Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (February 2024)
26 slides from Aura Energy's investor presentation, Feb 28, 2024
Slide 1: Near Term Uranium Producer – Tiris, Mauritania
Near Term Uranium Producer – Tiris, Mauritania + Global Scale Polymetallic asset in Sweden FEBRUARY 2024 ASX:ASX: AEE |AEE AIM: AURA | 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: Clean Energy Driving Demand
Clean Energy Driving Demand Nuclear energy essential for the global economic decarbonisation Supply deficit of between 119–242Mlbs pa by 2040 (World Nuclear Association estimate) UxC forecast demand increase from 165Mlbs to 190–200Mlbs2 in 2023, driving a 90%1 rise in uranium price in 2023 Tir
Slide 4: Corporate Snapshot
Corporate Snapshot HÄGGÅN PROJECT 0.4 8 Sweden Volume Share Price (100% owned) 0.3 6 Share Price (A$) Volume (m) 0.2 4 0.1 2 0 0 01-May-23 01-Apr-23 01-Oct-23 01-Nov-23 01-Jun-23 01-Aug-23 01-Feb-23 01-Sep-23 01-Feb-24 01-Jul-23 01-Dec-23 01-Jan-23 01-Mar-23 01-Jan-24 Shareholders5 % Macquarie Secur
Slide 5: Global Uranium Market
Global Uranium Market Baseload Power Energy Energy Security Affordability Aura Energy | 5
Slide 6: What’s Changed
What’s Changed Decarbonised energy demand is rising The transition to decarbonised electrification requires: - Growth in supply from fossil-free solutions - Development and supply of future-facing commodities Political pressure is increasing to ensure that: - Electricity is affordable Uranium will b
Slide 7: Nuclear – Key to the Carbon-free Energy Transition
Nuclear – Key to the Carbon-free Energy Transition Forecast Growth in Global Electricity Demand1 Global shift towards nuclear energy for carbon-fee base lode capacity 2010 2021 2030 2050 Spot Uranium price over US$ 100/lb U3O8 an increase of over 90% in TWh 18,548 24,700 30,621 43,672 past 12 mont
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 Operating Costs1 NPV US$ 366M IRR 34% AISC: US$ 34.5/lb Payback 2.5 years Simple shallow open pit mining ~2Mlbspa U3O8 over 17 years High-grade leach fe
Slide 9: Tiris Uranium Project – Outstanding Economics
Tiris Uranium Project – Outstanding Economics Front End Engineering Design - Financial Outcomes1 NPV8 (post-tax) US$ 366M (A$ 523M) IRR (post-tax) 34% Payback 2.5 years Life of Mine (Life of Mine) 17 years Annual Uranium Produced 1.9Mlbs U3O8 Total Production (Life of Mine) 30.1Mlbs U3O8 Free Cashfl
Slide 10: Tiris Uranium Project – FEED vs EFS
Tiris Uranium Project – FEED vs EFS Front End Engineering Design (FEED) vs Enhanced Feasibility (EFS) : 2023 EFS2 FEED1 FEED Units Uranium price continued to strengthen significantly Base Case Base Case Spot Price Uranium Price US$/lb U3O8 $65 $80 $100 2Mlbs U3O8 production rate with no staged ram
Slide 11: Tiris Uranium Project – ~2,000ppm U3O8 Leach Feed
Tiris Uranium Project – ~2,000ppm U3O8 Leach Feed Mlbs U3O8 Production ppm % MINING: 2.5 2,500 Shallow free digging open pit mining <5m depth 2.0 2,000 Avg feed grade Low Strip Ratio 0.7:1 waste:ore - only 6.4Mtpa total material mined 1.5 1,743ppm 1,500 Conventional truck and shovel operation 1.0
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 Pipeline Yellowcake Scrubbing and Ion Mining Screening Leaching
Slide 13: Northern Mauritania - A New Uranium Province
Northern Mauritania - A New Uranium Province Ore Reserves1 - 22.6Mlbs U3O8 Mineral Resources2 - 58.9Mlbs U3O8 Eastern Tiris Resource Areas Discovery cost of US$0.20/lb U3O8 Near term Exploration Target2 of 8-32Mlbs U3O8 Areas not drilled within radiometric anomalies Step out beyond the existing
