Aura Energy Ltd · ASX:AEE
Aura Energy — Australian Uranium Conference 2011
26 slides from Aura Energy's conference presentation, Jul 21, 2011
Slide 1: Australian Uranium Conference
Australian Uranium Conference Presented by Dr Bob Beeson sweden For personal use only west africa australia 21 July 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: 34c (20 July 2011) Market capitalisation: A$45 M Cash position: $4.6 M (Mar 2011) Shares: 132.1 M Main shareholders: Board & Management 4.3% Drake Resources 4.6% Technical Investing Pty Ltd 6.8% Kinetic Investment Partners 6.9% 3
Slide 4: Significant Resources
Significant Resources For personal use only Häggån & Kallsedet Projects, Sweden Mauritania, West Africa Niger, West Africa Wondinong, Australia 4
Slide 5: Our Achievements & Our Plans
Our Achievements & Our Plans 2011 – first half For personal use only o extensive drilling in Reguibat, Mauritania o initial resource 50 Mlbs for Reguibat, Mauritania o resource extension drilling at Häggån o strengthened board – mine development & operations 2011 – second half o proof of concept bio
Slide 6: Strengthened Board
Strengthened Board For personal use only Existing board Added mine development and operations strength to the board Brett Fraser – Chairman Worked in the financial services industry globally for 22 years including as an analyst in the merchant banking industry focusing on mining. He has owned and op
Slide 7: Sweden Main Projects
For personal use only Sweden Main Projects 7 Häggån Project, Sweden
Slide 8: Häggån Project - Many Highlights
Häggån Project - Many Highlights For personal use only o Sweden mining friendly country o giant uranium field, large resource - 291 million pounds U₃O₈* inferred resource with 0.81Bn tonnes @ grade – 162 ppm U₃O₈ o enhanced value with co-products nickel, zinc, molybdenum & vanadium o NEW proof of co
Slide 9: Sweden: Mining Friendly
Sweden: Mining Friendly o historic culture of mining For personal use only o favourable ranking in any mining investment risk surveys o low corporate tax rate & royalties o Europe’s largest copper mine & biggest iron ore producer o legislation & regulations very supportive of mining o excellent infr
Slide 10: LARGE Resource, GIANT Uranium Field
LARGE Resource, GIANT Uranium Field For personal use only o 100% project ownership o every drill hole in 18 km2 Häggån permit intersected mineralisation o selected intercepts include: 178m @ 175 ppm U₃O₈ 180m @ 160 ppm U₃O₈ 192m @ 171 ppm U₃O₈ 226m @ 160 ppm U₃O₈ 115m @ 188 ppm U₃O₈ 10
Slide 11: Potential Co-production – Enhanced Value
Potential Co-production – Enhanced Value For personal use only o 291 million pounds U₃O₈* in Aura’s initial inferred resource with 0.81Bn tonnes @ grade – 162 ppm U₃O₈ o Plus co-products - molybdenum (361 Mlbs) - nickel (353 Mlbs) - zinc (496 Mlbs) - vanadium (2940 Mlbs) o equivalent uranium grade a
Slide 12: 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 13: 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 13
Slide 14: High Recoveries
High Recoveries For personal use only Metal extraction o mineralisation is acid generating & lends itself to bioleaching (atypical of most uranium ores) o bioleaching - established technology for copper, nickel & gold o recently applied to uranium at Talvivaara in Finland o good recoveries from init
Slide 15: Highly Encouraging Bioleaching Results
Highly Encouraging Bioleaching Results For personal use only o highly encouraging initial bio-heap leaching results from 2nd phase of testwork o first small-scale column leach tests indicate maximum extractions of: o 75% uranium o 65% nickel o 60% zinc o 25% molybdenum o potential low capital & oper
Slide 16: Existing Talvivaara Project in Finland Analogue
Existing Talvivaara Project in Finland Analogue o Talvivaara, Finland uses For personal use only bioleach to recover: 0.8 Mlbs pa from 17ppm U3O8 ore o recent Cameco funding and offtake agreement for U3O8 o Talvivaara, Finland modern mine based on shales o mining 24Mtpa ore Talvivaara Project, Finla
Slide 17: Next Steps: Häggån
Next Steps: Häggån For personal use only o second phase of drilling on western part of project complete o resource upgrade in September quarter o larger scale bioleach testwork o scoping study 17
Slide 18: West Africa Main Projects
For personal use only West Africa Main Projects Mauritania – Easy trenching 18
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 o successful project identification & acquisition o greenfield discovery of significant new uranium field o 100% properties plus 2 joint venture permits o one of la
Slide 20: Substantial First Resource – 50Mlbs
Substantial First Resource – 50Mlbs For personal use only o major new calcrete uranium resource o initial resource: 50 Mlbs of uranium at average grade of 330ppm U3O8 compliant with JORC code* o mineralisation in single flat- lying sheets from within 1m of surface o mineralisation 1-10m thick * for
Slide 21: Well Positioned Amongst Global Resources
Well Positioned Amongst Global Resources For personal use only Reguibat one of the largest calcrete deposits not in development * This target is conceptual in nature (the potential quantity and grade of this target is conceptual in nature, that there has been insufficient exploration to define a Min
Slide 22: Laterally Continuous Zones of Higher Grade
Laterally Continuous Zones of Higher Grade o selected intercepts For personal use only 10m @ 2000 ppm U3O8 4.5m @ 1863 ppm U3O8 2.5m @ 1859 ppm U3O8 2.5m @ 1787 ppm U3O8 3m @ 1417 ppm U3O8 3m @ 1312 ppm U3O8 Oued el Foule Est Zone A drillholes Intersections >400ppm U3O8 22
Slide 23: Potential to Expand
Potential to Expand For personal use only o potential in areas drilled, but not included in resource o many zones open in at least one direction o other radiometric anomalies have yet to be tested o holds 2,876 km2 in permit applications to the east of the Ain Sder resource that are considered prosp
Slide 24: Why Invest in Aura?
Why Invest in Aura? For personal use only on track & fully delivering on company strategy focus on 2 key projects: Sweden & West Africa o Sweden, Häggån: testwork breakthrough with bioleach extractions creates major opportunity on giant uranium field o Mauritania, Reguibat: major new calcrete ur
Slide 25: Inferred Resource Statement – Häggån
Inferred Resource Statement Häggån For personal use only 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 dem
Slide 26: Inferred Resource Statement – Reguibat
Inferred Resource Statement For personal use only Reguibat Lower Cut Off Tonnes Grade Contained U3O8 Category ppm U3O8 Mt ppm U3O8 Mlb Inferred 100 68.7 330 50.2 Competent Persons The Competent Person for the Resource estimation and classification is Mr Oliver Mapeto from Coffey Mining. The Competen