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Aura Energy Limited Haggan vanadium drilling results

14/08/2019 8:22am

UK Regulatory (RNS & others)


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TIDMAURA

RNS Number : 0005J

Aura Energy Limited

14 August 2019

14 August 2019

Häggån Vanadium DRILLING RESULTS

CONFIRM HIGH GRADE ZONE

DRILLING INTERCEPTED GRADES IN EXCESS OF 0.6% V(2) O(5)

Scoping study continues to progress well

battery initiative and separate listing

options remain active

Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise that drill assay results on the Häggån Vanadium Project have confirmed the high grade and continuous nature of the Häggån vanadium mineralistion.

To enable finalisation of the Häggån Vanadium Project Scoping Study infill drilling was carried out to achieve a Measured and Indicated Resource for Häggån.

The drilling not only confirmed the High Grade Zone but also intersected several areas of mineralisation with grades in excess of 0.6% V(2) O(5) . This very positive and unexpected outcome provides good potential for higher grade areas to be mined within the existing zone or in other zones within the broad Häggån Resource.

The most significant results[1] were as follows;

   --    103 metres at 0.41 % V2O5 in hole 19DDHG085 
   --    101 metres at 0.43 % V2O5 in hole 19DDHG089, including 68 metres at 0.5% V2O5 
   --    93 metres at 0.41 % V2O5 in hole 19DDHG084 
   --    78 metres at 0.43 % V2O5 in hole 19DDHG083 
   --    71 metres at 0.43 % V2O5 in hole 19DDHG080 
   --    54 metres at 0.45 % V2O5 in hole 19DDHG090 

Drilling consisted of 2930 metres of diamond drilling in 22 drillholes to test the top 140 metres of vanadium mineralisation. The drilling was conducted during the Swedish winter months. Following corelogging, density determination, cutting and sampling, assay results have now been received.

The assay data is currently with Aura's resource consultants who are in the process of completing a re-estimation of the Häggån poly-metallic resource.

http://www.rns-pdf.londonstockexchange.com/rns/0005J_1-2019-8-14.pdf

Figure 1: Location of Häggån Project

Peter Reeve, Aura's Executive Chairman, commented "This drilling has confirmed our expectations in this high grade zone. We are very pleased with the thickness and continuity of these high vanadium grade intersections and the positive implications this has for the operating, and particularly mining, phase of the the Häggån Vanadium Project".

"The current High Grade Zone remains open for expansion and there is also the potential for repeat zones of a similar grade", he continued.

The recent drilling program was designed to upgrade a sufficient portion of the resource to Measured and Indicated status in order to comply with JORC and ASX guidelines.

Importantly this drilling has not defined the limits of the higher grade zone either laterally or at depth providing potential for the High Grade Vanadium Zone to be extended.

Depth to the top of the mineralisation in the 28 drillholes in this high grade zone averaged 27 metres which confirms the low stripping ratio of the future/planned mining operation.

The area covered by the recent drilling in this high grade zone covers only a small portion of the giant Häggån Resource (See Figure 2) leaving potential for repeats of the current zone to be discovered within proximity of the current resource.

All major technical work for the Häggån Scoping Study has now been completed as per schedule with the final report being assembled currently. The Haggan Scoping Study will be released in September, coinciding with the opening of business and close of the holiday period in Europe and Sweden.

Aura continues to review the potential for an IPO of the Häggån Vanadium Project and this activity remains current however somewhat dependent on the current turbulent market conditions. Similarly, the initiative to incorporate battery manufacturing remains active and discussions remain ongoing.

http://www.rns-pdf.londonstockexchange.com/rns/0005J_1-2019-8-14.pdf

Figure 2: Aura Tenements and location of the Northwest High-grade Zone in the Häggån resource

Aura's Häggån deposit currently has an Inferred Resource of 800 million lbs at 0.42% V2O5[2] (at a 0.4% lower cutoff - refer Table 1). Refer Aura ASX announcement of 23 May 2018 : New Resource Estimate - Haggan Battery Metals project.

