Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (April 2013)
25 slides from Aura Energy's investor presentation, Apr 10, 2013
Slide 1: Two exceptional uranium projects
For personal use only “Two exceptional uranium projects” Aura Energy Ltd Investor Presentation April 2013 “rapidly advancing uranium projects”
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement 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 pres
Slide 3: Presentation outline
Presentation outline For personal use only • Company status and highlights • Uranium Outlook • Häggån Project Sweden • Reguibat Project, Mauritania “rapidly advancing uranium projects”
Slide 4: Corporate Snapshot
Corporate Snapshot ASX: AEE For personal use only Share price: 11c (8 March 2013) Market capitalisation: A$18 M Cash position: $1.05 M (31 Dec 2012) Share price performance – Last 12 months Shares: 164 million $ AUD 4 “rapidly advancing uranium projects”
Slide 5: Advanced uranium projects – Mlbs U308
Advanced uranium projects – 860 Mlbs U308 For personal use only 5 “rapidly advancing uranium projects”
Slide 6: Two exceptional projects
Two exceptional projects For personal use only • Häggån Project (Sweden) resource 803 Mlbs U308 – exploration target suggests potential is 1.2-1.6 Blbs U308 • independent Project NPV valuation of $1.85B at a 10% discount rate from Scoping Study • co-operation agreement with Areva Mines to fund Häggå
Slide 7: Supply gap in the near future
Supply gap in the near future For personal use only • Company status and highlights • Uranium Outlook • Häggån Project Sweden • Reguibat Project, Mauritania “rapidly advancing uranium projects”
Slide 8: World nuclear production – current and planned
World nuclear production – current and planned For personal use only • 435 commercial nuclear power reactors operating in 31 countries • 372,000 MWe of total capacity. • provide about 13.5% of the world's electricity as continuous, reliable base-load power • numbers of reactors under construction ha
Slide 9: Demand increasing, supply growth uncertain
Demand increasing, supply growth uncertain For personal use only • a supply shortage appears to be inevitable from 2015 onwards • long lead times are required to develop projects • gap between supply and demand appears set to increase over the next decade • first overseas orders for China's technolo
Slide 10: Positive commentary on required uranium supply
Positive commentary on required uranium supply For personal use only • Bureau of Resources & Energy Economics: global uranium demand to increase by 42% between next year and 2017 • Paladin “To meet forecasted demand by 2020, circa 15 new mines are required within the next 7 years” • RFC Ambrian: “Th
Slide 11: Second largest undeveloped global uranium resource
Second largest undeveloped global uranium resource For personal use only • Company status and highlights • Uranium Outlook • Häggån Project Sweden • Reguibat Project, Mauritania “rapidly advancing uranium projects”
Slide 12: Sweden – a top mining destination
Sweden – a top mining destination For personal use only historic culture of mining - legislation & regulations very supportive Europe’s largest copper mine & biggest iron ore producer low sovereign risk mining destination – second in Fraser Institute survey low corporate tax rate & royalties
Slide 13: Excellent location & infrastructure
Excellent location & infrastructure For personal use only close to rail and road links to Stockholm and Norway 132 kV grid already at Östersund new 40 unit wind farm being constructed close to Project abundant water “rapidly advancing uranium projects”
Slide 14: 803Mlbs U₃O₈ resource underpins viability
803Mlbs U₃O₈ resource underpins viability For personal use only giant multi-metal deposit underpinned by huge uranium resource 803Mlbs U₃O₈ inferred resource with 2.35Bn tonnes @ 155 ppm U₃O₈ enhanced value with co-products: nickel – 1,640Mlbs zinc – 2,230Mlbs molybdenum – 1,070 Mlbs e
Slide 15: Bacterial leaching technology
Bacterial leaching technology For personal use only proven technology widely used in copper and gold industries low CAPEX and opex e.g. Zaldivar copper (Barrick) in Chile – 50 Mtpa, plus Escondida, Spence (BHP Billiton, Rio) uranium extraction confirmed with up to 85% achieved scale up giv
Slide 16: Low cost, low risk, large mining project
Low cost, low risk, large mining project Independent scoping study : For personal use only initial pit shells contain >741 Mt nominal 30 Mtpa operation with 25 year initial mine life low mining costs - strip ratio of 0.75:1 target initial annual production of 7.8Mlbs (3,538t) U3O8 mean NPV
Slide 17: Low operating & capital costs for large sized project
Low operating & capital costs for large sized project For personal use only Häggån operating costs $9.30/t operating costs: – US$13/lb U308 when nickel & molybdenum treated as by-products – US$26/lb U308 when nickel & molybdenum are included as U3O8 equivalents pre-production capital of US$537
Slide 18: Areva - Häggån Project Strategic Partner
Areva - Häggån Project Strategic Partner For personal use only • Areva Mines SA selected as preferred strategic partner for the Häggån uranium and polymetallic project. • entered into a binding Co-operation Agreement for an initial 4 month period. • during this period, parties will work in good fait
Slide 19: Presentation outline
Presentation outline For personal use only • Company status and highlights • Uranium Outlook • Häggån Project Sweden • Reguibat Project, Mauritania “rapidly advancing uranium projects”
Slide 20: Strong position in Mauritania
Strong position in Mauritania For personal use only Reguibat Project – major calcrete uranium province greenfield discovery of significant new uranium resources upgradeable by physical beneficiation same style as being mined in Namibia “rapidly advancing uranium projects”
Slide 21: Substantial first resource – Mlbs
Substantial first resource – 50 Mlbs For personal use only major calcrete uranium resource initial JORC compliant resource: 50Mlbs U3O8 at average grade of 330ppm mineralisation in single flat- lying sheets from within 1m of surface mineralisation 1-10m thick 50 Mt of resources focussed in
Slide 22: Simple process to substantially increase grade
Simple process to substantially increase grade For personal use only • removal of coarse material of Reguibat mineralisation increases grade of the product by a factor of three to 1,068ppm U3O8 • opportunity for significantly reducing material volume and increasing uranium grade, leading to reduced
Slide 23: Comparison of Paladin/Langer Heinrich scrubbing upgrade with Reguibat Project
Comparison of Paladin/Langer Heinrich scrubbing upgrade with Reguibat Project For personal use only Head grade U3O8 Upgrade Feed grade U3O8 Prod (Mlbs) Overall recovery Langer Heinrich 2012 681ppm 133% 906ppm 4.6 Mlbs 46% Reguibat 305ppm 350% 1068ppm “rapidly advancing uranium projects”
Slide 24: Potential small, low capex starter operation
Potential small, low capex starter operation For personal use only • free dig truck and shovel mining • high grade areas identified from drilling for starter pits • potential for a modular approach for plant • Mauritania very supportive of uranium exploration and mining • scoping Study completion ta
Slide 25: Moving from explorer to developer
Moving from explorer to developer For personal use only big projects, low costs, heading to commercialisation Sweden, Häggån: strong interest from industry majors 2 major projects $1.8 billion project, top 5 global uranium mining operations potential Mauritania, Reguibat: major calcrete uraniu