Deep Yellow Limited · ASX:DYL
Deep Yellow — Noosa Mining Investor Conference 2024
32 slides from Deep Yellow's conference presentation, Jul 17, 2024
Slide 1: Corporate Update
Building a Global Uranium Company Strongly Placed and Perfectly Timed Corporate Update Noosa Mining Investor Conference 17-19 July 2024 John Borshoff Managing Director/CEO 17 July 2024 DYL: ASX / NSX (Namibia) DYLLF: OCTQX www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Deep Yellow percentages are calculated on whole numbers and not among other things, statements with respect to the pre- Limited ABN 97 006 391 948 (Company or Deep Yellow) for the rounded amounts presented. This presentation feasibility and any feasi
Slide 3: Disclaimer (continued)
Disclaimer (continued) This list is not exhaustive of the factors that may affect on the information in the form and context in which it These announcements are available on the Company’s the Company’s forward-looking information. These and appears. Mr Hirsch holds shares in the Company. website at
Slide 4: Deep Yellow – Well Positioned
01 Deep Yellow – Well Positioned www.deepyellow.com.au
Slide 5: Best Positioned Uranium Mid-Cap Company Globally
Best Positioned Uranium Mid-Cap Company Globally Deep Yellow has global diversity, which is seen as a necessity by off-takers, with long-life projects located in two Tier-1 mining jurisdictions Significant production capability - once in production, Deep Yellow will be the largest pure-play uranium
Slide 6: Significant Advancement and Value in 12 Months
Significant Advancement and Value in 12 Months Tumas Project moved from assessment to proceeding with development: 1 • EPCM engineer selected • Project financing process commenced – Nedbank mandated 2 Significant advancement at Mulga Rock though the development of critical minerals and optimised p
Slide 7: Global Uranium Sector Market Cap Outcome (2011-2024)
Global Uranium Sector Market Cap Outcome (2011-2024) - Fukushima: Heavy Impact on Supply Sector Combined Market Cap: Top 20 Listed Uranium Companies (US$ bn)(1) Total Market Value with Annual Uranium Spot Price Post-Fukushima: Sector Turnaround Underway Recent Spot Price ranging US$80-US$106/lb 50 A
Slide 8: A Top Performer in ASX200 for FY24 (+77%)
A Top 10 Performer in ASX200 for FY24 (+77%) FY24 2.00 120 1.80 100 1.60 1.40 80 1.20 US$/lb Nedbank A$/Share1 1.00 60 mandate for project finance 0.80 EPCM engineer selected 40 0.60 0.40 Vimy merger Tumas DFS completion Tumas Re-costed DFS 20 completion August 2022 February 2023 December 2023 0.20
Slide 9: Best-in-Class Board and Team
Best-in-Class Board and Team Executive Leadership Team Chris Salisbury** Non-Executive Chairman A HIGHLY EXPERIENCED TEAM WITH A PROVEN TRACK RECORD John Borshoff* CEO / MD Gillian Swaby * Page 1 of 2 Executive Director • Proven and successful track record of exploring, Victoria Jackson Non-Executiv
Slide 10: Globally Diversified with Two Advanced, Long-Life Projects
Globally Diversified with Two Advanced, Long-Life Projects • Project portfolio provides diversity by asset, stage of Advanced-stage development and geographic location Early-stage to continue organic pipeline • Largest uranium resource base of any Omahola Alligator River ASX-listed company Namibia N
Slide 11: Uranium is Critical for a Clean Energy Future
02 Uranium is Critical for a Clean Energy Future www.deepyellow.com.au
Slide 12: Demand - Governments Pivoting Increasingly Towards Nuclear
Demand - Governments Pivoting Increasingly Towards Nuclear Increasing Inability for Global footprint Never such a top-down global concern renewables to expanding with ever- resurgence since the for energy deliver increasing number of 1970s oil shock security governments turning to nuclear power • Ea
Slide 13: Supply Under Major Pressure - Uranium Price Primed for Increase
Supply Under Major Pressure - Uranium Price Primed for Increase Degradation of Limited Long period of stagnation Exposes huge challenges to uranium supply greenfield creating concerns industry meet newPage demand 1 of 2 even industry over developments unable to respond to future with a major uranium
Slide 14: Tumas Project - Namibia
O03 Tumas Project - Namibia
Slide 15: Significant Land Package
Significant Land Package Landholding of nearly 1,500km2 including: • Tumas Project – Pre-development stage • Omahola Project – Ongolo, MS7, Inca – Advanced Resource Definition • Nova JV – Barking Gecko – Greenfield Exploration (JV with JOGMEC, Japanese Government) • Yellow Dune JV – Aussinanis – Min
Slide 16: Flagship Tumas Project, Namibia - Overview
Flagship Tumas Project, Namibia - Overview • Uranium and mining friendly jurisdiction. 20–year Mining Licence granted, effective September 2023 Page 1 of 2 • Allows the Project to progress towards production, establishing Tumas as the 4th uranium mine in Namibia • Ore Reserves of 67.3Mlb increased b
