20 October 2025

Resignation of Managing Director

Aura Energy Limited (ASX: AEE, AIM: AURA) ('Aura' or the 'Company') advises that Mr Andrew Grove has tendered his resignation as Managing Director and Chief Executive Officer.  Whilst Andrew's resignation is effective immediately, consistent with his contract, Andrew will continue to provide Aura support for the ensuing six months.

Since joining Aura as a strategic consultant in January 2024, and subsequently as Managing Director and Chief Executive Officer from 30 January 2024, Andrew has driven and overseen significant progress at our flagship Tiris Uranium project in Mauritania. We are grateful for his significant contribution to progressing the project across all facets. Andrew has also helped position Häggån polymetallic project for success, at a time when the Swedish government is moving to repeal the ban on uranium mining.

The Board and management of Aura are grateful to Andrew for his significant contributions, integrity, and dedication throughout his tenure, and take this opportunity to extend their thanks for all his work and to wish him every success with his future endeavours.

Executive Chair Philip Mitchell has been working closely with Andrew, including the transition from non-executive chair to executive chair announced on 10 June 2025. Mr Mitchell will continue in his role and assume accountability for day-to-day operational management thereby ensuring continuity, specifically regarding critical current workflows including funding discussions with the U.S. International Development Finance Corporation and potential strategic partners. A process to appoint a Lead Independent Director from amongst the Non-Executive Directors has commenced.

ENDS

Authorisation for release

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

This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

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About Aura Energy (ASX: AEE, AIM: AURA) 

Aura Energy Limited (ASX:AEE, AIM:AURA) is an Australian-based company focused on the development of uranium and battery metals to support a cleaner energy future. Aura is committed to creating value for host nations, local communities, and shareholders through responsible and sustainable resource development. Aura is advancing two key projects:

§ Tiris Uranium Project, Mauritania - A fully permitted, near-term development asset with a potential long mine life. Aura plans to transition from a uranium explorer to a uranium producer to capitalise on the rapidly growing demand for nuclear power as the world shifts towards a decarbonised energy sector.

§ Häggån Polymetallic Project, Sweden - A globally significant deposit containing vanadium, sulphate of potash, and uranium with potential long-term value.