Additional Information
Market: ASX
Sector: General Mining - Uranium & Lithium
EPIC: AEE
Latest Price: A$0.14  (0,00%)
52-week High: A$0.34
52-week Low: A$0.13
Market Cap: A$21.62M
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Aura Energy Limited
www.auraenergy.com.au

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. The company aims to create shareholder value by rapidly establishing resources and then completing feasibility studies on these two projects. Aura Energy is headquartered in Melbourne, Australia and has been listed on the ASX since May 2006.

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Aura Energy to drill new West Africa uranium target areas in November

13th Oct 2010, 12:04 pm

Aura Energy (ASX:AEE) has reported that a major ground radiometric survey has identified new uranium target areas in northern Mauritania with the potential to add to the previously reported exploration target of 40‐60 million pounds, at an average grade of 300‐450ppm.

A new zone some 10 kilometres in length containing radiometric anomalies has been identified in the Ain Sder permit, which is a joint venture area with GCM Resources plc (LON: GCM).

Aura completed its first drilling programme earlier in 2010 for uranium mineralisation on its permits on the Reguibat Craton and was a significant step towards verifying the exploration target.

This target is conceptual in nature and the eastern parts of the Aura permits have never been surveyed geophysically.

Consequently Aura has completed an extensive ground radiometric survey to identify if further uranium targets existed within its permits and has proved successful.

The anomalies may contain additional calcrete‐type uranium mineralisation. The anomalies are similar to those identified elsewhere on Aura’s permits.

Due to the high temperatures over summer, Aura has not yet been able to visit the areas to undertake sampling and confirm the nature of the anomalies.

Aura will commence a drilling programme in November 2010 to determine whether the new target areas contain uranium mineralisation.

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