Aura Energy sees "huge potential" in "massive" Häggån Polymetallic Project
September 25, 2023 at 05:50 am EDT
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Aura Energy Ltd (ASX:AEE, AIM:AURA) CEO Dave Woodall speaks to Thomas Warner from Proactive about the latest developments at the Australia-based minerals company's Häggån Polymetallic Project in Sweden.
Woodall explains that that Häggån is a "massive" tier-one project containing vanadium, nickel, molybdenum, zinc, and uranium. The recent scoping study reveals more about the scale of the project's potential value, emphasising not only the uranium but also the other "future-facing metals".
Additionally, the project will produce sulphate of potash, a vital agricultural fertilizer. Woodall goes on to say that Aura Energy aims to contribute to the Sweden's economic growth and to ensure benefits for all stakeholders. The Hagen project is pivotal for Aura's portfolio, and the company is actively seeking strategic partners for its advancement.
He also notes that while proceeds from the company's Turis Project in Mauritania will be used to help develop the Häggån Project during its initial stages, ultimately it will be necessary for Aura to forge a partnership to accelerate development in Sweden.
Contact Details
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Aura Energy Limited is an Australia-based mineral company with uranium and polymetallic projects in Africa and Europe. The Company is engaged in exploration and evaluation of uranium, vanadium and gold and base metals in Mauritania and Sweden. The Company is focused on uranium production commencing at the Tiris Project, a greenfield uranium discovery in Mauritania. It holds 125 square kilometers of virgin Greenstone belt and is located approximately 36 kilometers south of the Kinross 20 Moz Tasiast Mine. Its Haggan deposit is located in Berg municipality in the province of Jamtland in central Sweden. The Haggan Project is a poly-metallic deposit containing economically significant levels of vanadium, sulphate of potash, nickel, zinc, and molybdenum. It holds a 100% direct interest in the deposit. Its subsidiaries include Vanadis Battery Metals AB, Aura Energy Mauritania Pty Ltd, Tiris Ressources SA, Tiris International Mining Company sarl and others.