Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Shareholder Meeting (November 2008)
19 slides from Bannerman Energy's shareholder meeting presentation, Nov 24, 2008
Slide 1: Annual General Meeting
Annual General Meeting For personal use only 24 November 2008
Slide 2: Safe Harbour
Safe Harbour For personal use only Not for distribution to U.S. Newswire services or for dissemination in the United States This presentation contains certain forward-looking information about the Company that is intended to be covered by the safe harbour for “forward-looking statements” provided by
Slide 3: Contents
Contents For personal use only Highlights since last AGM Uranium Market Company Overview Namibia Etango Project Swakop River Project Exploration Summary Page 3
Slide 4: Highlights since last AGM
Highlights since last AGM For personal use only Identified new resource growth areas Increased Mineral Resource from 26.9 to 106mlb U3O8 Strengthened Board & Management capability Commenced Feasibility Studies Established Namibian infrastructure and country head Listed on the TSX & the NSX. Raised o
Slide 5: The Nuclear Future
The Nuclear Future For personal use only Uranium market not immune to the global credit crisis Recent Spot price movements lead by Hedge fund redemptions Spot Prices just now beginning to rebound Rössing Lungmen, Lungmen, Taiwan Production shortfall of ~10mlbs expected this year Long term pricing st
Slide 6: Capital Structure
Capital Structure as at 20 Nov 2008 For personal use only Issued & Outstanding Shares 167 million Share Price - ASX:BMN A$0.48 - TSX:BAN C$0.40 Options: Management & Directors 17.3 million Fully Diluted Shares 185 million Market Capitalisation A$89m (US$74m) Convertible Note Facility A$20 million Ma
Slide 7: Management & Board
Management & Board For personal use only Geoffrey Stanley, Non-executive Chairman • New York based, 25 years experience as a highly ranked analyst in Australia, Canada and US equity markets Len Jubber, Chief Executive Officer • Mining engineer with 20 years operations and leadership experience inclu
Slide 8: Namibia
Namibia For personal use only Modern, politically stable country with a long history of resource development & mining World class uranium province along mid-coastal region – produces ~8% of the world’s uranium Current uranium mining projects / operations include: • Rössing Mine commenced in ‘76 (69%
Slide 9: Erongo Uranium Province
Erongo Uranium Province For personal use only Trekkopje (238 Mlbs) Mlbs) Bannerman Tenements Valencia (63 Mlbs) Mlbs) Road Power Line Rossing (+300 Mlbs) Mlbs) Railway Primary Uranium Deposit Etango EPL3345 Rossing South (Nil) Secondary Uranium Deposit Swakop River EPL3346 ETANGO (106 Mlbs+) Eu rop
Slide 10: Etango Project
ETANGO PROJECT For personal use only WORLD CLASS URANIUM PROJECT Page 10
Slide 11: Etango Project
Etango Project For personal use only In excess of 100Mlbs U3O8 Alaskite (granite) hosted mineralisation analogous to Rössing Over 37km of highly prospective stratigraphy First target explored yielded world class Etango resource 2.5km long, 100m wide Target 150M lbs U3O8 Simple, low-cost, proven proc
Slide 12: Block Model & Pit Shell Snapshot
For personal use only Western extensions Block Model & Pit Shell Snapshot Oshiveli extensions Includes; 81m @309, Mineralisation from near 83m @ 213 & 30m @552ppm U3O8 surface over 2.6km Large tonnage provides economies of scale Moderate to low strip ratio Mineralisation open at depth Ondjamba and t
Slide 13: Etango Resource Estimate
Etango Resource Estimate For personal use only as at August 2008 Indicated Resources1 Inferred Resources1 Low Cut Tonnes Grade Metal (U3O8) Low Cut Tonnes Grade Metal (U3O8) (U3O8 ppm) (mt)1 (ppm) (mt)1 (mlbs) (U3O8 ppm) (mt)1 (ppm) (mt)1 (mlbs) 100 145 209 30.3 66.9 100 91.6 197 18.0 39.7 150 112.3
Slide 14: Project Focus – Recent Activity
Project Focus – Recent Activity For personal use only Updated resource estimate at the Etango open pit Advanced feasibility studies underway • Excellent preliminary metallurgical results • High recoveries at coarse grind sizes (~1000µm) • Low to moderate acid consumption (15- 20 kg/t) is highly prob
Slide 15: Etango Pit Environs
Etango Pit Environs For personal use only Highly prospective targets adjacent to Etango pit area If proven, new resources here would significantly improve the project’s economics Numerous alaskite outcrops ranging from 1.3 to 3 km long over 22 km Recent Oshiveli drilling; 81m@309, 83m@213 & 30m@552p
Slide 16: Etango Development Timetable
Etango Development Timetable For personal use only 2006 2007 2008 2009 2010 2011 Licences Granted EPA Approvals …Rapidly progressing towards production Res. Drilling (Etango) Resource Th Interim Res. ‘A’ ‘A’ eA upgrade im … Scoping Study TSX Listing Capital Raising To become a Top 10 World Expand Ex
Slide 17: Exploration – Targets Galore
Exploration – For personal use only Targets Galore ‘Gohare’ 2km long Target ??M lbs U3O8 ‘Ombuga’ 2 x 2km long each Over 37 km of prospective alaskite Target ??M lbs U3O8 stratigraphy Rossingburg ’13’ Rio 57.2m @ 230 ppm Target ??M lbs U3O8 Etango Pit A: First target drilled ‘Ombepo’ 2km long, ~100m
Slide 18: Exploration: Swakop River Project
Exploration: Swakop River Project For personal use only Surrounds Paladin Resources’ LANGER HEINRICH U deposit Bloedkoppie Prospect; •Extension of Langer Heinrich orebody •Extensive exposed areas of carnotite bearing calcretised sediments •Fieldwork confirms several square kilometers of potential •O
Slide 19: Summary
Summary For personal use only Resource base in excess of 100mlbs U3O8 Advanced feasibility study Fully funded to development decision Building development & operations capability Sole remaining independent company with major uranium project in established region First mine could project Bannerman in
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