Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (May 2011)
27 slides from Aura Energy's investor presentation, May 2011
Slide 1: Investor Presentation
Investor Presentation Presented by Dr Bob Beeson sweden west africa australia May 2011
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement o 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. o This presentation should not be
Slide 3: The Ever-Growing Need for Energy
The Ever-Growing Need for Energy 3
Slide 4: The Reducing Contribution of Oil
The Reducing Contribution of Oil 4
Slide 5: Demand Predictions may be Conservative
Demand Predictions may be Conservative 5
Slide 6: Corporate
Corporate ASX Code: AEE Share Price: 29c (6 May 2011) Market capitalisation: A$38 M Cash position: $4.6 M (Mar 2011) Shares: 132.1 M Main shareholders: Board & Management 4.3% Drake Resources 4.6% Technical Investing Pty Ltd 6.8% Kinetic Investment Partners 6.9% 6
Slide 7: Share Price History
Share Price History 0.6 0.5 0.4 0.3 0.2 0.1 0
Slide 8: Experienced Management Team
Experienced Management Team Dr. Bob Beeson – Managing Director James Merrillees – Exploration Manager A professional geologist with more than 35 years A professional geologist with more than 15 years experience in mineral exploration & development. applied minerals exploration experience. Held senio
Slide 9: Advanced Projects on Two Continents
Advanced Projects on Two Continents Häggån & Kallsedet Projects, Sweden Mauritania, West Africa Niger, West Africa Wondinong, Australia 9
Slide 10: What's Achieved & What's Planned
What’s Achieved & What’s Planned 2010 o major initial resource defined at Häggån, Sweden o high uranium recoveries from initial tests at Häggån o drilling confirms uranium in greenfield Reguibat province Mauritania 2011 Jan – June o second phase of metallurgical leach tests for Häggån o resource ext
Slide 11: Sweden Main Projects
Sweden Main Projects 11 Häggån Project, Sweden
Slide 12: Sweden: Mining Friendly
Sweden: Mining Friendly o historic culture of mining o low corporate tax rate & royalties o Europe’s largest copper mine & biggest iron ore producer o legislation & regulations very supportive of mining o excellent infrastructure o nuclear power – 50% of electricity needs 12
Slide 13: LARGE Resource, GIANT Uranium Field
LARGE Resource, GIANT Uranium Field o 100% project ownership o every drill hole in 18 km2 Häggån permit intersected mineralisation o selected intercepts include: o 178m @ 175 ppm U₃O₈ o 180m @ 160 ppm U₃O₈ o 192m @ 171 ppm U₃O₈ o 226m @ 160 ppm U₃O₈ o 115m @ 188 ppm U₃O₈ 13
Slide 14: Potential Co-production – Enhanced Value
Potential Co-production – Enhanced Value o 291 million pounds U₃O₈* in Aura’s initial inferred resource with 0.81Bn tonnes @ grade – 162 ppm U₃O₈ o Plus co-products - molybdenum (361 Mlbs) - nickel (353 Mlbs) - zinc (496 Mlbs) - vanadium (2940 Mlbs) o equivalent uranium grade approx 250 - 300 ppm *
Slide 15: Largest Undeveloped Uranium Resources
Largest Undeveloped Uranium Resources Rank Project Company Mlbs Grade (%) Location 1 Viken Continental 1047 0.02 Sweden 2 Elkon ARMZ 705 0.12 Russia Rossing 3 Extract 367 0.05 Namibia South 4 Cigar Lake Cameco/Areva 352 18.2 Canada 5 Imouraren Areva 350 0.11 Niger 6 Jabiluka ERA 343 0.46 NT 7 Itatir
Slide 16: Low Mining Cost
Low Mining Cost o thick, flat-lying, continuous bodies with >200 ppm U3O8 o near-surface, low cost open-pit mining o Continental Precious Minerals scoping studies estimate: o waste to ore ratio of 0.5:1 o mining costs of approx US$2.50 -3.00/t ore 16
Slide 17: High Recoveries
High Recoveries Conventional acid leach o conventional tests give high 93% recoveries of uranium o second phase of work addressing reagent management Bio-heap leaching o Parker Centre/CSIRO initial bio-heap leach increases extraction of uranium, molybdenum, nickel & zinc o next stage testwork Leachp
Slide 18: Existing Talvivaara Project in Finland Analogue
Existing Talvivaara Project in Finland Analogue o Talvivaara, Finland uses bioleach to recover: 0.8 Mlbs pa from 17ppm U3O8 ore o recent Cameco funding and offtake agreement for U3O8 o Talvivaara, Finland modern mine based on shales Talvivaara Project, Finland o mining 24Mtpa ore (US$2.60/t) o moder
Slide 19: Next Steps: Häggån
Next Steps: Häggån o second phase of drilling on western part of project complete o assays & evaluation on the way o ongoing metallurgical testwork o scoping study 19
Slide 20: West Africa Main Projects
West Africa Main Projects Mauritania - SNIM Iron Ore Operation 20
Slide 21: Strong Position in Mauritania
Strong Position in Mauritania o long-term existing mining operations o supportive government o Aura in Mauritania o successful project identification & acquisition o greenfield discovery of significant new uranium field o 100% properties plus 2 joint venture permits o major player in field 9500 km2
Slide 22: 2010 Drilling Demonstrated Potential
2010 Drilling Demonstrated Potential o 400 holes covering 16 km² o mineralisation showed average grade of 320 ppm U3O8 o mineralisation 1-4m thick o geophysical anomalies supported exploration target of 40-60 Mlbs U3O8 at an average grade of 300 to 450 ppm U3O8* * This target is conceptual in nature
Slide 23: 2011 Resource Drilling Completed
2011 Resource Drilling Completed o 2,022 holes totalling over 9,100 metres o extensive mineralisation 1-8 m thick starting at surface o high grade results o selected intercepts o 10m @ 2000 ppm U3O8 o 4.5m @ 1863 ppm U3O8 o 2.5m @ 1859 ppm U3O8 o 2.5m @ 1787 ppm U3O8 o 3m @ 1417 ppm U3O8 o 3m @ 1312
Slide 24: High Quality Resource Potential
High Quality Resource Potential o Reguibat exploration target* very competitive on size & grade o potential grade separates Reguibat from many calcrete projects o on track to release JORC compliant resource statement in June 2011 * This target is conceptual in nature (the potential quantity and grad
Slide 25: Why Invest in Aura?
Why Invest in Aura? on track & fully delivering on company strategy focus on 2 key projects: Sweden & West Africa o Sweden, Häggån: expanded JORC resource – one of the world’s largest uranium resources plus multi-metal upside o Mauritania, Reguibat: excellent first assay results - JORC resource
Slide 26: dUfad
dUfad energy
Slide 27: Inferred Resource Statement
Inferred Resource Statement Häggån Cutoff Size U3O8 MoO3 V2O5 Ni Zn U3O8 ppm (BT) ppm ppm ppm ppm ppm 100 0.81 162 325 2616 318 448 Size in billions of tonnes and grades of the initial resources for the Häggån Project at 100ppm cut-off grade Aura recognises the requirement to demonstrate that the ur