Blue Star Helium Limited · ASX:BNL
Blue Star Helium — Investor Presentation (November 2020)
20 slides from Blue Star Helium's investor presentation, Nov 18, 2020
Slide 1: Finding and developing low cost, high grade helium in USA
For personal use only Finding and developing low cost, high grade helium in USA Corporate Presentation November 2020 ASX BNL ASXBNL
Slide 2: Disclaimer and Important Information
DISCLAIMER AND IMPORTANT INFORMATION For personal use only This presentation has been prepared by Blue Star Helium (ACN 009 230 835) (BNL). Each recipient of this presentation Net Recoverable Helium 1U (P90) 2U (P50) 3U (P10) is deemed to have agreed to accept the qualifications, limitations and dis
Slide 3: Helium Pure-Play Strategy
HELIUM PURE-PLAY STRATEGY ONLY HELIUM PURE PLAY ON ASX For personal use only ▪ Find and develop low cost, high grade helium resources in USA ▪ High value commodity with high-tech applications and increasing demand ▪ Asset locations central to helium supply chain ASSET BASE ▪ Circa 177,000 gross (120
Slide 4: Helium – Unique, Rare and Highly Valued
HELIUM – UNIQUE, RARE AND HIGHLY VALUED A unique set of physical and chemical properties For personal use only • Non-toxic, non-flammable, low-density gas • Chemically and radiologically inert • Ultra-cold boiling point (-269oC), stays liquid at absolute zero • Second most abundant element in the un
Slide 5: Helium Demand
HELIUM DEMAND For personal use only Healthcare - MRI machines – growing at 6%/year - Heliox mixtures in respiratory treatments Electronics and Semi-conductors - Fibre optics, LCD panels - Computer hard drives and servers Aerospace and Aircraft - Rocket propulsion and fuel systems - Lifting hybrid ai
Slide 6: Helium Global Supply
HELIUM GLOBAL SUPPLY For personal use only Model Dome Historical Field 8% He Russia Algeria LNG BNL Enterprise & Galileo Prospects 0.4% He 0.17% He 3.5 BCF P50 prospective resource* 0.1BCF/yr 0.5BCF/yr Hugoton Gas 0.5% He US Domestic Mineral Supply Risk 0.5BCF/yr Exxon La Barge (CO2) Helium supply r
Slide 7: US Helium Market
US HELIUM MARKET For personal use only USA – CENTRE OF GLOBAL HELIUM MARKET AND SUPPLY CHAIN ▪ 40% total market share feeding greatest demand ▪ Premium in-ground helium grades ▪ “Strategic Commodity” classification ▪ Significant increase in domestic helium supply risk as BLM sales cease ▪ Developed
Slide 8: 3.5 BCF in Enterprise and Galileo
For personal use only 3.5 BCF IN ENTERPRISE AND GALILEO Location staked, drilling subject to permit approvals Fast, low cost, modular development concept upon success Prime location & high grade resource ASXBNL 8
Slide 9: Proven Helium Play Fairway
PROVEN HELIUM PLAY FAIRWAY NW feet SE Elevated Helium Sample Anomaly For personal use only Enterprise Galileo Model Dome below sea level Prospect Prospect Field feet below Blaine Fm (Seal) sea level Lyons Fm (Reservoir) Model Dome field in proven play fairway: Soil gas sampling & petrophysical analy
Slide 10: Enterprise & Galileo Prospects
ENTERPRISE & GALILEO PROSPECTS 3.5 BCF (3,500,000 mcf) P50 Prospective Helium Resource* For personal use only • Net to Blue Star, after applicable royalties Net Recoverable Helium (mmcf)* 1U (P90) 2U (P50) 3U (P10) • Shallow target depth 1,000-1,200 ft Enterprise Prospect 372 2,204 5,494 • Enterpris
Slide 11: Modular Development Concept
MODULAR DEVELOPMENT CONCEPT ▪ Staged, standard-size modular development concept upon success For personal use only ▪ 2mmcf/d raw gas nameplate capacity ▪ ~50mmcf helium per annum (at P50 He concentration) ▪ Plant mobilisation time to site ~6 months ▪ 5 simple vertical producers (similar to proof of
Slide 12: Accelerating the Portfolio - well maiden drilling campaign
For personal use only ACCELERATING THE PORTFOLIO 3 - 5 well maiden drilling campaign Dominant land position across proven helium play fairway Additional acreage and prospective resources estimates ASXBNL 12
Slide 13: For personal use only
13 For personal use only ASXBNL 13
Slide 14: Blue Star's Helium Portfolio
BLUE STAR’S HELIUM PORTFOLIO First mover in Las Animas, Colorado For personal use only ▪ Historical production at Model Dome (Top 3 helium concentration in USA) ▪ Proven helium play fairway ▪ Helium charge ▪ High quality reservoir & seal pair ▪ 11+ prospects and leads within proven play fairway ▪ Te
Slide 15: Forward Plan
FORWARD PLAN For personal use only Maiden Drilling Campaign ▪ Enterprise well staked and awaiting permit approval ▪ Site visit for location selection at 4 further prospects ▪ Then well staking and permit approvals ▪ New location approvals expected early 2021 Leasing and Resources ▪ 3.5 BCF prospecti
Slide 16: Helium Pure-Play
For personal use only HELIUM PURE-PLAY Proven Helium Play Fairway High grade helium resource Low cost, high impact drilling program ASXBNL 16
Slide 17: Corporate Structure
CORPORATE STRUCTURE For personal use only Market Snapshot ASX: BNL Share Price Performance (to 16 October 2020) Market Snapshot ASX: BNL Issued Share Capital (at 12 Nov 20) 1,062M Unlisted Options (at 1.2¢ expiring Dec 21) 84M Share Price (at 12 Nov 20) A$ 3.9¢ Market Capitalisation A$ 41.4M Cash (a
Slide 18: Blue Star Helium Limited
For personal use only Blue Star Helium Limited (ASX: BNL) ACN 009 230 835 info@bluestarhelium.com www.bluestarhelium.com ASXBNL
Slide 19: Units & Glossary
UNITS & GLOSSARY For personal use only Unit Measure Unit Measure B Prefix - billions Bcf billion cubic feet mm Prefix - millions mmcf million cubic feet m Prefix - thousands mcf thousand cubic feet /d Suffix - per day Term Description 1U (P90), 2U (P50) and 3U In a probabilistic resource distributio
Slide 20: Mineral Rights in USA
For personal use only MINERAL RIGHTS IN USA 1. The system of mineral ownership and development in the USA is owners leases its mineral interests to a lessee, the lessee will have an the lease at its sole risk and expense (“working interest” or “WI”). The substantially different to the system in Aust
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