Australian Company Focused on Uranium and Lithium Deposits
Aurora Energy Metals Limited (stock symbol – ASX: 1AE) is a natural resources exploration company that explores for uranium and lithium deposits. Aurora Energy Metals has a project in Oregon, the United States, that includes 207 granted mining claims.
Aurora Energy Metals Project
The Aurora Energy Metals flagship project is the Aurora Energy Metals Project (AEMP), which is located in southeast Oregon in in the United States and relatively close to Tesla’s Gigafactory in Reno, Nevada.
The Aurora Energy Metals Project is located in the McDermitt Caldera. This is a good place for the project because there are already two large lithium resources here.
Defined Uranium Resource
The Aurora uranium deposit was discovered in the late 1970s. It has been extensively drilled and has a lot of information about it. The deposit is 1,500 meters long and 300 meters wide. Over 63,000 meters of drilling has been done on it since the 1970’s. This has helped the Aurora Energy Metals define a 2012 JORC compliant Indicated Resource of 65.7 million tonnes @ 253 parts per million (ppm) U3O8 which is 36.7 million pounds (Mlbs) of uranium.
The Aurora Energy Metals Project is prospective for both uranium and lithium mineralization, and is situated within a unique geological setting that is highly favorable for the development of these critical minerals. Uranium and lithium are critical minerals as the world continues its energy transition.
Aurora Energy Metals will conduct both uranium and lithium work programs at the same time. This includes exploration drilling, metallurgical testwork, and feasibility studies.
The Aurora Energy Metals Project is located just west from the nearest town of McDermitt, Oregon. The project is accessible year-round by a network of well-maintained dirt roads, and has excellent infrastructure in place with power lines and a natural gas pipeline running through the property. With its large size, favorable location, and excellent infrastructure, the AEMP is an ideal setting for the development of a world-class uranium and vanadium deposit.
Aurora Energy Metals Limited was founded in 2015 and is based in Subiaco, Australia.
Aurora Energy Metals Limited
Greg Cochran – Managing Director & CEO
Suite 1, 245 Churchill Avenue
Subiaco, WA 6008
PO Box 162
Subiaco WA 6904
Phone: +61 08 6465 5500
Email: i[email protected]
Aurora Energy Metals Stock Performance & Market Cap
Stock Symbols – ASX: 1AE
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While considering Aurora Energy Metals, also take a look at these other uranium stocks to include in your portfolio.
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Previous Uranium Stock -> Aura Energy
Next Uranium Stock -> Azimut Exploration
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Aurora Energy Metals Stock Price
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