REG - Aura Energy Limited - Appointment of Chief Financial Officer

Aura EnergyAnnouncement

26/03/2024 07:15

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RNS Number : 3007I  Aura Energy Limited  26 March 2024

 
                                                                                                                         26 March 2024

 

 Appointment of Chief Financial Officer

 

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or "the Company") is pleased
to announce the appointment of Mr Mark Somlyay to the newly created position
of Chief Financial Officer ("CFO"), commencing on 22 April 2024.

Mr Somlyay has more than 20 years' experience in finance, commercial and
business improvement within the mining industry. Importantly, the majority of
his experience has been in West Africa and in francophone jurisdictions, where
he has been involved in the recent development of three greenfield projects.

Most recently Mark was Finance Director, Australia for Agnico Eagle Mines
Limited (TSX: AEM). Previously Mark was CFO at Chesser Resources Limited (ASX:
CHZ) a Senegal focused gold development company which was acquired by Fortuna
Silver Mines (TSX: FVI) in 2023. Prior to that, Mark was Group General Manager
Commercial at Perseus Mining Limited (ASX:PRU) where he was intimately
involved in the successful development and funding of both the Sissingué and
Yaouré gold mines in Côte d'Ivoire.

Mr Somlyay holds a Bachelor of Commerce from the University of Queensland and
an Australian CPA accreditation.

Aura's MD and CEO Andrew Grove commented:

"We are pleased to welcome Mark to the Aura Energy team. Mark's exceptionally
strong commercial skills as well as his recent development, operational and
funding experiences will be critical to assist Aura progress the Tiris Uranium
Project through to final investment decision, which is expected this year, and
then into production."

"Mark's appointment as CFO is another important step in the development of
Tiris and the steady progress in Mauritania is exciting. We look forward to
providing our shareholders with further updates as we achieve more milestones
during 2024."

 

ENDS

The Board of Aura Energy Ltd has approved this announcement.

This Announcement contains inside information for the purposes of the UK
version of the market abuse regulation (EU No. 596/2014) as it forms part of
United Kingdom domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MAR").

For further information, please contact:

 Andrew Grove                                   Paul Ryan                                                  SP Angel Corporate Finance LLP

 Managing Director and CEO                      Citadel-MAGNUS                                             Nominated Advisor and Broker

 Aura Energy Limited                            Investor & Media Relations                                 David Hignell

 agrove@auraee.com (mailto:Agrove@auraee.com)   pryan@citadelmagnus.com (mailto:pryan@citadelmagnus.com)   Kasia Brzozowska

 +61 414 011 383                                +61 409 296 511                                            Grant Barker

                                                                                                           +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 February 2024
FEED study demonstrated Tiris to be a near-term low-cost 2Mlbs U(3)O(8) pa
near term uranium mine with a 17-year mine life with excellent economics and
optionality to expand to accommodate future resource growth.

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 2.5Bt vanadium, sulphate of potash ("SOP")
and uranium resource. Utilising only 3% of the resource, a 2023 Scoping Study
outlined a 27-year mine life based on mining 3.5Mtpa.

Disclaimer Regarding Forward-Looking Statements

This ASX announcement (Announcement) contains various forward-looking
statements. All statements other than statements of historical fact are
forward-looking statements. Forward-looking statements are inherently subject
to uncertainties in that they may be affected by a variety of known and
unknown risks, variables and factors which could cause actual values or
results, performance or achievements to differ materially from the
expectations described in such forward-looking statements. The Company does
not give any assurance or guarantee that the anticipated
results, performance or achievements expressed or implied in those
forward-looking statements will be achieved.

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