Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (July 2024)
21 slides from Aura Energy's investor presentation, July 2024
Slide 1: Near Term Uranium Producer
Developing metals and minerals for a cleaner energy future Near Term Uranium Producer JULY 2024 ASX:ASX: AEE |AEE AIM: AURAAURA | AIM:
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 HÄGGÅN PROJECT focus on 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-t
Slide 4: Board and Management
Board Management Phil Mitchell • Finance and mergers and acquisitions (M&A) Andrew Grove • Significant corporate, technical, project finance, West African and Non-executive chair • M&A for Robert Friedland, CFO of Rio Tinto Iron Ore Managing uranium experience Director & CEO • Chesser Resources, Per
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 W
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$388M, IRR 36%,2.5-year payback ✓ Simple low-risk shallow free digging mining with no TIRIS PROJECT Mauritania blasting, crushing or grinding (85% owned) ✓ High-grade leach fee
Slide 7: Mauritania overview
Mauritania overview ✓Stable and supportive government ✓ President Ghazouani secured second 5-year term in June 2024 with SNIM 56% of primary vote ✓ All licences required to develop and operate Tiris received ✓ Inter-Ministerial committee established to support Tiris development ✓ Well established le
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$388M & IRR 36% AISC: US$34.5/lb Payback 2.5 years Simple shallow open pit mining Production17-years @ 2Mlbspa Screenin
Slide 9: Tiris Uranium Project – outstanding economics
Tiris Uranium Project – outstanding economics Front End Engineering Design - Financial Outcomes1 NPV8 (post-tax) US$388M (A$597M) IRR (post-tax) 36% Payback 2.5 years Life of Mine (Life of Mine) 17 years Annual Uranium Produced 1.9Mlbs U3O8 Total Production (Life of Mine) 30.1Mlbs U3O8 Free Cashflow
Slide 10: Tiris Uranium Project – ~2,000ppm U3O8 Leach Feed
Tiris Uranium Project – ~2,000ppm U3O8 Leach Feed Mlbs U3O8 Production % ppm MINING: 2.5 2,500 ✓Shallow free digging open pit mining <6m depth 2.0 2,000 LOM Avg grade ✓Low Strip Ratio 0.7:1 waste:ore - only 6.4Mtpa total material mined 1.5 1,500 1,743ppm ✓Conventional truck and shovel operation 1.0
Slide 11: 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 12: Northern Mauritania - A New Uranium Province
Northern Mauritania - A New Uranium Province Ore Reserves1 - 22.6Mlbs U3O8 – to be updated Eastern Tiris Resource Areas Updated Mineral Resources2 - 91.3Mlbs U3O8 ➢ 55% increase +32Mlbs U3O8 from recent 15,500m drill program (red) Discovery cost of US$0.20/lb U3O8 Significant Resource growth potenti
Slide 13: Tiris Uranium Project – Next Steps for 2024
Tiris Uranium Project – Next Steps for 2024 Air Core drilling Uranium mineralisation - carnotite ✓ Final license for development and operations received ✓ Develop team to deliver Tiris – Owners team, CFO appointed, Country Manager to commence in November ✓ Significantly increased Minerals Resources
Slide 14: 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 tonnes1 800 Mlbs Containing Vanadium, Sulphate of Uranium (U3O8) Potash (K2SO4), U3O8, Mo, Ni, Zn Mineral Resource 2 Lifting of uranium m
Slide 15: 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 16: 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$388M and IRR Tiris of 36%, AISC
Slide 17: Questions
Questions Andrew Grove Managing Director and CEO agrove@auraee.com +61 414 011 383 Paul Ryan Investor & Media Relations ASX:AEE AIM:AURA p.ryan@morrowsodali.com +61 409 296 511 17
Slide 18: Appendix
Appendix 1 18
Slide 19: 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 20: Tiris Project New Tenement Applications
Tiris Project New Tenement Applications1 Oum Ferkik ✓ 13,000 km2 of exploration tenements in the Tiris Uranium Province in Northern Mauritania ✓ Targets were selected following a detailed 12-month evaluation program based on historical drilling and radiometric data and analogues from the Company’s s
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,