Aura Energy Ltd · ASX:AEE
Aura Energy — Investor Presentation (September 2021)
17 slides from Aura Energy's investor presentation, Sep 23, 2021
Slide 1: Advancing the Low Capex, Low Operating Cost Tiris Uranium Project
ASX:AEE AIM:AURA ADVANCING THE LOW CAPEX, LOW OPERATING COST, TIRIS URANIUM PROJECT TO NEAR TERM DEVELOPMENT Investor Presentation 23 September 2021
Slide 2: 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
Slide 3: Tiris Uranium Project Highlights
TIRIS URANIUM PROJECT HIGHLIGHTS Low Capex and Low Most Current Capital Recent 10% Project Financing Operating Cost Estimate & DFS Resource Upgrade Discussions Advancing Capital cost of US$74.8m DFS Capital Estimate Total JORC Resource Debt and equity financing C1 cost of US$25.43/lb updated August
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Aura Energy (ASX:AEE) is advancing the low-capex, low operating cost Tiris Uranium Project to near term development to meet the increasing demand for uranium, as the world shifts towards a decarbonised global energy system. The Tiris Uranium Project is a major greenfields uranium
Slide 5: Shallow Free Digging Mineralisation
SHALLOW FREE DIGGING MINERALISATION CALCRETE DEPOSIT WITH CARNOTITE URANIUM IN A • No Drill and Blast WEATHERED GRANITE HOST • No Crushing or Grinding • Permitting in a remote desert location easier • Excellent water discoveries URANIUM MINERALISATION AS CARNOTITE 5
Slide 6: Simple Ore Upgrade
SIMPLE ORE UPGRADE URANIUM FOR THE ENERGY TRANSITION 6
Slide 7: Definitive Feasibility Study
DEFINITIVE FEASIBILITY STUDY Tiris Uranium Project PROJECT ATTIBUTES • Shallow flat-lying surface mineralisation (1-5 metres) • Low-cost mining (free digging) • Simple extraction method (92% in leach) KEY OUTCOMES OF THE STUDY • Low capital cost of US$74.8 million • Low C1 cash cost of US$25.43/lb U
Slide 8: Current Project Activities
CURRENT PROJECT ACTIVITIES • Water drilling continues now with excellent results • Tiris Opportunity Review underway to lower operating costs further • Vanadium by-product recovery may lower costs • Net zero emission study by Wood PLC • Gold gravity survey complete and drilling underway 8
Slide 9: Aura Energy Peer Comparison
AURA ENERGY PEER COMPARISON LOW CAPEX, LOW OPERATING COST, LOW MARKET CAP Low Capital = Do-able Project Low AISC = Positive Cashflow Low Market Cap = Value Generation *Bubble size = AISC US$/lb U308 9
Slide 10: Häggån Vanadium Project
HÄGGÅN VANDIUM PROJECT HIGH GRADE VANADIUM PROJECT HIGHLIGHTS • 100% owned 15.2 Billion lb Vanadium Resource1 • 1.1 Billion lb High-Grade Zone • 124 million tonnes @ 0.43% V2O5 (1.1 Sweden Billion lbs V2O5) • Shallow Mine 20 to 100m • Scoping Study with Capital & Operating costs complete ADDITIONAL
Slide 11: Gold and Base Metals in Mauritania
GOLD AND BASE METALS IN MAURITIANA PROJECT HIGHLIGHTS • Exceptional gold and base metal properties secured early 2017 • 105 km of virgin Greenstone belt with little exploration • Similar geology to Kalgoorlie without the crowds • $3m previous expenditure by Aura team in another company • Purchased f
Slide 12: Board and Management
BOARD AND MANAGEMENT PETER REEVE – CEO & MANAGING DIRECTOR • Over 35 years in the Australian resources industry - a metallurgist and has held positions with Rio Tinto, Shell-Billiton, Newcrest and Normet Consulting. • 7 years at JB Were as a Resource Specialist Fund Manager and Resource Corporate Fi
Slide 13: Contact
CONTACT Peter Reeve Managing Director [email protected] +61 417 377 114 Suite 1, Level 3, 62 Lygon Street Carlton South, VIC 3053 Jane Morgan Investor & Media Relations [email protected] +61 405 555 618 This presentation was approved by the Board of Directors 13
Slide 14: JORC Resource - Tiris Zero Emission Uranium Project
APPENDIX JORC RESOURCE -TIRIS ZERO EMISSION URANIUM PROJECT Table 1: Tiris Resource Summary, August 2021 Table 2: Tiris East Resource Summary, August 2021. Cut-off Resource Clas Tonnes U3O8 U3O8 U3O8 Cut-off Tonnes U3O8 Class U3O8 (g/t) U3O8 (Mlb) U3O8 g/t Zone s (Mt) (g/t) (Mkg) (Mlb) U3O8 g/t (Mt)
Slide 15: Häggån Project - Global Inferred Resources
APPENDIX HÄGGÅN PROJECT - GLOBAL INFERRED RESOURCES • Global Inferred Resource of 15.2 billion lbs V2O5 at 0.27% (0.1% cut-off) • At 0.4% cut-off, Inferred Resource is 90 million tonnes at 0.42% V2O5 • Includes contiguous high-grade zone of 49 million tonnes at +0.4% V2O5 between 20 and 100 metres d
Slide 16: Project Overview
PROJECT OVERVIEW WORLD CLASS PROJECTS FOR THE ENERGY TRANSITION TIRIS URANIUM – MAURITANIA – 100% HÄGGÅN VANADIUM – SWEDEN 100% HIGH GRADE BATTERY METALS HIGH GRADE BATTERY METALS • Low Capex – Low Operating Cost • 15.2 Billion lb Indicated + Inferred • Updated Capital Estimate - August 2021 Vanadiu
Slide 17: Competent Persons Statement
COMPETENT PERSONS STATEMENT The Competent Person for resource information is Mr Neil Clifford. Mr Clifford has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration to qualify as a Competent Person as defined in the 2012 edition of the ‘Austr