SUBMISSION OF EXPORT PRIOR AUTHORISATION EXPEDITES THE START URANIUM
PRODUCTION AT TIRIS

KEY POINTS:
  • Key Management Plans for authorisation of uranium production and export for Tiris Uranium Project submitted to National Authority for Radioprotection, Safety and Nuclear Security (“ARSN”) in Mauritania.
  • Mauritania is a member state of International Atomic Energy Agency (“IAEA”), a signatory to international nuclear safeguards and non-proliferation treaties and has a well-established Law of Nuclear Energy.
  • Authorisation for production and export of uranium from Mauritania represents a key step in advancing to near term uranium production at Tiris.

Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) a company focussed on fast-tracking initial uranium production at its 85%-owned Tiris Uranium Project in Mauritania (“Tiris” or the “Project”), is pleased to announce that the Company has submitted draft Key Management Plans (“KMPs”) for Tiris to the National Authority for Radioprotection, Safety and Nuclear Security (“ARSN”) in Mauritania. These plans form the core information assessed as part of the ARSN’s authorisation for uranium production at Tiris and for the export of uranium oxide concentrate (“UOC”) from Mauritania. KMPs also form the basis for management of radiation safety and safe transport of uranium from Tiris, following international guidelines.

Aura’s Acting CEO, Dr Will Goodall, commented:“We are pleased to have initiated this process with the ARSN and look forward to collaborating closely with them to ensure that Tiris is developed as a world class example of safety and environmental management.

The establishment of ARSN is a positive outcome of the planning by the Mauritanian Government in preparation for becoming a uranium producing and exporting country. The ARSN authorisations framework provides a clear pathway for uranium production and export and, through the Government’s close collaboration with the IAEA, we are confident the process will be smooth and transparent.

The Aura team recently met with Mr Ishagh Mohamed Moussa, President of ARSN in Nouakchott to discuss the requirements and opportunities to educate stakeholders on the benefits of uranium production for Mauritania. Aura looks forward to collaborating closely with Mr Moussa and his team through the development of Tiris, as we continue to advance to uranium production.

As Mauritania is a member state of the IAEA and signatory to key international conventions and treaties, we have identified a clear pathway to the grant of an export permit for uranium oxide concentrate. The framework to secure authorisations is clear and through close collaboration with ARSN we look forward to development of Tiris.”

Read Full AnnouncementAura’s Acting CEO, Dr Will Goodall (third from left) and the Aura team (Left) met with Mr Ishagh Mohamed Moussa, President of the ARSN (second from right) and his team (right) in Nouakchott, Mauritania,
August 2022.PAC PARTNERS RESEARCH REPORT
Aura Energy Limited (ASX:AEE, AIM:AURA) (“Aura” or “the Company”) a company focused on the fast tracked development of its Tiris Uranium Project in Mauritania, is pleased to provide a research report from Pac Partners.

Extract of PAC Partners research report provided subject to disclaimer.Download Research ReportSTOCKHEAD V-CON RECORDINGWatch VideoFINANCIAL REVIEW ARTICLE - MAY 2022

“I’m more focused on the over-riding paradigm shift of energy transition, of which uranium has a role too... Aura Energy, with its low cost Tiris project, reflect(s) my views.”
- John HancockRead ArticleENERGY CAPITAL AND POWER - 8 JULY 2022
Aura Energy Marks Sixfold Increase in Mauritanian Tiris Mine’s Uranium GradeAUSBIZ - 1 JULY 2022
Why Uranium is the futureSTOCKHEAD - 23 JUNE 2022
Simple screening is Aura’s magic sauce to upgrade Tiris uranium oreCORPORATE SNAPSHOT
Company Name: Aura Energy Limited
ASX: AEE
AIM: AURA


ABOUT AURA ENERGY

Aura Energy (ASX:AEE) (AIM:AURA) is an Australian based minerals company that has major polymetallic and uranium projects with large resources in Europe and Africa. The Company has rapidly grown by acquiring new projects in areas with known polymetallic and uranium occurrences including Sweden and greenfield projects in Mauritania.

The Company is now focused on the Tiris Uranium Project, a major greenfields uranium discovery in Mauritania, with Aura Energy announcing a Resource Upgrade in August 2021 of 10% or 5.0 million lb U3O8 bringing the total JORC Resource to 56 Mlbs (at a 100 ppm U3O8 lower cut-off grade).

Aura Energy also completed a capital estimate update for the Tiris Definitive Feasibility Study, to reflect current global pricing, with these 2021 figures reconfirming Tiris as one of the lowest capex, lowest operating cost uranium projects.

The Company is now undertaking Stage 2 exploration at Tiris, as it progresses the project to near term production.

