Peninsula Energy Limited · ASX:PEN
Peninsula Energy — EUROZ Conference 2020
19 slides from Peninsula Energy's conference presentation, Mar 12, 2020
Slide 1: ASX Listed - U.S. Uranium Investment Opportunity
ASX Listed - U.S. Uranium Investment Opportunity EUROZ Conference | 12 March 2020 Wayne Heili – Managing Director / CEO CODE : PEN
Slide 2: Disclaimer & Competent Person
Disclaimer & Competent Person This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Presentation
Slide 3: Cautionary & Inferred Resources Notice
Cautionary & Inferred Resources Notice The Feasibility Study completed for the Lance Projects includes measured and indicated resources and an assumed resource conversion of 60% (inferred to indicated or greater). The purpose of the Feasibility Study is to demonstrate the Lance Projects economic via
Slide 4: Agenda
AGENDA Peninsula Energy – Corporate Overview Lance Project – Our Flagship Asset Low pH Upgrade for Lance A New Market for U.S. Mined Uranium Investment Highlights Flagship asset: Lance Projects in-situ recovery uranium mine in Wyoming, USA Use of nuclear power continues to increase in a world that i
Slide 5: Peninsula Energy ASX:PEN
Peninsula Energy ASX:PEN Capital Structure Share Price & Volume History Ticker: ASX:PEN Shares on issue* 308m Price (A$/share) Volume (m) 0.35 10.0 Share price (3-Mar-20) A$0.130 9.5 9.0 Market capitalisation (3-Mar-20) A$40m 0.30 8.5 8.0 Enterprise Value (3-Mar-20) A$57m 0.25 7.5 7.0 6.5 Available
Slide 6: Lance Uranium ISR Project, Wyoming, USA
Lance Uranium ISR Project Wyoming, USA PENINSULA ENERGY LIMITED 6
Slide 7: Lance Project – In a Favourable Jurisdiction
Lance Project – In a Favourable Jurisdiction Wyoming is a leading US uranium extraction jurisdiction, hosting multiple projects Lance is one of the largest projects in size and scale in the US Powder River Basin WYOMING, USA Lance Regional Setting Lance Permit Areas PENINSULA ENERGY LIMITED 7
Slide 8: The Lance Project – A Production Ready Asset
The Lance Project – A Production Ready Asset Lance is the only uranium recovery project located in the US Exceptional authorised to use the industry leading low pH ISR method Asset Lance holds the largest defined uranium resource of any recently producing project in the US Lance is licensed to produ
Slide 9: Lance ISR Project Preparing for Low pH Operations
Lance ISR Project Preparing for Low pH Operations PENINSULA ENERGY LIMITED 9
Slide 10: Low pH ISR at Lance = Leading the US Industry
Low pH ISR at Lance = Leading the US Industry Low pH ISR is the leading method of global uranium production ➢ 55% of uranium mined in 2018 was extracted via low pH ISR ➢ 1st quartile cash cost uranium mines are all low pH ISR All commercial uranium ISR projects in the US were alkaline ➢ Lance was or
Slide 11: Low pH Regulatory Benchmarks
Low pH Regulatory Benchmarks ➢ Completed major license amendments for low pH ISR in 2019 ➢ Systematically progressing Low pH Implementation Plan ➢ Field Demonstration of Mining and Initial Restoration Phase 1 ➢ Complete ➢ Commercial use of low pH in MU’s 1 & 2 Phase 2 ➢ Authorised ➢ Field demonstrat
Slide 12: Low pH Technical De-risking & Optimisation
Low pH Technical De-risking & Optimisation Preparing a new field demonstration, in a fresh mining area ➢ Further de-risk low pH transition by trialling in a small area not previously operated or subjected to alkaline solutions ➢ Low pH ion exchange resin selection and optimisation test work ➢ Proces
Slide 13: The US Uranium Market
The US Uranium Market PENINSULA ENERGY LIMITED 13
Slide 14: US Nuclear Fuel Working Group (NFWG)
US Nuclear Fuel Working Group (NFWG) What has transpired to date ➢ President Trump established the NFWG in July 2019 ➢ Low level of US uranium mining deemed to be a US national security risk ➢ NFWG delivered their report to the White House in November 2019 ➢ No official pronouncements have been made
Slide 15: Special US Market Opportunities
Special US Market Opportunities What does the NFWG and the budget mean for Peninsula? ➢ President Trump values the critical role of the domestic US uranium production industry. He is prepared to invest in and preserve the domestic US nuclear fuel cycle capabilities ➢ DOE may start long-term buying p
Slide 16: Conclusion
Conclusion Conclusion PENINSULA ENERGY LIMITED 16
Slide 17: Take-Away Points
Take-Away Points ASX:PEN U.S. Peninsula is well positioned to benefit from the U.S. Domestic Government uranium buying initiatives Producer The only low pH uranium ISR project in the U.S. Lance has the largest defined ISR uranium resource in the Long Life US with clear visibility and short timeline
Slide 18: Contact Details
Contact Details REGISTERED OFFICE Unit 32/33, Level 3, 22 Railway Road Subiaco, Western Australia 6008 Australia www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director +61 8 9380 9920 David Coyne Finance Director / CFO +61 8 9380 9920 PENINSULA ENERGY LIMITED 18
Slide 19: Appendix 1 – Resources & Competent Person Statement
Appendix 1 – Resources & Competent Person Statement Lance Projects Resource Estimate as at 31 December 2018 Tonnes Classification U3O8(kg) Grade (ppm U3O8) U3O8(lbs) (million) Measured 3.4 1.7 487 3.7 Indicated 11.1 5.5 495 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.4 479 53.6 1) JORC Table 1 in