Uranium glows for Aura

Today’s column in The Australian by Robin Bromby reported a turnaround in the price for uranium and spoke of Aura Energy’s new strategy outlining its plans for its Häggån uranium project, released in an ASX announcement last week.

Following an increase in the spot price of uranium last week to $US35.75 a pound, Capital Economics in London issued its first-ever uranium report. Robin suggested this could mean it “sees a light at the end of the tunnel”, although it does not see uranium reaching $US60 a pound until 2015.

The article discussed the new bioleaching technology Aura has identified which means it can produce at the cash cost of $US13.50/lb – lower than the cash costs at any existing uranium miner. According to the World Nuclear Agency, the cash cost spectrum runs from about $US16.50/lb to $US42/lb.

Aura’s ASX announcement released on August 6, 2013 confirmed that Aura will place a key focus on improving the recognition and value of its globally significant Häggån and Reguibat uranium projects, and will now create steps to shorten the development timeframe for these projects.

Find out more about Aura Energy at www.auraenergy.com.au