Deep Yellow Limited · ASX:DYL
Deep Yellow — Shareholder Meeting (November 2024)
29 slides from Deep Yellow's shareholder meeting presentation, Nov 15, 2024
Slide 1: News Release: 2024 AGM Corporate Presentation Amended
NEWS RELEASE 20 November 2024 2024 AGM Corporate Presentation Amended We refer to the presentation released on 15 November 2024. Please find attached the amended presentation, which now includes the Appendices. JOHN BORSHOFF Managing Director/CEO Deep Yellow Limited This ASX announcement was authori
Slide 2: Building a Global Uranium Company - 2024 AGM Corporate Presentation
Building a Global Uranium Company 2024 AGM Corporate Presentation John Borshoff Managing Director/CEO 15 November 2024 DYL: ASX / NSX (Namibia) DYLLF: OTCQX www.deepyellow.com.au www.deepyellow.com.au
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Deep Yellow Financial Information Forward Looking Statements Limited ABN 97 006 391 948 (Company or Deep Yellow) for general information purposes only. The presentation does All dollar values are in Australian dollars (A$ or AUD) This presentation co
Slide 4: Disclaimer (continued)
Disclaimer (continued) Forward-looking information is developed based on Competent Person Statements - and Ore Reserves, that all material assumptions and assumptions about such risks, uncertainties and other technical parameters underpinning the estimates in the Previously Reported information fact
Slide 5: A Year of Solid Achievements
A Year of Solid Achievements 30 June 2023 30 June 2024 Tumas Tumas • DFS Re-costed • DFS completed • EPCM engineer appointed • Permitting on track • Mandated Lead Arranger Appointed • Mining licence granted - Resource Upgrade Mulga Rock Mulga Rock • Resource upgrade • Critical minerals assessment •
Slide 6: In Simple Terms – the Big Picture That Utilities Just Don’t Get
In Simple Terms – the Big Picture That Utilities Just Don’t Get NUCLEAR DEMAND URANIUM SUPPLY DEMAND ABSOLUTELY BOOMING SUPPLY ABSOLUTELY IN DOLDRUMS • China - maintaining strong growth projection • Supply sector has been in decline for over a decade • EU - overwhelming support o now unprepared and
Slide 7: Nuclear is Critical for a Clean and Secure Energy Future
01 Nuclear is Critical for a Clean and Secure Energy Future www.deepyellow.com.au
Slide 8: Supply Under Unprecedented Pressure – Uranium Price Primed for Increase
Supply Under Unprecedented Pressure – Where will it come from? - Uranium Price Primed for Increase Diminishment Limited greenfield Long period of Huge challenges to meet of uranium developments – stagnation creating current and new Page 1 of 2 demand supply industry No investment in concerns industr
Slide 9: Deep Yellow – Well Positioned
02 Deep Yellow – Well Positioned www.deepyellow.com.au
Slide 10: Best Positioned Uranium Mid-Cap Company Globally
Best Positioned Uranium Mid-Cap Company Globally Two long-life advanced projects located in two Tier-1 mining Globally jurisdictions –will provide diversity, security and longevity of supply – Diverse key requirements for Offtakers, Investors and Lenders Near Term Positioned to deliver uranium in th
Slide 11: Globally Diversified with Two Advanced, Long-Life Projects
Globally Diversified with Two Advanced, Long-Life Projects • Project portfolio provides diversity by asset, stage of development and geographic location • One of the largest uranium resource bases of any ASX-listed company (430 Mlb) • Uniquely positioned as one of the few uranium companies globally
Slide 12: A Top Performer in the ASX200 for FY24
A Top 10 Performer in the ASX200 for FY24 2.00 FY23 FY24 120 1.80 100 1.60 1.40 80 1.20 US$/lb 1.00 60 A$/Share Nedbank 0.80 mandate for project finance EPCM engineer 40 0.60 selected 0.40 Tumas re-costed DFS Tumas DFS completion December 2023 20 Vimy merger 0.20 completion August 2022 February 2023
Slide 13: Best-in-Class Team and Board
Leadership Team Best-in-Class Team and Board Board and Senior Management Chris Salisbury** Non-Executive Chairman A Highly Experienced Team with a Proven Track Record John Borshoff* CEO / MD and over 500 Years of Combined Uranium Experience Gillian Swaby * Executive Director Page 1 of 2 Victoria Jac
Slide 14: Flagship Tumas Project - Namibia
03 Flagship Tumas Project - Namibia
Slide 15: Flagship Tumas Project, Namibia
