Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Noble Capital Markets Conference (NobleCon18) 2022
22 slides from Peninsula Energy's conference presentation, Apr 20, 2022
Slide 1: Peninsula Energy: Advanced Stage Uranium Developer
PENINSUL A ENER GY AN A DVANCED STAGE UR ANIUM DEV ELOPER NOB LECON18 2 0 A p r i l 2 022 PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 1 INVESTOR PRESENTATION
Slide 2: Disclaimer & Competent Person
D i s cl a i m e r & Co m p et e nt P e r s o n This Presentation contains summary information about the current activities of the Company as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete. This Presentation does not
Slide 3: Cautionary & Inferred Resources Notice
Ca u t i o n a r y & In fe r re d R e s o u rc e s N o t i c e The Feasibility Study completed for the Lance Projects includes measured and indicated resources and an assumed resource conversion of 60% (inferred to indicated or greater). The purpose of the Feasibility Study is to demonstrate the Lan
Slide 4: Investment highlights: advancing Lance Uranium ISR Project
• Led by a well-credentialled team, Peninsula is aggressively advancing its long-life Lance Uranium ISR Project towards a production restart decision • Efficiently and successfully de-risked Lance with eye to Final Investment Decision (FID) in CY2022 • Lance is perfectly positioned to play a role in
Slide 5: Corporate Overview
Co rp o ra t e O v e r v i e w 997m A$0.28 A$279m Nil US$9.3m US$19.8m U3O8 Inventory Shares on issue Share Price Market Term Debt Cash (as of 31 Dec 21) (14 April 2022) Capitalisation (as of 31 Dec 21) (@ US$63.75/lb) US$0.196/sh US$196m OTCQB:PENMF OTCQB:PENMF Board of Directors Management Team Mr
Slide 6: Dynamic & Evolving Uranium Market
D y n a mi c & Ev o l v i n g Ura ni u m Ma rk et • Spot uranium price reset. Currently US$63.75/pound ➢ Key developments include • Russia/Ukraine war driving a shift toward an independent Western Fuel Cycle • By law or by choice, Western entities are distancing from Russian exports • Both supply an
Slide 7: Uranium & Nuclear in the United States
UR A NIUM & NU CLE A R IN T HE UNIT ED STAT ES “Nuclear power provides 52% of US Government is increasing funding to support America’s clean energy. advanced nuclear power projects and the nuclear Because nuclear power plants fuel industry operate at full capacity more than 92% of the time, it has b
Slide 8: Lance Uranium In-Situ Recovery (ISR) Project, Wyoming, USA
L A N CE UR A NIUM IN - SIT U R EC OV ER Y ( ISR ) PR OJECT W YOMING , US A PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 8 INVESTOR PRESENTATION
Slide 9: A Modern, Large Scale and Long-Life Asset
A M o d e r n , La rg e S c a l e a n d Lo n g - Li fe A s s et • Lance is one of the largest US uranium projects in size and scale • 53.6M lbs U3O8 JORC (2012) compliant resource base1 • Licensed to produce up to 3M lbs U3O8 per annum • Current (Stage-1) plant capacity of 1.15M lbs U3O8 per annum •
Slide 10: Applying Industry-Leading Low pH ISR Process
A p p ly i n g In d u s t r y - Le a di n g Lo w p H ISR P ro c e s s Low pH ISR is the • Over 50% of global uranium produced in 2020 was via low pH ISR leading method of • All of the lowest quartile cash cost uranium mines uranium production • Lance is the only US-based uranium project authorised t
Slide 11: Completion of MU1A Field Demonstration
Co m p l et i o n of MU1A Fi e l d D e m o n s t ra t i o n • MU1A Field Demonstration was a thorough study to ensure transition to low-pH is successful • All key objectives of demonstration were achieved • Demonstrated effectiveness of low-pH chemistry and targeted field patterns for dissolving and
Slide 12: Aggressively Advancing Lance Ahead of FID
A g g re s s i v e ly A d va n ci n g L A N CE A h e a d of FID 2022 is shaping to be a pivotal year for the Company, with key activities being advanced ahead of FID • Updated Lance Projects Feasibility Study is progressing for 3Q2022 release • Study will build on the 2018 Lance Low-pH ISR Feasibili
Slide 13: A Well-Defined Pathway to Production
A We ll - D ef i n e d Pa t h wa y t o P ro d u c t i o n • INSTALL TRANSITION 6 MONTHS FACILITIES • URANIUM PRODUCTION (OLD FIELD AREAS) • DEVELOPMENT OF NEW AREAS TECHNICAL EVALUATE FOR FID* OPTIMISATION PROJECT > 12 MONTHS PRODUCTION ACTIVITIES ECONOMICS & STUDY & FUNDING UPDATES OPTIONS * Final
Slide 14: Sales, Marketing and Inventory
S A LES , M A R K ETIN G A ND IN V EN TO R Y PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 14 INVESTOR PRESENTATION
Slide 15: Uranium Sales Contract Book
Ura ni u m S a l e s Co nt ra c t B o o k “A Key Differentiator” A Junior Uranium Company with long-term sales contracts extending to 2030 Current contracts in place for up to 5.0M lbs at US$53-$55/lb U3O8, with major utilities in both the United States and Europe • 3.65Mlbs firmly committed sales (
Slide 16: Strategic Physical Uranium Inventory
St ra t e gi c P h y s i c a l Ura ni u m In v e nt o r y • Uncommitted physical inventory of 310,000 pounds of uranium concentrate as at 31-Dec-2021 • Now valued at US$19.8 million (US$63.75 per pound) • 300,000 pounds of uranium concentrate acquired for US$31.35 per pound in mid-2021 • Delivering
Slide 17: A Compelling Uranium Proposition
A C O MPELLIN G UR A NIUM PR O P OSITIO N PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 17 INVESTOR PRESENTATION
Slide 18: Upcoming Workstreams and Catalysts
Up c o mi n g Wo rk s t re a m s a n d Ca t a ly s t s Updated economic evaluations for Lance Deliverables from US$3.4M early preparatory works program Preparations and FID for restart of Lance Project Amendments to existing permits and licenses Financing and sales contracting activities PENINSULA E
Slide 19: A Transformative 12 Months Ahead
A Tra n s fo r m a t i v e 12 M o nt h s A h e a d Low capex Lance is the only US- Led by a well requirement and based uranium project credentialled technical short timeframe for authorised to use and commercial team production re-start at industry leading low Lance Project pH ISR method Ongoing cas
Slide 20: The Peninsula Advantage
T h e P e n i n s u l a A d va n t a g e Idled US uranium producers and developers with sufficiently de-risked assets may have a unique opportunity to capture emerging US demand in a Western-focused nuclear fuel market Most uranium developers remain years away from achieving actual production-readin
Slide 21: Contact Details
Co nt a c t D et a il s REGISTERED OFFICE Suite 22, 44 Kings Park Road West Perth, Western Australia 6005 Australia Phone: +61 8 6263 4461 www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO +1 (307) 467-9401 21
Slide 22: Appendix 1 – Resources
A p p e n di x 1 – R e s o u rc e s Lance Projects Resource Estimate as at 31 December 20201 Tonnes Grade (ppm Classification U3O8 (kg) U3O8 (lbs) (million) U3O8) Measured 3.4 1.7 489 3.7 Indicated 11.1 5.5 496 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.4 480 53.6 1) JORC Table 1 included in an
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