Deep Yellow Limited · ASX:DYL
Deep Yellow — Investor Presentation (February 2024)
27 slides from Deep Yellow's investor presentation, Feb 14, 2024
Slide 1: Building a Global Uranium Company
Building a Global Uranium Company Investor Presentation Strongly Placed and Perfectly Timed Bell Potter Unearthed 2024 Virtual Conference 14 February 2024 John Borshoff – Managing Director/CEO DYL: ASX / NSX (Namibia) DYLLF: OCTQX www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer Past performance update or revise any forward-looking statements whether as a result of new information, estimates, or options, future events or results or otherwise, unless required to do so by law. Statements regarding plans with respect to the This presentation has been prepared by Dee
Slide 3: Global Uranium Sector Market Cap Recovery (2011-2024)
Global Uranium Sector Market Cap Recovery (2011-2024) Combined Market Cap: Top 20 Listed Uranium Companies (US$ bn)(1) Total Market Value with Annual Uranium Spot Price Latest Uranium Post-Fukushima: Sector Turnaround Underway Price: US$104/lb 50 Annotated for annual uranium prices (US$/lb U3O8) US$
Slide 4: Global Uranium Sector Market Cap Recovery (2011-2024)
Global Uranium Sector Market Cap Recovery (2011-2024) Combined Market Cap: Top 20 Listed Uranium Companies (US$ bn)(1) Total Market Value with Annual Uranium Spot Price Latest Uranium Post-Fukushima: Sector Turnaround Underway Price: US$103/lb 50 Annotated for annual uranium prices (US$/lb U3O8) US$
Slide 5: Capital Structure – ASX300 Company - Performance FY23/Early FY24
Capital Structure – ASX300 Company - Performance FY23/Early FY24 1.80 120 Market Cap Range A$450M - A$1.06B 1.60 FY23 100 1.40 1.20 80 A$/Share1 1.00 60 0.80 0.60 Tumas Re-costed DFS 40 December 2023 0.40 Vimy Merger Tumas DFS Completion 20 Completion August 2022 February 2023 0.20 Share Price U3O8
Slide 6: Best Positioned Uranium Mid-Cap Company Globally
Best Positioned Uranium Mid-Cap Company Globally Deep Yellow has global diversity, which is seen as a necessity by off-takers – Tier-1, long-life projects located in two Tier-1 mining jurisdictions Significant production capability - once in production, Deep Yellow will be the largest pure-play uran
Slide 7: Uranium is Critical for a Clean Energy Future
01 Uranium is Critical for a Clean Energy Future www.deepyellow.com.au
Slide 8: Demand - Governments Pivoting Increasingly Towards Nuclear
Demand - Governments Pivoting Increasingly Towards Nuclear Increasing Inability for Global footprint Never such a top-down global concern renewables to expanding with ever- resurgence since the for energy deliver increasing number of 1970s oil shock security governments turning to nuclear power • Ea
Slide 9: Supply Under Major Pressure - Uranium Price Primed for Recovery
Supply Under Major Pressure - Uranium Price Primed for Recovery Degradation of Limited Long period of stagnation Exposes huge challenges uranium greenfield creating concerns to meet new demand supply developments industry unable to even with Page 1a of major 2 industry over opportunities respond to
Slide 10: Nuclear Fuel Cycle Under Severe Pressure - Greenfield projects needed!
