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THE HAGGAN PROJECT HAS THE POTENTIAL TO BE A GLOBALLY SIGNIFICANT PRODUCER OF BATTERY METALS

AURA COMMENCES PROCESS FOR POTENTIAL LISTING OF H£GG£N SEPARATELY ON MULTIPLE INTERNATIONAL STOCK EXCHANGES

SHORTLISTING OF INVESTMENT BANKS AND BROKERS UNDERWAY

Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to advise that it has commenced a process to list its 100% owned Haggan Project in Sweden separately on multiple international exchanges to maximise the significant value of the Battery Metal content in the project.

Aura has previously announced it was reviewing options for the Haggan Project given the large aggregate content of Battery Metals including vanadium, molybdenum, cobalt, neodymium, nickel and zinc. Most of these metals have not been fully considered in the previous technical studies.

Metal prices rises over the past 2 years, including 400% for vanadium and 300% for cobalt, have significantly altered the aggregate metal value, and value-mix, of the Haggan deposit. These changes are the key drivers to this reassessment of Haggan.

Peter Reeve, Aura Energy's Executive Chairman said "Aura has always considered Haggan to be the company's most valuable long-term asset and the significant recent price rise in Battery Metals has transformed Haggan's current value proposition. Haggan now has potential to be one of the world's largest sources of Battery Metals and the Company believes a separate listing in this environmn separately with a focussed Swedish management team and the resources to independently finance and propel the project with the new impetus of the growth in Batteries Metals is a very appealing strategy to drive development of this substantial multi-commodity project.

The Haggan Polymetallic project was the subject of a Scoping Study in August 2012 with very favourable technical and financial outcomes however that study did not consider;

Vanadium recovery

Cobalt recovery

Neodymium recovery

Optimisation and improvement of the by-product base metal recoveries or

Downstream processing of Battery Metals as integrated manufacturing industries