Half Year Report

Aura Energy Limited

13 March 2025

 

13 March 2025

Half Year Report

Aura Energy Limited (ASX: AEE, AIM: AURA) ("Aura" or the "Company") is pleased to announce that it has released its Interim Financial Report for the Half-Year ended 31 December 2024.

A full version of the Interim Financial report can also be viewed here: 
http://www.rns-pdf.londonstockexchange.com/rns/5333A_1-2025-3-13.pdf

The Interim Financial Report is also available on the Company's website at: www.auraenergy.com.au

Directors' Report

Your directors present their report on the consolidated entity consisting of Aura Energy Limited and the entities it controlled at the end of, or during, the half-year ended 31 December 2024.

Directors

The following persons were Directors of the Company during the whole of the Period and up to the date of this report, unless otherwise stated:

Mr Philip Mitchell, Non-Executive Chair

Mr Bryan Dixon, Non-Executive Director

Mr Warren Mundine, Non-Executive Director

Mr Patrick Mutz, Non-Executive Director

Mr Andrew Grove, Managing Director and Chief Executive Officer

Principal activities

The principal activities of the consolidated entity during the course of the Period were the development, exploration and evaluation of uranium in Mauritania, and exploration and evaluation of polymetallics in Sweden which also includes significant uranium resources.

There was no significant change in the nature of these activities during the Period.

Operations Review

Aura, an ASX and AIM-listed minerals exploration and development company, continued to advance its portfolio of uranium and polymetallic projects during the Period. The Company focused on progressing the development of the Tiris Uranium Project in Mauritania and the Häggån Polymetallic Project in Sweden, achieving key milestones outlined below. Aura remains dedicated to delivering shareholder value through responsible project development, operational efficiency, and disciplined capital management.

Tiris Uranium Project

The Tiris Uranium Project in Mauritania continues to progress towards development. During the first half of FY25, Aura achieved several key milestones in advancing Tiris:

·      Substantial Increase in Ore Reserves: On 20 December 2024, Aura announced a 49% increase in Ore Reserves[1], following a 55% Mineral Resource Estimate increase in June 2024[2]. The total Ore Reserve now stands at 62.8 million tonnes at 243 ppm U₃O₈, containing an estimated 33.6 million pounds of U₃O₈

·      Successful Capital Raising: Aura secured A$9 million[3] (before costs) through a placement to professional and sophisticated investors, including A$6.5 million from Sachem Cove Partners LLC. The funds will support development activities at Tiris beyond the Final Investment Decision (FID), expected in early 2025, with production targeted for late 2026/early 2027

·      Updated Production Target and Option Study: In September 2024, the company released its production update reflecting the improved project economics, with an NPV₈ was US$499 million, and internal rate of return (IRR) of 39% and a 2.25 year payback period[4]. The life of mine post tax cash flows is US$1,509 million. On 13 December 2024, the company released that it had evaluated options to increase production capacity at Tiris from the third year of operations. The most prospective scenario involves expanding the mining rate to 6,250,000 tonnes per annum, potentially increasing annual production to approximately 3,000,000 pounds of U₃O₈. This expansion could enhance the project's net present value 8 by 9% to US$544 million, increase the IRR to approximately to ~45% post tax, and boost post tax, average annual cash flows by 37%

·      Advancement of Engineering and Early Works: Engineering contractor Wood was appointed to undertake a basic engineering and early works definition program, while ECG Engineering was engaged to develop a cost-effective power generation solution for Tiris⁴

·      Other Key Developments:

o  Secured all material permits to allow the construction and operation of Tiris[5]

o  Contracted Orano NPS, the leading international company specialising in the transportation of radioactive materials for the future uranium oxide concentrate (UOC) shipments from Tiris to international converters⁶

o  Completed the restructure of the uranium offtake agreement with Curzon Uranium Ltd[6]

o  Commenced Hydrogeological drilling and long-term pump testing of the Taoudeni Basin (~100km south of the Tiris uranium project) and the C22 borefield (~30km from the Tiris uranium project) with several high yielding targets intersected[7]

o  Progressed discussions for sourcing project finance (debt and equity) to fund the development of the Tiris Uranium Project

The Tiris Uranium Project also holds significant potential for further Mineral Resource and Ore Reserve growth around Tiris East, and across northern Mauritania within Aura's 13,000km2 of tenements under application^[8].

