Aura Energy Ltd · ASX:AEE
Aura Energy — Australian Uranium Conference 2009
20 slides from Aura Energy's conference presentation, Jul 27, 2009
Slide 1: Large uranium resource potential in Sweden, West Africa and Australia
For personal use only Large uranium resource potential in Sweden, West Africa and Australia
Slide 2: 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
Slide 3: Aura Energy
Aura Energy For personal use only Building shareholder value through: • Advancing major projects through resource status to feasibility and production • Evaluation of its exploration portfolio • Partnerships ‐ GCM Resources plc and Mega Uranium • Aura Energy status – Three major greenfields discover
Slide 4: Aura profile
Aura profile For personal use only Listed on the Australian Stock Exchange Key strength Market capitalisation A$8 m (at 13c) The experience of the executives and management in the uranium Cash position $2.2 million business, and their success in Shares: 64.8 million exploration and M&A Options: 3 mi
Slide 5: Aura operations
For personal use only Aura operations
Slide 6: Aura in Western Australia
Aura in Western Australia For personal use only • Listed on the basis of a WA calcrete portfolio in 2006 • Continued to be active in the state • JORC‐compliant resource at the Wondinong calcrete uranium deposit • Drilling in the completely untested Junction palaeochannel in the Gunbarrel JV at prese
Slide 7: Storsjön district, Sweden
Storsjön district, Sweden Becoming one of the world’s largest uranium provinces For personal use only • Aura holds approximately half of the Storsjön district in Sweden • 1.05 billion pounds of uranium oxide in inferred resources defined in adjoining tenements in the Jämtland Project • Potentially t
Slide 8: Storsjön Project: A major new discovery
Storsjön Project: A major new discovery For personal use only • Licences over thickest known developments of the shale • Also major vanadium, molybdenum and nickel resource
Slide 9: Aura holds at least half of the Storsjön district
Aura considers that it holds at least half of the Storsjön district For personal use only • Aura currently holds 45% of the thicker, better grade Alum Shale • More potential than Continental to expand the prospective area – Large areas undrilled • This thickness of shale infers the presence of >3 bi
Slide 10: Why Aura considers that so much uranium is present
Why Aura considers that so much uranium is present For personal use only • Continuous, flat‐lying mineralisation over kilometres • Near‐surface, low mining cost • Coherent bodies of better grade mineralisation over 200 ppm U3O8 • Much of Aura’s permits not drilled – only 24 holes in 110 km2
Slide 11: Storsjön Projects: Mining and processing
Storsjön Projects Mining and processing For personal use only • Resources will be at or near surface – Open pit or bulk underground mining • Uranium has been previously mined from the Alum Shales in southern Sweden – Recoveries 85% of U3O8 • Aura will focus on maximum recovery of all metals present
Slide 12: Moving the project towards feasibility
Moving the project towards feasibility Aura’s immediate programme For personal use only • Resource drilling • Engineering studies • Metallurgical testwork • Engagement of local stakeholders • Stage 1(initial resource): – $4 million • Stage 2 (Pre‐feasibility): – $11 million
Slide 13: Africa Alliance with GCM Resources plc
Africa Alliance with GCM Resources plc For personal use only • Alliance to identify and acquire high quality projects in West Africa • Remarkably successful project identification and acquisition – Greenfield discoveries of significant new uranium fields – Discovery of good grade calcrete mineralisa
Slide 14: Requibat Project: Extensive calcrete uranium mineralisation at surface
Requibat Project: Extensive calcrete uranium mineralisation at surface in northern Mauritania For personal use only • Three uranium exploration licences have been granted to the Alliance • Uranium mineralisation, ranging up to 0.32% U3O8, in shallow sampling pits • The uranium mineralisation is loca
Slide 15: Oued el Foule Est pit sampling
Oued el Foule Est pit sampling For personal use only • Area A 3.0 km long radiometric zone – 10 out of 15 sample pits contained significant uranium mineralisation – average 810 ppm U3O8 • Mineralisation appears to be as strong at the base of the pits as at surface
Slide 16: Requibat Project: Planned drilling to test continuity and grade
Requibat Project Planned drilling to test continuity and grade For personal use only • Plan to advance Project rapidly to resource status – Programme approved by Aura Board • Initial drilling programme to test continuity and grade of deposit – Cost$480,000 – Timing September‐October • Targeting a co
Slide 17: Fai Project, Mauritania
Fai Project, Mauritania For personal use only • One of the largest and strongest radiometric anomalies in Mauritania • Uranium‐bearing gravels covering 17 km2 – May be up to 4 times this size under sand cover • Average grade 140ppm U3O8 based on three pits
Slide 18: Fai Permit: Mineralisation potential
Fai Permit Mineralisation potential For personal use only • Mineralisation at surface in loose gravels • Potential for low cost heap leach operation – Target resource 10‐45 Mlbs U3O8 – Based on area defined by radiometrics and interpreted under sand cover Microscopic section showing porosity
Slide 19: Advancing the Fai Project to pre-feasibility
Advancing the Fai Project to pre‐feasibility For personal use only • Systematic pattern drilling – May give inferred resource depending on variation – Cost $180,000 • Preliminary metallurgical testwork to determine recoveries • Targeting scoping study early in 2010 if this work is successful
Slide 20: Why invest in Aura?
Why invest in Aura? For personal use only • Share price growth as three main projects progress • Storsjön Project contains uranium for many decades of production • Requibat has the essential elements of a major uranium project – size and grade • Fai Project has the potential to progress quickly thro