Aura Energy Australia's second largest Uranium resource – strong +ve economic results confirmed

Announcement:

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STRONG POSITIVE ECONOMIC RESULTS CONFIRMED
FOR HÄGGÅN – MOVING TO PRE-FEASIBILITY
HIGHLIGHTS
Independent consultants have completed the first Scoping Study for the Häggån
Project:
 Scoping study confirms economic viability for bioheap leach project
 Net Present Value (NPV) – US$1,090M (pre-tax, 10% discount rate)
 Internal Rate of Return (IRR) 47%
 Total life of mine capital costs of US$769 million, including sustaining capital
 Payback in approximately 4.3 years, or less than a fifth of current project life
 Operating costs of US$36/lb uranium net of by-products
 Low mining costs – strip ratio of 0.75:1
 Nominal 30 Mtpa operation with a 25 year initial mine life – scope to expand
 Target initial annual production of 6.6 Mlbs uranium, 14.8 Mlbs nickel and 3.6
Mlbs molybdenum; target would place Häggån in the top 10 uranium mining
operations
 Sweden – excellent jurisdiction to develop a very long life mining operation
 Similar-sized multi-metal bioheap leach operation in neighbouring Finland
 Next-step: PRE-FEASIBILITY

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