Aurora Energy Metals Limited · ASX:1AE
Aurora Energy Metals — Gold Coast Investment Showcase (June 2022)
25 slides from Aurora Energy Metals's conference presentation, Jun 23, 2022
Slide 1: Minerals critical for the energy transition
Minerals critical for the energy transition Gold Coast Investment Showcase Presentation 23 June 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Aurora Energy Metals Limited, to assist it in informing interested parties objectives of Aurora Energy Metals Limited are forward-looking statements that involve various risks and uncertainties. There about the Company and its progress.
Slide 3: Investment Summary
Minerals critical for Investment Unique Uranium & Lithium Focus the energy transition Summary A project with uranium and lithium mineralisation in Demand expected to increase with shift away separate geological horizons from fossil fuels Investment Summary Significant testwork Experienced and explor
Slide 4: Corporate Overview
Corporate Overview Well funded advanced explorer with a tight capital structure Capital Structure (on an undiluted basis, as at 16/06/20222) 1AE 142.6m ASX Code Shares on Issue (inc. 26m escrowed) $37M 8.8m Market Cap (at $0.26 per share) Options (6m @ $0.20; rest at $0.30) ~$7.5M ~$29.5m Cash Enter
Slide 5: Board & Management
Board & Management PETER LESTER GREG COCHRAN ALASDAIR COOKE STEVEN JACKSON Non-Executive Chairman Managing Director Non-Executive Director Company Secretary A mining engineer with over 40 years’ A highly experienced international Mr Cooke has over 30 years’ experience A member of CPA Australia who E
Slide 6: Project Location and Highlights
Project Location and Highlights Aurora Energy Metals Project • Located in south-eastern Oregon, USA. Tesla Gigafactory 1 • Well-defined existing Uranium Mineral Resource of 69.3Mt @ 248 ppm eU3O8 for 37.9Mlb eU3O8. • Confirmed lithium mineralisation in sediments overlying and surrounding the uranium
Slide 7: Aurora Energy Metals Project Geological Overview
Aurora Energy Metals Project (“AEMP”) Geological Overview • Located in the McDermitt Caldera, the USA’s largest lithium province, on federal land. • An existing, well-defined, significant Uranium Mineral Resource in shallow volcanics, with a high grade core at unconformity, below overlying lakebed s
Slide 8: Uranium and Project Infrastructure
AEMP – Uranium and Project Infrastructure Substation Gas Station • Volcanic-hosted deposit, discovered in 1979. • Over 600 drillholes completed, plus extensive metallurgical testwork and studies. • Near surface, flat-lying geometry amenable to very low strip ratio open-pit mining. • Low-cost mining
Slide 9: Uranium
AEMP – Uranium Uranium • Previous studies demonstrated a conventional open pit mine: • Shallow, low-strip ratio operation. • On-site full or partial processing plants. • Overburden potentially free-dig. • Overburden is mineralised lakebed lithium sediments, which when removed could be stockpiled and
Slide 10: Uranium – Potential Resource Upside
AEMP – Uranium – Potential Resource Upside Uranium Hole ID From (m) To (m) Interval (m) eU3O8 (ppm) AUD009 62.2 70.4 8.2 753 AUD010 57.6 97.8 40.2 672 including 57.6 76.8 19.2 1161 including 85 88.7 3.7 584 AUD011 56.7 63.1 6.4 596 and 71.3 76.8 5.5 413 AUD028 86 131.7 45.7 488 including 86.9 93.3 6
Slide 11: Uranium and Lithium
AEMP – Uranium and Lithium • Historically, uranium was the only target since the 1970’s • Aurora’s priority in 2011 was to confirm previous uranium exploration JUNE 2022 AURORAENERGYMETALS.COM 11
Slide 12: Uranium and Lithium
AEMP – Uranium and Lithium • But with Lithium Americas’ progress on its Thacker Pass Projects, Aurora assayed for lithium • Lithium was confirmed, allowing the interpretation of a large lithium exploration target area JUNE 2022 AURORAENERGYMETALS.COM 12
