Cauldron Energy Limited · ASX:CXU
Cauldron Energy — Investor Presentation (March 2023)
28 slides from Cauldron Energy's investor presentation, Mar 22, 2023
Slide 1: Exploring the Energy Transition
For personal use only Exploring the Energy Transition Investor Presentation March 2023 ASX: CXU Cauldron Energy Limited ABN 22 102 912 783 1
Slide 2: Investment Highlights
Investment Highlights Cauldron has refreshed its strategy and secured a dynamic new team; focusing on the uranium sector and broader For personal use only energy transition and sustainability thematics. • Nuclear recognised as critical to delivering baseload electricity for a low carbon future Urani
Slide 3: Corporate Overview
Corporate Overview For personal use only Company ASX Code CXU • 40+ year veteran of the Australian mining industry with international experience in Laos, Ian South Africa and NZ Share Price as at close of market 15/03/23 0.7c Mulholland Chairman • Held senior technical and executive roles with Summi
Slide 4: Current Project Portfolio Overview
Current Project Portfolio Overview Strategy to leverage Yanrey and build a platform in the sector. Silica sand assets provide near term value creation For personal use only opportunity. IMAGE IMAGE IMAGE Yanrey Uranium Silica Sand Assets Blackwood Gold Exploration Value delivery Look to divest • One
Slide 5: Refreshed Strategy
Refreshed Strategy Cauldron will look to leverage its existing landholding and knowledge in the uranium For personal use only sector; assessing opportunities across the energy transition thematic; whilst generating near term value from its non-core asset portfolio. Broader energy transition Leverage
Slide 6: For personal use only
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Slide 7: Perfect storm driving uranium fundamentals
Perfect storm driving uranium fundamentals After years of underinvestment; uranium supply is now running well behind expected demand. For personal use only Intermittency of Renewables Recognition that nuclear is a Decarbonisation trend in Decarbonisation driving requires baseload for grid fundamenta
Slide 8: Strong growth in nuclear generation driving uranium demand; with ISR leading
Strong growth in nuclear generation driving uranium demand; with ISR leading For personal use only Uranium Physical Balances c. 162mlbs +35 mlbs Up to 100 mlbs • 73,698t U3O8 (c. 162mlbs) • 2021 supply deficit of • UxC expects there to be a required to feed plants in all approx 35 mlbs 100 mlbs supp
Slide 9: Nuclear on a roll around the world
Nuclear on a roll around the world Major nuclear players: For personal use only • Massive investment in nuclear • Zero emissions credit pro- • 105 operable, • Significant portion of existing • Largely domestically • Historically significant and • Japan heavily reliant on to tackle high emissions (c.
Slide 10: Energy security driving interest in like minded trading partners
Energy security driving interest in like minded trading partners For personal use only Bifurcation in the market (East v West) will continue. Energy Security and Uranium specific factors International geopolitics ~49% • Energy security a major strategic issue for The West • Longer term: West looks t
Slide 11: Yanrey Uranium Project
Yanrey Uranium Project High quality foundation asset with significant potential for growth; Planning for drill campaign For personal use only underway. Location Regional factors Commentary • Other major deposits in region, e.g. – Manyingee – 25.8 Mlb @ 850 ppm U3O81 – Carley Bore – 15.6 Mlb @ 310 pp
Slide 12: Yanrey - Bennet Well Deposit
Yanrey - Bennet Well Deposit Significant Resource with multiple high priority extension targets. For personal use only Resource Grade Contained Contained Tonne Category (ppm Metal Metal s (Mt) (150 cutoff) eU3O8) Oxide (t) Oxide (Mlb) Indicated 21.9 375 8,230 18.1 Inferred 16.9 335 5,670 12.5 Signif
Slide 13: Yanrey - Bennet Well Deposit
Yanrey - Bennet Well Deposit Testwork demonstrates amenability to ISR mining. Field leach testwork program awaits approval by WA For personal use only Mines Department (DMIRS). Physical Testwork Leaching testwork • Very good recoveries in leach tests • Very low acid reagent consumption • Suitable IX
Slide 14: Benefits of Potential ISR (In Situ Recovery)
Benefits of Potential ISR (In Situ Recovery) ISR has completely transformed the uranium production market; assets amenable to ISR are therefore For personal use only highly sought after. • Most popular and fastest growing process route for global uranium production Amenability to ISR can trump head
