Aura Energy Ltd · ASX:AEE
Aura Energy — Shareholder Meeting (November 2018)
30 slides from Aura Energy's shareholder meeting presentation, Nov 14, 2018
Slide 1: Aura Energy - A Tireless Uranium and Vanadium Developer & Explorer
AURA ENERGY - A TIRELESS URANIUM AND VA N A D I U M D E V E L O P E R & E X P L O R E R 2 0 1 8 A G M P R E S E N TAT I O N 1 Mr PETER REEVE – EXECUTIVE CHAIRMAN N o v 1 4 th 2 0 1 8
Slide 2: Aura's 2018 Snapshot
A U R A’ S 2 0 1 8 S N A P S H O T Pressed forward well with our two high margin development projects; Tiris Uranium – Mauritania Häggån Vanadium & Battery Metals – Sweden Both with attractive economics and resource upside Established Aura firmly in the Vanadium and Battery Metals sector
Slide 3: Two Highest Performing Commodities
TWO HIGHEST PERFORMING COMMODITIES Price change from recent lows; VANADIUM +1030% V2O5 - US$3/lb to US$33.90/lb URANIUM +60% U3O8 - US$18.5/lb to US$29/lb 3
Slide 4: Project Portfolio
P R O J E C T P O RT F O L I O ALL 100% OWNED DEVELOPMENT PROJECTS T I R I S U R A N I U M - M A U R I TA N I A H Ä G G Å N VA N A D I U M - S W E D E N DFS – 2019; CASHFLOW - 2020 B AT T E R Y M E TA L S D E V E L O P M E N T C1 Cash costs US$19.40/lb U₃O₈[1] 15.1 billion lb Vanadium Resource
Slide 5: Aura's Strategy and Investment Proposition
A U R A’ S S T R AT E G Y A N D INVESTMENT PROPOSITION Aura’s clear strategy is as follows; Tiris Uranium Project into production 2019/20 Häggån Vanadium IPO to create value Gold and base metals exploration to bridge Tiris development phase Aura’s Position in 2019/20; Cashflow from Tiris a
Slide 6: Tiris Uranium Project
TIRIS URANIUM PROJECT DFS underway – completion 2018 Scoping Study August 2014 results: M A U R I TA N I A Initial production 1 million lbs p.a. Capex US$45 million / Opex US$19.40/lb U₃O₈ Key to low cash costs are : • Shallow Mining - 5 metres max • Ore Upgrades – 500% • Recovery - 94% Re
Slide 7: Shallow Trenching Reveals Mineralisation
SHALLOW TRENCHING R E V E A L S M I N E R A L I S AT I O N CALCRETE DEPOSIT WITH CARNOTITE URANIUM IN A W E AT H E R E D G R A N I T E H O S T FREE DIGGING MINING, NO DRILL AND BLAST URANIUM PERMITTING IN A M I N E R A L I S AT I O N REMOTE DESERT AS CARNOTITE REGION S I M P L E , C O M PA C T P R O
Slide 8: Tiris DFS Work & Financials
TIRIS DFS WORK & FINANCIALS P R O J E C T [1] Resource upgrade successfully completed May 2018 Global Inferred Resource increased 6% to 52 million lbs U₃O₈ Measured and Indicated Resource increased to 17 million lbs U₃O₈ KEY FINANCIALS Conservative Study - 10.8 Mlbs U₃O₈ included in model -
Slide 9: Tiris Technical Twist
TIRIS TECHNICAL TWIST VA N A D I U M U3O8 V2O5 Carnotite Heated alkaline Ion K2(UO2)2(VO4) leach Exchange Uranium host mineral, carnotite, also contains vanadium Alkaline leach process dissolves both uranium and vanadium 9
Slide 10: 2018 Tiris Progression
2 0 1 8 Ti r i s Progression • DFS nearing completion • Test work advancing • In-house estimates completed • Engineering underway • Country study in detail • Modifying water program • Tangibly closer to construction • Production in a rising market? 10
Slide 11: Bulk Sampling in the Sahara
Bulk Sampling in the Sahara 11
Slide 12: Bulk Sampling in the Sahara
Bulk Sampling in the Sahara 12
Slide 13: Häggån Vanadium & Battery Metals
H Ä G G Å N VA N A D I U M & B AT T E RY M E TA L S 15.1 billion lb Global Vanadium Resource (Inferred) High-Grade Vanadium Resource (HGV) defined HGV Zone – 90 million tonnes @ 0.42% V2O5 HGV within 20 metres of surface and to 100 m depth Other Battery Metals in ore - Co, Ni, Cu, Mo, V, N
Slide 14: Häggån – Near Surface Concentrated High Grade Zone
H Ä G G Å N – N E A R S U R FA C E C O N C E N T R AT E D H I G H G R A D E Z O N E Near-surface high-grade zone will boost early years project economics 49MT contiguous HG zone @ 0.42% V2O5 Contains over 430 Mlbs V2O5 Extends approx 1,000 metres laterally Equates to 15-20 years mining if
Slide 15: Häggån – High Grade Zone Plan View
HÄGGÅN – HIGH GRADE ZONE PLAN VIEW View of High Grade Zone Area 15
Slide 16: Advanced Development