Table 1: Häggån Inferred Resource

 
 V(2)       Tonnes       V(2)    V(2)       Ni (ppm)   Zn (ppm)   Mo (ppm)   U(3) 
  O(5)       (Million)    O(5)    O(5)                                        O(8) 
  Cut-off                 %       Billion                                     (ppm) 
  %                               lbs 
 0.40%      90           0.42%   0.8        400        550        220        160 
           -----------  ------  ---------  ---------  ---------  ---------  ------- 
 0.30%      900          0.35%   7.0        370        500        230        170 
           -----------  ------  ---------  ---------  ---------  ---------  ------- 
 0.20%      1,950        0.30%   12.8       330        440        210        160 
           -----------  ------  ---------  ---------  ---------  ---------  ------- 
 0.10%      2,600        0.26%   15.1       300        400        200        150 
           -----------  ------  ---------  ---------  ---------  ---------  ------- 
 

The recent infill drill pattern shown in Figure 3, illustrates that the majority of the high grade vanadium resource is in area already cleared.

http://www.rns-pdf.londonstockexchange.com/rns/0005J_1-2019-8-14.pdf

Figure 3: Häggån Northwest High Grade Zone - drillhole layout

A number of intersections achieved well above the average resource grade with a number of these above 0.6% V(2) O(5) as shown below in Figure 4 and Table 2.

http://www.rns-pdf.londonstockexchange.com/rns/0005J_1-2019-8-14.pdf

Figure 4: Häggån mineralisation. The top 3 rows of core (to 38 metres) average 0.61% V(2) O(5)

Table 2: Drillhole location details

 
 Drillhole      From         To        Thickness   V2O5 grade    Hole collar location     RL 
                                                               ----------------------- 
                (m)          (m)          (m)          %        Easting*    Northing*     (m) 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG085       34.5        137.3        103        0.41%       462,801     6,990,400     361 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG089       20.2        121.5        101        0.43%       462,700     6,990,298     362 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
       incl      20.2          88.0       68         0.50%         "            "          " 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
       incl      24.0          26.0        2         0.64%         "            "          " 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG084       19.0        112.0        93         0.41%       462,716     6,990,400     359 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
       incl      22.0          24.0        2         0.65%         "            "          " 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG083         4.3         82.0       78         0.43%       462,608     6,990,494     359 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
       incl        6.0           8.0       2         0.61%         "            "          " 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG080       27.1          98.0       71         0.43%       462,703     6,990,501     358 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG090         8.2         62.0       54         0.45%       462,597     6,990,313     362 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 17DDHG069       60.0          62.0        2         0.60%       462,294     6,990,391     365 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG078       12.0          14.0        2         0.61%       462,611     6,990,387     361 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 19DDHG091       34.0          38.0        4         0.61%       462,507     6,990,318     364 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
     "           42.0          44.0        2         0.60%         "            "          " 
             ---------  ------------  ----------  -----------  ---------  ------------  ------ 
 

*Coordinate system is SWEREF99 TM, the standard Swedish system

All holes collared vertical

http://www.rns-pdf.londonstockexchange.com/rns/0005J_1-2019-8-14.pdf

Figure 5: Häggån Vanadium Resource block plan at 50 metres depth

http://www.rns-pdf.londonstockexchange.com/rns/0005J_1-2019-8-14.pdf

Figure 6: Häggån Vanadium Resource cross section

http://www.rns-pdf.londonstockexchange.com/rns/0005J_1-2019-8-14.pdf

Plate 1: Diamond drilling in -20 C temperature - Häggån winter drilling

For further information please contact:

Mr Peter Reeve

Executive Chairman

Phone +61 (0)3 9516 6500

info@auraenergy.com.au

Competent Persons

The Competent Person for drill hole data, cut-off grade and prospects for eventual economic extraction is Mr Neil Clifford. The information in the report to which this statement is attached that relates to drill hole data, cut-off grade and prospects for eventual economic extraction is based on information compiled by Mr Neil Clifford. Mr Clifford has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking. This qualifies Mr Clifford as a Competent Person as defined in the 2012 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Clifford is an independent consultant to Aura Energy. Mr Clifford is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Clifford consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 
Aura Energy Limited                    Telephone: +61 (3) 9516 6500 
 Peter Reeve (Executive Chairman)       info@auraenergy.com.au 
WH Ireland Limited                     Telephone: +44 (0) 207 220 
 (Nominated Adviser and Joint Broker)   1666 
 Adrian Hadden 
 James Sinclair-Ford 
 
