Isoenergy Ltd. · TSX:ISO
Isoenergy — Investor Presentation (September 2024)
32 slides from Isoenergy's investor presentation, September 2024
Slide 1: A Leading, Diversified Uranium Company in Tier One Jurisdictions
A LEADING, DIVERSIFIED URANIUM COMPANY IN TIER ONE JURISDICTIONS ADVANCING THE HIGHEST-GRADE PUBLISHED INDICATED URANIUM RESOURCE IN CANADA AND NEAR-TERM PRODUCTION IN THE U.S. September 2024 www.isoenergy.ca TSX: ISO | OTCQX: ISENF
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-looking Information Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other
Slide 3: Disclaimer
Disclaimer Technical Information All of the scientific and technical information in this presentation has been reviewed and approved by Dr. Darryl Clark, P.Geo., Executive Vice President – Exploration & Development for IsoEnergy. Dr. Clark has verified the sampling, analytical, and test data underly
Slide 4: Investment Highlights
Investment Highlights c c c c Built for the Current Diversified Across Substantial Mineral Focused Production Proven Uranium Market Tier One Jurisdictions Endowment Strategy Leadership Includes the Projects in top Hurricane Includes Deposit – the Hurricane Goal of becoming a Track record in uranium
Slide 5: Company Snapshot
Company Snapshot Capital Structure Share Price Performance Basic Shares Outstanding1 (M) 178.7 $6.00 Options1 (M) 14.6 FD Shares Outstanding1 (M) 193.3 $5.00 Share Price (September 5, 2024) (C$) $2.65 $4.00 Market Capitalization (Basic) (C$) $473.6 Cash1 (C$) $49.1 $3.00 Equity Holdings2 (C$) $29.8
Slide 6: Built for the Current Uranium Market
Built for the Current Uranium Market $5,000 Market Capitalization $2,534 $2,386 $2,500 $1,803 (C$M)1 $950 $945 $882 $810 $678 $522 $474 - 400 Mineral Endowment (Mlbs U3O8) 200 400 Current M&I Current Inferred - 200 - Historical M&I Historical Inferred 2 Past Production with Restart Potential
Slide 7: Global Portfolio – Top Ranked Jurisdictions in the World
Global Portfolio – Top Ranked Jurisdictions in the World Larocque East Americas Development Athabasca Basin Bulyea River Whitewater Larocque East Edge Dieter Lake Adv. Exploration Home of Hurricane Full Moon Larocque West Mountain Lake Athabasca Hawk Collins Bay Extension Adv. Exploration Basin Radi
Slide 8: Focused Strategy
Focused Strategy CALL OPTIONS EXPLORATION DEVELOPMENT NEAR-TERM PRODUCTION POTENTIAL Subject to permitting COLES HILL, VIRGINIA HURRICANE, ATHABASCA SASKATCHEWAN MATOUSH, EXPLORATION ASSETS, QUEBEC TONY M MINE SASKATCHEWAN DANEROS MINE AUSTRALIA ASSETS, RIM MINE, QUEENSLAND AND EQUITY HOLDINGS/ UTAH
Slide 9: Eastern Athabasca Properties – Prime Location
Eastern Athabasca Properties – Prime Location Portfolio of over 20 high-quality properties – totalling 220,000 hectares Flagship asset is Larocque East – hosts the Hurricane Deposit – the world’s highest-grade published indicated uranium resource Indicated resource of 48.6Mlbs U3O8 at 34.5% U3
Slide 10: Hurricane – World’s Highest-Grade Published Indicated Uranium Resource
Hurricane – World’s Highest-Grade Published Indicated Uranium Resource Mineral Resource Estimate (July 8, 2022)1 U3 O8 Resources Ownership – 100% owned by IsoEnergy Category Domain Tonnes (000 t) Grade (%) Contained (Mlbs) Grade – Very high-grade mineralization over widths and Indicated High-Gra
Slide 11: Hurricane – Exceptionally High-grade
Hurricane – Exceptionally High-grade Map provides context around high-grade core of deposit with the following select significant drill intercepts: “In 2023, exploration drilling at Dawn Lake expanded the footprint of known uranium mineralization with mineralized intercepts in LE20-531 10.5m @ 11.
