Iron in Cameroon April 2009. Slide 2 first mover gold explorer This document may contain certain "forward–looking statements", including, but not limited.

Iron in Cameroon

April 2009

April 2009Slide 2 first mover gold explorer

This document may contain certain "forward–looking statements", including, but not limited to, statements

concerning current and future drilling programmes, estimation of mineral resources, the continuing

development plan, the type of mineralization present and expected results. Information inferred from the

interpretation of drilling results may be deemed to be forward looking statement, as it constitutes a

prediction of what might be found to be present when and if a project is actually developed. Statements and

estimates concerning mineral resources may also be deemed to be forward looking statements in that they

involve estimates, based on certain assumptions, regarding the mineralization that would be encountered if

and when a mineral deposit is actually developed and mined. Forward looking statements are not historical

facts, and are subject to a number of risks and uncertainties beyond management’s control. There can be no

assurance that such statements will prove to be accurate. Actual results and future events could differ

materially from those anticipated in such statements. Risks and uncertainties that could cause results or

future events to differ materially from current expectations expressed or implied by the forward–looking

statements include, among other things, but without limitation, those set forth in the prospectus of African

Aura Resources Ltd. (“African Aura”), and particularly in the section entitled “Risk Factors”.

For more information about the Company’s properties and projects, please refer to the technical report dated

31st October 2007 prepared by Martin Pittuck and Gareth O’Donovan of SRK Consulting (UK) Limited in

accordance with the requirements of National Instrument 43–101 Standards of Disclosure for Mineral Projects

(“NI 43–101”). This document is available at www.sedar.com under African Aura’s public documents.

The technical information contained in this document was compiled by qualified persons under NI 43–101 who

have consented to the inclusion of such technical information in the form in which it appears in this document.

Disclaimer


To be a pre-eminent TSX-V listed West African focussed iron ore

developer and pioneering gold explorer in harmony with the

communities in which we operate; growing our resources

through discovery, merger and acquisition to create value for all

current and future stakeholders.

IntroductionOur vision


Introduction

Focussed on West Africa with a clear vision for growth

Experienced team discovering and building gold mines

Significant iron ore deposit at Nkout

Highly prospective gold portfolio in Cameroon and Liberia

70% owner of Ridgeway Energy (uranium in Cameroon)

BVI incorporated; listed March 08 (TSX-V Tier 1: “AAZ”)

C$6.0m cash on hand; 2009 total budget of C$1.69m

Overview


Our portfolio

Cameroon: 9,500km2

Liberia: 400km2

First mover advantage

Highly prospective

licence base


Define 1bn tonne iron resource at Nkout

Define 2 x 1M oz gold resources in Cameroon

Seize value-adding JV/ merger/ acquisition opportunities

Update shareholders of strategy and progress

Build on our reputation for operational excellence

Objectives


David Netherway, Independent Chairman

Mining engineer (30+ years); CEO Shield Resources;

former CEO Afcan (Eldorado $115M), former director

Equigold (EQI-A), Director of Orezone (OZN-T),

KazakhGold (KZG-L), Gold Mines of Algeria (GMA-L)

John Gray, President and CEO

Geologist (18+ years); Homestake, Noranda, Axmin,

co-founder Northern Minerals and Basti Resources

Matthew Grainger, Independent Director

Geologist (9+ years); co-founded Altus Strategies &

Ariana Resources

Steven Poulton, Independent Director

Founder African Aura; Altus Strategies (CEO), Stellar

Diamonds; co-founder Ariana (AAU-L)

Danesh Varma, Independent Director

Accountant (20+ years); CFO Canadian Zinc (CZN-T)

and Conquest Resources (CQR-V)

Manuel Lamboley, Independent Director

Investment banker (20+ years); ex-UBS, Williams de

Bröe, Kidder Peabody (Geneva)

Our team

David Swan, CFO

Accountant (30+ years); A Anderson, Oriel Resources

Mark Biddulph, COO

Geologist (14+ years); 11 years as senior geologist and

senior mine manager with Anglogold Ashanti

Charles Savage (Consultant)

Iron Ore Mining Engineer with 37 years experience

Ian Prince, Drilling Manager

Driller and mechanic (30+ years); with diamond drilling

and RC experience throughout west and central Africa

Primus Asua, Financial Controller Cameroon

ACCA qualified accountant (7+ years)

Emanuel Blankson, Financial Controller Liberia

An Associate Member of the Liberia Institute of Certified

Public Accounts (20 years experience)

Val Jones, UK Office Manager

Finance and administrative assistant


Cameroon

World Bank sponsored mining law

Highly prospective Archaean geology

Deep water Atlantic port planned

Well developed infrastructure

Stable democracy

Active Resource Companies in Cameroon

Company Commodity Exchange

African Aura Gold TSX-VGeovic Mining Cobalt & Nickel TSX–VMega Uranium Uranium TSXUranex Uranium ASXSundance Resources Iron Ore ASX


‘Hinge of Africa’: Cameroon, Gabon, Republic of Congo

4 x 1,000km2 licences , including NKOUT & NGOA

Iron Deposits in ‘Hinge of Africa’


World class iron ore province : 9 known deposits

Nkout Project (100%):13.5km target up to 65% Fe

Initial target: 500-1,000Mt (JORC/ NI 43-101 resource)

