Deep Yellow Limited · ASX:DYL
Deep Yellow — Shareholder Meeting (November 2010)
49 slides from Deep Yellow's shareholder meeting presentation, Nov 18, 2010
Slide 1: Annual General Meeting of Shareholders
For personal use only Deep Yellow Limited Annual General Meeting off Sh Shareholders h ld Perth, Western Australia Perth 18 November 2010 Patrick Mutz ‐ Managing Director ASX Code: DYL www.deepyellow.com.au
Slide 2: Disclaimer - Forward Looking Statements
Disclaimer For personal use only Forward Looking Statements This presentation has been prepared by Deep Yellow Limited ((“Deep Deep Yellow Yellow”)). The information contained in this presentation is of a general nature only and does not constitute and offer to issue, or to arrange an issue, of secu
Slide 3: Overview
Overview For personal use only Company Focus and Vision Project Locations & Portfolio Summary Corporate Profile Nuclear Energy and Uranium Supply/Demand Outlook FY 2010 ‐ Year in Review Current Status JORC Resources Omahola Pre‐Feasibility Study Emerging New Projects The Next 12 Months
Slide 4: Company Focus and Vision
Company Focus and Vision For personal use only • Deep Yellow Limited (DYL) is an Australian‐ based uranium focused company with extensive operations in the southern African nation of Namibia and Australia. • DYL is i targeting becoming b a uranium i producer d in Namibia in 2013‐14 as it strives to
Slide 5: Project Locations - Africa
Project Locations ‐ Africa For personal use only NAMIBIA Exploration operations conducted by Deep Yellow’s y wholly‐owned subsidiaryy Reptile Uranium Namibia (RUN)
Slide 6: Project Locations - Namibia
Project Locations ‐ Namibia For personal use only 4,195 km2 Exploration area with substantial uranium i resources
Slide 7: Project Locations - Australia - QLD
Project Locations – Australia ‐ QLD For personal use only Queensland Mount ISA Projects 1,688 km2 Exploration area with some uranium resources
Slide 8: Project Locations - Australia - NT
Project Locations – Australia ‐ NT For personal use only Northern Territory Projects Napperby Uranium Deposit 28,180 km2 Exploration area with uranium resources
Slide 9: Corporate Profile
Corporate Profile For personal use only Shares on Issue: 1,125.8M Unlisted Options p Exercise Price Expiry p y Date 12,500,000 59.5 cents 30/11/2010 2,437,500 59.6 cents 31/12/2010 Unlisted Options: 39.8M 612 500 612,500 74 6 cents 74.6 30/06/2011 8,462,500 27.5 cents 30/06/2011 3,230,000 40.0 cents
Slide 10: Top Ten Shareholders
Top Ten Shareholders (As at 9 November 2010) For personal use only Shareholder Name Ordinary Shares Percent Paladin Energy Ltd 220 258 461 220,258,461 19 56 19.56 HSBC Custody Nominees (Aus) Ltd 142,091,530 12.62 Robert Anthony Healy 72,680,312 6.46 Dr Leon Eugene Pretorius 66,365,000 5.89 Gillian S
Slide 11: Board and Management
Board and Management For personal use only Board of Directors Mr Mervyn Greene – Chairman Investment Banking Mr Patrick Mutz – Managing Director Uranium Development/Production Mr Martin Kavanagh – Executive Director Geology Ms Gillian Swaby – Non‐Executive Director Secretarial/Finance/Accounting Mr
Slide 12: Nuclear Energy Industry
Nuclear Energy Industry For personal use only Global Nuclear Reactors 1200 Proposed P d Ordered or Planned 1000 Under Construction Operating Reactors 800 331 mber of R 600 148 970 Num 58 400 730 580 490 200 441 0 2010 2015 2020 2025 2030 Source: World Nuclear Association and DYL projection
Slide 13: Uranium Supply/Demand
Uranium Supply/Demand For personal use only
Slide 14: FY 2010 - Year in Review
FY 2010 – Year in Review For personal use only U i Uranium Price Pi Share Price Uranium Resources Significant Developments Expenditures
Slide 15: Uranium Spot Price
Uranium Spot Price For personal use only Uranium Spot Price (FY 2010) $52 $50 $48 USD/lb U3O8 $46 $44 U $42 $40 1-Jul 1-Sep 1-Nov 1-Jan 1-Mar 1-May Source: Based on publicly available information from UxC and TradeTech
Slide 16: DYL Share Price (FY 2010)
DYL Share Price (FY 2010) For personal use only FY 2010 DYL
Slide 17: Share Price - Peer Comparison
Share Price ‐ Peer Comparison For personal use only FY 2010 DYL
Slide 18: Deep Yellow Uranium Resources