 SP Angel Corporate Finance LLP 
 (Joint Broker)                         Telephone: +44 (0) 203 470 
 Ewan Leggat                            0470 
 Jamie Spotswood 
 
  Yellow Jersey PR Limited               Telephone: +44 (0) 7769 325 
  Felicity Winkles                       254 
  Joe Burgess 
 

JORC Code (2012 Edition) - Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

 
 Criteria                     JORC Code explanation        Commentary 
 Sampling techniques          Nature and quality of                         The 2018 Häggån resource 
                              sampling (e.g. cut                            estimate was based on several drilling 
                              channels, random chips, or                    campaigns: 
                              specific specialised                           *    2008: 3453m in 17 diamond drillholes 
                              industry 
                              standard measurement tools 
                              appropriate to the                             *    2010: 5091m in 25 " 
                              minerals under 
                              investigation, such as 
                              down hole                                      *    2011: 2279m in 10 " 
                              gamma sondes, or handheld 
                              XRF instruments, etc). 
                              These examples should not                      *    2012: 2226m in 14 " 
                              be taken as limiting 
                              the broad meaning of 
                              sampling.                                      *    2015: 149m in 1 " 
                              Include reference to 
                              measures taken to ensure 
                              sample representivity and                      *    2017: 374m in 2 " 
                              the appropriate 
                              calibration 
                              of any measurement tools                       *    2018/19: 2929m in 22 " 
                              or systems used. 
                              Aspects of the 
                              determination of 
                              mineralisation that are                       All drill samples were obtained by diamond 
                              Material to the Public                        drilling. Drillcore samples were provided 
                              Report.                                       to ALS 
                              In cases where 'industry                      Laboratories core sawing and for sample 
                              standard' work has been                       preparation and analysis. 
                              done this would be                            The Alum Shale, host to the mineralisation 
                              relatively simple (e.g.                       has a relatively consistent content of the 
                              'reverse circulation                          target 
                              drilling was used to                          metals. 
                              obtain 1 m samples from                       Sample interval in most cases was 2m 
                              which 3 kg was pulverised                     except where there was a lithological 
                              to produce a 30 g charge                      contact. Each lithology 
                              for fire assay'). In other                    was sampled separately. Sample was dried 
                              cases more explanation may                    at 105degC, then crushed to 70% -6 mm 
                              be required,                                  using ALS-Chemex 
                              such as where there is                        method Prep22. 100 g was split using a 
                              coarse gold that has                          riffle splitter by method SPL21, followed 
                              inherent sampling                             by fine pulverizing 
                              problems. Unusual                             to 85% less than 75 micron by method 
                              commodities                                   PUL31. 
                              or mineralisation types                       10-20 grams of pulp subsample were 
                              (e.g. submarine nodules)                      dispatched to ALS in Ireland for ICP 
                              may warrant disclosure of                     multi-element analysis. 
                              detailed information. 
 Drilling techniques          Drill type (e.g. core,       Diamond drill core; standard tube; all but one hole were 
                              reverse circulation,         drilled vertically 
                              open-hole hammer, rotary     All holes were drilled with BQTQ (core diameter 47mm) 
                              air blast, auger, Bangka,    All holes were surveyed downhole for direction at usually 
                              sonic, etc) and details      3m intervals. The holes show minimal 
                              (e.g. core diameter,         downhole deviation , with a maximum location error at the 
                              triple or standard tube,     bottom of a hole of c. 6m. 
                              depth of diamond tails, 
                              face-sampling bit or other 
                              type, whether core is 
                              oriented and if so, by 
                              what method, etc). 
 Drill sample recovery        Method of recording and      Any core loss is marked by the drillers and then recorded 
                              assessing core and chip      in the log by the geologist. 
                              sample recoveries and        The Alum Shale, host to the mineralisation, consistently 
                              results assessed.            has recoveries of +95%. In addition 
                              Measures taken to maximise   the material has relatively consistent values of the target 
                              sample recovery and ensure   metals. 
                              representative nature of 
                              the samples. 
                              Whether a relationship 
                              exists between sample 
                              recovery and grade and 
                              whether sample bias may 
                              have occurred due to 
                              preferential loss/gain of 
                              fine/coarse material. 