These developments reinforce Aura's commitment to advancing Tiris towards production, improving economic viability, and exploring future growth opportunities.

Looking ahead to the second half of FY25, Aura will continue developing the Tiris Uranium Project, including basic engineering and early works definition, completion of water borefield testing, engineering, procurement and construction management (EPCM) documentation and progressing funding opportunities for the development of the project.

These advancements validate the robust nature of the project, extending mine life, enhancing economics, and de-risking project delivery as the Company moves towards FID in 2025 and operations in 2027.

Häggån Polymetallic Project

Since 1 July 2024, Aura has made progress in advancing Häggån:

·      Exploitation Permit Application Submitted: On 5 September 2024, Aura submitted an exploitation permit application for the Häggån K nr 1 area to the Swedish Mining Inspectorate, a critical step toward securing project development approvals[9]

Additionally, on 20 December 2024, a Swedish government inquiry recommended lifting the national ban on uranium mining, in place since 2018. The proposal suggests regulating uranium as a concession mineral under the Minerals Act, allowing economically viable deposits to be developed. If adopted, the legislation is expected to take effect on January 1, 2026.

Aura welcomed this recommendation, highlighting that the Häggån Project contains approximately 800 million pounds of uranium[10]. The Company stated that the project 'could meet Sweden's needs for over 300 years at current usage levels'[11].

These developments underscore Aura Energy's commitment to advancing the Häggån Project and the potential for future uranium extraction in Sweden, pending legislative changes.

Corporate

During the Period, Aura appointed Mr Mohamed El Moctar Mohamed El Hacene as Country Manager, Mauritania. Mr. Hacene, a highly experienced Mauritanian national, previously served as the country's Minister of Petroleum and Mines from 2007 to 2008, during which time uranium was first discovered at Tiris by Aura.

On 10 July 2024, the Company allotted 1,543,958 fully paid ordinary shares in the capital of the Company ("Shares") to the option shortfall funding underwriter's nominees, at the share issue price of A$0.052 per Share.

On 15 August, the Company announced the completion of the previously announced restructure of the uranium offtake agreement with Curzon Uranium Ltd.^[12] ("Curzon") which materially increased the price receivable for planned uranium production at the flagship Tiris Uranium Project (the "Project"), while releasing significant value for the Project. Pursuant to the agreements:

§ Curzon received the US$3.5M (A$5.4M) restructuring fee in 29,914,530 Aura shares priced at A$0.18 per share ("Restructuring Fee Shares"). These shares remain escrowed until first production from the Project

§ Aura made a private placement to Curzon of 29,914,530 Aura shares, valued at US$3.5M (A$5.4M) in aggregate ("Placement Shares") with 50% of these Shares escrowed until the earlier of 30 June 2025 or when FID is made on the Project

§ Aura also issued 5,982,906 unlisted free attaching options ("Options") to Curzon on the basis of one Option for each five Placement Shares, priced at A$0.20 per option and expiring 1 September 2025

§ In aggregate, Curzon has been issued 59,829,060 new shares in Aura and 5,982,906 Options

On 17 December 2024, Aura successfully raised A$9 million (before costs) through a placement to accelerate the development of the Tiris Uranium Project. The funds will be used to progress development activities beyond FID, including early works expected in 2025, with production targeted for late 2026 / early 2027. Petra Capital Pty Limited acted as the sole lead manager and bookrunner for the placement^[13].

Following shareholder approval in November 2024, 7,837,210 Zero Priced Options (ZEPO's) were issued to Directors, with 1,500,000 expiring 25 November 2029 and 6,337,210 expiring 30 June 2029.

In addition, 14,126,998 ZEPO's expiring 30 June 2029 with performance-based vesting conditions were issued to employees.

Financial Review

The Group's consolidated net loss for the half year ended 31 December 2024 after providing for income tax amounted to $11,247,222 (31 December 2023: $2,987,251). 

The loss for the period is primarily driven by:

§ Employee benefits of $721,729 (2023: $1,175,696)

§ Corporate & administrative expenses of $2,363,435 (2023: $1,423,601)

§ Share based payment expenses of $5,791,240 (2023: $523,173)

§ Impairment expenses of the Group's Tasiast South Gold Exploration and Evaluation assets of $2,630,088 (2023: nil)

The Group held net assets of $63,722,132 as at 31 December 2024 (30 June 2024: $55,068,420), including cash and cash equivalents of $20,593,775 (30 June 2024: $16,470,818).

