Aura Energy Ltd · ASX:AEE
Aura Energy — Australian Uranium Conference 2010
25 slides from Aura Energy's conference presentation, Jul 21, 2010
Slide 1: Drilling delivering on strategy
For personal use only “Drillingg deliveringg on strategy” gy “delivering INVESTOR on strategy” PRESENTATION Australian Uranium Conference Fremantle, 21‐22 July, 2010 Bob Beeson Managing By Director Bob Beeson June 2010Director Managing 1
Slide 2: Corporate
Corporate For personal use only ASX Code: AEE (listed May 2006) Market capitalisation: A$10.7 M (at 13c) Cash position: $2.8M (Mar 2010) Shares: 83.2 M Main shareholders: UBS Nominees 9.5% GCM Resources Plc 9.5% Drake Resources Ltd 4.3% Board & Management 4.5% 2
Slide 3: Focussed on Growth
Focussed on Growth For personal use only 9 drilling fully delivering on company strategy 9 focus on 2 key projects: Sweden & West Africa 9 Sweden, Storsjön: massive potential ‐ 291 million pounds of U₃O₈ in inferred resources defined in part of Aura’s permits 9 West Africa, Reguibat: substantial exp
Slide 4: Advanced Projects
Advanced Projects For personal use only Storsjön, Sweden Mauritania, West Africa Niger, W Africa West Af i W di Wondinong, Australia A t li 4
Slide 5: Significant Company Milestones
Significant Company Milestones For personal use only Extended Systematic First Announced First drilling into exploration drilling in Listed in Sweden Gunbarrel in Africa Africa Africa on ASX JV JORC compliant Drilling at Gunbarrel U Second Extended resource Gunbarrel intercepts drilling in Drilling
Slide 6: Sweden a mining friendly nation
Sweden a mining friendly nation Sweden: For personal use only • Historic culture of miningg • 26.3% corporate tax rate • Royalties R lti negligible li ibl • Largest iron ore producer in Europe • Low production costs • Legislation g and regulations g veryy supportive pp of miningg • Excellent infrast
Slide 7: Storsjön District, Sweden
Storsjön District, Sweden For personal use only • 291 million pounds U3O8 in Aura’s initial resource • 1 bn pounds of U3O8 in inferred resources defined in adjoining tenements ( (Continental)) • Molybdenum, nickel & vanadium co‐products add potential value • 100% project ownership 7
Slide 8: 2010 Resource Drill Programme
2010 Resource Drill Programme For personal use only • drilling intersected thick mineralisation over wide area • every drill d ll hole k 2 Häggån h l in 18 km å permit intersected mineralisation • thickness >250m locally • Initial resource – 291 million po pounds nds U3O8 – 583 million pounds MoO3 –
Slide 9: 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 Cigar Lake Cameco/Areva 352 18.2 Canada 4 Imouraren Areva 350 0.11 Niger 5 Jabiluka ERA 343 0.46 NT 6 Itatira INB 315 0.09 Braz
Slide 10: Low Mining Cost
Low Mining Cost For personal use only • thick, continuous, flat‐lying • easy dig • coherent bodies of better grade mineralisation >200 ppm U3O8 • near‐surface, low cost open‐pit mining 10
Slide 11: High Recoveries
High Recoveries For personal use only • uranium extracted from Alum Shales in southern Sweden in 1960s • ANSTO initial testwork on conventional leaching – initial results give up to 93% recovery • Continental testwork gives high recoveries of uranium, molybdenum and vanadium Aura samples at Parker C
Slide 12: Bio-heap Leach Low Cost Alternative
Bio‐heap Leach Low Cost Alternative For personal use only • Parker Centre/CSIRO commenced bio‐heap leach testwork • sulphidic uranium ores lend themselves to bioleach t h l technology • Talvivaara, Finland – 0.8 Mlbs pa from f 19ppm 19 U3O8 ore • advantage of low capital & operating costs
Slide 13: Next Steps - Storsjön
Next Steps ‐ Storsjön For personal use only • resource compliant with JORC code completed • drilling only on eastern part of Haggan Haggan, covering 5 km2 (5% Aura’s permits) • ongoing i metallurgical t ll i l testwork • talk lk to prospective i partners 13
Slide 14: West African Projects
West African Projects For personal use only 14
Slide 15: Strong Ground Position in Mauritania
Strong Ground Position in Mauritania For personal use only • successful project identification & acquisition • 9 granted permits in Mauritania • greenfield discovery of significant new uranium field • Aura a major player in the field • 2 joint j i t ventures t plus l Aura A 100% properties 15
Slide 16: Reguibat Rapidly Advancing
Requibat Rapidly Advancing For personal use only • calcrete mineralisation over wide areas at surface • uranium mineralisation within zones of strong radiometric response • drilling & pitting demonstrates major tonnage potentiali l at good grade 16
Slide 17: 2010 Drill Programme
2010 Drill Programme For personal use only • 16 km2 tested • 392 holes • half of holes mineralised @ > 100ppm U3O8 • confirms widespread mineralisation 2‐4m thick • supports exploration target of 40‐60 Mlbs of U3O8 Mineralised holes (yellow dots), Zone A, Oued El Foule Est • strong evidence of under
Slide 18: High Quality Resource Potential
High Quality Resource Potential For personal use only • Reguibat target very competitive on size and grade • grade potential separates Requibat from many calcrete projects This target is conceptual in nature (the potential quantity and grade of this target is conceptual in nature, that there has bee
Slide 19: Next Steps - Mauritania
Next Steps ‐ Mauritania For personal use only • Only a small proportion of anomalies tested • undertake further drilling to advance project • major geophysical survey – 3,000 km2 now being covered by radiometrics • aim to release resource statement compliant with JORC by early 2011 19
Slide 20: Upside - bedrock potential
Upside p - bedrock p potential For personal use only • bedrock yet to be tested on Aura tenements • Forte F t resource drilling at Bir en Nar ‐ 16m @ 1617ppm pp U3O8 • similar anomalies in Aura ground • grades up to 2060 2060ppm U3O8 att surface at Agouyme 20
Slide 21: Significant News Over Next Months
Significant News Over Next 9 Months For personal use only • Sweden – Building on the first JORC resource – metallurgical testwork – scoping studies • Mauritania – next stage of drilling – expand areas of radiometric survey – first JORC resource • drilling on Western Australia projects • develop pipe
Slide 22: Aura Upside Potential
Aura Upside Potential For personal use only • major opportunity for share price growth as Aura achieves its targets • comparatives indicate undervalued 22
Slide 23: Focussed on Growth
Focussed on Growth For personal use only 9 drilling fully delivering on company strategy 9 focus on 2 key projects: Sweden & West Africa 9 Sweden, Storsjön: massive potential ‐1bn pounds of U₃O₈ in inferred resources defined in adjoining tenements (Continental) 9 West Africa, Reguibat: substantial e
Slide 24: Disclaimer
Disclaimer 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 presentation should not be relied
Slide 25: Competent persons statement
Competent persons statement For personal use only The information in this report that relates to Exploration Results, Mineral Resources, or Ore Reserves is based on information compiled by Dr Robert Beeson. Dr Robert Beeson has sufficient experience which is relevant to the style of mineralisation a