Aura Energy
Primary ticker: ASX:AEE, AIM:AURA
Stage of development: Exploration, Development
Primary minerals: Uranium
Project to promote: Tiris Uranium Project
Project location: Mauritania
Website: https://auraenergy.com.au/
Aura Energy Limited is a publicly listed company incorporated in Australia and listed on both the ASX and AIM markets (ASX:AEE and AIM:AURA).
The Company has two main uranium and battery metals projects:
· Tiris Uranium Project, Mauritania – is a fully-licensed, near-term, long-life and high-value future uranium mine with production planned for 2026/27. Tiris is a 25-year Project producing 2Mlbs pa U3O8 at AISC of US$35.7/lb NPV8 of US$499M, IRR 39% and payback 2.25-years. Tiris has significant potential for further exploration discoveries and Project expansion. Uranium production forecast for 2027.
· Häggån Polymetallic Project, Sweden – is a globally significant scaled polymetallic deposit containing vanadium, sulphate of potash and uranium on which a Scoping Study demonstrated the significant potential future value at Häggån.
Cash: AUD 16M
Debt: /
Major shareholders:
MMCap 13.7%
Sprott Inc. 9.9%
Sachem Cove 7.0%
Lind 6.4%
Asean 6.4%
Management ownership – 2.60%
Financials
Management Profile
Andrew Grove – Managing Director and CEO – is a highly experienced mining and finance executive with extensive global industry experience across multiple commodities. This includes more than 30 years of managerial, technical, commercial and finance experience, including significant expertise in uranium and West African development and operations.
What is your rationale for taking part in 121 Mining Investment?
Development of the Tiris Uranium Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Final Investment Decision and commencement development of Tiris
6 Months:
Development at Tiris
12 Months:
Uranium production at Tiris
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Project development funding – multiple funding activities underway including debt, strategic investment and equity
What do you think makes your company such a compelling investment?
Tiris NPV US$499m, IRR 39%, 2.25-year payback with significant growth potential through exploration
What are the top 3 key investor takeaways?
Undervalued near-term high-value uranium producer
Significant exploration potential and optionality on increasing Project scale
Strategic position in an emerging uranium province