DFC publishes ESIA for Tiris Uranium Project

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is pleased to advise that the U.S. International Development Finance Corporation (DFC) has published the Environmental and Social Impact Assessment (ESIA) for the Company's Tiris Uranium Project (Project) on its website. This is a significant milestone for the DFC's potential debt financing for a portion of the total Project funding requirements.

The ESIA is now open for public comment and can be accessed via the DFC's Environmental and Social Impact Assessments portal:

The publication of the ESIA reflects the commitment of Aura and the Tiris Uranium Project to produce positive developmental impacts, including environmental stewardship, social responsibility, and strategic development.

This marks a key milestone in Aura's engagement with the DFC, including a Project site visit in April 2025, and represents the next step in Aura's application for Project financing.

Discussions with other funding groups and potential strategic equity investors are also well advanced, with due diligence and term sheet negotiations underway.

Aura Energy Managing Director and Chief Executive Officer, Andrew Grove commented:

"The publication of the ESIA by the DFC is a pivotal moment for Aura and the Tiris Uranium Project. It reflects the progress we've made in aligning our development plans with international best practices and the expectations of global financiers. We are excited to be advancing through the DFC's due diligence process and with other potential funding parties as we move toward a final investment decision and realising the significant value in the Tiris Uranium Project."

Authorisation for release

This announcement is authorised for release by the Board of Aura Energy Ltd.

Please note: there is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.

• 28 Feb 2024 - Aura's Tiris FEED Study returns Excellent Economics
• 11 Sep 2024 - Updated Production Target Improves Economics at Tiris
• 13 Dec 2024 - Tiris Uranium Project Alternative Production Targets
• 12 June 2024 - Aura increases Tiris Mineral Resources by 55% to 91.3Mlbs U3O8
• 20 Dec 2024 - Amendment - Tiris Ore Reserve Update
• 16 Dec 2024 - Substantial increase in Tiris Uranium Project Ore Reserves

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

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

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