Refer to the preceding "Operations Review" section for further details on the operations of the Company.

Key Risks

Management of the business and the execution of the Board's strategy are subject to a number of key risks and uncertainties, our approach to managing these is detailed below:

Health and safety

Exploration and mining include safety risks from both internal and external factors and require necessary precautions to be put in place to minimise adverse outcomes. The most prominent risk, due to the geological spread of exploration activities, is associated with the transportation of personnel to and from project sites, particularly the risk of road injuries and fatalities. The Company has in place an OH&S policy that is required to be adhered to at all times by its employees and contractors and will implement additional policies and protocols as activity ramps up, including transportation standards policies, vehicle safety checks and establishing emergency response protocols.

Tenure Risks

Mining and exploration tenements are subject to periodic renewal, and there is no guarantee that the Company's current or future tenements or applications will be approved. The Company's tenements in Mauritania and Sweden must comply with the respective mining acts, and maintaining, renewing, or obtaining additional exploration or mining licenses depends on securing the necessary statutory approvals and fulfilling the required conditions of the permits, such as development obligations and milestones.

A requirement of the Tiris mining convention requires the permit holder to initiate mining operations or project development within 24 months of receiving the operating permits. Whilst the date upon which the permit was granted and thus when the 24-month period commenced is subject to different interpretations, it is understood that the Ministry may believe that the 24 month expired in January 2025.  Nevertheless, the Mining Code permits the Minister to either extend the development period under specific conditions and or to issue a permit default notice if the projects development doesn't occur within the specified timeframe 

Crucially, the Company has received legal advice concluding that the Permits held by Tiris Ressources SA, are valid and in full force and the Minister has not issued a default notice in relation to Tiris's tenure. Friendly collaborative discussions with the Ministry are ongoing regarding a 36-month extension for the development of the Tiris Uranium Project, including meeting production by early 2027. 

Financing discussions are well advanced and expected to conclude by mid-2025. The Company has also significant ongoing works programs at the Project including water development, engineering and requests for tenders around project development as well as building the in-country team to deliver the Project. The Company remains in frequent dialogue with the Ministry, is working collaboratively with the government to encourage investment into Mauritania and is confident of the continued support of the relevant authorities. The Directors are confident that the negotiations will be concluded satisfactorily, allowing for the Company to progress to production within the above time frame.

At Häggån an Exploitation Permit application for Häggån K nr 1 was submitted to the Swedish Mining Inspectorate in August 2024. The Swedish Mining Inspectorate considers the Exploitation Permit application the Häggån no 1 exploration license remains valid. The Company believes these applications will be considered favourably due to the considerable expenditure and work undertaken over the Project to date.

There is no assurance that the renewals or applications will be granted on a timely basis or without any new conditions, such as increased expenditure or work commitments. The imposition of new conditions or the inability to meet those conditions may adversely affect the operations, financial position and/or the performance of the Company. Additionally, the Company cannot guarantee that tenement applications or renewals will be granted in full, in part, or on a timely basis.

Exploration and Development Risks

Mineral exploration and development activities are inherently risky. There is a risk that the feasibility study and associated technical work may not achieve the expected results and that a failure to develop and operate projects in accordance with expectations could negatively impact results of operations and the company's financial position. Risks to the Company's development projects include the ability to acquire and/or obtain appropriate access to property, regulatory approvals, supply chain risks, construction and commissioning risks.

Community/Social Risk

The Group's operations take place amidst varying cultural practices. The evolving expectations of these communities are managed through active community engagement, development and implementation of community relations strategies based on stakeholder concerns and maintaining strong relationships with communities and delivering on its commitments.

Regulatory and Compliance Risk

The company faces challenges related to new or evolving regulations and standards that are beyond its control. These regulations are often complex and challenging to predict. Opportunities for growth and development may be at risk due to changes to fiscal or regulatory frameworks, adverse changes in tax or other law, differences in sustainability standards and practices, or shifts in existing political, judicial, or administrative policies, as well as evolving community expectations.

