Slide 1: Developing globally significant Future-Facing Minerals
Developing globally significant Future-Facing Minerals OCTOBER 2023 ASX: AEE | 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: Contents
Contents 01 02 03 04 05 06 07 08 What’s About Investment Uranium Tiris Häggån Key Questions Changed Aura Energy Opportunity Market Project Project Takeaways 3
Slide 4: 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 5: Aura Energy Part of the Energy Transition / Clean Energy Driving Demand
Clean Energy Driving Demand Nuclear energy is a stable and sustainable power source, essential for the global economy’s decarbonisation. UxC suggests a shortfall between primary supply and demand of 60–70 Mlbs. UxC forecast demand increase from 165 Mlbs to 190–200 Mlbs1 in 2023, driving a 47%1
Slide 6: Investment Opportunity
Investment Opportunity Mineral Resource Estimate of 113.0 Mt @ 236ppm containing 58.9 Mlbs U3O8: − Initial 16-year project life with significant upside − Short-Term Exploration Target 100 Mlbs U3O8 Resource − Significant resource growth potential Development-ready: ‒ Exploitation and Environment
Slide 7: Corporate Snapshot
Corporate Snapshot $0.40 5.0 4.5 $0.35 4.0 Volume Share Price 3.5 Share Price ($AUD) $0.30 3.0 HÄGGÅN PROJECT Volume (m) 2.5 (100% owned) $0.25 2.0 1.5 $0.20 1.0 0.5 TIRIS PROJECT $0.15 0.0 (85% owned) Unanalysed 11% Unallocated 0% Shareholders Market Employees A$ 219 million Capitalisation1,2 2% Fo
Slide 8: Global Uranium Market
Global Uranium Market Baseload Power Energy Energy Security Affordability Aura Energy | 8
Slide 9: Nuclear – Key to the Carbon-free Energy Transition
Nuclear – Key to the Carbon-free Energy Transition Low-carbon energy, renewed interest in nuclear energy Forecast Growth in Global Electricity Demand1 Geopolitical and COVID-19 - significant impact on energy prices 2010 2021 2030 2050 Need for energy security and maintaining affordability TWh 18,
Slide 10: Tiris Project Mauritania
Tiris Project Mauritania Near Term Uranium Producer Low Capex Low Opex Phase 1: US$ 89 million AISC: US$ 28.70 / lb Phase 2: US$ 90 million AIC: US$ 35.00 / lb Permitted Convention Granted Resource Growth Environmental Hurdles Cleared >100Mlbs Near Term Potential Export Permit Applied Aura Energy |
Slide 11: Tiris Project – High Grade Leach Feed
Tiris Project – High Grade Leach Feed Simple proven beneficiation allows an ongoing grade advantage Beneficiation Leaching Calcine, Precipitation, Packaging ~90% mass rejected Tails to pits 2000 ppm Leach Feed Mining Scrubbing and beneficiation plants Ion Precipitation and Leaching Filtration screen
Slide 12: Tiris Project – Robust Economics and Scalability
Tiris Project – Robust Economics and Scalability Key Project Financial Outcomes1,2 NPV8 (post-tax, real basis, ungeared) US $ 226 million IRR (post-tax, real basis, ungeared) 28% Life of Mine (LOM) 17 years Annual Uranium Produced (at full production) 2.0 Mlbs U3O8 Average EBITDA (at full production
Slide 13: A New Uranium Province
A New Uranium Province Hippolyte West C Marie G Marie E Hippolyte North Hippolyte East Mineral Resource - Hippolyte West D Sadi Marie F 58.9 Mlbs U3O8 at a 100ppm grade cut-off Marie H Measured and Indicated Resources - Hippolyte South 29.6 Mlbs U3O8 at a 100ppm grade cut-off Lazare North Lazare Sou
Slide 14: Exploration Target