 Logging                      Whether core and chip        Core was aligned and checked for continuity and marked out 
                              samples have been            in one meter intervals. It was 
                              geologically and             checked for drill bit marking as bit matrices are known to 
                              geotechnically logged to a   contain molybdenum. Comments were 
                              level                        recorded in the database regarding the presence of bit 
                              of detail to support         marks. 
                              appropriate Mineral          Core was geologically logged recording lithology, 
                              Resource estimation,         oxidation, mineralogy (where possible), 
                              mining studies and           texture & structure and scanned with a handheld 
                              metallurgical                scintillometer. Down hole depth intervals 
                              studies.                     were recorded with an accuracy of 20 cm. 
                              Whether logging is           All core was photographed. 
                              qualitative or               All core was geologically logged. 
                              quantitative in nature. 
                              Core (or costean, channel, 
                              etc) 
                              photography. 
                              The total length and 
                              percentage of the relevant 
                              intersections logged. 
 Sub-sampling techniques      If core, whether cut or      Core was sawn in half using a core saw. 
 and sample preparation       sawn and whether quarter,    All drill holes were diamond drill holes. 
                              half or all core taken.       *    Half core was taken using a sample interval of 2 m. 
                              If non-core, whether               Sample was dried at 105degC, then crushed to 70% -2 
                              riffled, tube sampled,             mm using ALS method Prep22. 100 g was split using a 
                              rotary split, etc and              riffle splitter, followed by fine pulverizing to 85% 
                              whether sampled wet or             less than 75 micron by method PUL31. 
                              dry. 
                              For all sample types, the 
                              nature, quality and           *    10-20 grams of pulp subsample were dispatched to ALS 
                              appropriateness of the             in Ireland for ICP analysis. 
                              sample preparation 
                              technique. 
                              Quality control procedures    *    Precision of sampling and analysing pulps is 
                              adopted for all                    considered to be within +/- 5% and acceptable for use 
                              sub-sampling stages to             in resource estimation at any confidence level. 
                              maximise representivity 
                              of samples. 
                              Measures taken to ensure     The grain size of the Alum Shale is extremely fine, less 
                              that the sampling is         than 10 microns, and commonly around 
                              representative of the        1 micron. The uranium mineralisation is finely disseminated 
                              in-situ material             throughout the shale, again at 
                              collected,                   a micron scale or less. Consequently the mineralisation and 
                              including for instance       its host rock are very well represented 
                              results for field            in the 2m samples of core collected (average sample 3.3 
                              duplicate/second-half        kg). Because of the extremely fine 
                              sampling.                    nature of the mineralisation each drill core sample may 
                              Whether sample sizes are     contain many millions of individual 
                              appropriate to the grain     grains of uranium minerals. Therefore sample size is 
                              size of the material being   appropriate. 
                              sampled. 
 Quality of assay data and    The nature, quality and      Because of the very fine nature of the host Alum Shale and 
 laboratory tests             appropriateness of the       the mineralisation minerals, it 
                              assaying and laboratory      is considered that the laboratory procedures are 
                              procedures used and          appropriate for this mineralisation. The 
                              whether the technique is     ICP method after 4 acid digestion is considered to give 
                              considered partial or        near total assay for all resource 
                              total.                       elements. 
                              For geophysical tools,       ALS also assayed 2 standards, 1 duplicate and 1 blank for 
                              spectrometers, handheld      each batch of 40 samples as part 
                              XRF instruments, etc, the    of their internal QAQC. QAQC data were inspected by Aura 
                              parameters used in           before data were accepted and entered 
                              determining the analysis     into the Aura database. 
                              including instrument make    In addition Aura inserted 1 blank, 1 certified reference 
                              and model, reading times,    sample and 1 duplicate in every 25 
                              calibrations                 samples for QAQC 
                              factors applied and their    Review of these QAQC results indicates acceptable levels of 
                              derivation, etc.             accuracy and precision have been 
                              Nature of quality control    established. 
                              procedures adopted (e.g. 
                              standards, blanks, 
                              duplicates, external 
                              laboratory checks) and 
                              whether acceptable levels 
                              of accuracy (i.e. lack of 
                              bias) and precision 
                              have been established. 
 Verification of sampling     The verification of          No twin holes were drilled. 