Anti-Bribery and Corruption Risk

Aura has a clear policy alongside internal controls and procedures aimed at mitigating risks associated with Anti-Bribery and Corruption, includes providing training and compliance programs to both employees and contractors. These programs address various risks and associated scenarios, including unauthorised payments or offers of payments involving employees, agents, or distributors, which could potentially violate relevant anti-corruption laws.

Operations in Foreign Jurisdictions

The Company operates in foreign jurisdictions, specifically in Mauritania and Sweden, where its projects are located. These projects are exposed to various risks, including the potential for unfavourable political and economic changes, fluctuations and controls related to foreign currency, civil unrest, political upheavals, or conflicts. Furthermore, unforeseen events can curtail or interrupt operations on these properties, restrict capital movement, or lead to increased taxation. The Company remains proactive and closely monitors the political and economic landscapes of the jurisdictions in which it operates.

Market Risk

The Company is developing mineral projects with the intention to produce commodities for sale across a variety of markets. Forecast of supply and demand dynamics and the pricing that may be received for those products is inherently complex and subject to factors outside of the Company's control. There is a risk that factors outside of the Company's control may negatively affect markets. These factors could include geopolitical events, over supply or reduced demand. The Company mitigates this risk through efforts to engage offtake contracts to ensure consistency in pricing and through diversification of products.

Funding Risk

The Company will require additional funding to bring the Tiris Uranium Project into production and advance the Häggån Polymetallic Project. There is a risk that funding may not be available on acceptable terms for these projects. The Company seeks to mitigate this risk by diversifying potential funding sources between debt, equity, joint venture partnering and other options. Additional work to de-risk technical, social, environmental and permitting will increase the availability of funding options.

The Company is also exposed to a range of market, financial and governance risks. The Company has risk management and internal control systems to manage material business risks which include insurance coverage over major operational activities and regular review of material business risks by the Board.

Significant changes in the state of affairs

There were no significant changes in the state of affairs of the Group during the Period.

Events occurring after the balance sheet date

There are no significant events after the balance date that require disclosure in this financial report.

Dividends

No dividends have been paid or declared by the Company for the current financial period. No dividends were paid for the previous financial period.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 10.

This report is made in accordance with a resolution of directors.

Andrew Grove

Managing Director and CEO

13 March 2025

Condensed Consolidated Statement of Profit or Loss & Other Comprehensive Income

For the half year ended 31 December 2024

		31 Dec 2024	31 Dec 2023*
			Restated
		$	$
Expenses
FX losses		(24,010)	(11,228)
Employee benefits		(721,729)	(1,175,696)
Corporate & administrative expenses		(2,363,435)	(1,423,601)
Share based payment expenses		(5,791,240)	(523,173)
Impairment expenses		(2,630,088)	-
Operating loss		(11,530,502)	(3,133,698)
Net finance income		283,280	146,447
Loss before income tax expense		(11,247,222)	(2,987,251)
Income tax expense		-	-
Loss after income tax expense for the year attributable to the owners of Aura Energy Limited		(11,247,222)	(2,987,251)
Loss is attributable to:
Owners of Aura Energy Limited		(11,183,410)	(2,979,549)
Non-controlling interests		(63,812)	(7,702)
		(11,247,222)	(2,987,251)
Other comprehensive income
Items that may be reclassified to profit or loss:
Exchange differences on translation of foreign operations		460,253	142,393
Total comprehensive loss for the year, net of tax		460,253	142,393
Loss after income tax for the year attributable to equity holders of the Company		(10,786,969)	(2,844,858)
Total comprehensive income for the Period is attributable to:
Owners of Aura Energy Limited		(10,730,966)	(2,860,466)
Non-controlling interests		(56,004)	15,608
		(10,786,969)	(2,844,858)
Basic and diluted loss (cents per share)		(1.34)	(0.52)

*During the year ended 30 June 2024, the Company determined that the Tasiast Group no longer met the criteria for a disposal group under AASB 5 and was reclassified accordingly. Refer to the Group's 30 June 2024 annual report for more details.

The above Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying notes.