Exploration Target Hippolyte West C Exploration Target ~ 100 Mlbs U3O8 Exploration Targeting: Areas not drilled within 10 ppm anomalies Step Out beyond the resource Anomaly area with the greatest resource potential Tonnage and Grade Expectations Range Exploration Target Grade Grade Tonnes Tonn
Slide 15: Häggån Project Sweden
Häggån Project Sweden Tier 1 Project Energy Transition Domestic Supply Aura Energy | 15
Slide 16: Governments are Responding
Governments are Responding Sweden’s Climate Minister Romina EU parliament backs labelling nuclear Pourmokhtari told The Times newspaper investments as green EU financial services chief Mairead McGuinness said. The government is aiming at doubling electricity production in 20 years. The Complementary
Slide 17: Vanadium Market Demand
Vanadium Market Demand Growing to support storage of renewable energy generation Vanadium Flow Battery Forecasts 70 80 • Vanadium is a critical mineral in steel production Implied V2O5 Consumption (kt V2O5) Implied V Consumption (kt V) • Vanadium Flow Battery (VFB) technology is emerging as a 60 Ann
Slide 18: Häggån Project Sweden
Häggån Project Sweden Long-life project with significant optionality and scalability Base case Life of mine (‘LOM’) ore production 59Mt Total Resource 2,548 Mt at 0.1% V2O5 cut-off Overall V2O5 recovery from plant feed 80% V2O5 production - LOM 166,500 tonnes V2O5 (367 M lb) Process throughput 3.6 M
Slide 19: Häggån Project
Häggån Project Supplying a growing de-carbonized energy market Project Value Drivers Project Resource: Ni Zn Mo • 2,548Mt material at 0.1% V2O5 cut-off1: 3% 1% 5% • V2O5 - 14,900 Mlbs at 0.27% V2O5 • Ni –780,000 t at 312ppm Ni U3O8 • Zn – 1,170,000 t at 433ppm Zn 14% • Mo – 1,146 Mlbs at 200ppm Mo •
Slide 20: Key Aura Energy Takeaways
Key Aura Energy Takeaways Clean Energy Demand Near-term uranium producer Impressive Growth Pipeline Global commitments to de-carbonise Tiris Project - Fully permitted, Tiris Project – capital efficient and energy production Development Ready to supply a strong scalable as resources increase ur
Slide 21: Questions
Questions David Woodall Managing Director and CEO dwoodall@auraee.com Paul Ryan Investor & Media Relations pryan@citadelmagnus.com ASX:AEE AIM:AURA +61 409 296 511 21
Slide 22: 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 23: Appendix 1: Tiris Mineral Resources
Appendix 1 Tiris Mineral Resources 23
Slide 24: Tiris Mineral Resource
Tiris Mineral Resource Area1, 2 Class Tonnes (Mt) U3O8 (ppm) U3O8 (Mkg) U3O8 (Mlb) Measured 8.0 236 1.9 4.2 Indicated 5.8 217 1.3 2.8 Hippolyte North Inferred 4.7 212 1.0 2.2 Sub-Total 18.5 224 4.1 9.1 Hippolyte Marie & West Inferred 8.2 310.0 2.5 5.6 Indicated 4.6 192 0.9 2.0 Hippolyte South Inferr
Slide 25: Appendix 2: Tiris Project Ore Reserves
Appendix 2 Tiris Project Ore Reserves 25
Slide 26: Tiris Project Ore Reserve
Tiris Project Ore Reserve 2019 Maiden Reserve 2023 Reserve Update Variation 175 ppm U3O8 cut off 110 ppm U3O8 cut off U3O8 U3O8 U3O8 U3O8 U3O8 U3O8 Mt Mt Mt (ppm) (Mlbs) (ppm) (Mlbs) (ppm) (Mlbs) % % % Lazare North Proved 0.7 354 0.6 0.9 298 0.6 29% -16% 0% Probable 4.4 332 3.2 7.9 251 4.4 80% -24%
Slide 27: Mining Conventions
Mining Conventions 27
Slide 28: Tiris Project – Mining Conventions
Tiris Project – Mining Conventions Key Aspects of the Mining Convention The Mining Convention between the Mauritanian Government and Aura provides stability and defines the legal and economic conditions that allow mining activities to occur over a period of 30 years. The key aspects of the mining co