Looking at 10bagger easy here23 May 2018 09:10
23 May 2018
AURA ENERGY LIMITED
(�Aura� or the �Company�)
NEW RESOURCE ESTIMATE � H�GG�N BATTERY METALS PROJECT
SIGNIFICANT NEW HIGH-GRADE VANADIUM ZONE DEFINED
90 MILLION TONNES @ 0.42% V2O5
NEWLY DEFINED HIGH-GRADE ZONE VANADIUM ONLY 20 METRES FROM SURFACE AND EXTENDING TO APPROXIMATELY 100 METRES DEPTH
SHALLOW MINING DEPTHS WILL PROVIDE MAJOR BOOST TO PROJECT ECONOMICS IN EARLY YEARS
Aura Energy Limited (ASX: AEE, AIM:AURA) is pleased to advise that the results from its H�gg�n Battery Metals Project in Sweden orebody modelling study has defined a significant high-grade Vanadium zone close to surface and resulted in a new overall resource estimate.
The orebody modelling, which confirmed the Global Resource of 15.1 Billion lbs V2O5, was also designed to review the potential for higher grade vanadium zones in the H�gg�n deposit at a range of cut-off grades.
The Resource Estimate was determined under the JORC Code (2012 Edition).
Importantly, the modelling work defined a new significant high grade near-surface Vanadium zone of 90 million tonnes at 0.42% V2O5 at a 4000ppm cut-off.