Deep Yellow Uranium Resources For personal use only Uranium Resources in accordance w/JORC Code 100 Aussinanis Indicated Resources INCA & 90 Inferred Resources Tubas Red Sand unds U3O8 (million) 80 70 Mt Isa 60 50 40 30 Pou 20 10 0 94% Increase in Total Resources 16% Increase in Indicated Resources
Slide 19: Significant Developments (FY 2010) - Technical
Significant Developments (FY 2010) For personal use only TECHNICAL JORC Mineral Resource estimates completed at Mt Isa, INCA, Tubas Red Sand and Aussinanis Projects j Appointment of SNC‐Lavalin as Engineers for Omahola Project Pre‐Feasibility Pre Feasibility Study Discovery of Alaskite hosted uraniu
Slide 20: Significant Developments (FY 2010) - Corporate
Significant Developments (FY 2010) For personal use only CORPORATE New Deep Yellow Managing Director (March 2010) Adopted Ad t d formal f l strategy t t att Board B d llevell tto address dd transition from advanced exploration to producer Greater focus on expansion of JORC Resources and project feas
Slide 21: FY 2010 Expenditures
FY 2010 Expenditures For personal use only FY 2010 Actual Expenditures A$M E l ti iin N Exploration Namibia ibi 11 2 11.2 66% Exploration in Australia 5.0 30% Corporate 2.4 Interest ‐1.7 17 Total 16.9
Slide 22: Investment Metrics
Investment Metrics For personal use only FY 2010 Expenditure: A$16.9 million JORC Resources added: 40.3 million lbs U3O8 U it C Unit Costt ffor R Resources added: dd d A$0 A$0.42/lb 42/lb U3O8 – DYL Historic Unit Cost for Resources: ~A$0.70/lb U3O8 End of FY 2010 Stats: – DYL Share p price: A$0.13 $
Slide 23: Current Status
Current Status For personal use only U i Uranium Price Pi Share Price Uranium Resources Significant Developments Expenditures
Slide 24: Uranium Spot Price (FY 2011 to-date)
Uranium Spot Price For personal use only Uranium Spot Price (FY 2011 to‐date) $60 $58 $56 U3O8 $54 $52 USD/lb $50 $48 U $46 $44 $42 $ $40 1-Jul 1-Aug 1-Sep 1-Oct 1-Nov Source: Based on publicly available information from UxC and TradeTech
Slide 25: DYL Share Price (6 month)
DYL Share Price (6 month) For personal use only
Slide 26: DYL Total Current Uranium Resources
DYL Total Current Uranium Resources For personal use only
Slide 27: DYL Total Current Uranium Resources
DYL Total Current Uranium Resources For personal use only
Slide 28: DYL Current High-Grade Resources
DYL Current High‐Grade Resources For personal use only
Slide 29: DYL Current High-Grade Resources
DYL Current High‐Grade Resources For personal use only Anticipated i i d additions ddi i to hi high‐grade h d resources: INCA (including INCA‐Type) Ongolo Alaskite Tumas Zone 3 (currently Exploration Target Range)
Slide 30: Uranium Grade; How important?
Uranium Grade; How important? For personal use only Uranium Grades in Namibia 600 500 ppm U3O8 400 300 p 200 100 Rossing DYL EXT LHU (High-Grade Subset)
Slide 31: Omahola Project
Omahola Project For personal use only The Omahola Project is the subject of a Pre‐Feasibility St d (PFS) being Study b i conducted d t d byb SNC Lavalin L li – Johannesburg J h b Project uranium resources currently from two deposits: INCA deposit – unique uranium and magnetite mineralisation Tubas R
Slide 32: Omahola Project - INCA Deposit
Omahola Project – INCA Deposit For personal use only INCA deposit Unique uranium and magnetite mineralisation Shallow mineralisation from ~20 metres depth Initial JORC Resource estimate 15.0 M tonnes at 405 ppm eU U3O8 containing t i i 13.4 13 4 M lbs lb eU U3O8 att 250 ppm cut‐off t ff grade d (60%
Slide 33: New Geophysical Model for INCA
New Geophysical Model for INCA For personal use only Total Magnetic Intensity (TMI) reduced to pole Tilt Angle Derivative aeromagnetic image with highest magnetic intensity in white
Slide 34: New Geophysical Model for INCA
New Geophysical Model for INCA For personal use only ASX announcement 17 November 2010 New INCA‐Type targets identified (IT‐1 thru IT‐10) IT‐3 IT 3 was first target to be reconnaissance drill tested Drillhole INCR388 at IT‐3 intersected 11 metres at 1,064 ppm eU3O8 from 84 metres INCA South Prospect
Slide 35: Omahola Project - TRS Deposit
Omahola Project – TRS Deposit For personal use only Tubas Red Sand (TRS) deposit Subsurface red sand with uranium mineralisation Initial JORC Resource 13.8 M tonnes at 160 ppm eU3O8 containingg 4.9 M lbs eU3O8 at 100 pp ppm cut‐off ggrade From surface to ~13 metres depth Accumulated sand deposit a
