Peninsula Energy Limited · ASX:PEN
Peninsula Energy — NobleCon18 - Noble Capital Markets' Eighteenth Annual Investor Conference (April 2022)
24 slides from Peninsula Energy's conference presentation, Apr 20, 2022
Slide 1: Presentation at NobleCon18 (ASX announcement)
ASX ANNOUNCEMENT (ASX:PEN) 20 April 2022 Companies Announcement Office Via Electronic Lodgement For personal use only PRESENTATION AT NOBLECON18 Peninsula Energy Limited (“Peninsula” or the “Company”) (ASX: PEN, OTCQB: PENMF) is pleased to announce that Managing Director/CEO Mr Wayne Heili, will pre
Slide 2: About Peninsula Energy Limited
ABOUT PENINSULA ENERGY LIMITED Peninsula Energy Limited (PEN) is an ASX listed uranium mining company which commenced in-situ recovery operations in 2015 at its 100% owned Lance Projects in Wyoming, USA operated by Strata Energy Inc, a wholly owned subsidiary of Peninsula. Peninsula is embarking on
Slide 3: Peninsula Energy: An Advanced Stage Uranium Developer
For personal use only PENINSUL A ENER GY AN A DVANCED STAGE UR ANIUM DEV ELOPER NOB LECON18 2 0 A p r i l 2 022 PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 1 INVESTOR PRESENTATION
Slide 4: Disclaimer & Competent Person
D i s cl a i m e r & Co m p et e nt P e r s o n For personal use only This Presentation contains summary information about the current activities of the Company as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete. This
Slide 5: Cautionary & Inferred Resources Notice
Ca u t i o n a r y & In fe r re d R e s o u rc e s N o t i c e For personal use only 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
Slide 6: For personal use only
For personal use only • Led by a well-credentialled team, Peninsula is aggressively advancing its long-life Lance Uranium ISR Project towards a production restart decision • Efficiently and successfully de-risked Lance with eye to Final Investment Decision (FID) in CY2022 • Lance is perfectly positi
Slide 7: Corporate Overview
Co rp o ra t e O v e r v i e w For personal use only 997m A$0.28 A$279m Nil US$9.3m US$19.8m U3O8 Inventory Shares on issue Share Price Market Term Debt Cash (as of 31 Dec 21) (14 April 2022) Capitalisation (as of 31 Dec 21) (@ US$63.75/lb) US$0.196/sh US$196m OTCQB:PENMF OTCQB:PENMF Board of Direct
Slide 8: Dynamic & Evolving Uranium Market
D y n a mi c & Ev o l v i n g Ura ni u m Ma rk et For personal use only • Spot uranium price reset. Currently US$63.75/pound ➢ Key developments include • Russia/Ukraine war driving a shift toward an independent Western Fuel Cycle • By law or by choice, Western entities are distancing from Russian ex
Slide 9: Uranium & Nuclear in the United States
UR A NIUM & NU CLE A R IN T HE UNIT ED STAT ES For personal use only “Nuclear power provides 52% of US Government is increasing funding to support America’s clean energy. advanced nuclear power projects and the nuclear Because nuclear power plants fuel industry operate at full capacity more than 92%
Slide 10: Lance Uranium In-Situ Recovery (ISR) Project, Wyoming, USA
For personal use only L A N CE UR A NIUM IN - SIT U R EC OV ER Y ( ISR ) PR OJECT W YOMING , US A PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 8 INVESTOR PRESENTATION
Slide 11: A Modern, Large Scale and Long-Life Asset
A M o d e r n , La rg e S c a l e a n d Lo n g - Li fe A s s et For personal use only • Lance is one of the largest US uranium projects in size and scale • 53.6M lbs U3O8 JORC (2012) compliant resource base1 • Licensed to produce up to 3M lbs U3O8 per annum • Current (Stage-1) plant capacity of 1.15
Slide 12: Applying Industry-Leading Low pH ISR Process
A p p ly i n g In d u s t r y - Le a di n g Lo w p H ISR P ro c e s s For personal use only Low pH ISR is the • Over 50% of global uranium produced in 2020 was via low pH ISR leading method of • All of the lowest quartile cash cost uranium mines uranium production • Lance is the only US-based uraniu
