Yellowcake upstart scores Swedish coup

摘要

Relatively new Perth uranium junior Aura Energy Ltd scored an impressive and unlikely coup in October by bringing in a project partner to its Swedish uranium project, in a deal potentially worth more than $460 million. Aura is now targeting an inferred resource of 1bt @ (a minimum of) 160 ppm uranium within 24-30 months, from its share of the Alum Shale uranium-molybdenum-vanadium prospective formation. The exploration goal reflects Aura's confidence in Storsjon, despite only acquiring it last year, and why China's Sino King Enterprise Investment Ltd is considering investing in it.