Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (July 2013)
24 slides from Aura Energy's investor presentation, Jul 17, 2013
Slide 1: Two exceptional uranium projects
For personal use only “Two exceptional uranium projects” Aura Energy Ltd Investor Presentation July 2013 1 “rapidly advancing uranium projects”
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement 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 pres
Slide 3: Aura - Moving from explorer to developer
Aura - Moving from explorer to developer For personal use only big projects, low costs, heading to commercialisation Häggån, Sweden: 2nd largest undeveloped uranium resource globally 2 major projects Reguibat, Mauritania: Major calcrete uranium resource established; with beneficiation game chang
Slide 4: What Makes a Great (Mining) Company?
What Makes a Great (Mining) Company? For personal use only good people, similar ethics, who get along expertise in their chosen area execution innovation – strategy / edge etc Aura has an abundance of these; • exceptional geologists – 30 years together • Häggån and Reguibat as greenfields di
Slide 5: Häggån, Sweden
Aura Energy Ltd The basis for a global uranium business For personal use only Häggån, Sweden • 803Mlbs U₃O₈ in Inferred Resources • 2nd largest undeveloped resource globally • Amenable to large scale, open pit mining • Bio leaching provides exceptionally low processing costs • Scoping study cash cos
Slide 6: Häggån - Excellent location & infrastructure
Häggån - Excellent location & infrastructure For personal use only close to rail, air and road links to Stockholm and Norway abundant power abundant water Häggån site considered favourable for mining .............. “ because of low relief, limited population and restricted competing land use
Slide 7: Thick, sheet-like deposit provides large resource
Thick, sheet-like deposit provides large resource For personal use only Multiple stacked thrust sheets – upside volumes large Good mining characteristics Similar geology to non- deformed Alum Shale in the south of Sweden 7 “rapidly advancing uranium projects”
Slide 8: Häggån 803Mlbs U3O8 with By-Product Credits
Häggån 803Mlbs U₃O₈ with By-Product Credits For personal use only giant multi-metal deposit 803Mlbs U₃O₈ in Inferred Resources Value enhanced value with co-products: nickel – 1,640Mlbs zinc – 2,230Mlbs molybdenum – 1,070 Mlbs U3O8 (100ppm Tonnes U3O8 Mo V Ni Zn Cut-off) (Bt) (ppm) (ppm)
Slide 9: Bacterial leaching technology
Bacterial leaching technology For personal use only technical breakthrough for the Project up to 85% uranium extraction confirmed proven technology widely used in copper and gold industries Scoping study CAPEX approx $550m Opex around $10 per tonne or $13/lb with credits low acid consump
Slide 10: Low cost, low risk, large mining project
Low cost, low risk, large mining project For personal use only Independent Studies: initial pit shells contain >741 Mt nominal 30 Mtpa operation with 25 year initial mine life low mining costs - strip ratio of 0.75:1 target initial annual production of 7.8Mlbs (3,538t) U3O8 10 “rapidly advan
Slide 11: Exploration target upside
Exploration target upside For personal use only • resource consultants have defined substantial upside at the deposit • 1-2 billion tonnes in Exploration Target • permits sparsely drilled, expectation of resource growth Aura’s Häggån resource and exploration target U3O8 Cut- Tonnes U3O8 Mo V Ni Zn o
Slide 12: Sweden – a top mining destination
Sweden – a top mining destination For personal use only historic culture of mining Europe’s largest copper mine & iron ore producer 10 nuclear power reactors – 50% of national electricity needs low sovereign risk destination – 2nd Fraser Institute survey low corporate tax rate & royalties
Slide 13: Reguibat, Mauritania
Aura Energy Ltd The basis to grow a uranium business For personal use only Reguibat, Mauritania • 48 Mlbs U3O8 Inferred Resources (calcrete) • Average grade of 330ppm • Substantial beneficiation upgrade >1000ppm • Easy mining from surface • Mauritania highly ranked as an African mining country 13 “r
Slide 14: Strong position in Mauritania
Strong position in Mauritania For personal use only Drilling confirmed additional 1.8km2 of mineralisation Drilling confirmed additional 0.6km2 of Open to south & north mineralisation 11.4km2 of anomalies not drill tested Drilling confirmed additional 1.0km2 of mineralisation “rapidly advancing uran
Slide 15: Simple process to substantially increase grade
Simple process to substantially increase grade For personal use only mineralisation in single flat-lying sheets from within 1m of surface • removal of coarse material provides 3 times upgrade to 1,068ppm U3O8 • significantly reduces material volume, capital and operating costs mineralisation 1-
Slide 16: Simple process to substantially increase grade
Simple process to substantially increase grade For personal use only mineralisation in single flat-lying sheets from within 1m of surface • removal of coarse material provides 3 times upgrade to 1,068ppm U3O8 • significantly reduces material volume, capital and operating costs mineralisation 1-
Slide 17: Potential for small, low capex starter operation
Potential for small, low capex starter operation For personal use only • free dig truck and shovel mining • high grade areas identified from drilling for starter pits • next step - Scoping Study • subject to funding decision to mine possible in 3 years • Mauritania very supportive of uranium explora
Slide 18: Corporate Snapshot
Corporate Snapshot ASX: AEE For personal use only Share price: 5.9c (17 July 2013) Market capitalisation: A$11 M Cash position: $1.5 M (17 July 2013) Shares: 179 million Board Nuclear reactors in Europe Peter Reeve Non-Executive Chairman Bob Beeson Managing Director Brett Fraser Non-Executive Board
Slide 19: Aura Energy - Summary
Aura Energy - Summary For personal use only excellent technical team Häggån is an extraordinary project cash costs $13/lb incl credits for Häggån Reguibat has strong attributes to perform upgrade factor a game changer for Reguibat excellent exploration upside in both projects positione
Slide 20: Three year time line target
Three year time line target For personal use only Year Häggån Reguibat 2013 Commence PFS Metallurgy/mineralogy Scoping Study commence 2014 PFS continues Complete Scoping Study Commence PFS 2015-16 PFS completion PFS completion BFS completion 20 “rapidly advancing uranium projects”
Slide 21: Häggån Resource Statement
Häggån Resource Statement For personal use only Category Cutoff Size U3O8 Mo V Ni Zn U3O8 ppm U3O8 Bt ppm ppm ppm ppm ppm Inferred 100 2.35 155 207 1,519 316 431 Competent Persons for Häggån Resource Mr. Simon Gatehouse takes responsibility for estimation of uranium and associated metals in the Hägg
Slide 22: Reguibat Resource Statement
Reguibat Resource Statement For personal use only Category Lower Cutoff Tonnes Grade Contained U308 ppm U3O8 Mt ppm U3O8 Mlb Inferred 100 68.7 330 50.2 150 67.3 340 49.9 200 60.7 350 47.3 250 48.8 380 41.3 300 35.8 420 33.4 Competent Persons for Reguibat Resource The Competent Person for the Requiba
Slide 23: Low operating & capital costs for large sized project
Low operating & capital costs for large sized project For personal use only Häggån operating costs $9.30/t operating costs: – US$13/lb U308 when nickel & molybdenum treated as by-products – US$26/lb U308 when nickel & molybdenum are included as U3O8 equivalents pre-production capital of US$537
Slide 24: Upgrade Specific to Reguibat Project
Upgrade Specific to Reguibat Project For personal use only Small proportion of calcrete uranium projects amenable to beneficiation upgrade Paladin Langer Heinrich has a 33% upgrade from mined grade to leach feed grade by the same process Initial Reguibat results exceptional Head grade U3O8 Upg