Cauldron Energy Limited · ASX:CXU
Cauldron Energy — Investor Presentation (September 2023)
27 slides from Cauldron Energy's investor presentation, Sep 8, 2023
Slide 1: Exploring the Energy Transition
ASX: CXU Cauldron Energy Limited ABN 22 102 912 783 For personal use only Exploring the Energy Transition Investor Presentation September 2023 @cxuasx 1
Slide 2: Corporate Overview
Corporate Overview Backing the new team to deliver. Significant uptick in liquidity recently. Company Details Highly Experienced New Management Team For personal use only Company ASX Code CXU Share Price as at close of market 5 September 2023 0.7c Ian Jonathan Fisher Ordinary Shares on Issue ~932M M
Slide 3: Current Project Portfolio Overview
Current Project Portfolio Overview Cauldron’s portfolio of projects offers exposure to commodities that include uranium and sand; with exciting exploration potential incl Cu, Ni, PGM and rare earths. Gold successfully divested and broader energy transition exploration and M&A opportunities being ass
Slide 4: Growth Consistent with Strategy
Growth Consistent with Strategy Cauldron will look to leverage its existing landholding and knowledge in the uranium sector; assessing opportunities across the energy transition thematic; whilst generating near term value from its non-core asset portfolio. For personal use only Broader energy transi
Slide 5: Melrose Project
For personal use only Melrose Project Dalwallinu, WA 5 5
Slide 6: Melrose located in West Yilgarn Ni-Cu-PGE Province
Melrose located in West Yilgarn Ni-Cu-PGE Province Advantaged geological position at in the West Yilgarn Ni-Cu-PGE Province of Western Australia, discovered and defined by Chalice in 2019. Overview of the West Yilgarn province For personal use only Melrose sits entirely in the new West Yilgarn mafic
Slide 7: Melrose Project – History, Data
Melrose Project – History, Data Melrose Project: The best nickel targets in West Yilgarn Ni-Cu-PGE province. History and Data "Melrose returned Nickel from For personal use only shallow air core drilling, • The Project area hosts historical gold production – e.g. ranging between 0.20% to the Pithara
Slide 8: Melrose Project: Immediate Drill Targets
Melrose Project: 4 Immediate Drill Targets1 High quality foundation asset with significant potential for growth; Planning for drill campaign underway. Target 01 Target 02 Target 03 Target 04 For personal use only DTR937 (Infill hole) 19m @ 0.32% Ni from 17m incl 4m @ 0.41%Ni from 25m DTR936 (Twin of
Slide 9: Melrose Project – Inversion Modelling (Targets 1 & 4)
Melrose Project – Inversion Modelling (Targets 1 & 4) Magnetic inversion modelling has defined significant magnetic anomalies at Target 1 and 4 directly below the shallow historical air core drill holes.1 History and Data For personal use only • Inversion modelling results of an aerial magnetic surv
Slide 10: Melrose Project – EM Survey Plan and Status
Melrose Project – EM Survey Plan and Status EM Survey conducted with large 34m diameter rig; final results due in coming weeks. Survey Status “We were extremely pleased with the way the For personal use only • The EM Survey has been flown without incident / thanks to Geotech team conducted the surve
Slide 11: Melrose Project – EM Survey in Pictures
Melrose Project – EM Survey in Pictures EM survey completed; on time; on budget; without incident. For personal use only 11
Slide 12: Melrose Project – Further Local Engagement
Melrose Project – Further Local Engagement Visiting the local community and project area. For personal use only xxx 12
Slide 13: For personal use only
For personal use only 13 13
Slide 14: Recent Uranium Market Pricing and Fundamentals
Recent Uranium Market Pricing and Fundamentals Sentiment in the uranium market is very strong; with investors scouring the globe for exposure in western friendly countries. Uranium Spot Pricing For personal use only “I can honestly tell you the fundamentals of the uranium market are the ▪ Uranium sp
Slide 15: Yanrey: Uranium With Potential For Other Commodities
