Aura Energy Ltd · ASX:AEE
Aura Energy — BGF Equities Conference (June 2010)
26 slides from Aura Energy's conference presentation, Jun 29, 2010
Slide 1: ASX Announcement: Investor Presentation
ASX ANNOUNCEMENT 29 JUNE 2010 For personal use only INVESTOR PRESENTATION Please find attached the latest Investor Presentation for Aura Energy Limited (ASX Code AEE, “Aura”). The Company also wishes to advise that it has launched its new website. The website can be viewed at www.auraenergy.com.au.
Slide 2: Drilling delivering on strategy
For personal use only “Drillingg deliveringg on strategy” gy INVESTOR “deliveringPRESENTATION on strategy” BGF Equities Conference Presentation Bob Beeson Managing By Director Bob Beeson June 2010Director Managing J June 2010 1
Slide 3: Overview
Overview For personal use only • introduction • the road so far far... • Storsjön district, Sweden • West Africa • goals for 2010 • why invest in Aura Energy 2
Slide 4: Corporate
Corporate For personal use only ASX Code: AEE (listed May 2006) Market capitalisation: A$13.32 M (at 16c) Cash position: $2.8M (Mar 10) Shares: 83.2 M Main shareholders: UBS Nominees 9.5% GCM Resources Plc 9.5% Drake Resources Ltd 4.3% Board & Management 4.5% 3
Slide 5: Focussed on Growth
Focussed on Growth For personal use only 9 drilling fully delivering on company strategy 9 focus on 2 key projects: Sweden & West Africa 9 Sweden, Storsjön: massive potential ‐1bn pounds of U₃O₈ in inferred resources defined in adjoining tenements (Continental) 9 West Africa, Reguibat: substantial e
Slide 6: Advanced Projects
Advanced Projects For personal use only Storsjön, Sweden Mauritania, West Africa Niger, W Africa West Af i W di Wondinong, Australia A t li 5
Slide 7: Significant Company Milestones
Significant Company Milestones For personal use only Extended Systematic First Announced First drilling into exploration drilling in Listed in Sweden Gunbarrel in Africa Africa Africa on ASX JV JORC compliant Drilling at Gunbarrel U Second Extended resource Gunbarrel intercepts drilling in Drilling
Slide 8: Sweden a mining friendly nation
Sweden a mining friendly nation Sweden: For personal use only • Historic culture of miningg • 26.3% corporate tax rate • Royalties R lti negligible li ibl • Largest iron ore producer in Europe • Low production costs • Legislation g and regulations g veryy supportive pp of miningg • Excellent infrast
Slide 9: Storsjön District, Sweden
Storsjön District, Sweden For personal use only • 100% pproject j ownership p • 1 bn pounds of U3O8 in inferred resources defined in adjoining tenements (Continental) • Aura focus ‐ thicker, better grade Alum Shale • molybdenum & vanadium co‐products p add potential value 8
Slide 10: 2010 Drill Programme Complete
2010 Drill Programme Complete For personal use only • drilling intersected thick mineralisation over wide area • every drill d ll hole h l in 18 km2 k Häggån å permit intersected mineralisation • thickness >250m locally • several intersections with > 0.04% molybdenum oxide (MoO3) & 0.3% vanadium oxi
Slide 11: Massive Resource Potential
Massive Resource Potential For personal use only • total exploration target of 800 ‐ 1200 Mlb U3O8 • partial resource – potential for one of largest world resources 10
Slide 12: Low Mining Cost
Low Mining Cost For personal use only • thick, continuous, flat‐lying • easy dig • coherent bodies of better grade mineralisation >200 ppm U3O8 • near‐surface, low cost open‐pit mining 11
Slide 13: High Recoveries
High Recoveries For personal use only • uranium extracted from Alum Shales in southern Sweden in 1960s • ANSTO initial testwork on conventional leaching – initial results give 90‐93% recovery • Continental testwork gives high recoveries of uranium, molybdenum and vanadium Aura samples at Parker Cent
Slide 14: Bio-heap Leach Low Cost Alternative
Bio‐heap Leach Low Cost Alternative For personal use only • Parker Centre/CSIRO commenced bio‐heap leach testworkk • sulphidic uranium ores lend th themselves l t bi to bioleach l h technology • advantage d t off low l capital it l & operating costs
Slide 15: Next Steps - Storsjön
Next Steps ‐ Storsjön For personal use only • complete assays over next 2 weeks • JORC compliant resource by end July 2010 • drilling only on eastern partt off H Haggan, covering i 5 km2 (5% Aura’s permits) • ongoing i metallurgical ll i l testwork • talk lk to prospective partners 14
Slide 16: West African Projects
West African Projects For personal use only 15
Slide 17: Strong Ground Position in Mauritania
Strong Ground Position in Mauritania For personal use only • successful project identification & acquisition • 9 granted permits in Mauritania • greenfield discovery of significant new uranium field • Aura a major player in the field • 2 joint j i t ventures t plus l Aura A 100% properties 16
Slide 18: Reguibat Rapidly Advancing
Requibat Rapidly Advancing For personal use only • calcrete mineralisation over wide areas at surface • uranium mineralisation within zones of strong radiometric response • drilling & pitting demonstrates major tonnage potentiali l at good grade 17
Slide 19: 2010 Drill Programme
2010 Drill Programme For personal use only • 16 km2 tested • 392 holes • half of holes mineralised @ > 100ppm U3O8 • confirms widespread mineralisation 2‐4m thick • supports exploration target of 40‐60 Mlbs of U3O8 Mineralised holes (yellow dots), Zone A, Oued El Foule Est • strong evidence of under
Slide 20: High Quality Resource Potential
High Quality Resource Potential For personal use only • Reguibat target very competitive on size and grade • grade potential separates Requibat from many calcrete projects 19
Slide 21: Next Steps - Mauritania
Next Steps ‐ Mauritania For personal use only • Only a small proportion of anomalies tested • undertake further drilling to advance project • major geophysical survey – 3,000 km2 now being covered by radiometrics • aim to release resource statement compliant with JORC by early 2011 20
Slide 22: Upside - bedrock potential
Upside p - bedrock p potential For personal use only • bedrock yet to be tested on Aura tenements • Forte F t resource drilling at Bir en Nar ‐ 16m @ 1617ppm pp U3O8 • similar anomalies in Aura ground • grades up to 2060 2060ppm U3O8 att surface at Agouyme 21
Slide 23: Significant News Over Next Months
Significant News Over Next 9 Months For personal use only • Sweden – first JORC resource – metallurgical testwork – scoping studies • Mauritania – next stage of drilling – expand areas of radiometric survey – first JORC resource • drilling on Western Australia projects • develop pipeline of other pr
Slide 24: Aura Upside Potential
Aura Upside Potential For personal use only • major opportunity for share price growth as Aura achieves its targets • comparatives indicate undervalued 23
Slide 25: Why Invest in Aura?
Why Invest in Aura? For personal use only 9 track record of delivering on strategy 9 Sweden, Storsjön: massive potential ‐1bn pounds of U₃O₈ in inferred resources defined in adjoining tenements (Continental), initial resource statement next month 9 West Africa, Reguibat: substantial exploration targ
Slide 26: Disclaimer
Disclaimer 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 presentation should not be relied