ASX ANNOUNCEMENT 9 February 2006 WONDINONG DRILLING CONFIRMS THE PRESENCE OF WIDESPREAD URANIUM MINERALISATION AND IDENTIFIES HIGHER GRADE ZONE Drill Hole WAC068 contains 0.82m at 1348ppm eU3O8, the highest grade uranium intercept to date at Wondinong o This intercept is on the most northerly line of drilling and is open to the north 94 holes of the two recent programmes have drill intercepts in excess of 200ppm eU3O8 over a minimum of 20cm, confirming the widespread nature of the uranium mineralisation at Wondinong. Uranium mineralisation extends beyond the 15 square kilometres currently tested, and is open to the north, northwest and south Aura Energy Ltd (ASX Code: AEE) completed the drilling of a further 304 holes at its Wondinong uranium project near Mt Magnet in Western Australia in December. Aura originally commenced its drilling programme at Wondinong in September, but rain caused the deferment of the programme. 31 drill holes were completed at that time. Results reported in late November included WAC023: 1.5m at 323ppm U3O8, and WAC027: 1.0m at 528ppm U3O8. The drilling programme has now carried out initial testing of an area of approximately 15 square kilometres of the main prospective area at Wondinong. Fig. 1: Location of the Wondinong uranium deposit Aura’s drilling programme is at 200 by 200 metre and 200 by 400 metre centres. The depths of the holes are between 2 and 40 metres, with the majority of the holes being 5 metres deep. The programme was carried out by Wallis Drilling. Aura has now received the downhole radiometric logs from the contractor, 3D Exploration Pty Ltd. As indicated by previous drilling the uranium mineralisation at Wondinong has a widespread development on the edge of Lake Austin. 81 of the recently completed drill holes contained eU3O8 values of greater than 200ppm and intersections of more than 20cm, the level typically used by calcrete uranium explorers to denote the presence of mineralisation. In total 94 Aura drill holes from the September and December programmes contain above 200ppm eU3O8. Fig. 2: Distribution of all Aura drill holes with intercepts with greater than 200ppm eU3O8 over a continuous thickness of more than 20cm, based on downhole radiometric logging (red circles); other Aura drill holes as crosses; grid squares are 2 kilometres; A total of 202 holes from the two drilling campaigns have eU3O8 values above 100ppm over thicknesses of in excess of 20cm (60% of holes, Fig. 3). Fig. 3: Distribution of all Aura drill holes with intercepts with greater than 100ppm eU3O8 over a continuous thickness of more than 20cm, based on downhole radiometric logging; grid squares are 2 kilometres; the outlines of the areas defined may change when assay results are received The distribution of holes with >200ppm eU3O8 indicates that uranium mineralisation largely occurs in seven coherent zones with lateral continuity (Figs. 2 and 4). These zones have dimensions that are typically 500 to 1500 metres in length, and 300-800 metres in width. Fig. 4: Zones of greater than 200ppm eU3O8 throughout the drilled area at Wondinong, based on downhole radiometric logging results in Fig. 2; five zones continue beyond the drilled area; selected intercepts on the margin of the drilling shown, plus the WMC hole 800m south of the drilling; grid squares are 2 kilometres; the outlines of the areas defined may change