Neo Energy Metals Plc · LSE:NEO
Neo Energy Metals — Investor Presentation (June 2025)
30 slides from Neo Energy Metals's investor presentation, June 2025
Slide 1: Positioned to be South Africa's leading uranium producer
Positioned to be South Africa’s leading uranium producer Investor Presentation | June 2025
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS IMPORTANT NOTICE You must read the following disclaimer before continuing. This disclaimer applies to the materials following this page (Document). You are advised to read this disclaimer carefully before reading or making any other use of the Document. By receiving this D
Slide 3: Overview
OVERVIEW Neo Energy Metals (LSE:NEO) is the only uranium mine developer and near-term uranium producer listed on the Main Market of the London Stock Exchange 124Mlb of uranium resources ▪ Major brownfield uranium assets ▪ Located in a proven uranium mining region with over 80 years 5.4Mozs of gold r
Slide 4: Advanced Mines Near-Term Production Projects
ADVANCED MINES NEAR-TERM PRODUCTION PROJECTS BEISA URANIUM-GOLD MINE BEISA NORTH AND SOUTH HENKRIES URANIUM MINE ▪ 26.9Mlbs U3O8, 1.2Mozs gold ▪ 90.4Mlbs U3O8, 4.2Mozs gold ▪ 10Mlbs U3O8 JORC resource ▪ Permitted underground mine ▪ Adjoins Beisa Uranium-Gold ▪ Shallow open pit mining ▪ Refurbish and
Slide 5: Sibanye-Stillwater – A Company Making Transaction
SIBANYE-STILLWATER – A COMPANY MAKING TRANSACTION Strategic relationship with a top-tier global mining company which allows for the rapid development and re-opening of the Beisa Uranium-Gold Mine ▪ Sibanye-Stillwater cornerstones Neo’s uranium production strategy and growth in South Africa ▪ Listed
Slide 6: Corporate and Capital Structure
CORPORATE AND CAPITAL STRUCTURE Neo Energy Metals is poised for a major re-rating following a number of transformational mine, infrastructure and uranium and gold resource acquisitions London Stock ▪ Listed on the Main Market of the London Stock Exchange Exchange listing ▪ Dual listed in South Afric
Slide 7: An Experienced Leadership Team
AN EXPERIENCED LEADERSHIP TEAM A management team with strong and proven credentials in African mine development, operations and investment Theo Botoulas (B.Eng. and M.Sc. in Mining Engineering) - Chief Executive Officer Sean Heathcote (B.Eng. - Metallurgy and Materials Science A.R.S.M) – Executive T
Slide 8: A Uranium Renaissance
A URANIUM RENAISSANCE Growing power demand is fuelling a nuclear renaissance and a drive to secure new strategic uranium supply ▪ The demand for power is set to exponentially increase over the coming decade from increases in: Wh of power per Internet search request type ▪ urbanisation, especially in
Slide 9: Uranium's Moment
URANIUMS MOMENT Robust market "Investment in nuclear power of dynamics EUR500 billion by 2050 will be needed if the EU’s goal of carbon neutrality is to One of the most be achieved." strategic Demand is set to increase dramatically and dwarf all known and planned primary and secondary supply of uran
Slide 10: Investment Case
INVESTMENT CASE Building a uranium titan in the heart of South Africa’s established uranium sector PRODUCTION FOCUSED LOW COST WORLD CLASS LOCATION ▪ Mine infrastructure in place ▪ Shallow UG and open pit ▪ Operations fully permitted ▪ World-class mineral resources ▪ Cash costs of <US$35/lb ▪ All ke