 and assaying                 significant intersections    The following information primary data is recorded: Collar, 
                              by either independent or     alteration, assays, drilling type, 
                              alternative company          Geology, Geotech, Magnetic susceptibility, mineralisation, 
                              personnel.                   radiometrics, samples, scintillometer, 
                              The use of twinned holes.    spectrometer, structure, veining, surface samples, batch 
                              Documentation of primary     details. 
                              data, data entry             All logging was done by the geologist digitally in an Excel 
                              procedures, data             spreadsheet. Photos of the core 
                              verification, data storage   are taken after the hole was logged. Data is kept on site 
                              (physical                    on an external hard drive as well 
                              and electronic) protocols.   as being sent by email to Aura Energy in Australia where it 
                              Discuss any adjustment to    was uploaded into the independently 
                              assay data.                  managed EarthSQL data base. 
                                                           No data enters the database without verification by the 
                                                           Database Manager. 
                                                           Database managed by external contractor EarthSQL. 
                                                           In house copy and backup offsite. 
                                                           No adjustment to assay data. 
 Location of data points      Accuracy and quality of      Drill hole collar locations have been surveyed by with an 
                              surveys used to locate       accuracy of 20 cm. Initial location 
                              drill holes (collar and      is taken during drilling with handheld GPS when the casing 
                              down-hole surveys),          has been put down. 
                              trenches, mine workings      All 2018/19 holes were recorded in grid system SWEREF 99 
                              and other locations used     TM, the standard Swedish projection. 
                              in Mineral Resource          Holes were vertical in all cases except Hole 39. The 
                              estimation.                  drilling contractor conducted down hole 
                              Specification of the grid    surveys for deviation using a Reflex Ex Trac survey device 
                              system used.                 with a reading at 3m intervals. 
                              Quality and adequacy of      Downhole deviation was slight. 
                              topographic control.         The 2018/19 drillholes are located on an approximate 100 m 
                                                           by 100 m grid with 2 holes placed 
                                                           centrally within the the 100m squares; exact locations 
                                                           depended partially on access. 
                                                           Topography: RL was surveyed by DGPS with an accuracy of c. 
                                                           20 cm. 
 Data spacing and             Data spacing for reporting   All data reported in this release is based on drilling as 
 distribution                 of Exploration Results.      described. 
                              Whether the data spacing     The vast majority of sample intervals are 2 m in length, 
                              and distribution is          except where this interval contained 
                              sufficient to establish      a lithological contact, in which case each litholy was 
                              the degree of geological     sampled separately. 
                              and grade continuity 
                              appropriate for the 
                              Mineral Resource and Ore 
                              Reserve estimation 
                              procedure(s) 
                              and classifications 
                              applied. 
                              Whether sample compositing 
                              has been applied. 
 Orientation of data in       Whether the orientation of   The mineralisation occurs in sub-horizontal sheets. It is 
 relation to geological       sampling achieves unbiased   considered that vertical drilling 
 structure                    sampling of possible         is the most appropriate drilling orientation for this 
                              structures and               mineralisation. 
                              the extent to which this 
                              is known, considering the 
                              deposit type. 
                              If the relationship 
                              between the drilling 
                              orientation and the 
                              orientation of key 
                              mineralised 
                              structures is considered 
                              to have introduced a 
                              sampling bias, this should 
                              be assessed and reported 
                              if material. 
 Sample security              The measures taken to        Drillcore was collected by Aura personnel from the 
                              ensure sample security.      drillsite and immediately taken and housed 
                                                           in Aura's local locked core shed. After logging the core 
                                                           was transported to ALS Laboratories 
                                                           facility by either Aura or ALS personnel for core sawing, 
                                                           sample preparation and assaying. 
 Audits or reviews            The results of any audits    The site was visited during the drilling program by 
                              or reviews of sampling       independent resource consultant Rupert 
                              techniques and data.         Osborn of H&S Consultants who reviewed and reported 
                                                           favourably on procedures employed. 
===========================  ===========================  ============================================================ 
 

