Aura Energy Limited NPV (DI) (AURA)

Sector:

Mining

Index:

FTSE AIM All-Share

7.13p
   
  • Change Today:
    -0.37p
  • 52 Week High: 17.00
  • 52 Week Low: 7.13
  • Currency: UK Pounds
  • Shares Issued: 754.68m
  • Volume: 19,727
  • Market Cap: £53.83m
  • RiskGrade: 524

Aura Energy adds vanadium to Tiris Project resource

By Josh White

Date: Wednesday 16 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Aura Energy announced a JORC-compliant resource estimate for 18.4 million pounds of vanadium contained within its Tiris deposits on Wednesday.
The AIM-traded firm is focussed on developing the low capital expenditure, low operating cost Tiris Uranium Project in Mauritania,

It said the addition of vanadium to the Tiris resource estimate came after confirmation of a constant ratio of vanadium to uranium at Tiris in carnotite, a uranium vanadium potassium oxide mineral which is the primary host of uranium.

"The inclusion of vanadium in the resource estimates for Tiris gives Aura a wonderful opportunity to explore further operating cost reductions through addition of vanadium pentoxide as a by-product to uranium," said acting chief executive officer Will Goodall.

"Test work on leaching of the uranium-bearing mineral at Tiris through the definitive feasibility study has shown that vanadium is recovered with uranium in the proposed Tiris leaching circuit.

"Additional test work is currently underway with ANSTO Minerals to recover leached vanadium to a vanadium pentoxide product."

Goodall said that work would aim to demonstrate that vanadium by-product could be produced with "only minor additions" to the existing Tiris process circuit.

"The inclusion of vanadium by-product recovery has been explored in several other operations with similar mineralogy to Tiris, including Paladin Energy's Langer Heinrich operation, Namibia.

"It is anticipated to provide a strong driver to result in a net reduction in the already low operating costs of the project.

"This vanadium resource estimate provides the initial step to further optimise the low cost Tiris project and we are excited by the prospect of further enhancing the project in this way."

At 1121 GMT, shares in Aura Energy were down 3% at 15.52p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AURA Market Data

Currency UK Pounds
Share Price 7.13p
Change Today -0.37p
% Change -4.89 %
52 Week High 17.00
52 Week Low 7.13
Volume 19,727
Shares Issued 754.68m
Market Cap £53.83m
RiskGrade 524

AURA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.68% below the market average33.68% below the market average33.68% below the market average33.68% below the market average33.68% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Price Trend
67.02% below the market average67.02% below the market average67.02% below the market average67.02% below the market average67.02% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AURA Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
14:35 5,000 @ 8.00p
13:38 12,973 @ 7.39p
12:00 625 @ 8.00p
11:24 375 @ 8.00p
09:42 625 @ 8.00p

AURA Key Personnel

Chair Phil Mitchell
CEO Mark Somlyay

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