Nkout Iron Project - Overview


300km from deep water

115km west of Mbalam

Haematite and Itabirite

Zero stripping ratio

Discovered by BRGM

NGOAN K O U T

Nkout – Location


Airborne magnetic dipole coincident with topography

Topography and mapping confirms 13.5km ridge

Access and infrastructure from Djoum town

Nkout – Magnetics & Topography


[% Fe] Samples Main component

53-65 17 Fe2O3

46-64 9 Fe2O3 + FeO (OH)x

36-45 10 SiO2 rich

1-20 8 Rocks#1030-1-1 - Nkout Itabirite

Nkout – Reconnaissance results

Average 54% Fe from grab sampling along 5km section

Mineralogy and processing studies underway

Massive ± banded haematite and breccia ores


Phase Primary ActivityYear

US$1 2 3 4 5

1a - Project

infrastructure

Scout drilling, GIS creation, access roads,

base line, trenching and initial mapping

$1m

1b – First Phase

Exploration

Topographic, geological, magnetic surveys,

trenching as appropriate and met-testwork

$1.5m

2 – Second Phase

Exploration

>5,000m drilling, met/ min testing &

geostatistical modelling

$4.5m

3 - Pre Feasibility

Study

~ 20,000m drilling, adit development, bulk

sampling, initial logistics studies

$9m

4- Bankable

Feasibility

Road, rail, port access, site

accommodation, services studies

$10-30m

5 - Mine

Construction

Machinery, rail head, pelletising plant,

stockpiling, ship loading etc.

TBC

Nkout – Exploration plan


Budget: US$1.0m

30m SRTM ± aerial photos for infrastructure planning

Establish field camp, communications & staffing

Develop 5km access roads, 9km baseline

Commence systematic prospecting

Drill 1,000m of core

Nkout – Phase 1a) Exploration (6 mths)


Budget: US$1.5m

Combined geological & magnetometer survey

Establish on-site sample preparation facility

Implement Environmental Permitting

Systematic trenching (5,000m) spaced at 50-100m

Exploration licences extended until August 2011

Nkout – Phase 1b) Exploration (6 mths)


Nkout West

10km of targets

Mapped as BIF by BRGM

Strong geophysical signature

On planned access to Nkout

Akonolinga

Contiguous with Djoum

Airborne dipole targets

7km of mapped BIF

Additional targets


Ntem

100% African Aura

Multiple BIFs [BRGM]

Mapping underway

50km from the coast

Additional targets


Social & Environmental

‘Source locally first’ schemes for staff and supplies

Significant local employment & professional development

IFC guided Social Baseline Studies

IFC guided Environmental Impact Studies


ShareholderShares (M)

%

Management & Directors 7.87 11.7%

Firebird Global Master Fund II, Limited 4.74 7.0%

Arbitrage Research and Trading limited 4.43 6.6%

RBC Global Precious Metals Fund 3.80 5.6%

GOLD 2000 3.16 4.7%

AM2 (Bermuda) Limited 2.59 3.8%

Atlas Financial International Limited 2.40 3.6%

Sprott Asset Management Inc. 2.22 3.3%

Passport Capital 2.22 3.3%

SALIDA 2.00 3.0%

Pinetree Resources Partnership 1.87 2.8%

GAIA Resources Fund 1.86 2.8%

Other & private investors 28,20 41.9%

Total (Undiluted) 67.36 100%

Warrants 30/09/09 @ C$0.55 0.93

Warrants 30/09/10 @ C$0.60 10.56

Warrants 30/03/10 @ C$0.80 8.28

Employee Options (average C$0.29) 5.0

Total (Fully Diluted) 92.3

Share capital

Share price since March 08 (IPO)

Capitalisation summary

Shares on issue 67.36

Cash on hand (C$) C$6.0m

Cash per share C$0.09

Recent Share price C$0.10

Recent Capitalisation C$6.70m


West African focused pioneering explorer

Experienced board and team & strong shareholder base

Major new prospect in prolific iron ore province

Multiple gold projects from four years exploration

First mover strategy creating shareholder value

Well financed

Summary


Registered Offices:

African Aura Resources LtdPasea EstateRoad TownTortolaBritish Virgin IslandsCompany No:290507

African Aura Resources (UK) Ltd 14 Station Road The Orchard Centre Didcot, Oxfordshire, OX11 7LLUnited KingdomCompany No:05944161

Principal Bankers:

HSBC Bank186 Broadway, DidcotOxfordshireOX11 8RPUnited Kingdom

Bank of Butterfield65 Front StreetHamilton HM 12, P.O Box HM195Bermuda

Brokers: Thomas Weisel Partners10th Floor70 York St.Toronto, Ontario M5J 1S9Canada

Haywood Securities800 BCE Place29th Floor, 181 Bay StreetToronto, Ontario M5J 2T3Canada

Solicitors: LV Conseil Institutionnels750, boul. Marcel-LaurinBureau 106, Saint-LaurentQuebec, H4M 2MCanada

Registrar & Transfer Agent

Computershare100 University Avenue, 8th Floor,Toronto, Ontario M5J 2Y1Canada

Independent Consultants:

SRK ConsultingWindsor Court, 1-3 Windsor Place Cardiff CF10 3BX

Auditors: Deloitte & Touche5140 Yonge StreetSuite 1700Toronto, Ontario M2N 6L7Canada

Corporate directory

Iron in Cameroon April 2009. Slide 2 first mover gold explorer This document may contain certain "forward–looking statements", including, but not limited.

Documents

gold resources

vision slide

overview slide

disclaimer slide

years ceo shield resources

years homestake

prospective gold portfolio

administrative assistant