Uranium

Uranium is a dense, radioactive metallic element, naturally occurring in most rocks and soil and is the principal fuel for nuclear reactors. Uranium is found as an oxide or complex salt in minerals such as pitchblende and carnotite. It has an average concentration in the earth's crust of approximately two parts per million.

There is a strong ongoing commitment from many countries for nuclear energy, with China, India, Russia, South Korea and South Africa all reaffirming continued use of this energy source. There does not appear to be any reduction demand for uranium in the future.

 

Aura is looking at several different types of uranium occurrences with an initial focus on close to surface, open pittable deposits.

 

 

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Sweden

Aura Energy's main Sweden projects are based on the Alum Shales, which have been historically known as one of the largest depositories of uranium in the world. Uranium was mined and extracted from the Shales in the 1960s and the mineralisation also contains significant amounts of molybdenum, vanadium, nickel and zinc.

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Häggån Scoping Study

Aura has announced excellent results from a Scoping Study on its giant Häggån uranium deposit in Sweden.

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West Africa

Aura Energy has West African exploration permits and applications in the Reguibat Craton in Mauritania and the Tim Mersoi Basin in Niger.

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