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Additional Information
Market:ASX
Sector:General Mining
EPIC:AEE
Latest Price: 0.15  (0.00%)
52-week High:0.34
52-week Low:0.13
Market Cap:22.39M
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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 capital raising announcement

Wednesday, December 08, 2010
Aura Energy in a trading halt pending capital raising announcement

The ASX has granted a trading halt to Aura Energy (ASX: AEE) at the company's request, pending an announcement of capital raising details.

Aura has not yet mentioned where the potential new inflow of funds would be used, but last month the company announced a plans to define its first calcrete uranium resource in Mauritania in early 2011, after completing an extensive drilling campaign.

The drilling was designed to obtain sufficient information to estimate a JORC compliant resource for a portion of the company's exploration target, which comprises 40 to 60 million pounds of U3O8 at an average grade of 300 to 450 ppm.

 

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