Slide 13: Lithium
AEMP – Lithium • The remaining core, securely stored for 10 years, has now been assayed for lithium, returning encouraging results Note: 2414 ppm Li = 0.520% Li2O JUNE 2022 AURORAENERGYMETALS.COM 13
Slide 14: Lithium
AEMP – Lithium • The remaining core, securely stored for 10 years, has now been assayed for lithium, returning encouraging results Note: 2431 ppm Li = 0.523% Li2O JUNE 2022 AURORAENERGYMETALS.COM 14
Slide 15: Lithium – Uranium Cross-Section
AEMP – Lithium Uranium • The uranium deposit often runs close to surface, which explains the lack of significant lithium intersections along the centre line Uranium Cross-Section 10640mN (Local Grid) Looking Northwest – Placer Drilling JUNE 2022 AURORAENERGYMETALS.COM 15
Slide 16: Lithium Exploration Potential
AEMP – Lithium Exploration Potential • AEMP’s current claim area is similar in size to Jindalee’s McDermitt Lithium Project and the Aurora Uranium Deposit is only a small part of the claim area Aurora Project Claims Area 5km 5km JUNE 2022 AURORAENERGYMETALS.COM 16
Slide 17: McDermitt Lithium Project - Jindalee
McDermitt Lithium Project - Jindalee • Jindalee’s exploration program has demonstrated that lithium is present in wide intersections from close to/at surface to depths of well over 100 metres 5km 5km A typical McDermitt Project Cross Section Aurora Claims Map JUNE 2022 AURORAENERGYMETALS.COM 17
Slide 18: Aurora's US Vision for the Lithium-Battery Supply Chain
US Vision for the Lithium-Battery Supply Chain Federal Consortium for Advanced Batteries National Blueprint “By 2030, the United States and its partners will establish a secure battery materials and technology supply chain that supports long-term US economic competitiveness and equitable job creatio
Slide 19: Recent US Political Developments Support Industry
Recent US Political Developments Support Industry Bipartisan support for programs supporting critical minerals gathering momentum In addition to the “Federal Consortium for Advanced Batteries National Blueprint” which was released recently, the “Permitting Action Plan” was announced on 10 May. As th
Slide 20: Work Plan – Uranium News flow
Work Plan – Uranium News flow • Drill permitting for existing uranium resource area (Q2 CY2022). • Convert existing mineral resource to Measured status (Q3 CY2022). (No additional drilling required.) • Drill program to test potential resource extension (& generate core for metallurgical testwork – T
Slide 21: Work Plan – Lithium News flow
Work Plan – Lithium News flow • Re-assay existing core from sediments overlying existing uranium mineral resource (Q3 CY2022). • Drill permitting for area surrounding uranium resource (Q2/Q3 CY2022). • Drill program (Q3 CY2022). • Define lithium exploration target (assuming success from drill progra
Slide 22: Investment Proposition
Investment Proposition Four key reasons Minerals critical Large advanced Accelerated Quality to invest in Aurora for the energy project with dual exploration management Energy Metals transition commodity focus program planned team JUNE 2022 AURORAENERGYMETALS.COM 22
Slide 23: Appendices
Appendices Appendices JUNE 2022 AURORAENERGYMETALS.COM 23
Slide 24: Uranium Resource Summary
Uranium Resource Summary • Total Resource of 38 Mlb @ 248 ppm eU3O8*. • Indicated Resource of 36.7 Mlb @ 253 ppm eU3O8*. • Shallow high-grade zone, Indicated Resource of 18 Mlb @ 444 ppm eU3O8*. JORC Disclaimer: Information in this announcement relating to Exploration Results and Mineral Resources i
Slide 25: Greg Cochran, Managing Director & CEO
Greg Cochran Managing Director & CEO E: info@auroraenergymetals.com Suite 1, 245 Churchill Avenue SUBIACO WA 6008 P: 08 6465 5500 www.auroraenergymetals.com 26
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