Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (April 2010)
28 slides from Aura Energy's investor presentation, Apr 20, 2010
Slide 1: Drilling delivering on strategy
For personal use only “Drilling delivering on strategy” INVESTOR PRESENTATION By Bob Beeson Managing Director April 2010 1
Slide 2: Overview
Overview For personal use only • introduction • the road so far... • world uranium resources & market outlook • Storsjön district, Sweden • West Africa • Western Australia • goals for 2010 • summary 2
Slide 3: Corporate
Corporate For personal use only ASX Code: AEE (listed May 2006) Market capitalisation: A$20 M (at 24c) Cash position: $4.3 M (Dec 09) Shares: 83.2 M Main shareholders: UBS Nominees 18.5% GCM Resources Plc 9.5% Drake Resources Ltd 4.3% Board & Management 7.0% 3
Slide 4: Advanced Projects
Advanced Projects For personal use only Storsjön, Sweden Mauritania, West Africa Niger, West Africa Wondinong, Australia 4
Slide 5: New Suppliers Needed
New Suppliers Needed For personal use only • 2008 ‐ world uranium production 43,853t • current production only meets 67% of demand for power generation • experts predict global demand for uranium will rise at least 4 times in next 30 years Source: WNA Market Report data 5
Slide 6: Significant Company Milestones
Significant Company Milestones For personal use only JORC Announced compliant Systematic First Listed Gunbarrel resource exploration Extended drilling in on ASX JV Wondinong in Africa Africa into Africa Drilling at Extended Gunbarrel Drilling into WA Second Wondinong, Sweden Gunbarrel U drilling in
Slide 7: Sweden
For personal use only Sweden
Slide 8: Storsjön District, Sweden
Storsjön District, Sweden For personal use only • 100% project ownership • 1 bn pounds of U3O8 in inferred resources defined in adjoining tenements (Continental) • Aura focus ‐ thicker, better grade Alum Shale • molybdenum and vanadium co‐products add potential value 8
Slide 9: 2010 Drill Programme Complete
2010 Drill Programme Complete For personal use only • drilling intersected thick mineralisation over wide area • 3 intersections totalling 130m @ average grade of 180ppm U3O8, including 3 separate intersections averaging > 200ppm U3O8 • continuous intersection of 109m @168ppm U3O8 • several intersec
Slide 10: Low Mining Cost
Low Mining Cost For personal use only • massive thicknesses of mineralisation • continuous, flat‐lying • coherent bodies of better grade mineralisation >200 ppm U3O8 • near‐surface, low cost open‐pit mining 10
Slide 11: High Recoveries
High Recoveries For personal use only • uranium extracted from Alum Shales in southern Sweden in 1960s • ANSTO initial testwork on conventional leaching – initial results give 90‐93% recovery • Parker Centre/CSIRO commenced bio‐heap leach testwork • recent Continental testwork – Uranium 90% recovery
Slide 12: Resource Potential
Resource Potential For personal use only • total exploration target of 800 ‐ 1200 Mlb U3O8 • partial resource – potential for one of largest world resources 12
Slide 13: Next Steps - Storsjön
Next Steps ‐ Storsjön For personal use only • complete assays over next 2 months • JORC compliant resource by end July 2010 • drilling only on eastern part of Haggan, covering 5 km2 (5% Aura’s permits) • ongoing metallurgical testwork • talk to prospective partners 13
Slide 14: West African Projects
West African Projects For personal use only 14
Slide 15: Strong ground position in Mauritania
Strong ground position in Mauritania For personal use only • successful project identification & acquisition • 7 granted permits in Mauritania • Aura 55+% of 4 key JV permits • greenfield discovery of significant new uranium field 15
Slide 16: Requibat Rapidly Advancing
Requibat Rapidly Advancing For personal use only • good grade calcrete mineralisation over wide areas at surface • uranium mineralisation within zones of strong radiometric response • mineralisation, ranging up to 0.32% U3O8, in shallow sampling pits 16
Slide 17: Extensive Drill Programme
Extensive Drill Programme For personal use only • 16 km2 tested • 392 holes • half of holes mineralised @ > 100ppm U3O8 • confirms widespread mineralisation 2‐4m thick • supports exploration target of 50 Mlbs of U3O8 Mineralised holes (yellow dots), Zone A, Oued El Foule Est • strong evidence of und
Slide 18: Resource Potential
Resource Potential For personal use only • Reguibat target very competitive on size and grade • grade potential separates Requibat from many calcrete projects 18
Slide 19: Next Steps - Mauritania
Next Steps ‐ Mauritania For personal use only • ~ 50% of anomalies tested • undertake further drilling to advance project • major geophysical survey – 3,000 km2 yet to be covered by radiometrics • aim to release resource statement compliant with JORC by early 2011 • bedrock yet to be tested on Aura
Slide 20: Australia
For personal use only Australia 20
Slide 21: Western Australian projects
Western Australian projects For personal use only • Gunbarrel – 100% — large deposits nearby, but underexplored palaeochannels — previous JV did 2 phases of limited drilling — drilling July 2009 intersected 14m zone of radiometric anomalism in hole • Wondinong Project ‐ 100% — JORC‐compliant resourc
Slide 22: Significant news over next months
Significant news over next 12 months For personal use only • Sweden – first JORC resource – metallurgical testwork – scoping studies • Mauritania – next stage of drilling – expand areas of radiometric survey – first JORC resource • drilling on Western Australia projects • develop pipeline of other p
Slide 23: Aura Upside Potential
Aura Upside Potential For personal use only • major opportunity for share price growth as Aura achieves its targets • comparatives indicate undervalued 23
Slide 24: Summary
Summary For personal use only • drilling fully delivered on strategy in Storsjön & Mauritania • Storsjön contains massive resource potential — initial resource statement in next 3months • Requibat offers size, grade, surface mineralisation • share price growth & re‐rating as 2 main projects progress
Slide 25: www.auraenergy.com.au
For personal use only www.auraenergy.com.au 25
Slide 26: For personal use only
For personal use only 26
Slide 27: 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 28: Competent Person Statement
Competent Person Statement For personal use only The information in this presentation that relates to Exploration Results, Mineral Resources, or Ore Reserves is based on information compiled by Dr Robert Beeson. Dr Robert Beeson has sufficient experience which is relevant to the style of mineralisat