Slide 11: Beisa Uranium-Gold Mine, Beisa North and Beisa South Uranium Projects
BEISA URANIUM-GOLD MINE BEISA NORTH AND BEISA SOUTH URANIUM PROJECTS Investor Presentation | June 2025 | 11
Slide 12: Consolidation of the Beisa Projects
CONSOLIDATION OF THE BEISA PROJECTS ▪ Acquisition of the Beisa Uranium-Gold Mine and adjoining Beisa North and Beisa South Uranium Projects ▪ Consolidates over 30km of strike length of the well-known uranium and gold bearing Beisa Reef ▪ The Beisa Reef is the shallowest of all mineralisation in the
Slide 13: The Bigger Beisa Uranium-Gold Picture
THE BIGGER BEISA URANIUM-GOLD PICTURE A multi-phased re-opening and development of the consolidated Beisa Uranium-Gold Projects ▪ Acquisition of Beisa Uranium-Gold Mine and Beisa North and South Uranium Projects to be completed in Q3 2025 ▪ South African Reserve Bank approval received and other regu
Slide 14: A Proven Uranium and Gold Mining Operation
A PROVEN URANIUM AND GOLD MINING OPERATION ▪ Operations commenced in the early 1980s’ and both uranium and gold were Established uranium produced from the Beatrix 4 Shaft Complex and adjoining processing facilities and gold mine ▪ Placed on care and maintenance in December 2023 Strong operating ▪ Th
Slide 15: Beisa Uranium-Gold Mine
BEISA URANIUM-GOLD MINE 2024 Mineral Resource Statement SAMREC Code Mineral Resources Mt of Ore Grade Contained Metal Uranium Measured 3.6 1.1 kg/t 8.5 Mlbs Indicated 7.8 1.1 kg/t 18.3 Mlbs Total 11.4 1.1 kg/t 26.9 Mlbs Gold Measured 3.6 3.2 g/t 0.4 Moz's Indicated 7.8 3.3 g/t 0.8 Moz’s Total 11.4 3
Slide 16: Re-commencing Uranium-Gold Mine Operations
RE-COMMENCING URANIUM-GOLD MINE OPERATIONS ▪ Feasibility and development studies have confirmed the technical robustness, low-cost production potential, and favourable economics for a +20-year mining operation ▪ "no fatal flaws in the technical aspects and that the construction timelines and the cap
Slide 17: Beisa Uranium-Gold Mine Phase 1 Development Timeline
BEISA URANIUM-GOLD MINE PHASE 1 DEVELOPMENT TIMELINE Q4 2024 H1-2027 Conditional Complete Secure Update Initiate FEED Complete Initiate Complete Finalise Procure Long Construction Commission Agreement Updated Financing Capital Cost for Mine Transaction Funding for FEED and Funding for Lead items Pha
Slide 18: Beisa North and Beisa South Uranium Projects
BEISA NORTH AND BEISA SOUTH URANIUM PROJECTS ▪ One of the largest undeveloped uranium resources in South Africa ▪ Adjoins the Beisa Uranium-Gold Mine to the north and south ▪ Resources of 90Mlbs of uranium and 4.2Mozs of gold ▪ Significant upside in exploration with large zones of high-grade uranium
Slide 19: Beisa North and South Uranium Project
BEISA NORTH AND SOUTH URANIUM PROJECT SAMREC Code Mineral Resources – Beisa Reef Project Category Ore Tonnage Uranium (Cut- off at 50 cmkg/t) Gold (By-Product) at 35% Loss kg/t cmkg/t Mlbs g/t cmg/t Mozs (Mt) Beisa North- 315m to Inferred 18.67 0.84 84.00 34.57 2.00 200 1.20 2000 m Beisa North- Belo
Slide 20: Henkries Uranium Project, Henkries South Uranium Project
HENKRIES URANIUM PROJECT HENKRIES SOUTH URANIUM PROJECT Investor Presentation | June 2025 | 20
Slide 21: Henkries Uranium Mine
