16 July 2024
Aura Energy Limited("Aura" or the "Company")
Holdings in Company
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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 a notification that Asean Deep Value Fund is now the beneficial holder of 68.849,699 ordinary shares, representing 8.75 per cent of the Company's issued share capital and voting rights.
The corresponding ASX Notification can be viewed via the following link :http://www.rns-pdf.londonstockexchange.com/rns/6254W_1-2024-7-16.pdf
For Further Information, please contact:
| Andrew Grove Managing Director and CEO Aura Energy Limited
| Paul Ryan Morrow Sadali Investor & Media Relations +61 409 296 511 | SP Angel Corporate Finance LLP (Nominated Advisor and Broker) David Hignell Kasia Brzozowska Grant Barker +44 (0) 203 470 0470 | |||||||||
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| About Aura Energy (ASX:AEE, AIM:AURA) |
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| | 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 p.a 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.
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