Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (August 2013)
22 slides from Aura Energy's investor presentation, Aug 8, 2013
Slide 1: High Margin Uranium Projects for Any Uranium Market
For personal use only High Margin Uranium Projects for Any Uranium Market Aura Energy Ltd Investor Presentation August 2013 1
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement For personal use only This presentation has been prepared to provide information on Aura Energy Limited’s projects. It is not intended as an offer, invitation solicitation or recommendation with respect to the purchase or sale of any securities. This pres
Slide 3: Aura - Moving from explorer to developer
Aura - Moving from explorer to developer For personal use only big projects, low costs, heading to commercialisation Häggån, Sweden: 2nd largest undeveloped uranium resource globally Significant project Reguibat, Mauritania: Major uranium resource established; scale with beneficiation game chang
Slide 4: What Makes a Great (Mining) Company?
What Makes a Great (Mining) Company? For personal use only good people, similar ethics, who get along expertise in their chosen area execution innovation – strategy / edge etc Aura has an abundance of these; exceptional geologists and metallurgists – 30 years together Häggån and Reguibat
Slide 5: Aura Energy Ltd: The basis for a global uranium business
Aura Energy Ltd The basis for a global uranium business For personal use only Häggån, Sweden 803Mlbs U₃O₈ in Inferred Resources 2nd largest undeveloped resource globally amenable to open pit mining bioleaching provides exceptionally low processing costs Scoping Study cash costs ~ $13/lb in
Slide 6: Häggån - Excellent location & infrastructure
Häggån - Excellent location & infrastructure For personal use only close to rail, air and road links to Stockholm and Norway abundant power abundant water Häggån site favourable for mining ............... “because of low relief, limited population and restricted competing land use” (Source:
Slide 7: Thick, sheet-like deposit provides large resource
Thick, sheet-like deposit provides large resource For personal use only multiple stacked thrust sheets – upside volumes large good mining characteristics similar geology to non- deformed Alum Shale in the south of Sweden 7
Slide 8: Häggån 803Mlbs U3O8 with By-Product Credits
Häggån 803Mlbs U₃O₈ with By-Product Credits For personal use only giant multi-metal deposit: Uranium U₃O₈ 803Mlbs nickel – 1,640Mlbs Other recovered zinc – 2,230Mlbs metals equate to ~ 300Mlbs U₃O₈ molybdenum – 1,070 Mlbs U3O8 (100ppm Tonnes U3O8 Mo V Ni Zn Cut-off) (Bt) (ppm) (ppm) (ppm)
Slide 9: Proven bacterial leaching to be applied
Proven bacterial leaching to be applied For personal use only bacterial leaching is a key technical breakthrough for the Project up to 85% uranium extraction confirmed proven leaching technique widely used in copper and gold industries low acid consumption confirmed three different scales
Slide 10: Low cost, low risk, large mining project
Low cost, low risk, large mining project For personal use only Independent Studies: pit shell contains >741 Mt 30 Mtpa, 25 yr life 7.8Mlbs U3O8 pa low mining costs - strip ratio of 0.75:1 operating cost$13/lb incl by product credits Scoping Study CAPEX approx $550m smaller scales to be
Slide 11: Exploration target upside
Exploration target upside For personal use only independent resource consultants have defined substantial upside at the deposit 1-2 billion tonnes in Exploration Target permits sparsely drilled, expectation of resource growth highlights the strategic nature of the Häggån deposit Aura’s Häggå
Slide 12: Sweden – a top mining destination
Sweden – a top mining destination For personal use only nuclear power provides 50% of national electricity needs Nuclear reactors in Europe low corporate tax rate (22%) & royalties low sovereign risk destination – 2nd Fraser Institute survey history & culture of mining Europe’s largest cop
Slide 13: Aura Energy Ltd: The basis to grow a uranium business (Reguibat)
Aura Energy Ltd The basis to grow a uranium business For personal use only Reguibat, Mauritania • 48 Mlbs U3O8 Inferred Resources (calcrete) • average grade of 330ppm • substantial beneficiation upgrade >1000ppm • easy mining from surface, 1-10m thick • Mauritania highly ranked as an African mining
Slide 14: Strong position, plus upside, in Mauritania
Strong position, plus upside, in Mauritania For personal use only Drilling confirmed additional 1.8km2 of mineralisation Drilling confirmed additional 0.6km2 of Open to south & north mineralisation 11.4km2 of anomalies not drill tested Drilling confirmed additional 1.0km2 of mineralisation
Slide 15: Simple process to substantially increase grade
Simple process to substantially increase grade • mineralisation For personal use only in single flat- lying sheets from within 1m of surface • removal of coarse material provides 3 times upgrade to 1,068ppm U3O8 • significantly reduces material volume, capital and operating costs 15
Slide 16: Simple process to substantially increase grade
Simple process to substantially increase grade • mineralisation For personal use only in single flat- lying sheets from within 1m of surface • removal of coarse material provides 3 times upgrade to 1,068ppm U3O8 • significantly reduces material volume, capital and operating costs 16
Slide 17: Potential for small, low capex starter operation
Potential for small, low capex starter operation For personal use only • free dig truck and shovel mining • high grade areas identified from drilling for starter pits • next step - Scoping Study • subject to funding decision to mine possible in 3 years 17
Slide 18: Strategic Plan Update
Strategic Plan Update For personal use only the Board reaffirmed the significance of the Häggån Project as potentially one of the highest margin projects in the world Häggån remains Aura’s top priority smaller project scales will be examined for Häggån. an opportunity exists for Reguibat to
Slide 19: Corporate Snapshot
Corporate Snapshot For personal use only Share price: 6.1c (5 August 2013) Market capitalisation: A$11 M Cash position: $2.0 M (30 June 2013) Shares: 179 million Code: AEE (ASX) Board Peter Reeve Non-Executive Chairman Bob Beeson Managing Director Brett Fraser Non-Executive Board Member Jules Perkin
Slide 20: Aura Energy - Summary
Aura Energy - Summary For personal use only Häggån is an extraordinary project cash costs $13/lb incl credits for Häggån • Reguibat has strong attributes to perform • upgrade factor a game changer for Reguibat excellent technical team excellent exploration upside in both projects positione
Slide 21: Häggån Resource Statement
Häggån Resource Statement For personal use only Category Cutoff Size U3O8 Mo V Ni Zn U3O8 ppm U3O8 Bt ppm ppm ppm ppm ppm Inferred 100 2.35 155 207 1,519 316 431 Competent Persons for Häggån Resource Mr. Simon Gatehouse takes responsibility for estimation of uranium and associated metals in the Hägg
Slide 22: Reguibat Resource Statement
Reguibat Resource Statement For personal use only Category Lower Cutoff Tonnes Grade Contained U308 ppm U3O8 Mt ppm U3O8 Mlb Inferred 100 68.7 330 50.2 150 67.3 340 49.9 200 60.7 350 47.3 250 48.8 380 41.3 300 35.8 420 33.4 Competent Persons for Reguibat Resource The Competent Person for the Reguiba