Aura Energy reported net loss of $931,680 for the half-year ended 31 December, a narrower loss than the £1.5m loss reported the same period a year ago.

Net cash outflows from operating and investing activities was $3,141,164 for the period, well above the $1,806,254 seen in prior period.

During the half-year, Aura made progress on the Tiris project, which achieved approval by Mauritanian authorities of the Environmental Permit. The firm said it was informed by the government that gold tenement will be granted soon.

Aura said that it plans to list the Haggan Battery Metals project as a separate vehicle towards the end of the Half-Year. The firm added that the 'rapid development of the battery sector' and 'significant vanadium content' of the Haggan Battery Metals project have created significant opportunities.

At 8:08am: (LON:AURA) Aura Energy Limited share price was -0.05p at 1.25p