Appointment of Country Manager – Mauritania

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is delighted to announce the appointment of Mr Mohamed El Moctar Mohamed El Hacene to the newly established role of Country Manager Mauritania.

• Hacene is a highly qualified Mauritanian national with extensive experience in mining and international affairs. He previously served as Mauritania's Minister of Petroleum and Mines from 2007 to 2008, during which time uranium was first discovered at Tiris by Aura.

Mr Hacene has joined Aura as Country Manager and Director General of Tiris Ressources SA, Aura's 85% owned Mauritanian subsidiary and holder of the Tiris Uranium Project. He commenced at Aura on the 1 November 2024 after ten years with the United Nations as Director, Economic Development and Integration Division, Economic and Social Commission for Western Asia ('ESCWA') based in Lebanon.

From 2011 to 2014, Mr. Hacene served as General Manager of External Relations for Rio Tinto's Simandou iron ore project in Guinea. He has also provided consultancy to various mining companies in Mauritania, including Woodside, Société Nationale Industrielle et Minière, Paladin Energy, and General Gold, as well as to the World Bank and the African Development Bank.

• Hacene holds a Bachelor of Arts from the École Normale Supérieure in Mauritania, a Master of Science in Mineral Economics from the WA School of Mines at Curtin University in Australia, and he began a Ph.D. in Political Science at Université de Grenoble in France.

Aura Energy Managing Director and CEO, Andrew Grove said:

"We are very pleased to welcome Moctar to the Aura Energy team.

Moctar's experience is outstanding and his passion for the Tiris Uranium Project and developing the mining industry in Mauritania is formidable. Both Aura and Mauritania will benefit significantly from his return to Mauritania after a stellar international career.

Moctar is a key appointment in driving the development of the Tiris Uranium Project into Mauritania's first uranium mine.

The appointment of Moctar as Country Manger is another important milestone as Aura continues to rapidly progress the Tiris development to realise the significant inherent value in the Project as demonstrated in the recent Production Target update study[1] (US$499M NPV8, 2.25-year payback period and 39% IRR) and the significant upside and exploration potential of the area, part of which was demonstrated by recent 55% increase in Mineral Resources to 91.3Mlbs U3O8[2]."

Aura Energy Ltd has approved this announcement.

ASX and JORC Related Disclosures

Mineral Resources

Production Targets

[1] ASX and AIM Release: 11 Sept 2024 - Updated Production Target Improves Economics at Tiris

[2] ASX and AIM Release: 12 June 2024 - Aura increases Tiris Mineral Resources by 55% to 91.3 Mlbs

[5] ASX and AIM Release: 10 Oct 2019 - Häggån Battery Metal Project Resource Upgrade Estimate

[7] ASX and AIM Release: 5 Sept 2023 - Scoping Study Confirms Scale and Optionality of Häggån