Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (May 2022)
28 slides from Aura Energy's investor presentation, May 2022
Slide 1: Sustainable Low-Cost Uranium for Future Energy
Sustainable Low-Cost Uranium for Future Energy FINANCING PRESENTATION ASX:AEE MAY 2022 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: Our Significant Assets
OUR SIGNIFICANT ASSETS TIRIS PROJECT Uranium-Vanadium HÄGGÅN PROJECT Mauritania Uranium-Vanadium Sweden DFS Complete 100% Owned 85% Owned Scoping Study Q2 2022 56 Mlbs U3O8 42m tonnes at 0.35% V2O5 18.2 million pounds V2O5 800m pounds of U3O8 TASIAST SOUTH Gold Mauritania Exploration 100% Owned 125
Slide 4: Investment Opportunity for Growth
INVESTMENT OPPORTUNITY FOR GROWTH FAST TRACK TO URANIUM PRODUCTION LOW CAPITAL & OPERATING COSTS • Engineering commencing for Tiris fast track • Fast track 1.25Mtpa project 1.25Mtpa sustainable uranium project • CAPEX: US$74.8M • Target production of 800,000lb U3O8 in 2024 • C1 cost: $25.43/lb U3O8
Slide 5: Sustainable Development Strategy
SUSTAINABLE DEVELOPMENT STRATEGY 2022 2023 2024 2025 FEED Final Investment Procurement and Construction First U3O8 Kick off Decision Detailed Engineering Start Production TIRIS FAST TRACK 800klb PA URANIUM PROJECT TIRIS EXPANSION STUDY Resource Upgrade Commence Expansion Final Expand Expansion Upgra
Slide 6: Nuclear & the Green Energy Transition
NUCLEAR & THE GREEN ENERGY TRANSITION THE WORLD IS MOVING TOWARDS ENERGY REQUIRES NUCLEAR ENERGY IS ELECTRIFICATION & CARBON FREE A CRITICAL PART DECARBONISATION BASELOAD POWER With aggressive net zero carbon To deliver a constant stream of Nuclear power is reliable and can emission targets set glob
Slide 7: Structural Supply Deficit in Uranium
STRUCTURAL SUPPLY DEFECIT IN URANIUM A TIRIS FAST TRACK B TIRIS EXPANDED B A Not Covered by Supply 7
Slide 8: Near Term Low Cost Sustainable Development
NEAR TERM LOW COST SUSTAINABLE DEVELOPMENT TIRIS PROJECT MAURITANIA “Aura has established a strong baseline for the rapid development of the fast-tracked 800 klb U3O8 per annum Tiris Uranium Project, as we move into production of U3O8 in 2024, aiming to be one of the first greenfields uranium projec
Slide 9: Mauritania
MAURITANIA • A low-risk jurisdiction. • Major companies operating in Mauritania including Kinross, BP and Exxonmobil. • Commodities produced include gold, copper iron ore, oil and gas. • Good existing infrastructure including ports, train lines and direct road access to Tiris. MAURITANIA EXPORTS BY
Slide 10: A Growing Resource
A GROWING RESOURCE Table 1 - Following the latest resource estimation, the Tiris Resource Inventory is as follows: TIRIS URANIUM RESOURCE Cut-off U3O8 g/t Class Tonnes (Mt) U3O8 (g/t) U3O8 (Mlb) V2O5 (g/t) V2O5 (Mlb) 56 Million lbs U3O8 100 All 102.1 253 56.9 82 18.4 18.2 million pounds V2O5 Table 2
Slide 11: Low-Cost Flexible Mining
LOW-COST FLEXIBLE MINING PROJECT ATTIBUTES • Shallow flat-lying surface mineralisation (1-5m) • Low-cost mining (free digging) • Simple extraction method (92% in leach) ü No drill and blast ü No crushing or grinding ü Shallow Ore Body THE TIRIS MINING FLEET 4 x Trucks (50 Tonne) 1 x Excavator 11
Slide 12: Mining Strategy
MINING STRATEGY Waste and Overburden Haulage if insufficient Ore Haulage to void volume Feed Hopper Plant Rejects and Filtered Tailings Return Ore Waste Haulage Haulage n ctio ir e Area being ingD prepared for n Mi mining Shallow flat-lying surface mineralisation (1-5m) 12
Slide 13: Simple Modular Flow Sheet
SIMPLE MODULAR FLOW SHEET WORK UNDERTAKEN • Beneficiation circuit pilot completed at Mintek, South Africa 2019 • Average upgrade over approximately 300 samples from 336 ppm U308 to ~1500 ppm 13
Slide 14: DFS Highlights
DFS HIGHLIGHTS $74.8m $25.43/lb $29.81/lb 12.4Mlbs Low Capital Cost Low C1 Cash Cost All-In Sustaining U3O8 over 15 Years per lb of U3O8 Cost (AISC) Production 8.1Mlbs 4 YEAR $223m 22% $106m Maiden Ore Payback period Total project After Project IRR NPV8 including Reserve Estimate royalties, pre-tax
Slide 15: Battery Metals for Project Optimisation
