Aura Energy Ltd · ASX:AEE

Aura Energy — Perth Uranium Conference 2015

36 slides from Aura Energy's conference presentation, Jul 16, 2015

1. Slide 1: Developing High Margin Uranium Projects

   Developing High Margin Uranium Projects Peter Reeve — Executive Chairman July 2015

2. Slide 2: For personal use only

      For personal use only      2

3. Slide 3: Many proposed projects require $60-80/lb to break even

   ₃ ₈ For personal use only ₃ ₈ Many proposed projects require $60-80/lb to break even ₃ ₈ ₃ ₈ 3

4. Slide 4: Aura's Strategy — Moving to Cashflow

   Aura’s development strategy as follows: (C nN Aura’s Strategy — Moving to Cashflow Complete the Tiris DFS within18 mths Commence Tiris construction late 2016 (finance? Continue project financing discussions H2 2015 | hi! Progress critical path Haggan studies

5. Slide 5: For personal use only

         For personal use only    5

6. Slide 6: For personal use only

     For personal use only ₃ ₈ 6 ₃ ₈

7. Slide 7: Tiris Uranium Project Deposits

   Tiris Uranium Project Deposits eel (eae (@ Ie aiANS.. : T Bir Moghreing t i) i) 1 t i) 1 |-24°N i i) ! t @Zovirat a : Tourine T ; 10°W ; 1 Western Sahara Ain Ben Tili | \Ferkik Deposit-pey @ Bir En Nar Uranium Project (Forte Energy) PAA RR OA OZ Hinpotyte Deposit @ roo Sadi Deposit Mali 1 Hy 2ura Te

8. Slide 8: Possible Tiris Geological Formation

   Possible Tiris Geological Formation hu: 4 “energy Solid Unaltered Grey Granite Sheared “Hot” Pink Granite 2ppm U 5-20 U 1 ce — 2 of U,O, Leaches from Pink Granite Carnotite (U,O, Mineral)/Gravel Mix - Sheds into Surrounds Gathers in Desert Low Points — 4 i. Natural Processes Concentrate Carnotite in

9. Slide 9: Tiris Field Geology

   Tiris Field Geology Grey Granite Altered Pink Granite Flat Lying U30, Concentration Zones Altered Pink Granite Shedding U30g

10. Slide 10: Shallow Trenching Reveals Mineralisation

    Shallow Trenching Reveals Mineralisation . fe ee fo fl ’ af ae “2 Free digging mining, 2 i) No drill and blast Uranium Mineralisation as Carnotite % Permitting ina remote desert region [J Sand Uranium mineralisation [Gy Grovel = Granite Reguibat Uranium 108] =] Weathered granite Schematic Geology

11. Slide 11: Tiris Simple Ore Upgrade Steps

    Tiris Simple Ore Upgrade Steps ran Soft Friable Material That Breaks Down Easily Coarse Weathered Granite Fine Grained Carnotite Water Waste & Coarse Oversize 75ym Weathered Granite Screen 10% Uranium anna nnn nnnnne reece rnncennetencenennenens ; “4 50% Mae aa 4 Leach Plant ] = ee [ 251PH(0.2mtpa)

12. Slide 12: For personal use only

    For personal use only  ₃ ₈ ₃ ₈  ₃ ₈  ₃ ₈  ₃ ₈    ₃ ₈    12

13. Slide 13: For personal use only

    For personal use only       ₃ ₈ 13

14. Slide 14: For personal use only

    • • • For personal use only 14 ₃ ₈

15. Slide 15: For personal use only

    ~ . IB DW ME — | ORK Settee ahaa eee. @ aay kilometres

16. Slide 16: Sadi Deposit Exploration

    Sadi Deposit Exploration - —_ =—Follow up drilling on previous high grades ‘a =~ Mineralisation under sand — Sadi Sands « Untested targets webanes ; | =—Untested known radiometric anomalies —as Afonso SADI DEPOSIT: _ Potential Resource Extensions | - a fg Mineralisation extends +1 km south of curren

17. Slide 17: High Potential New Application - Hippolyte South

    High Potential New Application - Hippolyte South ; a = Hippolyte South contains large radiometric anomaly similar to Hippolyte = Lies between Hippolyte & Lazare resources = Strong & extensive poorly tested radiometric’s = Good potential for 5 to 15 M lbs (based on the real extent of radiometric anom

18. Slide 18: Air magnetics – 1st vertical derivative

    For personal use only   18 Air magnetics – 1st vertical derivative

19. Slide 19: Reconnaissance AC drill results – Aura 2011

    For personal use only   19 Reconnaissance AC drill results – Aura 2011

20. Slide 20: For personal use only

          For personal use only 20

21. Slide 21: For personal use only

              • • • • • For personal use only 21

22. Slide 22: For personal use only

              For personal use only 22

23. Slide 23: For personal use only

         For personal use only    23

24. Slide 24: For personal use only

          For personal use only 24

25. Slide 25: Häggån Exploration

    i <= dggan Exploration) =

26. Slide 26: Bioshale heap leaching background

    metals from ores, by accelerating the ox dissolution of minerals (metal sulfide facilitating metal extraction from black sha metabolising organic materials. One of the targets of Bioshale project (Tal Deposit) belongs to a company that carr For personal use only extensive R&D studies to demonstrate

27. Slide 27: Haggan — Low cost, Low risk, Mining Project

    Haggan — Low cost, Low risk, Mining Project Ura AS Approx OP COST U,0O,Mlbs | Mo Mlbs Ni Mibs USS/Ib p.a. p.a. p.a. 3) 190 18.00-22.00 1.4 0.6 2.4 30.0 540 13.50 7.8 4.3 14.8

28. Slide 28: For personal use only

    For personal use only        28

29. Slide 29: For personal use only

    For personal use only         29

30. Slide 30: For personal use only

    For personal use only        30

31. Slide 31: For personal use only

    For personal use only 5 12 Millions 4.5 Cents Per Share 10 4 3.5 8 3 2.5 6 2 4 1.5 1 2 0.5 0 0 Jul 14 Sep 14 Nov 14 Jan 15 Mar 15 May 15 Daily Volume Last Price (cents) 31

32. Slide 32: Disclaimer & Competent Persons Statement

    Disclaimer & Competent Persons Statement hore = 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 presentation should n

33. Slide 33: Thank You

    Thank You _ Contact : Peter Reeve eter.reeve@auraenergy.com.au +613 9890 1744 For personal

34. Slide 34: Tiris Feasibility Study Team

    Tiris Feasibility Study Team Pura The Tiris Project team has been confirmed as; George Widelski — Project Study Manager George has over 40 years’ experience in the metallurgical and mineral processing industries in Australia, North and South America, Africa, Europe and Asia. His project and study in

35. Slide 35: For personal use only

    For personal use only     ₃ ₈ 35

36. Slide 36: Tiris Mine Permitting Process - Mauritania

    Tiris Mine Permitting Process - Mauritania Project Phases Mining License Application EIA Process a ee - ° 2002/02 Pre-feasibility / Definitive Feasibility Study Design and Procurement a i Organisation Public Information Meetings with bill License Population and authorities (Hakem and Mayor) _[—Condu

Aura Energy — Perth Uranium Conference 2015 on 6ix