The Aurora Group - ASX2008/08/25 · Aurora Group Funding Policy The information in this...

The Aurora Group

WESTERN AUSTRALIA

The Search for Giant Base Metal and Uranium DepositsF

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CapricornMt Isa Style Base

Metals & HardrockUranium

Galilee

Other Projects

Texas Well

Kurajong

Aurora MineralsLimited

ASX Code: “ARM”

Cash = approx $5millionDSN Shares = $12millionDSN Options = $1.3millionMarket Cap $18million @ 25 cents

Aurora Minerals LtdOwns 50% of

Desert Energy Ltd

55 Exploration

Licences and Applications

9,000 km2

Dawn MetalsLimited

Calcrete Uranium Projects

* All figures Current as at 15 August 2008

AURORA GROUPSTRUCTURE

Belview Camel HillsPGE, Base Metals,

Gold

BeringaraBase Metals

Uranium

GlenburghBase Metals, Gold,

Uranium

WellsteadIron Ore

Minnie Creek

Old Station

Downs East

Lyons River

Lime Juice

Desert EnergyLimited

ASX Code:“DSN”

Cash = approx $5millionMarket Cap = $22million @

28cents

Surface UraniumDiscovery

Next PotentialDiscovery

Aurora ResourcesPty Ltd

Base Metals Uranium, Gold, Iron Ore Projects

101 Exploration Licences and Applications20,000 km2

Other Projects


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Aurora Minerals GroupLargest Junior Exploration Licence holder in Western Australia• 44,049km2 (12 million acres)• 90 Exploration Licences granted• 156 Exploration Licence applications

Targeting World Class Base Metal and Uranium Deposits• Mt Isa (Cu, Pb, Zn) and Belt Basin style base metals mineralisation• Athabasca style uranium mineralisation• Yeelirrie style uranium mineralisation

Major Exploration Programs• Flown 65,300 line km’s of geophysical surveys 2007/2008• Conducted approximately 400km2 of geochemical soil sampling in

2007/2008 (Approximately 120,000 samples)• Commenced drilling operations in July 2008

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ASX Code: ARMTHE SEARCH FOR GIANT BASE

METAL AND URANIUM DEPOSITS

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Proterozoic age Basins of the World

Aurora has a large part of the Proterozoic Bangemall basin in WA under Exploration Licence

Proterozoic Basins contain over 50% of the worlds Lead and Zinc deposits and world class copper deposits

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Proterozoic Basins• “A disproportionately large share of the world’s metallic resources occur in

sedimentary basins of Proterozoic age” United States Geological Survey

Examples Include:

• Mt Isa Inlier – Western QueenslandLarge Sedex style Base Metal DepositsMt Isa, Hilton, Century, McArthur River (HYC)

• Abra – Bangemall Basin – Western Australia

• Belt Basin – Western North AmericaLarge Sedex style Base Metal DepositsSullivan, Coeur d’Alene district, Troy, Spar Lake

• Athabasca – CanadaLargest Unconformity style Uranium deposits in the WorldCigar Lake, McArthur River, Key Lake

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Proterozoic Basins of Australia

5 of the 10Largest

Sedex Base Metal Deposits

In the World

AreIn Australia

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The Bangemall Basin adjoins the Pilbara-Western Australia’s

largest mining province

The Bangemall Basin is one of the largest

Proterozoic Basins in Australia and is underexplored

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The Key Ingredients for a Major Proterozoic Base Metals Deposit

Key Ingredient Capricorn Project

• Proterozoic Basin

• Major Basin-Margin fault

• Cross Structures

• Lots of VTEM anomalies (electrical conductors)

• Soil anomalies over targets

• Rock chip anomalies over targets

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The Talga Fault is one of the Largest Structures in Western Australia, and cuts through Aurora’s Capricorn Project