BATTERY METALS FOR PROJECT OPTIMISATION TIRIS VANADIUM RESOURCE JORC Resource of 18.4 million pounds V2O5 defined within Aura’s low capex, low operating cost Tiris Uranium Project in 18.4 million pounds V2O5 Mauritania. The vanadium is contained within the mineral carnotite which also contains the u
Slide 16: Development Schedule
DEVELOPMENT SCHEDULE Program Completed Underway Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 800klb U3O8 pa Fast Track Tiris Project Confirmation test work Y Engage EPCM Consultant Y FEED Study Decision to Mine Value engineering V2O5 Resource Y V2O5 Test work Y V2O5 Circuit Sustainability GHG Emissions b
Slide 17: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE ENVIRONMENTAL • Scope 1 & 2 Greenhouse Gas (GHG) emissions report complete clearly defining a Net Zero Emission Pathway for the Project. • Total baseline GHG emissions of 16,600 tCO2e per annum, representing approximately 0.15% of the total GHG emissions of Maurita
Slide 18: Growth into a Rising Market
GROWTH INTO A RISING MARKET GROWTH INTO A RISING MARKET TIRIS PROJECT MAURITANIA “The Resource Upgrade Programme will be the largest drilling programme completed on the Tiris deposits and represents a significant step forward by aiming to release further value from the Mineral Resource. The upgrade
Slide 19: Resource Upgrade Programme
RESOURCE UPGRADE PROGRAMME 10,000 METRE DRILL PROGRAM Currently underway at Tiris • Completion expected in Q3 CY 2022 and Resource upgrade results early in Q4 CY 2022. • Focused on increasing Measured and Indicated (M&I) Resources, aiming to support the expansion of mining Reserves, leading to possi
Slide 20: Significant Gold and Battery Metal Potential
SIGNIFICANT GOLD AND BATTERY METAL POTENTIAL TASIAST SOUTH PROJECT MAURITANIA “The Tasiast South Project in Mauritania represents a significant opportunity for the Company, with the project located in one of the world’s most underexplored Archaean Greenstone Belt Kalgoorlie look- alike regions. We l
Slide 21: Tasiast South Gold Project
TASIAST SOUTH GOLD PROJECT EXPLORATION UPSIDE 125 km2 virgin Greenstone belt • Completely underexplored Archaean Greenstone Belt Kalgoorlie look-alike region • Kinross’ 20 Million Oz Tasiast deposit only 40 kms north represents an excellent nearby ‘anomaly’ • Similar gold mineralisation to Tasiast a
Slide 22: Securing Europe's Battery Metal Supply
SECURING EUROPE’S BATTERY METAL SUPPLY HÄGGÅN PROJECT Sweden “Positive sentiments continue to grow for nuclear energy as a key form of low-emission baseload electricity and the inclusion of nuclear energy in the EU green taxonomy represented a clear shift in this direction. We continue to develop th
Slide 23: Häggån Project
HÄGGÅN PROJECT HÄGGÅN RESOURCES 42m tonnes at 0.35% V2O5 800m pounds of U3O8 • Large Vanadium (V2O5) Resource [1] • 1.1 Billion lb High-Grade Zone • 124 million tonnes @ 0.43% V2O5 • Shallow Mine 20m to 100m • Capital & Operating costs complete • Scoping Study complete • Significant Sulphate of Pota
Slide 24: Investment Proposition
INVESTMENT PROPOSITION Near Term Low CAPEX Growth through Uranium and Low Expansion and Production OPEX Exploration 24
Slide 25: Corporate Snapshot
CORPORATE SNAPSHOT KEY METRICS BOARD AND MANAGEMENT ASX Code AEE Phil Mitchell Non-Executive Chairman AIM Code (LSE) AURA Warren Mundine Non-Executive Director Shares on Issue ~482 million Bryan Dixon Non-Executive Director Share Price (4 May ‘22) ASX:AEE - A$0.24 Will Goodall Acting CEO AIM:AURA -
Slide 26: Peer Comparison
PEER COMPARISON Aura Bannerman Energy Boss Energy Global Atomic Energy Fission Denison Paladin Energy NexGen Stock Code ASX:AEE ASX:BOE TSE:GLO ASX:BMN TSE:FCU NYSE:DNN ASX:PDN TSE:NXE Mkt cap (AU$)* $125m $852m $698m $350m $635m $1,490m $2,330m $3,330m Project Tiris Honeymoon Dasa Etango PLS Wheele
Slide 27: Contact
CONTACT Will Goodall Acting CEO wgoodall@auraee.com Jane Morgan Investor & Media Relations jm@janemorganmanagement.com.au +61 405 555 618 ASX:AEE AIM:AURA
Slide 28: Appendix - Tiris
APPENDIX - TIRIS Tiris Project Capital Cost Summary Description Cost (U$M) Process Plant $45.10 Infrastructure $8.58 EPCM $6.57 Owner's cost $3.00 Contingency $4.92 Total Capital Cost 74.8 Tiris Project Operating Cost Summary Category US$/lb U3O8 Contract Mining 7.16 Labour 3.68 Power 4.57 Reagents