Slide 13: Completion of MU1A Field Demonstration
Co m p l et i o n of MU1A Fi e l d D e m o n s t ra t i o n For personal use only • MU1A Field Demonstration was a thorough study to ensure transition to low-pH is successful • All key objectives of demonstration were achieved • Demonstrated effectiveness of low-pH chemistry and targeted field patte
Slide 14: Aggressively Advancing Lance Ahead of FID
A g g re s s i v e ly A d va n ci n g L A N CE A h e a d of FID For personal use only 2022 is shaping to be a pivotal year for the Company, with key activities being advanced ahead of FID • Updated Lance Projects Feasibility Study is progressing for 3Q2022 release • Study will build on the 2018 Lanc
Slide 15: A Well-Defined Pathway to Production
A We ll - D ef i n e d Pa t h wa y t o P ro d u c t i o n For personal use only • INSTALL TRANSITION 6 MONTHS FACILITIES • URANIUM PRODUCTION (OLD FIELD AREAS) • DEVELOPMENT OF NEW AREAS TECHNICAL EVALUATE FOR FID* OPTIMISATION PROJECT > 12 MONTHS PRODUCTION ACTIVITIES ECONOMICS & STUDY & FUNDING UP
Slide 16: Sales, Marketing and Inventory
For personal use only S A LES , M A R K ETIN G A ND IN V EN TO R Y PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 14 INVESTOR PRESENTATION
Slide 17: Uranium Sales Contract Book
Ura ni u m S a l e s Co nt ra c t B o o k For personal use only “A Key Differentiator” A Junior Uranium Company with long-term sales contracts extending to 2030 Current contracts in place for up to 5.0M lbs at US$53-$55/lb U3O8, with major utilities in both the United States and Europe • 3.65Mlbs fi
Slide 18: Strategic Physical Uranium Inventory
St ra t e gi c P h y s i c a l Ura ni u m In v e nt o r y For personal use only • Uncommitted physical inventory of 310,000 pounds of uranium concentrate as at 31-Dec-2021 • Now valued at US$19.8 million (US$63.75 per pound) • 300,000 pounds of uranium concentrate acquired for US$31.35 per pound in
Slide 19: A Compelling Uranium Proposition
For personal use only A C O MPELLIN G UR A NIUM PR O P OSITIO N PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 17 INVESTOR PRESENTATION
Slide 20: Upcoming Workstreams and Catalysts
Up c o mi n g Wo rk s t re a m s a n d Ca t a ly s t s For personal use only Updated economic evaluations for Lance Deliverables from US$3.4M early preparatory works program Preparations and FID for restart of Lance Project Amendments to existing permits and licenses Financing and sales contracting
Slide 21: A Transformative Months Ahead
A Tra n s fo r m a t i v e 12 M o nt h s A h e a d For personal use only Low capex Lance is the only US- Led by a well requirement and based uranium project credentialled technical short timeframe for authorised to use and commercial team production re-start at industry leading low Lance Project pH
Slide 22: The Peninsula Advantage
T h e P e n i n s u l a A d va n t a g e For personal use only Idled US uranium producers and developers with sufficiently de-risked assets may have a unique opportunity to capture emerging US demand in a Western-focused nuclear fuel market Most uranium developers remain years away from achieving ac
Slide 23: Contact Details
For personal use only Co nt a c t D et a il s REGISTERED OFFICE Suite 22, 44 Kings Park Road West Perth, Western Australia 6005 Australia Phone: +61 8 6263 4461 www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO +1 (307) 467-9401 21
Slide 24: Appendix – Resources
A p p e n di x 1 – R e s o u rc e s For personal use only Lance Projects Resource Estimate as at 31 December 20201 Tonnes Grade (ppm Classification U3O8 (kg) U3O8 (lbs) (million) U3O8) Measured 3.4 1.7 489 3.7 Indicated 11.1 5.5 496 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.4 480 53.6 1) JORC T