Aurora Energy Metals Limited · ASX:1AE
Aurora Energy Metals — Cape Town Mining Indaba 2023
23 slides from Aurora Energy Metals's conference presentation, Feb 8, 2023
Slide 1: Minerals critical for the energy transition
Minerals critical for the energy transition 121 Cape Town / Mining Indaba Presentation 6-8 February 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Aurora Energy Metals Limited, to assist it in information contained in this presentation has been presented in accordance with the JORC Code informing interested parties about the Company and its progress. It should not be considered as
Slide 3: Investment Summary
Minerals critical for Investment Unique Uranium & Lithium Focus the energy transition Summary A project with uranium and lithium mineralisation in Sense of urgency in the USA for domestic supply of uranium & separate geological horizons lithium, with bi-partisan support Investment Summary Exploratio
Slide 4: Corporate Overview
Corporate Overview Well funded advanced explorer with a tight capital structure Capital Structure (on an undiluted basis, as at 3 February 2023) 1AE 142.6m ASX Code Shares on Issue (inc. 19.9m escrowed) A$22M 8.8m Market Cap (at A$0.155 per share) Options (6m @ $0.20; rest at $0.30) ~A$2.1M ~A$20m E
Slide 5: Board & Management
Board & Management PETER LESTER GREG COCHRAN ALASDAIR COOKE STEVEN JACKSON Non-Executive Chairman Managing Director Non-Executive Director Company Secretary A mining engineer with over 40 years’ A highly experienced international Mr Cooke has over 30 years’ experience A member of CPA Australia who E
Slide 6: Project Location and Highlights
Project Location and Highlights Aurora Energy Metals Project • One of the largest, well defined uranium deposit in the USA. • Measured, Indicated & Inferred Uranium Mineral Resource Tesla Gigafactory 1 of 107.3Mt @ 214 ppm U3O8 for 50.6Mlb U3O8. • Confirmed lithium mineralisation in sediments overly
Slide 7: Aurora Energy Metals Project (“AEMP”) Geological Overview
Aurora Energy Metals Project (“AEMP”) Geological Overview • On federal land within the McDermitt Caldera, the USA’s largest lithium province. • Uranium Mineral Resource in shallow volcanics with high grade core at unconformity, 18Mt @ 485 ppm U3O8 for 19.2 Mlb U3O8 . • Lithium mineralisation hosted
Slide 8: AEMP – Uranium and Project Infrastructure
AEMP – Uranium and Project Infrastructure Substation Gas Station • Volcanic-hosted deposit, discovered in 1979, within a historic mining district. • Over 600 drillholes completed, plus extensive metallurgical testwork and studies. • Near surface, flat-lying geometry amenable to very low strip ratio
Slide 9: AEMP – Uranium
AEMP – Uranium Uranium Processing Plant Tailings Drilling access Aurora deposit Impoundment open pit area Overburden tracks Stockpile Earlier, uranium only conceptual layout • Previous studies demonstrated a conventional open pit mine: • Shallow, low-strip ratio operation. • Overburden potentially f
Slide 10: AEMP – Uranium and Lithium
AEMP – Uranium and Lithium • Historically, uranium was the only target from the 1970’s, although lithium was known to occur in the area • 1AE’s 2010 diamond core holes were therefore subsequently assayed for lithium, with encouraging results AURORAENERGYMETALS.COM 10
Slide 11: AEMP – Lithium
AEMP – Lithium • The remaining core, securely stored for 10 years, has now been assayed for lithium, returning encouraging results Note: 2414 ppm Li = 0.520% Li2O AURORAENERGYMETALS.COM 11
Slide 12: AEMP – Lithium
AEMP – Lithium • The remaining core, securely stored for 10 years, has now been assayed for lithium, returning encouraging results Note: 2431 ppm Li = 0.523% Li2O AURORAENERGYMETALS.COM 12
Slide 13: AEMP – Lithium Exploration Potential
AEMP – Lithium Exploration Potential • AEMP’s current claim area is similar in size to Jindalee’s McDermitt Lithium Project and the Aurora Uranium Deposit is only a small part of the claim area Aurora Project Claims Area 5km 5km AURORAENERGYMETALS.COM 13
Slide 14: McDermitt Lithium Project - Jindalee
McDermitt Lithium Project - Jindalee • Jindalee’s exploration program has demonstrated that lithium is present in wide intersections from close to/at surface to depths of well over 100 metres 5km 5km A typical McDermitt Project Cross Section Aurora Claims Map AURORAENERGYMETALS.COM 14
Slide 15: Plant to be located in Nevada, on private property
Plant to be located in Nevada, on private property • 410-acre private property purchased in New Claims Nevada for plant and related infrastructure. • Nevada is a top tier mining jurisdiction. Potential Conveyor or • Property serviced by excellent infrastructure Pipeline Route close to the Project. •
Slide 16: Mineral Resource upgrade announced on 23 November 2022
Mineral Resource upgrade announced on 23 November 2022 Highlights1 • 12.7 Mlb (34%) Increase in Total Uranium Mineral Resource to 50.6 Mlb U3O8. • Maiden Measured Mineral Resource Declared. • Grade of the High-Grade Zone increased by 10%, to 485 ppm U3O8. • 90% of existing Indicated Mineral Resource
Slide 17: Thick lithium and uranium zones in maiden drill program
Thick lithium and uranium zones in maiden drill program • Phase 1, 17-hole RC/DDH program for ~3,414m. • Program targeting uranium extension & testing aerial extent of lithium lakebed sediments. • Thick uranium intersections from geophysical logging: • 34.1m @ 610ppm eU3O8 • ~3x the existing mineral
Slide 18: Work Plan – Uranium News flow
Work Plan – Uranium News flow • Phase 2 DOGAMI diamond drill permit approvals for existing uranium resource area (Q1 CY2023). • Assays results from drill program (Q1 CY2023). • Release results of metallurgical testwork review (Q1 CY2023). • DD program to generate core for metallurgical testwork (H1
Slide 19: Work Plan – Lithium News flow
Work Plan – Lithium News flow • Phase 2 DOGAMI RC drill permit approvals to extend area of known mineralisation (Q1 CY2023). • Assays results from drill program (Q1 CY2023). • Drill program (H1 CY2023). • Define lithium exploration target (assuming success from drill program) (H1 CY2023). • Prelimin
Slide 20: Investment Proposition
Investment Proposition Minerals critical to Large, advanced Accelerated, dual- Deeply experienced, Four key reasons the USA’s energy uranium project with stream work quality management to invest in Aurora transition significant blue sky program underway team Energy Metals lithium potential AURORAENE
Slide 21: Appendices
Appendices Appendices AURORAENERGYMETALS.COM 21
Slide 22: Uranium Resource Summary
Uranium Resource Summary 1. High grade zone estimated using a 300 ppm U3O8 cut-off 2. Low grade zone estimated using a 100 ppm U3O8 cut-off 3. Appropriate rounding applied JORC Disclaimer: Information in this announcement relating to Exploration Results and Mineral Information in this announcement r
Slide 23: Greg Cochran, Managing Director & CEO
Greg Cochran Managing Director & CEO E: info@auroraenergymetals.com Suite 1, 245 Churchill Avenue SUBIACO WA 6008 P: 08 6465 5500 www.auroraenergymetals.com 23