20 May
2024
Share Purchase Plan Offer
will close Thursday 23 May 2024
Eligible Shareholders are reminded
that the Share Purchase Plan Offer ("SPP") will close at 5.00pm on
Thursday 23 May 2024 (AEST).
The company has received strong
demand for the SPP but we would like to afford all Eligible
Shareholders the opportunity to participate in the SPP and benefit
from a very exciting period for Aura as the Tiris Uranium Project
progresses towards development and demonstrates the significant
growth opportunities that exist at the Project. An update to the
Mineral Resource estimate for Tiris is underway on the back of the
recently completed 15,500m drilling program and will be released
this quarter.
Pursuant to the SPP, Eligible
Shareholders in the Company will have the opportunity, irrespective
of the size of their shareholding, to apply (without incurring
brokerage fees) pursuant to a prospectus for up to A$30,000 worth
of new Shares ("SPP Shares"), at an issue price of A$0.18 per SPP
Share, and three (3) free attaching option for every four (4) SPP
Shares issued under the SPP, on the same terms as the Placement
Options ("SPP Options"). The Company proposes to seek quotation of
the SPP Options subject to satisfying the quotation requirements of
ASX. The SPP is not underwritten.
If you require a replacement
application form, please email Monica at Computershare:
monica.kneipp@computershare.com.au.
Full details of the SPP are set out
in a Prospectus dated 23 April 2024 which is available on the
Company's website: www.auraee.com.
ENDS
This announcement is approved for
release by the Managing Director & CEO.
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
agrove@auraee.com
+61 414 011 383
|
Paul
Ryan
Morrow Sodali
Investor & Media
Relations
p.ryan@morrowsodali.com
+61 409 296 511
|
SP
Angel Corporate Finance LLP
Nominated Advisor and
Broker
David Hignell
Kasia Brzozowska
Grant Baker
+44 203 470 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.
Disclaimer Regarding Forward-Looking
Statements
This ASX announcement (Announcement)
contains various forward-looking statements. All statements other
than statements of historical fact are forward-looking statements.
Forward-looking statements are inherently subject to uncertainties
in that they may be affected by a variety of known and unknown
risks, variables and factors which could cause actual values or
results, performance or achievements to differ materially
from the expectations described in such forward-looking
statements. The Company does not give any assurance or
guarantee that the anticipated results, performance or
achievements expressed or implied in those forward-looking
statements will be achieved.