Aurora Energy Metals Limited · ASX:1AE
Aurora Energy Metals — Investor Presentation (May 2023)
26 slides from Aurora Energy Metals's investor presentation, May 2023
Slide 1: Minerals critical for the USA's energy transition
Minerals critical for the USA’s energy transition Corporate Presentation May 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and issued by Aurora Energy Metals Limited, to assist it in “Measured Resources”, “Indicated Resources” and “Inferred Resources” are to those terms as defined informing interested parties about the Company and its progress. It should not be considere
Slide 3: Why invest in Aurora Energy Metals
Why invest in Aurora Energy Metals A large uranium project located within the world’s largest uranium consumer The Right Asset • Large, well-defined uranium mineral resource • Established infrastructure in a historical mining district • Clear pathway to development • Blue sky lithium exploration pot
Slide 4: Why US Uranium?
Why US Uranium? • The world’s largest nuclear power fleet and US installed nuclear capacity by reactor (MW) therefore the world’s largest uranium consumer. • Well established nuclear power sector with no infrastructure restrictions. • Domestic uranium supply is a priority and is being supported by t
Slide 5: Aurora Uranium Project – Key Points
Aurora Uranium Project – Key Points The USA’s largest mineable, Measured & Indicated Uranium Resource Historical Mining District, excellent infrastructure • 1970’s discovery, extensively drilled – over 600 holes and multiple testwork programs. Aurora Energy Metals Project • Large, well-defined urani
Slide 6: Key Milestones Post IPO / Mineral Resources
Key Milestones Post IPO Consistent progress Mineral Resource Growth2 60 • Large uranium mineral resource upgrade. TOTAL 50.6 Mineral Resources (Mlb U3O8) • Permitted and completed inaugural 18% TOTAL 37.9 ~3,400m diamond & RC drilling program. 40 17% 97% 65% • Review of historical metallurgical test
Slide 7: Pathway to Development
Pathway to Development Mine in Oregon, processing plant and tailings facilities on private land in Nevada1 Mine will be powered by emissions free, low cost hydro-electricity • Mine in Oregon Process in Nevada. • Oregon – Basic Mining Permit (quarry). • Nevada – Proven permitting path. • Excellent
Slide 8: Conceptual Layout
Conceptual Layout Mine in Oregon, processing plant and tailings facilities on private land in Nevada1 Conceptual Mine Layout - Oregon Conceptual Plant Layout - Nevada 1. ASX 27 September 2022 – Aurora Energy Metals Project Update AURORAENERGYMETALS.COM 8
Slide 9: Aurora Uranium Mineral Resource
Aurora Uranium Mineral Resource Well defined and understood, with over 600 holes drilled, with exploration upside1 High Grade Core: 18Mt @ 485 ppm U3O8 for 19.2 Mlb U3O81 1. ASX 23 November 2022 – 34% Increase in Total Uranium Resource to 50.6 Mlbs Maiden Measured Resource Declared at Aurora Uranium
Slide 10: Aurora Uranium Mineral Resource Cross Section
Aurora Uranium Mineral Resource Cross Section 2022 Resource modelled all historical information, taking it to ~82% Measured and Indicated1 100m 1. ASX 23 November 2022 – 34% Increase in Total Uranium Resource to 50.6 Mlbs Maiden Measured Resource Declared at Aurora Uranium Deposit AURORAENERGYMETALS
Slide 11: Exploration Blue Sky Potential
Exploration Blue Sky Potential Close to the USA’s two largest lithium deposits, significant lithium (and uranium) exploration potential1,2,3 Aurora Project Claims Area The McDermitt Caldera: USA’s largest lithium province 1. ASX 17 January 2023 - Thick Lithium & Uranium Zones Returned - Maiden Drill
Slide 12: Exploration Blue Sky Potential
Exploration Blue Sky Potential Close to the USA’s two largest lithium deposits, significant lithium and uranium exploration potential1,2,3 1. ASX 17 January 2023 - Thick Lithium & Uranium Zones Returned - Maiden Drill Program 2. ASX 14 February 2023 – Further Assay Results for AEMP 3. ASX 22 Februar
Slide 13: Work Program to DFS
