Ann: Haggan Vanadium Project Update, page-14

HÄGGÅN SCOPING STUDY
Excerpt:
”Aura has commenced a revised Scoping Study for the Häggån Project focusing on the potential for a major vanadium project. The Scoping Study is expected to be completed in early 2019.”
http://www.auraenergy.com.au/h%C3%A4gg%C3%A5n-sweden.html

23 MAY 2018 NEW RESOURCE ESTIMATE – HÄGGÅN BATTERY METALS PROJECT
Excerpts:
”Drilling techniques and hole spacing The 2018 Häggån Resource Estimate is based on several drilling campaigns:
▪ 2008: 3453m in 17 diamond drillholes
▪ 2010: 5091m in 25 diamond drillholes
▪ 2011: 2279m in 10 diamond drillholes
▪ 2012: 1625m in 9 diamond drillholes
▪ 2015: 149m in 1 diamond drillhole
▪ 2017: 374m in 2 diamond drillholes
”Hole spacing over most of the resource is approx. 400 m by 400 m, with precise locations determined by ease of access. The final 3 drillholes were spaced 100m as the start of a resource upgrade drilling campaign.”
”Drill holes at Häggån are on an irregular grid with a nominal spacing of 400x400 m. Drill hole assays were composited to two metres for estimation. Block dimensions are 200x200x10m (E, N, RL respectively). The plan dimensions were chosen as they are nominally half the drill hole spacing. The vertical dimension was shortened to reflect downhole data spacing and flat-lying nature of the mineralisation. Discretisation was set to 5x5x2 (E, N, RL respectively).”
”The maximum extrapolation of Inferred Mineral Resource estimates is 380 m. The relatively large extrapolation distances are supported by the continuity and predictably indicated by the areas drilled.”

Kind regards,