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THE KNOT

Talga Fault

Talga Fault

Talga Fault

GRID 7

JESSICA BORE

MINNIERRA

CAPRICORN PROJECT – THE TALGA FAULT

THE BOOTFor

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• Project area 11,970 km2• Covers the entire 150km strike length of the Talga Fault• 63 Exploration Licences – 19 Granted• Five large Project Areas - Talga Fault Zone, Wanna Syncline, Capricorn East,

Capricorn Far East, Pingandy Shelf

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CAPRICORN PROJECTCurrent Exploration Program

Talga Fault Zone - VTEM Targets

• >200 VTEM targets identified over the Talga Fault Zone

• 2008 soil sampling over 42 grids

• Prospecting to delineate areas of gossan and anomalous rockchips to assist drill target definition

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CAPRICORN PROJECTProposed Future Exploration Programs

TALGA FAULT• Drilling

WANNA SYNCLINE• Airborne geophysics• Surface geochemical sampling• Define drill targets

CAPRICORN EAST• Airborne geophysics• Surface geochemical sampling• Define drill targets

CAPRICORN FAR EAST• Airborne geophysics• Surface geochemical sampling• Define drill targets

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Galilee

Other Projects

Texas Well

Kurajong


ASX Code: “ARM”



Desert Energy Ltd

55 Exploration


9,000 km2

Dawn MetalsLimited





Gold


Uranium


Uranium

WellsteadIron Ore

Minnie Creek

Old Station

Downs East

Lyons River

Lime Juice


ASX Code:“DSN”


28cents






Other Projects


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DESERT ENERGY

LIMITED

50% owned by Aurora Minerals Limited(ASX Code: DSN, DSNO)

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IPO August 20072008 Exploration Successes

Downs East Discovery• 18km radiometric anomaly• Surface samples - high grades up to 0.26% Uranium• First drilling identifies large body of buried calcrete identified and remains open• 65 km from BHP-Billiton’s Yeelirrie - (world’s largest calcrete hosted uranium

deposit – discovered in 1972)

Old Station West• 15km uranium channel radiometric anomaly identified• Drilling about to commence

Minnie Creek• Large soil sampling program recently completed over 57 targets for uranium

and base metals• Results pending from labs

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SURFACE URANIUMDISCOVERED NOV, 2007

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FIRST DRILLING DISCOVERS CALCRETE UNDER SAND COVER AT DOWNS EAST (Awaiting Drilling Assays)

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DOWNS EAST – LARGE PROJECT AREAPotential for More Calcrete

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OLD STATION WESTDrilling about to Commence on a strong 15km east-west uranium channel

radiometric anomaly almost entirely covered by sand

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MINNIE CREEKLarge number of soil sampling grids just completed – Assays Awaited

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AURORA MINERALS LIMITED

100% OWNED CALCRETE

URANIUM PROJECTS

WESTERN AUSTRALIA

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Galilee

Other Projects

Texas Well

Kurajong


ASX Code: “ARM”



Desert Energy Ltd

55 Exploration


9,000 km2

Dawn MetalsLimited





Gold


Uranium


Uranium

WellsteadIron Ore

Minnie Creek

Old Station

Downs East

Lyons River

Lime Juice


ASX Code:“DSN”


28cents






Other Projects


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Project Locations – Yeelirrie Region

• Portfolio size 9,231 km2

• Second largest CalcreteUranium portfolio in Western Australia – (Largest being Desert Energy Limited – 50% owned subsidiary of Aurora Minerals Limited)

• Portfolio centered on the richest calcrete uranium province in the World, host to

• Yeelirrie• Lake Way• Centipede• Anketell

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2008 Exploration• 20,000 line kilometres Airborne Radiometrics flown over

• Texas Well• Kurrajong• Belview• Galilee

• Uranium channel radiometric anomalies identified on all four projects

• Multiple targets have been selected for drilling

• First drilling due September 2008 Quarter• Texas Well – (drilling applications underway)• Kurrajong – (drilling applications underway)• Belview – (drilling applications underway)• Galilee – (drilling applications underway)• Maitland• TateF

