Isoenergy Ltd. · TSX:ISO
Isoenergy — Investor Presentation (November 2019)
28 slides from Isoenergy's investor presentation, November 2019
Slide 1: Drilling High Grade Uranium in Canada’s Athabasca Basin
Drilling High Grade Uranium in Canada’s Athabasca Basin November 2019 IsoEnergy.ca TSX-V: ISO OTCQX: ISENF
Slide 2: Disclaimer
Disclaimer Information Contained In This Presentation reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. This presentation is a summary description of IsoEnergy Ltd. (“IsoEnergy” or the “Company”) and its business and Forward-looking info
Slide 3: Hurricane Zone Drilling
Hurricane Zone Drilling Drilling High Grade Uranium 2019 Winter Program Highlights: LE19-02: 3.5m @ 10.4% U3O8 LE19-03: 3.0m @ 2.7% U3O8, 2.3% Ni and 0.1% Co LE19-06: 4.0m @ 3.8% U3O8 LE19-09: 4.5m @ 4.2% U3O8, 1.1% Ni and 0.8% Co, including 2.0m of 6.8% U3O8, 1.9% Ni and 1.3% Co LE19-12:
Slide 4: Our Approach
Our Approach Start with the area most prospective for Athabasca Basin quality/high grade/high margin mines and which is also the world’s best mining jurisdiction Strong technical focus and background – all full- Team time employees are geologists, with a track record of uranium exploration success T
Slide 5: Why Exploration in the Athabasca?
Why Exploration in the Athabasca? IsoEnergy founded and backed by NexGen Energy Share Price and Events Cameco announces 10 month closure of the team behind NexGen Energy. $4.50 McArthur River mine beginning NexGen currently holds the largest $4.00 Kazatomprom announces 10% 2018 undeveloped urani
Slide 6: Uranium Market Divergence
Uranium Market Divergence Spot vs Equity Performance Spot price now up $5/lb or 60% ~25% from April 2018 low of $20.25 to $25.00 Near-term demand expected to 40% increase spot prices over coming 12 months Over the past 3 years equities have been strongly correlated 20% with the spot price Ma
Slide 7: Eastern Athabasca Portfolio
Eastern Athabasca Portfolio Simple Strategy in the Home of High-Grade Uranium 1. Stake/acquire as much of the eastern Athabasca as possible. 2. Drill around mineralized intercepts that were found but never adequately followed up post 2011. 3. Drill for basement hosted - Arrow style - mineralization
Slide 8: Hurricane Zone Discovery
Hurricane Zone Discovery 8 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Slide 9: New Discovery – Larocque East
New Discovery – Larocque East Larocque East: Follow-up Drilling Expands the Hurricane Zone Discovery 100% owned by ISO, acquired in May, 2018 Discovery hole drilled July 2018: 8.5m @ 1.26% U3O8, including 2.5m @ 3.58% U3O8, and including a subinterval of off-scale radioactivity* of 1.0m @ 6.45%
Slide 10: Larocque East
Larocque East Key Features of a Significant Discovery High grade mineralization over widths and thicknesses seen at major deposits i.e. 10m thick x 40m wide Known uranium mineralization extends over 1km of strike length Tenor and volume of alteration in the sandstone and basement is strong E
Slide 11: Larocque East – Discovery Section
Larocque East – Discovery Section Section 4560E LE19-02 (Discovery Section) Substantial uranium mineralization was intersected in LE19-02, demonstrating good continuity on section. Mineralization includes a 3.5m long zone of stronger uranium mineralization that straddles the sub-Athabasca unconf
Slide 12: Larocque East – 75m West of Discovery Section
Larocque East – 75m West of Discovery Section Section 4485E LE19-12 (LE19-12) Completed 75m along-strike to the west of the discovery section of the Hurricane zone The drill hole intersected an 8.5m interval of pitchblende uranium mineralization that averages 3.2% U3O8, 2.1% Ni and 0.2% Co inclu
Slide 13: Larocque East – 75m East of Discovery Section
Larocque East – 75m East of Discovery Section Section 4635E LE19-16A (LE19-16A) Completed 75m along-strike to the east of the discovery section of the Hurricane zone The drill hole intersected a 7.0m interval of pitchblende uranium mineralization that averages 5.4% U3O8, 0.7% Ni and 0.1% Co incl
Slide 14: Larocque East – Highly Prospective to the East
