Slide 1: ASX Announcement Presentation December 2019
Office C1, 1139 Hay Street West Perth WA 6005 +61 (0)8 6555 1816 www.marenicaenergy.com.au ASX Announcement Presentation December 2019 11 December 2019 Manager ASX Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir or Madam, Presentation – December
Slide 2: Investor Presentation December 2019
Acquire Explore U-pgradeTM Investor Presentation December 2019 ASX:MEY
Slide 3: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Chairman Andrew Bantock ASX Code MEY +25 years experience as Director, CEO and CFO roles primarily in mining Share Price (10 December 2019) $0.073 Managing Director Murray Hill +30 years experience in the mining Shares on issue 89.5
Slide 4: Investment Highlights
Investment Highlights Large scale Namibian tenement holdings with excellent uranium exploration potential A large portfolio of under-developed high-grade uranium assets in Australia Breakthrough U-pgrade™ beneficiation process shown to reduce cost at Marenica Project, providing Marenica with a first
Slide 5: Building a Uranium Business
Building a Uranium Business Strategy Acquire Acquisition of projects / tenements that meet a defined criteria Explore Strategic exploration of large tenement position in Namibia U-pgrade™ Value add through application of patented U-pgradeTM uranium beneficiation process Ability to Deliver on Strateg
Slide 6: Strategic Advantage
Strategic Advantage Resources + Technology • Largest Namibian uranium Large Uranium tenement holding Strategic Asset Base • Australian uranium asset portfolio Advantage • Tenements held in politically safe jurisdictions • Lower uranium price required to commence development • Able to expedite develo
Slide 7: Uranium Assets
Uranium Assets NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s Namibia • Largest uranium tenement holding (granted and in application) in uranium friendly Namibia • Drill results at Koppies recently delivered exceptional uranium mineralisation including 2 m at 4,504 ppm U3
Slide 8: Namibia
Namibia NAMIBIA AUSTRALIA Mile 72 Area Namib Marenica Other Angela Thatcher Soak Oobagooma JV’S JV’s Highly prospective tenements in uranium friendly Namibia • Namibia is a world-class uranium province Marenica Area with an established uranium mining industry • Namib Area – 2,494 km² in 9 EPL’s, 5 a
Slide 9: Namib Project
Namib Project NAMIBIA Namib Marenica Other AUSTRALIA Angela Thatcher Soak Oobagooma JV’s Drilling at Koppies recently delivered exceptional uranium mineralisation 2019 drill results at Koppies include: • KP055 – 13 m at 905 ppm U3O8 Including 2 m at 4,504 ppm U3O8 • KP045 – 10 m at 687 ppm U3O8 Incl
Slide 10: Marenica Project
Marenica Project NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s JORC Resource • Marenica Uranium Project, covers 321 km², in Namibia’s Erongo region (75%-owned) • Large 61 Mlb resource at 93 ppm U3O8 • Surficial calcrete hosted uranium deposit in same palaeochannel system
Slide 11: Namibian Projects
Namibian Projects NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s Large highly prospective land package • Tenements identified to have excellent exploration potential from exploration in the 1970’s • Tenements upstream of known palaeochannel deposits • Underexplored projec
Slide 12: Australian Projects
Australian Projects NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s 100% Owned • Angela deposit: 31 Mlb at 1,310 ppm U3O8 • Thatcher Soak deposit: 11 Mlb at 425 ppm U3O8 • Oobagooma deposit: historical resource (unable to report) Joint Venture Interests • Bigrlyi deposit:
Slide 13: Angela Project
Angela Project NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s High Grade Resource • Inferred resource of 31 Mlb at 1,310 ppm U3O8 • 25 km from Alice Springs and close to major infrastructure • Sandstone hosted, outcropping at surface • Development concept – open pit into
Slide 14: Thatcher Soak Project
Thatcher Soak Project NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s Calcrete Hosted Uranium Resource • Inferred resource of 11 Mlb at 425 ppm U3O8 • Located in same province as Yeelirrie, Centipede and Lake Maitland calcrete deposits • Low-cost mining with ore mostly les
Slide 15: Oobagooma Project
Oobagooma Project NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s Historical Resource • Paladin Energy Limited announced historical resource in 2015 • Located in Canning Basin, 75 km from Derby in Kimberley region • Mineralisation in Yampi Sandstone within palaeodrainage s
Slide 16: About U-pgrade
About UpgradeTM Patented technology differentiating Marenica from its peers What is U-pgradeTM • Marenica’s 100% owned and patented breakthrough beneficiation process • U-pgrade™ rejects >95% of mass prior to leach • U-pgrade™ shown to increase Marenica Project ore grade from 93 ppm to ~5,000 ppm U3
Slide 17: The Uranium Market
The Uranium Market 71 165 315 40% Nuclear reactors Nuclear reactors Nuclear reactors Est. global demand under construction planned proposed growth by 2025 Uranium industry outlook better than The 2018 U3O8 consumption ever. outweighed the combined primary and Nuclear industry consuming more secondar
Slide 18: Peer Valuation
Peer Valuation MEY has the lowest Market Cap to Resource Pounds ratio compared to its peers Market Cap / Resource Pounds 0.50 70 Mkt Cap/Pounds 0.45 Market Capitalisation 60 0.40 Market Cap / Resource Pounds Market Capitalisation ($M) 0.35 50 0.30 40 0.25 30 0.20 0.15 20 0.10 10 0.05 0.00 0 Deep Yel
Slide 19: Contact
Contact Murray Hill Jane Morgan Managing Director Investor Relations murray.hill@marenicaenergy.com.au jm@janemorganmanagement.com.au +61 417 001 020 +61 405 555 618 18
Slide 20: Australian JORC Resource Table
Australian JORC Resource Table Cut-off Total Resource Marenica Share Deposit Category (ppm Tonnes U3O8 U3O8 V2O5 V2O5 Marenica Tonnes U3O8 U3O8 V2O5 V2O5 U3O8) (M) (ppm) (Mlb) (ppm) (Mlb) Holding (M) (ppm) (Mlb) (ppm) (Mlb) Australia - 100% Holding Angela Pamela JORC 2004 Inferred 300 10.7 1,310 30.
Slide 21: Competent Persons Statement
Competent Persons Statement Marenica Uranium Project: The Company confirms that the Resource Estimate referred to for the Marenica Uranium Project has not changed since the annual review included in the 2019 Annual Report. The Company is not aware of any new information, or data, that effects the in