HENKRIES URANIUM MINE ▪ An advanced, low-cost uranium project located in the Northern Cape ▪ JORC compliant Mineral Resource at Henkries Central and Henkries North ▪ Advanced through to a positive feasibility study by Anglo American plc ▪ Conventional, shallow open pit mining of high-grade uranium r
Slide 22: A Unique New Uranium Resource
A UNIQUE NEW URANIUM RESOURCE ▪ Discovered by Anglo American ▪ Granted Prospecting Right extending over 743km2 ▪ Uranium mineralisation hosted in soft, very shallow paleochannel sediments ▪ Mineralisation is at surface and mostly within 8m of the surface ▪ Uranium channels extends for 37km on the He
Slide 23: Henkries Uranium Mine License Area
HENKRIES URANIUM MINE LICENSE AREA Granted Prospecting Right in place over the Henkries Uranium Project extending over a total area of 743km2 HENKRIES CENTRAL ▪ 6km of paleo-channel HENKRIES SE EXTENSION ▪ Main orebody ▪ Extends over 25km of the ▪ Existing high-grade resources 37km paleochannel ▪ So
Slide 24: High-Grade at Surface and Shallow Uranium
HIGH-GRADE AT SURFACE AND SHALLOW URANIUM ▪ 4.1m at 668ppm U3O8 ▪ 4.0m at 1,033ppm U3O8 ▪ 3.3m at 827ppm U3O8 ▪ 2.4m at 1,703ppm U3O8 ▪ 2.4m at 1,703ppm U3O8 ▪ 4.0m at 1,265ppm U3O8 ▪ 2.0m at 2,131ppm U3O8 ▪ 2.1m at 1,071ppm U3O8 Investor Presentation | June 2025 | 24
Slide 25: Robust Project Economics
ROBUST PROJECT ECONOMICS Update of Anglo American feasibility study in H2 2024 demonstrated robust economics Low Capital Costs ▪ Previous study based on mining 211 test-pits and continuous operation of pilot plant ▪ Over 18,000m of exploration and resource drilling on just 2 of the many defined uran
Slide 26: Henkries Uranium Project
HENKRIES URANIUM PROJECT HENKRIES URANIUM PROJECT - JORC COMPLIANT RESOURCES (100ppm U3O8 cut-ff grade) Million Average Grade Average Dry Density Million lbs. U3O8 Tonnes (ppm U3O8) (t/m3) contained Henkries Central Indicated 1.97 635 1.08 2.75 Inferred 1.74 211 1.38 0.81 Total Henkries Central 3.71
Slide 27: Acquisition of Henkries South Uranium Project
ACQUISITION OF HENKRIES SOUTH URANIUM PROJECT ▪ Located immediately south of and contiguous to Henkries Uranium Mine ▪ Prospecting Licence 1,050km2 which more than doubles strategic landholding in the uranium prospective region to almost 1,800km2 ▪ Multiple radioactive anomalies identified ▪ These r
Slide 28: Henkries Uranium Project Development Timeline
HENKRIES URANIUM PROJECT DEVELOPMENT TIMELINE Focus on completing an updated MRE and FEED and finalise funding for construction Q4 2023 Q4 2025/ H1 2026 List on the Complete Complete Start EIA & Complete Infill drilling Application for Exploration Update MRE to Deliver FEED. Procure Long Development
Slide 29: Broker and Peer Company Valuations
BROKER AND PEER COMPANY VALUATIONS SHORE CAPITAL – CORPORATE BROKER PEER COMPARISON AND VALUATION ▪ Risked- valuation of +US$200M ▪ “uranium resource ratio” of ▪ Major share price re-rating – 10 times uplift +US$1.10/ lb of ALL in situ uranium ▪ Share price +20 pence resources for listed companies d
Slide 30: Contacts
CONTACTS Theo Botoulas Chief Executive Officer Email: theo@neoenergymetals.com Neo Energy Metals plc 27-28 Eastcastle Street London Twitter: @NeoEnergyMetals United Kingdom LinkedIn: Neo Energy Metals W1W 8DH Website: https://neoenergymetals.com/ Investor Presentation | June 2025 | 30
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