Slide 15: River Sands Project
uldron energy ae 1O2 SAND SS:RIVER SANDS PROJECT ——= Cauldron has recognised that high-quality river-sand, as a bulk commodity in its own tight; is distinct from desert, dune or marine sand which is found in felatively high.qualitities Ideally, river sand comprises more angular particles with higher
Slide 16: Global Sand Market Overview
Global Sand Market Overview Sand is one of the worlds most consumed natural resources. There is a For personal use only significant global shortage of sustainable sand supply. • Sand is the most consumed natural resource on the planet besides water • Approx 50 billion tonnes used globally each year
Slide 17: WA Sand Projects
WA Sand Projects Cauldron holds tenements over the three largest river mouths in northern WA; highly strategic landholdings. For personal use only • 3 Projects: Fitzroy Sand (Derby), Ashburton Sand (Onslow) and 3 major project Gascoyne Sand (Carnarvon) areas in northern • 8 tenements covering ~482km
Slide 18: Corporate
For personal use only Corporate 18 18
Slide 19: Environmental, Social, Governance
Environmental, Social, Governance Fundamentally supporting the global decarbonization push; focus on social licence and ethical standards. For personal use only • Cauldrons focus is to contribute to the decarbonisation of the global economy – Uranium produced by Cauldron will displace millions of to
Slide 20: Value Proposition and Catalysts
Value Proposition and Catalysts Undervalued v peers; strong price catalysts and favourable commodity momentum. For personal use only Peer comparison based on EV / lb U3O8 Price Catalysts 12 Operating DFS • Board and management, strategy reset driving more eyes on the stock 10 Res Def • Increased dea
Slide 21: Contact Us Here
For personal use only Contact Us Here Jonathan Fisher Chief Executive Officer jonathan.fisher@cauldronenergy.com.au Michael Fry Director / CoSec Michael.fry@cauldronenergy.com.au 21
Slide 22: Important Information
Important Information For personal use only This Presentation may include statements that could be deemed ‘forward looking statements.’ Although the Company believes th e expectations Forward Looking Statements expressed in such forward-looking statements are based on reasonable assumptions, such st
Slide 23: Mineral Resources – Bennett Well Deposit
Mineral Resources – Bennett Well Deposit The Mineral Resource (JORC 2012) estimate is: Inferred Resource: 16.9 Mt at 335 ppm eU3O8 for total contained uranium-oxide of 12.5 Mlb (5,670 t) at 150 ppm cut-off. For personal use only Indicated Resource: 21.9 Mt at 375 ppm eU3O8 for total contained uraniu
Slide 24: Appendix A: Peer Group Details
Appendix A: Peer Group Details Shares Mkt Cap Grade, U3O8 EV/Mlb For personal use only Code Company Price Cash EV 1 Year Mt U3O8 (t) Project EV/t U3O8 Stage Issued (M) $M ppm (Mlbs) U3O8 Source Notes --> 1 2 calc 3 calc 4 5 6 calc calc calc calc 7 LOT Lotus Resources Ltd $0.21 1,330.0 279.3 23.6 255
Slide 25: Appendix B: Blackwood Gold Project
Appendix B: Blackwood Gold Project For personal use only 79 Au GOLD BLACKWOOD GOLDFIELD Exploration on our contiguous holding of -160 km2 covering much of the historic Blackwood Goldfield in the highly prolific Central Victorian Goldfields that comprise Ballarat and Bendigo. Our Blackwood Gold Proje
Slide 26: Blackwood Gold Project
Blackwood Gold Project Victoria is world class for gold For personal use only Over 85 Moz Au produced since 1850’s ~30% of Australian production and ~2% of world production Little exploration activity since 1980’s until recent “2nd Victorian goldrush” underway – high grade, nuggety gold Recent Succe
Slide 27: Blackwood - Initial Results
Blackwood - Initial Results ANNIE LAURIE For personal use only High Grades demonstrated BKD014: 0.6m @ 20.1 g/t Au in drilling by Cauldron (from 20.8m) BKD015: 0.8m @ 19.2 g/t Au Numerous other intercepts (from 20.2m) 0.1 – 1.0 g/t Au Results are taken from reports released to ASX on 31 August 2020
Slide 28: Blackwood - Historical Results
Blackwood - Historical Results Requiring Follow Up For personal use only Target Zones to establish large high grade gold resource Rogers Big Hill BWD-7: BWD-8: 14.6m @ 4.16 Pioneer – North Sultan (73koz @ 26 11.0m @ BWD-5: g/tAu 2.07 g/tAu g/tAu mined) 37.2m @ 1.07 g/tAu Homeward Bound – Rogers Big