Aurora Energy Metals Limited · ASX:1AE
Aurora Energy Metals — RIU Resurgence Conference 2023
24 slides from Aurora Energy Metals's conference presentation, Nov 22, 2023
Slide 1: Advancing the USA's largest measured uranium deposit
Advancing the USA’s largest measured uranium deposit RIU Resurgence Conference 22 November 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Aurora Energy Metals Limited, to assist it in “Measured Resources”, “Indicated Resources” and “Inferred Resources” are to those terms as defined informing interested parties about the Company and its progress. It should not be considere
Slide 3: Overview
Overview • Why uranium? • Why US Uranium? • Why Aurora? AURORAENERGYMETALS.COM 3
Slide 4: Overview: Why uranium?
Overview • Why uranium? • Why US Uranium? • Why Aurora? AURORAENERGYMETALS.COM 4
Slide 5: Spot uranium price at 15 year high
Spot uranium price at 15 year high Year-to-date spot price is up over 67%, contracting volumes at decade high U3O8 Price US$/lb UxC projects a 66 Mlb deficit for 2023, a 34% shortfall compared to forecast demand of 195 Mlbs Source: Numerco, UxC and Canaccord Commentary, Company Analysis AURORAENERGY
Slide 6: Geopolitical tensions
Geopolitical tensions Globally, a bifurcated market has brought energy security to the fore Negligible production in the regions with the bulk of current demand1 • Market imbalance between location of demand & supply. • Exacerbated by Russia’s invasion of Ukraine. • Demand building in the east – Chi
Slide 7: Towards Net Zero
Towards Net Zero Nuclear power resurgence gathering momentum • US and UK to lead pledge to triple nuclear power by 2050 at COP28 • Supported by France, Sweden, Finland and South Korea, amongst others • France leads a pronuclear coalition of 16 EU Member States to replace the EU Green Deal with a Cle
Slide 8: Inventory Depletion
Inventory Depletion The inventory overhang is now depleted, and production shortfalls are the future’s reality 1. UxC Presentation – NEI International Uranium Fuel Seminar, October 2023 AURORAENERGYMETALS.COM 8
Slide 9: Overview: Why US Uranium?
Overview • Why uranium? • Why US Uranium? • Why Aurora? AURORAENERGYMETALS.COM 9
Slide 10: Why US domestic uranium is so important?
Why US domestic uranium is so important? The world’s largest uranium consumer imports almost all its requirements1 • World’s largest nuclear power fleet – hence the world’s largest uranium consumer. Where does the USA get its uranium? • Well established nuclear power sector with no infrastructure re
Slide 11: US Uranium Boom & Bust
US Uranium Boom & Bust Supply is almost nonexistent in the world’s largest consumer of uranium Weapons Inventory Megatons to Inventory Procurement Accumulation Megawatts Depletion Mlbs U3O8 Source: Company Analysis, WNA AURORAENERGYMETALS.COM 11
Slide 12: And why there's a resurgent US Uranium Mining Sector
And why there’s a resurgent US Uranium Mining Sector Aggressive plans to re-establish a reliable, domestic nuclear fuel supply chain1 Civil Nuclear Credit Program Strategic Uranium Reserves Bi-Partisan Support Where does the USA get its uranium? Financial support for nuclear power plants at risk • U
Slide 13: Overview: Why Aurora?
Overview • Why uranium? • Why US Uranium? • Why Aurora? AURORAENERGYMETALS.COM 13
Slide 14: One of the largest US Uranium Deposits
One of the largest US Uranium Deposits 107.3 Mt @ 214 ppm U33O88 for 50.6 Mlb U33O88 – focussed on the shallow high-grade core: 18Mt @ 485 ppm U33O88 for 19.2 Mlb U33O88 The largest mineable, measured and indicated uranium mineral Hi-grade Global resource in the USA Mineral Resources (Mlb U3O8) Core
Slide 15: Key Points
Key Points Why invest? Resource Quality Aurora Energy Metals Project: • Large, well-defined deposit The USA’s largest mineable, measured and indicated uranium deposit Great Infrastructure • Direct access to hydroelectricity • Sealed and unsealed roads Clear pathway to development • Mine in Oregon, p
Slide 16: Aurora Uranium Project
Aurora Uranium Project The Project has inherent competitive advantages • Historical mining district – excellent infrastructure. • 1970’s discovery, extensively drilled. • Large, well-defined resource (50.6 Mlb U3O81). • Focused on shallow, high-grade core: • 18Mt @ 485 ppm U3O8 for 19.2 Mlb U3O81. •
Slide 17: Established, Clear Pathway to Development
Established, Clear Pathway to Development Use existing infrastructure, roads and most importantly, available hydroelectricity supply Power mine with emissions free, low-cost hydro-electricity • Mine in Oregon Process plant in Nevada, on private land. • Excellent infrastructure for Plant: • Existin
Slide 18: Corporate Snapshot
Corporate Snapshot Advancing the USA’s largest measured uranium deposit Capital Structure (on an undiluted basis, as at 21 November 2023) 1AE 179m 11% 11% ASX Code Shares on Issue (inc. 19.9m escrowed) 48% 10% A$14M 30m Market Cap (at A$0.078 per share) Options (21.2m @ $0.15, 6m @ $0.20, 2.85m @ $0
Slide 19: Concluding Remarks
Concluding Remarks US Jurisdiction: Asset Quality: Infrastructure: Attractive valuation: Reasons to invest in The world’s largest Largest mineable Will enable accelerated Significant upside Aurora Energy Metals uranium consumer, M&I uranium development, with given current trying to revitalise resour
Slide 20: Appendices
Appendices Appendices AURORAENERGYMETALS.COM 20
Slide 21: Well Defined Mineral Resource
Well Defined Mineral Resource Well understood, with over 600 holes drilled, but still some exploration upside1 High Grade Core: 18Mt @ 485 ppm U3O8 for 19.2 Mlb U3O81 1. ASX 23 November 2022 – 34% Increase in Total Uranium Resource to 50.6 Mlbs Maiden Measured Resource Declared at Aurora Uranium Dep
Slide 22: Low Geological Risk
Low Geological Risk Global resource ~82% Measured and Indicated, High grade core ~99.5% Measured and Indicated1 100m 1. ASX 23 November 2022 – 34% Increase in Total Uranium Resource to 50.6 Mlbs Maiden Measured Resource Declared at Aurora Uranium Deposit AURORAENERGYMETALS.COM 22
Slide 23: Uranium Resource Summary
Uranium Resource Summary1 1. High grade zone estimated using a 300 ppm U3O8 cut-off 2. Low grade zone estimated using a 100 ppm U3O8 cut-off 3. Appropriate rounding applied JORC Disclaimer: Information in this announcement relating to Exploration Results and Mineral Information in this announcement
Slide 24: Greg Cochran, Managing Director & CEO
Greg Cochran Managing Director & CEO E: info@auroraenergymetals.com Suite 1, 245 Churchill Avenue SUBIACO WA 6008 P: 08 6465 5500 www.auroraenergymetals.com 24
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