Condensed consolidated statement of financial position

As at 31 December 2024

	31 Dec 2024	30 Jun 2024
	$	$
Assets
Current assets
Cash and cash equivalents	20,593,775	16,470,818
Receivables	136,364	88,196
Other current assets	162,549	134,445
Total current assets	20,892,688	16,693,459
Non-current assets
Security deposits	58,406	57,399
Plant and equipment	25,823	10,410
Right of use assets	179,377	218,421
Exploration and evaluation	44,753,044	41,894,715
Total non-current assets	45,016,650	42,180,949
Total assets	65,909,338	58,874,408
Liabilities
Current liabilities
Trade and other payables	1,832,544	2,163,578
Employee benefits	121,343	166,841
Other current liabilities	-	5,960
Short term loans	-	1,202,004
Lease liabilities	132,507	111,018
Total current liabilities	2,086,394	3,649,401
Non-current liabilities
Employee benefits	6,416	5,870
Lease liabilities	94,393	150,717
Total non-current liabilities	100,809	156,587
Total liabilities	2,187,203	3,805,988
Net assets	63,722,135	55,068,420
Equity
Share capital	123,570,696	104,536,636
Other equity	314,346	314,346
Other reserves	3,799,187	3,645,166
Accumulated losses	(63,800,780)	(53,322,418)
Capital and reserves attributable to owners of parent	63,883,449	55,173,730
Non-controlling interests	(161,314)	(105,310)
Total equity	63,722,135	55,068,420

The above Condensed consolidated statement of financial position should be read in conjunction with the accompanying notes.

Condensed consolidated statement of changes in equity

As at 31 December 2024

		Attributable to owners of Aura Energy Limited
	Share capital	Other equity	Other reserves	Accumulated losses	Total	Non-controlling interests	Total equity
	$	$	$	$	$	$	$
Balance at 1 July 2024	104,536,636	314,346	3,645,166	(53,322,418)	55,173,730	(105,310)	55,068,420
Loss after income tax expense for the half year	-	-	-	(11,183,410)	(11,183,410)	(63,812)	(11,247,222)
Other comprehensive income for the half year, net of tax	-	-	452,444	-	452,444	7,809	460,253
Total comprehensive loss for the half year	-	-	452,444	(11,183,410)	(10,730,966)	(56,004)	(10,786,969)
Transactions with owners in their capacity as owners
Contributions of equity, net of transaction costs and tax	13,569,159	-	-	-	13,569,159	-	13,569,159
Share issued in lieu of restructuring fee	5,384,615	-	-	-	5,384,615	-	5,384,615
Issue of shares to settle options funding loan	80,286	-	-	-	80,286	-	80,286
Loan funded securities	-	-	406,625	-	406,625	-	406,625
Lapse of equity-based payments	-	-	(705,048)	705,048	-	-	-
Balance at 31 December 2024	123,570,696	314,346	3,799,187	(63,800,780)	63,883,449	(161,314)	63,722,135

The above Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes.

Condensed consolidated statement of changes in equity

As at 31 December 2023

		Attributable to owners of Aura Energy Limited
	Share capital	Other equity	Other reserves	Accumulated losses	Total	Non-controlling interests	Total equity
	$	$	$	$	$	$	$
Balance at 1 July 2023	81,832,301	314,346	4,464,106	(46,733,187)	39,877,566	(75,271)	39,802,295
Loss after income tax expense for the half year	-	-	-	(2,979,549)	(2,979,549)	(7,702)	(2,987,251)
Other comprehensive income for the half year, net of tax	-	-	119,083	-	119,083	23,310	142,393
Total comprehensive loss for the half year	-	-	119,083	(2,979,549)	(2,860,465)	15,608	(2,844,858)
Transactions with owners in their capacity as owners
Options exercised	346,328	-	-	-	346,328	-	346,328
Transfer from reserves on exercise of options	99,902	-	(99,902)	-	-	-	-
Loan funded securities	-	-	523,173	-	523,173	-	523,173
Balance at 31 December 2023	82,278,531	314,346	5,006,460	(49,712,736)	37,886,601	(59,663)	37,826,938

The above Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes.

