Aura Energy Update RCR confirms 5x upside recommendation

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KEY POINTS:
• JORC Resource of 18.4 million pounds V2O5 defined within Aura’s low capex, low operating cost Tiris Uranium Project in Mauritania.
• 34% classified as Measured/Indicated Resource.
• The vanadium is contained within the mineral carnotite which also contains the uranium at Tiris.
• Metallurgical testwork indicates that the vanadium can be readily extracted at low additional cost.
• Production of a vanadium product stream is likely to significantly lower the effective cost per lb of U3O8.

Read the full ASX report:

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Aura Energy Limited ACN 115 927 681
Level 30, 35 Collins Street, Melbourne VIC, 3000
ASX RELEASE 5 September 2023

Häggån Scoping Study Confirms the Scale and Optionality of Aura’s Critical Minerals Project in Sweden

Vanadium, potash, nickel, molybdenum, zinc and uranium among a diversified suite of future-
facing commodities in a Swedish location positive in light of leadership in the European resource industry
o 65MT Scoping Study covers less than 3% of Haggan’s known 2.0Bn tonne Mineral Resource
Estimate.

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Swedish Government initiates enquiry to overturn uranium mining ban

KEY POINTS:
• The Swedish Government have announced an inquiry into the ban on mining uranium
• The inquiry will conclude on 15 May 2024 at which point, the Government can proceed
to lift the ban on uranium mining
• The Häggån Project contains Uranium Mineral Resources of approximately 800 M lbs of
U3O8
• Uranium has the potential to increase the Häggån Project NPV by 37% and adds 14% to
revenue1 from current scoping study NPV range of US$ 456 million to US$ 1307 million
• Häggån can assist Sweden with their aims of becoming climate-neutral and energy
independent
• Aura strongly supports the Swedish Government to allow safe and environmentally
responsible extraction of Uranium in Sweden

https://investi.com.au/api/announcem...f33dbf-9e1.pdf