Aura Energy Interim Loss Widens As It Works On Uranium Projects

LONDON (Alliance News) - Aura Energy Ltd on Thursday reported a wider interim loss, as it ...

Alliance News 7 March, 2019 | 11:09AM
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LONDON (Alliance News) - Aura Energy Ltd on Thursday reported a wider interim loss, as it continues to progress its various projects around the world.

Aura posted a pretax loss of AUD1.4 million for the six months to December, from AUD931,680 in the same period a year prior.

The company has no producing assets, so reported no revenue.

Highlights during the period included exploration licences granted in Mauritania at Ain Sder and Oued el Foule Est.

Aura has been working on completing the feasibility study for its Tiris uranium project in Mauritania, while it has also been working on getting to a scoping study for the Haggan uranium project in Sweden.

Aura said the uranium market has improved since September, with the price rising, mainly due to supply cuts from Canada and Kazakhstan.

Shares were down 3.0% on Thursday at 0.80 pence each.

By George Collard;

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Aura Energy Ltd 0.65 GBX 0.00 -
Aura Energy Ltd 0.01 AUD -7.14 -
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