This uranium and potential lithium explorer had nothing fresh to report to shareholders and the ASX this morning, but it seems to be well up, along with a few other competitors, on the growing uranium narrative.
With current US domestic uranium production at next to nothing, Aurora Energy Metals (ASX:1AE) is in an interesting position as it seeks to develop its Aurora Energy Metals Project (AEMP) in southern Oregon, near the Nevada border.
In this episode, Pete sits down with Greg Cochran, managing director at Aurora Energy Metals (ASX:1AE).
1AE’s namesake project in the US has one of the country’s largest uranium deposits — 104.3Mt @ 214ppm U3O8 for 50.6Mlb U3O8 – but also contains lithium in the sediments overlying and surrounding the uranium resource.
This explorer is focused on advancing its Aurora Energy Metals Project (AEMP) in south-eastern Oregon where a multi-phase exploration program is designed to grow the shallow basement uranium resource while also defining lithium mineral resources.
Assays conducted on drill core from its 2011 drilling program at the company’s Aurora Energy Metals Project in Oregon, USA has confirmed widespread lithium intersections in sediments overlying the Aurora Uranium Deposit.