Larocque East – Highly Prospective to the East Hole LE19-26 intersected the Cross Section 5185E edge of a major new resistivity Hole LE19-26 intersected strong anomaly defined in recent ISO alteration in sandstone and DC-Resistivity survey elevated radioactivity from 50m above the unconformity on th
Slide 15: Athabasca Basin Deposit Depths
Athabasca Basin Deposit Depths 15 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Slide 16: Other High Priority Properties
Other High Priority Properties 16 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Slide 17: Drill-Ready Targets - Geiger
Drill-Ready Targets - Geiger Newly expanded in March 2018 with the Dawn North acquisition A total of ~135 kilometres of graphitic conductors Several mineralized intersections are present on the property including high grade basement mineralization up to 2.74% U3O8 over 1.2 m in drill hole HL-5
Slide 18: Drill-Ready Targets - Radio
Drill-Ready Targets - Radio Located 2km east of Rio Tinto’s Roughrider uranium deposit (acquired for $587m by Rio Tinto via the acquisition of Hathor Exploration in 2012) Now 100% owned by IsoEnergy Unconformity depth is shallow: ~150m Within 6 km of the McClean Lake uranium mill Property
Slide 19: Drill-Ready Targets – Thorburn Lake
Drill-Ready Targets – Thorburn Lake Prior to discovery of Arrow this was NexGen’s highest priority property Unconformity depth is shallow (less than 300 m) Cigar Lake, Thorburn Lake and Sand Lake uranium deposits are all within 7 km Cigar Lake Mine haul road runs through the property 2011
Slide 20: Work Program and News Flow
Work Program and News Flow Work Program Overview and News Flow Larocque East Hurricane zone summer 2019 drilling – Completed Q2/3 2019 Drilling Hurricane drill program review – Completed Q3/4 2019 Hurricane winter drill program planning – In Progress Q4 2019 Hurricane winter drill program begins - P
Slide 21: Capital Structure
Capital Structure 1 Year Stock Chart | TSXV: ISO Share Structure Issued & Outstanding Shares 68,432,642 Stock Options 6,420,000 Warrants 2,885,034 Fully Diluted Shares 77,737,676 Cash on hand(1) ~C$0.8 Million 21 IsoEnergy.ca 1. Share Structure and Cash as at Sept. 30, 2019 TSXV: ISO OTCQX: ISENF
Slide 22: Management
Management Craig Parry Steve Blower Janine Richardson Andy Carmichael Director, President & CEO VP, Exploration Chief Financial Officer Senior Geologist ₋ Ex-Rio Tinto, Oxiana, G-Resources, Tigers ₋ Professional Geologist, M.Sc. ₋ Chartered Professional Account ₋ Professional Geologist with +15 year
Slide 23: Board of Directors
Board of Directors Leigh Curyer Trevor Thiele Richard Patricio Chris McFadden Chairman Director Director Director ₋ Chartered Accountant with +20 ₋ Chartered accountant with +30 ₋ Lawyer with +15 years capital market ₋ Chairman of NexGen Energy Ltd. years experience and former CFO of years experienc
Slide 24: Investor Highlights
Investor Highlights IsoEnergy Ltd Investor Highlights 1. The only junior drilling a new high-grade uranium discovery in the prolific Athabasca Basin at the early stage of an emerging bull market 2. The team - responsible for or involved in the discovery of three uranium deposits and +400Mlb of U3O8
Slide 25: Contact Information
Contact Information Management Craig Parry – Chief Executive Officer Email: cparry@isoenergy.ca Direct: +1.778.379.3211 Investor Relations Kin Communications Email: iso@kincommunications.com Direct: +1.604.684.6730 25 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Slide 26: Appendix Uranium Market Update
Appendix Uranium Market Update CATALYSTS FOR NEXT URANIUM BULL MARKET HAVE EMERGED 26 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Slide 27: Supply Side: 2018 Global Uranium Production Cost Curve (SRK)
Supply Side 2018 Global Uranium Production Cost Curve (SRK) Does not include: Depreciation and amortization Corporate taxes on profits Capital that can be attributed to the construction of new production volumes Financial costs Overhead/administrative costs that are allocated to alternativ
Slide 28: Market Moving into Undersupply
Market Moving into Undersupply Major Disruptions Cameco and Kazatomprom continue production curtailments Cameco’s McArthur River/Key Lake mine to remain suspended until higher spot and long-term prices are seen. Combined with the closure of Rabbit Lake and their U.S. operations this represents >27