Aurora’s vision is to produce two minerals critical to the world’s clean energy transition. The Company is ASX-listed (ASX:1AE, www.auroraenergymetals.com) and is focused on developing its unique flagship, the 100 per cent owned Aurora Energy Metals Project in South-East Oregon, USA. The Project boasts a well-defined uranium Mineral Resource with lithium mineralisation present in the lakebed sediments discretely overlying and surrounding the uranium deposit.
After raising an oversubscribed A$8 million in its IPO, Aurora listed in May 2022 and has demonstrated its ability to move quickly. It has already conducted successful lithium assays of historical core, actively engaged with a multitude of project stakeholders and is in the final stages of permitting the first phase of its 2022-23 drilling campaign.
Building upon this momentum, Aurora expects to finalise the conversion of its predominantly Indicated uranium Mineral Resource to Measured status in the September quarter and be actively drilling for uranium and lithium by the end of September.
The Aurora Uranium deposit is one of the larger uranium deposits in the USA. Historically, extensive uranium metallurgical testwork was conducted on the Project and this work is being reviewed in advance of the next phase of testwork. The Company is also investigating various options for future plant and tailings facilities and expects to conclude this work in the current quarter.