Häggån Deposit Proposed as National Interest

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') is pleased to announce that the Geological Survey of Sweden ('SGU') has formally proposed designating the Häggån polymetallic deposit ('Häggån') as a national interest for valuable materials[1].

KEY HIGHLIGHTS

• SGU proposes Häggån be officially designated a national interest for valuable minerals
• Designation provides legal protection against activities that could obstruct future extraction
• Häggån is uniquely positioned as a key contributor to Europe's clean energy and industrial future with both uranium as a cornerstone of fossil-free nuclear energy and the deposit's significant vanadium resource2
• Consultation period with designated stakeholders until 3 June 2026 -with SGU's Director General making the final designation decision following the referral process, locking in long-term protection for Häggån's world-class resource base

Why This Matters

SGU is a Sweden's government authority for geological information and the sole competent authority responsible for designating national interest areas for valuable substances or materials under Swedish law. SGU's role is to provide rigorous, evidence-based geological assessments that serve Sweden's national interests in the short and long term - making its decision to advance this proposal a significant and independent validation of Häggån's exceptional mineral endowment.

The SGU's decision to advance this proposal reflects a rigorous, evidence-based assessment that Häggån satisfies the highest standards of national importance. The deposit's minerals are of great importance to the needs of society and security of supply - with uniquely valuable properties and a well-investigated, thoroughly documented resource base.

Once designated, municipalities and state authorities may not grant permits for activities that could prevent or significantly hinder the extraction of these strategically significance mineral resources, locking in long-term protection for the asset.

Following the consultation period, SGU's Director General will make the final designation decision - a milestone that would strengthen Häggån's position as one of Sweden's most strategically significant mineral deposits.

World-Class Critical Metals

SGU highlights that the elements contained in the deposit are of great importance to modern society, and to Swedish and international industry[2].

Aura Energy Executive Chair, Philip Mitchell commented:

"This proposal by the Geological Survey of Sweden confirms once again the strategic importance of the Häggån deposit - which contains globally important quantities of uranium and vanadium as well as other minerals.

These are critical for Sweden and Europe's mineral self-reliance, and for meeting the needs of society and industry. They are also capable of generating great value for Sweden, for local communities through employment and business opportunities, and for Aura's shareholders."

Authorisation for release

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