REG - Aura Energy Limited - Appendix 3X

Aura EnergyAnnouncement

Mon 09:15

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RNS Number : 9199Q  Aura Energy Limited  14 July 2025

 

 

                                                                                                                             14 July 2025
Appendix 3X

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company'), a Company
focused on the development of the 85% owned Tiris Uranium Project in
Mauritania and the 100% owned Häggån Polymetallic Project in Sweden, advises
that an Appendix 3X (notification of Director's Initial Interest) form has
been filed with the Australian Securities Exchange ("ASX"), relating to the
announced Appointment of Ousmane Kane as independent Non-Executive Director to
the Company on 10 July 2025.

To view the Appendix 3X, click here:
http://www.rns-pdf.londonstockexchange.com/rns/9199Q_1-2025-7-14.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9199Q_1-2025-7-14.pdf)

The above form is also available to vie on the Company's
website: https://auraenergy.com.au/investor-centre/
(https://auraenergy.com.au/investor-centre/)

 

ENDS

 

This announcement is authorised for release by the Board of Aura Energy Ltd.

 

For further information, please contact:

 Philip Mitchell                                      Andrew Grove

 Executive Chair                                      Managing Director and CEO

 Aura Energy Limited                                  Aura Energy Limited

 pmitchell@auraee.com (mailto:pmitchell@auraee.com)   agrove@auraee.com (mailto:agrove@auraee.com)

                                                      +61 414 011 383

 SP Angel Corporate Finance LLP                       Tamesis Partners LLP

 Nominated Adviser                                    Broker

 David Hignell                                        Charlie Bendon

 Adam Cowl                                            Richard Greenfield

 Devik Mehta                                          +44 203 882 2868

 +44 203 470 0470

 

About Aura Energy (ASX: AEE, AIM: AURA)

Aura Energy is an Australian-based mineral company with major uranium and
polymetallic projects in Africa and Europe.

The Company is focused on developing a uranium mine at the Tiris Uranium
Project, a major greenfield uranium discovery in Mauritania. The 2024 FEED
Study 1  (#_ftn1) and Production Target Update 2  (#_ftn2) demonstrates Tiris
to be a near-term low-cost uranium mine producing 2Mlbspa U(3)O(8) over a
25-year mine life with excellent economics and optionality to expand and to
accommodate future exploration success.

Aura plans to transition from a uranium explorer to a uranium producer to
capitalise on the rapidly growing demand for nuclear power as the world shifts
towards a decarbonised energy sector.

Beyond the Tiris Project, Aura owns 100% of the Häggån Project in Sweden.
Häggån contains a global-scale 2.0Bt vanadium, sulphate of potash (SOP)(( 3 
(#_ftn3) )) and Inferred Mineral uranium(( 4  (#_ftn4) )) Resource. Utilising
only 3% of the resource, a 2023 Scoping Study 5  (#_ftn5) outlined a 17-year
mine life based on a 3.6Mtpa production rate.

There is a low level of geological confidence associated with Inferred Mineral
Resources and there is no certainty that further exploration work will result
in the determination of Indicated Mineral Resources or that the production
target itself will be realised.

 1  (#_ftnref1) ASX and AIM Release: 28 Feb 2024 - FEED study confirms
excellent economics for the Tiris Uranium Project

 2  (#_ftnref2) ASX and AIM Release: 11 Sept 2024 - Updated Production Target
Improves Economics at Tiris

 3  (#_ftnref3) ASX and AIM Release: 10 Oct 2019 - Häggån Battery Metal
Project Resource Upgrade Estimate

 4  (#_ftnref4) ASX and AIM Release: 22 Aug 2012 - Outstanding Häggån
Uranium Resource expands to 800 million pounds

 5  (#_ftnref5) ASX and AIM Release: 5 Sept 2023 - Scoping Study Confirms
Scale and Optionality of Häggån

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