Deep Yellow Limited · ASX:DYL
Deep Yellow — Investor Presentation (February 2023)
28 slides from Deep Yellow's investor presentation, Feb 2, 2023
Slide 1: Corporate Presentation with Tumas DFS Focus
Building a Global TIER-1 Uranium Company Corporate Presentation with Tumas DFS Focus 2 February 2023 www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer Disclaimer Past performance and readers should not place undue reliance on such forward-looking information. The Company disclaim any intent or obligations to finalise, check, This presentation has been prepared by Deep Yellow Limited ABN 97 006 391 update or revise any forward-looking st
Slide 3: Introduction
01 01 Introduction www.deepyellow.com.au
Slide 4: DFS Results Confirm World-Class Uranium Project
DFS Results Confirm World-Class Uranium Project Exceptional Long Life Initial Tier-1 World Class LOM AISC NPV & IRR Project Capex Production ESG NPV8 US$341M LOM 22.25 Yrs US$372M 3.6Mlbp.a C1 US$34.68/lb Extensive EMP IRR 19.2%1 U308 Benign tailings Additional AISC Solar farm at US$65/lb resources
Slide 5: Capital Structure
Capital Structure Enhanced financial strength and financing flexibility to fast-track funding and development timelines, once uranium prices reach incentive levels 1.60 1.40 1.20 A$/Share 1.00 0.80 0.60 0.40 0.20 0.00 31-Jan-20 31-Jul-20 31-Jan-21 31-Jul-21 31-Jan-22 31-Jul-22 31-Jan-23 MAJORITY SHA
Slide 6: Best-in-Class Team
Best-in-Class Team Executive Leadership Team A HIGHLY EXPERIENCED TEAM WITH A Chris Salisbury** Non-Executive Chairman PROVEN TRACK RECORD John Borshoff* CEO / MD Gillian Swaby * Executive Director • Proven and successful track record of exploring, Victoria Jackson Non-Executive Director developing,
Slide 7: Globally Diversified and Sizeable Portfolio
Globally Diversified and Sizeable Portfolio • Project portfolio provides Advanced-stage diversity by asset, stage of Early-stage to continue development and organic pipeline geographic location • Largest uranium resource Omahola Alligator River base of any ASX-listed Northern Territory company Namib
Slide 8: M&A Strategy Has Delivered Increased Global Scale
M&A Strategy Has Delivered Increased Global Scale • Deep Yellow has the largest uranium resource base of any ASX-listed company, with an attributable Mineral Resource base of 389Mlb • Once in production, Deep Yellow will be the largest pure-play uranium producer on the ASX • Deep Yellow operates in
Slide 9: Tumas DFS Confirms Tier-1, Long-Life Operation
02 Tumas DFS Confirms Tier-1, Long-Life Operation www.deepyellow.com.au
Slide 10: Flagship Tumas Project Overview
Flagship Tumas Project Overview Page 1 of 2 • Similar to Langer Heinrich deposit, an operation very well understood by the Deep Yellow team • Exploration since early 2017 has increased the Mineral Resource fourfold • Ore Reserves of 67.3Mlb increased by 120% in CY2021 • 22.5-year LOM achieved • Infe
Slide 11: DFS Delivers Strong Results
DFS Delivers Strong Results Page 1 of 2 The DFS builds on the Tumas Capex & Opex cost DFS included extensive High standard utilising PFS update released in Oct predicted accuracy tendering process and Ausenco FS protocols 2021 involving four years of range of -10% to +15% cost validation and enginee
Slide 12: Operational and Financial Growth from PFS
Operational and Financial Growth from PFS PFS Delta Page 1 of 2 KEY FEATURES DFS Update PARAMETERS UNIT (Feb ’23) (Oct ’21) • Production capacity Nameplate process throughput Mtpa 4.15 3.75 +11% increased from 3Mlbpa -1.5% to 3.6Mlbpa Head Grade ppm U3O8 340 345 Initial LOM Years 22.25 25.75 -14% •
Slide 13: Optimised Processing Route
Optimised Processing Route PROCESS CONSISTS OF: Page 1 of 2 Causticisation Crystallisation Sodium Sulphate • Beneficiation to reject 55% of ROM Beneficiation CaO Pond mass to a coarse tailing • Atmospheric leach at 90°C to extract uranium and vanadium SDU Precipitation Uranium • Counter current deca
Slide 14: Mine Production Schedule
Mine Production Schedule KEY FEATURES Page 1 of 2 • Treating 4.15 Mtpa to produce up to 3.6Mlbpa U3O8 and 1.15Mlb V2O5 (vanadium by-product) • Project LOM of 22.25 years based on existing ore reserves • Schedule maintains 3.6Mlbpa for 10 Years after which it declines due to ore grade • Additional re
Slide 15: Operating Costs
