Ann: Aura Concludes Offtake Agreement, page-12

So with the additional "option volumes" of 1.8mill lbs at "fixed or mkt" price along with the 800,000lb now 'locked in', they have a potential to sell approx 370,000 lbs per year to Curzon........or 2.6mill lbs 'total' is possible over 7 years here with this deal...........at varying prices.

Curzon may come back for more, who knows. The deal is done (like it or not) and the door is open for additional binding OT's to be delivered..........

The 800K lb seven yr deal is roughly 115,000 lbs per yr give or take, I've no idea how this might be 'spread' over time but it's locked in "at above $44 US per lb"...............seems a reasonable start to me.............all up the 'locked in' 800K portion is worth gross approx $35.2mill US over the 7 years.

With the majority of yearly production (targeted initially to be 1mill lbs) left to be traded on 'open' mkt and subject to flux in spot pricing (which could go either way) this seems a 'safe' strategy for starters.

C1 Cash costs US$19.40/lbU₃O₈...........if they can add some V credits into this equation margins could get even healthier and they're looking at expansion cases to 3 Mlbs pa as well...........

This is a good start and places AEE in a much 'healthier' position than we were in 'yesterday' when we had no binding off takes I think.