26 March 2024
Appointment of Chief
Financial Officer
|
Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or "the Company") is pleased to announce the
appointment of Mr Mark Somlyay to the newly created position of
Chief Financial Officer ("CFO"), commencing on 22 April
2024.
Mr Somlyay has more than 20 years'
experience in finance, commercial and business improvement within
the mining industry. Importantly, the majority of his experience
has been in West Africa and in francophone jurisdictions, where he
has been involved in the recent development of three greenfield
projects.
Most recently Mark was Finance
Director, Australia for Agnico Eagle Mines Limited (TSX: AEM).
Previously Mark was CFO at Chesser Resources Limited (ASX: CHZ) a
Senegal focused gold development company which was acquired by
Fortuna Silver Mines (TSX: FVI) in 2023. Prior to that, Mark was
Group General Manager Commercial at Perseus Mining Limited
(ASX:PRU) where he was intimately involved in the successful
development and funding of both the Sissingué and Yaouré gold mines
in Côte d'Ivoire.
Mr Somlyay holds a Bachelor of
Commerce from the University of Queensland and an Australian CPA
accreditation.
Aura's MD and CEO Andrew Grove commented:
"We are pleased to welcome Mark to
the Aura Energy team. Mark's exceptionally strong commercial skills
as well as his recent development, operational and funding
experiences will be critical to assist Aura progress the Tiris
Uranium Project through to final investment decision, which is
expected this year, and then into production."
"Mark's appointment as CFO is
another important step in the development of Tiris and the steady
progress in Mauritania is exciting. We look forward to providing
our shareholders with further updates as we achieve more milestones
during 2024."
ENDS
The Board of Aura Energy Ltd has
approved this announcement.
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:
Andrew Grove
Managing Director and CEO
Aura Energy Limited
agrove@auraee.com
+61 414 011 383
|
Paul
Ryan
Citadel-MAGNUS
Investor & Media
Relations
pryan@citadelmagnus.com
+61 409 296 511
|
SP
Angel Corporate Finance LLP
Nominated Advisor and
Broker
David Hignell
Kasia Brzozowska
Grant Barker
+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 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 future 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.
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.