Slide 17: Excellent Infrastructure
Excellent Infrastructure Existing Page 1 of 2 • Walvis Bay Port – Class 7 shipping located 80 km from site • Walvis Bay International Airport located 75 km from site During Construction • Infrastructure for mining fleet provided by mining contractor • 13.5 km site access road connects to the C28 (se
Slide 18: Tumas Project Analysis (US$), Re-Costed December '23
Tumas Project Analysis (US$), Re-Costed December ‘23 Project Financials (Ungeared): Real 3 Unit 75/lb 81/lb1 90/lb Key Commentary2 Project operating life Years 22 22 22 • Head grade of 340ppm U3O8 Produced Mlb 64 64 64 U3O8 (av) Gross revenue: total $M 4,950 5,314 5,908 • Annual production (max) Ope
Slide 19: Diversified and Advanced Project Pipeline
04 Diversified and Advanced Project Pipeline www.deepyellow.com.au
Slide 20: Mulga Rock Project, Western Australia – 100% DYL
Mulga Rock Project, Western Australia – 100% DYL • Project acquired through Vimy Resources Page 1 of 2 merger in August 2022 • Located in the Tier-1 mining jurisdiction of Western Australia, with granted Mining Leases • Globally significant Mineral Resource of 115.1Mt @ 410ppm for 104.8Mlb U3O8, pos
Slide 21: Mulga Rock East – Strong Resource Upgrade
Mulga Rock East – Strong Resource Upgrade • Extensive resource/reserve upgrade and ore variability Page 1 of 2 drilling programs completed August 2023 Princess • Significant uranium, critical minerals (Cu, Ni, Co, Zn) and magnetic rare earth elements (notably Nd/Tb/Dy/Pr) resources identified Ambass
Slide 22: Exceptional Exploration Upside
Exceptional Exploration Upside ALLIGATOR RIVER PROJECT, NORTHERN TERRITORY - 100% OMAHOLA BASEMENT PROJECT, NAMIBIA - 100% Page 1 of 2 • Located in the world-class uranium province of Alligator • Measured, Indicated and Inferred Resource base of 125Mlb River, which hosts some of the highest-grade ur
Slide 23: Looking Ahead - A Differentiated Company
05 Looking Ahead - A Differentiated Company www.deepyellow.com.au
Slide 24: Two Substantial, Advanced Uranium Projects to Produce +7Mlb
Two Substantial, Advanced Uranium Projects to Produce +7Mlb Page 1 of 2 Initial Investment Production Mulga Rock Project Tumas Project 1 2028 3.5 3.5 2026 2.0 3.0 3.6 3.6 3.6 1.5 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Tumas − 22.25YR LOM Mul
Slide 25: Key Workstreams and Anticipated Timing
Key Workstreams and Anticipated Timing Page 1 of 2 TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER M&A • Q3 2024 – Mineral resource • Q4 2024 –completion of • Q2 2024 - Desktop • Ongoing - Continued focus estimate completed 6- the non-selective mining prospectivity appraisal to on accretive consolidation y
Slide 26: Best Positioned Pure-Play Uranium Investment
Best Positioned Pure-Play Uranium Investment Page 1 of 2 Deep Yellow is successfully establishing the right platform at the right time Uranium market backdrop creates exceptional opportunities in the post- Fukushima supply reconstruction era and taking advantage of a bifurcated market Experienced Bo
Slide 27: Appendices
06 Appendices www.deepyellow.com.au
Slide 28: Appendix 1 Uranium Equivalents
Appendix 1 Uranium Equivalents (refer Mulga Rock East slide 24) U3O8Eq grades are calculated as follows: Page 1 of 2 U3O8Eq = U3O8 + 0.093xCo + 0.028xCu + 0.074xNi + 0.118xREO + 0.009xZn • Those factors were calculated using the assumptions presented in the table below and, based on testwork complet
Slide 29: Appendix 2(a) Namibian Mineral Resources
Appendix 2(a) Namibian Mineral Resources Notes: - Figures have been rounded and totals may reflect small rounding errors. - XRF chemical analysis unless annotated otherwise. - # Combined XRF Fusion Chemical Assays and eU3O8 values. - eU3O8 - equivalent uranium grade as determined by downhole gamma l
Slide 30: Appendix 2(b) Australian Mineral Resources
Appendix 2(b) Australian Mineral Resources Notes - Figures have been rounded and totals may reflect small rounding errors. - XRF chemical analysis unless annotated otherwise. - eU3O8 - equivalent uranium grade as determined by downhole gamma logging. - # Combined XRF Fusion Chemical Assays and eU3O8
Slide 31: Appendix 2(c) Ore Reserves
Appendix 2(c) Ore Reserves Notes Figures may not add due to rounding. 1 ASX Release 2 Feb 2023 ‘Strong Results From Tumas Definitive Feasibility Study’ and ASX Release 12 Dec 2023 ‘DFS Review Strengthens Tumas Project’s Flagship Status as a Long-Life, World-Class Uranium Operation’. 2 ASX Release 4
Slide 32: John Borshoff Managing Director/CEO
John Borshoff Managing Director/CEO john.borshoff@deepyellow.com.au M: +61 419 912 571 For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited 32