Aura Energy (ASX:AEE) (AIM:AURA) is an Australian based minerals company that holds the near-term production Tiris Uranium Project in Mauritania and the major polymetallic Häggån Project in Sweden.
The Company is focused on the development of the Tiris Uranium Project in Mauritania which recently announced a major Resource Upgrade to the global MRE which now stands at 58.9 million lb U3O8, 113Mt at 236ppm. Importantly, 29.6 Mlbs U3O8 is categorised as Measured and Indicated. The prior DFS completed in 2021 confirmed Tiris as a low capex, low operating cost uranium project.
The Häggån Project contains a world-class vanadium resource that has the potential to contribute to Sweden’s development as a significant battery metals hub. The newly elected government in Sweden supports fast-tracking development of new mining operations, especially those with a focus on battery metals such as vanadium and nickel.