Condensed consolidated statement of cash flows

For the half year ended 31 December 2024

	31 Dec 2024	31 Dec 2023
	$	$
Operating activities
Loss after income tax expense for the half year	(11,247,222)	(2,987,251)
Adjustments for:
Depreciation expense	53,705	36,726
Exchange fluctuations	38,348	(13,771)
Share based payments	5,791,420	523,173
Impairment expenses	2,630,088	-
Finance costs	81,514	8,066
Change in operating assets and liabilities:
Decrease/(increase) in other receivables	(48,167)	(120,684)
Decrease/(increase) in other operating assets	(28,103)	(59,476)
Increase/(decrease) in trade and other payables	(331,032)	(85,685)
Increase/(decrease) in employee benefits	(44,950)	(11,959)
Increase/(decrease) in other operating liabilities	(5,960)	2,400
Net cash flows used in operating activities	(3,110,359)	(2,708,461)
Investing activities
Payments for plant and equipment	(18,217)	(5,740)
Payments for exploration and evaluation	(5,032,482)	(3,034,497)
Net cash used in investing activities	(5,050,699)	(3,040,237)
Financing activities
Proceeds from issue of shares from placement, net of capital raising costs	13,597,168	-
Repayment of options funding agreement	(1,221,865)	-
Exercise of options	-	346,328
Finance leases	(62,504)	-
Net cash from financing activities	12,312,799	346,328
Net decrease in cash and cash equivalents	4,151,741	(5,402,370)
Cash and cash equivalents, beginning of year	16,470,818	11,276,307
Effects of exchange rate changes on cash and cash equivalents	(28,784)	(7,799)
Cash and cash equivalents, end of the half year	20,593,775	5,866,138

The above Condensed Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes.

For full Notes to the condensed consolidated financial statements please review the Interim Financial Report via the link above.

ENDS

This release has been approved by the Board of Aura Energy Ltd.

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 [e-mail] [phone]

SP Angel Corporate Finance LLP Nominated Adviser David Hignell Adam Cowl Devik Mehta [phone] Tamesis Partners LLP Broker Charlie Bendon Richard Greenfield [phone]

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 2024 Front End Engineering Design (FEED) Study[14] 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)[15] and uranium[16] resource. Utilising only 3% of the resource, a 2023 Scoping Study[17] outlined a 17-year mine life based on mining 3.5Mtpa.

---

[1] 20 Dec 2024 - ASX and AIM announcement: Substantial growth in Ore Reserves and strategic progress at Tiris Uranium Project

[2] 12 Jun 2024 - ASX and AIM announcement: Aura increases Tiris' Mineral Resources by 55% to 91.3Mlbs U₃O₈

[3] 17 Dec 2024 - ASX and AIM announcement: A$9 million placement to accelerate the Tiris Uranium Project development

[4] 11 Sep 2024 - ASX and AIM announcement: Updated Production Target improves economics at Tiris Uranium Project

[5] 15 Jul 2024 - ASX and AIM announcement: Tiris Uranium Project fully permitted for development and operations

[6] 15 Aug 2025 - ASX and AIM announcement: Curzon offtake restructure and placement completed

[7] 28 Jan 2025 - ASX and AIM announcement: Activities report for the December quarter 2024

[8] 29 Nov 2023 - ASX and AIM announcement: Aura plans to significantly expand the Tiris Project into a potentially world class uranium province with a 13,000km tenure application

[9] 5 Sep 2024 - ASX and AIM announcement: Häggån Project Exploitation Permit application submitted in Sweden

[10] 22 Aug 2012 - ASX and AIM announcement: Outstanding Häggån Uranium Resource expands to 800 million pounds

[11] 23 Dec 2024 - ASX and AIM announcement: Swedish Government inquiry recommends lifting uranium mining ban

[12] ASX Releases: "Update to Curzon Offtake Agreement" 16 April 2024 and "Curzon Elects to Receive Restructuring Fee in Shares" 9 May 2024

[13] 17 Dec 2024 - ASX and AIM announcement: A$9 million placement to accelerate the Tiris Uranium Project development

[14] ASX and AIM Release: 28 Feb 2024 - FEED study confirms excellent economics for the Tiris Uranium Project

[15] ASX and AIM Release: 10 Oct 2019 - Häggån Battery Metal Project Resource Upgrade Estimate

[16] ASX and AIM Release: 22 Aug 2012 - Outstanding Häggån Uranium Resource expands to 800 million pounds

[17] ASX and AIM Release: 5 Sept 2023 - Scoping Study Confirms Scale and Optionality of Häggån

 

END