Aurora Energy Metals Limited · ASX:1AE
Aurora Energy Metals — Shareholder Meeting (November 2024)
13 slides from Aurora Energy Metals's shareholder meeting presentation, November 2024
Slide 1: Dual-Option Strategy: Unlocking Value and Broadening Uranium Exposure
DUAL-OPTION STRATEGY: Unlocking Value and Broadening Uranium Exposure Annual General Meeting Presentation November 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Aurora Energy Metals Limited, to assist it in Information in this presentation relating to Exploration results and Mineral Resources is based on informing interested parties about the Company and its progress. It should not be considere
Slide 3: Option Agreement Highlights
Option Agreement Highlights Strategic project diversification to capture long-term uranium market growth Strategic Sale of Aurora Uranium Project Acquisition of WA Exploration Projects • Opportunity to unlock the AUP’s value while reducing • Portfolio of five exploration targets across regional WA.
Slide 4: Unlocking Value in the Aurora Uranium Project
Unlocking Value in the Aurora Uranium Project Provides Aurora with up to AU$40 million in share consideration • Option Agreement executed with US company Eagle Energy Metals (Eagle) for strategic sale of the Aurora Uranium Project (AUP). • Aurora to receive initial share consideration of US$16m (A$2
Slide 5: Building Optionality through Exploration Projects
Building Optionality through Exploration Projects Broadens uranium asset portfolio in known jurisdiction, with near-term exploration upside • Secured an option to acquire 100% of Metalbelt Holdings, the holder of a portfolio of exploration tenements in Western Australia. • Tenements cover locations
Slide 6: Project Fundamentals Solid
Project Fundamentals Solid Aurora Uranium Project (AUP) now largely de-risked, with in-country expertise and funding access • Large, well-defined, mineable 50Mlb Uranium resource 81% Measured & Indicated: high-grade core of 19.2Mlb @ 485ppm. • Scoping Study complete and issued early 2024 – further m
Slide 7: Why is US domestic Uranium production so important?
Why is US domestic Uranium production so important? Domestic production only 0.5% of demand US domestic production in 2022 was 194,000 lbs. • The US has the world’s largest nuclear power fleet and Owners and operators of U.S. civilian nuclear power reactors purchased is the world’s largest uranium c
Slide 8: Strategic Rationale
Strategic Rationale Maximising value and expanding growth opportunities through targeted partnerships and regional expertise Value Realisation of Aurora Uranium Project: Option Agreement with Eagle Energy Metals enables Aurora to unlock the value of the AUP, reducing direct development risk while re
Slide 9: Next Steps
Next Steps Strategic project diversification to capture long-term uranium market growth Eagle Energy Metals Option Agreement Option to Acquire WA Exploration Projects • Shareholder Meeting in December 2024/January 2025 • Due Diligence: Conduct technical and commercial for Transaction Approval. asses
Slide 10: Ongoing Strategy
Ongoing Strategy Growth and Diversification: Explore new opportunities to expand Aurora’s exposure to the uranium sector. Energy Market Advantage: Position for gains from favourable political shifts toward clean energy and increased uranium demand. AURORAENERGYMETALS.COM 10
Slide 11: Corporate Snapshot
Corporate Snapshot Strong Board experience in uranium and development Capital Structure (on an undiluted basis, as at 28 November 2024) 1AE 179m 11% ASX Code Shares on Issue 11% A$10m 29m 48% 10% Market Cap Options (21.2m @ $0.15, 5m @ $0.20, (at A$0.056 per share) 2.85m @ $0.30) 20% ~A$1.2m ~A$8.8m
Slide 12: Uranium Resource Summary
Uranium Resource Summary1 Meas ured Indic ated Inferred Total U 3O8 Mlb U 3O8 Mlb U 3O8 Mlb U 3O8 Mlb Res ourc e Zone Mt Mt Mt Mt ppm U 3O8 ppm U 3O8 ppm U 3O8 ppm U 3O8 High Grade Zone 1 16.3 487 17.5 1.6 467 1.6 0.1 425 0.1 18 485 19.2 Low Grade Zone 2 43.2 162 15.4 19.8 161 7 26.3 155 9 89.3 160
Slide 13: Peter Lester
Peter Lester Non-Executive Chairman E: info@auroraenergymetals.com Suite 1, 245 Churchill Avenue SUBIACO WA 6008 P: 08 6465 5500 www.auroraenergymetals.com 13
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