Deep Yellow Limited · ASX:DYL
Deep Yellow — Africa Down Under Conference 2014
24 slides from Deep Yellow's conference presentation, Sep 8, 2014
Slide 1: Africa Down Under Conference: Gathering Momentum
Deep Yellow Limited For personal use only Africa Down Under Conference “Gathering Momentum” 5 September 2014 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer This document has been prepared by Deep Yellow Limited (Deep Yellow, DYL or the Company) in connection with providing an overview to interested analysts and investors. For personal use only This presentation is being provided for the sole purpose of providing information to enable recipie
Slide 3: Executive Summary
Executive Summary For personal use only ASX listed advanced stage uranium exploration company Namibian-focussed, with two key projects: • Omahola Project – heap leach alaskite, due south of Husab • Tubas Sand Project – shallow, free dig, low capex supplementary project Large exploration area with hi
Slide 4: Presentation Overview
Presentation Overview For personal use only Corporate Snapshot Market Overview Project Location Omahola Project Tubas Sand Project Exploration Prospectivity Conclusions 4
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only The Board Capital Structure – as at 25 Aug 2014 Shares on Issue 1,888M Tim Netscher Chairman (Independent) Performance Rights 22.1M Greg Cochran Managing Director Market Cap (@ 2.3c) ~ AUD 39.3M Gillian Swaby N.E.D Net Cash ~AUD 5.5M Rudolf Brunovs N.E.D (Ind
Slide 6: Market Update
Market Update For personal use only Global Financial Markets Ongoing volatility means continued uncertainty Capital remains the biggest challenge Reduced appetite for investment in exploration Uranium Demand Uranium Supply Nuclear growth confirmed (underestimated?) Project development mostly stalled
Slide 7: WNA Forecasts Long Term Balance
WNA Forecasts Long Term Balance…. For personal use only Supply Assumptions: • New projects will be successfully developed • Current mines will continue to produce at historical rates (& beyond) • Tails underfeeding will continue Source: WNA, Toro Energy 7
Slide 8: Long Term Demand & Supply
Long Term Demand & Supply For personal use only Source: UxC, Anatolia Energy & Paladin Energy Analysis 8
Slide 9: Long Term Contracting
Long Term Contracting For personal use only Long Term Term Deliveries Contracting below at all time highs 20 Mlbspa Growing uncovered utility requirements Source: UxC, Anatolia Energy & Paladin Energy Analysis 9
Slide 10: Project Location
Project Location For personal use only 3,109 km2 in exploration area* Note: Exploration in Namibia is conducted by DYL’s wholly- owned subsidiary Reptile Uranium Namibia (RUN) * On a 100% basis 10
Slide 11: Omahola Project: Location & Key Points
Omahola Project: Location & Key Points JORC 2004 Resource: 48.7 Mt at 420 ppm for 45.1 Mlbs U3O8 (tank leach)* For personal use only Flagship Project in the centre of “Alaskite Alley” Multiple deposits to feed one plant: • Ongolo and MS7 – higher grade alaskites • INCA – higher grade alaskite, magne
Slide 12: Omahola Project: Metallurgical test work
Omahola Project: Metallurgical test work Will heap leach be technically feasible? For personal use only “Sighter” column test demonstrated heap leach processingpotential* Uranium recovery approximately 80% after 7 days with low overall sulphuric acid consumption of 12.4 kg/t* Theoretical maximum ura
Slide 13: Omahola Project: Process Options & Size
Omahola Project: Process Options & Size* Heap Leach ensures greater resource inventory For personal use only Cut-off Tonnes U3O8 U3O8 U3O8 (ppm U3O8) (M) (ppm) (t) (Mlb) 100 298 191 56,825 125 150 140 269 37,610 83 200 76 346 27,166 60 250 49 420 20,462 45 *Figures Extracted from ASX Release, 4 Febr
Slide 14: Tubas Sand Project: Location
Tubas Sand Project: Location For personal use only JORC 2012 Resource: 34Mt @ 170ppm 12.7Mlbs U3O8 Indicated & Inferred* * ASX Release, 24 March 2014 14
Slide 15: Tubas Sand Project: Key Points
Tubas Sand Project: Key Points Tubas JORC Sand2012 Resource: Summary Project: 34 Mt at 170 ppm for 12.7 Mlbs U3O8 For personal use only Shallow, free dig mining Ore upgradeable via physical beneficiation • Conventional Cyclone or Teeter bed (Schauenburg) • Mass pull 10 - 20%, uranium recovery>80% •
Slide 16: Untapped Prospectivity: Target Generation
Untapped Prospectivity: Target Generation* For personal use only Improving probability of exploration success through predictive modeling & prospectivity mapping Exploration Input Data Prospectivity Model Layers Map *ASX Release, 28 August 2013 16
Slide 17: Untapped Prospectivity: Input Data Layers
Untapped Prospectivity: Input Data Layers Remanent Proximity Proximity For personal use only magnetised units to marble to domes 17
Slide 18: Untapped Prospectivity: Regional Map & Results
Untapped Prospectivity: Regional Map & Results For personal use only Exploration Input Data Prospectivity Model Layers Map Lithostratigraphic Occurrence of Deposit Score control remanent Rössing 30 Structural control magnetised units Rössing South 1 20 Proximity to Rössing South 2 25 marble and dome
Slide 19: Untapped Prospectivity: Targets Identified
Untapped Prospectivity: 15 Targets Identified For personal use only Prospectivity mapping identified 15 alaskite targets 6 high priority targets Conducting ground follow-up: • Detailed geological mapping, ground radiometric surveys • RadonX surveys, Trenching Allows prioritisation & generation of fo
Slide 20: Conclusions
Conclusions Gathering Momentum in the current market environment For personal use only Omahola Project – Ongoing progress • Review preliminary economic analysis • Resource updates for heap leach processing & JORC 2012 compliance • Plan MS7 deeper drilling campaign & conduct scoping metallurgical tes
Slide 21: Thank you
For personal use only Thank you…. Greg Cochran Managing Director Deep Yellow Limited Level 4, 502 Hay Street Subiaco, Western Australia 6008 T +61 8 9286 6999 M +61 409 938-784 F +61 8 9286 6969 Email: greg.cochran@deepyellow.com.au Email: info@deepyellow.com.au Website: www.deepyellow.com.au
Slide 22: Appendices
For personal use only Appendices
Slide 23: Core Projects – JORC Resources
Core Projects – JORC Resources Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category For personal use only (ppm U3O8) (M) (ppm) (t) (Mlb) Omahola Project - JORC 2004 INCA Deposit Indicated 250 7.0 470 3,300 7.2 INCA Deposit Inferred 250 5.4 520 2,800 6.2 Ongolo Deposit # Measured 250 7.7 395 3,040 6.
Slide 24: Compliance Statements
Compliance Statements Omahola Project – JORC 2004 For personal use only The information in this report that relates to Exploration Results for the Ongolo, MS7 and INCA deposits is based on information compiled by Dr Katrin Kärner* who is a Member of the Australasian Institute of Mining and Metallurg