Aura Minerals Inc. · NASDAQ:AUGO

Aura Minerals — Investor Presentation (May 2014)

26 slides from Aura Minerals's investor presentation, May 2014

  1. Slide 1: Corporate Presentation

    Corporate Presenta,on Informa,on as of May 2014 TSX: ORA

  2. Slide 2: Cautionary Notes

    Cau,onary Notes This presentation is subject to change without notice and does not purport to be comprehensive or contain all the information necessary to evaluate the subject matter discussed herein. Accordingly, this document should not form the basis of, and should not be relied upon in connectio

  3. Slide 3: Corporate Snapshot

    Corporate Snapshot Recent Share Price Performance ORA vs. Gold Metrics $0.25 40% $0.20 20% 0% $0.15 -20% $0.10 -40% -60% $0.05 -80% $- ORA GDXJ Spot Gold As of May As of Mar. Stock Info 27, 2014 Liquidity 31, 2014 Major Ownership Share Price C$0.13 Cash US$10.2 Million Shareholders* (Es,mated) Cypru

  4. Slide 4: Asset Summary

    Asset Summary Aranzazu (Mexico) ¹ Primary commodity: Copper Avg. ProducBon: 30M lbs. per year Avg. Cash Costs: $1.15-­‐1.25 / lb. Life of Mine: 16 years (beginning in 2015) San Andres (Honduras) ² Primary commodity: Gold Avg. ProducBon: 80,000 oz. per year Avg. Cash Costs: $900 / oz. Life of Mine: 1

  5. Slide 5: 2014 Outlook and 2013 Results

    2014 Outlook and 2013 Results Opera,on 2013 Q1/2014 2014 Guidance San Andres ProducBon (oz) 63,811 17,665 75,000-­‐85,000 Cash Cost ($/oz) $1,131 $764 $800-­‐$950 Sao Francisco ProducBon (oz) 105,541 20,357 75,000-­‐85,000 Cash Cost ($/oz) $1,144 $1,328 $900-­‐$1,050 Sao Vicente ProducBon (oz) 37,60

  6. Slide 6: Investment Highlights

    Investment Highlights • Strong Copper and Gold Resource Platform to Support Organic Growth • Executing 2 Transformational Projects: • Aranzazu capacity expansion from 2,600 tpd to 4,500 tpd (addresses scale, efficiency and profitability) • Serrote Copper Project (Significantly De-Risked) • Significa

  7. Slide 7: Management Team Overview

    Management Team Overview Senior management team focused on development and execuBon: highly experienced individuals with varied mining, technical, operaBonal and finance skills Jim Bannan,ne, P. Eng. Rory Taylor, CA President and CEO CFO Joined Aura in October 2011 Joined Aura in March 2012 • Partner

  8. Slide 8: Transforming from a gold-copper company to a low cost copper-gold producer

    Transforming from a gold-­‐copper company to a low cost copper-­‐gold producer 2013A 2014E 2015E 2016E 2017E Move to Toronto Corporate Financing Corporate Decrease G&A (Q3) by ~40% Ramping up to 18-­‐19.5 M lbs Expansion: Expansion: Roaster Aranzazu 13.623 M lbs >30M lbs. per NI 43-­‐101 Update ~25M

  9. Slide 9: Aranzazu Overview and Outlook

    Aranzazu Overview and Outlook LocaBon Zacatecas, Mexico Ownership 100% (Acquired in 2008 – Commercial producBon February 2011) Project Type Open Pit-­‐Under Ground, flotaBon M&I Resources1 588 M lbs. Cu; 390Koz. Au Capacity 2,600 tpd expanding to 4,500 tpd 2013 Results 13,615,949 lbs. Q1/2014 Results

  10. Slide 10: Aranzazu: Expansion and Upgrade of Flagship Copper Asset

    Aranzazu: Expansion and Upgrade of Flagship Copper Asset § TransformaBon of Aranzazu is ongoing, certain items are on hold pending compleBon of the financing Produc,on (pending financing) § PEA published in August 2012 outlined key improvements 40.0 35.3 § InstallaBon of roaster to reduce arsenic c

  11. Slide 11: Aranzazu Capital Projects

    Aranzazu Capital Projects Planned Capital Expenditures (Plant Expansion and Roaster pending financing) MINE DEVELOPMENT, $41 million PLANT EXPANSION, $39 million ROASTER, $33 million § Intended to enable access to higher § AddiBonal mill, paste-­‐fill plant and § Lower treatment, refining and penalB

  12. Slide 12: San Andres Overview

    San Andres Overview LocaBon Honduras Ownership 100% (Acquired in August 2009) Project Type Open Pit, Heap Leach P&P Reserves1 1,129 Koz. M&I Resources1 1,660 Koz. (includes mineral reserves) Throughput 18,600 tpd Life of Mine 10 years 2013 Results 63,811 oz. 2014 Guidance 75,000-­‐85,000 oz. § Incr

  13. Slide 13: San Andres Key Operating Initiatives

    San Andres Key Opera,ng Ini,a,ves § Future IniBaBves: § Power cost reducBon through the use of a combinaBon of grid connecBon and solar to obtain flexibility and lower power costs § Projected Life of Mine cash cost of $900 per oz 90.0 $1,200 80.0 $1,000 70.0 Cash Costs ($/oz) Production (Koz.) 60.

