AEE 10.0% 13.5¢ aura energy limited

I think you’re being a bit harsh Zubana. If you take into...

  1. 417 Posts.
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    I think you’re being a bit harsh Zubana. If you take into account:
    1. Resources by size,
    2. Exploration yet to be undertaken.
    “Excellent potential exists to add to the resource base during the life of the operation.
    Aura’s exploration to date in the region has largely focussed on radiometric uranium channel anomalies defined by regional airborne radiometric survey data. The current resources correlate well with airborne anomalies. Strong uranium anomalies exist elsewhere in the district, similar in anomaly strength to those occurring over Aura’s known resources. Most of these zones have had only limited evaluation by Aura and other companies. Potential clearly exists to locate additional mineralised and resource zones, within these untested and lightly tested anomalous areas.
    Additionally airborne radiometric data does not extend further east than 7°W or further north than 26°N, and does not fully cover all parts of the Tiris Resource. Over 20,000 km2 of similar geological setting lying to the east and north of the current Tiris Resources within Mauritania, is not covered by the airborne survey data. Parts of this area have had some ground radiometric surveying over broadly spaced lines (1 to 2 km), locating some uranium anomalous zones which have not been followed up as yet. Excellent potential therefore exists, to locate additional mineralised zones in this large area which has not had good quality radiometric coverage.
    Potential also exists in the immediate vicinity of the currently known resources. In the Sadi zone, drilling has demonstrated that mineralisation extends at least 1.5 km south of the current resource boundary. This has not yet been closed off by drilling, or included in the resource. Additionally the surface radiometric response of mineralisation that has been used to guide exploration and drilling, can be shielded by a shallow cover (20 cm) of unmineralized material. As the southern extension of the Sadi mineralisation has in places no surface radiometric response, potential clearly exists to expand the resource in this area. There are also other current resource zones in the vicinity, where extensions to the mineralisation may not have a surface radiometric response.
    The delineation of Measured and Indicated Resources has been limited for cost reasons only, to portions of the Lazare and Hippolyte deposits. Additional Measured/Indicated Resources will be able to be established within the currently defined Inferred Resources zones, and within further resource zones yet to be outlined”. And,


    3. Sid Ahmed Mohamed Lemine is in country - we’re not, he sees and knows what we can not.

    I find his enthusiasm refreshing and welcome.
 
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