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Aurora Minerals GroupLargest Junior Exploration Licence holder in Western Australia• 44,049km2 (12 million acres)• 90 Exploration Licences granted• 156 Exploration Licence applications

Targeting World Class Base Metal and Uranium Deposits• Mt Isa (Cu, Pb, Zn) and Belt Basin style base metals mineralisation• Athabasca style uranium mineralisation• Yeelirrie style uranium mineralisation

Major Exploration Programs• Flown 65,300 line km’s of geophysical surveys 2007/2008• Conducted approximately 400km2 of geochemical soil sampling in

2007/2008 (Approximately 45,000 samples)• Commenced drilling operations in July 2008

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The Aurora Groups aim is to discover high-value mineral deposits in order to create wealth for itsshareholders.

The Company is currently focussed on projects which it considers are prospective for base metals,uranium, gold, nickel, PGE and iron-ore.

All exploration requires funding and the Aurora Group has developed policies covering a range of fundingoptions, often depending upon market conditions and perceptions.

Much of the Aurora Group’s proposed future exploration programs are dependent on it having sufficientfunding.

After acquisition of a tenement or tenement application it is generally ranked. Those tenements selectedfor the Aurora Group’s exploration portfolio are: considered for inclusion in its exploration budget fordirect exploration by Aurora; considered to be offered for joint venture or sale to a third party (thus savingAurora exploration funds); or considered for spin-off into an IPO, with Aurora retaining equity in the newentity(thus saving Aurora exploration funds); with a view to maximizing value for the Company.

Tenements which are not considered to be within the Company’s requirements, or which it considers itwould have difficulty funding will be earmarked for relinquishment.

On occasions, if there are funding constraints, the Aurora Group may deem it necessary or prudent todispose of tenements which it believes would be too expensive to keep or explore, notwithstanding thatsuch tenements may remain prospective for minerals.

Aurora Group Funding PolicyF

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The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Robert S Taylor, a Member of The Institute of Materials, Minerals

and Mining and Mr. Garry P O’Hara, a corporate member of the Australasian Institute of Mining and Metallurgy.

Robert Taylor and Garry O’Hara are both executive directors of Aurora Minerals Limited and Desert Energy Limited and consult to the Companies through their respective consulting companies Able Kids Pty Ltd and

Anketell Pty Ltd.

Robert Taylor and Garry O’Hara have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as

Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Robert Taylor and Garry O’Hara consent to the inclusion in

the presentation of the matters based on his information in the form and context in which it appears.

The Companys’ websites (www.auroraminerals.com and www.desertenergy.com.au) are recommended reading for interested market watchers, brokers and investors. The websites contain information on the

Companys’ projects, project maps, a list of the Companys’ announcements to ASX, information on Native Title ( including the tenement grant process and heritage surveys) including in the Desert Energy

Prospectus, the legislative environments under which the Companies operate, Corporate Governance, a section on risks, many of which are common to exploration companies, and other useful information. A list

of the Companys’ announcements is also obtainable from the Australian Stock Exchange website at www.asx.com.au

If you would like copies of announcements emailed to you can contact Ken Banks.

disclaimerF

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http://www.auroraminerals.com/�http://www.desertenergy.com.au/�http://www.asx.com.au/�

Forward-Looking Statements are statements included herein, including regarding future ability to finance projects and other statements that express management's expectations or estimates regarding the timing of completion of various aspects of the projects' development or of our future performance, constitute "forward-looking statements". The words "believe", "expect", "anticipate", "contemplate", "target", "plan", “aims”, "intends", "continue", "budget", "estimate", "may", "will", "schedule", and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

In particular, Aurora Minerals and Desert Energy’s announcements and presentations include many such forward-looking statements and such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Aurora Minerals and Desert Energy to be materially different from its estimated future results, performance or achievements expressed or implied by those forward- looking statements and its forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors are included in the Risks section of the Companies’ websites and ASX announcements available on the companies’ and ASX websites. Aurora Minerals and Desert Energy expressly disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except where required by law.

Forward-looking statementsF

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