  14. Slide 14: São Francisco Overview / São Vicente Overview

    São Francisco Overview São Vicente Overview § Open pit, heap leach, gravity circuit § Open-­‐pit, heap leach, gravity circuit § Mining expected to conBnue to mid-­‐2015 § Ceased mining in November 2013, minimal producBon planned in 2014 § Key iniBaBves: § Heap neutralizaBon and shutdown acBviB

  15. Slide 15: Serrote Project Provides Valuable Long-Term Option

    Serrote Project Provides Valuable Long-­‐Term Op,on § A wholly-­‐owned development-­‐stage copper-­‐gold project which is the Company’s core development asset § Feasibility study completed with ssignificant reserve posiBon: ~1.0 BB lbs. contained Cu (proven and probable)* § Meaningfully increases

  16. Slide 16: Peer Comparison – Enterprise Value/EBITDA

    Peer Comparison – Enterprise Value/EBITDA 7.0x 6.0x 5.0x 4.0x 3.0x 2.0x 1.0x 0.0x Aura Teranga Timmins Lakeshore Luna Source: esBmates derived from publicly available informaBon TSX : ORA 16

  17. Slide 17: Peer Comparison – Enterprise Value/Production oz

    Peer Comparison – Enterprise Value/Production oz $4,500 $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 Aura Teranga Timmins Luna Lakeshore Banro Source: esBmates derived from publicly available informaBon TSX : ORA 17

  18. Slide 18: Corporate Social Responsibility

    Corporate Social Responsibility § Aura’s corporate responsibility framework includes four core principles: § Protect the environment and the health and safety of people § Value honesty and integrity § Promote open communicaBon and transparency § Strive to conBnuously improve corporate responsib

  19. Slide 19: Appendix

    Appendix Aura Minerals Inc.

  20. Slide 20: NI 43-101 Technical Reports

    NI 43-­‐101 Technical Reports Scientific or technical information contained herein was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), based on the technical reports set forth below and other information filed by the Company with the

  21. Slide 21: Reserve & Resource Statement – Copper

    Reserve & Resource Statement – Copper Aranzazu Mineral Resources (as of September 1, 2011) Tonnes Copper Copper Gold Gold Silver Silver Category (‘000) (%) (‘000 lbs) (g/t) (‘000 oz.) (g/t) (‘000 oz) Measured 8,338 1.36 250,215 0.82 219 14.06 3,768 Indicated 9,432 1.63 338,523 0.56 171 21.45 6,504 M

  22. Slide 22: Reserve & Resource Statement – Copper

    Reserve & Resource Statement – Copper Serrote Mineral Reserves (for Sulphide material as of April 10, 2012) Classifica,on1 Material t (x 1,000) Cu (%) Au (g/t) Magne,te (%) NSR $/t 50,805 Proven2, 4 0.54 0.10 7.09 25.26 Probable2, 3, 4 34,667 0.50 0.09 7.82 22.77 Total Reserves 85,471 0.52 0.10 7.38

  23. Slide 23: Reserve & Resource Statement – Gold

    Reserve & Resource Statement – Gold San Andres Mineral Reserves and Resources (as at December 31, 2013) Reserve Category Tonnes (000) Au (g/t) Contained Ounces (000) Proven 13,714 0.50 237 Probable 53,388 0.52 892 Total Proven and Probable Reserves 68,102 0.52 1,129 * Mineral Reserves at cut-­‐off of

  24. Slide 24: Reserve & Resource Statement – Gold

    Reserve & Resource Statement – Gold Sao Francisco Mineral Reserves and Resources Mineral Reserve and Resource Estimates as at December 31, 2013* Reserve Category Tonnes (000) Au (g/t) Contained Ounces (000) Proven 2,662 0.71 60.8 Probable 1,107 0.72 25.6 Total Proven and Probable Mineral 3,772 0.71

  25. Slide 25: Reserve & Resource Statement – Gold

    Reserve & Resource Statement – Gold Sao Vicente Mineral Reserves and Resources Mineral Reserve and Resource Estimates as at December 31, 2013* Reserve Category Tonnes (000) Au (g/t) Contained Ounces (000) Proven -­‐ -­‐ -­‐ Probable -­‐ -­‐ -­‐ Total Proven and Probable Mineral -­‐ -­‐ -­‐ Reserves

  26. Slide 26: Contact Information

    Contact InformaBon Aura Minerals Inc. 155 University Ave, Suite 1240 Toronto, ON M5H 3B7 Canada Ph: +1.416.649.1033 Fax: +1.416.649.1044 Email: info@auraminerals.com

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