Nuclear Fuel Cycle Under Severe Pressure - Greenfield projects needed! Increasing demand for conversion and enrichment services causing extraordinary price increases SWU trading at a 10 year high – US$155/SWU Fabrication Inevitable pricing pressure will move uranium price, as high demand works d
Slide 11: Strong Team and Well-Positioned for Further Growth
02 Strong Team and Well-Positioned for Further Growth
Slide 12: Best-in-Class Board and Team
Best-in-Class Board and Team Executive Leadership Team Chris Salisbury** Non-Executive Chairman A HIGHLY EXPERIENCED TEAM WITH A PROVEN TRACK RECORD Page 1 of 2 John Borshoff* CEO / MD ● Proven and successful track record of exploring, developing, Gillian Swaby * Executive Director financing and ope
Slide 13: Globally Diversified with Two Advanced, Long-Life Projects
Globally Diversified with Two Advanced, Long-Life Projects • Project portfolio provides diversity by asset, stage of Advanced-stage development and geographic location Early-stage to continue organic pipeline • Largest uranium resource base of any Omahola Alligator River ASX-listed company Namibia N
Slide 14: Diversified and Advanced Project Pipeline
03 Diversified and Advanced Project Pipeline www.deepyellow.com.au
Slide 15: Flagship Tumas Project, Namibia - Overview
Flagship Tumas Project, Namibia - Overview ● Uranium and mining friendly jurisdiction. 20–year Mining Page 1 of 2 Licence granted effective September 2023 • Allows the Project to progress towards production, establishing Tumas as the 4th uranium mine in Namibia ● Ore Reserves of 67.3Mlb increased by
Slide 16: Tumas Project Analysis (US$), Re-costed December ‘23
Tumas Project Analysis (US$), Re-costed December ‘23 Project Financials (Ungeared): Real Unit 75/lb 81/lb1 90/lb Key Commentary Project operating life Years 22 22 22 ● Head grade of U3O8 Produced Mlb 64 64 64 340ppm U3O8 (av) Gross revenue: total $M 4,950 5,314 5,908 ● Annual production Operating ma
Slide 17: Mulga Rock Project, Western Australia – 100% DYL
Mulga Rock Project, Western Australia – 100% DYL ● Project acquired through Vimy Resources merger Page 1 of 2 in August 2022 ● Located in the Tier-1 mining jurisdiction of Western Australia, with granted Mining Lease ● Globally significant Mineral Resource of 71.2Mt @ 570ppm for 90.1Mlb U3O8, positi
Slide 18: Mulga Rock Project - Activities
Mulga Rock Project - Activities ● Geo-metallurgical samples drilling program Page 1 of 2 ● Undertaking test work to quantify full in-ground Princess value of expanded uranium resource, critical minerals (Cu, Ni, Co, Zn) and rare earth elements (notably Nd/Tb/Dy/Pr) - expected completion in Q2 2024 A
Slide 19: Exceptional Exploration Upside
Exceptional Exploration Upside ALLIGATOR RIVER PROJECT, NORTHERN TERRITORY - 100% OMAHOLA BASEMENT PROJECT, NAMIBIA - 100% Page 1 of 2 ● Located in the world-class uranium province of Alligator ● Measured, Indicated and Inferred Resource base of 125Mlb River, which hosts some of the highest-grade ur
Slide 20: Looking Ahead - A Differentiated Company
04 Looking Ahead - A Differentiated Company www.deepyellow.com.au
Slide 21: Two Substantial, Advanced Uranium Projects to Produce +7Mlb
Two Substantial, Advanced Uranium Projects to Produce +7Mlb Page 1 of 2 Initial Investment Production Mulga Rock Project Tumas Project 1 2028 3.5 3.5 2026 2.0 3.0 3.6 3.6 3.6 1.5 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Tumas − 22.25YR LOM Mul
Slide 22: Key Workstreams
Key Workstreams Page 1 of 2 TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER M&A • Mid 2024 – 6-year Proven • Q1 2024 - New resource • Q2 2024 - Desktop • Ongoing - Continued focus Reserve drill out and upgrade for uranium, prospectivity appraisal to on accretive consolidation resource reporting critical mi
Slide 23: Best Positioned Pure-Play Uranium Investment
Best Positioned Pure-Play Uranium Investment Page 1 of 2 Deep Yellow is successfully establishing the right platform at the right time Uranium market backdrop creates exceptional opportunities in the post- Fukushima supply reconstruction era and taking advantage of a bifurcated market Experienced Bo
Slide 24: Thank You
Thank You For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited 24
Slide 25: Namibian Mineral Resources
Cut-off Tonnes U3O8 U3O8 U3O8 Resource Categories (Mlb U3O8) Deposit Category (ppm Namibian (M) (ppm) (t) (Mlb) Measured Indicated Inferred U3O8) BASEMENT MINERALISATION Mineral Resources INCA Deposit Indicated Omahola Project - JORC 2012 1 100 21.4 260 5,600 12.3 - 12.3 - Notes: INCA Deposit Inferr
Slide 26: Australian Mineral Resources
Cut-off Tonnes U3O8 U3O8 U3O8 Resource Categories (Mlb U3O8) Australian Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) Measured Indicated Inferred Mineral Resources Northern Territory Angularli Project - JORC 2012 1 Angularli Inferred 1,500 1.37 10,900 14,917 32.9 - - 32.9 Notes: Angularli Project
Slide 27: Ore Reserves
Ore Reserves Cut-off Tonnes U3O8 U3O8 U3O8 Reserve Categories (Mlb U3O8) Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) Proved Probable Namibia Tumas Project - JORC 2012 1 Tumas 3 Probable 150 44.9 414 18,600 41.0 - 41.0 Tumas 1E Probable 150 29.5 266 7,850 17.3 - 17.3 Tumas 1 and 2 Probable 150 13