Deep Yellow Limited · ASX:DYL
Deep Yellow — Australian Uranium Conference 2015
26 slides from Deep Yellow's conference presentation, Jul 15, 2015
Slide 1: Enhanced Palaeochannel Prospectivity Confirmed
Deep Yellow Limited For personal use only Australian Uranium Conference “Enhanced Palaeochannel Prospectivity Confirmed” 15 July 2015 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer This document has been prepared by Deep Yellow Limited (Deep Yellow, DYL or the Company) in connection with providing an overview to interested analysts and investors. For personal use only This presentation is being provided for the sole purpose of providing information to enable recipie
Slide 3: Presentation Overview
Presentation Overview For personal use only Corporate Snapshot Market Overview Project Locations Palaeochannel Prospectivity Omahola Project Tubas Sand Project Conclusions 3
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only The Board Capital Structure – as at 14 July 2015 Shares on Issue 1,910M Tim Netscher Chairman (Independent) Performance Rights 36.6M Greg Cochran Managing Director Market Cap (@ 1.0) ~ AUD 19.1M Gillian Swaby N.E.D Net Cash ~AUD 3.9M Rudolf Brunovs N.E.D (Ind
Slide 5: Market – has anything changed since last year?
Market – has anything changed since last year? For personal use only Global Financial Markets Ongoing volatility means continued uncertainty Capital remains the biggest challenge Little appetite for investment in exploration Uranium Demand Uranium Supply Nuclear growth confirmed (underestimated?) Pr
Slide 6: Project Locations
Project Locations For personal use only 3,109 km2 in exploration area* 93.8 Mlbs at 306ppm in resources** Notes: Exploration in Namibia is conducted by DYL’s wholly- owned subsidiary Reptile Uranium Namibia (RUN) * On a 100% basis ** Assuming tank leach for Omahola 6
Slide 7: Tubas Sand Project: Summary
Palaeochannels: Introduction Tubas JORC Sand2004 Resource: Summary Project: 22.2 Mt at 368 ppm for 18 Mlbs U3O8 For personal use only 7
Slide 8: Tubas Sand Project: Summary
Palaeochannels: Introduction Tubas JORC Sand2004 Resource: Summary Project: 22.2 Mt at 368 ppm for 18 Mlbs U3O8 For personal use only Known deposits from 1970’s/80’s Reason behind original claims being lodged Was the total focus of DYL/RUN (with the Tubas Sand) until INCA discovery AeroTEM HEM Surve
Slide 9: 2008 AeroTEM HEM Survey
Palaeochannels: 2008 AeroTEM HEM Survey Flight lines at 500m gave good coverage however with limited granularity For personal use only 9
Slide 10: Existing Resource/Recent Drilling
Palaeochannels: Existing Resource/Recent Drilling Encouraging Tubas Sandresults from mineral Project: Summarycharacterisation tests prompted a fresh For personal use only look at the current resource base & geological understanding Tumas Palaeochannel on EPLs 3497 and 3496 showing location of Infill
Slide 11: Recent Infill Drilling Results
Palaeochannels: Recent Infill Drilling Results Effectively a “grade control” program with 12.5mx12.5m spacing Tubas Sand Project: Summary For personal use only Infilling previous 50mx100m drill spacing Drilling & Section from recent Infill Drilling Program showing uranium distribution and channel pr
Slide 12: Recent Infill Drilling Results
Palaeochannels: Recent Infill Drilling Results 21 of 90 Holes delivered GTM’s over 2000m eU O * Tubas Sand Project: Summary 3 8 For personal use only Azi Interval Drillhole UTM EAST UTM NORTH Dip TD From To eU3O8 (ppm) GTM UTM (m) TUMR7110 514887.60 7451300.00 0 -90 19.0 0.00 14.00 14.00 207 2898 TU
Slide 13: Recent Infill Drilling Results
Palaeochannels: Recent Infill Drilling Results What have we learned from these drilling results?* For personal use only Confirmed a continuously mineralised north-south front of 160m(NS)x50m(EW) Consistent with previous drilling results done on a 50mx100m grid Grades matched the historical results a
Slide 14: Interpretation of Drilling Results
