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Aura Energy Ltd.
Summary
| Project: | Haggan | |
|---|---|---|
| Deposit: | Haggan | |
| Location: | Sweden | |
| Commodities: | Vanadium | |
| Date: | 10/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2019: Aura Energy Ltd. announces a Resource Estimation report for its Haggan deposit at the Haggan project. Upgraded mineral resource estimate at project. Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise the results from its 100% owned | |
| Resources: | (Resource): 2Bt @ 0.3% V2O5 | |
| CP/QP: | [Resources]: Rupert Osborn (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise the results from its 100% owned Häggån Battery Metals Project, Sweden resource upgrade drilling program and resource modelling. This has resulted in a new Global Resource of 2 Billion tonnes at an average grade of 0.3% V2O5, containing 13.3 Billion lbs V2O5, at a 0.2% V2O5 cutoff, which includes 320 million lbs V2O5 at 0.35% V2O5 as Indicated Resource, and 13.0 Billion lbs V2O5 at 0.3% V2O5 as Inferred Resource. (Refer Table 1) Importantly, the infill drilling and modelling work has confirmed 42 million tonnes at 0.35% V2O5 at 0.2% V2O5 cut-off as Indicated Resource in a coherent near-surface zone. Häggån is a large poly-metallic deposit containing economically significant levels of V (vanadium), Ni (nickel), Zn (zinc), Mo (molybdenum) and other metals. Resource estimates have previously been conducted and reported on the Häggån Project in 2010, 2011, 2012 and 2018 and since then additional infill drilling has been carried out. In summary, the new Resource Estimate at Häggån, at a range of V2O5 cut-offs, is presented in Table 1. The 0.2% V2O5 cut-off is used to report the Häggån Resource Estimate. | |
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