when assay results are received All intercepts of greater than 200ppm eU3O8 are in Table 1 at the end of this release. Better intersections from this campaign include: WAC048: 0.74 metres grading 535ppm eU3O8 WAC068: 0.82 metres grading 1348ppm eU3O8 WAC074: 0.42 metres grading 533ppm eU3O8 WAC075: 0.54 metres grading 517ppm eU3O8 WAC086: 0.72 metres grading 532ppm eU3O8 WAC286: 0.40 metres grading 701ppm eU3O8 Three of the six intersections given above are located on the most northerly line drilled, including WAC068, providing considerable encouragement for the discovery of extensions of the mineralisation to the north of the line within the Aura land holding. The main intersections on this line are between 3 and 4 metres depth, below the depth of mineralisation encountered throughout much of Wondinong. This area is slightly elevated because of a thin cover of kopi dunes, which may be a cause of the change in elevation. Fig. 5: Downhole radiometric logs for drill holes WAC068 and WAC086 It is known that uranium mineralisation occurs 800m south of the most southerly line drilled, as WMC drilled a narrow intercept of 0.2m at 334ppm eU3O8 in that company’s broad spaced drilling in the 1970s. Seven drill holes on the most southerly line drilled by Aura contained above 100ppm eU3O8. Uranium mineralisation is also not closed to the northwest, where hole WAC335 (628000E, 6924600N) has an intercept of 0.46m at 328ppm eU3O8. Assay results for all samples with greater than 100ppm eU3O8 are anticipated from the laboratory late in February. ENDS For further information contact: Dr Bob Beeson Managing Director, Aura Energy Tel: (08) 9228 0711 Mob: 0419 500 936 The information in this report that relates to Exploration Results, Mineral Resources, or Ore Reserves is based on information compiled by Dr Robert Beeson. Dr Robert Beeson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking. This qualifies Dr Beeson as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Robert Beeson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Table 1: Uranium assays for Wondinong drill holes drilled in December 2006, based on downhole radiometric logging Hole No. X_coord Y_coord Depth from Depth to Intercept eU3O8 in ppm WAC033 629800 6925000 0.89 1.75 0.86 207 incl. 1.09 1.53 0.44 264 WAC035 629400 6925000 1.15 1.37 0.22 223 and 1.73 2.01 0.28 285 WAC036 629200 6925000 1.29 2.03 0.74 220 WAC037 629000 6925000 1.46 1.68 0.22 303 WAC038 628800 6925000 0.99 2.43 1.44 213 incl. 1.05 1.37 0.32 377 WAC039 628600 6925000 1.08 1.62 0.54 203 and 2.82 3.36 0.54 212 and 3.70 4.10 0.40 250 WAC040 628400 6925000 1.20 2.48 1.28 200 incl. 1.76 2.42 0.66 258 WAC044 629200 6925200 1.39 1.85 0.46 232 WAC045 629400 6925200 3.72 4.60 0.88 312 incl. 3.82 4.46 0.64 373 WAC048 630000 6925200 1.34 2.52 1.18 388 incl. 1.74 2.48 0.74 535 WAC049 630200 6925200 1.30 1.82 0.52 235 WAC051 630600 6925200 1.01 1.35 0.34 264 WAC057 630600 6925400 1.42 1.68 0.26 296 WAC060 630000 6925400 1.79 2.11 0.32 256 WAC061 629800 6925400 1.65 3.03 1.38 219 WAC062 629600 6925400 1.29 1.97 0.68 218 incl. 1.39 1.67 0.28 315 WAC068 629400 6925800 3.28 4.34 1.06 1073 incl. 3.34 4.16 0.82 1348 WAC072 630200 6925800 1.50 2.42 0.92 230 incl. 2.00 2.36 0.36 358 WAC074 630600 6925800 2.91 3.81 0.90 334 incl. 3.01 3.43 0.42 533 WAC075 630800 6925800 3.26 3.88 0.62 469 incl. 3.28 3.82 0.54 517 WAC076 631000 