Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (October 2022)
28 slides from Aura Energy's investor presentation, October 2022
Slide 1: Developing a world class project portfolio to become a globally significant uranium producer
Developing a world class project portfolio to become a globally significant uranium producer INVESTOR PRESENTATION ASX:AEE OCTOBER 2022 AIM:AURA
Slide 2: Disclaimer
DISCLAIMER This document, any attachments and the oral presentation on the slides (together the "Presentation") have been prepared and are being supplied to you by Aura Energy Limited (the "Company") solely for information purposes. The information and opinions in this Presentation or any other mate
Slide 3: Our Significant Assets
OUR SIGNIFICANT ASSETS TIRIS PROJECT (85% owned) Uranium-Vanadium, Mauritania HÄGGÅN PROJECT (100% owned) DFS1, Mining2 & Environmental3 permits Polymetallic – vanadium, potash, uranium Resource: 56 Mlbs U3O8 @ 270ppm4 Sweden Production Phase 1: 12.4Mlb in 15 years1 Scoping Study Q2 2022 Phase 2 exp
Slide 4: Structural Supply Deficit in Uranium
STRUCTURAL SUPPLY DEFICIT IN URANIUM Aura is well positioned to grow into servicing uranium supply deficit A TIRIS PHASE 1 B A • Initial target production of 800,000lb U3O8 B TIRIS PHASE 2 • Aiming to increase annual U308 production to 3-5m lbs with 5 years of initial production Not Covered by Suppl
Slide 5: Nuclear & the Green Energy Transition
NUCLEAR & THE GREEN ENERGY TRANSITION 10% 300% x3 OF THE WORLD’S INCREASE IN THE DEMAND FOR URANIUM ELECTRICITY COMES WORLD’S ELECTRICITY TO INCREASE 3 FOLD FROM NUCLEAR1 DEMAND BY 2030 BASED ON THESE FACTORS ALONE 5 1 - https://world-nuclear.org/information-library/current-and-future-generation/nuc
Slide 6: Nuclear & the Green Energy Transition: Renewables and Nuclear
NUCLEAR & THE GREEN ENERGY TRANSITION 40% RENEWABLES NUCLEAR ENERGY OF OF THE WORLD’S CANNOT PROVIDE A IS CARBON FREE, CAN ELECTRICITY IS BASELOAD OF POWER DELIVER A BASELOAD OF PRODUCED FROM COAL1 TO REPLACE COAL AND POWER TO REPLACE PRODUCE ONLY 29% OF COAL AND WILL GROW AS THE WORLD’S A PROPORTIO
Slide 7: Tiris Uranium Project: Near Term, Low Cost, Permitted Uranium Production
TIRIS URANIUM PROJECT: NEAR TERM, LOW COST, PERMITTED URANIUM PRODUCTION COMPETITIVE ADVANTAGE • Near term, low cost, scalable production TIRIS ADVANTAGE TIRIS ADVANTAGE • Rapid growth to maximise value in Mineral Resources • Pipeline to support globally significant uranium production 550% 80% U3O8
Slide 8: Mauritania
MAURITANIA Positioned to provide geographical diversity to the uranium market • Established Mining Code and Nuclear Law. • Major companies operating in Mauritania including Kinross, BP and Exxon Mobil • Commodities produced include gold, copper iron ore, oil and gas • Good existing infrastructure in
Slide 9: Compelling Tiris Project Fundamentals: Low Cost, Flexible Mining
COMPELLING TIRIS PROJECT FUNDAMENTALS= LOW COST, FLEXIBLE MINING PROJECT ATTRIBUTES • Shallow flat-lying surface mineralisation (1-5m) • Low-cost mining (free digging) • Simple extraction method (92% in leach) No drill and blast No crushing or grinding Shallow Ore Body THE TIRIS MINING FLEET1
Slide 10: Compelling Tiris Project Fundamentals
COMPELLING TIRIS PROJECT FUNDAMENTALS Simple upgrade dramatically SIMPLE MODULAR FLOWSHEET reduces process plant size 550% U3O8 upgrade by screening1 80% mass rejected and returned directly to mined pits BENEFICIATION PILOT PLANT COMPLETE1 10 1 ASX Release: “Tests confirm average 550% upgrading of u
Slide 11: Major Milestones Achieved for Tiris
MAJOR MILESTONES ACHIEVED FOR TIRIS Pilot plant confirms beneficiation Successful upgrade water Resource drilling FEED Study upgrade commenced Exploitation Resource licence upgrade approved Offtake drilling signed program DFS ESIA with completed approved Curzon Resource Resources Maiden upgraded Res
Slide 12: Tiris - Development Pathway
TIRIS - DEVELOPMENT PATHWAY • Near term production with the Phase 1 Tiris project: DFS complete “ We aspire to expand the Mining and Environmental permits - Received resource so that it Final Investment Decision by Q1 2023 supports expansion of Tiris First production by H2 2024 Annual U3O8 p
Slide 13: Phase 1 - Catalysts to Uranium Production
PHASE 1 - CATALYSTS TO URANIUM PRODUCTION • Complete Infill drilling to target • Phase 1 FEED Study • Commission • First shipment Resource Upgrade completed plant of Yellowcake • 10,000m drilling program • Revised Mineral Resource Estimate – • Phase 1 Decision to Mine • Commence Increase M&I resourc
Slide 14: Compelling Tiris Project Fundamentals
