REG - Aura Energy Limited - Aura granted new exploration tenement in Sweden

Aura EnergyAnnouncement

Mon 07:10

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RNS Number : 6435I  Aura Energy Limited  24 November 2025

 

 

                                                                             24 November 2025

Aura Energy granted new exploration tenement in Sweden.

HIGHLIGHTS

Sweden's Mining Inspectorate has granted Aura Energy an exploration permit for
a new 1000-hectare tenement adjacent to Aura's existing Häggån tenement.

 

 

Commentary

Philip Mitchell Executive Chairman said:

"We are delighted to have been granted a new exploration permit for the
Gräsmyråsen nr 1 tenement which will supplement our existing assets
including the adjacent Häggån Nr 1 tenement and allow continued exploration
of this high potential area."

Map showing Gräsmyråsen nr 1 alongside the existing Aura tenements.

 

 

Additional information

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is pleased
to advise that Sweden's Mining Inspectorate 'Bergsstaten' has granted to
Aura's Swedish subsidiary Vanadis Battery Metals AB an exploration permit for
the Gräsmyråsen nr 1 tenement in Jämtland.

The Gräsmyråsen tenement, which covers an area of 1012.12 hectares, lies to
the west of, and adjacent to, Vanadis's existing Häggån nr 1 tenement, which
contains a 2.5 billion tonne polymetallic mineral resource including U(3)O(8)
grade of 155ppm at a cut-off of 100ppm U(3)O(8), for contained U(3)O(8) of 800
Mlbs (( 1 )). The permit has validity until November 20, 2028.

Tenement name and no: Gräsmyråsen nr 1, no 2025:111

Nature of interest: Exclusive rights to conduct exploration within the
tenement boundaries, subject to the provisions of the Mineral Act.

Ownership: 100% owned by Vanadis Battery Metals AB, a wholly owned subsidiary
of Aura Energy Limited

Approximate area: 1012.12 hectares

Gräsmyråsen nr 1 borders two of Aura's previous tenements, Möckelåsen nr 1
and Häggån nr 1. Adding Gräsmyråsen nr 1 to the portfolio allows for the
possibility of expanding the adjacent Häggån nr 1 Mineral Resources, part of
which has a pending concession application, Häggån K nr 1. The location
between the two earlier tenements also adds coordination benefits, making
exploration work more efficient and cost effective.

On November 5th, 2025, the Swedish government voted, with effect from 1
January 2026, to lift the ban on uranium exploration and exploitation in the
country that has been in place since 2018.

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 is an Australian-based mineral company with major uranium and
polymetallic projects in Africa and Europe.

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.

The Company is focused on developing a uranium mine at the Tiris Uranium
Project, a major greenfield uranium discovery in Mauritania.

Beyond the Tiris Project, Aura owns 100% of the Häggån Project in Sweden.
Häggån contains a global-scale vanadium, sulphate of potash (SOP) 2  and
uranium 3  resource - see Appendix 1 below. Utilising only 3% of the resource,
a 2023 Scoping Study 4  outlined a 17-year mine life based on a 3.6Mtpa
production rate.

Included in the global Mineral Resource published on 22 August 2012,
"Outstanding Häggån uranium resource expands to 800 million pounds" is an
Inferred Mineral Resource of 2.35 billion tonnes with U(3)O(8) grade of 155ppm
at a cut-off of 100ppm U(3)O(8), for contained U(3)O(8) of 800 Mlbs(1). This
information was prepared and first disclosed under the JORC Code 2004. It has
not been updated since to comply with the JORC Code 2012 on the basis that the
information has not materially changed since it was last reported.

There is a low level of geological confidence associated with Inferred Mineral
Resources and there is no certainty that further exploration work will result
in the determination of Indicated Mineral Resources or that the production
target itself will be realised.

The Company is not aware of any new information or data that materially
affects the estimates of the Häggån Mineral Resources Estimates. All
material assumptions and technical parameters underpinning the estimates in
the relevant market announcement continue to apply and have not materially
changed.

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.

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 and AIM announcement:

1.     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.     22 Aug 2012 - Outstanding Häggån Uranium Resource expands to 800
million pounds

2.     10 Oct 2019 - Häggån Battery Metal Project Resource Upgrade
Estimate

All material assumptions and technical parameters underpinning the Tiris and
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
announcements.

 

Appendix 1: Mineral Resource and Ore Reserve statement

 

Häggån Mineral Resource (JORC 2012)(1) - V(2)O(5) cut-off grades
 V(2)O(5)      Class      Tonnes  V(2)O(5)  K(2)O  Mo      Ni      Zn      V(2)O(5)

 (cut-off %)              (Mt)    (%)       (%)    (ppm)   (ppm)   (ppm)   (Mlbs)
 0.1           Indicated  45      0.34      4.11   213     365     501     332
               Inferred   2,503   0.27      3.37   200     312     433     14,873
 0.2           Indicated  42      0.35      4.13   217     375     512     320
               Inferred   1,963   0.30      3.80   212     337     463     13,010
 0.3           Indicated  61      0.38      4.22   223     398     536     258
               Inferred   954     0.35      3.95   226     374     503     7,390
 0.4           Indicated  11      0.44      4.46   225     429     580     101
               Inferred   113     0.43      4.25   232     419     562     1,072

1          For further information please refer to the ASX and AIM
Release: 10 October 2019 - Häggån Battery Metal Project Resource Upgrade
Estimate Successfully Completed
(https://api.investi.com.au/api/announcements/aee/f249c6b1-e89.pdf) .

Häggån Mineral Resource (JORC 2004)(2) - 100ppm U(3)O(8) cut-off grade
 U(3)O(8) (100ppm cut-off)  Tonnes (Mt)  U(3)O(8) (ppm)  Mo      V       Ni      Zn      U(3)O(8) (Mlbs)

(ppm)
(ppm)
(ppm)
(ppm)
 Inferred                   2,350        155             207     1,519   316     431     800

Contained metal shown for U(3)O(8) only.

Significant figures quoted do not imply precision and are to minimise
round-off errors.

 

2           For further information please refer to the ASX and AIM
Release: 22 August 2012 - Outstanding Häggån Uranium Resource expands to 800
million pounds
(https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2995-01325148-6A600962&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6)
.

 1  ASX and AIM Release: 22 Aug 2012 - Outstanding Häggån Uranium Resource
expands to 800 million pounds

 2  ASX and AIM Release: 10 Oct 2019 - Häggån Battery Metal Project Resource
Upgrade Estimate

 3  ASX and AIM Release: 22 Aug 2012 - Outstanding Häggån Uranium Resource
expands to 800 million pounds

 4  ASX and AIM Release: 5 Sept 2023 - Scoping Study Confirms Scale and
Optionality of Häggån

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