Peninsula Energy Limited · ASX:PEN
Peninsula Energy — H.C. Wainwright Mining Conference 2020
18 slides from Peninsula Energy's conference presentation, Nov 30, 2020
Slide 1: A Clear Pathway to Uranium Production
A Clear Pathway to Uranium Production H.C. Wainwright Mining Conference November 30 – December 1, 2020 Virtual Conference CODE : PEN
Slide 2: Disclaimer & Competent Person
Disclaimer & Competent Person This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Presentation
Slide 3: Cautionary & Inferred Resources Notice
Cautionary & Inferred Resources Notice 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 Lance Projects economic via
Slide 4: A Restart Ready Uranium Producer
A Restart Ready Uranium Producer Led by a highly experienced and technically sound Board and Management Team Peninsula is funded for future activities with an established uranium contract book generating significant long-term revenue Flagship Lance Project, located in Wyoming, is the only US-based u
Slide 5: Corporate Overview
Corporate Overview Key Details Share Price Chart Shares on Issue 891.7m Share Price (25 Nov 20) A$0.073 Market Capitalisation A$65.1m Term Debt Nil Cash (as of 30 Sept 2020) US$9.4m Board of Directors Management Team Mr John Harrison Non-Executive Chairman Combined 150-plus years of uranium mining e
Slide 6: Lance Uranium In-Situ Recovery (ISR) Project Wyoming, USA
Lance Uranium In-Situ Recovery (ISR) Project Wyoming, USA PENINSULA ENERGY LIMITED
Slide 7: A Modern, Large Scale and Long-Life Asset
A Modern, Large Scale and Long-Life Asset Lance is one of the largest US uranium projects in size and scale 53.6M lbs U3O8 JORC (2012) compliant resource base1 Current market capitalisation undervalues the resource base when compared to peer group Lance is licensed to produce up to 3M lbs U3O8 per a
Slide 8: Applying Industry-Leading Low pH ISR Process
Applying Industry-Leading Low pH ISR Process Low pH ISR is the 57% of global uranium produced in 2019 was via low pH ISR leading method of Lowest quartile cash cost uranium mines are all low pH ISR uranium production globally Lance is the only US-based uranium project authorised to use the industry
Slide 9: Building Blocks to Low pH ISR Production
Building Blocks to Low pH ISR Production SEP 2018 JAN 2019 APR 2019 SEP 2019 JAN 2020 JUL 2020 Publication of Commencement Successful Commencement of Preparation of MU1A field low pH ISR of field leach trial completion of the low pH de-risking MU1A field demonstration Feasibility in a previously fie
Slide 10: A Well-Defined Pathway to Production
A Well-Defined Pathway to Production INSTALL TRANSITION 6 MONTHS FACILITIES/ URANIUM PRODUCTION (OLD FIELD AREAS) DEVELOPMENT FOR URANIUM TECHNICAL FURTHER PRODUCTION FID* OPTIMISATION OFFTAKE > 12 MONTHS FROM NEW ACTIVITIES AGREEMENTS AREAS & STUDY & FUNDING UPDATES * Low pH implementation FID deci
Slide 11: Upcoming Workstreams and News Flow
Upcoming Workstreams and News Flow Continuation of the MU1A field demonstration (12-18 months) - Uranium grade curves - Hard acidification uranium recovery curve - Performance of test oxidant - Acid consumption and wellfield flow rates - Results from use of ponds for fines management Testing of low
Slide 12: Uranium Sales and Marketing
Uranium Sales and Marketing PENINSULA ENERGY LIMITED
Slide 13: Established Uranium Sales Contract Book
Established Uranium Sales Contract Book The only junior uranium producer with long-term sales contracts extending to 2030 Representing ~15% of projected Lance FS LOM production Uranium sales Net Cash Margin of US$6-8 million secured in CY2021 Matching binding contract sales with market purchase agre
Slide 14: Nuclear Fuel Market Drivers
Nuclear Fuel Market Drivers PENINSULA ENERGY LIMITED 14
Slide 15: Key US Uranium Market Opportunities
Key US Uranium Market Opportunities US Uranium Reserve – A Key NFWG Policy Recommendation Bipartisan support for a long-term buying program from US uranium mines US Budget proposal for appropriation of US$150 million to purchase US produced U3O8 Legislation introduced in US Senate to support Advance
Slide 16: A Compelling Proposition
A Compelling Proposition Low capex Transitioning to low Lance is the only US- requirement of $6m pH ISR method to based uranium project and 6-month re-start provide significant authorised to use potential for the Lance operational and industry leading low pH Project financial upside ISR method MU1A
Slide 17: Contact Details
Contact Details 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) 467-5995 PENINSULA ENERGY LIMITED
Slide 18: Appendix – Resources
Appendix 1 – Resources Lance Projects Resource Estimate as at 31 December 2019 Tonnes Classification U3O8(kg) Grade (ppm U3O8) U3O8(lbs) (million) 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 announcement to
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