Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (June 2021)
21 slides from Aura Energy's investor presentation, June 2021
Slide 1: Zero Emission Uranium Investor Presentation
ASX:AEE AIM:AURA ZERO EMISSION Investor Presentation URANIUM June 2021
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 in connection with a potential offering of securities by the Company
Slide 3: Investment Highlights
INVESMENT HIGHLIGHTS • The Tiris Emission Free Uranium Project is a low capex project based on a major greenfields uranium discovery in Mauritania • 49 Mlb U3O8 resources from 66 mt @ 334 ppm U3O8 • Definitive Feasibility Study completed1: • Low capital cost of US$62.9 million • Low C1 cash cost of
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Aura Energy (ASX:AEE) is focused on the development of its low-capex, Zero Emission Tiris Uranium Project to meet the increasing demand for uranium, as the world shifts towards a decarbonised global energy system. The Tiris Uranium Project is a major greenfields uranium discovery
Slide 5: Board and Management
BOARD AND MANAGEMENT PETER REEVE – CEO & MANAGING DIRECTOR • Over 35 years in the Australian resources industry - a metallurgist and has held positions with Rio Tinto, Shell-Billiton, Newcrest and Normet Consulting. • 7 years at JB Were as a Resource Specialist Fund Manager and Resource Corporate Fi
Slide 6: Project Overview
PROJECT OVERVIEW WORLD CLASS PROJECTS FOR THE ENERGY TRANSITION TIRIS URANIUM – MAURITANIA – 100% HÄGGÅN VANADIUM – SWEDEN 100% COMPLETED DEFINITIVE FEASIBILITY STUDY H I G H G R A D E B AT T E R Y M E TA L S • Low capital cost of US$62.9 million • 15.2 Billion lb Indicated + Inferred • Low C1 cash
Slide 7: Project Advancement Initiatives
PROJECT ADVANCEMENT INITIATIVES The Company has committed to undertake a series of activities to enhance and further advance the project towards near-term development, as per the outlined below: • Update the Tiris Resource with additional existing Sadi drillholes • Water drilling program to enhance
Slide 8: Project Advancement Initiatives
PROJECT ADVANCEMENT INITIATIVES Activity Description Indicative Timeframe Cost Tiris Vanadium • 3,000 existing sample pulps from drilling in 2011 will be resubmitted for assay for vanadium. Q3 2021 $80,000 Estimate • Several dozen drill holes from Sadi South to be submitted for assay, with a resourc
Slide 9: Tiris Uranium Project
TIRIS URANIUM PROJECT BUILDING BLOCKS TO PRODUCTION AND CASHFLOW PROJECT • Definitive Feasibility Study Completed • Further resource expansion initiatives planned for Q2 & Q3 2021 • Production and first cashflow target - 1 year from project go-ahead Mauritania URANIUM OFFTAKE EXECUTED* • 800,000 lbs
Slide 10: Definitive Feasibility Study
DEFINITIVE FEASIBILITY STUDY L O W C A P E X & L O W O P E R AT I N G C O S T PROJECT ATTIBUTES: • Shallow flat-lying surface mineralisation • Low-cost mining • Simple extraction method KEY OUTCOMES OF THE STUDY WERE: • Low capital cost of US$62.9 million • Low C1 cash cost of US$25.43/lb U3O8 • All
Slide 11: Shallow Trenching
SHALLOW TRENCHING REVEALS URANIUM CALCRETE DEPOSIT WITH M I N E R A L I S AT I O N CARNOTITE URANIUM IN A W E AT H E R E D G R A N I T E H O S T • Free Digging Mining • No Drill and Blast • Permitting in a remote desert location URANIUM M I N E R A L I S AT I O N AS CARNOTITE 11
Slide 12: Simple Ore Upgrade
SIMPLE ORE UPGRADE EMISSION FREE URANIUM FOR THE ENERGY TRANSITION 12
Slide 13: Aura Energy Peer Comparison
AURA ENERGY PEER COMPARISON L O W C A P E X , L O W O P E R A T I N G C O S T, L O W M A R K E T C A P Low Capital = Do-able Project Low AISC = Positive Cashflow US$21.00 Low Market Cap = Value Generation US$17.15 US$37.00 US$29.81 US$31.20 *Bubble size = AISC US$/lb U308 * Comparisons between proje
Slide 14: The Uranium Market
THE URANIUM MARKET S U P P LY & D E M A N D SUPPLY DEFICIT • Uranium consumed globally per year is -20Mlbs more than the amount that is mined annually, creating a significant supply deficit. COVID DISRUPTION • The global pandemic has impacted upon production resulting in a further deficits, with pro
Slide 15: The Uranium Market
THE URANIUM MARKET L I M I T E D S U P P LY A N D H I G H D E M A N D Source: World Nuclear Association, The Nuclear Fuel Report: Global Scenarios for Demand and Supply Availability 2019-2040 15
Slide 16: Häggån Vanadium Project
HÄGGÅN VANDIUM PROJECT H I G H G R A D E VA N A D I U M • 100% owned 15.2 Billion lb Vanadium Resource (330 Mt 100% owned 15.1 Indicated + 14,880 Mt Inferred)1 Billion lb Vanadium • 1.1 Billion lb High-Grade Zone Resource (Inferred) • 124 million tonnes @ 0.43% V2O5 (1.1 Billion lbs V2O5) • Shallow
Slide 17: Gold and Base Metals in Mauritania
GOLD AND BASE METALS IN MAURITIANA • Exceptional gold and base metal properties secured early 2017 • 105 km of virgin Greenstone belt with little exploration • Further field work to commence immediately, with three high priority greenstones zones to be surveyed, for a total of 6221 stations to be su
Slide 18: Summary Highlights
SUMMARY HIGHLIGHTS • The Tiris Emission Free Uranium Project is ‘’one of the worlds most compelling uranium development projects’ due to its: • Low capex • Low opex • Fast timeline to development • Tiris Uranium - Definitive Feasibility Study completed • Tasiast South Gold Project exceptional with s
Slide 19: Contact
CONTACT Peter Reeve Managing Director preeve@auraee.com +61 417 377 114 Jane Morgan Investor & Media Relations jm@janemorganmanagement.com.au +61 405 555 618 19 This ASX Release authorised by the Managing Director Aura Energy Limited Level 3, 62 Lygon Street Carlton South 3053
Slide 20: JORC Resource - Tiris Zero Emission Uranium Project
APPENDIX JORC RESOURCE -TIRIS ZERO EMISSION URANIUM PROJECT Cut-off Grade U3O8 ppm Class Tonnes/Mt U3O8 ppm U3O8 (MLBS) Measured 10.2 240 5.3 100 Indicated 24.5 220 11.7 Inferred 23.6 230 11.9 Total 58.3 230 29 Measured 4.5 350 3.5 200 Indicated 9.5 340 7.0 Inferred 8.6 390 7.3 Total 22.6 360 17.9 M
Slide 21: Häggån Project - Global Inferred Resources
APPENDIX HÄGGÅN PROJECT - GLOBAL INFERRED RESOURCES • Global Inferred Resource of 15.2 billion lbs V2O5 at 0.27% (0.1% cut-off) • At 0.4% cut-off, Inferred Resource is 90 million tonnes at 0.42% V2O5 • Includes contiguous high-grade zone of 49 million tonnes at +0.4% V2O5 between 20 and 100 metres d