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Pesel & Carr congratulates Aura Energy, who today announced its first ever JORC compliant uranium resource.
The resource is of 291 million pounds of uranium at a grade of 162ppm U3O8 at Aura Energy’s 100% owned Storsjön project in Sweden.
As a result the Storsjön Project is placed in the top ten largest uranium resources in the world. The resource covers only 5% of the Storsjön Project and Aura believe there is significant potential to increase the resource further.
Aura Energy (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 Province 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.
For more information visit www.auraenergy.com.au