REG - Aura Energy Limited - Appendix 3H

Aura EnergyAnnouncement

14/01/2025 11:30

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RNS Number : 2849T  Aura Energy Limited  14 January 2025

 

 

                                                                                                                             14 January 2025
Appendix 3H

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 3H (notification of cessation of securities) form has been
filed with the Australian Securities Exchange ("ASX"), relating to the
cancellation of 80,000 zero priced options ("ZEPOs") as a result of an over
allocation. The ZEPOs had been due to expire on 30 June 2029.

To view the Appendix 3H, click here:
http://www.rns-pdf.londonstockexchange.com/rns/2849T_1-2025-1-14.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2849T_1-2025-1-14.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

For further information, please contact:

 Andrew Grove                                 SP Angel Corporate Finance LLP  Tamesis Partners LLP

 Managing Director and CEO

                                            Nominated Adviser               Broker
 Aura Energy Limited

 grove@auraee.com (mailto:grove@auraee.com)   David Hignell                   Charlie Bendon

 +61 414 011 383

                                            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 U3O8 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 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.

 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

 

Disclaimer Regarding Forward-Looking Statements

This 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.

The Company has concluded that it has a reasonable basis for providing the
forward-looking statements and production targets included in this
announcement and that material assumptions remain unchanged. The detailed
reasons for this conclusion are outlined throughout this announcement, and in
the ASX Releases:

1.     29 March 2023 - Tiris Uranium Project Enhanced Definitive
Feasibility Study

2.     28 February 2024 - Aura's Tiris FEED Study returns Excellent
Economics

3.     11 Sep 2024 - Updated Production Target Improves Economics at Tiris

4.     5 September 2023 - Scoping Study Confirms Scale and Optionality of
Häggån

The Company confirms that it is not aware of any new information materially
affecting the information included in the ASX and AIM announcements:

1.     12 June 2024 - Aura increases Tiris Mineral Resources by 55% to
91.3Mlbs U(3)O(8)

2.     16 Dec 2024 - Substantial increase in Tiris Uranium Project Ore
Reserves

3.     22 Aug 2012 - Outstanding Häggån Uranium Resource expands to 800
million pounds

4.     10 Oct 2019 - Häggån Battery Metal Project Resource Upgrade
Estimate

All material assumptions and technical parameters underpinning the Häggån
Project Mineral Resources Estimates continue to apply. The Company confirms
that the form and context in which the Competent Person's findings are
presented have not been materially modified from the original market
announcement.

 

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