Aura Energy Limited NPV (DI) (AURA)

Sector:

Mining

Index:

FTSE AIM All-Share

 7.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 17.00
  • 52 Week Low: 7.25
  • Currency: UK Pounds
  • Shares Issued: 754.68m
  • Volume: 25,618
  • Market Cap: £56.60m
  • RiskGrade: 524

Aura Energy mobilises diamond drill rig to Tiris Project

By Josh White

Date: Friday 27 May 2022

LONDON (ShareCast) - (Sharecast News) - Aura Energy, which is developing the 85%-owned Tiris Uranium Project in Mauritania, announced on Friday that a diamond drill rig has been mobilised to Tiris from Nouakchott.
The AIM-traded firm said the rig would launch a 10,000 metre infill drilling programme, with results expected in the fourth quarter of 2022.

It said the diamond drilling would generate a large-diameter core in around 60 holes, to validate the downhole radiometric logging results that the resource estimate would be based on, and would also provide density data throughout the deposit.

As announced on 20 January, Aura's 2022 resource upgrade programme was set to include further drilling, seeking to upgrade more of the company's 56 million pound resource from inferred to measured and indicated, and to identify further exploration targets within the tenure.

The programme was designed to expand what was already "one of the lowest" capital expenditure and lowest operating cost uranium projects globally, Aura claimed.

Its board said the resource upgrade programme would focus on the Sadi, Lazare South and Hippolyte zones within the Tiris East Project, with the aim of increasing measured and indicated resources, as Aura transitioned from a uranium explorer to producer at Tiris.

"We are pleased to announce the mobilisation of a diamond drill rig to Tiris, with drilling to commence on 30 May and results expected in the fourth quarter," said acting chief executive officer Will Goodall.

"By upgrading the resource estimate, in parallel with planned development and construction, we will add the opportunity to expand the production targets early in the mine life, following the commencement of production at Tiris from the fast-tracked 800,000 pound per annum project.

"We look forward to providing our shareholders with further updates in due course."

At 0911 BST, shares in Aura Energy were up 6.05% at 11.4p.

Reporting by Josh White at Sharecast.com.

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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 7.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 17.00
52 Week Low 7.25
Volume 25,618
Shares Issued 754.68m
Market Cap £56.60m
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
16:29 5,891 @ 7.74p
14:35 5,000 @ 8.00p
13:38 12,973 @ 7.39p
12:00 625 @ 8.00p
11:24 375 @ 8.00p

AURA Key Personnel

Chair Phil Mitchell
CEO Mark Somlyay

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