15 March 2024
Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") announces that the Company has requested the Australian
Securities Exchange ("ASX") to immediately halt trading in its
shares quoted on the ASX in accordance with ASX Listing Rule 17.1,
pending a further announcement from the Company regarding a private
equity placement.
The Company expects trading in its
shares to resume on the ASX either when the expected announcement
is made, or upon market open on the ASX on Tuesday 19 March 2024,
whichever is the earlier, and will provide the market with an
update in due course.
Trading in the Company's ordinary
securities will continue to trade as normal on AIM, a market
operated by the LSE, during this period.
The full
version of the ASX announcement can be seen here: http://www.rns-pdf.londonstockexchange.com/rns/0192H_1-2024-3-15.pdf
ENDS
The Managing Director & CEO of
Aura Energy Ltd has approved this announcement.
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
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SP
Angel Corporate Finance LLP
Nominated Advisor and
Broker
David Hignell
Kasia Brzozowska
Grant Baker
+44 (0) 203 470 0470
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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 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.