Slide 36: Omahola Project - PFS
Omahola Project ‐ PFS For personal use only Pre‐Feasibility Pre Feasibility Study (PFS) Study launched in March 2010 SNC‐Lavalin lead engineering consultant and Study Manager Metallurgical testwork by Mintek – Johannesburg Draft PFS anticipated in December 2010 Draft Environmental Reports anticipate
Slide 37: Omahola Project - Development
Omahola Project – Development For personal use only Forward Looking Targets for Project Development PFS March‐December 2010 Definitive Feasibility Study (DFS); ( ) targeting 2011** Environmental approvals pp and licensing; g; targeting g g 2011‐2012* Project development and construction; targeting 2
Slide 38: Emerging New Projects in Namibia
Emerging New Projects in Namibia For personal use only Ongolo Alaskite Project Discovery off high‐grade hi h d (400+ ( ppm cU3O8 ) alaskite l k hosted h d uranium mineralisation announced April 2010 Interpreted mineralised zone now up to 2 kilometres in strike length with 500‐600 ppm cU3O8 on Re
Slide 39: New Projects - Ongolo Alaskite
New Projects – Ongolo Alaskite For personal use only Regional aeromagnetic image with Tubas Alaskite Prospect relative to known uranium mineralisation
Slide 40: New Projects - Ongolo Alaskite
New Projects – Ongolo Alaskite For personal use only
Slide 41: New Projects - Shiyela Iron Project
New Projects – Shiyela Iron Project For personal use only Total Magnetic Intensity (TMI) Image from RUN aeromagnetic survey – showing regional extent of interpreted ‘hi h magnetic ‘high ti tterrain’ i ’ ((red) d) within ithi EPL 3496
Slide 42: New Projects - Shiyela Iron Project
New Projects – Shiyela Iron Project For personal use only Total Magnetic Intensity (TMI) Image from RUN aeromagnetic survey - showing regional extent of interpreted ‘high magnetic terrain’ (red) within EPL 3496
Slide 43: The Next 12 Months
The Next 12 Months For personal use only Continue to expand JORC Mineral Resources base Complete PFS on Omahola; embark on DFS Consideration of Scoping p g Studyy or PFS on Tubas‐Tumas palaeochannel high‐grade resource subset Advance drillingg on emerging g g new p projects j Preliminary Mineral R
Slide 44: Contact Details
Contact Details For personal use only Patrick Mutz Managing Director Deep Yellow Limited Level 1, 1 329 Hay Street Subiaco, Western Australia 6008 T +61 8 9286 6999 F +61 8 9286 6969 EEmail: il info@deepyellow.com.au i f @d ll Website: www.deepyellow.com.au
Slide 45: JORC Compliance Statements
JORC Compliance Statements For personal use only INCA and Tubas Red Sand deposits The information in this report that relates to the Mineral Resource for the INCA and Tubas Red Sand deposits is based on information compiled by Mr Mike Hall, Hall who is a Member of The Australasian Institute of Minin
Slide 46: JORC Compliance Statements
JORC Compliance Statements For personal use only Aussinanis and Tumas deposits The information in this report that relates Mineral Resource estimation for Aussinanis and Tumas is based on work completed by Mr Jonathon Abbott who is a full time employee of Hellman and Schofield Pty Ltd and a Member o
Slide 47: JORC Compliance Statements
JORC Compliance Statements For personal use only Tubas deposit The information in this report that relates Mineral Resource estimation for Tubas is based on work completed by Mr Willem H.H Kotzé Pr. Pr Sci. Sci Nat MSAIMM. MSAIMM Mr Kotzé who is a full time employee of Hellman and Schofield Pty Ltd
Slide 48: JORC Compliance Statements
JORC Compliance Statements For personal use only Mount Isa Projects The information in this report that relates to Mineral Resource estimation for the Mount Isa Projects is based on work compiled by Mr Neil Inwood, Inwood a Member of the Australasian Institute of Mining and Metallurgy. Metallurgy Mr
Slide 49: JORC Compliance Statements
JORC Compliance Statements For personal use only Napperby Project The information in this report that relates to Mineral Resource estimation for the Napperby Project is based on information compiled by Mr Daniel Guibal who is a Fellow (CP) of the Australasian Institute of Mining and Metallurgy. Mr G