REG - Aura Energy Limited - Uranium Specialist Patrick Mutz Joins Aura Board

Aura EnergyAnnouncement

18/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220518:nRSR9072La&default-theme=true

RNS Number : 9072L  Aura Energy Limited  18 May 2022

                                                                                                                                18 May 2022

 

Uranium Specialist Patrick Mutz Joins Aura Board

 

KEY POINTS:

·    Patrick Mutz appointed as Non-Executive Director, specialising in
uranium projects and contributing 40 years of international mining experience
across technical, managerial, consulting, executive and director roles.

·    Former MD & CEO of African focussed uranium company, Deep Yellow
(ASX:DYL) and Alliance Resources (ASX:AGS).

·    Holds uranium operational experience in open cut, underground, and
in-situ mining and related processing.

·    Currently MD & CEO of Image Resources (ASX:IMA), which he drove
into production to become a profitable mining company, with early repayment of
debt.

·    Significant experience in transitioning companies from explorers to
producers.

·    Mr Mutz's experience and skillset complements that of the existing
Board, further bolstering the team as Aura fast-tracks to near term uranium
production at Tiris.

 

Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company") a company
focused on the development of the 85% owned Tiris Uranium Project, Mauritania
("Tiris", or the "Project"), is pleased to announce the appointment of Patrick
Mutz as an independent Non-Executive Director of the Company effective
today.

Specialising in uranium projects in the USA, Australia and Africa, Mr Mutz
holds over 40 years of international mining experience across technical,
managerial, consulting, executive and director roles, across all aspects of
the mining industry from exploration through to project development, mining
and mine rehabilitation.  He also has uranium operational experience in open
cut, underground, and in-situ mining and related processing.

He formerly held the roles of Managing Director & CEO of African focussed
uranium company, Deep Yellow (ASX:DYL), and Alliance Resources (ASX:AGS).  Mr
Mutz also held the roles of General Manager and Managing Director of General
Atomics Technology Co in California, USA, a company specialising in research
and technology development, including physics research in support of nuclear
fission and nuclear fusion technology.

Mr Mutz also previously served as Managing Director and CEO of a number of
private mining companies based in Australia, primarily involved with project
development and transitioning companies from exploration to production.

Mr Mutz is currently Managing Director & CEO of Image Resources (ASX:IMA)
("Image"), a Western Australian mineral sands mining company, where he led
Image through the successful transition from advanced explorer to profitable
mining company, including feasibility study, capital raising, construction,
rapid commissioning and full production that led to early repayment of all
debt and payment of annual dividends after only the second and third years of
operation.  Mr Mutz holds a Bachelor of Science with Honours and an MBA, both
from the University of Phoenix, and is a Fellow of AusIMM.

Commenting on his appointment, Mr Mutz said, "I am delighted to be joining the
Aura Energy Board, and especially at a time of strengthening demand for new
supplies of uranium as governments around the world are reassessing the
importance of nuclear power as a critical technology in the transition to
low-carbon global energy generation."

"With my experience in uranium projects across several jurisdictions and
stages of development, I look forward to contributing value to Aura, as the
Company advances to near term uranium production."

Aura Non-Executive Chairman, Phil Mitchell, commented: "We welcome Patrick to
the Board of Aura Energy.  His experience complements the knowledge and
skillset of the existing Board, further positioning Aura with the right
expertise to advance to fast-tracked uranium production at Tiris."

 

Mr Patrick Roy Mutz, aged 64, currently holds or has held the following
directorships and partnerships in the last five years:

 

 Current Directorships / Partnerships  Directorships / Partnerships in the last 5 years
 Image Resources NL                    N/A
 Craton Resources Pty Ltd
 Titon Resources Pty Ltd
 Titan-DR Resources Pty Ltd
 Titan-SR Resources Pty Ltd

 

Mr Mutz does not hold currently hold any ordinary shares of 1 pence each in
the Company.

There is no further information to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules.

This ASX Release as authorised by the Aura Energy Board of Directors.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018.  Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

For Further Information, please contact:

 Will Goodall                                                                                                   Jane Morgan

 Acting CEO                                                                                                     JMM

 Aura Energy Limited                                                                                            Investor & Media Relations

 info@auraenergy.com.au                                                                                         info@janemorganmanagement.com.au (mailto:info@janemorganmanagement.com.au)
 (mailto:info@auraenergy.com.au?subject=Aura%20Energy%20(ASX:AEE)%20-%20Shareholder%20/%20Investor%20Enquiry)

                                                                                                              +61 405 555 618

 SP Angel Corporate Finance LLP                                                                                 WH Ireland Limited

 (Nominated Advisor and Joint Broker)                                                                           (Joint Broker)

 David Hignell                                                                                                  Jessica Cave

 Kasia Brzozowska                                                                                               Andrew de Andrade

 +44 (0) 203 470 0470                                                                                           +44 (0) 207 220 1666

 

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

Aura Energy is an Australian based minerals company that has major uranium and
polymetallic projects with large resources in Africa and Europe.

The Company is focused on uranium production the Tiris Project, an evolving
major greenfields uranium discovery in Mauritania, with Aura announcing a
Resource Upgrade in August 2021 of 10% or 5.0 million lb U(3)O(8) bringing the
total JORC Resource to 56 Mlbs (at a 100 ppm U(3)O(8) lower cut-off grade).

Aura also completed a capital estimate update for the Tiris Definitive
Feasibility Study, to reflect current global pricing, with these 2021 figures
reconfirming Tiris as one of the lowest capex, lowest operating cost uranium
projects.

In October 2021, the Company entered a US$10m Offtake Financing Agreement with
Curzon, which includes an additional up to US$10m facility, bringing the
maximum available under the agreement to US$20m.

In 2022, Aura will continue to transition from a uranium explorer to uranium
producer, to capitalise on the growing appetite for nuclear power as a
critical, baseload, near-zero-carbon energy source to help drive the global
shift towards decarbonising energy generation.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAGPUCCAUPPUAR