Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Australian Uranium Conference 2011
24 slides from Bannerman Energy's conference presentation, Jul 20, 2011
Slide 1: Australian Uranium Conference
For personal use only Australian Uranium Conference Fremantle, Western Australia 20 July 2011
Slide 2: Technical Disclosures and Forward-Looking Disclaimers
Technical Disclosures and Forward-Looking Disclaimers For personal use only Certain disclosures in this presentation, including management's assessment of Bannerman Resources Ltd’s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other f
Slide 3: Corporate Snapshot
Corporate Snapshot As at July 19, 2011 For personal use only Share price A$0.43 Shares - currently on issue 234 M Shares – fully diluted (for options, rights, convertible note and contingent issues) 276 M Market capitalisation (undiluted) A$101M / US$107M Average daily traded volume in last 14 month
Slide 4: Objectives for 2011
Objectives for 2011 For personal use only 1. Progress the Etango DFS. 2. Continue to improve project economics. 3. Secure development partner(s). 4. Obtain permitting approvals and licences. 5. Exploration program. 4
Slide 5: Acquisition Proposal
Acquisition Proposal For personal use only • July 9, 2011 – conditional proposal submitted by Chinese group Hanlong to acquire 100% of Bannerman for A$0.612 cash per share by way of a scheme of arrangement. • Hanlong is one of China’s largest privately-owned enterprises. • Indicative of China’s inte
Slide 6: The Etango Difference
The Etango Difference For personal use only Scale 5-7 Mlbs U3O8 per year over +20 year open pit mine life. 212 Mlbs U3O8 deposit defined (top 15 largest undeveloped deposit). Simplicity Shallow deposit and close to established infrastructure. Uniform and simple mineralogy facilitates efficie
Slide 7: Bannerman's leverage to the uranium price
Bannerman’s leverage to the uranium price For personal use only 7
Slide 8: Top Global Project Contained Resources of Pure Uranium Projects
Top 15 Global Project For personal use only Contained Resources (Mlbs U3O8) Developing of Pure Uranium Projects Producing 1,000 856 Proposed bid by CGNPC 800 619 600 502 488 446 407 ARMZ acquisition completed 400 343 261 256 212 173 200 101 80 0 Lethlakane Etango Inkai Rössing Husab Elkon Ranger/Jab
Slide 9: Namibia
Namibia Premier uranium mining jurisdiction For personal use only Stable democratic government. Etango Uranium 4th largest uranium producing Project Swakopmund Windhoek country – ambitions to grow. Walvis Bay Established infrastructure. 35 years of uranium mining – Rio Tinto, Paladin & Areva
Slide 10: Erongo Uranium Province
Erongo Uranium Province 212Mlbs U3O8 (Etango), nearby infrastructure & 1,300km2 landholding For personal use only 10
Slide 11: Proven Track Record of Resource Growth
Proven Track Record of Resource Growth A consistent growth story at <US$0.25 per lb U3O8 For personal use only * * Bannerman holds an 80% interest in the Etango Project through its Namibian subsidiary. All details reported are for 100% of the Project. 11
Slide 12: Etango – A Unique Deposit
Etango – A Unique Deposit For personal use only ~90% of mineralisation within alaskite. 70% of deposit within 200 metres of surface. Low pre-strip and waste/ore ratio of 3.5 to 1. Low in acid consuming carbonates. Rapid and uniform leaching, with consistently high recoveries. Little, if
Slide 13: Etango – Project Layout
Etango – Project Layout For personal use only Onkelo Substantial room for improvement: Oshiveli • Project layout. N West Waste Etango Deposit East Waste • Crusher feed strategy. Rock Dump Rock Dump • Leach residue storage. Anomaly A • Utilisation of Inferred Resources. Crushing Ondjamba Plant Deposi
Slide 14: Plant Throughput & Material Movement
Plant Throughput & Material Movement The pursuit of unit cost efficiencies For personal use only PFS DFS • 15Mtpa. • Up to 20Mtpa. • Stockpiling of 5-7Mt of feed Throughput • Resource doubled in the PFS. per year. • Optimised for location of waste • Centered on plant location. Project Layout rock du
Slide 15: Material Movement Optimisation
Material Movement Optimisation Deferral of waste strip on 20Mtpa throughput scenario For personal use only 15
Slide 16: Material Movement Optimisation: Waste Dump Locations
Material Movement Optimisation Comparison of Waste Dump Locations For personal use only PFS (December 2010) DFS – Work in Progress 16
Slide 17: Heap Leach Column Tests
7m column - Progressive U extraction and acid consumption 100% 25.0 90% Recovery & Acid Consumption kg/ t ore For personal use only 80% 20.0 70% acid leach stopped; Processing Costs U extraction -% water rinse commenced. 60% 15.0 Consistent leaching, rapid initial slow acid consumption relative to
Slide 18: Favourable Nature of Feed
Favourable Nature of Feed Granitic - sand & gravel like, with no clay For personal use only Benefits High permeability. Uniform leach results. Geotechnical stability supports heap leaching and possibly co-disposal of coarse leach residue with waste rock. 18
Slide 19: DFS Timetable
For personal use only 19 DFS Timetable
Slide 20: The Etango Advantage – Simple, Big & Accessible
The Etango Advantage – Simple, Big & Accessible For personal use only Scale & Longevity 212Mlbs U3O8 deposit and 5-7 Mlbs per annum. +20 year mine life. Low sovereign risk Politically stable with established mining legislation. 35 year history of uranium mining and exporting. Established i
Slide 21: Scale, Simplicity, Investment Leverage
www.bannermanresources.com For personal use only Scale, Simplicity, Investment Leverage
Slide 22: Mineral Resource Statement
APPENDIX Mineral Resource Statement As at July 2011 For personal use only Etango Project* Mineral Resource Estimate at a cut-off grade of 100ppm U3O8 Category Tonnes Grade Contained U3O8 (Mt) (ppm U3O8) (Mlbs) Measured 62.7 205 28.3 Indicated 273.5 200 120.4 Measured & Indicated 336.2 201 148.7 Infe
Slide 23: Recent leaching testwork - Swakopmund
APPENDIX Recent leaching testwork - Swakopmund For personal use only 23
Slide 24: Dynamic on/off Heap Leach Pad
APPENDIX Dynamic on/off Heap Leach Pad Proven in large, low grade copper operations in South America For personal use only Dynamic on/off pad Stacking and reclaiming “Racetrack” end Central conveyors Stacker Reclaim bucket wheel 24
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