Recharge Metals Limited · ASX:REC
Recharge Metals — RIU Uranium Conference (November 2024)
18 slides from Recharge Metals's conference presentation, Nov 19, 2024
Slide 1: Acquisition of Carter Uranium Project, USA
For personal use only Acquisition of Carter Uranium Project, USA High-grade uranium projects located in proven location November 2024 ASX:REC
Slide 2: Recharge Team
Recharge Team For personal use only Felicity Repacholi Simon Andrew Dahrouge Geological Ben Vallerine Consulting Ltd Managing Director Non-Executive Chairman Non-Executive Director Geological Consultants Felicity Repacholi is a professional geologist and Simon Andrew has over 20 years’ experience in
Slide 3: Advanced Exploration Asset
Advanced Exploration Asset For personal use only • Acquiring 100% of the Carter Uranium Project, USA • Advanced exploration asset in world renown Powder River Basin • 60kms from Peninsula Energy Limited’s (ASX:PEN) Lance ISR operation • Significant historical resources including: – 3.7 Mlbs @ 1,250p
Slide 4: Acquisition Highlights
Acquisition Highlights For personal use only U3O8 Projects give investors Recharge appoints Proven and active Fully funded with further exposure to experienced uranium region for uranium acquisition undertaken uranium theme, as geologist Ben Vallerine as production, near some alongside capital raise
Slide 5: Indicative Capital Structure post Acquisition
Indicative Capital Structure post Acquisition For personal use only Share Price Performance Rights Cash $0.027 95m $2.9m As at 18/11/2024 $800,000 cash at bank (30 Sept 2024) 52 week high $0.135, low $0.024 Shares on issue Market Capitalisation Options (A$0.06 - $0.40) 256m $6.9m 17.2m Current $4m,
Slide 6: US already world's biggest producer of nuclear power
US already world’s biggest producer of nuclear power For personal use only The US has 93 operating commercial nuclear • With 30% of the world’s nuclear power, US is already the world's largest producer. reactors at 54 nuclear power plants in 28 states • Nuclear has bipartisan support as a key source
Slide 7: US nuclear sector primed for a resurgence
US nuclear sector primed for a resurgence For personal use only A group of smoke stacks on a body of water A white background with text and orange text Description automatically generated Description automatically generated A screenshot of a website Description automatically generated A screenshot o
Slide 8: Powder River Basin outer-rim, Montana, US Proven, uranium-producing region
Powder River Basin outer-rim, Montana, US Proven, uranium-producing region For personal use only • Located on the outer rim of the Powder River Basin • One of the world’s premier uranium districts • Host to at least seven permitted ISR uranium production facilities which are within 300km of Carter,
Slide 9: Carter Project location and history
Carter Project location and history For personal use only • 334 mineral claims covering ~27km2 • Readily accessible via US Highway 212 • 75 km from town of Belle Fourche, South Dakota • Extensive exploration has been conducted since the 1970s by multiple operators including Kerr McGee and Chevron •
Slide 10: Arcadia Property, Montana, 3.7 Mlb uranium
Arcadia Property, Montana, 3.7 Mlb uranium For personal use only • ~3.7 Mlbs U3O8 at 1,250ppm eU3O8 • Secured an estimated 87% of the surface expression • Average thickness of about 2.4m • Close spaced drilling • At least 254 holes were drilled, mostly on 30m spacing along fences at 150m intervals •
Slide 11: Mindy Property, Montana: 1.4 Mlb uranium
Mindy Property, Montana: 1.4 Mlb uranium For personal use only • ~1.4 Mlbs U3O8 at 1,560ppm eU3O8 • Secured an estimated 78% of the surface expression • Intercepts include 2.7m @ 2,900ppm • Average thickness of about 2m • Close spaced drilling • At least 226 holes were drilled, mostly on 30m spacing
Slide 12: In Situ Recovery (ISR) mining
In Situ Recovery (ISR) mining For personal use only • In Situ Recovery (ISR) is a mining method that involves pumping groundwater through an orebody using an injection and recovery well network. • The only ground disturbed is the drilling of the wells, so it is very low-impact mining, with minimal s
Slide 13: ISR benefits
ISR benefits For personal use only Economically Lower CAPEX Lower OPEX competitive Environmentally Lower Impact Hub & Spoke superior potential 13
Slide 14: Exploration Plan
Exploration Plan For personal use only Q4 - 2024 Q1 - 2025 Q2 - 2025 Q3 - 2025 Q4 - 2025 Data compilation, data review and targeting Permitting Drilling • Increase resource area confidence • Expand defined resource area • Explore areas of encouraging drill results not previously followed up 14
Slide 15: Notes - Acquisition Terms
Notes - Acquisition Terms For personal use only • Cash payment as reimbursement of costs incurred, capped to a maximum amount of A$250,000 (in aggregate); • 16,000,000 fully paid ordinary shares; equal to A$400,000 at a deemed issue price of A$0.025 per share; • 50,000,000 Performance Rights vesting
Slide 16: Notes - Historical Resource Estimate
Notes - Historical Resource Estimate For personal use only • Readers are cautioned that the historical resource estimates for the Acadia and Mindy Deposits, referred to in this Presentation are not reported in accordance with the JORC 2012 Code. A Competent Person has not undertaken sufficient work
Slide 17: Disclaimer
Disclaimer For personal use only Nature of document: This presentation has been prepared and issued by Recharge Metals Limited Not an offer: This presentation and its contents are not an invitation, offer, solicitation or (Recharge or the Company) to provide general information about the Company. Th
Slide 18: Thank you
For personal use only Thank you For more information Felicity Repacholi Alex Cowie Managing Director Media & Investor Relations felicity@rechargemetals.com.au alexc@nwrcommunications.com.au
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