REG - Aura Energy Limited - DFC publishes ESIA for Tiris Uranium Project

Aura EnergyAnnouncement

27/06/2025 07:00

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RNS Number : 7248O  Aura Energy Limited  27 June 2025

 

 

                                                                                                                             27 June 2025

 

DFC publishes ESIA for Tiris Uranium Project

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is pleased
to advise that the U.S. International Development Finance Corporation (DFC)
has published the Environmental and Social Impact Assessment (ESIA) for the
Company's Tiris Uranium Project (Project) on its website. This is a
significant milestone for the DFC's potential debt financing for a portion of
the total Project funding requirements.

The ESIA is now open for public comment and can be accessed via the DFC's
Environmental and Social Impact Assessments portal:

 

https://www.dfc.gov/what-we-offer-eligibility-our-investment-policies/environmental-and-social-impact-assessments
(https://protect.checkpoint.com/v2/r04/___https:/www.dfc.gov/Bmfy-Bj-tkkjw-jqnlngnqnyD-tzw-nsAjxyrjsy-utqnhnjxdjsAnwtsrjsyfq-fsi-xthnfq-nrufhy-fxxjxxrjsyx___.Y3A0YTplbi1hZWU6YzpvOjc2ODU4NDhlZTJiMWU4MTdkNzNkYjZkNDIwMzM1OWE2Ojc6NzVmZjowZWY4YzY3MWYyM2YyNzFlY2UzMDc0ODEyYWI5YWUyYjc1NjAxMzM5NTExMWI1MmE5YjMzY2UzMWJjMjBmM2QzOnA6VDpU)

 

The publication of the ESIA reflects the commitment of Aura and the Tiris
Uranium Project to produce positive developmental impacts, including
environmental stewardship, social responsibility, and strategic development.

This marks a key milestone in Aura's engagement with the DFC, including a
Project site visit in April 2025, and represents the next step in Aura's
application for Project financing.

Discussions with other funding groups and potential strategic equity investors
are also well advanced, with due diligence and term sheet negotiations
underway.

 

Aura Energy Managing Director and Chief Executive Officer, Andrew Grove
commented:

"The publication of the ESIA by the DFC is a pivotal moment for Aura and the
Tiris Uranium Project. It reflects the progress we've made in aligning our
development plans with international best practices and the expectations of
global financiers. We are excited to be advancing through the DFC's due
diligence process and with other potential funding parties as we move toward a
final investment decision and realising the significant value in the Tiris
Uranium Project."

 

 

 

 

 

END

 

 

 

 

Authorisation for release

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

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                 Andrew Grove

 Executive Chair                 Managing Director and CEO

 Aura Energy Limited             Aura Energy Limited

 pmitchell@auraee.com            agrove@auraee.com (mailto:agrove@auraee.com)

                                 +61 414 011 383

 SP Angel Corporate Finance LLP  Tamesis Partners LLP

 Nominated Adviser               Broker

 David Hignell                   Charlie Bendon

 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  and Production Target Update 2  demonstrates Tiris to be a near-term
low-cost uranium mine producing 2Mlbspa U(3)O(8) 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 
and uranium 4  resource. Utilising only 3% of the resource, a 2023 Scoping
Study 5  outlined a 17-year mine life based on a 3.6Mtpa production rate.

Please note: 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.

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 announcements:

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

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

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

4.     13 Dec 2024 - Tiris Uranium Project Alternative Production Targets

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.     20 Dec 2024 - Amendment - Tiris Ore Reserve Update

3.     16 Dec 2024 - Substantial increase in Tiris Uranium Project Ore
Reserves

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.

 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

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