Aura Energy Ltd · ASX:AEE
Aura Energy — Africa Downunder 2025
17 slides from Aura Energy's conference presentation, Sep 5, 2025
Slide 1: Africa Downunder Presentation
Africa Downunder Presentation 3 - 5 SEPT 2025 Near Term Uranium Producer Developing Mauritania’s world-class uranium province ASX: ASX: AEE | AEE AIM:|AURA 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: Introduction
Introduction ▪ ASX and AIM listed uranium exploration company (ASX:AEE, AIM:AURA) HÄGGÅN PROJECT Sweden ▪ Developing metals and minerals for a cleaner energy future, valuing host nations, (100% owned) communities and shareholders ‒ Strong presence in Africa – near-term production at the 91Mlb1 Tiris
Slide 4: Why Africa / Mauritania, Why uranium?
Why Africa / Mauritania, Why uranium? Africa: ▪ African continent – a significant and established uranium producer ▪ Africa wants foreign investment and mining development to assist with economic growth Mauritania: ▪ Potential to emerge as a globally significant uranium producer, well-positioned to
Slide 5: Why nuclear energy?
Why nuclear energy? Global shift towards nuclear energy for Carbon-Free Uranium Structural Supply Deficit base lode capacity Latest World Nuclear Association (WNA) data1 World Nuclear Authority (WNA) shows: Upside supply and demand case2: 6% demand growth with faster baseline growth and introduct
Slide 6: Uranium supply/demand
Uranium supply/demand Canada (15%) 19Mlbs 6 4 Nuclear Power Generation 2023 Kazakhstan (43%) Total 55Mlbs No Country (GW-HR) 5 2 Mauritania 1 US 779,186 +2Mlbs 2 China 406,484 Potential major 3 1 3 France 323,773 1 global producer 5 8 2 4 Russia 171.640 Uzbekistan (6%) 8Mlbs 5 Canada 83,465 Producti
Slide 7: Mauritania overview
Mauritania overview Stable and supportive government – ready for uranium mining President Ghazouani secured second 5-year term in June 2024 All licences required to develop and operate Tiris received Well established legislation allowing the mining and export of uranium, Western Sahara Alger
Slide 8: Tiris uranium project – Mauritania
Tiris uranium project – Mauritania Low-cost, long-life, near-term uranium producer with exceptional growth opportunities Outstanding economics1 Low costs1 Post-tax NPV8 US$499M & IRR 39% AISC: US$35.7/lb Payback 2.25 years Simple shallow open pit mining Post-tax Cash Flow US$1,502M Wet screening del
Slide 9: Tiris uranium project – key metrics
Tiris uranium project – key metrics ▪ Simple hub and spoke mining – 25 year mine life1 ▪ Ore upgrades 6 to 8 times through simple wet screening – supported by over 1000 test work samples ▪ Central processing facility conventional alkaline leaching ~0.52Mtpa ▪ Shallow free digging open pit mining - l
Slide 10: Northern Mauritania – a new uranium province
Northern Mauritania – a new uranium province ▪ Shallow calcrete hosted uranium mineralisation Eastern Tiris Resource Areas ▪ Mineral Resources1 - 91.3Mlbs U3O8 ▪ Ore Reserves2 - 33.6Mlbs U3O8 ▪ Discovery cost of only US$0.20/lb U3O8 ▪ Significant Resource growth potential ▪ Very high economic conver
Slide 11: Northern Mauritania – massive untested potential
Northern Mauritania – massive untested potential Ferkik Taoudeni Basin Radiometric targets generated from USGS/BRGM - Prism Survey radiometrics Aura Energy | 11
Slide 12: Tiris uranium project – progress over the last 18 months
Tiris uranium project – progress over the last 18 months Uranium ▪ Minerals Resources increased by 55% to 91.3Mlbs U3O81 mineralisation - carnotite ▪ Ore Reserves increased 49% to 33.6Mlbs U3O82 ▪ Project NPV increased by 29% to US$499M3 ▪ Life of Mine extended to 25 years ▪ Alternative Production T
Slide 13: Tiris uranium project – next steps
Tiris uranium project – next steps Current: ▪ Project funding – well advanced with various parties including the US DFC. ESIA posting period completed, preparation for credit underway ▪ Strategic Investors – potential to bridge equity gap or fund development, due diligence and negotiations continuin
Slide 14: Conclusions
Conclusions Clean energy demand Tiris – near-term 2Mlbspa Impressive growth pipeline producer ▪ Global commitments to de-carbonise ▪ Tiris Project – high value near-term ▪ Significant Resource growth potential energy production uranium mine with post-tax NPV of at Tiris US$499M and IRR of 39%, AISC
Slide 15: Questions
Questions Andrew Grove Managing Director and CEO agrove@auraee.com +61 414 011 383 ASX:AEE AIM:AURA Aura Energy | 15
Slide 16: Tiris Project Ore Reserves and Mineral Resources
Tiris Project Ore Reserves1 and Mineral Resources2 Tiris Ore Reserves1 Tiris Mineral Resource June 20242 Tonnes U3O8 U3O8 Tonnes U3O8 U3O8 Deposit / Class Deposit Class (Mt) (ppm) (Mlbs) (Mt) (ppm) (Mlbs) Lazare North Hippolyte East Inferred 2 172 0.8 Measured 11 237 5.6 Proved 3.6 297 2.4 Indicated
Slide 17: Häggån Mineral Resources
Häggån Mineral Resources1, 2 Häggån Mineral Resources1 V2O5 Cut-Off Tonnes V2O5 K2O Mo Ni Zn V2O5 Class % (Mt) (%) (%) (ppm) (ppm) (ppm) (Mlbs) Indicated 45 0.34 4.11 213 365 501 332 0.1 Inferred 2,503 0.27 3.37 200 312 433 14,873 Indicated 42 0.35 4.13 217 375 512 320 0.2 Inferred 1,963 0.30 3.80 2