Aura Energy Limited provided an update on drilling results from the Tiris Uranium Project in Mauritania. This includes the radiometric results from the second batch of drilling, comprising 793 air core drill holes (3,304 m of drilling, average depth 4.2m) of the 15,500m exploration drilling program that commenced late in December 2023. A total of 12,543m of drilling has been completed and reported to date.

The drill program aims to expand Tiris' Mineral Resources by targeting extensions to known mineralization and testing previously undrilled radiometric anomalies around Tiris East and includes testing of the previously announced 8Mlbs and 32Mlbs U3O8 Exploration Target. Tiris Uranium Project summary: The Tiris Uranium Project is in north-eastern Mauritania, approximately 1,200km northeast of the capital Nouakchott. Calcrete-type uranium mineralization was first identified by Aura from targeting high strength airborne radiometric anomalies.

Mineralization generally lies either within weathered, partially decomposed red granite or in colluvial gravels, within unconsolidated near-surface material and is typically less than five metres in depth. The uranium mineralization occurs principally as carnotite. Hippolyte South: Hippolyte South drilling has returned excellent results, supporting and expanding the extensive new mineralization over an area of approximately 3km x 2km in size, as defined in the Phase 1 drilling release.

Significant intercepts include: 3.9m grading 310ppm U3O8from 0.9m (23FEAC001633); 3.0m grading 395ppm U3O8 from 0.9m (23FEAC001744); 3.1m grading 325ppm U3O8from 0.5m (23FEAC001729); 3.6m grading 263ppm U3O8from 1.6m (23FEAC001737). Lazare North and Lazare South: Follow-up drilling from the Phase 1 results returned significant intercepts coincident with both high-strength and low-strength radiometric anomalies outside the margins of the existing mineral resource boundaries. Shallow significant intercepts include: 4.1m grading 338ppm U3O8from 0.3m (23ASAC002260); 3.5m grading 345ppm U3O8 from 0.2m (23ASAC002262); 4.3m grading 207ppm U3O8 from 0.4m (23ASAC002228); 3.3m grading 266ppm U3O8from 0.5m (23ASAC002314); 3.4m grading 252ppm U3O8from 0.5m (23ASAC002345).