92 Energy — Resources Rising Stars Conference 2023
18 slides from 92 Energy's conference presentation, May 15, 2023
Slide 1: Investor Presentation – Resources Rising Stars Conference
ASX Announcement 15 May 2023 Investor Presentation – Resources Rising Stars Conference 92 Energy Limited (ASX: 92E, OTCQX: NTELF) (“92 Energy” or “the Company”) is pleased to advise that Managing Director Siobhan Lancaster will be presenting at the Resources Rising Stars Conference being held at RAC
Slide 2: Discovering High Grade Uranium in the Athabasca Basin
DISCOVERING HIGH GRADE URANIUM IN THE ATHABASCA BASIN ► Gemini Uranium Discovery is a high-grade, near-surface uranium discovery ► Gemini mineralisation now defined over 250m x 240m and remains open ► Uranium intersected 85m south of this zone and 285m north ► Immense growth potential with key urani
Slide 3: Investor Proposition
INVESTOR PROPOSITION ► 92E in the investor sweet-spot with a $40m market cap, a high grade discovery with immense growth potential, and the strong outlook for uranium. ► Gemini Uranium Discovery is now defined over 250m x 240m, is near surface and high grade. ► Recently reported assays up to 9.66% U
Slide 4: The Athabasca Basin: A World-Class Uranium Address
THE ATHABASCA BASIN: A WORLD-CLASS URANIUM ADDRESS SASKATCHEWAN ► The Athabasca Basin hosts the highest- grade uranium deposits in the world ► Uranium deposits in the Athabasca Basin can be more than 100 times higher grade than those elsewhere in the world1 ► 92 Energy holds 1,163.6km2 across seven
Slide 5: Gemini: Winter 2023 Spectacular Assays Grading Almost 10% U3O8
GEMINI: WINTER 2023 SPECTACULAR ASSAYS GRADING ALMOST 10% U3O8 - GEM23-061 GEM23-061: 264.0 m 26k cps GEM23-063: 268.5 m 18k cps GEM23-061: 268.5 m >30k cps – 0.5m @ GEM23-063: 268.5 m >20k cps 9.66% U3O8 within 5.0m @ 1.47% U3O8 Above: Select drill core grab samples from GEM23-061 and 0632 with str
Slide 6: Gemini: Scale and Grade
GEMINI: SCALE AND GRADE ► Winter drill program totalled 4,385m ► Returned compelling results (uranium, alteration, significant structures, dravite) demonstrating the huge potential for scale and grade at Gemini 1. Gemini Uranium Discovery with high-grade mineralisation intersected up to 9.66% U3O8 2
Slide 7: Gemini: Mineralised Zone Remains Open
GEMINI: MINERALISED ZONE REMAINS OPEN Near surface uranium discovery Gemini Uranium Discovery is entirely basement hosted and starts just 60m vertically below surface, extending to 270m below surface High grade mineralisation up to 9.66% 43.0m @ 0.62% U3O8 (6,190 ppm) incl. 18.0m @ 1.16% U3O8 (11,
Slide 8: Gemini: Mineralised Zone Hangs Together
GEMINI: MINERALISED ZONE HANGS TOGETHER ► Thick and continuous zones of mineralisation identified at the Gemini Uranium Discovery ►GEM22-025 – was the 8th best publicly available uranium intercept drilled globally in 20223 ► Grades and depths of mineralisation are comparable to the Rabbit Lake urani
Slide 9: Gemini: Similar Mineralised Structure to McClean Lake?
GEMINI: SIMILAR MINERALISED STRUCTURE TO McCLEAN LAKE? ► The McClean Lake uranium camp totals approximately 75 Mlbs U3O8, hosted in various zones 5,6,7 ► Uranium deposits at McClean range in grade from 0.39% U3O8 (Sue D, inferred5) to 6.16% U3O8 (McClean North6) and in contained lbs of U3O8 between
Slide 10: Gemini: A Rare Near-Surface Discovery
GEMINI: IS A RARE NEAR-SURFACE DISCOVERY Figure: Schematic of Athabasca Basin uranium deposits, basement hosted versus unconformity, and position of Gemini 81.4 Mlbs @ Total Approx. 239.6 Mlbs @ 2.37% U3O810 Select McClean Lake deposits, combined 1.61% U3O88 205 Mlbs @ 0.3 NPV 3.47B (C$)* approx. 75
Slide 11: Next Steps
NEXT STEPS: GEMINI ► 4,385 m winter 2023 drill program recently completed ► The focus of the upcoming drill program will expand upon target areas identified from drilling. OTHER PROJECTS ► 7 projects in and around the Athabasca Basin - all highly prospective projects with clear exploration strategie
Slide 12: Potential for New Discovery at Tower
POTENTIAL FOR NEW DISCOVERY AT: TOWER ► The Tower Project is located only 10km from the world class Cigar Lake uranium mine owned by Cameco Corp. ► 92E recently completed a maiden drill program at Tower ► Elevated uranium concentrations intersected in two drillholes along with strong alteration ► An
Slide 13: Wares Project: Near Miss Target?
WARES PROJECT: NEAR MISS TARGET? ► Newly acquired, highly prospective Wares Project, where historical drilling has already identified uranium mineralisation at the unconformity, grading 0.18% U3O8 over 0.1 m at the Wares Uranium Occurrence12 ► No closely spaced follow-up drilling has ever been under
Slide 14: Best Fundamentals for Uranium Market in 10 Years
LONGER-TERM URANIUM PRICE DRIVERS ► Electrification - electricity demand predicted to grow by BEST FUNDAMENTALS FOR 75% from 2020 levels to 202515 URANIUM MARKET IN 10 YEARS ► Global shift to decarbonisation - nuclear power is carbon- free reliable base load energy SHORT TERM URANIUM DRIVERS ► Small
Slide 15: Corporate Snapshot
CORPORATE SNAPSHOT ASX: 92E OTCQX: NTELF CAPITAL STRUCTURE Total shares on issue (undiluted) 92.7m SHAREPRICE PERFORMANCE Share price (13 May 2023) $0.43 Market capitalisation $40m Options and Performance Rights 8.5m Cash on hand (31 March 2023) $5.9m KEY SHAREHOLDERS IsoEnergy Ltd 11.60% BOARD AND
Slide 16: Board and Management
BOARD AND MANAGEMENT: 80+ YEARS URANIUM EXPERIENCE INCL. 30+ YEARS IN THE ATHABASCA BASIN RICHARD PEARCE SIOBHAN STEVE BLOWER OLIVER KREUZER MATT GAUCI KANAN SARIOGLU Chairman LANCASTER Director Non-Executive Director Non-Executive Director VP Exploration Managing Director/CEO A mining executive wit
Slide 17: Disclaimer
DISCLAIMER ► The information contained in this presentation is for informational purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is n
Slide 18: Disclaimer (cont…)
DISCLAIMER (cont…) Forward Looking Statements ► Some statements in this report regarding estimates or future events are forward-looking statements. Forward-looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”,