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.
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.
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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.
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Stallion Uranium Corp. (the " Company " or " Stallion ") ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce the successful completion of a ground gravity survey over its Coyote Target, located within the Southwestern Athabasca Basin Joint Venture ("JV") Project in partnership with Atha Energy Corp. (" Atha Energy ") ( TSX-V: SASK ). The survey marks a critical step in advancing the exploration efforts in this highly prospective uranium region.
Highlights:
"The results of our ground gravity survey at the Coyote Target mark a significant milestone in our exploration efforts within the Athabasca Basin," said Matthew Schwab, CEO of Stallion Uranium Corp. "The identification of a substantial gravity low anomaly mirroring the characteristics of world-class uranium deposits reinforces our confidence in Coyote's potential. This advancement strengthens our commitment to pursuing exploration in this highly prospective region, and we are eager to take the next steps in unlocking the value of this target through focused drilling. Stallion remains dedicated to executing a systematic and science-driven approach as we continue to build shareholder value through discovery."
The survey encompassed a total area of 2,623 hectares, with 2,738 gravity stations strategically placed to detect subsurface variations in density that may indicate uranium alteration. The results revealed a substantial gravity low anomaly, a hallmark feature associated with large-scale uranium deposits, such as NexGen Energy's Arrow Deposit. The Arrow Deposit, one of the most significant uranium discoveries in the Athabasca Basin, shares multiple geological and geophysical similarities with the Coyote Target, strengthening confidence in the potential for a high-grade uranium discovery.
"Our ground gravity survey has identified a highly compelling target that exhibits striking similarities to the world-class Arrow Deposit," said Darren Slugoski, Vice President, Exploration at Stallion Uranium. "The anomaly's location is particularly compelling, as it coincides with structural complexities and breaks in conductors, and geological features that are strikingly similar to those associated with the Arrow Deposit. The convergence of multiple overlapping anomalies solidifies Coyote as a Tier 1 exploration target, warranting further advancement through targeted drilling."
Survey Area:
The Coyote Target is strategically positioned 58 kilometers northeast of NexGen Energy's Arrow Deposit, which hosts an estimated 256.7 million pounds of U₃O₈ at an average grade of 3.1% U₃O₈ (2021, NI 43-101 Technical Report). The gravity anomaly identified at Coyote aligns with key geological characteristics of Arrow, including structural breaks, intersecting conductive corridors, and large-scale alteration zones. This strong resemblance suggests that Coyote has the potential to host a world-class uranium deposit similar in scale and grade to Arrow. Given the compelling nature of these findings, Coyote is now a top-tier priority for Stallion's upcoming exploration programs.
Figure 1 : Survey Location over Regional Magnetics
Figure 2 : Ground Gravity Survey Results
About the Ground Gravity Survey:
Beginning February 5 and concluding February 21, 2025, MWH Geo-Surveys (Canada) Ltd. carried out a gravity survey at the Coyote Target in Saskatchewan. The survey utilized a customized L&R digital, electronic feedback gravity meter, operated via proprietary controller software. These advanced gravity meters, incorporating electronic levels and electronic nulling, ensure fast, accurate, and reliable readings, particularly in cold-weather conditions.
At each gravity station, GControl software, developed by MWH Geo-Surveys, recorded gravity samples at 1-second intervals. The resultant average of these readings was used as the final gravity measurement, significantly reducing high-frequency noise caused by wind and ground motion. Additionally, GControl calculated real-time, location-specific tidal corrections during data collection, enhancing the accuracy and reliability of the survey results.
With a typical mean data accuracy of 0.02 mgals, MWH Geo-Surveys continues to set the standard for high-resolution gravity surveys, delivering reliable results for resource exploration and geophysical studies.
Qualifying Statement:
The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.
About Stallion Uranium Corp.:
Stallion Uranium is working to ‘Fuel the Future with Uranium' through the exploration of roughly 2,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .
On Behalf of the Board of Stallion Uranium Corp.:
Matthew Schwab
CEO and Director
Corporate Office:
700 - 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6
T: 604-551-2360
info@stallionuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .
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