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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX: AEE
News: Latest news
Web Site: Aura Energy
Other Articles: 17-12-200910-08-200921-04-2009

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Tuesday March 16, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Aura Energy

Aura Energy

Aura Energy (ASX:AEE) is an Australian listed metal explorer with projects in Australia, Sweden and Africa. The Company has assembled a portfolio of properties on three continents, including a major presence in Sweden’s Alum Shale Province, one of the largest deposits of uranium in the world.  The Alum Shale is considered to contain Europe’s largest resources of uranium and contains exceptionally large resources of vanadium, molybdenum and nickel.

Aura has recently entered into a Heads of Agreement with Sino King Enterprise Investment Limited (“Sino King”) potentially worth A$460 million to develop the Company’s Storsjön Project in Sweden. Due diligence is currently being conducted.

In an alliance with GCM Resources Plc (LSE/AIM:GCM), Aura is exploring in West Africa. Under the alliance, Aura has been granted three exploration licences in Mauritania and applied 11 further licences.

Tuesday, November 11, 2008

Aura lifts Swedish Uranium target to 3 Billion tonnes

Aura Energy (ASX:AEE) has recently announced the intersections of substantial thicknesses of mineralised Alum Shale in its Häggån and Marby in the Storsjön Project in central Sweden.  The Company is actively exploring its Storsjön Project (100%) in Sweden.

These positive results have caused the company to increase its target size for the Project to 1 billion to 3 billion tonnes of Alum Shale at a grade range of 150 to 180 ppm U3O8. 

These licence areas are located in close vicinity to Continental Precious Metals’ (TSX:CZQ) Viken Project that contains 443Mlbs U3O8.  The Company has a major presence in Sweden’s Alum Shale Province, one of the largest deposits of uranium in the world. 

Aura recently signed a Heads of Agreement with Sino King Enterprise Investment Ltd for the Storsjön Project potentially worth $460 million. Aura’s terms of contract with Sino King require the company to identify 1.0 billion tones of Alum Shale with an average grade of 160ppm U3O8 or higher.

Aura has cautioned "that the potential quantity and grade of the target is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a Mineral Resource."

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