Palaeochannels: Interpretation of Drilling Results What else can we infer from these drilling results?* For personal use only An internal study predicted the calcrete-hosted tonnes uranium per lineal kilometre along the Tumas drainage Assumptions were made for grade/thickness consistency interpolate
Slide 15: Geophysical Interpretation
Palaeochannels: Geophysical Interpretation Resource Tubas Sand Potentials Project: commissioned Summary to re-interpret AeroTEM HEM data* For personal use only Step 1: Convert the AeroTEM EM time domain data to conductivity-depth values shot Step 2: Run an auto-picking processing routine on the cond
Slide 16: Geophysical Interpretation: Layered Earth Inversion
Palaeochannels: Geophysical Interpretation Layered Tubas SandEarthProject: Inversion (“LEI”) SummaryTechniques Produced Reliable Results* For personal use only Layered Earth Inversion section showing good correlation between bedrock depth from drilling and the depth-to-bedrock from auto-picking rout
Slide 17: Geophysical Interpretation: LEI Conductance Image
Palaeochannels: Geophysical Interpretation LEI Conductance Tubas Sand Project:Image with additional interpretation* Summary For personal use only More clearly defined palaeochannel visible from this interpretation Well over 100 kilometres in length * ASX Release 16 July 2015 17
Slide 18: Geophysical Interpretation: Further analysis
Palaeochannels: Geophysical Interpretation Tubas SandFurther analysis Project: delivers the “money shot”* Summary For personal use only Map showing interpretation of depth to basement of the palaeochannel system across EPL 3496 * ASX Release 16 July 2015 18
Slide 19: Omahola Project: PEA Completed in 2014
Omahola Project: PEA Completed in 2014 JORC 2004 Resource: 48.7 Mt at 420 ppm for 45.1 Mlbs U3O8 (tank leach)* For personal use only ‘PEA’ – preliminary economic analysis completed (Internal study – ASX release 4 June 2014) Heap leach operation more economically attractive Results included: • Averag
Slide 20: Tubas Sand Project: Substantial Progress in 2014
Tubas Sand Project: Substantial Progress in 2014 JORC 2012 Resource: 34 Mt at 170 ppm for 12.7 Mlbs U3O8* Tubas Sand Project: Summary For personal use only Resource update completed: Covered smaller, selected area Average grade up but resource smaller Upside potential remains – drill program designe
Slide 21: Conclusions
Conclusions Recent Palaeochannel Exploration has Demonstrated Exciting Upside For personal use only Palaeochannels • Recent drill program confirmed grade and thickness over selected area • Used as an analogue for the remainder of the palaeochannel • Calcrete-hosted tonnes uranium per lineal kilometr
Slide 22: Thank you
For personal use only Thank you…. Greg Cochran Managing Director Deep Yellow Limited Level 4, 502 Hay Street Subiaco, Western Australia 6008 T +61 8 9286 6999 M +61 409 938-784 F +61 8 9286 6969 Email: greg.cochran@deepyellow.com.au Email: info@deepyellow.com.au Website: www.deepyellow.com.au
Slide 23: Appendices
For personal use only Appendices
Slide 24: JORC Resources (in this presentation)
JORC Resources (in this presentation) Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) For personal use only Omahola Project - JORC 2004 INCA Deposit Indicated 250 7.0 470 3,300 7.2 INCA Deposit Inferred 250 5.4 520 2,800 6.2 Ongolo Deposit # Measured 250 7.7 395 3
Slide 25: JORC Compliance Statements – Page
JORC Compliance Statements – Page 1 Omahola Project For personal use only The information in this report that relates to Exploration Results for the Ongolo, MS7 and INCA deposits is based on information compiled by Dr Katrin Kärner* who is a Member of the Australasian Institute of Mining and Metallu
Slide 26: JORC Compliance Statements – Page
JORC Compliance Statements – Page 2 Tubas-Tumas Project For personal use only The information in this report that relates to the Tumas Zone 1 Infill Drilling Exploration Results is based on and fairly represents information and supporting documentation prepared or reviewed by Mr Geoffrey Gee, a Comp