ASX ANNOUNCEMENTS
06/09/22 - Tiris uranium production and export plans submitted
29/07/22 - Quarterly Activities/Appendix 5B Cash Flow Report
30/06/22 - Engineers engaged for Tiris Engineering Optimisation
23/06/22 - Pilot Tests Confirm Average 550% Upgrading Of Uranium
27/05/22 - Drilling Commences for the Tiris Uranium Resource Upgrade
18/05/22 - Uranium Specialist Patrick Mutz Joins Aura Board
05/05/22 - Investor Presentation - RIU Sydney Resources Round-Up
28/04/22 - Quarterly Activities/Appendix 5B Cash Flow Report
19/04/22 - Uranium Resource Upgrade Programme Underway
14/03/22 - A$8.8 million placement to advance Tiris Uranium Project
08/03/22 - Broker Briefing Investor Webinar 10 March 2022
16/02/22 - Investor Presentation
16/02/22 - Aura Defines Vanadium JORC Resource at Tiris Uranium Project
14/02/22 - Global X Uranium ETF Add Aura Energy
09/02/22 - Tiris Uranium Resource Enhancement Programme
28/01/22 - Quarterly Activities/Appendix 5B Cash Flow Report
27/01/22 -  Aura advances towards Net Zero Emission Production at Tiris
20/01/22 - Chairmans Letter Uranium Production and Expanding Resource
13/01/22 - Dr Will Goodall Appointed as Acting CEO of Aura Energy


Read all announcementsTHE AURA ENERGY TEAM

PHIL MITCHELL - NON-EXECUTIVE CHAIRMAN

  • Significant experience in mining M&A having held former roles as Head of Business Development and Strategy at Rio Tinto. Former CFO of Rio Tinto Iron Ore, member of the Executive Committee at Anglo American, and headed acquisitions for billionaire Robert Friedland’s company, HPX.
  • As Head of Business Development and Strategy at Rio Tinto, he was responsible for managing all aspects of the company’s asset and commodity portfolio and was accountable for the M&A portfolio and divestments, in addition to the daily management of the BHP takeover proposal.
  • As the CFO of Rio Tinto’s iron ore business, one the largest Australian business units, he oversaw all commercial aspects of the business including relationships with all JV partners and government. He was also responsible for developing the strategic plan that dominated profitable expansion to support China’s growth.

WARREN MUNDINE - NON-EXECUTIVE DIRECTOR

  • Prominent Australian independent thinker and thought leader in the mining sector and nuclear power space and has worked on numerous major resource projects for leading companies including Fortescue Metals Group, Rio Tinto, BHP and AGL Pipelines & Engineering Waanyi Downer Joint Venture.
  • Former director of the Australian Uranium Association and currently the MD and CEO of Nyungga Black Group Pty Ltd, an advisory consultancy, which holds controlling interest in several companies across a diverse range of industries including mining resource consulting.
  • Former host of Sky News and Win Television and is currently a director of Australian Government owned television station, Special Broadcasting Services (SBS).

BRYAN DIXON - NON-EXECUTIVE DIRECTOR

  • Over 20 years’ experience in the resource sector as a chartered accountant building junior exploration companies into mining producers, with extensive experience in the management of public and listed companies, and joint winner of the Mines and Money Asia-Pacific Mining Executive of the Year in 2017.
  • Held numerous director and management roles with emerging resource companies and founding Managing of Blackham Resources (ASX:BLK), now Wiluna Mining Corporation (ASX:WMC). Former roles with international accounting firm, Resolute Limited and Archipelago Resources, and specialises in project acquisition, exploration, feasibility, financing, development and operations of mining projects to production.

PATRICK MUTZ NON-EXECUTIVE DIRECTOR

  • Former MD & CEO of African focussed uranium company, Deep Yellow (ASX:DYL) and Alliance Resources (ASX:AGS).
  • Holds uranium operational experience in open cut, underground, and in-situ mining and related processing. 
  • Currently MD & CEO of Image Resources (ASX:IMA), which he drove into production to become a profitable mining company, with early repayment of debt. 

DR WILL GOODALL - ACTING CEO

  • Worked with Aura for over 10 years holding the role of Aura’s Principal Metallurgist since 2018.
  • Responsible for delivering the Tiris Uranium Scoping and Definitive Feasibility Studies, and the Häggån Uranium Scoping Study.
  • Holds a Bachelor of Chemical Engineering and Doctor of Philosophy (Chemical Engineering), with over 20 years of experience in geometallurgy, mineral processing and hydrometallurgy across a wide range of commodities.
Our Office address is:
Aura Energy Limited
Suite 1, Level 3
62 Lygon Street
Carlton South, Victoria, 3053

Tel +613 9824 5254  Fax +61 3 9516 6565