URANIUM, GOLD AND BASE METALS

P R O J E C T D E V E L O P M E N T A N D P R E M I U M E X P L O R AT I O N

URANIUM, GOLD, BASE METALS IN A

FRICA AND EUROPE 1

A S X : A E E

AI M : A U R A C O R P O R A T E U P D A T E l O C T O B E R 2 0 1 7 l P E T E R R E E V E l E X E C U T I V E C H A I R M A N l

AURA SNAPSHOT

  • Developing high margin uranium/polymetallic projects;

    • Tiris Uranium - Mauritania - DFS complete mid 2018
    • Häggån Polymetallic - Sweden - Scoping Study; Battery metals potential
    • Both with attractive economics and resource upside

  • Gold and base metals exploration on greenstone belts set to commence

  • Battery Metal and other special metals gaining traction in Aura's portfolio

  • Tiris DFS - Exceptional amount of work completed 2017 year to date

  • ASX and AIM listed - committed long term shareholders

  • Uranium market a key opportunity over 2 years - substantial supply deficit

  • Gold and base metals exploration provides a bridge

AURA' S STRATEGY AND INVESTMENT PROPOSITION

Aura's clear strategy is as follows;

  • Tiris Uranium Project into production 2019

  • Gold and base metals to exploration bridge Tiris development phase

  • Häggån Polymetallic Project study work over next 2 years

    • Aura's Position in 2019/20;

    Cashflow from Tiris as uranium price recovers

    Exploration success - new gold/ base metal projects Häggån work adds significant asset value

    PROJECT PORTFOLIO

    C1 Cash costs US$13.50/lb UO[2]

    803 Mlbs Inferred Resource

    1 0 0 % O W N E D U R A N I U M & P O LY M E TA L L I C D E V E L O P M E N T P R O J E C T S

    T I R I S M A U R I TA N I A - P O T E N T I A L

    P R O D U C T I O N & C A S H F L O W -

    U R A N I U M

    H Ä G G Å N S W E D E N - P O T E N T I A L

    S C A L E / L O N G T E R M VA L U E -

    P O LY M E TA L L I C

    C1 Cash costs US$19.40/lb UO[1]

    49 Mlbs Indicated / Inferred Resource

    US$45m capital cost

    US$537m capital cost

    Battery Metals

    Co, Ni, Cu, Mo, V, Nd

    • Potential for excellent margins at the Scoping Study price (US$65/lb)

[1] Tiris Scoping Study 16 July 2014 - optimised Sept 2017 [2] Häggån Scoping Study assumptions as release on 29 May 2012

Aura Energy Limited published this content on 11 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 October 2017 23:54:00 UTC.

Original documenthttp://www.auraenergy.com.au/investor/ASX Announcements/2017/Aura Energy Corporate Update October 2017.pdf

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