Slide 12: Hurricane – Expansion Potential Using Innovative ANT Survey
Hurricane – Expansion Potential Using Innovative ANT Survey ANT Survey coverage over the full eastern extent An additional 20km2 covered on strike of Hurricane to the east Two conductor corridors defined 6 new targets identified from E through J 2024 drill program confirmed strong hydrothe
Slide 13: Utah – Near-Term Production Potential
Utah – Near-Term Production Potential Historical mines in prolific uranium districts In production during prior period of strong uranium prices $100M+ spent on Capex Uranium resources in place with potential exploration upside Current 43-101 mineral resource estimate on Tony M Historical min
Slide 14: Advancing Tony M Mine Towards Potential Restart
Advancing Tony M Mine Towards Potential Restart Goal to restart mining operations in 2025, aligned with the anticipated restart of White Mesa Mill1 Successful reopening of the main decline completed, with comprehensive work program initiated: Rehabilitation underway including scaling, installa
Slide 15: Successful Reopening of the Underground at Tony M Mine
SUCCESSFUL REOPENING OF THE UNDERGROUND AT TONY M MINE 1515 IsoEnergy.ca TSX: ISO | OTCQX: ISENF
Slide 16: Coles Hill – U.S.' Largest Undeveloped Uranium Deposit
Coles Hill – U.S.' Largest Undeveloped Uranium Deposit VIRGINIA, U.S. 250 Historical Expenditure – ~C$100M Mineral Resource Estimates2 (Mlbs U3O8) Coles Hill Historical Mineral Resource Estimate (North and South)1 200 Measured and Indicated Estimates Grade Tons Metal Inferred Estimates Cutoff (% (m)
Slide 17: Matoush – Highest-Grade Historical Indicated Uranium Resource Outside of the Athabasca Basin
Matoush – Highest-Grade Historical Indicated Uranium Resource Outside of the Athabasca Basin QUEBEC, CANADA High Grade Projects outside of Athabasca Basin with >5Mlbs in M&I Historical Expenditure – ~C$120M Matoush Historical Mineral Resource Estimate1 Grade Metal 0.95 Tons (m) Classification (% eU3
Slide 18: Equity Holdings
Equity Holdings TSXV: PUR TSXV: SASK Private $76.2M Market Cap | C$7.6M Equity Holding C$147.3M Market Cap | C$6.4M Equity Holding C$13.5M Equity Holding Focused on the consolidation, exploration and Focused on the consolidation, exploration and Building on de-risked, advanced uranium assets in deve
Slide 19: Proven Sector Leaders
Proven Sector Leaders Richard Patricio Leigh Curyer Chris McFadden Peter Netupsky Phil Williams Mark Raguz Chairman Vice Chairman Director Director CEO & Director Director +20 years +20 years +20 years +20 years +20 years +18 years Co-Founder of NexGen Co-Founder and CEO Chairman and Co- VP Corp Dev
Slide 20: Upcoming Catalysts
Upcoming Catalysts Summer Exploration Program in the Athabasca Basin – New targets at Larocque East being tested U.S. Project Being Readied for Production Decision – Reopening of Tony M underground and evaluate economics U.S. Exploration Program and Advancement Across the Portfolio – Work programs u
Slide 21: Appendix
Appendix TSX: ISO | OTCQX: ISENF
Slide 22: Canada and Australia Asset Overview
Canada and Australia Asset Overview U3O8 Indicated Resources¹ U3O8 Inferred Resources¹ Asset Country Ownership Deposit Type Metals Stage Tonnes (M) Grade (%) Contained (Mlbs) Tonnes (M) Grade (%) Contained (Mlbs) Mountain Lake Canada Optioned Shale-Related Deposit Uranium Adv. Exploration 1.6 0.23%
Slide 23: U.S. Asset Overview
U.S. Asset Overview 3 Rim Mine 1 Tony M Mine 5 4 Sage Plain White Mesa Mill 2 Daneros Mine Proximity to U3O8 Indicated Resources¹ U3O8 Inferred Resources¹ Contained Contained Index Asset State Ownership Deposit Type Metals Stage White Mesa Mill Tonnes (M) Grade (%) (Mlbs) Tonnes (M) Grade (%) (Mlbs)
Slide 24: Hurricane – Insensitive to Cut-Off Grade
Hurricane – Insensitive to Cut-Off Grade Indicated Resources highly insensitive to cut off grade; 93.9% of contained metal is retained at COG of 10% Mineral resource estimated with a 1% COG – same used for Cigar Lake 2016 mineral resource estimate Resource Cut-off Grade Tonnage Grade Contained M
Slide 25: Geiger Project
Geiger Project Geiger Key Points 6 lines of ground EM survey to follow-up anomalous drilling results – generated additional drill ready targets along strike of weak historical mineralization 2022 drill hole (GG22-31) intersected zone of alteration extending 55 m into basement 1.7 km along stri
Slide 26: Strategic Alliance with Energy Fuels
Strategic Alliance with Energy Fuels WHITE MESA MILL Only operational conventional uranium mill in the U.S. with licensed capacity of over 8Mlbs of U₃O₈ per year (owned by Energy Fuels Inc.) Toll Milling Agreement Guaranteed access to White Mesa Mill Agreement overs Tony M Mine, Daneros and Rim
Slide 27: Tony M – Large-Scale, Developed and Permitted
Tony M – Large-Scale, Developed and Permitted 1Mlb of historical production up to 2008 Infrastructure 18 miles (29 km) of underground development 2 parallel declines extending 10,200 ft Power generation station, fuel storage facility, ore bays, maintenance building, offices, dry facilities and
Slide 28: Daneros – Acquired by Denison in 2011 for A$57m
Daneros – Acquired by Denison in 2011 for A$57m Infrastructure ~1Mlb of historical production up to 2013 2.8 miles (4.5 km) of underground development 5 declines on property Modular trailer, generator, equipment storage and maintenance buildings Historical Work Significant drilling occurred
Slide 29: Rim – High Vanadium-to-Uranium Ratio at 9:1
Rim – High Vanadium-to-Uranium Ratio at 9:1 Infrastructure 2.7 miles (4.3 km) of underground development 2 portals with a head frame, hoist house, maintenance building and water tank Historical Work ~1,100 holes drilled from surface and underground (rotary and core) for ~325,000 ft 15 holes
Slide 30: Fully Permitted for Operations
Fully Permitted for Operations Plan of Mine Air Water Well Discharge AQ Permit Stream Conditional SPCC SWPPP Mine / Property Operations Permit Permit Rights Permits Permit to Construct Alteration Use Permit Plan Permit BLM UDOGM (NESHAP) UDWR UDWR UDEQ UDAQ UDWR County UDEQ UDEQ Tony M ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 31: Disclaimer on Historical Estimates
Disclaimer on Historical Estimates Historical Estimates Each of the mineral resource estimates, except for the Larocque East Project and Tony M, contained in this presentation are For the Coles Hill Project, as disclosed in the above noted revised preliminary economic assessment, the historical esti
Slide 32: Contact Us
@ CONTACT US WWW.ISOENERGY.CA info@isoenergy.ca 1-833-572-2333 @IsoEnergyLtd IsoEnergy-ltd TSX: ISO | OTCQX: ISENF