Last checked at 18 Mar 2024 07:00
18 March 2024
Release of Unlisted Options from Escrow |
Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") hereby gives notice that 384,616 Unlisted Options expiring 30 June 2024 and exercisable at $0.052 each (ASX code: AEEAAB) were released from escrow on 17 March 2024.
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 | SP Angel Corporate Finance LLP Nominated Advisor and Broker David Hignell Kasia Brzozowska Grant Baker +44 (0) 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 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.