6925800 2.09 2.85 0.76 242 incl. 2.49 2.75 0.26 315 WAC079 630600 6925600 0.66 1.02 0.36 210 WAC083 629800 6925600 0.91 1.63 0.72 236 incl. 1.11 1.55 0.44 294 WAC084 629600 6925600 1.86 2.16 0.30 246 WAC085 629400 6925600 1.81 2.05 0.24 221 WAC086 628600 6924600 1.04 1.96 0.92 447 incl. 1.12 1.84 0.72 532 WAC087 628800 6924600 0.83 1.05 0.22 241 WAC091 629600 6924600 0.86 1.80 0.94 209 incl. 0.92 1.26 0.34 273 WAC092 629800 6924600 1.06 1.62 0.56 246 incl. 1.10 1.50 0.40 285 WAC106 628400 6924200 1.64 2.34 0.70 205 WAC107 628600 6924200 1.47 2.01 0.54 225 incl. 1.65 1.91 0.26 321 WAC116 628800 6923800 0.92 1.70 0.78 228 incl. 1.00 1.56 0.56 258 WAC118 628400 6923400 0.81 1.99 1.18 250 incl. 0.89 1.59 0.70 302 WAC126 628800 6924000 1,06 1.30 0.24 248 WAC127 628600 6924000 0.99 2.17 1.18 217 incl. 1.29 1.71 0.42 334 WAC128 628400 6924000 1.29 1.85 0.56 244 incl. 1.43 1.71 0.28 335 WAC130 628400 6923800 1.05 2.05 1.00 215 incl. 1.27 1.61 0.34 277 WAC131 628600 6923800 1.21 1.51 0.30 246 WAC137 628800 6923600 0.92 1.92 1.00 209 incl. 1.36 1.86 0.50 258 WAC138 628400 6923600 1.26 2.28 1.02 300 incl. 1.30 2.06 0.76 352 WAC151 628400 6922800 2.00 2.22 0.22 276 WAC156 629000 6922600 1.32 1.66 0.34 224 WAC163 628200 6922400 1.01 1.27 0.26 255 WAC165 628600 6922400 2.08 2.36 0.28 323 WAC176 628000 6922000 1.05 2.09 1.04 209 incl. 1.13 1.45 0.32 280 WAC177 628200 6922000 1.47 1.75 0.28 233 WAC178 628400 6922000 0.99 1.27 0.28 269 WAC183 629600 6821800 2.01 2.25 0.24 274 WAC187 629400 6921600 0.75 1.79 1.04 212 incl. 1.13 1.65 0.52 250 WAC195 628200 6821800 0.80 1.46 0.66 250 incl. 0.88 1.38 0.50 280 WAC196 628000 6821800 0.60 1.44 0.84 254 incl. 0.68 1.16 0.48 329 WAC198 628200 6921600 0.91 1.51 0.60 223 incl. 1.01 1.39 0.38 268 WAC199 628400 6921600 0.67 1.33 0.66 241 incl. 0.71 1.19 0.48 278 WAC228 626000 6921000 0.81 1.11 0.30 208 WAC237 627000 6921200 0.84 1.88 1.04 351 incl. 0.98 1.58 0.60 490 WAC238 627200 6921200 1.12 1.36 0.24 209 WAC244 627200 6921400 0.96 1.76 0.80 238 incl. 0.98 1.52 0.54 273 WAC246 626800 6921400 1.00 2.14 1.14 295 incl. 1.20 2.04 0.84 347 WAC248 626400 6921400 1.01 1.49 0.48 255 incl. 1.07 1.41 0.34 303 WAC249 626200 6921400 1.30 2.34 1.04 325 WAC257 626600 6921600 1.13 2.13 1.00 222 incl. 1.19 1.63 0.44 251 WAC259 627000 6921600 1.01 1.49 0.48 259 WAC262 627600 6921600 0.65 1.57 0.92 245 WAC263 627800 6921600 0.63 1.35 0.72 212 incl. 0.69 1.13 0.44 251 WAC269 626800 6921800 1.00 1.58 0.58 208 WAC270 626600 6921800 1.35 1.57 0.22 310 WAC275 625600 6921800 1.92 2.38 0.46 248 incl. 1.96 2.26 0.30 310 WAC278 625800 6922200 2.11 2.45 0.34 256 WAC284 627000 6922200 1.62 1.88 0.26 277 WAC286 627400 6922200 1.32 1.86 0.54 556 incl. 1.36 1.76 0.40 701 WAC288 627800 6922200 1.24 2.48 1.24 285 incl. 1.54 2.08 0.54 376 WAC290 627600 6922400 1.96 2.22 0.26 221 WAC296 627200 6922600 2.03 2.37 0.34 299 WAC298 627600 6922600 2.02 2.50 0.48 230 incl. 2.06 2.28 0.22 294 WAC316 628000 6923400 1.19 1.55 0.36 215 WAC317 628800 6923600 0.98 1.46 0.48 253 WAC322 627800 6923800 2.39 3.09 0.70 209 incl. 2.77 2.99 0.22 334 WAC323 628000 6923800 1.10 2.18 1.08 272 incl. 1.24 2.10 0.86 305 WAC330 628200 6924400 0.89 1.79 0.90 270 incl. 0.99 1.63 0.64 319 WAC334 627800 6924600 1.62 1.96 0.34 206 WAC335 628000 6924600 1.03 2.11 1.08 215 incl. 1.35 1.69 0.34 359
AEE Price at posting:
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