Nov 13 (Reuters) - Aura Energy Ltd AEE.AX :
* COMMENCED A BROAD-BASED PROCESS OF COST MANAGEMENT VIA REDUCTION IN STAFF COSTS AND REDUCTION OF NON-CRITICAL ACTIVITIES
* EXPENDITURE ON GOLD AND VANADIUM ASSETS WILL BE MINIMAL WITH FOCUS ONLY ON CORPORATE TRANSACTIONS AND/OR IPO OR SPIN-OUTS OF THOSE ASSETS