Operating Costs Operating Costs US$ (Real LOM) LOM Per t fed Per lb Page 1 of 2 KEY POINTS • Operating cost estimate Converter Costs 23.44 0.26 0.37 reference date is the fourth Transport & Shipping 40.15 0.44 0.63 quarter of 2022 Mining as incurred during production 921.49 10.17 14.45 • Estimate is
Slide 16: Infrastructure
Infrastructure Existing Page 1 of 2 • Walvis Bay Port – Class 7 shipping located 80 km from site • Walvis Bay International Airport located 75 km from site During Construction • Infrastructure for mining fleet provided by mining contractor • 13.5 km site access road connects to the C28 (sealed road)
Slide 17: Project Upside
Project Upside Beneficiation TSF Improve water Reduce size and recovery from TSF to Significant Exploration Upside power consumption further reduce purchased water 49.5Mlb of Inferred Resources consumption already exist for conversion to Reserves 40% of Tumas Palaeochannel untested CCD PLS Alternati
Slide 18: Adopting World Class ESG Initiatives
Adopting World Class ESG Initiatives Page 1 of 2 ENVIRONMENT SOCIAL GOVERNANCE • Process plant to produce • 600+ jobs during construction • Experienced, independent and benign tailings stream – diverse Board • Project will create ~520 direct endorsed by CSIRO jobs including site contractors • Strong
Slide 19: Uranium is Critical for a Clean Energy Future
03 Uranium is Critical for a Clean Energy Future www.deepyellow.com.au
Slide 20: Electricity – We Need More and More
Electricity – We Need More and More The bull market for specific commodities is borne out of need to produce cleaner electricity in ever-increasing amounts over the long term Growth without fossil fuel will be an enormous task – never mind replacing 70% of current global electricity with non-fossil
Slide 21: Nuclear, Nuclear & More Nuclear
Nuclear, Nuclear & More Nuclear World Electricity Production by Source1 Nuclear is the clear winner and the uranium industry is well positioned Coal (36%) for significant value uplift in global energy transition Gas (23%) Dozens of major economies aligning with their governments Hydropower (15%) dem
Slide 22: Looking Ahead – Key Workstreams for next 6-12 Months
Looking Ahead – Key Workstreams for next 6-12 Months Page 1 of 2 TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER M&A • Further focused test work • 600-800 aircore drill program • Desk top prospectivity • Continued focus on continuing to optimise Tumas for variability testing and appraisal to define regiona
Slide 23: Emerging, Tier-1, Geographically Diverse Uranium Producer
Emerging, Tier-1, Geographically Diverse Uranium Producer Page 1 of 2 Deep Yellow is successfully establishing the right building blocks to create a Tier-1 mining company: o Tumas Project –approved to go ahead to FEED and commencement of project financing for FID decision H1 2024 o Mulga Rock Projec
Slide 24: For further information
For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited
Slide 25: Appendix - Mineral Resources
Appendix - Mineral Resources Measured Indicated Inferred Attributable Tonnes Total Resource Resource Deposit (M) (Mlb U3O8) (Mlb U3O8) (Mlb U3O8) (Mlb U3O8) (Mlb U3O8) INCA Deposit (100%) 36.6 - 12.3 9.7 22.0 22.0 Ongolo Deposit (100%) 227.1 19.7 31.7 36.3 87.7 87.7 MS7 Deposit (100%) 34.5 9.1 2.9 3
Slide 26: Appendix - Ore Reserves
Appendix - Ore Reserves Tonnes Proven Probable Total Reserve Attributable Reserve Deposit (M) (Mlb U3O8) (Mlb U3O8) (Mlb U3O8) (Mlb U3O8) Tumas 1 and 2 (100%) 13.9 - 9.0 9.0 9.0 Tumas 1 East (100%) 29.5 - 17.4 17.4 17.4 Tumas 3 (100%) 44.9 - 41.0 41.0 41.0 Tumas 1, 2 and 3 88.4 - 67.3 67.3 67.3 Sub-
Slide 27: Global Uranium Listed Peers – Mineral Resource Estimates
Global Uranium Listed Peers – Mineral Resource Estimates Total 100% 100% 100% 100% Total Att. Att. Att. Attributable Company Stage Measured Indicated Inferred Resources(3) Measured Indicated Inferred Information Source Resources(3) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) Bannerman En
Slide 28: Global Uranium Listed Peers – Mineral Resource Estimates
Global Uranium Listed Peers – Mineral Resource Estimates Total 100% 100% 100% 100% Total Att. Att. Att. Attributable Company Stage Measured Indicated Inferred Resources(2) Measured Indicated Inferred Information Source Resources(2) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) (Mlbs) ASX Announce