Aura Energy Limited NPV (DI) (AURA)

Sector:

Mining

Index:

FTSE AIM All-Share

 7.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.50
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 912.75m
  • Volume: 7,548
  • Market Cap: £66.17m
  • RiskGrade: 524
  • Beta: 0.01

Aura Energy losses narrow as company eyes IPO for poleymetallic project

By Duncan Ferris

Date: Friday 16 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Aura Energy announced on Friday that for the six months up to 31 December it narrowed its losses by 38% to £931,000 as the company increased its net cash outflows.
The company's books saw a 30% increase in administration fees to £423,000 over the period as the company seeks to move forward with its operations in Scandinavia and West Africa.

However, Aura Energy benefitted from not having to pay the cost of listing on the AIM market in the period as it had racked up costs of £683,000 associated with this in the six months prior to 2016, largely explaining the narrowing in losses between the two periods.

As of 31 December, the company held £616,000 in net cash, a 76% decrease on the same time a year before.

"During the Half-Year, the Company continued to progress the Tiris project feasibility study and resolved to pursue a separate listing by way of an IPO for its vast Haggan polymetallic property which contains significant quantities of Battery Metals including vanadium, cobalt and nickel," the company said in a statement.

The Tiris project in Mauritania is a wholly owned uranium project based on a major greenfields discovery of 49 Mlb U3O8 in current resources from 66 million tonnes @ 334 ppm U3O8.

Aura Energy said this project is its best prospect for near-term cashflow as uranium is currently trading at cash costs of US$19.40/pound U3O8.

According to the company, a low cost mine operating at the area could produce 11 million pounds of uranium over the course of 15 years.

Elsewhere, the AIM traded company's Haggan project in Sweden is projected for further development with the assistant of the aforementioned IPO after the identification of a resource of 7,870 Mlbs V, 1,640 Mlbs Ni, 2,230 Mlbs Zn, 1,070 Mlbs Mo and 803 Mlbs U3O8.

As of 0945 GMT, Aura Energy Limited's shares were down 3.85% at 1.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AURA Market Data

Currency UK Pounds
Share Price 7.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.50
52 Week Low 4.75
Volume 7,548
Shares Issued 912.75m
Market Cap £66.17m
Beta 0.01
RiskGrade 524

AURA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.34% below the market average23.34% below the market average23.34% below the market average23.34% below the market average23.34% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
0.96% below the market average0.96% below the market average0.96% below the market average0.96% below the market average0.96% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Income Not Available
Growth Not Available

AURA Dividends

No dividends found

Trades for 11-Jul-2025

Time Volume / Share Price
15:12 183 @ 7.00p
13:32 6,219 @ 7.11p
12:35 52 @ 7.40p
08:28 1,094 @ 7.40p

AURA Key Personnel

Chair Phil Mitchell
CEO Mark Somlyay

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