Work Program to DFS Uranium-focussed program U Scoping Met Testwork1 URANIUM WORK PROGRAM Uranium Scoping Study LITHIUM WORK PROGRAM Phase 2 Drill Program: U core/Li exp PERMITTING WORK PROGRAM Lithium Mineralogy Maiden Li Resource Li Scoping Met Testwork U PFS Met Testwork U Pre-Feasibility Study &
Slide 14: Concluding Remarks
Concluding Remarks Operating in one of Largest mineable Excellent Significant blue sky Four key reasons the world’s best M&I uranium infrastructure exploration potential to invest in Aurora critical minerals resource in the USA enables accelerated Energy Metals jurisdictions development program Led
Slide 15: Appendices
Appendices Appendices AURORAENERGYMETALS.COM
Slide 16: Corporate Snapshot
Corporate Snapshot A unique advanced US uranium project with lithium blue sky Capital Structure (on an undiluted basis, as at 17 April 2023) 1AE 142.6m ASX Code Shares on Issue (inc. 19.9m escrowed) A$18.5M 8.8m Market Cap (at A$0.13 per share) Options (6m @ $0.20; rest at $0.30) ~A$1.7M ~A$16.8m En
Slide 17: Oregon Mine Permitting Process
Oregon Mine Permitting Process Mine in Oregon, processing plant and tailings facilities on private land in Nevada Conceptual Mine Layout Exploration Permit • Required for all activities that disturb more than one surface acre or involve drilling to greater than 50 feet for the purpose of determining
Slide 18: Nevada Plant Permitting
Nevada Plant Permitting Nevada is a well-known mining jurisdiction with well defined permitting procedures Conceptual Plant Layout Process Plant and Tailings Facilities on Private Land: • BLM Nevada – lead agency for NEPA Compliance - EIS • Mine Plan of Operations & Reclamation Permit • Federal & St
Slide 19: Uranium Resource Summary
Uranium Resource Summary1 1. High grade zone estimated using a 300 ppm U3O8 cut-off 2. Low grade zone estimated using a 100 ppm U3O8 cut-off 3. Appropriate rounding applied JORC Disclaimer: Information in this announcement relating to Exploration Results and Mineral Information in this announcement
Slide 20: One of the largest US Uranium Resources
One of the largest US Uranium Resources 107.3 Mt @ 214 ppm U3O8 for 50.6 Mlb U3O8, Shallow high-grade core: 18Mt @ 485 ppm U3O8 for 19.2 Mlb U3O8 180 160 140 The largest, mineable, measured and indicated uranium mineral resource Mineral Resources (Mlb U3O8) 120 100 in the USA 80 60 40 20 0 Coles Hil
Slide 21: Peer Comparison Data
Peer Comparison Data1 Project Owner Category Tonnes U 3 O 8 Mlbs Grade U 3 O 8 Cut-Off Criteria Source Indicated 119.59 132.93 0.056 NI 43-101 Compliant Coles Hill, Virginia2 Consolidated Uranium Inferred 36.28 30.41 0.042 0.025 https://consolidateduranium.com/projects/usa/coles-hill/ (August 19 201
Slide 22: 2022-2023 Drilling Program Plan
2022-2023 Drilling Program Plan1,2,3,4 Summer campaign planned • Overall Plan: • 47 RC holes • 21 Diamond Drill (DD) Holes • Program objectives: • Generate core for uranium testwork • Extend known lithium mineralisation • Define maiden lithium mineral resource • Phase 1 Program: • Completed December
Slide 23: Lithium and Uranium Exploration Potential
Lithium and Uranium Exploration Potential Lithium assay results from 2022 drilling campaign, extending area of mineralisation Uranium assay results from 2022 drilling campaign, extending area of mineralisation 1. ASX: 16 May 2022 – Prospectus 4. ASX :16 June 2022 – Encouraging lithium results receiv
Slide 24: Lithium and Uranium Exploration Potential
Lithium and Uranium Exploration Potential Lithium assay results from 2022 drilling campaign, extending area of mineralisation – with uranium “hits” too 1. ASX: 16 May 2022 – Prospectus 4. ASX :16 June 2022 – Encouraging lithium results received Note: 2414 ppm Li = 0.520% Li2O 5. ASX: 17 January 2023
Slide 25: Lithium and Uranium Exploration Potential
Lithium and Uranium Exploration Potential Lithium assay results from 2022 drilling campaign, extending area of mineralisation – with uranium “hits” too 1. ASX: 16 May 2022 – Prospectus 4. ASX :16 June 2022 – Encouraging lithium results received Note: 2414 ppm Li = 0.520% Li2O 2. ASX: 16 June 2022 –
Slide 26: 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 26
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