Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (September 2024)
21 slides from Aura Energy's investor presentation, September 2024
Slide 1: Near Term Uranium Producer
SEPTEMBER 2024 Near Term Uranium Producer Developing metals and minerals for a cleaner energy future ASX: AEE | AIM: AURA 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: Corporate snapshot
Corporate snapshot ▪ ASX and AIM listed uranium exploration company (ASX:AEE, AIM:AURA) with a focus on HÄGGÅN PROJECT cleaner energy since 2006 Sweden (100% owned) ▪ Developing metals and minerals for a cleaner energy future, valuing host nations, communities and shareholders ‒ Primary focus – near
Slide 4: Experienced team
Experienced team Board Management Andrew Grove ▪ Significant corporate, technical, project finance, West African and MD & CEO uranium experience Phil Mitchell ▪ Finance and mergers and acquisitions (M&A) TBA ▪ Commencing in November Non-executive chair ▪ M&A for Robert Friedland, CFO of Rio Tinto Ir
Slide 5: Why nuclear energy?
Why nuclear energy? Growing clean energy demand Global shift towards nuclear energy for Carbon-Free base lode capacity ▪ Nuclear energy essential for the global economic decarbonisation ▪ Spot Uranium price up over 90% in past 12 months ▪ From 18.5TWh in 2010 to forecast of 43.7TWh in 20501 Latest
Slide 6: Aura Energy – part of the energy transition
Aura Energy – part of the energy transition TIRIS – a near-term uranium producer ▪ Outstanding economics1: ‒ Post-tax NPV US$499M, IRR 39%, 2.25-year payback ▪ Simple low-risk shallow free digging mining with no TIRIS PROJECT Mauritania blasting, crushing or grinding (85% owned) ▪ High-grade leach f
Slide 7: Mauritania overview
Mauritania overview Stable and supportive government – ready for uranium mining ▪ President Ghazouani secured second 5-year term in June 2024 with M A U R I TA N I A 56% of primary vote SNIM ▪ All licences required to develop and operate Tiris received ▪ Inter-Ministerial committee established to s
Slide 8: Tiris uranium project - Mauritania
Tiris uranium project - Mauritania Low-cost, long-life, near-term uranium producer with exceptional growth opportunities Outstanding economics1 Low operating costs1 Post-tax NPV8 US$499M & IRR 39% AISC: US$35.7/lb Payback 2.25 years Simple shallow open pit mining Post-tax Cash Flow US$1,502M Screeni
Slide 9: Tiris uranium project – outstanding economics
Tiris uranium project – outstanding economics Updated MRE delivers significant financial outcomes1 NPV8 (post-tax) US$499M (A$734M) IRR (post-tax) 39% Payback 2.25 years Life of Mine (LOM) 25 years 1.8Mlbspa U3O8 Annual uranium produced (2.2Mlbspa over first 10 years) Total production [LOM] 43.5Mlbs
Slide 10: Tiris uranium project – Simplified Mining
Tiris uranium project – Simplified Mining ▪ Hub and Spoke mining ▪ Central Processing Years 10-25 ▪ Simplified mining sequence Years 7-20 ▪ First 3 years Lazar Nth and Sadi Sth 28.6km ▪ First 15 years only 3 deposits ▪ Leach Plant located adjacent to first 20.1km mined area • Mined and beneficiated
Slide 11: Tiris uranium project – +2,000ppm U3O8 leach feed
Tiris uranium project – +2,000ppm U3O8 leach feed Mining MINING: ▪ Shallow free digging open pit mining <6m depth ▪ Low Strip Ratio 0.8:1 waste:ore - only 6.9Mtpa total material mined ▪ Conventional truck and shovel operation ▪ Significant flexibility accessing ore – shallow and multiple pits ▪ Back
Slide 12: Tiris uranium project – high grade leach
Tiris uranium project – high grade leach Simple proven beneficiation allows an ongoing grade advantage Beneficiation Leaching/processing plant Calcine, precipitation, packaging 87% mass ~2,000ppm leach feed Tails to pits rejected Scrubbing and Slurry Pipeline Yellowcake Ion Mining screening 91% Uran
Slide 13: Northern Mauritania - a new uranium province
Northern Mauritania - a new uranium province ▪ Updated Mineral Resources2 - 91.3Mlbs U3O8 ‒ 55% increase +32Mlbs U3O8 from recent 15,500m drill program (red) Eastern Tiris Resource Areas ▪ Ore Reserves1 - 22.6Mlbs U3O8 – being updated ▪ Discovery cost of US$0.20/lb U3O8 ▪ Significant Resource growth
Slide 14: Northern Mauritania - massive untested potential
Northern Mauritania - massive untested potential Radiometric targets generated from USGS/BRGM - Prism Survey radiometrics Aura Energy | 14
Slide 15: Tiris uranium project – next steps for 2024
Tiris uranium project – next steps for 2024 Air Core drilling Uranium mineralisation - carnotite Current state ▪ Final license for development and operations received ▪ Develop team to deliver Tiris – Owners team, CFO appointed, Country Manager to commence in November ▪ Significantly increased Miner
Slide 16: Häggån polymetallic project - Sweden
Häggån polymetallic project - Sweden Future facing minerals Stockholm HÄGGÅN PROJECT Sweden (100% owned) Globally significant project Bonus uranium potential 2.5B Containing vanadium, sulphate of tonnes1 800Mlbs Uranium (U3O8) potash (K2SO4), U3O8, Mo, Ni, Zn Mineral Resource2 Lifting of uranium min
Slide 17: Häggån polymetallic project – Sweden
Häggån polymetallic project – Sweden Future Facing Minerals Project with long-life, optionality and scalability Häggån scoping study1 Life of mine (‘LOM’) ore production 59Mt Total Resource 2,548Mt at 0.1% V2O5 cut-off Lease boundary Overall V2O5 recovery from plant feed 80% V2O5 production - LOM 16
Slide 18: Conclusions
Conclusions Clean energy demand Tiris – near-term 2Mlbspa producer Impressive growth pipeline ▪ Global commitments to de-carbonise energy ▪ Tiris Project – high value near-term uranium ▪ Significant Resource growth potential at production mine with post-tax NPV of US$499M and IRR Tiris of 39%, AISC
Slide 19: Questions
Questions Andrew Grove Managing Director and CEO agrove@auraee.com +61 414 011 383 Paul Ryan Investor & Media Relations ASX:AEE AIM:AURA paul.ryan@sodali.com +61 409 296 511 19
Slide 20: Tiris Project Ore Reserve and Mineral Resources
Tiris Project Ore Reserve1 and Mineral Resources2 MRE June 20242 Tiris Ore Reserves1 Deposit Class Mt U3O8 Mlb U3O8 Hippolyte East Inferred 2 172 0.8 Tonnes U3O8 U3O8 Measured 11 237 5.6 Area / Class Indicated 7 238 3.7 (Mt) (ppm) (Mlbs) Hippolyte North Inferred 9 236 4.9 Lazare North Sub-total 27 2
Slide 21: Häggån Mineral Resources
Häggån Mineral Resources1,2 Häggån Mineral Resources1 V2O5 Cut-Off Tonnes V2O5 K2O Mo Ni Zn V2O5 Class % Mt % % ppm ppm ppm M lbs Indicated 45 0.34 4.11 213 365 501 332 0.1 Inferred 2,503 0.27 3.37 200 312 433 14,873 Indicated 42 0.35 4.13 217 375 512 320 0.2 Inferred 1,963 0.30 3.80 212 337 463 13,