Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (February 2011)
26 slides from Aura Energy's investor presentation, Feb 22, 2011
Slide 1: Investor Presentation
Investor Presentation Presented by Dr Bob Beeson For personal use only sweden west africa australia February 2011
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement For personal use only 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 pres
Slide 3: Corporate
Corporate For personal use only ASX Code: AEE Share Price: 49c Market capitalisation: A$65 M Cash position: $6.4 M (Dec 2010) Shares: 132.1 M Main shareholders: Board & Management 4.3% Drake Resources 4.6% Technical Investing Pty Ltd 6.8%
Slide 4: Share Price History
For personal use only Share Price History
Slide 5: Advanced Projects
Advanced Projects For personal use only Häggån & Kallsedet Projects, Sweden Mauritania, West Africa Niger, West Africa Wondinong, Australia
Slide 6: What's Happened & What's Planned
What’s Happened & What’s Planned For personal use only 2010 o initial resource defined at Häggån, Sweden o high uranium recoveries from initial tests at Häggån o second phase of bio‐heap leach tests commenced o drilling confirms uranium in greenfield Reguibat province Mauritania o increased land pos
Slide 7: Meeting Growing Uranium Demand
Meeting Growing Uranium Demand For personal use only o 442 reactors in operation with another 541 planned or in construction o electricity demand globally expected to rise by 75% over next 20 years o nuclear power most feasible source of commercial CO2 free energy o Uranium price steadily increasing
Slide 8: Sweden Main Projects
For personal use only Sweden Main Projects
Slide 9: Sweden: Mining Friendly
Sweden: Mining Friendly For personal use only o historic culture of mining o low corporate tax rate & royalties o Europe’s largest copper mine & biggest iron ore producer o low production costs o legislation & regulations very supportive of mining o excellent infrastructure o nuclear power – 50% of
Slide 10: LARGE Resource, GIANT Uranium Field
LARGE Resource, GIANT Uranium Field For personal use only o 100% project ownership o private land used for forestry o every drill hole in 18 km2 Häggån permit intersected mineralisation o drilling only covered 5% of Aura’s permits o 291 million pounds U3O8 in Aura’s initial inferred resource with 0.
Slide 11: Largest Undeveloped Uranium Resources
Largest Undeveloped Uranium Resources For personal use only 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 ER
Slide 12: Low Mining Cost
Low Mining Cost For personal use only 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
Slide 13: High Recoveries
High Recoveries For personal use only o conventional tests give high 93% recoveries of uranium o Parker Centre/CSIRO initial bio‐heap leach successful results demonstrates uranium, molybdenum, nickel & zinc have improved extraction rates o advantage of low capital & operating costs o next stage test
Slide 14: Proven Multi-Metal Recoveries
Proven Multi-Metal Recoveries For personal use only o Talvivaara, Finland uses bioleach to recover: 0.8 Mlbs pa from 17ppm U3O8 ore o recent Cameco funding and offtake agreement o Talvivaara also recovers nickel, copper, cobalt o added value! Aura’s molybdenum, nickel, zinc & vanadium co‐products
Slide 15: Modern Operation on Shales
Modern Operation on Shales For personal use only o Talvivaara, Finland modern mine based on shales o mining 24Mtpa ore (US$2.60/t) o output 2011 ‐ nickel 35kt+ , zinc 70kt+, with copper, cobalt and uranium o moderate CapEx o bio‐heap leach processing and metal recovery (US$11‐12/t) o recovered Ni, C
Slide 16: Next Steps: Häggån
Next Steps: Häggån For personal use only o drilling only on eastern part of Häggån, covering 5 km2 (5% Aura’s permits) o ongoing metallurgical testwork o scoping study
Slide 17: New Project: Kallsedet
New Project: Kallsedet For personal use only o next project in pipeline o 4 hole initial program o targeting high grade areas o extensive outcrops of potential mineralisation
Slide 18: West Africa Main Projects
West Africa Main Projects For personal use only
Slide 19: Strong Position in Mauritania
Strong Position in Mauritania For personal use only o long‐term existing mining operations o supportive government o Aura in Mauritania successful project identification & acquisition greenfield discovery of significant new uranium field 100% properties plus 2 joint venture permits major player in f
Slide 20: Early 2010 Drilling Successful
Early 2010 Drilling Successful For personal use only o 392 holes over 16 km2 o mineralisation – average grade of 320ppm U3O8 o mineralisation 2‐4m thick o supports exploration target of 40‐60 Mlbs U3O8 at an average grade of 300 to 450 ppm U3O8 # # This target is conceptual in nature (the potential
Slide 21: Drilling 2010 – 2011
Drilling 2010 – 2011 For personal use only o resource drilling commenced late 2010 o aim to release JORC compliant resource statement in first half 2011 o significant untested uranium anomalies from extensive geophysical surveys o Ghazal JV tenements to be drill tested
Slide 22: High Quality Resource Potential
High Quality Resource Potential For personal use only o Reguibat exploration target# very competitive on size & grade o potential grade separates Reguibat from many calcrete projects # This target is conceptual in nature (the potential quantity and grade of this target is conceptual in nature, that
Slide 23: Aura in the Marketplace
Aura in the Marketplace For personal use only o major opportunity for share price growth as Aura achieves its targets o comparatives indicate undervalued
Slide 24: Why Invest in Aura?
Why Invest in Aura? For personal use only 9 fully delivering on company strategy 9 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: JORC resource expected in first hal
Slide 25: For personal use only
For personal use only
Slide 26: Inferred Resource Statement
Inferred Resource Statement For personal use only Häggån Cutoff U3O8 Size U3O8 MoO3 V2O5 Ni Zn 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 d