Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (February 2012)
24 slides from Aura Energy's investor presentation, Feb 21, 2012
Slide 1: Swedish Scoping Study delivers excellent results
Aura Energy Swedish Scoping Study delivers For personal use only excellent results February 2012 Investor Presentation Dr Bob Beeson
Slide 2: Häggån: >$1 billion project
Häggån: >$1 billion project For personal use only independent scoping study completed on the back of exceptional metallurgical results: o confirms economic viability for bioheap leach project o NPV range ($65/lb uranium price) US$228M to $2,780M, most likely NPV of $1,090M (pre-tax, 10% discount rat
Slide 3: Sweden – top mining destination
Sweden – top mining destination o historic culture of mining For personal use only o excellent infrastructure o Europe’s largest copper mine & biggest iron ore producer o many mines zinc, gold etc.. o low sovereign risk mining destination – tops Fraser Institute survey o low corporate tax rate & roy
Slide 4: Sweden – top mining destination
For personal use only Sweden – top mining destination o nuclear power – 50% of electricity needs o legislation & regulations very supportive of mining o transparent permitting system o permitting similar to other 1st world countries ie. Australia & Canada o Häggån in commercial forestry areas
Slide 5: Billion tonne resource underpins viability
Billion tonne resource underpins viability o giant uranium field For personal use only o huge resource - 631 million pounds U₃O₈* inferred resource with 1.79Bn tonnes @ grade – 160 ppm U₃O₈ o enhanced value with co-products: o nickel - 1277 Mlbs o zinc - 1790 Mlbs o molybdenum - 843 Mlbs o equivalen
Slide 6: Häggån project 3D uranium
Häggån project 3D uranium For personal use only 6
Slide 7: Low cost, low risk, large mining project
Low cost, low risk, large mining project For personal use only o initial pit shells contain >741 Mt inferred resource – most of project undrilled o planned nominal 30 Mtpa operation with 25 year initial mine life - scope to expand o low mining costs - strip ratio of 0.75:1 o target initial annual pr
Slide 8: Tried & tested - producing mine, Finland
Tried & tested - producing mine, Finland For personal use only o Talvivaara, Finland modern mine based on shales like Aura’s Häggån project o bioleach recovers: 0.8 Mlbs pa from 17ppm U3O8 ore o Cameco funding & offtake Talvivaara Project, Finland agreement for U3O8 o nickel, zinc, copper & cobalt r
Slide 9: West Africa
For personal use only West Africa long-term existing mining operations ◦ supportive government ◦ emerging democracies extensive corporate activity ◦ established mining codes ◦ Aura’s greenfields success
Slide 10: Strong Position in Mauritania
Strong Position in Mauritania For personal use only o greenfield discovery of significant new uranium field o 100% properties plus 2 joint venture permits o one of largest land holders - 11,000 km2 o with 40% of known radiometric anomalies 10
Slide 11: Substantial First Resource – 50Mlbs
Substantial First Resource – 50Mlbs For personal use only o major calcrete uranium resource o initial resource: 50 Mlbs of uranium at average grade of 330ppm U3O8 compliant with JORC code* o mineralisation in single flat- lying sheets from within 1m of surface o mineralisation 1-10m thick o potentia
Slide 12: Well positioned amongst global resources
Well positioned amongst global resources For personal use only Reguibat one of the largest calcrete deposits not in development 12
Slide 13: High activity levels - 2012
High activity levels - 2012 For personal use only o scoping study indicates Häggån project has very strong economics o next stage bio-heap leaching tests for Häggån o upgrade resource at Häggån o resource drilling & expansion in Mauritania o metallurgical testwork programme for Reguibat, leading to
Slide 14: Uranium sector heating up
Uranium sector heating up For personal use only o new takeover bids - uranium valuations around $8-10/lb o Hathor Exploration contested by Rio Tinto & Cameco o China Guangdong Nuclear Power Group acquires Kalahari Resources, lodged takeover bid for Extract Resources o Bannerman Resources walked away
Slide 15: High performance management
High performance management For personal use only o on track & fully delivering on company strategy – to seek out major projects that will deliver major upside in development & production o largest uranium resources of any ASX-listed company, exceeding ERA (619Mlbs) & Paladin (503Mlbs); only BHP Bil
Slide 16: A hot stock!!!
A hot stock!!! For personal use only big projects, low costs, heading to commercialisation 2 major Sweden, Häggån: major project moving forward projects Mauritania, Reguibat: major calcrete uranium resource established, potential for further expansion positive uranium sector heating up industr
Slide 17: Appendices
For personal use only Appendices
Slide 18: Sweden - Bioleaching well suited to mineralisation
Sweden - Bioleaching well suited to mineralisation o positive bio-heap leaching results For personal use only underpins scoping study o tests indicate extractions of: o 85-90% uranium o 60-90% zinc o 55-65% nickel o 25-45% molybdenum o improved extraction expected o multi product extractions - lift
Slide 19: Häggån – Top global uranium project
Häggån – Top 10 global uranium project For personal use only 1200 1047 5 1000 4.5 Series 1 4 Series 2 800 705 Series 3 3.5 Mlbs uranium 631 Series 4 3 600 513 Series 5 2.5 352 Series 6 400 350 350 343 2 315 Series 7 1.5 212 200 Series 8 1 Series 9 0.5 0 Series 10 0 Series 11 Category 1 Category 2
Slide 20: Swedish operating mines
Swedish operating mines For personal use only o LKAB - Kiruna iron ore o LKAB - Gruvberget iron ore o Northland - Kaunisvaara iron ore o Boliden AB - Aitik copper mine o Dragon Mining - Svartliden gold o Lundin Mining - Zinkgruvan zinc o Boliden AB - Garpenberg base metals
Slide 21: Inferred Resource Statement
Inferred Resource Statement For personal use only
Slide 22: Inferred Resource Statement
Inferred Resource Statement For personal use only
Slide 23: Corporate
Corporate For personal use only ASX Code: AEE Share price: 20c (19 Feb 2012) Market capitalisation: A$31 M Cash position: $4.1 M (Feb 2012) Shares: 154,445,785 Main shareholders: UBS Nominees 6.8% Drake Resources 4.5% National Nominees 4.2% Yarandi Investments 3.4% 23
Slide 24: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement For personal use only o 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. o This pres