Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (November 2011)
22 slides from Aura Energy's investor presentation, Nov 30, 2011
Slide 1: Heading Towards Development
Heading Towards Development Presented by Dr Bob Beeson For personal use only sweden west africa 29 November 2011 Investor Presentation
Slide 2: Corporate
Corporate For personal use only ASX Code: AEE Share price: 20c (24 Nov 2011) Market capitalisation: A$27 M Cash position: $3.3 M (Sept 2011) Shares: 136.7 M Main shareholders: UBS Nominees 6.8% Drake Resources 4.5% National Nominees 4.2% Yarandi Investments 3.4% 2
Slide 3: Uranium Market Overview
Uranium Market Overview o global uranium demand growing & expected to double in For personal use only 5 years o research predicts price of uranium to reach US$100/lb by 2013, currently US$53/lb o 502 planned or proposed new reactors o ongoing commitment for nuclear energy from US, China, India, Russ
Slide 4: Heightened Interest & Intense Corporate Activity
Heightened Interest & Intense Corporate Activity For personal use only o new uranium takeover bids for around $8-10/lb o Hathor Exploration - Rio Tinto & Cameco hungry o China Guangdong Nuclear Power Group bids for Kalahari Resources o ARMZ second bid for Mantra Resources post Fukushima o Bannerman
Slide 5: 2011 Achievements
2011 Achievements For personal use only o busy, busy year o larger updated resource established at Häggån in Sweden o tested bio-heap leaching concepts for low mining & processing costs at Häggån o JORC compliant initial resource 50 Mlbs for Reguibat, Mauritania from over 2000 holes o shale gas dril
Slide 6: Sweden
For personal use only Sweden Sweden mining friendly culture ◦ historic culture of mining ◦ excellent infrastructure Europe’s largest copper mine & biggest iron ore producer ◦ low corporate tax rate & royalties nuclear power – 50% of electricity needs ◦ legislation & regulations very supportive of mi
Slide 7: Billion Tonne Resource
Billion Tonne Resource o giant uranium field, large For personal use only resource updated in August - 631 million pounds U₃O₈* inferred resource with 1.79Bn tonnes @ grade – 160 ppm U₃O₈ o enhanced value with co-products: o nickel - 1277 Mlbs o zinc - 1790 Mlbs o molybdenum - 843 Mlbs o equivalent
Slide 8: 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 3 Häggån Aura Energy 631 0.02 Sweden 4 Husab Extract 513 0.05 Namibia 5 Cigar Lake Cameco/Areva 352 18.2 Canada 6 Imouraren Areva
Slide 9: Highly Encouraging Bioleaching Results
Highly Encouraging Bioleaching Results For personal use only o highly encouraging bio-heap leaching results from 2nd phase of testwork o agitation leach tests indicate maximum extractions of: o 90% uranium o 90% zinc o 55% nickel o 45% molybdenum o also good extractions from column leaching o potent
Slide 10: Animation – bio-heap leaching process
For personal use only animation – bio-heap leaching process a potential low cost extraction & processing 10
Slide 11: Comparable Existing Listed Mine in Finland
Comparable Existing Listed Mine in Finland For personal use only o mine in Finland uses bioleach to recover: 0.8 Mlbs pa from 17ppm U3O8 ore o Cameco funding & offtake agreement for U3O8 Talvivaara Project, Finland o Talvivaara, Finland modern mine based on shales like Aura’s Häggån project o low Ca
Slide 12: Häggån Scoping Study
Häggån Scoping Study For personal use only scoping study commenced in September to examine mining and processing options: o establish pit shells for mining o examine bioleach and abiotic processing options o consider the potential of including a vanadium circuit results anticipated before year end w
Slide 13: West Africa
For personal use only West Africa long-term existing mining operations ◦ supportive government ◦ emerging democracies extensive corporate activity ◦ established mining codes ◦ Aura’s greenfields success
Slide 14: Strong Position in Mauritania
Strong Position in Mauritania For personal use only o greenfield discovery of significant new uranium field o 100% properties plus 2 joint venture permits o one of largest land holders - 11,000 km2 o with 40% of known radiometric anomalies 14
Slide 15: Substantial First Resource – 50Mlbs
Substantial First Resource – 50Mlbs For personal use only o major 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 o potentia
Slide 16: Well Positioned Amongst Global Resources
Well Positioned Amongst Global Resources For personal use only Reguibat one of the largest calcrete deposits not in development 16
Slide 17: Shale gas discovery at Motala, Sweden
Shale gas discovery at Motala, Sweden For personal use only o 100% owned project covering approx 140 km of Alum Shale o commenced drilling 5 holes in October o gas-bearing shale between 15-25m thickness o Linköping commune has extraction permit close to Aura permits 17
Slide 18: Time for Action
Time for Action For personal use only dec 2011 Häggån scoping study results released ongoing metallurgical testwork programme at Häggån 2012 resource drilling & expansion in Mauritania metallurgical testwork programme for Reguibat, leading to the first scoping study next stage metallurgical bio-heap
Slide 19: Time to Invest
Time to Invest For personal use only on track & fully delivering on company strategy focus on 2 key projects: Sweden & West Africa o Sweden, Häggån: bio-heap leaching testwork proving positive for potential low cost mining and processing o Mauritania, Reguibat: major calcrete uranium resource es
Slide 20: Inferred Resource Statement
Inferred Resource Statement For personal use only
Slide 21: Inferred Resource Statement
Inferred Resource Statement For personal use only
Slide 22: 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