Slide 1: Investor Presentation: Future Facing Commodities Seminar
For personal use only Investor Presentation Future Facing Commodities Seminar 22 September 2021 Silex Systems Limited (Silex) (ASX: SLX) (OTCQX: SILXY) is pleased to provide a copy of its presentation for today’s Future Facing Commodities Seminar being hosted by Shaw and Partners. Authorised for rel
Slide 2: Silex Systems Limited: Future Facing Commodities Seminar
For personal use only Silex Systems Limited Shaw and Partners: Future Facing Commodities Seminar Dr Michael Goldsworthy CEO/Managing Director (ASX: SLX) (OTCQX: SILXY) 22 September 2021 www.silex.com.au 1
Slide 3: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors For personal use only About Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) Silex Systems Limited ABN 69 003 372 067 (Silex) is a research and development company whose primary asset is the SILEX laser enrichment technology, originally developed at the Com
Slide 4: Commercialising SILEX laser enrichment technology
Silex is commercialising its unique SILEX laser enrichment technology for application to: For personal use only Uranium production and Silicon enrichment (silicon Other potential markets (e.g. enrichment (nuclear power) quantum computing) medical radioisotopes) Our strategy is focused on extracting
Slide 5: SILEX Technology Commercialisation Overview
SILEX Technology Commercialisation Overview For personal use only 51% Owned 100% Owned Other Potential Markets SILEX Uranium Production via GLE SILEX Zero-Spin Silicon Production E.g. Medical Radioisotopes Technology SILEX laser enrichment Technology SILEX laser enrichment SILEX laser enrichment Lic
Slide 6: Uranium Production and Enrichment for Nuclear Fuel
For personal use only Uranium Production and Enrichment for Nuclear Fuel www.silex.com.au 5
Slide 7: SILEX Uranium Production Opportunity
SILEX Uranium Production Opportunity For personal use only Global demand for Uranium is set to rise: A significant potential uranium supply shortage is forecast • Structural supply deficit could occur without a timely increase in production • Demand could grow significantly as zero-emissions nuclear
Slide 8: Paducah Uranium Production Opportunity
Paducah Uranium Production Opportunity For personal use only ‘Tier 1’ Uranium Target Commercial Resource* Equivalent U3O8 Operation Date based on low cost and Production longevity of production ~ 5 million lbs per year late 2020’s (Silex estimate of all-in cost for ~30 years < US$25/lb) Captures Val
Slide 9: The Paducah Opportunity Value Chain
The Paducah Opportunity Value Chain ‘Full Service’ Nuclear Fuel Materials Concept For personal use only SILEX Technology Depleted UF6 Tails Uranium Production LEU Production HALEU Production GLE-DOE Agreement ~5M lbs/yr for 30 years ~2 MSWU1/yr Enrichment 100+ Tons/yr – by 20302 Conventional Nuclear
Slide 10: Emerging Opportunity - Small Modular Reactors
Emerging Opportunity - Small Modular Reactors (SMR’s) For personal use only • Several next generation SMR designs use High Assay Low Enriched Uranium (HALEU) • SILEX technology may provide a flexible low cost alternative to produce HALEU for SMR’s • SMR’s are modular, smaller size (50 MWe to 300 MWe
Slide 11: SILEX Commercialisation and Royalty Agreement
SILEX Commercialisation and Royalty Agreement For personal use only • GLE holds exclusive worldwide license for use of SILEX laser technology for uranium Paducah, KY Enrichment Plant Site • License agreement includes US$20 million in payments to Silex triggered by commercial development milestones:
Slide 12: Nuclear Power and the Nuclear Fuel Market Opportunity
For personal use only Nuclear Power and the Nuclear Fuel Market Opportunity www.silex.com.au 11
Slide 13: Why Nuclear Power is so important to achieving net zero
Why Nuclear Power is so important to achieving net zero Nuclear power is the only economic source of zero-emissions base load electricity For personal use only Clean Energy Zero-Emissions Low Cost 24/7 Reliability LCOE1 ~ US$70/MWHr Base Load Stability Nuclear Power Highest Capacity Factor Clean Ele
Slide 14: US Uranium Market Outlook - Supply Shortage Forecast
US Uranium Market Outlook – Supply Shortage Forecast For personal use only Mid-Case Uranium Supply and Demand Forecast Million pounds U3O8 © UxC World Market Demand Range 300 275 250 225 200 175 150 125 100 75 50 25 0 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 3
Slide 15: Uranium Price - Price Recovery Underway
Uranium Price – Price Recovery Underway For personal use only Uranium Long-Term Base Price Forecast Then-Current US$/lb U3O8 © UxC $100 Ux LT U3O8 High $90 Ux LT U3O8 Midpoint $80 Ux LT U3O8 Low Mid Long-Term Base $70 Low Long-Term Base $60 High Long-Term Base $50 Composite LT Base Historical High a
Slide 16: Paducah Opportunity helps address US Uranium Vulnerability
Paducah Opportunity helps address US Uranium Vulnerability For personal use only Uranium purchased for U.S. nuclear power reactors, 2010 - 2020 Million pounds U3O8 equivalent 60 US Imports ~90% (avg.) of Uranium purchased 50 40 30 20 10 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 U.S.-o
Slide 17: Zero-Spin Silicon for Quantum Computing
For personal use only Zero-Spin Silicon for Quantum Computing www.silex.com.au 16
Slide 18: SILEX Zero-Spin Silicon Opportunity
SILEX Zero-Spin Silicon Opportunity For personal use only Global race to develop world’s first Quantum Computers • QC’s will be 1000’s of times more powerful than today’s conventional computers • QC will create new opportunities in medicine, AI, cybersecurity, finance, logistics etc • Governments ar
Slide 19: SILEX Project for ZS-Si production gathering momentum
SILEX Project for ZS-Si production gathering momentum For personal use only • Project partners SQC and UNSW part of the Federally funded ‘CQC2T Centre of Excellence’ – ZS-Si for Silicon Quantum Computing a world leader in silicon-based QC technology development • 3-year project cost ~$8m (includes p
Slide 20: SILEX Zero-Spin Silicon Production Opportunity
SILEX Zero-Spin Silicon Production Opportunity For personal use only Aim Production Target Commercial Commercial pilot scale establish a reliable and Operation Date production up to 5 kgs per economic supply of high purity 2023 year, anticipated to increase ZS-Si over the next decade Commercial ZS-S
Slide 21: Summary
For personal use only Summary www.silex.com.au 20
Slide 22: Summary
Summary For personal use only GLE JV (Silex 51% and Cameco 49%) aiming to demonstrate SILEX uranium enrichment technology at pilot commercial scale by the mid 2020’s GLE’s path to market focused on the Paducah opportunity - a large, low cost uranium production project with additional potential for u
Slide 23: Thank you
For personal use only Thank you 22