred
resource outlines, and planned drillholes. Drilling has not been closed off, and the high anomaly has not
been sufficiently tested.
Figure 8. Marie E-H, showing airborne U-radiometric anomalies, sand dunes, target categories, inferred
resource outlines, and planned drillholes. Anomalies (need field confirmation) lie to the east of an elevated
feature and appear to have sand cover that may be shedding from that elevated feature. Drilling has not
been closed off.
Figure 9. Hippolyte West C, showing airborne U-radiometric anomalies, sand dunes, target categories,
inferred resource outlines, and planned drillholes. Note that drilling has not been closed off, and solid drill
results exist outside the resource.
Figure 10. Hippolyte West D, showing airborne U-radiometric anomalies, sand dunes, target categories,
inferred resource outlines, and planned drillholes. No previous drilling exists on this Target.
Figure 11. Hippolyte North, showing airborne U-radiometric anomalies, sand dunes, target categories,
inferred resource outlines, and planned drillholes. Note the presence of sand dunes, so part of the
radiometric anomaly may be obscured. Also, note drilling that has not been closed off.
Figure 12. Hippolyte East, showing airborne U-radiometric anomalies, sand dunes, target categories, inferred
resource outlines, and planned drillholes.
Figure 13. Hippolyte South, showing airborne U-radiometric anomalies, sand dunes, target categories,
inferred resource outlines, and planned drillholes. Note resources are open, and drilling has not been closed
off.
Posted at 13/2/2021 11:13 by city analyst1
Danmart, Aura’s fair value (employing a DCF valuation model) sits at around 1.56pence per share or £40m market cap. However, when you set this fair value against the current peer valuations (following the recent mini rally in uranium stocks), the company is materially mispriced.

By way of background, the company’s shares have been in a state of paralysis since the May 2020 trading halt on the ASX. The emergence of the heavyweight activists (Axel Sartingen, Asean Deep Value, Florian Hoertlehner, and John Bennett) triggered the action under Listing Rule 17.1. Thus, since then, the share price has stagnated and not mirrored the wider movements in the uranium and vanadium space.

However, on January 29, 2021, and after 9 torturous months, things took a massive turn for the upside with this announcement from the company:

“With the assistance of a major shareholder (Lind Global), Aura Energy commenced settlement negotiations on the outstanding legal disputes with the shareholder activists and this has been largely successful.”

That announcement, which went largely unnoticed by the wider market, was a real ‘game changer’ for Aura shareholders. The activists’ demands, once revealed, will be highly bullish as they will be predominantly focussed on expediting delivery of shareholder value after almost five years of perennial underperformance.

So, against the backdrop of a highly valuable asset base, a highly aligned management team, a highly sophisticated institutional share base (see the links below), a bullish uranium, vanadium, and gold sector, and a spectacularly low market capitalisation, the Aura share price is now starting to play catch-up. And catch-up it will.
Posted at 07/7/2020 07:11 by tomboyb
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

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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:

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
Aura Energy share price data is direct from the London Stock Exchange

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