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Aura Energy Drilling at Haggan Sweden

 

HÄGGÅN PROJECT, SWEDEN

(AURA 100%)

The Häggån Project is located in central Sweden and is one of the largest undeveloped vanadium and Battery Metals projects in the world.  The area around the project is a sparsely populated swamp and forest region used mainly for commercial forestry. Sweden has a current and active mining industry, with a clear regulatory position and a well-established path from exploration to production.

Häggån is a large poly-metallic deposit containing economically significant levels of vanadium (V), nickel (Ni), zinc (Zn) and molybdenum (Mo) as well as other Battery Metals. The project has a resource of 15,100 Mlbs vanadium pentoxide (V2O5).

Resource estimates were previously conducted and reported on the Häggån Project in 2010, 2011 and 2012 and since then additional infill drilling has been carried out.

With the recent dramatic rise in the price of vanadium, the principal focus for the Häggån Project was altered and Aura commissioned a new vanadium resource estimation exercise.  In summary, the new Inferred Resource inventory at Häggån, at various V2O5 cut-off levels, is:

At a cut-off grade of 0.4% V2O5 the resource contains approx.90 million tonnes at an average grade of 0.42% V2O5, containing 840 million lbs of V2O5.

Of particular interest within this 90 million tonnes is the definition of a coherent and large zone of mineralisation of 49 million tonnes at +0.4% V2O5 commencing at a depth of 20 metres below surface and extending to around 100 metres below surface.

 

HÄGGÅN scoping study

Aura has commenced a revised Scoping Study for the Häggån Project focusing on the potential for a major vanadium project. The Scoping Study is expected to be completed in early 2019.

 

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