Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Investor Presentation (February 2008)
22 slides from Bannerman Energy's investor presentation, Feb 14, 2008
Slide 1: Corporate Presentation
For personal use only Corporate Presentation February, 2008 Developing the world’s largest new generation uranium mine
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: An emerging uranium producer
Bannerman Resources Limited For personal use only An emerging uranium producer • Feasibility study for the Goanikontes Project to commence in 2008 • Operations expected to be in commission by late 2011 • Uranium Supply – Demand gap set to peak around 2010 to 2013 Low cost uranium production using pr
Slide 4: Capital Structure
Capital Structure as at February 11, 2008 For personal use only Issued & Outstanding Shares 134.4 million Listed on ASX:BMN A$2.40 Listed on TSX: BAN C$2.05 Options: Management & Directors 19.7 million Fully Diluted Shares 154.8 million Market Capitalisation A$370 million Working Capital A$5 million
Slide 5: Management & Board
Management & Board For personal use only Alastair Clayton, Non-executive Chairman • Experience in the mining sector bringing financial, technical and corporate depth • Operates UK based mining finance consultancy Peter Batten, Managing Director • 25 years’ experience, as a principal consulting geolo
Slide 6: Namibian Projects
Namibian Projects For personal use only Located in Namibia. Politically stable country with a long history of resource development & mining 80% of two highly prospective projects: Goanikontes & Swakop River Goanikontes • Along strike of the Rössing U mine • Primary alaskite hosted U mineralisation S
Slide 7: Goanikontes Project
Goanikontes Project For personal use only Immediately adjacent to the Rössing mine project Licence in excess of 500km2 e om rgD Historical exploration identified extensive areas bu ing ss of uranium mineralisation Ro Alaskite hosted mineralisation as at Rössing Initial area targeted a 7 kilometre st
Slide 8: Anomaly A
ANOMALY A Economic Discovery For personal use only Large expanding resource Similar to Rössing – currently the world’s largest open cut uranium mine producing 7.5% of world supply Scoping study shows robust economics Bankable Feasibility to commence in 2008 Plans to construct the world’s largest new
Slide 9: Updated Resource Estimate
Updated Resource Estimate For personal use only Indicated Resources Inferred Resources Low Cut Tonnes Grade Metal (U3O8) Low Cut Tonnes Grade Metal (U3O8) (U3O8 ppm) (t) (ppm) (t) (1,000 lbs) (U3O8 ppm) (t) (ppm) (t) (1,000 lbs) 100 25,000,000 234 5,853 12,900,000 100 136,400,000 197 26,906 59,300,0
Slide 10: Scoping Study – Base Parameters
Scoping Study – Base Parameters For personal use only Study utilised previous 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 scaled
Slide 11: Scoping Study
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) US$22.79 to US$25.73 per lb Capital Costs: ~US$430M (HPGR option) Low Risk, conventional, proven acid leach processing analogous to Rössing Modular Plant Design allow
Slide 12: Scoping Study – 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: Scoping Study – 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 to Project Economics
Enhancements to Project Economics For personal use only Several processing, operating and infrastructure options have the potential to improve the economics of the project: • Radiometric Sorting Can potentially reduce the mass flow through the circuit by ~23%. Flow on benefits include; reduction in
Slide 15: Scoping Study – 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 northeast of the major seaport of Walvis Bay, Namibia. • Rössing and Langer Heinrich uranium mines in
Slide 16: Goanikontes Timetable
Goanikontes Timetable For personal use only 2006 2007 2008 2009 2010 2011 Licences Granted EPA Approvals …Rapidly progressing towards production Res. Drilling (Anomaly ‘A’) Th Interim Res. ‘A’ ‘A’ Res. upgrade eA im … Scoping Study TSX Listing To become a Top 10 World Expand Exploration Producer Res
Slide 17: Exploration Targets Galore…
Exploration Targets Galore… For personal use only TARGET ‘Ombuga’ Over 37km of prospective alaskite 2 x 2km long each Target ??M lbs U3O8 stratigraphy identified Rossingburg ’13’ Numerous look-alike outcropping alaskite intrusions identified in region e m Rio 57.2m @ 230 ppm Do Target ??M lbs U3O8 g
Slide 18: Anomaly A Deposit
For personal use only Anomaly A Deposit Ombepo Page 18
Slide 19: Ompo
For personal use only Ompo Page 19
Slide 20: Exploration 2008
Exploration 2008 For personal use only Rossingburg: 4.5 km outcropping alaskite body, possibly extends under cover to 6 kilometres • Historic drilling (Rio Tinto 1970s) include one intersection from surface of 57.2 m grading 0.023% U3O8 Ombuga South: very high ground radiometric alaskite hosted anom
Slide 21: Onkelo
For personal use only Onkelo Page 21
Slide 22: Summary
Summary For personal use only World class uranium project Feasibility study to be commissioned shortly Aggressively advancing project through development to production – commissioning planned for 2011 Extremely robust project economics Enormous exploration upside Anomaly A is just the first of sever
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