Slide 14: Tiris Uranium Project – Next Steps for 2024
Tiris Uranium Project – Next Steps for 2024 Air Core drilling Uranium mineralisation - carnotite Resource drilling and Mineral Resource update Growing team to develop Tiris Continue off-take discussions with leading US nuclear utilities Project Funding inclusive of debt, strategic investors,
Slide 15: Häggån Polymetallic Project - Sweden
Häggån Polymetallic Project - Sweden Future Facing Minerals Stockholm HÄGGÅN PROJECT Sweden Globally Significant Project Bonus Uranium Potential (100% owned) 2.5B Containing Vanadium, Sulphate of tonnes1 800Mlbs Uranium (U3O8) Potash (K2SO4), U3O8, Mo, Ni, Zn Mineral Resource 2 Lifting of uranium mi
Slide 16: Vanadium Market Demand
Vanadium Market Demand Growing to support storage of renewable energy generation Vanadium Flow Battery Forecasts 70 80 Implied V2O5 Consumption (kt V2O5) Vanadium is a critical mineral in steel production Implied V Consumption (kt V) 70 60 Vanadium Flow Battery (VFB) technology is emerging as a
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: Häggån Polymetallic Project
Häggån Polymetallic Project Supplying a growing de-carbonised energy market Project Value Drivers Project Resource: Ni Zn Mo 3% 2,548Mt material at 0.1% V2O5 cut-off1: 5% 1% V2O5 - 14,900Mlbs at 0.27% V2O5 Ni –780,000t at 312ppm Ni U3O8 U3O8 Zn – 1,170,000t at 433ppm Zn 14% 14% Mo – 1,146M
Slide 19: Key Takeaways
Key Takeaways Clean Energy Demand Near-term 2Mlbspa producer - Tiris Impressive Growth Pipeline Global commitments to de-carbonise Tiris Project - Fully permitted, Resource Potential to grow beyond energy production Development Ready 18 months to 100Mlbs target at Tiris production from Financi
Slide 20: Questions
Questions Andrew Grove Managing Director and CEO agrove@auraee.com +61 141 011 383 Paul Ryan Investor & Media Relations ASX:AEE AIM:AURA pryan@citadelmagnus.com +61 409 296 511 20
Slide 21: Board and Management
Board and Management Phil Mitchell Non-Executive Chairman As the former CFO of Rio Tinto Iron Ore and member of the Executive Committee at Anglo American, Mr Mitchell has significant experience in mining M&A, strategic planning and management of all aspects of commodity portfolios. This includes bui
Slide 22: Appendix
Appendix 1 22
Slide 23: Tiris Project Ore Reserve and Mineral Resources
Tiris Project Ore Reserve1 and Mineral Resources2 Tiris Ore Reserves1 Tiris Mineral Resources2 Area / Class Tonnes (Mt) U3O8 (ppm) U3O8 (Mlbs) Area Class Tonnes (Mt) U3O8 (ppm) U3O8 (Mlbs) Lazare North Measured 8 236 4.2 Indicated 5.8 217 2.8 Proved 0.9 298 0.6 Hippolyte North Inferred 4.7 212 2.2 P
Slide 24: Tiris Uranium Project – High Grade Leach
Tiris Uranium Project – High Grade Leach Comparable leach feed grades Mine Grade1 Leach Feed Grade Company Project Country (ppm U3O8) (ppm U3O8) Aura Energy Ltd Tiris Mauritania 285 1,750-2,000 Deep Yellow Ltd Tumas2 Namibia 344 529 Bannerman Ltd Etango3,5 Namibia 240 240 Paladin Ltd Langer Heinrich
Slide 25: Tiris Project New Tenement Applications
Tiris Project New Tenement Applications1 13,000 km2 of exploration tenements in the Tiris Uranium Province in Northern Mauritania Targets were selected following a detailed 12-month evaluation program based on historical drilling and radiometric data and analogues from the Company’s successful u
Slide 26: 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 M lbs 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,