Xcite Uranium Inc. · CSE:XRI
Xcite Uranium — Investor Presentation (March 2024)
19 slides from Xcite Uranium's investor presentation, March 2024
Slide 1: Uranium's World's Premier District
URANIUM'S WORLD'S PREMIER DISTRICT CSE : XRI CORPORATE PRESENTATION SPRING 2024
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements within the put undue reliance on forward-looking statements. Actual results, meaning of applicable securities laws, which involve known and unknown performance, or achievements may differ materially from those expres
Slide 3: Company Highlights: Why Invest?
COMPANY HIGHLIGHTS WHY INVEST? • Committed management & insiders with 42% ownership • Low share count with 16.5M • The right commodity and momentum • High-grade historic results up to 36% U3O8 • Historic production records with uranium historic resources CSE : XRI 3
Slide 4: Share Structure
SHARE STRUCTURE AS OF JANUARY 31, 2024 PRICE & VOLUME STOCK PRICE 0.30$ $0.35 $0.30 SHARES 16,596,600 OUTSTANDING $0.25 MARKET CAP $4.5M $0.20 $0.15 INSIDER 42% OWNERSHIP $0.10 $0.05 WARRANTS 3,6M @ $0,10 (50% insiders) Price $- 1.20M Volume 1.00M 0.80M 0.60M 0.40M 0.20M 0.00M CSE : XRI 4
Slide 5: Saskatchewan Is Canada's Premier Mining Jurisdiction
SASKATCHEWAN IS CANADA’S PREMIER MINING JURISDICTION The Athabasca Basin is located in Saskatchewan Fraser Institute quoted Saskatchewan as number 3 in the world for mining investments The Athabasca Basin supplies 20% of the world’s uranium Established mining environment with Uranium City / Athabasc
Slide 6: Athabasca Basin Geological Model
ATHABASCA BASIN GEOLOGICAL MODEL Beaverlodge Style Basement Hosted Unconformity Hosted • Vein-hosted, near-surface • Structurally controlled, with high-grade • High-grade deposits • Granite structures mineralization located in crystalline basement • Primary source • Magnetic highs, conductor rocks •
Slide 7: Northern Athabasca Basin Project
NORTHERN ATHABASCA BASIN PROJECT o Beaverlodge camp was Canada's first uranium producer, with historical production of approximately 70.25 million pounds of U3O8 between 1950-1982. o The ore from Beaverlodge camp averaged 0.23% U3O8. o Since the early 90s, limited exploration has been conducted in t
Slide 8: Beaver River Electro-Magnetic Map
BEAVER RIVER Electro-Magnetic Map Geology: The uranium-rich zone occurs within the same fault that hosts the VIC Claims Zone along strike. The sulphides present include granular pyrite, some molybdenite, minor graphite, very minor chalcopyrite and malachite, uraninite, and some pitchblende. VTEM sur
Slide 9: Beaver River Graphite Conductors Map
BEAVER RIVER Graphite Conductors Map Uranium mineralization is located along a fracture or fault zone which strikes 300° and dips 75°SE traced for 600 ft Conductors mapped in 1978 Last time the project had groundwork was in 1994 Never drilled CSE : XRI 9
Slide 10: Smitty Property
SMITTY PROPERTY Road access 5Km away from Uranium City CSE : XRI 10
Slide 11: Smitty Property
SMITTY PROPERTY In 1954 became the first privately owned uranium producer in Canada with mineralized material shipped to the nearby Eldorado mill. The Smitty mine operated from 1950 to 1959 Produced 1.2M lbs at 0.20% U3O8 CSE : XRI 11
Slide 12: Smitty Property
SMITTY PROPERTY 3km contact of the Smitty fault Beaverlodge type geology with granite rocks setting 6 DDH drilled with no reported assays Radioactive zones along the fault CSE : XRI 12
Slide 13: Don Lake Property
DON LAKE PROPERTY • 2 km from Uranium City, road access • Major cross faulting structures • Highly prospective geology CSE : XRI 13
Slide 14: Don Lake Property
DON LAKE PROPERTY Historical resource of 30,701 lbs of 0.71% U3O8 Multiple historic uranium showings 42 drill holes with uranium mineralization with grades from 0.75% to 3% U3O8 CSE : XRI 14
Slide 15: Projects Overview
PROJECTS OVERVIEW BLACK BAY (1114 HA) – 6 SMDI GULCH (1685 HA) – 4 SMDI • Black Bay Uranium Mine (SMDI 1296) discovered in 1953; mineralization • 20 km SW of Uranium City. developed in three main shoots discovered along a strike length of • Uranium mineralization associated with the regional Black B
Slide 16: 2024 Work Program
2024 WORK PROGRAM SAMPLING AND HISTORIC WORK LIDAR TRENCHING OF DRILLING COMPILATION SURVEY STRUCTURES TARGETS RADIOMETRIC GROUNDWORK TARGET / EM SURVEY MAPPING FOR GENERATION GRAPHITE CONDUCTORS CSE : XRI 16
Slide 17: Team
TEAM Jean Francois Meilleur 17 years of corporate mining advisory, including eight years as VP Capital Markets at Critical Elements Corp. Currently VP CEO, Director Capital Markets at Soma Gold. Experienced manager with a history of working in the investment industry. Skilled in Entrepreneurship, Me
Slide 18: Uranium Market Trends
URANIUM MARKET TRENDS SPOT PRICE FOR U3O8, IN $ URANIUM PRODUCTION IN 2022 BY COUNTRY 120 100 80 60 40 20 0 Dec-22 Dec-23 Oct-22 Oct-23 Apr-22 Jan-22 Jan-23 Apr-23 May-23 Jan-24 May-22 Feb-22 Feb-23 Jun-22 Jun-23 Mar-23 Mar-22 Jul-22 Aug-23 Aug-22 Jul-23 Sep-22 Nov-22 Sep-23 Nov-23 Source: Bloomberg
Slide 19: Uranium Supply Gap
URANIUM SUPPLY GAP The shortfall in uranium supply is projected to widen through 2040 CSE : XRI Source: Sprott, UxC, Q3 2023 19