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1AE - AURORA ENERGY METALS LIMITED


nipper
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Aurora Energy Metals Limited (1AE) has a 100% legal and beneficial interest in a number of granted Mining Claims in south east Oregon, USA that constitutes the Aurora Energy Metals Project.

The Project hosts a JORC Code uranium resource and is further prospective for uranium and lithium. The uranium deposit consists of an Indicated Resource of 65.7 Mt @ 253 ppm eU3O8 (36.7 Mlb eU3O8) and an Inferred Resource of 3.6 Mt @ 151 ppm eU3O8 (1.2 Mlb eU3O8), giving a total of 37.9 Mlb eU3O8. The resource contains a high grade zone of 18.4 Mt @ 444 ppm eU3O8 based on an interpreted grade envelope defined by a 300 ppm eU3O8 cut off grade. A broad zone of lower grade resource surrounds and lies immediately below the high grade zone.

Both uranium and lithium are important minerals in a global focus for a clean energy transition.

The Company will focus on exploration of the Project using the latest exploration techniques as well as results of previous exploration work undertaken by earlier explorers.

Listing date 18 May 2022 11:00 AM AEST ##
Contact details
auroraenergymetals.com

Aurora Energy Metals • Minerals critical for the energy transition

An Australian company focused on the exploration and development of the Aurora Uranium / Lithium Project in Oregon USA
Principal Activities Mineral exploration and development
   
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code 1AE
Capital to be Raised $8,000,000
Expected offer close date 26 April 2022
Underwriter Not underwritten. Euroz Hartleys Limited (Lead Manager).
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