COMPELLING TIRIS PROJECT FUNDAMENTALS Tiris Phase 1 is a compelling low-cost project, as per 2021 Feasibility Study. NEAR TERM URANIUM PRODUCTION – PHASE 1 LOW CAPITAL & OPERATING COSTS • 1.25Mtpa for 12.4Mlb U3O8 over 15 • Tiris project Phase 1 years. • CAPEX: US$74.8M • C1 cost: $25.43/lb U3O8 • A
Slide 15: Phase 2 – Maximise Resource Value
PHASE 2 – MAXIMISE RESOURCE VALUE • Proven historic upgrade from inferred to Measured and TIRIS URANIUM RESOURCE3 Indicated 56 Million lbs U3O8 @ 253 ppm • Approximately 3-5 Mlbs U3O8 found per square km of 18.2 million pounds V2O5 @ 82 ppm continuous mineralisation1. Table 1 - Following the latest
Slide 16: Phase 2 – Maximise Resource Value
PHASE 2 – MAXIMISE RESOURCE VALUE Drilling program completed in Q4 2022 aims to increase proportion of Measured and Indicated Category.1 • 10,000m infill drilling program. (complete) • Revised Mineral Resource Estimate with increase M&I. • Revised Mineral Reserve to support Phase 2 Mine Plan • Testi
Slide 17: Tiris Modular Design for Simple Expansion
TIRIS MODULAR DESIGN FOR SIMPLE EXPANSION • 12.5% of Phase 1 Capital Estimate1 for equipment rated for up to 3.0Mlb pa U3O8 production. PHASE 1 PHASE 2 • Modular design of beneficiation and leach circuits Phase 2 Phase 2 for capital efficient expansion. Phase 1 Beneficiation Beneficiation Beneficiat
Slide 18: Tiris Development Outline
TIRIS DEVELOPMENT OUTLINE Increasing Production U3O8 production expansion to fit resources First phase Uranium • Capital efficient production • Low cost • Early cashflow - 2025 • Design max of 3.5Mlb • Low CAPEX pa U3O81 Grow Tiris Resources • Increase proportion M&I • Exploration 2025 2027 18 1 ASX
Slide 19: Development Schedule – Tiris News Flow
DEVELOPMENT SCHEDULE – TIRIS NEWS FLOW Program Completed Underway Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Phase 1 Tiris Project Confirmation test work1 Y Engage EPCM Consultant2 Y FEED Study Y Decision to Mine Value engineering V2O5 Resource3 Y V2O5 Test work Y V2O5 Circuit Sustainability GHG Emissi
Slide 20: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE ENVIRONMENTAL • Scope 1 & 2 Greenhouse Gas (GHG) emissions report complete clearly defining a Net Zero Emission Pathway for the Project. • Total baseline GHG emissions of 16,600 tCO2e per annum, representing approximately 0.15% of the total GHG emissions of Maurita
Slide 21: Häggån Vanadium Project
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Slide 22: Häggån High-Grade Vanadium Project
HÄGGÅN HIGH-GRADE VANADIUM PROJECT PROJECT HIGHLIGHTS • 100% owned 15.2 Billion lb Global Vanadium Resource1 • 1.1 Billion lb High-Grade V2O5 Zone Sweden • 124 Mt @ 0.43% V2O5 • Shallow Mine 20 to 100m • Scoping Study costs complete ADDITIONAL INITIATIVES • Swedish Gov driving Green Metal transition
Slide 23: Aura's Gold Assets
AURA’S GOLD ASSETS ARCHAEAN GREENSTONE GOLD • Archaean Greenstone Gold represents one of the last great opportunities in the world for exploration on a single large tract of Archaean greenstone geology. • With the 20 Moz operating Kinross-owned Tasiast Mine operating just 36 Km away this belt is hig
Slide 24: Corporate Snapshot
CORPORATE SNAPSHOT KEY METRICS BOARD AND MANAGEMENT ASX Code AEE Phil Mitchell Non-Executive Chairman AIM Code (LSE) AURA David Woodall Managing Director & CEO Shares on Issue 530 million Patrick Mutz Non-Executive Director Share Price (19 October ‘22) ASX:AEE - A$0.27 Warren Non-Executive Director
Slide 25: Contact
CONTACT David Woodall Managing Director and CEO dwoodall@auraee.com Jane Morgan Investor & Media Relations jm@janemorganmanagement.com.au +61 405 555 618 ASX:AEE AIM:AURA
Slide 26: Peer Comparison
PEER COMPARISON Aura Bannerman Energy Boss Energy Global Atomic Energy Fission Denison Paladin Energy NexGen Stock Code ASX:AEE ASX:BOE TSE:GLO ASX:BMN TSE:FCU NYSE:DNN ASX:PDN TSE:NXE Mkt cap (AU$)* $101m $803m $603 m $282m $603m $1,410m $2,210m $3,260m Project Tiris Honeymoon Dasa Etango PLS Wheel
Slide 27: Appendix - Tiris
APPENDIX - TIRIS Table 4: Tiris Project Capital Cost Summary Description Cost (U$M) Process Plant $45.10 Infrastructure $8.58 EPCM $6.57 Owner's cost $3.00 Contingency $4.92 Total Capital Cost 74.8 Table 5: Tiris Project Operating Cost Summary Category US$/lb U3O8 APPENDIX Contract Mining 7.16 Labou
Slide 28: Near Term, Low Cost, Permitted Uranium Production
NEAR TERM, LOW COST, PERMITTED URANIUM PRODUCTION Tiris Uranium Project • Shallow mineralisation – from surface to depth of 1-5m • Free digging – Low cost, flexible mining • Upgradability – 550% upgrade with 80% mass rejection1 • Scalable2 • 20% of Mineral Resources used in Stage 1 • Modular design