ADVANCED DEVELOPMENT Vanadium test work Innovative Flow sheet Capex and Opex estimates Completed August 2018 Completed 2018 2012 Scoping Study METS Engineering METS Engineering • Vanadis Battery Metals Current Resource Drilling • IPO planned Q1 2019 Enables Scoping Study release 2019 WWW.VANADISBM.C
Slide 17: Vanadium Market Drivers
Vanadium (tonnes) & 140,000 120,000 100,000 s 3 : 8 3 : : VANADIUM MARKET DRIVERS Figure 2. Vanadium market slipping into deficit Vanadium demand for batteries 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 mag Vanadium required for Li-lon Batteries mm Vanadium required for Redox Flow Batteries m
Slide 18: Global Energy Storage
G L O B A L E N E R G Y S TO R A G E Predicted global growth of energy storage is material, with market set to double six times between 2016 and 2030 (Bloomberg Energy Finance) Global cumulative energy storage deployments 2016 - 2030 Assuming Vanadium energy storage technology accounts for 10% o
Slide 19: Development Timeline
DEVELOPMENT TIMELINE Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 TIRIS DFS CONSTRUCTION FIRST URANIUM PRODUCTION VANADIUM IPO SCOPING STUDY PREFEASIBILITY STUDY FEASIBILITY STUDY 19
Slide 20: Häggån Vanadium IPO - Vanadis Battery Metals
H Ä G G Å N VA N A D I U M I P O - VA N A D I S B AT T E RY M E TA L S Aura intends to IPO Vanadis as a separate listing on AIM or TSXV Maximise value to Aura shareholders and give greater project focus in Sweden Swedish holding vehicle renamed Vanadis Battery Metals AB - 100%-owned 20-30% t
Slide 21: Vanadium Redox Flow Batteries: Proposed Swedish Manufacturing
VA N A D I U M R E D O X F L O W B AT T E R I E S P R O P O S E D S W E D I S H M A N U FA C T U R I N G Vanadis Battery Metals is examining manufacture of VRFB’s in Sweden Europe is likely to be a key growth market for battery storage Aura will make a vanadium pentoxide product suitable for b
Slide 22: Vanadium Redox Flow Batteries
VA N A D I U M R E D O X F L O W B AT T E R I E S Vanadium Redox Flow Batteries are the key LT storage battery Favourable properties compared with lithium and other battery technologies; Lifespan 20+ years with high cycle life – 20,000 cycles at full capacity Lower overall cost per kWh, 10
Slide 23: Vanadium Redox Flow Batteries
VA N A D I U M R E D O X F L O W B AT T E R I E S Grid-scale energy storage Intermittent power (wind & solar) needs battery storage to compete with base load Redox Flow Batteries provide this storage Ability to scale to very high capacity power 23
Slide 24: Tasiast South Gold & Base Metals
TA S I A S T S O U T H G O L D & B A S E M E TA L S 24
Slide 25: Tasiast South Gold vs Algold
TA S I A S T S O U T H G O L D V s A L G O L D Aura adjacent to Algold (TSX) Algold structures cross directly into Aura tenements Nearest drill section is +1 km away Recent results are excellent; T16RC071 - 6 m @ 39.9 g/t Au T16RC070 - 3 m @ 30.0 g/t Au Structures extend to T16RC045 -
Slide 26: Bella Nickel & Cobalt Results
B E L L A N I C K E L & C O B A LT R E S U LT S Very strong Nickel values over entire 1.6 km drill line Cobalt tested 1 in 10 samples - Significant results up to 0.581% Cobalt Strongest magnetics (white zones) not tested Nickel intersections at Bella. Red dots: RC holes, yellow dots: vertical
Slide 27: Cobalt Drill Intersections
C O B A LT D R I L L I N T E R S E C T I O N S Best cobalt (Co) drilling intercepts included; 1 metre at 0.58% Co 4 metre at 0.48% Co 1 metre at 0.46% Co Prospect Name Hole ID Easting Northing Depth From Depth To Interval Co_% Ni_ppm Cu_ppm HADEBET BELAA 11HBAC031 466697 2219203 7 8 1 0.581
Slide 28: Summary
S U M M A RY Tiris Uranium project, low capex and opex A compelling uranium development project Strong DFS progress Aura - strong Vanadium exposure VRFB’s important part of industrial energy storage Vanadium IPO value accretive to Aura shareholders Gold and base metal tenements are pot
Slide 29: Peter Reeve
PETER REEVE EXECUTIVE CHAIRMAN preeve@auraee.com +613 9516 6500 W e b s i t e : h t t p : / / w w w . a u r a e n e r g y. c o m . a u / 29
Slide 30: 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 in connection with a potential offering of securities by the Company