Aurora Energy Metals Limited · ASX:1AE
Aurora Energy Metals — Investor Presentation (May 2022)
27 slides from Aurora Energy Metals's investor presentation, May 2022
Slide 1: Minerals critical for the energy transition
Minerals critical for the energy transition Investor Presentation May 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Aurora Energy Metals Limited, to assist it in informing interested parties objectives of Aurora Energy Metals Limited are forward-looking statements that involve various risks and uncertainties. There about the Company and its progress.
Slide 3: Investment Summary
Minerals critical for Investment Unique Uranium & Lithium Focus the energy transition Summary A project with uranium and lithium mineralisation in Demand expected to increase with shift away separate geological horizons from fossil fuels Investment Summary Significant testwork Experienced and explor
Slide 4: Corporate Overview
Corporate Overview Raised $8M at $0.20 per share Capital Structure (post transaction, on an undiluted basis) 1AE 142.6m ASX Code Shares on Issue $28.5M 8.8m Market Cap (at $0.20 per share) Options (6m @ $0.20; rest at $0.30) ~$7.7M ~$20.8m Cash (est. post transaction) Enterprise Value
Slide 5: Board & Management
Board & Management PETER LESTER GREG COCHRAN ALASDAIR COOKE STEVEN JACKSON Non-Executive Chairman Managing Director Non-Executive Director Company Secretary A mining engineer with over 40 years’ A highly experienced international Mr Cooke has over 30 years’ experience A member of CPA Australia who E
Slide 6: Project Location and Highlights
Project Location and Highlights Aurora Energy Metals Project • Located in south-eastern Oregon, USA. Tesla Gigafactory 1 • Well-defined existing Uranium Mineral Resource of 69.3Mt @ 248 ppm eU3O8 for 37.9Mlb eU3O8. • Confirmed lithium mineralisation in sediments overlying and surrounding the uranium
Slide 7: Aurora Energy Metals Project ("AEMP") Overview
Aurora Energy Metals Project (“AEMP”) Overview • Located in the McDermitt Caldera, a major emerging lithium province. • An existing, well-defined, significant Uranium Mineral Resource in shallow volcanics, with a high grade core at unconformity, below overlying lakebed sediments. • Lithium mineralis
Slide 8: AEMP – Uranium
AEMP – Uranium • Volcanic-hosted deposit, discovered in 1979. • Over 600 drillholes completed, plus extensive metallurgical testwork and studies. • Near surface, flat-lying geometry amenable to very low strip ratio open- pit mining. • Low-cost mining possible due to free-dig lake sediment overburden
Slide 9: AEMP – Uranium
AEMP – Uranium Uranium • Conventional open pit mine: • On-site full or partial processing plants. • Shallow, low-strip ratio operation. • Overburden is mineralised: • Overburden potentially free-dig. • Lakebed sediments with lithium-bearing clays – could be stockpiled and processed later. • Indicate
Slide 10: AEMP – Uranium – Potential Resource Upside
AEMP – Uranium – Potential Resource Upside Uranium Hole ID From (m) To (m) Interval (m) eU3O8 (ppm) AUD009 62.2 70.4 8.2 753 AUD010 57.6 97.8 40.2 672 including 57.6 76.8 19.2 1161 including 85 88.7 3.7 584 AUD011 56.7 63.1 6.4 596 and 71.3 76.8 5.5 413 AUD028 86 131.7 45.7 488 including 86.9 93.3 6
Slide 11: AEMP – Uranium Exploration Potential
AEMP – Uranium Exploration Potential Uranium Comparison of airborne (uranium) radiometrics anomalies at Aurora vs. Crotalus Creek Crotalus Aurora Creek Deposit Existing Aurora claims, January 2022 MAY 2022 AURORAENERGYMETALS.COM 11
Slide 12: AEMP – Uranium and Lithium
AEMP – Uranium and Lithium • Historically, uranium was the only target since the 1970’s • Aurora’s priority in 2011 was to confirm previous uranium exploration MAY 2022 AURORAENERGYMETALS.COM 12
Slide 13: AEMP – Uranium and Lithium
AEMP – Uranium and Lithium • But with Lithium Americas’ progress on its Thacker Pass Projects, Aurora assayed for lithium • Lithium was confirmed, allowing the interpretation of a large lithium exploration target area MAY 2022 AURORAENERGYMETALS.COM 13
Slide 14: AEMP – Lithium Exploration Potential
