Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (September 2025)
23 slides from Aura Energy's investor presentation, September 2025
Slide 1: Near Term Uranium Producer
SEPTEMBER 2025 Near Term Uranium Producer Developing Mauritania’s world-class uranium province 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) HÄGGÅN PROJECT Sweden ▪ Developing metals and minerals for a cleaner energy future, valuing host nations, (100% owned) communities and shareholders ‒ Strong presence in Africa – near-term production at the 91Mlb1
Slide 4: Experienced team
Board Experienced team Phil Mitchell Executive chair ▪ ▪ Finance and mergers and acquisitions (M&A) M&A for Robert Friedland, CFO of Rio Tinto Iron Ore Patrick Mutz ▪ Significant uranium processing experience Non-executive director ▪ Former MD of African uranium comp, Deep Yellow and Alliance Res. B
Slide 5: Why nuclear energy?
Why nuclear energy? Global shift towards nuclear energy for Carbon-Free Uranium Structural Supply Deficit base lode capacity Latest World Nuclear Association (WNA) data1 World Nuclear Authority (WNA) shows: Upside supply and demand case2: 6% demand growth with faster baseline growth and introduct
Slide 6: Uranium supply/demand
Uranium supply/demand Canada (15%) 19Mlbs 6 4 Nuclear Power Generation 2023 Kazakhstan (43%) Total 55Mlbs No Country (GW-HR) 5 2 Mauritania 1 US 779,186 +2Mlbs 2 China 406,484 Potential major 3 1 3 France 323,773 1 global producer 5 8 2 4 Russia 171.640 Uzbekistan (6%) 8Mlbs 5 Canada 83,465 Producti
Slide 7: 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 Low AISC of US$35.7/lb U3O8 TIRIS PROJECT Mauritania Simple low-risk shallow free digging mining with no blasting, (85% owned) crushing or
Slide 8: Mauritania overview
Mauritania overview Stable and supportive government – ready for uranium mining President Ghazouani secured second 5-year term in June 2024 All licences required to develop and operate Tiris received Well established legislation allowing the mining and export of uranium, Western Sahara Alger
Slide 9: Tiris uranium project – Mauritania
Tiris uranium project – Mauritania Low-cost, long-life, near-term uranium producer with exceptional growth opportunities Outstanding economics1 Low 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 Wet screening del
Slide 10: 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 11: Tiris uranium project – simplified mining
Tiris uranium project – simplified mining ▪ Hub and Spoke mining ▪ Central processing facility Years 10-25 ▪ Simplified mining sequence Years 7-20 ▪ First 3 years Lazare North and Sadi South ▪ Leach plant located adjacent to first mined area ▪ Mined and beneficiated ore sent to central leach plant i
Slide 12: Tiris uranium project – +2,000ppm U3O8 leach feed
Tiris uranium project – +2,000ppm U3O8 leach feed 3.0 3,000 Mining MINING: U3O8 production 2.5 2,500 ▪ Shallow free digging open pit mining <6m depth 2.0 2,000 ▪ Low Strip Ratio 0.8:1 waste:ore - only 6.9Mtpa total material mined 1.5 1,500 ▪ Conventional truck and shovel operation 1.0 1,000 ▪ Signif
Slide 13: 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 Slurry Yellowcake Scrubbing Pipeline Ion precipitation Mining and scre
Slide 14: Northern Mauritania – a new uranium province
Northern Mauritania – a new uranium province ▪ Shallow calcrete hosted uranium mineralisation Eastern Tiris Resource Areas ▪ Mineral Resources1 - 91.3Mlbs U3O8 ▪ Ore Reserves2 - 33.6Mlbs U3O8 ▪ Discovery cost of only US$0.20/lb U3O8 ▪ Significant Resource growth potential ▪ Very high economic conver
Slide 15: Northern Mauritania – massive untested potential
Northern Mauritania – massive untested potential Ferkik Tiris East Mineral Resource: 162Mt @ 215ppm U3O8 Oum Ferkik Mineral Resource: 76.6Mlbs 22Mt @ 294ppm U3O8 14.6Mlbs Current leases: 753km2 Exploration applications: Taoudeni Basin ~13,000m2 Radiometric targets generated from USGS/BRGM - Prism Su
Slide 16: Tiris uranium project – progress over the last 18 months
Tiris uranium project – progress over the last 18 months Uranium ▪ Minerals Resources increased by 55% to 91.3Mlbs U3O81 mineralisation - carnotite ▪ Ore Reserves increased 49% to 33.6Mlbs U3O82 ▪ Project NPV increased by 29% to US$499M3 ▪ Life of Mine extended to 25 years ▪ Alternative Production T
Slide 17: Tiris uranium project – next steps
Tiris uranium project – next steps Current: ▪ Project funding – well advanced with various parties including the US DFC. ESIA posting period completed, preparation for credit underway ▪ Strategic Investors – potential to bridge equity gap or fund development, due diligence and negotiations continuin
Slide 18: 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 tonnes1,2 800 Mlbs Containing vanadium, sulphate of Uranium (U3O8) potash (K2SO4), U3O8, Mo, Ni, Zn Mineral Resource2 Lifting of uranium
Slide 19: 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 20: Conclusions
Conclusions Clean energy demand Tiris – near-term 2Mlbspa Impressive growth pipeline producer ▪ Global commitments to de-carbonise ▪ Tiris Project – high value near-term ▪ Significant Resource growth potential energy production uranium mine with post-tax NPV of at Tiris US$499M and IRR of 39%, AISC
Slide 21: Questions
Questions Andrew Grove Managing Director and CEO agrove@auraee.com +61 414 011 383 ASX:AEE AIM:AURA Aura Energy | 21
Slide 22: Tiris Project Ore Reserves and Mineral Resources
Tiris Project Ore Reserves1 and Mineral Resources2 Tiris Ore Reserves1 Tiris Mineral Resource June 20242 Tonnes U3O8 U3O8 Tonnes U3O8 U3O8 Deposit / Class Deposit Class (Mt) (ppm) (Mlbs) (Mt) (ppm) (Mlbs) Lazare North Hippolyte East Inferred 2 172 0.8 Measured 11 237 5.6 Proved 3.6 297 2.4 Indicated
Slide 23: 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) (Mlbs) 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 2