ASX Trading Halt

Aura Energy Limited

15 March 2024

 

 

                                                                                                                15 March 2024

ASX Trading Halt

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 [e-mail] [phone]

Paul Ryan Citadel-MAGNUS Investor & Media Relations [e-mail] [phone]

SP Angel Corporate Finance LLP Nominated Advisor and Broker David Hignell Kasia Brzozowska Grant Baker [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 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.

 

END