Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Investor Presentation (November 2007)
21 slides from Bannerman Energy's investor presentation, Nov 13, 2007
Slide 1: A Developing International Uranium Producer
For personal use only A Developing International Uranium Producer November 2007 Level 2 22 Oxford Close, West Leederville, Western Australia Ph: +61 (0)8 9381 1436 Email: admin@bannermanresources.com.au PO Box 1681 West Perth, Western Australia, 6872 Fax: +61 (0)8 9381 1068 Web: www.bannermanresourc
Slide 2: Disclaimer
DISCLAIMER For personal use only NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES This presentation includes certain statements that may be deemed to be “forward looking statements”. All statements that refer to any future production, resources or reserves, ex
Slide 3: Summary
SUMMARY For personal use only SCOPING STUDY • 15 Mt pa Mining and Milling Operation • Target production: 2,900t to 4,000t pa U3O8 (6.5 – 8.8Mlbs) • Operating Costs: US$25.97 to US$28.72 per lb • Capital Costs: <US$400M • Low Risk, conventional acid leach processing analogous to Rössing RESOURCE GROW
Slide 4: Bannerman Resources Limited
BANNERMAN RESOURCES LIMITED For personal use only ASX 300 listed company developing world class uranium project Located in Namibia, Southern Africa Highly active uranium province Rössing mine: RIO TINTO (65%) – operating for >30 years Langer Heinrich mine: PALADIN RESOURCES Ltd. Trekkopje Deposit: U
Slide 5: Management / Capital Structure
MANAGEMENT / CAPITAL STRUCTURE For personal use only Alastair Clayton Non-Executive Chairman Peter Batten Managing Director Clive Jones Non-executive Director Nathan McMahon Non-executive Director Class Shares % Escrowed TOTAL 127.6 M 100% - Options Number Exercise Price Exercise Date Directors / Ve
Slide 6: The Uranium Market
The URANIUM MARKET For personal use only 442 Reactors Currently Operating Producing 16% of the worlds electricity in 31 countries 28 Reactors under construction & 332 Reactors planned or proposed 41,600t U: Annual production versus Current Reactor Demand 66,500t U: Annual reactor demand France 17% J
Slide 7: Namibian Projects
NAMIBIAN Projects For personal use only Two highly prospective projects: Goanikontes & Swakop River Goanikontes Along strike of the Rössing U mine Primary alaskite hosted U mineralisation Swakop River Surrounds Langer Heinrich U mine. Calcrete hosted U mineralisation World class uranium province
Slide 8: Mining and Milling Operation
SCOPING STUDY For personal use only 15 Mt pa Mining and Milling Operation Target production: 2,900t to 4,000t pa U3O8 (6.5 – 8.9Mlbs) Operating Costs: US$25.97 to US$28.72 per lb Capital Costs: <US$400M Low Risk, conventional acid leach processing analogous to Rössing. Modular Plant Design allows fo
Slide 9: Consultants
SCOPING STUDY - Consultants For personal use only Study conducted by IMO (Independent Metallurgical Operations) & Coffey Mining (formerly RSG Global) IMO utilised the services of industry recognised engineers: Mr David Lunt; Process Engineer. Has previously worked on feasibility & design of Langer H
Slide 10: Base Parameters
SCOPING STUDY - Base Parameters For personal use only Study utilised existing Interim Resource of 55Mt @ 219ppm U3O8 (27Mlbs) Coffey Mining extrapolated this to 350m depth and 2.3km strike Optimisation then performed using US$45 /lb price and IMO process costs IMO recommended final plant to be scale
Slide 11: Mining & Processing
SCOPING STUDY - Mining & Processing For personal use only Contract mining via open pit, drill and blast followed by load and haul Mining costs of around US$12/lb. Waste to ore strip ratio of 1.5 - 2.0 to 1 achievable Two processing options investigated - HPGR Circuit: dry comminution, P80 size 1.3mm
Slide 12: Processing Options
SCOPING STUDY - Processing Options For personal use only Design incorporates: crushing, grinding, acid leaching, solvent extraction, precipitation & calcination producing U3O8 ‘yellowcake‘ product Conventional acid leach supported by mineralogical and metallurgical testwork. Excellent recoveries ~90
Slide 13: Costs
SCOPING STUDY - Costs For personal use only Capital and Operating Costs provided to an accuracy of +/-30% Capital costs include; plant, infrastructure, EPCM, commissioning etc… Operating costs include; labour, power, reagents, maintenance & admin. CAPITAL COSTS OPERATING COSTS HPGR Cost SAG/Ball Cos
Slide 14: Enhancements
SCOPING STUDY - Enhancements For personal use only Several processing, operating and infrastructure options have the potential to enhance the economics of the project: Radiometric Sorting Can potentially reduce the mass flow through the circuit by ~23%. ~23%. Flow on benefits include; reduction in a
Slide 15: Infrastructure
SCOPING STUDY - Infrastructure For personal use only Excellent location close to major port, roads, labour, rail and other mines Located just 30 km east of the coastal town of Swakopmund and 40km 40km northeast of the major seaport of Walvis Bay, Namibia. Rö Rössing and Langer Heinrich uranium mines
Slide 16: Goanikontes Timetable
GOANIKONTES TIMETABLE For personal use only 2006 2007 2008 2009 2010 2011 Licences Granted EPA Approvals …Rapidly progressing Res. Drilling (Anomaly ‘A’) towards production Th Interim Res. ‘A’ e Ai m Scoping … Study TSX Listing To become a Top 10 World Expand Exploration Producer Resource ‘A’ Resour
Slide 17: Resource Comparison
Resource Comparison For personal use only PROJECT OWNER U3O8 Namibian Resources (tonnes U3O8) MINES Mlbs Tonnes Olympic Dam BHPB 3,500 1,600,00 Ranger ERA 207 94,122 ROSSING Resc. 135,000t Resv. 37,000t Beverley Heathgate/Alliance 46.2 21,000 RESOURCES (Australian) VALENCIA Resc. 28,200t Resv. Jabil
Slide 18: Anomaly A Recent Drilling
ANOMALY A Recent Drilling For personal use only Better grades and widths occur below base of current resource model: eg; 148m @ 225 ppm U3O8 144m @ 223 ppm U3O8 41m @ 570 ppm U3O8 Recent drilling extends deposit from 1.5km to 2.3km (53% strike increase) Drilling is designed to test the alaskites to
Slide 19: Exploration Upside
EXPLORATION UPSIDE For personal use only Interim resource estimate of 27M lbs U3O8 in top 80m only at Anomaly A 20 kilometres SW of Rössing e m Do g ur gb Over 37km of priority alaskite n si s Ro stratigraphy to be explored Numerous large outcropping ’hot’ alaskites within project e om A target of 1
Slide 20: Target Exploration Expansion
TARGET Exploration Expansion A LOT TO DO…. For personal use only ‘Ombuga’ 2 x 2km long each Target ??M lbs U3O8 Rossingburg ’13’ e m Rio 57.2m @ 230 ppm Do g Target ??M lbs U3O8 ur ngb si s Ro ‘Ombepo’ 2km long, ~100m wide Target ??M lbs U3O8 ‘Onkelo & Oshiveli’ 2 Bodies; 1.2 & 3km long, ~100m wide
Slide 21: Summary
SUMMARY For personal use only World class resource in a world class province Rossing mine (Rio Tinto), Langer mine (Paladin), Trekkopje (Areva/Uramin) Extremely robust project economics Opex~US$29/lb, capex cost <US$400M short term payback Independent democratic African nation Rated as 2nd best coun
Bannerman Resources — Investor Presentation (November 2007) on 6ix