Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Q4 2019 Earnings Presentation
20 slides from Peninsula Energy's earnings presentation, Feb 10, 2020
Slide 1: Quarterly Results Webcast Presentation announcement cover letter
For personal use only 10 February 2020 Companies Announcement Office Via Electronic Lodgement PENINSULA ENERGY LIMITED QUARTERLY RESULTS WEBCAST PRESENTATION Peninsula Energy Limited (Peninsula) advises that it held an investor update webcast on 6 February 2020 including the attached presentation to
Slide 2: U.S. Uranium Investment Opportunity - December 2019 Quarter Webcast
For personal use only ASX Listed - U.S. Uranium Investment Opportunity December 2019 Quarter Webcast | 6 February 2020 CODE : PEN
Slide 3: Disclaimer & Competent Person
Disclaimer & Competent Person For personal use only This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing containe
Slide 4: Agenda and Investment Highlights
AGENDA For personal use only Strengthening the Balance Sheet Corporate Overview Lance Update The Uranium Market Catalysts Peninsula’s Sales Portfolio Investment Highlights Flagship asset: Lance Projects in-situ recovery uranium mine in Wyoming, USA Use of nuclear power continues to increase in a wor
Slide 5: Strengthening the Balance Sheet
Strengthening the Balance Sheet For personal use only 4Q19 A$7.0 M secured through placement Placement 42.4M Shares placed at A$0.165/share Entitlement A$0.94M acceptances of A$2.1M Entitlement Offer Offer 7.0M remaining shortfall Shares may be placed at BOD discretion Binding Reduce debt through pl
Slide 6: Corporate Overview
Corporate Overview For personal use only Capital Structure Share Price & Volume History Ticker: ASX:PEN Shares on issue* 301m Price (A$/share) Volume (m) Share price (3-Feb-20) A$0.155 0.35 10.0 9.5 Market capitalisation (3-Feb-20) A$47m 0.30 9.0 8.5 8.0 Enterprise Value (3-Feb-20) A$64m 7.5 0.25 7.
Slide 7: Debt Reduction Terms Binding
Debt Reduction Terms Binding For personal use only Agreement reached with Lenders1 Debt Proceeds from uranium contract monetisation, when Reduction completed, of ~US$10-11m to be applied to reduce debt Revised maturity date of 22 April 2021 if monetisation Term & complete by 30 Apr 2020 (31 Oct 2020
Slide 8: Project Updates | Lance
For personal use only Project Updates │ Lance PENINSULA ENERGY LIMITED 7
Slide 9: Lance Project – Production Ready Asset
Lance Project – Production Ready Asset For personal use only Lance is the only uranium recovery project located in the US Exceptional authorised to use the industry leading low pH method Asset Lance holds the largest defined uranium resource of any recently producing project in the United States Lan
Slide 10: Low pH Transition at Lance
Low pH Transition at Lance For personal use only Regulatory Benchmarks Completed major amendments for low pH ISR Received authorisation for low pH ISR operations in existing mine units Low pH Technical De-risking & Optimisation Activities Preparing for new low pH field demonstration in fresh m
Slide 11: Proposed New Low pH Field Demonstration
Proposed New Low pH Field Demonstration For personal use only Proposed new field demonstration in southern portion of Mine Unit 1 Further de-risk low pH transition by trialling low pH in a small area not previously subjected to alkaline solutions Validate and/or enhance parameters used in Sept 2018
Slide 12: Low pH Implementation Plan
Low pH Implementation Plan For personal use only Field Demonstration of Mining and Initial Restoration Phase 1 Complete Commercial use of low pH in MU’s 1 & 2 Phase 2 Authorised Field groundwater restoration demonstration Phase 3 Interim Restoration Report (IRR) submitted for WDEQ approv
Slide 13: The Uranium Market
For personal use only The Uranium Market 300 250 mlbs/yr U3O8 200 150 100 50 0 2019E 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E 2031E 2032E 2033E 2034E 2035E 2018 Secondary Supplies Existing Mines Forecast New Mines Total Demand PENINSULA ENERGY LIMITED 12 Source: UxC
Slide 14: Triggers for Uranium Price Improvement
Triggers for Uranium Price Improvement For personal use only Utility buyers seeking regulatory certainty in the US Sanctions, waivers, tariffs, Russian Suspension Agreement, NFWG, etc. 270 US & EU Utilities Inventory Holdings (U3O8 equiv) 250 Utility inventories moving toward 230 minimum levels Mill
Slide 15: US Nuclear Fuel Working Group (NFWG)
US Nuclear Fuel Working Group (NFWG) For personal use only What has transpired to date President Trump established the working group in July 2019 Working group delivered their report to the White House in October 2019 No official pronouncements have been made by the White House yet What is the
Slide 16: Sales Contract Portfolio (Pre-monetisation)
Sales Contract Portfolio (Pre-monetisation) For personal use only Five sales agreements with major utilities Weighted sales price between US$51-53/lb U3O8 Contract portfolio carries through year 2030 Up to 6.2 million pounds U3O8 remaining under contract 4.2 million lbs U3O8 committed deliveri
Slide 17: Conclusion
Conclusion Conclusion For personal use only PENINSULA ENERGY LIMITED 16
Slide 18: Take-Away Points
Take-Away Points For personal use only U.S. Peninsula is well positioned to benefit from U.S. Government Domestic initiatives Producer The only low pH uranium ISR project in the U.S. Long Life Lance has the largest defined ISR uranium resource in the US Project with clear visibility and short timeli
Slide 19: Contact Details
For personal use only Contact Details REGISTERED OFFICE Unit 32/33, Level 3, 22 Railway Road Subiaco, Western Australia 6008 Australia www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director +61 8 9380 9920 David Coyne Finance Director / CFO +61 8 9380 9920 PENINSULA ENERGY
Slide 20: Appendix – Resources & Competent Person Statement
Appendix 1 – Resources & Competent Person Statement For personal use only Lance Projects Resource Estimate as at 31 December 2018 Tonnes Classification U3O8(kg) Grade (ppm U3O8) U3O8(lbs) (million) Measured 3.4 1.7 487 3.7 Indicated 11.1 5.5 495 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.4 479 5