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

 
 Criteria                   JORC Code explanation                                             Commentary 
 Mineral tenement and       Type, reference name/number, location and ownership including     The drilling reported 
 land tenure status         agreements or material issues                                     was located on 
                            with third parties such as joint ventures, partnerships,          exploration permit 
                            overriding royalties, native title                                Häggån No. 1. 
                            interests, historical sites, wilderness or national park and      This permit 
                            environmental settings.                                           is held 100% in the name 
                            The security of the tenure held at the time of reporting along    of Vanadis Battery 
                            with any known impediments                                        Metals AB, a 100% owned 
                            to obtaining a licence to operate in the area.                    subsidiary of Aura 
                                                                                              Energy 
                                                                                              Limited. 
                                                                                              Only standard Swedish 
                                                                                              government royalties 
                                                                                              apply to these permits 
                                                                                              No native title 
                                                                                              interests are known to 
                                                                                              exist in the two 
                                                                                              permits. 
                                                                                              A small, 2 hectare 
                                                                                              Natura 2000 area occurs 
                                                                                              against the eastern 
                                                                                              boundary of 
                                                                                              Häggån 
                                                                                              No.1 permit; this area 
                                                                                              is not in the vicinity 
                                                                                              of the currently planned 
                                                                                              mining area should 
                                                                                              a project be initiated 
                                                                                              at Häggån 
                                                                                              The Häggån Nr 
                                                                                              1 Exploration permit on 
                                                                                              which the entire 
                                                                                              resource is situated is 
                                                                                              valid 
                                                                                              until 28/8/2022. 
 Exploration done by        Acknowledgment and appraisal of exploration by other parties.     The area has not been 
 other parties                                                                                explored prior to Aura 
                                                                                              Energy. 
 Geology                    Deposit type, geological setting and style of mineralisation.     Mineralisation at is 
                                                                                              hosted by bedded black 
                                                                                              shales of the Cambrian 
                                                                                              to Ordovician Alum Shale 
                                                                                              in tectonically or 
                                                                                              otherwise 
                                                                                              stratigraphically 
                                                                                              thickened metal enriched 
                                                                                              north-north-west 
                                                                                              striking 
                                                                                              elongated geological 
                                                                                              domains. The mineralised 
                                                                                              sequence outcrops in an 
                                                                                              area in the east of 
                                                                                              the tenement but 
                                                                                              elsewhere underlies a 
                                                                                              variably thin cover of 
                                                                                              limestone. Minor 
                                                                                              inter-beds 
                                                                                              of carbonate enriched 
                                                                                              shale or siltstone 
                                                                                              occasionally occur 
                                                                                              within the mineralised 
                                                                                              sequence. 
                                                                                              The mineralised unit 
                                                                                              overlies a mixed 
                                                                                              sequence of siltstone 
                                                                                              and massive mineralized 
                                                                                              back shale 
                                                                                              above a granitoid 
                                                                                              gneissic basement. 
                                                                                              It is interpreted that 
                                                                                              there are a series of 
                                                                                              overthrusts which have 
                                                                                              displaced and caused 
                                                                                              thickening 
                                                                                              of Alum Shale within the 
                                                                                              resource area, and the 
                                                                                              sub-horizontal thrust 
                                                                                              sheets have influenced 
                                                                                              the grade distribution 
                                                                                              within the 
                                                                                              Häggån 
                                                                                              deposit. 
 Drill hole Information          A summary of all information material to the understanding   Drillhole collar 
                                 of the exploration results including                         locations are shown on 
                                 a tabulation of the following information for all Material   Figure 2 of the ASX 
                                 drill holes:                                                 Announcement which this 
                                  *    easting and northing of the drill hole collar          table 
                                                                                              accompanies. Drillhole 
                                                                                              location information for 
                                  *    elevation or RL (Reduced Level - elevation above sea   intersections reported 
                                       level in metres) of the drill hole collar              is presented in Table 
                                                                                              2. 
 