Yanrey: Uranium With Potential For Other Commodities High quality foundation asset with significant potential for growth; Planning for drill campaign underway (PoW recently approved by DMIRS) Location Regional factors Commentary For personal use only • Other major deposits in region, e.g. – Manyinge
Slide 16: Benefits of Potential ISR (In Situ Recovery)
Benefits of Potential ISR (In Situ Recovery) ISR has completely transformed the uranium production market; assets amenable to ISR are therefore highly sought after. • Most popular and fastest growing process route for global uranium production For personal use only Amenability to ISR can trump head
Slide 17: Yanrey - Bennet Well Deposit
Yanrey - Bennet Well Deposit Significant Resource with multiple high priority extension targets. Resource Grade Contained Contained Tonne Category Metal Metal For personal use only (ppm s (Mt) (150 cutoff) eU3O8) Oxide (t) Oxide (Mlb) Indicated 21.9 375 8,230 18.1 Inferred 16.9 335 5,670 12.5 Signif
Slide 18: Yanrey – PoW Approved By DMIRS for Drilling
Yanrey – PoW Approved By DMIRS for Drilling Even under current WA policy, exploration drilling for Uranium is allowed. • Bennet Well is already a large deposit, but is broadly underexplored and management are confident there 1 2 For personal use only are low risk opportunities to expand the resource
Slide 19: Policy: The State of Play in WA and Federal
Policy: The State of Play in WA (Uranium Mining) and Federal (Nuclear Generation) There has been a massive increase in the coverage of nuclear related issues in Australia; reflecting the global trend. Nuclear – AUKUS – is Australia “Half Pregnant” For personal use only • Bipartisan support for AUKUS
Slide 20: Corporate
For personal use only Corporate 20 20
Slide 21: Project Next Steps
Project Next Steps Near term milestones focused on Melrose and Yanrey. For personal use only New 3D Magnetic Inversion Electro-Magnetic Survey to Landowner Engagement Submit PoW to DMIRS and Drilling modelling further map EM conductors approval Melrose ✓✓ ✓✓ ✓✓ ~4 week process from commencement ~ Q4
Slide 22: Value Proposition and Catalysts
Value Proposition and Catalysts Undervalued v peers; strong price catalysts and favourable commodity momentum. For personal use only Peer comparison as at 6 September 2023 based on EV / lb U3O8 Price Catalysts 20 • Global Uranium Market Sentiment 18 16 • Significantly more eyes on the stock; underst
Slide 23: Contacts
For personal use only Contacts Jonathan Fisher Chief Executive Officer jonathan.fisher@cauldronenergy.com.au Michael Fry Director / CoSec Michael.fry@cauldronenergy.com.au @cxuasx 23
Slide 24: Important Information
Important Information This Presentation may include statements that could be deemed ‘forward looking statements.’ Although the Company believes the expectations Forward Looking Statements expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaran
Slide 25: Competent Person Information
Competent Person Information The information in this Presentation that relates to the potential for uranium and other mineralisation including that of vanadium, rare earths, copper, nickel and PGE’s, at the Yanrey Uranium Project is extracted from a report released to the Australian Securities Excha
Slide 26: Mineral Resources – Bennett Well Deposit
Mineral Resources – Bennett Well Deposit The Mineral Resource (JORC 2012) estimate is: Inferred Resource: 16.9 Mt at 335 ppm eU3O8 for total contained uranium-oxide of 12.5 Mlb (5,670 t) at 150 ppm cut-off. Indicated Resource: 21.9 Mt at 375 ppm eU3O8 for total contained uranium-oxide of 18.1 Mlb (8
Slide 27: Appendix: Peer Group Details
Appendix: Peer Group Details (updated 6 Sept 2023) Shares Mkt Cap Grade, U3O8 EV/Mlb Code Company Price Cash EV 1 Year Mt U3O8 (t) Project EV/t U3O8 Stage Issued (M) $M ppm (Mlbs) U3O8 Source Notes --> 1 2 calc 3 calc 4 5 6 calc calc calc calc 7 For personal use only LOT Lotus Resources Ltd $0.26 1,
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