Aurora Energy Metals Limited · ASX:1AE
Aurora Energy Metals — IMARC/Mines & Money 2022
24 slides from Aurora Energy Metals's conference presentation, Nov 4, 2022
Slide 1: Minerals critical for the energy transition
Minerals critical for the energy transition IMARC/Mines & Money Presentation 2 – 4 November 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Aurora Energy Metals Limited, to assist it in informing The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC interested parties about the Company and its progress. It should not be co
Slide 3: Investment Summary
Minerals critical for Investment Unique Uranium & Lithium Focus the energy transition Summary A project with uranium and lithium mineralisation in Demand expected to increase with shift away separate geological horizons from fossil fuels Investment Summary Significant testwork Experienced and explor
Slide 4: Corporate Overview
Corporate Overview Well funded advanced explorer with a tight capital structure Capital Structure (on an undiluted basis, as at 28 October 2022) 1AE 142.6m ASX Code Shares on Issue (inc. 26m escrowed) A$28M 8.8m Market Cap (at A$0.195 per share) Options (6m @ $0.20; rest at $0.30) ~A$6.2M ~A$21.8m 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 • Located in south-eastern Oregon, USA. Tesla Gigafactory 1 • Well-defined existing Uranium Mineral Resource of 69.3Mt @ 248 ppm eU3O8 for 37.9Mlb eU3O8. • Confirmed lithium mineralisation in sediments overlying and surrounding the uranium
Slide 7: Aurora Energy Metals Project Geological Overview
Aurora Energy Metals Project (“AEMP”) Geological Overview • Located in the McDermitt Caldera, the USA’s largest lithium province, on federal land. • An existing, well-defined, significant Uranium Mineral Resource in shallow volcanics, with a high grade core at unconformity, below overlying lakebed s
Slide 8: AEMP – Uranium and Project Infrastructure
AEMP – Uranium and Project Infrastructure Substation Gas Station • Volcanic-hosted deposit, discovered in 1979. • Over 600 drillholes completed, plus extensive metallurgical testwork and studies. • Near surface, flat-lying geometry amenable to very low strip ratio open-pit mining. • Low-cost mining
Slide 9: AEMP – Uranium
AEMP – Uranium Uranium • Previous studies demonstrated a conventional open pit mine: • Higher grade, upper core zone of 18 Mlb at 444 ppm eU3O8. • Shallow, low-strip ratio operation. • On-site full or partial processing plants. • Overburden potentially free-dig. • Overburden is mineralised lakebed l
Slide 10: AEMP – Uranium – Potential Resource Upside
AEMP – Uranium – Potential Resource Upside Uranium Hole ID From (m) To (m) Interval (m) eU3O8 (ppm) AUD009 62.2 70.4 8.2 753 AUD010 57.6 97.8 40.2 672 including 57.6 76.8 19.2 1161 including 85 88.7 3.7 584 AUD011 56.7 63.1 6.4 596 and 71.3 76.8 5.5 413 AUD028 86 131.7 45.7 488 including 86.9 93.3 6
Slide 11: 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 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: 2414 ppm Li = 0.520% Li2O AURORAENERGYMETALS.COM 12
Slide 13: 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 13
Slide 14: AEMP – Lithium
AEMP – Lithium Uranium • The uranium deposit often runs close to surface, which explains the lack of significant lithium intersections along the centre line Uranium Cross-Section 10640mN (Local Grid) Looking Northwest – Placer Drilling AURORAENERGYMETALS.COM 14
Slide 15: 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 15
Slide 16: 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 16
Slide 17: Private Property Purchased and New Claims Staked
Private Property Purchased and New Claims Staked • 410-acre private property purchased in Nevada for plant and related infrastructure. • Property serviced by excellent infrastructure with easy access to the AEMP. New Claims • Offers tangible environmental, permitting and operational advantages. • Ne
Slide 18: Drilling underway
Drilling underway • Drilling team mobilised 24 October. • Phase 1, 17 hole RC Program for ~3,400m • Program targeting uranium extension & testing aerial extent of lithium lakebed sedimants. • To be completed by December. • BLM approval obtained for remainder of FY2022/23 drill program. • Total holes
Slide 19: Work Plan – Uranium News flow
Work Plan – Uranium News flow • Phase 2 DOGAMI diamond drill permitting for existing uranium resource area (Q4 CY2022). • Partial convert of existing mineral resource to Measured status (imminent). • RC drill program to test potential resource extension (Q4 CY2022). • Metallurgical testwork review (
Slide 20: Work Plan – Lithium News flow
Work Plan – Lithium News flow • Phase 2 DOGAMI RC drill permitting for to extend area of known mineralisation (Q4 CY2022). • RC drill program to extend area of known mineralisation (Q4 CY2022). • Drill program (H1 CY2023). • Define lithium exploration target (assuming success from drill program) (H1
Slide 21: Investment Proposition
Investment Proposition Four key reasons Minerals critical Large advanced Accelerated Quality to invest in Aurora for the energy project with dual exploration management Energy Metals transition commodity focus program planned team AURORAENERGYMETALS.COM 21
Slide 22: Appendices
Appendices Appendices AURORAENERGYMETALS.COM 22
Slide 23: Uranium Resource Summary
Uranium Resource Summary • Total Resource of 38 Mlb @ 248 ppm eU3O8*. • Indicated Resource of 36.7 Mlb @ 253 ppm eU3O8*. • Shallow high-grade zone, Indicated Resource of 18 Mlb @ 444 ppm eU3O8*. JORC Disclaimer: Information in this announcement relating to Exploration Results and Mineral Resources i
Slide 24: 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 24