Aura Energy Ltd · ASX:AEE
Aura Energy — Shareholder Meeting (December 2021)
26 slides from Aura Energy's shareholder meeting presentation, Dec 21, 2021
Slide 1: A Year in Review: Transitioning from Uranium Developer to Uranium Producer
ASX:AEE AIM:AURA A YEAR IN REVIEW TRANSITIONING FROM URANIUM DEVELOPER TO URANIUM PRODUCER AGM Presentation 2021 AGM 21 December 2021
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: A Year in Review
A YEAR IN REVIEW ADVANCING FROM URANIUM EXPLORER TO URANIUM PRODUCER Transformational year for Aura Energy as the Company transitions to a uranium producer US$10m Offtake Financing Agreement with Curzon, with up US$20m available under the agreement Resource upgrade of 10% or 5.0 million lb U3O8 brin
Slide 4: Project Overview: Tiris Uranium – Mauritania
PROJECT OVERVIEW WORLD CLASS PROJECTS FOR THE ENERGY TRANSITION TIRIS URANIUM – MAURITANIA – 100% HIGH GRADE BATTERY METALS • Low Capex and Low Operating Cost • Updated Capital Estimate and DFS - August 2021 • Recent resource upgrade of 10% or 5.0 million lb U3O8 bringing the total JORC Resources to
Slide 5: Project Overview: Häggån Vanadium and Gold, Base and Battery Metals
PROJECT OVERVIEW WORLD CLASS PROJECTS FOR THE ENERGY TRANSITION HÄGGÅN VANADIUM – SWEDEN 100% GOLD, BASE AND BATTERY METALS HIGH GRADE BATTERY METALS CREATING FURTHER SHAREHOLDER VALUE • Large Vanadium (V2O5) Resource [2] • Archaean Greenstone Belt – Kalgoorlie / Tasiast • 1.1 Billion lb High-Grade
Slide 6: New Board and Management
NEW BOARD AND MANAGEMENT PHIL MITCHELL – NON-EXECUTIVE CHAIRMAN • Significant experience in mining M&A having held former roles as Head of Business Development and Strategy at Rio Tinto. Former CFO of Rio Tinto Iron Ore, member of the Executive Committee at Anglo American, and headed acquisitions fo
Slide 7: Tiris Uranium Project
TIRIS URANIUM PROJECT aura energy
Slide 8: Tiris Investment Highlights
TIRIS INVESTMENT HIGHLIGHTS Current Capital Recent 10% Up to US$20m Strategic Board Low Capex and Estimate & DFS Resource Project Offtake Restructure Low Operating Cost Upgrade Debt Financing* Capital cost of DFS Capital JORC Resource of Electrical utilities to To focus on US$74.8m updated August 56
Slide 9: Low Capital & Operating Cost
LOW CAPITAL & OPERATING COST HOW DOES AURA ENERGY COMPARE TO PEERS? TIRIS URANIUM PROJECT OTHER URANIUM PROJECTS Significant drill and blast through the expensive use of explosives and other No Drill and Blast methods including gas pressure blasting pyrotechnics to break rock for excavation. Use sub
Slide 10: Aura Energy Competitive Advantage
AURA ENERGY COMPETITIVE ADVANTAGE NEAR TERM URANIUM PRODUCERS Aura Bannerman Energy Energy Boss Global Atomic Fission Denison Paladin Energy NexGen Stock Code ASX:AEE ASX:BMN ASX:BOE TSE:GLO TSE:FCU NYSE:DNN ASX:PDN TSE:NXE Mkt cap (AU$) $102.0m $344.8m $616.6m $707.26m $594.1m $1,580.1m $2,183.1m $
Slide 11: Tiris Competitive Advantage
TIRIS COMPETITIVE ADANTAGE Tiris Uranium Project PROJECT ATTIBUTES • Shallow flat-lying surface mineralisation (1-5 metres) • Low-cost mining (free digging) • Simple extraction method (92% in leach) KEY OUTCOMES OF THE STUDY • Low capital cost of US$74.8 million • Low C1 cash cost of US$25.43/lb U3O
Slide 12: Tiris Upside – 2022
TIRIS UPSIDE – 2022 • Expanding the Resource • Refining drilling when on site • High grade hard rock intercepts to be followed up • Cash cost reduction – Opportunity Review • Resource conversion • Only 17.4Mlbs converted in 56Mlb Resource • Expansion potential previously reviewed • Vanadium by-produ
Slide 13: Archaean Greenstone Gold
ARCHAEAN ARCHAEANGREENSTRONE GREENSTONE GOLD
Slide 14: Executive Summary: Aura's Gold Assets
EXECUTIVE AURA’S GOLD ASSETS SUMMARY ARCHAEAN GREENSTONE GOLD • Archaean Greenstone Gold represents one of the last great opportunities in the world for exploration on a single large tract of Archaean greenstone geology. • With the 20 Moz operating Kinross-owned Tasiast Mine operating just 36 Km awa