AEMP – Lithium Exploration Potential Uranium • Almost the full extent of the project area is prospective for lithium Aurora uranium Selected assays have shown deposit open pit area that the overlying sediments are lithium bearing MAY 2022 AURORAENERGYMETALS.COM 14
Slide 15: AEMP – Lithium Exploration Potential
AEMP – Lithium Exploration Potential • AEMP’s current claim area is similar in size to Jindalee’s McDermitt Lithium Project Aurora Project Claims Area 5km 5km MAY 2022 AURORAENERGYMETALS.COM 15
Slide 16: McDermitt Lithium Project - Jindalee
McDermitt Lithium Project - Jindalee • Jindalee’s exploration program has demonstrated that lithium is present in wide intersections from close to/at surface to depths of well over 100 metres 5km 5km A typical McDermitt Project Cross Section Aurora Claims Map MAY 2022 AURORAENERGYMETALS.COM 16
Slide 17: AEMP – Lithium Exploration Potential
AEMP – Lithium Exploration Potential • Aurora’s holes were also assayed for lithium, with comparable results Cross Section showing selected lithium assay results North Aurora Project East Claims Area JLR Claims Map Aurora Claims Map JLR Claims Map Aurora Claims Map Note: Lithium assays had an upper
Slide 18: Work Plan – Uranium News flow
Work Plan – Uranium News flow • Drill permitting for existing uranium resource area (Q2 CY2022). • Convert existing mineral resource to Measured status (Q3 CY2022). • Drill program to test potential resource extension (& generate core for metallurgical testwork – TBD) (Q3 CY2022). • Conduct metallur
Slide 19: Work Plan – Lithium News flow
Work Plan – Lithium News flow Core relocated to laboratory in Reno • Re-assay existing core from sediments overlying existing uranium mineral resource (Q3 CY2022). • Drill permitting for area surrounding uranium resource (graben) (Q2/Q3 CY2022). • Drill program (Q3 CY2022). Samples are prepped, read
Slide 20: Recent US Political Developments Support Industry
Recent US Political Developments Support Industry Bipartisan support for programs supporting critical minerals gathering momentum In addition to the “Federal Consortium for Advanced Batteries National Blueprint” which was released recently, the “Permitting Action Plan” was announced on 10 May. As th
Slide 21: Investment Proposition
Investment Proposition Four key reasons Minerals critical Large advanced Accelerated Quality to invest in Aurora for the energy project with dual exploration management Energy Metals transition commodity focus program planned team MAY 2022 AURORAENERGYMETALS.COM 21
Slide 22: Appendices
Appendices Appendices MAY 2022 AURORAENERGYMETALS.COM 22
Slide 23: Nuclear Power
Nuclear Power Emissions Free Baseload Power • Nuclear provides safe and reliable, emissions free baseload power and is a key pillar in the clean energy transition. • Nuclear power is important to achieve net zero goals. • The world’s existing nuclear fleet and new build reactors require an increasin
Slide 24: Global Lithium Demand and Supply
Global Lithium Demand and Supply Global EV lithium-ion cell manufacturing capacity Annual Sales of Passenger EVs (Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) Source: “Lithium-Ion Battery Megafactory Assessment”, Benchmark Mineral Intelligence, March 2021. Source: Bl
Slide 25: Aurora's US Vision for the Lithium-Battery Supply Chain
US Vision for the Lithium-Battery Supply Chain Federal Consortium for Advanced Batteries National Blueprint “By 2030, the United States and its partners will establish a secure battery materials and technology supply chain that supports long-term US economic competitiveness and equitable job creatio
Slide 26: Uranium Resource Summary
Uranium Resource Summary • Total Resource of 38 Mlb @ 248 ppm eU3O8*. 1 High grade zone estimated using a 300 ppm eU O cut-off 3 8 Note: Appropriate rounding applied • Indicated Resource of 36.7 Mlb @ 253 ppm eU3O8*. 2 Low grade zone estimated using a 100 ppm eU O cut-off 3 8 • Shallow high-grade zo
Slide 27: Greg Cochran Managing Director & CEO
Greg Cochran Managing Director & CEO E: info@auroraenergymetals.com Suite 1, 245 Churchill Avenue SUBIACO WA 6008 P: 08 6465 5500 www.auroraenergymetals.com 27
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