Aura Energy Ltd · ASX:AEE
Aura Energy — Shareholder Meeting (November 2007)
19 slides from Aura Energy's shareholder meeting presentation, Nov 14, 2007
Slide 1: Targeting >100 Mlbs uranium in advanced projects by end 2008
For personal use only Targeting >100 Mlbs uranium in 5 advanced projects by end 2008
Slide 2: Disclaimer
Disclaimer 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 presentation should not be relied
Slide 3: Potential major player in the uranium business
Potential major player in the uranium business For personal use only 5 advanced projects being evaluated Projected hundreds of million of pounds of uranium within Storsjön Projects – Aura initial target 75-125 Mlbs – Key land package in a province that may control the medium-long term supply of
Slide 4: Aura advanced projects and uranium targets
Aura advanced projects and uranium targets For personal use only Project Country Target Storsjön East Sweden 100 Mlbs Storsjön West Sweden CZQ 232 Mlbs in adjoining tenure Wondinong Australia 5-8 Mlbs Håkantorp Sweden ?? Stripa Sweden ??
Slide 5: Aura share price projections based on peer companies
Aura share price projections based on peer companies For personal use only
Slide 6: Aura is one of the most active explorers of quality projects
Aura is one of the most active explorers of quality projects For personal use only No. technical releases 0 5 10 15 20 25 Intermet Aura Globe U3O8 Energy Ventures Uranium Epsilon Encounter Acap Curnamona Western Metals Extract Northern Newera Korab Impact Bondi Monaro Crossland Erongo Southern Scimi
Slide 7: Aura's strength: Its technical team
Aura’s strength: Its technical team For personal use only Uranium discoverers One of the most experienced exploration teams of any junior – Uranium experience in Australia, Asia and Africa – Track record of exceptional exploration success Bob Beeson: Mobil Energy, Billiton, North Steve McCau
Slide 8: Storsjön Projects
Storsjön Projects For personal use only Aura has a significant landholding in the major Alum Shale uranium province of Sweden Alum Shale contains vast resources of uranium – Largest uranium province in Europe Targeting >100 Mlbs uranium in 2 projects Strategic energy resource for Europe
Slide 9: Aura has taken substantial landholding in Central Sweden
Aura has taken substantial landholding in Central For personal use only Sweden Less populated in the western mountain areas – Predominantly forested in Aura licences Selected the high uranium sections Major vanadium resource – Plus molybdenum and nickel CZQ has 232 million pounds of uranium
Slide 10: Storsjön East
Storsjön East Aura targets 75-125 Mlbs in For personal use only higher grade unit Upper zone 4-12m in thickness throughout the southern part of Aura’s licences averaging 250ppm U3O8 – Within an overall 8-31 metre thick development averaging 200ppm U3O8 Higher grades in 4 of 9 holes – Näkten 7800
Slide 11: Storsjön West Project
Storsjön West Project Multiple shale units giving thicknesses up to For personal use only 184m Larger area of licences – 74 square km Alum Shale outcrops in all licences Average of 5 drill hole intersection on margins of licences is 77 metres at 200ppm U3O8 (0.4lb/t) Higher grade sections: –
Slide 12: New mapping and geophysics demonstrates host shale occurs across all tenements
For personal use only New mapping and geophysics demonstrates that host shale occurs across all tenements
Slide 13: Storsjön Projects development options
Storsjön Projects development options For personal use only Resources at or near surface – Open pit or bulk underground mining Pilot plant scale testwork on Alum Shales in southern Sweden – Uranium recoveries 80% Later testwork – 89-93% recovery of U3O8 – 60-70% of vanadium Aura will focus o
Slide 14: The opportunity for Aura in Sweden
The opportunity for Aura in Sweden For personal use only Sweden has more than 1000 years of mining history Power generation 50% nuclear Exceptional infrastructure – power, transport – Rail through the applications Abundant fresh water Skilled workforce Recently ranked first as the lowest
Slide 15: High grade veins and skarns: e.g. Håkantorp uranium
High grade veins and skarns: e.g. Håkantorp For personal use only uranium High grade uranium mineralisation occurs in association with iron ores Zone which extends for at least 400 metres along strike Maximum grades 3-4% U3O8 No exploration for uranium is reported since the 1950s Close to
Slide 16: Continuing programme to define inferred resource at Wondinong
Continuing programme to define inferred resource at Wondinong For personal use only Radiometric discovery by WMC in 1971 Aura - 590 drill holes in 3 programmes Aura has now defined mineralisation over area at least 7 km long and up to 3.5 km wide Inferred resource next quarter
Slide 17: Gunbarrel Basin
Gunbarrel Basin For personal use only >100 Mlb U province Known deposits order of magnitude larger in WA 46,000t U3O8 673t U Mega Redport JV Airborne EM and 15-20,000t U3O8 radiometric surveys completed 4200m drill programme approved by Mega
Slide 18: Africa Alliance with GCM
Africa Alliance with GCM For personal use only 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
Slide 19: The immediate future
The immediate future For personal use only Storsjön Projects – Building project team – Metallurgical testwork programme commenced – Currently programme of ground geophysics, mapping and sampling – Drilling to confirm thickness and grades Define an inferred resource at Wondinong Drill test Lake