Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (February 2025)
21 slides from Aura Energy's investor presentation, February 2025
Slide 1: Near Term Uranium Producer
FEBRUARY 2025 Near Term Uranium Producer Developing metals and minerals for a cleaner energy future ASX: AEE | AIM: AURA ASX: AEE | 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: Corporate snapshot
Corporate snapshot ▪ ASX and AIM listed uranium exploration company (ASX:AEE, AIM:AURA) with a focus on HÄGGÅN PROJECT cleaner energy since 2006 Sweden (100% owned) ▪ Developing metals and minerals for a cleaner energy future, valuing host nations, communities and shareholders ‒ Primary focus – near
Slide 4: Experienced team
Board Experienced Phil Mitchell Non-executive chair ▪ ▪ Finance and mergers and acquisitions (M&A) M&A for Robert Friedland, CFO of Rio Tinto Iron Ore team Patrick Mutz Non-executive director ▪ ▪ Significant uranium processing experience Former MD of African uranium comp, Deep Yellow and Alliance Re
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: Aura Energy – part of the energy transition
Aura Energy – part of the energy transition TIRIS – a near-term uranium producer ▪ Outstanding economics1: ‒ Post-tax NPV US$499M, IRR 39%, 2.25-year payback TIRIS PROJECT Mauritania (85% owned) ▪ Simple low-risk shallow free digging mining with no blasting, crushing or grinding ▪ High-grade leach f
Slide 7: Mauritania overview
Mauritania overview Stable and supportive government – ready for uranium mining President Ghazouani secured second 5-year term in June 2024 with 56% of primary vote All licences required to develop and operate Tiris received Well established legislation allowing the mining and export of uran
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 Screening deliver
Slide 9: Tiris uranium project – outstanding economics
Tiris uranium project – outstanding economics Updated MRE delivers significant financial outcomes1 NPV8 (post-tax) US$499M (A$734M) IRR (post-tax) 39% Payback 2.25 years Life of Mine (LOM) 25 years 1.8Mlbspa U3O8 Annual uranium produced (2.2Mlbspa over first 10 years) Total production (LOM) 43.5Mlbs
Slide 10: Tiris uranium project – simplified mining
Tiris uranium project – simplified mining ▪ Hub and Spoke mining ▪ Central processing Years 10-25 ▪ Simplified mining sequence ▪ First 3 years Lazare Nth and Sadi Sth Years 7-20 28.6km ▪ First 15 years only 3 deposits ▪ Leach Plant located adjacent to first mined area 20.1km ▪ Mined and beneficiated
Slide 11: Tiris uranium project – +2,000ppm U3O8 leach feed
Tiris uranium project – +2,000ppm U3O8 leach feed Mining MINING: ▪ Shallow free digging open pit mining <6m depth ▪ Low Strip Ratio 0.8:1 waste:ore - only 6.9Mtpa total material mined ▪ Conventional truck and shovel operation ▪ Significant flexibility accessing ore – shallow and multiple pits ▪ Back
Slide 12: Tiris uranium project – high grade leach
Tiris uranium project – high grade leach Simple proven beneficiation allows an ongoing grade advantage Beneficiation Leaching/processing plant Calcine, precipitation, packaging 87% mass ~2,000ppm leach feed Tails to pits rejected Slurry Yellowcake Scrubbing Pipeline Ion precipitation Mining and scre
Slide 13: Northern Mauritania - a new uranium province
Northern Mauritania - a new uranium province ▪ Updated Mineral Resources2 - 91.3Mlbs U3O8 Eastern Tiris Resource Areas ‒ 55% increase +32Mlbs U3O8 from recent 15,500m drill program (red drillhole locations) ▪ Ore Reserves1 - 33.6Mlbs U3O8 – 49% increase ▪ Discovery cost of US$0.20/lb U3O8 ▪ Signific
Slide 14: Northern Mauritania – massive untested potential
Northern Mauritania – massive untested potential Taoudeni Basin Radiometric targets generated from USGS/BRGM - Prism Survey radiometrics Aura Energy | 14
Slide 15: Tiris uranium project – next steps for 2025
Tiris uranium project – next steps for 2025 Air Core drilling Uranium mineralisation - carnotite 2024 achievements ▪ Final license for development and operations received ▪ Team to deliver Tiris – Owners team and EPCM contractor Wood ▪ Minerals Resources increased by 55% to 91.3Mlbs U3O81 and Ore Re
Slide 16: Häggån polymetallic project - Sweden
Häggån polymetallic project - Sweden Future facing minerals Stockholm HÄGGÅN PROJECT Sweden (100% owned) Globally significant project Bonus uranium potential 2.5B tonnes1,2 800 Mlbs Containing vanadium, sulphate of Uranium (U3O8) potash (K2SO4), U3O8, Mo, Ni, Zn Mineral Resource2 Lifting of uranium
Slide 17: Häggån polymetallic project – Sweden
Häggån polymetallic project – Sweden Future Facing Minerals Project with long-life, optionality and scalability Häggån scoping study1 Life of mine (‘LOM’) ore production 59Mt Total Resource 2,548Mt at 0.1% V2O5 cut-off Lease boundary Overall V2O5 recovery from plant feed 80% V2O5 production - LOM 16
Slide 18: 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 19: Questions
Questions Andrew Grove Managing Director and CEO agrove@auraee.com +61 414 011 383 ASX:AEE AIM:AURA Aura Energy | 19
Slide 20: Tiris Project Ore Reserves and Mineral Resources
Tiris Project Ore Reserves1 and Mineral Resources2 Tiris Mineral Resource June 20242 U3O8 U3O8 Deposit Class Tonnes Mt ppm Mlbs Hippolyte East Inferred 2 172 0.8 Measured 11 237 5.6 Tiris Ore Reserves1 Hippolyte North Indicated 7 238 3.7 Inferred 9 236 4.9 U3O8 Deposit / Class Tonnes Mt U3O8 ppm Sub
Slide 21: 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 3.80 212 337 463 13,