Slide 15: Gold and Base Metals in Mauritania
GOLD AND BASE METALS IN MAURITIANA TARGETING GOLD AND BATTERY METAL POTENTIAL • Aura secured exceptional gold and base metal properties early 2017, with three permits; Taet (100%), Bella (100%) and Nomads Farmin (Up to 70%) • 125 km2 of virgin Greenstone belt with little exploration and 36 km south
Slide 16: Gravity Survey
GRAVITY SURVEY ALLOWING FOR BETTER DEFINITION OF GEOLOGY AND INDENTIFICATION OF STRUCTUURES • Gravity survey completed in August 20211 over all three Tasiast South tenements, allowing for better definition of geology, the identification of structures likely to be of relevance to gold deposition and
Slide 17: Archaean's Discovery Credentials
ARCHAEAN’S DISCOVERY CREDENTIALS PETER REEVE – MANAGING DIRECTOR • 35 years resources experience in technical, management & corporate finance roles, with Rio Tinto, Shell-Billiton, Newcrest, Ivanhoe Australia NEIL CLIFFORD – GEOLOGIST • Led teams that discovered +25 M oz gold (Sunrise Dam +10 Moz, M
Slide 18: West African Gold Province
WEST AFRICAN GOLD PROVINCE • Fastest growing gold production area • Many large (+5 M oz) deposits • Heavily explored except Mauritania • Tasiast (+20 M oz) discovered 1999 • Kinross acquired 2010 • Archaean greenstone belts globally follow a similar pattern 18
Slide 19: Program Outline
PROGRAM OUTLINE TAET TARGET PHASE 1 PROGRAM SCHEDULE Gravity IP Airmag Auger drilling Aircore drilling RC drilling DD w eek: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Activity Gravity surveying IP surveying Taet & Bella Air-magneti
Slide 20: Häggån Vanadium Project
HÄGGÅN VANDIUM PROJECT HIGH GRADE VANADIUM PROJECT HIGHLIGHTS • 100% owned 15.2 Billion lb Global Vanadium Resource1 • 1.1 Billion lb High-Grade V2O5 Zone Sweden • 124 Mt @ 0.43% V2O5 • Shallow Mine 20 to 100m • Scoping Study costs complete ADDITIONAL INITIATIVES • Swedish Gov driving Green Metal tr
Slide 21: Corporate Snapshot
CORPORATE SNAPSHOT Aura Energy (ASX:AEE) has undergone a strategic transformation to transition from a uranium explorer to uranium producer at the low capex and low operating cost Tiris Uranium Project, to meet the increasing demand for uranium, as the world shifts towards a decarbonised global ener
Slide 22: Contact
CONTACT Peter Reeve Managing Director preeve@auraee.com Jane Morgan Investor & Media Relations jm@janemorganmanagement.com.au +61 405 555 618 22
Slide 23: JORC Resource – Tiris Uranium Project
APPENDIX JORC RESOURCE -TIRIS URANIUM PROJECT Table 1: Tiris Resource Summary, August 2021 Table 2: Tiris East Resource Summary, August 2021. Cut-off Resource Clas Tonnes U3O8 U3O8 U3O8 Cut-off Tonnes U3O8 Class U3O8 (g/t) U3O8 (Mlb) U3O8 g/t Zone s (Mt) (g/t) (Mkg) (Mlb) U3O8 g/t (Mt) (Mkg) 100 All
Slide 24: Häggån Project – Global Inferred Resources
APPENDIX HÄGGÅN PROJECT - GLOBAL INFERRED RESOURCES • Global Inferred Resource of 15.2 billion lbs V2O5 at 0.27% (0.1% cut-off) • At 0.4% cut-off, Inferred Resource is 90 million tonnes at 0.42% V2O5 • Includes contiguous high-grade zone of 49 million tonnes at +0.4% V2O5 between 20 and 100 metres d
Slide 25: Competent Persons Statement
COMPETENT PERSONS STATEMENT The Competent Person for resource information is Mr Neil Clifford. Mr Clifford has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration to qualify as a Competent Person as defined in the 2012 edition of the ‘Austr
Slide 26: Competent Persons Statement and Compliance Statement
COMPETENT PERSONS STATEMENT Exploration information in this Announcement is based upon work undertaken by Mr Neil Clifford who is a Member of the Australasian Institute of Geoscientists (AIG). Mr Clifford has sufficient experience that is relevant to the style of mineralisation and type of deposit u