REG - Aura Energy Limited - Resignation of Managing Director

Aura EnergyAnnouncement

20/10/2025 07:00

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RNS Number : 9995D  Aura Energy Limited  20 October 2025

 

 

                                                                                                                             20 October 2025
Resignation of Managing Director

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') advises
that Mr Andrew Grove has tendered his resignation as Managing Director and
Chief Executive Officer.  Whilst Andrew's resignation is effective
immediately, consistent with his contract, Andrew will continue to provide
Aura support for the ensuing six months.

Since joining Aura as a strategic consultant in January 2024, and subsequently
as Managing Director and Chief Executive Officer from 30 January 2024, Andrew
has driven and overseen significant progress at our flagship Tiris Uranium
project in Mauritania. We are grateful for his significant contribution to
progressing the project across all facets. Andrew has also helped position
Häggån polymetallic project for success, at a time when the Swedish
government is moving to repeal the ban on uranium mining.

The Board and management of Aura are grateful to Andrew for his significant
contributions, integrity, and dedication throughout his tenure, and take this
opportunity to extend their thanks for all his work and to wish him every
success with his future endeavours.

Executive Chair Philip Mitchell has been working closely with Andrew,
including the transition from non-executive chair to executive chair announced
on 10 June 2025. Mr Mitchell will continue in his role and assume
accountability for day-to-day operational management thereby ensuring
continuity, specifically regarding critical current workflows including
funding discussions with the U.S. International Development Finance
Corporation and potential strategic partners. A process to appoint a Lead
Independent Director from amongst the Non-Executive Directors has commenced.

ENDS

Authorisation for release

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

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:

 Philip Mitchell        SP Angel Corporate Finance LLP  Tamesis Partners LLP

 Executive Chair        Nominated Adviser               Broker

 Aura Energy Limited    David Hignell                   Charlie Bendon

 pmitchell@auraee.com   Adam Cowl & Devik Mehta         Richard Greenfield

 +44 7771 317302        +44 203 470 0470                +44 203 882 2868

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

Aura Energy Limited (ASX:AEE, AIM:AURA) is an Australian-based company focused
on the development of uranium and battery metals to support a cleaner energy
future. Aura is committed to creating value for host nations, local
communities, and shareholders through responsible and sustainable resource
development. Aura is advancing two key projects:

§ Tiris Uranium Project, Mauritania - A fully permitted, near-term
development asset with a potential long mine life. 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.

§ Häggån Polymetallic Project, Sweden - A globally significant deposit
containing vanadium, sulphate of potash, and uranium with potential long-term
value.

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