                                  *    dip and azimuth of the hole 
 
 
                                  *    down hole length and interception depth 
 
 
                                  *    hole length. 
 
 
                                 If the exclusion of this information is justified on the 
                                 basis that the information is not 
                                 Material and this exclusion does not detract from the 
                                 understanding of the report, the Competent 
                                 Person should clearly explain why this is the case. 
 Data aggregation methods   In reporting Exploration Results, weighting averaging             Grades reported are 
                            techniques, maximum and/or minimum grade                          simple averages over the 
                            truncations (e.g. cutting of high grades) and cut-off grades      interval specified with 
                            are usually Material and should                                   no weighting or grade 
                            be stated.                                                        truncation. 
                            Where aggregate intercepts incorporate short lengths of high 
                            grade results and longer lengths 
                            of low grade results, the procedure used for such aggregation 
                            should be stated and some typical 
                            examples of such aggregations should be shown in detail. 
                            The assumptions used for any reporting of metal equivalent 
                            values should be clearly stated. 
 Relationship between       These relationships are particularly important in the reporting   The mineralisation 
 mineralisation widths      of Exploration Results.                                           occurs in sub-horizontal 
 and intercept lengths      If the geometry of the mineralisation with respect to the drill   sheets. It is considered 
                            hole angle is known, its nature                                   that vertical drilling 
                            should be reported.                                               is the most appropriate 
                            If it is not known and only the down hole lengths are reported,   drilling orientation for 
                            there should be a clear statement                                 this mineralisation. 
                            to this effect (e.g. 'down hole length, true width not known'). 
 Diagrams                   Appropriate maps and sections (with scales) and tabulations of    Appropriate maps and 
                            intercepts should be included                                     sections, and 
                            for any significant discovery being reported These should         tabulations of 
                            include, but not be limited to a                                  intersects, can be found 
                            plan view of drill hole collar locations and appropriate          on the Aura Energy 
                            sectional views.                                                  website 
                                                                                              (www.auraenergy.com.au) 
                                                                                              or in releases to the 
                                                                                              Australian Stock 
                                                                                              Exchange (ASX), 
                                                                                              available 
                                                                                              on the ASX website. 
 Balanced reporting         Where comprehensive reporting of all Exploration Results is not   . 
                            practicable, representative 
                            reporting of both low and high grades and/or widths should be 
                            practiced to avoid misleading 
                            reporting of Exploration Results. 
 Other substantive          Other exploration data, if meaningful and material, should be     This information has 
 exploration data           reported including (but not                                       been reported to the ASX 
                            limited to): geological observations; geophysical survey          over the 10 years since 
                            results; geochemical survey results;                              the discovery drill 
                            bulk samples - size and method of treatment; metallurgical test   hole. 
                            results; bulk density, groundwater, 
                            geotechnical and rock characteristics; potential deleterious or 
                            contaminating substances. 
 Further work               The nature and scale of planned further work (e.g. tests for                 The results 
                            lateral extensions or depth extensions                                       of the 
                            or large-scale step-out drilling).                                           2018/19 
                            Diagrams clearly highlighting the areas of possible extensions,              drilling 
                            including the main geological                                                campaign 
                            interpretations and future drilling areas, provided this                     reported in 
                            information is not commercially sensitive.                                   the ASX 
                                                                                                         release to 
                                                                                                         which this 
                                                                                                         table 
                                                                                                         is attached 
                                                                                                         have been 
                                                                                                         passed to 
                                                                                                         independent 
                                                                                                         resource 
                                                                                                         consultants 
                                                                                                         who will 
                                                                                                         produce a 
                                                                                                         resource 
                                                                                                         estimate. 
=========================  ================================================================  ========================= 
 

[1] Refer Table 1 for further drillhole details

[2] Aura ASX announcement date 23 May 2018 : New Resource Estimate - Haggan Battery Metals project

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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