October 17, 2008
Aura Energy entered into a heads of agreement with Sino King Enterprise Investment Limited, potentially worth A$460 million, to develop the company’s Storsjön project in central Sweden. Under the Agreement, Sino King has the right to acquire up to 80-percent of the project, which comprises seven granted exploration licences and one application covering 106 km2 in the proven Alum Shale uranium district.