WA Exploration Tenements

Aurora Energy Metals has broadened its portfolio with the addition of highly prospective uranium exploration tenements in Western Australia, secured through the Metalbelt option agreement. These tenements are located in regions known for their potential to host significant uranium mineralization, particularly within palaeochannel systems.

Key Highlights:

• Prospectivity: Elevated uranium anomalies have already been identified, providing a strong foundation for exploration.
• Low Impact Development: Palaeochannel uranium systems are recognized for offering low-cost, low-capital development pathways with minimal environmental impact.
• Strategic Diversification: The tenements align with Aurora’s strategy to diversify its asset base and enhance growth opportunities in a stable and mining-friendly jurisdiction.

While uranium mining is currently banned in Western Australia, there is increasing national and state-level discussion about the role of uranium and nuclear power in achieving decarbonization goals. Aurora recognizes this growing momentum and believes that WA has the potential to contribute significantly to global uranium markets. The company is committed to responsibly exploring its tenements and ensuring they are well-positioned for future opportunities as policy discussions evolve.

Aurora plans to conduct a thorough exploration program to evaluate these tenements, leveraging its local expertise to unlock their potential. This initiative complements Aurora’s flagship Aurora Uranium Project in the U.S., positioning the company as a leader in global uranium markets.