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Additional Information
Market:ASX
Sector:General Mining
EPIC:AEE
Latest Price: 0.15  (-6.25% Descending)
52-week High:0.34
52-week Low:0.13
Market Cap:23.16M
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Aura Energy Full Aura Energy profile here

Aura Energy (ASX: AEE) is a uranium explorer with advanced projects in Sweden, West Africa and Australia. The company is focusing on two main projects: the Storsjön Project located in Sweden’s Alum Shale Province, one of the largest depositories of uranium in the world; and the highly prospective Reguibat Project in Mauritania. 

 

Aura Energy’s main projects in Sweden are based on the Alum Shales, which have been historically known as one of the largest depositories of uranium in the world. Aura Energy has exploration permits and applications in three regions in west Africa: the Reguibat Craton in Mauritania, the Mauritanide Fold belt in Mauritania, and the Tim Mersoi Basin in Niger.

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Aura Energy in a trading halt pending 'purchase' announcement

Monday, October 18, 2010
Aura Energy in a trading halt pending 'purchase' announcement

Uranium explorer Aura Energy (ASX: AEE) has been placed in a trading halt, at the company's request, pending an announcement regarding a 'purchase'.

It is not known where the possible purchase could be, but recently Aura has focused heavily on uranium projects in Sweden.

Last week the company announced initial metallurgical testwork of uranium samples yielding recoveries of up to 93%, by using conventional acid leaching methods, from the Häggån Uranium-Molybdenum-Vanadium Project in Sweden, which provides a significant boost for the future of the project.

From the testing, the majority of the uranium was extracted in the first 12 hours of leaching, with this initial success allowing Aura to move to project forward to the next stage.

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