Flagship Tumas Project, Namibia • Uranium and mining friendly jurisdiction. 20–year Mining Licence granted, effective September 2023 Page 1 of 2 • Allows the Project to progress towards production, establishing Tumas as the 4th uranium mine in Namibia • Ore Reserves of 67.3 Mlb - 22.5-year LOM achie
Slide 16: Tumas Project – Process Plant and Infrastructure
Tumas Project – Process Plant and Infrastructure* Significant Advancement of Tumas Project Deliverables This Quarter Controlled Cost Estimates & Reserves Commencement of Early Works • A revised CAPEX and OPEX estimate with • temporary construction access road frozen scope/budget/schedule defined to
Slide 17: Tumas Project Analysis (US$), Detailed Engineering Commenced
Tumas Project Analysis (US$), Detailed Engineering Commenced 3 Key Commentary2 Project Financials (Ungeared): Real Unit 75/lb 81/lb1 90/lb • Head grade of 340ppm Project operating life Years 22 22 22 U3O8 (av) U3O8 Produced Mlb 64 64 64 • Annual production (max) Gross revenue: total $M 4,950 5,314 5
Slide 18: Looking Ahead - a Differentiated Company
04 Looking Ahead - a Differentiated Company www.deepyellow.com.au
Slide 19: Mulga Rock Project, Western Australia – 100% DYL
Mulga Rock Project, Western Australia – 100% DYL • Project acquired through Vimy Resources Page 1 of 2 merger in August 2022 • Located in the Tier-1 mining jurisdiction of Western Australia, with granted Mining Leases • Globally significant Mineral Resource of 115.1Mt @ 410ppm for 104.8Mlb U3O8, pos
Slide 20: Mulga Rock East – Strong Resource Upgrade
Mulga Rock East – Strong Resource Upgrade • Extensive resource/reserve upgrade and ore variability Page 1 of 2 drilling programs completed August 2023 Princess • Significant uranium, critical minerals (Cu, Ni, Co, Zn) and magnetic rare earth elements (notably Ambassador Nd/Tb/Dy/Pr) resources identi
Slide 21: Two Substantial, Advanced Uranium Projects to Produce +7Mlb
Two Substantial, Advanced Uranium Projects to Produce +7Mlb Page 1 of 2 Initial Investment Production Mulga Rock Project 1 Tumas Project 2028 3.5 3.5 2026 2.0 3.0 3.6 3.6 3.6 1.5 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Tumas − 22.25YR LOM Mul
Slide 22: Key Workstreams and Anticipated Timing
Key Workstreams and Anticipated Timing TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER Page 1M&A of 2 Namibia Western Australia Northern Territory • Q3 2024 – MRE finalisation • Q4 2024 –Completion of the • Q2 2024 - Desktop • Ongoing - Continued focus for 6-year Proven Reserve non-selective mining study p
Slide 23: Best Positioned Pure-Play Uranium Investment
Best Positioned Pure-Play Uranium Investment Page 1 of 2 Deep Yellow is successfully establishing the right platform at the right time Uranium market backdrop creates exceptional opportunities in the post- Fukushima supply reconstruction era and taking advantage of a bifurcated market Experienced Bo
Slide 24: Appendices
05 Appendices www.deepyellow.com.au
Slide 25: Appendix 1 Uranium Equivalents
Appendix 1 Uranium Equivalents (refer Mulga Rock East slide 19) U3O8Eq grades are calculated as follows: Page 1 of 2 U3O8Eq = U3O8 + 0.093xCo + 0.028xCu + 0.074xNi + 0.118xREO + 0.009xZn • Those factors were calculated using the assumptions presented in the table below and, based on testwork complet
Slide 26: Appendix 2 - Namibian Mineral Resources
Appendix 2 - Namibian Mineral Resources Notes: • Figures have been rounded and totals may reflect small rounding errors. • XRF chemical analysis unless annotated otherwise. • # Combined XRF Fusion Chemical Assays and eU3O8 values. • eU3O8 - equivalent uranium grade as determined by downhole gamma lo
Slide 27: Appendix 2 - Australian Mineral Resources
Appendix 2 - Australian Mineral Resources Notes: • Figures have been rounded and totals may reflect small rounding errors. • XRF chemical analysis unless annotated otherwise. • # Combined XRF Fusion Chemical Assays and eU3O8 values. • eU3O8 - equivalent uranium grade as determined by downhole gamma
Slide 28: Appendix 2 Ore Reserves
Appendix 2 Ore Reserves Notes: • Figures have been rounded and totals may reflect small rounding errors. 1. ASX release 2 February 2023 ‘Strong Results from Tumas Definitive Feasibility Study’ and ASX release 12 Dec 2023 ‘DFS Review Strengthens Tumas Project’s Flagship Status as a Long- Life, World-
Slide 29: Thank you
Thank you For Further Information T +61 8 9286 6999 E info@deepyellow.com.au W www.deepyellow.com.au @deepyellowltd deep-yellow-limited 28