Aura Energy Ltd · ASX:AEE
Aura Energy — Non-Deal Roadshow (April 2011)
28 slides from Aura Energy's roadshow presentation, Apr 13, 2011
Slide 1: URE Roadshow Presentation
URE Roadshow Presentation Presented by Dr Bob Beeson sweden For personal use only west africa australia 13 – 14 April 2011
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement For personal use only o 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. o This pres
Slide 3: Corporate
Corporate For personal use only ASX Code: AEE Share Price: 37c (11 April 2011) Market capitalisation: A$49 M Cash position: $6.4 M (Dec 2010) Shares: 132.1 M Main shareholders: Board & Management 4.3% Drake Resources 4.6% Technical Investing Pty Ltd 6.8% Kinetic Investment Partners 6.9% 3
Slide 4: Share Price History
Share Price History For personal use only 0.6 0.5 0.4 0.3 0.2 0.1 0 12-Apr-10 12-May-10 12-Jun-10 12-Jul-10 12-Aug-10 12-Sep-10 12-Oct-10 12-Nov-10 12-Dec-10 12-Jan-11 12-Feb-11 12-Mar-11
Slide 5: Experienced Management Team
Experienced Management Team For personal use only Dr. Bob Beeson – Managing Director Bob is a professional geologist with over 35 years of experience in mineral exploration and development. He has held senior management positions with Billiton Australia, Acacia Resources, North Limited and New Hampt
Slide 6: Advanced Projects on two continents
Advanced Projects on two continents For personal use only Häggån & Kallsedet Projects, Sweden Mauritania, West Africa Niger, West Africa Wondinong, Australia 6
Slide 7: What's Happened & What's Planned
What’s Happened & What’s Planned 2010 For personal use only o major initial resource defined at Häggån, Sweden o high uranium recoveries from initial tests at Häggån o second phase of bio-heap leach tests commenced o drilling confirms uranium in greenfield Reguibat province Mauritania o increased la
Slide 8: Sweden Main Projects
For personal use only Sweden Main Projects 8 Häggån Project, Sweden
Slide 9: Sweden: Mining Friendly
Sweden: Mining Friendly o historic culture of mining For personal use only o low corporate tax rate & royalties o Europe’s largest copper mine & biggest iron ore producer o legislation & regulations very supportive of mining o excellent infrastructure o nuclear power – 50% of electricity needs 9
Slide 10: LARGE Resource, GIANT Uranium Field
LARGE Resource, GIANT Uranium Field For personal use only o 100% project ownership o every drill hole in 18 km2 Häggån permit intersected mineralisation o selected intercepts include: o 178m @ 175 ppm U₃O₈ o 180m @ 160 ppm U₃O₈ o 192m @ 171 ppm U₃O₈ o 226m @ 160 ppm U₃O₈ o 115m @ 188 ppm U₃O₈ 10
Slide 11: Potential Co-production – Enhanced Value
Potential Co-production – Enhanced Value For personal use only o 291 million pounds U₃O₈ in Aura’s initial inferred resource with 0.81Bn tonnes @ grade – 162 ppm U₃O₈ o Plus co-products - molybdenum (361 Mlbs) - nickel (353 Mlbs) - zinc (496 Mlbs) - vanadium (2940 Mlbs) o equivalent uranium grade ap
Slide 12: 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 Rossing 3 Extract 367 0.05 Namibia South 4 Cigar Lake Cameco/Areva 352 18.2 Canada 5 Imouraren Areva 350 0.11 Niger 6 Jabiluka ER
Slide 13: Low Mining Cost
Low Mining Cost For personal use only o thick, flat-lying, continuous bodies with >200 ppm U3O8 o near-surface, low cost open-pit mining o Continental Precious Minerals scoping studies estimate: o waste to ore ratio of 0.5:1 o mining costs of approx US$2.50 -3.00/t ore 13
Slide 14: High Recoveries
High Recoveries For personal use only Conventional acid leach o conventional tests give high 93% recoveries of uranium o second phase of work addressing reagent management Bioleaching o Parker Centre/CSIRO initial bio-heap leach increases extraction of uranium, molybdenum, nickel & zinc o next stage
Slide 15: Animation – bio-heap leaching process
For personal use only animation – bio-heap leaching process 15
Slide 16: Existing Talvivaara Project in Finland Analogue
For personal use only Existing Talvivaara Project in Finland Analogue o Talvivaara, Finland uses bioleach to recover: 0.8 Mlbs pa from 17ppm U3O8 ore o recent Cameco funding & offtake agreement o Talvivaara, Finland modern mine based on shales o mining 24Mtpa ore (US$2.60/t) Talvivaara Project, Finl
Slide 17: Next Steps: Häggån
Next Steps: Häggån For personal use only o second phase of drilling on western part of project completed o assay results expected 2nd quarter o ongoing metallurgical testwork o scoping study 17
Slide 18: West Africa Main Projects
For personal use only West Africa Main Projects Mauritania - SNIM Iron Ore Operation 18
Slide 19: Strong Position in Mauritania
Strong Position in Mauritania For personal use only o long-term existing mining operations o supportive government o Aura in Mauritania ‒ successful project identification & acquisition ‒ greenfield discovery of significant new uranium field ‒ 100% properties plus 2 joint venture permits ‒ major pla
Slide 20: 2011 Resource Drilling Completed
2011 Resource Drilling Completed For personal use only o built on previous drilling where mineralisation showed average grade of 320ppm U3O8 o 2,169 holes totalling over 9,100 metres (2,022 Reguibat Project) o mineralisation 2-4m thick o supports exploration target of 40-60 Mlbs U3O8 at an average g
Slide 21: High Grade Intercepts
High Grade Intercepts For personal use only o extensive mineralisation 1-8 m thick starting at surface o high grade results o selected intercepts o 10m @ 2000 ppm U3O8 o 4.5m @ 1863 ppm U3O8 o 2.5m @ 1859 ppm U3O8 o 2.5m @ 1787 ppm U3O8 o 3m @ 1417 ppm U3O8 o 3m @ 1312 ppm U3O8 o on track to release
Slide 22: High Quality Resource Potential
High Quality Resource Potential For personal use only o Reguibat exploration target* very competitive on size & grade o potential grade separates Reguibat from many calcrete projects * This target is conceptual in nature (the potential quantity and grade of this target is conceptual in nature, that
Slide 23: Why Invest in Aura?
Why Invest in Aura? For personal use only on track & fully delivering on company strategy focus on 2 key projects: Sweden & West Africa o Sweden, Häggån: expanded JORC resource – one of the world’s largest uranium resources plus multi-metal upside o Mauritania, Reguibat: excellent assay results
Slide 24: www.auraenergy.com.au
For personal use only www.auraenergy.com.au 24
Slide 25: Inferred Resource Statement Häggån
Inferred Resource Statement Häggån For personal use only Cutoff Size U3O8 MoO3 V2O5 Ni Zn U3O8 ppm (BT) ppm ppm ppm ppm ppm 100 0.81 162 325 2616 318 448 Size in billions of tonnes and grades of the initial resources for the Häggån Project at 100ppm cut-off grade Aura recognises the requirement to d
Slide 26: The ever-growing need for energy
The ever-growing need for energy For personal use only 26
Slide 27: The reducing contribution of oil
The reducing contribution of oil For personal use only 27
Slide 28: Meeting Growing Uranium Demand
Meeting Growing Uranium Demand For personal use only o 442 reactors in operation with another 541 planned or in construction o nuclear power most feasible source of commercial CO2 free energy o Uranium price steadily increasing currently: US $66.5/lb 28 World Uranium Reactors Under Construction