D3 Energy Limited · ASX:D3E
D3 Energy — Investor Presentation (May 2023)
26 slides from D3 Energy's investor presentation, May 17, 2023
Slide 1: D3 Energy Limited
D3 Energy Limited May 2023 d3energy.com.au
Slide 2: Disclaimer
D3 Energy Limited This document provides summary information about D3 Energy Limited (ACN 649 276 808) (D3 Energy or the Company) current as at the date of this presentation. This document has been prepared for information purposes only The information contained in this document is of general backgr
Slide 3: D3 Energy Overview
D3 Energy Overview d3energy.com.au | 3
Slide 4: D3 Energy Limited – Why D3 Energy?
D3 Energy Limited • Why D3 Energy? • “D3” First evidence of Helium was obtained in August 1868 when French Astronomer, Jules Jansen observed a solar eclipse through a prism, where he noticed a bright yellow spectral line emanating from the chromosphere of the sun – at the time this was thought to be
Slide 5: D3 Energy Limited portfolio overview
D3 Energy Limited • D3 Energy was established in 2021 for the purpose of acquiring and listing on the ASX a portfolio of highly prospective African natural gas and helium assets. The portfolio now contains: • The Henenman Exploration Right (ER315) onshore South Africa • TCP application for an area a
Slide 6: Helium uses
Helium uses d3energy.com.au | 6
Slide 7: Helium uses
Helium uses • Key uses of helium include: • Magnetic Resonance Imaging (MRI) • Superconductor Cooling • Welding • Lifting • Purging • Laboratory use • Car airbag activation Demand constituents for helium 20% 15% 10% 5% 0% 1 MRI Welding Other Laboratory Lifting Balloons Fiber Optics Purging leak dete
Slide 8: Global Helium supply and demand
Global Helium supply and demand • Classic case of increasing demand and diminishing supply • Demand growth since 2016 has been at 3% and is expected to continue, with demand for MRI’s, electronics, space agencies on an upward trend • Supply has been reducing with the US Bureau of Land Management (BL
Slide 9: Helium pricing
Helium pricing • There has been a significant and continued increase in helium pricing over the last 10 to 15 years • The last US Government auction in 2018 saw prices at US$280 per mcf • Some reports indicate that private helium sales have been in the vicinity of US$1000 per mcf Source: Macro View
Slide 10: South Africa – a significant gas and helium opportunity
South Africa – a significant gas and helium opportunity d3energy.com.au | 10
Slide 11: South Africa – Natural Gas and Helium
South Africa – Natural Gas and Helium • Through its acquisition of Motuoane Energy, D3 Energy holds a 100% interest in ER315 covering ~140k Ha • D3 Energy project is adjacent to the Renergen Production Right, which was the first Production Right of this kind to be issued in South Africa • The Motuoa
Slide 12: Success story right next door
Success story right next door • Since its listing on ASX in June 2019, Renergen (ASX:RLT) has demonstrated the value potential for natural gas and helium projects in the region • RLT has a current market cap of ~A$200 million • March ‘22 Buy in to Virginia Gas Project by CEF – A$90mm for 10% interes
Slide 13: Recent exploration activity
Recent exploration activity Over the last 12 months,D3 Energy has: • Identified all gas emitting boreholes within ER315 and installed wellheads • Conducted Geophysical logging of wells – providing information regarding source and subsurface transport of gas • Collected flow rate and pressure data fr
Slide 14: “Blower” well sampling continues to excite
“Blower” well sampling continues to excite Gas composition sampled at up to 9% Helium – consistent with results published by Renergen 6% He 6% He 6.7% He WILDSKAMP 1 WELL 9% He d3energy.com.au | 14
Slide 15: “Blower” well sampling continues to excite
“Blower” well sampling continues to excite • Nearby gold project drilled 41 boreholes – all encountered gas 6.1% He Activity on an identified ‘blower’ well Strong Helium and excellent methane d3energy.com.au | 15
Slide 16: Independently Certified Resource – ER315
Independently Certified Resource – ER315 • D3 Energy engaged Sproule to review and independently certify both a Prospective Resource and Contingent Resource for ER315 • Sproule have undertaken the Reserve and Resource reporting for Renergen’s Virginia Gas Project • Initial exploration work undertake
Slide 17: It’s not just Helium…and South Africa needs it
It’s not just Helium…and South Africa needs it • ER315 is in close proximity to the Welkom Gas Field area, and has significant prospectivity for: • deep basin biogenic gas (methane) • coal seam methane • conventional sandstone reservoirs • South Africa currently imports gas via pipeline from the Pan
Slide 18: NOVO Energy
NOVO Energy – www.novoenergy.co.za • NOVO Energy (NOVO) is an integrated energy and technology company and licensed gas trader and key D3 Energy shareholder . NOVO has a focus on: • Procurement and development of methane rich gas sources • Establishment and ownership of gas infrastructure (CNG/LNG/P
Slide 19: Tanzania – exploration in a working helium system
Tanzania – exploration in a working helium system d3energy.com.au | 19
Slide 20: Tanzania
Tanzania • Tanzania has a unique helium system – highly prospective with exploration just getting going • Helium seeps to surface in the Rukwa Basin (>10% He) • Tanzania a stable African jurisdiction with significant foreign investment in the resources sector and major projects underway in resources
Slide 21: Tanzania – Geology and Helium Potential
Tanzania – Geology and Helium Potential • The helium exploration Prospecting Licences are situated in the southern Rukwa Basin. The Rukwa Basin occupies a 300km-long rift segment of the East African Rift System, located between Lake Tanganyika and Lake Nyasa (Malawi) in southwest Tanzania. • All lea
Slide 22: Tanzania – exploration plan
Tanzania – exploration plan • Acquisition, reprocessing and interpretation of legacy Amoco seismic and well data – may be acquired from TPDC • Fly airborne gravity gradient and magnetics – augment the interpretation of existing 2D seismic • Design and submit for approval an environmental and social
Slide 23: Tanzania – acquisition background
Tanzania – acquisition background • D3 Energy to acquire 100% interest in 3 Prospecting Licences: • PL 12092/2022 (area of approximately 67.63km2) • PL 12093/2022 (area of approximately 147.26km2) • PL 12094/2022 (area of approximately 67.66km2) • Share sale agreement to acquire Kidunda (TZ) holder
Slide 24: D3 Energy team
D3 Energy team Board & Key Personnel Greg Columbus Greg has over 30 years business experience in delivering large complex Oil & Gas projects. He has along the course of his career developed a reputation for strong strategic vision and has been involved in numerous M&A activities. He is currently a D
Slide 25: Risk Factors
Risk Factors Potential investors should be aware that subscribing for shares in D3 Energy involves a number of risks. Some of the more significant risks which impact on an investment in D3 Energy are set out below. The risk factors set out below are not exhaustive • Listing Risk – there are a range
Slide 26: d3energy.com.au
d3energy.com.au Matt Worner David Casey Geoff Barnes John Clarkson +61 429 522 924 +61 419 685 739 +61 408 125 572 +61 416 251 215 matt@d3energy.com.au david@d3energy.com.au geoff.barnes@pelotoncapital.com.au john@originatecapital.com.au