Aura Energy Ltd · ASX:AEE
Aura Energy — Shareholder Meeting (November 2014)
24 slides from Aura Energy's shareholder meeting presentation, Nov 26, 2014
Slide 1: AGM presentation: Developing High Margin Uranium Projects
AGM presentation For personal use only Aura Energy Limited – ASX: AEE Developing High Margin Uranium Projects Peter Reeve – Chairman 26 November, 2014
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement For personal use only 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. This presenta
Slide 3: Aura Energy Summary
Aura Energy Summary For personal use only • Aura holds a globally significant uranium resource base in 2 projects; • Reguibat 50 Mlbs – Mauritania • Häggån 800Mlbs - Sweden • Scoping Studies completed on both projects • Reguibat project provides near term production & cashflow • C1 Cash costs of US$
Slide 4: Aura's Strategy – Moving to Cashflow
Aura’s Strategy – Moving to Cashflow For personal use only Aura’s Strategy can be summarised as follows; • Complete the Reguibat Feasibility Study;12-18 months • Ongoing financing and partner discussions for both projects • Commence Reguibat construction - 2017 production start • Commence baseline s
Slide 5: Aura Projects C1 Cash Costs Versus Spot Uranium
Aura Projects C1 Cash Costs Versus Spot Uranium For personal use only 70 60 50 Uranium Spot Price - $38/lb 40 $30/lb 30 $25/lb 20 $13.5/lb 10 0 Reguibat Häggån 1 Häggån 2
Slide 6: Reguibat Project's Extraordinary Natural Attributes
Reguibat Project’s Extraordinary Natural Attributes For personal use only Key project attributes creating the low cash cost; 1. Very shallow, inexpensive mining; 1-5 metres only 2. The uranium ore is simply upgradeable by up to 700% – 335 ppm to circa 2500 ppm 3. Leaching recovery and rate very high
Slide 7: Reguibat Project Plan
Reguibat Project Plan For personal use only • Shallow mining ~120 tph (1.0 Mtpa) • Simple wash and screen for upgrade • 25 tph to small leach facility • Mined grade >420ppm U3O8 for 15 years • Leach feed grade of 2500ppm U3O8 • Produce 0.7-1.1 Mlbs U3O8 per year • Small plant footprint • Minimal wat
Slide 8: Mauritania – A Mining Country Attracting Substantial Investment
Mauritania – A Mining Country Attracting Substantial Investment For personal use only 8
Slide 9: For personal use only
For personal use only Drilling confirmed additional 1.8km2 of mineralisation Open to south & north
Slide 10: Shallow Trenching Reveals Mineralisation
Shallow Trenching Reveals Mineralisation For personal use only Free dig truck and shovel mining High grade areas identified for starter pits Uranium Mineralisation - Carnotite 10
Slide 11: Reguibat Exploration
Reguibat Exploration For personal use only 11
Slide 12: Uranium Mineralisation; 1-5 Metres from Surface
Uranium Mineralisation;1-5 Metres from Surface For personal use only 12
Slide 13: Reguibat Project – Upgrade or Beneficiation
Reguibat Project – Upgrade or Beneficiation For personal use only • Calcrete deposit with micron-sized carnotite uranium grains within a weathered granite host • Our ‘Dumb geological luck’ – fine carnotite • Run-of-Mine ore is simply washed in a trommel / scrubber • Screened at 75 microns • Rejects
Slide 14: Detailed flow sheet
Detailed flow sheet For personal use only 14
Slide 15: Water – Plentiful Supplies
Water – Plentiful Supplies For personal use only • Water source study completed by Golder Associates • First target the shallow Reguibat Shield surrounding the Project • Second target the Taoudeni Basin • Same source as the iron ore mines at Zouerate (Glencore, SNIM) 15
Slide 16: Next Steps – Feasibility Studies
Next Steps – Feasibility Studies For personal use only Initial work in the Feasibility Studies • Environmental baseline studies • Social impact studies • Upgrading first years of production to Measured and Indicated Resource status • Confirming the beneficiation and leaching results • Defining water
Slide 17: Häggån Project – Long Life, High Margin U3O8
Häggån Project – Long Life, High Margin U₃₃O₈₈ For personal use only Strategic European based uranium deposit - 2nd largest globally 803Mlbs U₃₃O₈₈ in Inferred Resources Completed Independent Scoping Study Flat lying resource amenable to large scale, open pit mining Bio heap leaching provides except
Slide 18: Häggån - Excellent Project Location
Häggån - Excellent Project Location For personal use only Häggån has abundant power & water with good rail, air and road links Häggån is located in the Berg Commune, a large rural community Häggån landscape is largely forest and swamp Berg Commune population is 7,500 Employment important factor for
Slide 19: Häggån Exploration
Häggån Exploration For personal use only Pyrite 19 Black Schist with Quartz
Slide 20: Bio Heap Leaching Drives Low Capex
Bio Heap Leaching Drives Low Capex For personal use only Bacterial leaching lowers capital intensity Leaching process uses natural bacteria found in the ore Up to 85% leach recovery on bench tests and multiple column tests March 2005. Bacterial heap leaching technique widely used in copper and gold
Slide 21: Häggån – Low cost, Low risk, Mining Project
Häggån – Low cost, Low risk, Mining Project For personal use only C1 Cash Capital Produced Project Cost $/lb Cost U3O8 ~ Credits Mtpa $m Mlbs Mlbs 30 540 7.8 13.50 5.0 190 1.4 25-30
Slide 22: Häggån - By-Product Credits
Häggån - By-Product Credits For personal use only U3O8 (100ppm Tonnes U3O8 Mo V Ni Zn Cut-off) (Bt) (ppm) (ppm) (ppm) (ppm) (ppm) Inferred 2.35 155 207 1,519 316 431 Giant multi-metal deposit: Uranium - 803 Mlbs (U₃₃O₈₈) Nickel -1,640 Mlbs Zinc -2,230 Mlbs Molybdenum -1,070 Mlbs Other metals equate
Slide 23: Aura Energy - Corporate Snapshot
Aura Energy - Corporate Snapshot For personal use only Share price: 3.1 cents Market capitalisation: A$9.0 million Cash position: $1.7 M (23/11/14) Shares: 267 million Code: AEE (ASX) Board; Peter Reeve Executive Chairman Bob Beeson Managing Director Brett Fraser Non-Executive Board Member Jules Per
Slide 24: Aura Energy - Summary
Aura Energy - Summary For personal use only Aura progressing low capex and low opex project developments High margin projects imply significant value Aura is well positioned for uranium price recovery Reguibat Scoping Study successfully completed Reguibat’s beneficiation is a unique game changer on