TIDMAURA
RNS Number : 9072L
Aura Energy Limited
18 May 2022
18 May 2022
Uranium Specialist Patrick Mutz Joins Aura Board
KEY POINTS:
-- Patrick Mutz appointed as Non-Executive Director,
specialising in uranium projects and contributing 40 years of
international mining experience across technical, managerial,
consulting, executive and director roles.
-- 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.
-- Significant experience in transitioning companies from explorers to producers.
-- Mr Mutz's experience and skillset complements that of the
existing Board, further bolstering the team as Aura fast-tracks to
near term uranium production at Tiris.
Aura Energy Limited (ASX:AEE, AIM:AURA) ("Aura", the "Company")
a company focused on the development of the 85% owned Tiris Uranium
Project, Mauritania ("Tiris", or the "Project"), is pleased to
announce the appointment of Patrick Mutz as an independent
Non-Executive Director of the Company effective today.
Specialising in uranium projects in the USA, Australia and
Africa, Mr Mutz holds over 40 years of international mining
experience across technical, managerial, consulting, executive and
director roles, across all aspects of the mining industry from
exploration through to project development, mining and mine
rehabilitation. He also has uranium operational experience in open
cut, underground, and in-situ mining and related processing.
He formerly held the roles of Managing Director & CEO of
African focussed uranium company, Deep Yellow (ASX:DYL), and
Alliance Resources (ASX:AGS). Mr Mutz also held the roles of
General Manager and Managing Director of General Atomics Technology
Co in California, USA, a company specialising in research and
technology development, including physics research in support of
nuclear fission and nuclear fusion technology.
Mr Mutz also previously served as Managing Director and CEO of a
number of private mining companies based in Australia, primarily
involved with project development and transitioning companies from
exploration to production.
Mr Mutz is currently Managing Director & CEO of Image
Resources (ASX:IMA) ("Image"), a Western Australian mineral sands
mining company, where he led Image through the successful
transition from advanced explorer to profitable mining company,
including feasibility study, capital raising, construction, rapid
commissioning and full production that led to early repayment of
all debt and payment of annual dividends after only the second and
third years of operation. Mr Mutz holds a Bachelor of Science with
Honours and an MBA, both from the University of Phoenix, and is a
Fellow of AusIMM.
Commenting on his appointment, Mr Mutz said , "I am delighted to
be joining the Aura Energy Board, and especially at a time of
strengthening demand for new supplies of uranium as governments
around the world are reassessing the importance of nuclear power as
a critical technology in the transition to low-carbon global energy
generation."
"With my experience in uranium projects across several
jurisdictions and stages of development, I look forward to
contributing value to Aura, as the Company advances to near term
uranium production."
Aura Non-Executive Chairman, Phil Mitchell, commented: "We
welcome Patrick to the Board of Aura Energy. His experience
complements the knowledge and skillset of the existing Board,
further positioning Aura with the right expertise to advance to
fast-tracked uranium production at Tiris."
Mr Patrick Roy Mutz, aged 64, currently holds or has held the
following directorships and partnerships in the last five
years:
Current Directorships / Partnerships Directorships / Partnerships
in the last 5 years
Image Resources NL N/A
Craton Resources Pty Ltd
Titon Resources Pty Ltd
Titan-DR Resources Pty Ltd
Titan-SR Resources Pty Ltd
Mr Mutz does not hold currently hold any ordinary shares of 1
pence each in the Company.
There is no further information to be disclosed pursuant to
paragraph (g) of Schedule 2 of the AIM Rules.
This ASX Release as authorised by the Aura Energy Board of
Directors.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside information is now
considered to be in the public domain.
For Further Information, please contact:
Will Goodall Jane Morgan
Acting CEO JMM
Aura Energy Limited Investor & Media Relations
info@auraenergy.com.au info@janemorganmanagement.com.au
+61 405 555 618
SP Angel Corporate Finance LLP WH Ireland Limited
(Nominated Advisor and Joint (Joint Broker)
Broker) Jessica Cave
David Hignell Andrew de Andrade
Kasia Brzozowska +44 (0) 207 220 1666
+44 (0) 203 470 0470
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About Aura Energy (ASX:AEE, AIM:AURA)
Aura Energy is an Australian based minerals company that has
major uranium and polymetallic projects with large resources in
Africa and Europe.
The Company is focused on uranium production the Tiris Project,
an evolving major greenfields uranium discovery in Mauritania, with
Aura announcing a Resource Upgrade in August 2021 of 10% or 5.0
million lb U(3) O(8) bringing the total JORC Resource to 56 Mlbs
(at a 100 ppm U(3) O(8) lower cut-off grade).
Aura 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.
In October 2021, the Company entered a US$10m Offtake Financing
Agreement with Curzon, which includes an additional up to US$10m
facility, bringing the maximum available under the agreement to
US$20m.
In 2022, Aura will continue to transition from a uranium
explorer to uranium producer, to capitalise on the growing appetite
for nuclear power as a critical, baseload, near-zero-carbon energy
source to help drive the global shift towards decarbonising energy
generation.
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END
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