Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (June 2007)
22 slides from Aura Energy's investor presentation, June 2007
Slide 1: Uranium discoverers
Uranium discoverers
Slide 2: Achievements – Aura transformed since listing in May 2006
Achievements – Aura transformed since listing in May 2006 Identifying opportunities in Australia, Sweden and Africa Team has serious exploration experience Defining an inferred resource at Wondinong Identifying drill targets in Gunbarrel JV near substantial deposits Major resource potentia
Slide 3: AEE Capital Structure
AEE Capital Structure SECURITY NUMBER Fully Paid Ordinary Vendor/ Promoter/ Seed 11,000,000 Public 25,000,000 TOTAL 36,000,000 Listed Options Entitlement Options($0.20) 18,000,000
Slide 4: Aura's strength: Its exploration team
Aura’s strength: Its exploration team One of the most experienced exploration teams of any junior – Uranium experience in Australia, Asia and Africa – Track record of exceptional exploration success Exploration Manager appointed
Slide 5: Significantly expanded land position in Australia
Significantly expanded land position in Australia Substantial presence in 2 >50,000t uranium provinces: – Yilgarn calcrete province – Exceptional land holding in the Gunbarrel Basin
Slide 6: Wondinong uranium deposit
Wondinong uranium deposit Wondinong-1 of 20 Aura calcrete targets – 3rd largest uranium province in Australia based on contained U3O8 Radiometric discovery by WMC in 1971 Uranium anomalous area covers 20 square kilometres Initial testing of 14 km2 completed in 2 drill programmes 3rd drilli
Slide 7: Continuing programme to define inferred resource at Wondinong
Continuing programme to define inferred resource at Wondinong 335 drill hole programme completed 202 holes have eU3O8 values above 100ppm (60% of holes) 94 drill holes contain above 200ppm eU3O8 (28% of holes) 2 km 2 km
Slide 8: Uranium mineralisation
Uranium mineralisation Open to north, northwest and south Majority of holes have higher assay than logged U values Most northerly line has given the best results
Slide 9: Value of calcrete uranium deposits
Value of calcrete uranium deposits Calcrete deposits are forming the next generation of uranium mines Very near surface, low cost mining (Nova A$2/t) Low operating cost – US$15-25/lb 1.0 lb/tonne (450ppm U) equals 5 g/t Au – potential bonanza – Uramin deposit grade (Namibia) 125ppm U3O8
Slide 10: Lake Way Southeast
Lake Way Southeast On the drainage that joins the Lake Way and Lake Maitland uranium deposits Same geochemical anomaly as the deposits at Lake Way/ Hinkler Well Untested radiometric anomalies in the drainage 18 additional calcrete targets to be tested in the Yilgarn
Slide 11: The Swedish Alum Shale Projects
The Swedish Alum Shale Projects Significant landholding in the major Alum Shale uranium province of Sweden Alum Shale contains vast resources of uranium 77 million pounds of uranium in inferred resources within 1400 metres of one of Aura’s applications Past exploration strongly suggests that
Slide 12: The Alum Shale (2)
The Alum Shale (2) Uranium mined in Sweden and Estonia Substantial credits from vanadium, molybdenum and nickel – No previous assessment of the Alum Shale has taken these into account Targeting areas of higher metal grades within the shales Focussing on areas amenable to open pit mining
Slide 13: Comparison with other deposit types
Comparison with other deposit types Grades similar to alaskite-type deposits found at Rossing in Namibia. – Bannerman Resources Wel Witchia Project inferred resource of 27 million pounds at 186ppm Overlap with grades for large calcrete deposits such as Trekoppje (110ppm U) and Lake Maitland (255
Slide 14: Western applications Intersections and outcrops
Western applications Intersections and outcrops
Slide 15: Marby section
dUfad / SSCugon energy «————— Aura Marby Application —————_» Marby metres 01 0+ Outcropping Alum Shale Fi Storsj6n + —-—- Interpreted Alum a Shale sequence --——
Slide 16: Eastern areas
oa g areas Crn ‘aura energy 50m @ 167 ppm U, 292 ppm Mo inc. 8m @ 202 ppm U, 350 ppm Mo O 9m @ 150 ppm U, 263 ppm Mo \ 20m @ 161 ppm U, 278 ppm Mo \ | Storsién 23m @ 165 ppm U, 262 ppm Mo \ | 22m @ 170 ppm U, > ° 31m @ 201 wee 1 m U 272 ppm Mo inc. 12m e 215 bpm U pp ins 42 9 ppm Mo \ t O Olam @ 159
Slide 17: Eastern area section
Eastern area aura section ty ‘¢ Aura Application»: 1 I ! Nakten 31.3m @ 201 ppm U 21.6m @ 170ppm U 0.036% Mo 0.27% Mo 0.14% V 0.1% V includes: includes: 11.7m @ 219ppm U 12.5m @ 215ppm U 0.043% Mo 0.034% Mo 0.16% V 0.14% V Poa Limestone Alum Shale (Allochthon)
Slide 18: Gunbarrel Basin JV: Sandstone-hosted uranium
Gunbarrel Basin JV: Sandstone-hosted uranium Gunbarrel Basin – a major, but largely untested uranium province Known for its large individual deposits – Mulga Rock 46,000t U3O8 – Ponton “15,000-20,000t U3O8” Poorly explored, even around Ponton/Mulga Rock Aura has the largest land holding in t
Slide 19: Gunbarrel Basin
Gunbarrel Basin Known uranium deposits order of magnitude larger on the WA side of the basin No reported exploration in northern Projects Joint venture with Mega Redport Airborne surveys commenced
Slide 20: Africa Alliance with GCM
Africa Alliance with GCM Global Coal Management – Project developers and managers – Extensive experience in Africa – Access to the London markets Gives Aura access to projects that would not be available to a junior Building on networks throughout the continent Exceptional Alliance Manager i
Slide 21: The immediate future
The immediate future Assess options for Alum Shale Project Define an inferred resource at Wondinong Drill test Lake Way South, Lake Moore and other calcrete targets Define drill targets from airborne geophysical surveys in Gunbarrel JV areas Identify new projects in Africa and Sweden
Slide 22: Calcrete uranium explorers: Aura share price growth potential
Calcrete uranium explorers: Aura share price growth potential Market capitalisation (A$m) 0 50 100 150 200 250 300 Deep Yellow Nova Energy Uranex Fairstar West Australian Metals U3O8 Yellow Rock Prime Minerals Encounter Impact Minerals Aura Energy