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Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to release its Scoping Study for the Häggån Project (“Häggån” or “the Project”) in Sweden.
- Scoping Study reveals extraordinary Häggån scale and optionality
- Vanadium, potash, nickel, molybdenum, zinc and uranium1 among a diversified suite of future- facing commodities
- Swedish location positive in light of leadership in the European resource industry
- 65MT Scoping Study covers less than 3% of Haggan’s known 2.0Bn tonne Mineral Resource Estimate.
- Scoping Study delivers strong project sample for re-engagement with potential strategic partners
- Scoping Study underpins application for a 25-year Exploitation Permit
- Sweden is Europe’s leading mining and mineral nation, and its minerals strategy and anticipated legislative changes will strengthen that position
Aura Chairman Philip Mitchell said, “The Scoping Study underpins our 25-year Exploitation Permit Application and addressed <3% of the Haggan resource whilst confirming Haggan’s scale and optionality. Haggan’s products are crucial to Battery Technology, Agriculture and potentially with legislative change low carbon, secure and affordable electricity.
The Swedish Government acknowledges that for Sweden’s clean power system to function, a large part must be readily dispatchable, and nuclear power is the only non-fossil option. I noted Sweden’s Minister of the Environment's comments to the Times of London on 18 August 2023 “There was a parliamentary majority behind lifting Sweden’s ban on uranium extraction and opening up by far the largest deposits in the European Union.
She noted that “Nearly 40 years after the completion of the country’s last new nuclear power plant, Minister Pourmokhtari has announced plans to build at least ten large reactors to meet an anticipated surge in demand for zero-carbon power”.
She said that while wind and solar power would be important, the country also needed massive volumes of nuclear-generated electricity because output can be reliably dialled up or down to keep the power supply steady through the peaks and troughs of renewable generation.”
“The government is aiming at doubling electricity production in 20 years,” Minister Pourmokhtari said. “For our clean power system to function, a large part of this has to be dispatchable where nuclear power is the only non-fossil option. Nuclear power also has a reduced environmental footprint and requires limited resources in comparison with most energy sources.”4
The 65MT Haggan Scoping Study covers <3% of Haggan’s known 2.0Bn tonne Mineral Resource Estimate. The Study portends a Tier 1 polymetallic mineral resource providing key minerals for a transitioning world. The remaining 97% of the resource will be further studied and offers exciting future prospects including further study of the potential of rare earth minerals known to occur in the Alum shales. The Scoping Study will support the engagement with potential strategic partners in the project.”
Aura Managing Director Dave Woodall said “The Häggån ore body is massive with a richly endowed polymetallic orebody that contains significant quantities of critical metals that are essential to the rapidly growing energy transition and agricultural supply chains including significant quantities of vanadium, potash, uranium, and base metals. Our project can be integral to the Swedish and European supply of these critical metals that can significantly de-risk the energy transition while providing benefits to all stakeholders.
Our next steps in the Prefeasibility Study will be to further infill drilling that aims to increase mine life and further enhance the project economics."
Figure 1 - Haggan Scoping Study Resource with less than 3% of the total Mineral Resource Estimate currently included in the mining plan
The Häggån Project is based on a substantial discovery in the Jämtland province in central Sweden, with a polymetallic global Mineral Resource Estimate of ~2 billion tonnes at a 0.2% V2O5 cutoff5. While vanadium is a significant driver of Häggån’s value, it contains economically significant volumes of other strategic metals and minerals including potassium, nickel, zinc, molybdenum, and uranium. A significant benefit of the polymetallic deposit is the potential for economically extractable sulphate of potash (SOP) as a byproduct in the processing.
Click here for the full ASX Release
This article includes content from Aura Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
AEE:AU
North Shore Uranium: Unlocking Value Across Two World-class Uranium Districts in North America
North Shore Uranium (TSXV:NSU) is a uranium exploration company focused on North America, advancing a dual-track strategy aimed at high-impact discoveries in two of the world’s most prolific uranium regions: the eastern Athabasca Basin in Saskatchewan, Canada, and the Grants Uranium District in New Mexico, USA. With a lean capital structure, fully permitted drill targets in Saskatchewan, and strong insider ownership, the company is well-positioned to create value through cost-effective exploration and resource definition in a rising uranium price environment.
The Rio Puerco project, located in New Mexico’s Grants District—a historically productive uranium belt responsible for over 340 million pounds of past U₃O₈ production—offers strong potential. Drawing on data from approximately 800 historical drill holes, a JORC-compliant inferred resource estimate of 11.4 million pounds U₃O₈ was completed in 2009. Early assessments suggest potential for in-situ recovery (ISR) mining, one of the lowest-cost extraction methods in the industry.
North-Shore-Uranium-Athabasca-Basin-ProjectsAt the Falcon project in the Athabasca Basin, North Shore’s maiden 2024 drill program confirmed near-surface uranium mineralization in previously untested zones, underscoring the project’s discovery potential. The company has outlined a 7-kilometre conductive corridor with high-priority drill targets in the South Priority Area and is planning prospecting and follow-up drill programs.
Company Highlights
- Dual Jurisdiction Exposure: Active exploration in Athabasca Basin and the Grants Uranium District, two of the most historically significant uranium-producing regions in North America.
- Rio Puerco Option: Binding term sheet signed for a transaction that would see North Shore Uranium acquire up to an 87.5 percent of the Rio Puerco uranium project in New Mexico, where there is a historical resource estimate of 6 million tonnes grading 0.09 percent eU₃O₈ for 11.4 million lbs of U₃O₈.1
- Falcon Discovery in 2024: Maiden drill program confirmed near-surface uranium mineralization at two targets on the Falcon property in the Athabasca Basin in a previously undrilled area within 30 km of the active Key Lake uranium mill.
- Path to Resource Definition: Upon completion of the transaction, North Shore plans to validate historical data, attempt to expand the resource and evaluate the ISR potential at Rio Puerco and concurrently work to expand the discovery footprint at Falcon.
- Lean Structure, Strong Insider Support: $2.2 million market cap (as of July 2025), 40.3 million shares outstanding, with 43.3 percent held by insiders and founding investors.
- High-caliber Team: Led by award-winning geologist Brooke Clements and supported by proven uranium dealmakers and technical experts.
This North Shore Uranium profile is part of a paid investor education campaign.*
Click here to connect with North Shore Uranium (TSXV:NSU) to receive an Investor Presentation