REG - Aura Energy Limited - ASX Trading Halt

Aura EnergyAnnouncement

15/03/2024 07:00

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RNS Number : 0192H  Aura Energy Limited  15 March 2024

 
                                                                                                                15 March 2024
 ASX Trading Halt

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") announces
that the Company has requested the Australian Securities Exchange ("ASX") to
immediately halt trading in its shares quoted on the ASX in accordance with
ASX Listing Rule 17.1, pending a further announcement from the Company
regarding a private equity placement.

The Company expects trading in its shares to resume on the ASX either when the
expected announcement is made, or upon market open on the ASX on Tuesday 19
March 2024, whichever is the earlier, and will provide the market with an
update in due course.

Trading in the Company's ordinary securities will continue to trade as normal
on AIM, a market operated by the LSE, during this period.

The full version of the ASX announcement can be seen here:
http://www.rns-pdf.londonstockexchange.com/rns/0192H_1-2024-3-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0192H_1-2024-3-15.pdf)

ENDS

The Managing Director & CEO of Aura Energy Ltd has approved this
announcement.

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 Baker

                                                                                                           +44 (0) 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 U3O8 pa near
term uranium mine with a 17-year mine life with excellent economics and
optionality to expand to accommodate 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.

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