Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — RIU Sydney Resources Round-up Conference 2010
24 slides from Bannerman Energy's conference presentation, May 11, 2010
Slide 1: Bannerman CEO Presentation to the RIU Sydney Resources Round-up Conference
STOCK EXCHANGE ANNOUNCEMENT 11 May 2010 For personal use only BANNERMAN CEO PRESENTATION TO THE RIU SYDNEY RESOURCES ROUND-UP CONFERENCE Perth, Australia – Bannerman Resources Limited (ASX: BMN, TSX: BAN, NSX: BMN) (“Bannerman”) advises that the attached presentation will be given today by Chief Exe
Slide 2: Strong Leverage to the Nuclear Renaissance
For personal use only Strong Leverage to the Nuclear Renaissance May 2010
Slide 3: Forward-Looking & Technical Disclosures
Forward-Looking & Technical Disclosures For personal use only Certain disclosures in this presentation, including management's assessment of Bannerman Resources Ltd’s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relatin
Slide 4: Etango Uranium Project
Etango Uranium Project Positioned for substantial U3O8 price leverage For personal use only Right Place Namibia, premier location. Right Scale 5-7 Mlbs U3O8 per year. Mine life +16 years. 162Mlbs & 1,300km2 landholding. Right Time Global nuclear renaissance. Page 3
Slide 5: Experienced Board & Management
Experienced Board & Management For personal use only Non-Executive Directors David Smith, Chairman - Former Managing Director of Rio Tinto Pilbara Iron & Rössing Uranium. Ronnie Beevor - Formerly Head of Investment Banking at Rothschild Australia. James McClements - Principal of Resource Capital Fun
Slide 6: Capital Structure
Capital Structure For personal use only As at May 10, 2010 Share price A$0.40 Shares - currently on issue 202 M Options - exercise prices A$0.20-7.50/share, average A$2.40/share 23 M Convertible Note - matures Dec-2011 for A$10M or 16.3M shares 16 M Contingent Share Issue - on grant of mining licenc
Slide 7: Namibia
Namibia Premier uranium mining jurisdiction For personal use only Stable democratic government & economy. Etango 4th largest uranium producing Uranium country – ambitions to grow. Project Swakopmund Windhoek Walvis Bay Political and social support of uranium mining. Rössing (Rio 69%) has ope
Slide 8: Premier Uranium Province
Premier Uranium Province ~ 162 Mlbs U3O8 & 1,300 km2 landholding For personal use only 20 GL Trekkopje/Areva AREVA Plant Valencia/Forsys Water – new & expanding Rössing/Rio Tinto desalination Proposed 25 GL Plant capacity. (NamWater) Rössing South/Extract Etango/Bannerman Power – new investments
Slide 9: Etango Project site
For personal use only Etango Project site Page 8
Slide 10: Preliminary Feasibility Study
Preliminary Feasibility Study – Dec 09 Large, long life project For personal use only • Located in “alaskite alley” that includes Rössing and Rössing Geology South deposits. Mineral • Large near-surface resource – M&I 142Mlbs & Inf 20Mlbs U3O8. Resource • Robust understanding over 6km strike length.
Slide 11: Robust Geological Understanding
Robust Geological Understanding Deposit open along strike and at depth For personal use only Over 284,000 metres drilled to date along 6km strike length. Drilling has focused on the project area with limited near- project work undertaken. A B Targets for satellite pits identified. Drilling d
Slide 12: Mineral Resource Estimate
Mineral Resource Estimate Forward Looking and Technical Disclosures 88% in Measured & Indicated status For personal use only Etango Project* Mineral Resource Estimate – March 2010 Measured & Indicated Resources Inferred Resources Lower Tonnes Grade Contained U3O8 Tonnes Grade Contained U3O8 Cut-off
Slide 13: Mineral Resource Confidence
Mineral Resource Confidence Approx 2/3 within 200 metres of surface For personal use only Page 12
Slide 14: Favourable Resource Geometry
Favourable Resource Geometry Near-surface broad zones of mineralisation For personal use only Page 13
Slide 15: Regional Exploration
Regional Exploration Generating new targets For personal use only • New target generation programs underway for all three licence areas: Namibia Etango (500km2) Swakop (800km2) Botswana • Much of prospective Etango licence area is unexplored. Etango Uranium Project Page 14 Existing radiometr
Slide 16: Regional Exploration - Etango
Regional Exploration - Etango Radon cup survey identifies new targets For personal use only Radon anomalies • Testing RadonXTM technique • Targeting near-project mineralisation Survey limit Etango deposit • Commenced follow-up drilling • Initiated further regional radon surveys Survey limit ~6km Pag
Slide 17: Mining Review
Mining Review Numerous cost reduction opportunities For personal use only • Resource update – improved mining schedule. • Owner-mining assessment for cost reductions. • Larger mining equipment for economies of scale. • Electrically-powered haul trucks (trolley-assist). • Improved waste rock dump sch
Slide 18: Processing Flowsheet
Processing Flowsheet Application of established technologies For personal use only MINING PRIMARY CRUSHING • The Etango deposit responds well to SECONDARY CRUSHING sulphuric acid leaching. HPGR CRUSHING • Grinding to 0.3mm results in rapid leach ? recoveries of +90% in less than MILLING 12 hours. FL
Slide 19: Regulatory Approvals
Regulatory Approvals For personal use only • Completed initial Environmental & Social Impact Assessment (ESIA) in 2009. • Mining licence application lodged in December 2009. • Initial environmental clearance received in April 2010. Page 18
Slide 20: Development Timeline
Development Timeline For personal use only 2010 2011 2012-13 Resource update • Finalise DFS • Construction • Finalise process flowsheet • Board approval • Pre-strip mining • Mining licence • Financing • Commissioning • DFS Page 19
Slide 21: Etango Project has significant scale
For personal use only Page 20 Estimated Annual Production (Mlbs U3O8) 10.0 15.0 20.0 25.0 0.0 5.0 McArthur River (Can) Rössing South (Nam) Rössing (Nam) Ranger (Aus) LLP Kazatomprom (Kaz) Olympic Dam (Aus) Priargunsky (Rus) Niger (Niger) Muyunkum (Kaz) Navoi (Uzb) Etango (Nam) Langer-Heinrich (Nam)
Slide 22: Nuclear Power Utilities
Nuclear Power Utilities Chasing limited new uranium sources For personal use only 120 Nuclear Reactor Build Programs Estimated Number of Nuclear Power Reactors World Nuclear Association Estimates 2009-2030 100 Equity 80 Project Debt 60 Finance 40 Strategic Partner 20 0 2009 2020 2030 Source: WNA, Th
Slide 23: Utilities looking for surety of supply, scale and longevity
Utilities looking for surety of supply, scale and longevity For personal use only Premier uranium producing jurisdiction 5 - 7 Mlbs U3O8 per year over + 16 year mine life Shallow and simple mining, available infrastructure Relatively flat life-of-mine operating cost profile Clear regulator
Slide 24: For personal use only
For personal use only www.bannermanresources.com.au Page 23
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