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« UK's May reassures China after nuclear power plant delay | Main | The problem with Britain’s (planned) nuclear-power station »

Another uranium development company heads to London

Aura Energy will list in two weeks’ time.

Aura Energy is set to list on London’s Aim market in the next two weeks making it only the second uranium-focused company of its kind on the bourse.

While the company’s largest exploration target is the 803 million pound Haggan deposit in Sweden, it is the smaller 50 million pound deposit in Mauritania, Tiris, it aims to bring into production first. “Both assets are discoveries of our own,” says CEO Peter Reeve, who has held positions with Rio Tinto, Shell-Billiton, Newcrest, and who co-founded Ivanhoe Australia with Robert Friedland in the past.

“Haggan is the larger one, but will be developed over a longer time frame, probably five to ten years. Mauritania is what we are going to focus on in the near term. It has low capital expenditure, low cash costs, and we think it competes well in relation to other niche’ in-situ leach deposits,” says Reeve.

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makes a change from winding them up...

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