Aura?s JV with GCM Resources Defines Widespread Strong Uranium Mineralisation in Northern Mauritania

Aura Energy (ASX: AEE) today announced that a field programme in Northern Mauritania, part of the Company?s joint venture with GCM Resources Plc, has confirmed the presence of widespread, significant uranium grades at surface.

Highlights of today?s news:

• The second phase of sampling in the Oued Foule Est permit confirms the presence of widespread, significant uranium grades at surface
• Uranium mineralisation, ranging up to 2217 ppm U3O8, was located in shallow sampling pits
• The uranium mineralisation is located within zones of strong radiometric response defined by ground geophysical surveying
• Within one 3km long radiometric zone in Survey Area A, 10 out of 15 sample pits contained significant uranium mineralisation averaging 810 ppm U3O8
• Mineralisation appears to be as strong at the base of the pits as at surface
• The mineralisation lies within a 1400 km2 exploration permit held under Aura / GCM joint venture.

To view a copy of the full ASX announcement, please click on this link: http://www.stocknessmonster.com/news-item?S=AEE&E=ASX&N=436266

For further information, please contact:
       
Dr Bob Beeson                                      
Managing Director                                   
Aura Energy                                             
+61 (0)3 9890 1744                                 
bob.beeson@auraenergy.com.au   

Ann M Nahajski
Director
AMN Corporate
+61 (0)400 205 433
ann@amncorporate.com          

About Aura Energy

Aura Energy (ASX: AEE) is a metal explorer with projects in Australia, Sweden and Africa. The Company has assembled an exceptional portfolio of properties on three continents, including a major presence in Sweden?s Alum Shale Province, one of the largest depositories of uranium in the world. The Company has been very active in the past year, with drilling on all three continents.  Aura is a major landholder in the mineralised Alum Shale of northern Sweden. The Alum Shale locally contains exceptionally large resources of uranium, vanadium, molybdenum and nickel. Aura?s near-term strategy is to develop an inferred resource of 1-3 billion tonnes of material grading 160ppm or higher, excluding other metal credits, in this region.
 
Aura and its partner GCM Resources plc have identified several areas of medium to high grade uranium in Mauritania at surface. Aura considers that there are good possibilities for bulk mineable uranium resources here in this mining-friendly African country. Aura is building a portfolio of calcrete uranium deposits in Western Australia, based around its JORC-compliant resource at Wondinong, near Mt Magnet. Also in this state, encouraging mineralised intersections of sandstone-hosted uranium have been encountered in its Gunbarrel JV with Mega Uranium.
 
Aura?s management team and staff are highly experienced in uranium exploration, including involvement in a number of historical discoveries.

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