Aura Energy Limited Holding(s) in Company (0121E)

TIDMAURA

RNS Number : 0121E

Aura Energy Limited

25 October 2022

Aura Energy Limited

("Aura" or the "Company")

Holdings in Company

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"), has received notification that Macquarie Group Limited ("MQG") now holds 49,626,342 ordinary shares, representing 9.35 per cent. of the Company's issued share capital and voting rights.

For Further Information, please contact:

 
 David Woodall                    Jane Morgan 
  Managing Director and CEO        JMM 
  Aura Energy Limited              Investor & Media Relations 
  info@auraenergy.com.au           info@janemorganmanagement.com.au 
                                   +61 405 555 618 
 SP Angel Corporate Finance LLP   WH Ireland Limited 
  (Nominated Advisor and Joint     (Joint Broker) 
  Broker)                          Jessica Cave 
  David Hignell                    Andrew de Andrade 
  Kasia Brzozowska                 +44 (0) 207 220 1666 
  +44 (0) 203 470 0470 
                                 ----------------------------------

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.

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October 25, 2022 03:58 ET (07:58 GMT)

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