Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — World Nuclear Fuel Cycle 2023
35 slides from Bannerman Energy's conference presentation, Apr 20, 2023
Slide 1: Etango – Namibian uranium meeting tomorrow's key supply criteria
Etango – Namibian uranium meeting tomorrow's key supply criteria World Nuclear Fuel Cycle, The Hague, 20 April 2023 1
Slide 2: Important notices
Important notices Cautionary Statement Of the Mineral Resources scheduled for extraction and recovery in the Etango-8 Defined Feasibility Study production plan, 100% are classified as Measured or Indicated. Bannerman Energy Ltd (Bannerman, the Company) confirms that there are no Inferred Resources i
Slide 3: Important notices
Important notices Forward Looking Statements Competent Person Statement This presentation includes various forward looking statements which are identified by the use of forward looking words Mineral Resources such as “may”, “could”, “will”, “expect”, “believes”, “intend”, “plan”, “estimate”, “antici
Slide 4: Social leadership in the supply of raw materials for emissions free power
ABOUT BANNERMAN ENERGY Social leadership in the supply of raw materials for emissions free power 4
Slide 5: Globally significant impact
EVERY YEAR ETANGO-8 WILL DELIVER Globally significant impact 64 million 760 25 million Namibian 3.5 Mlbs tonnes tonnes jobs U3O8 Carbon emissions The equivalent avoided from nuclear 760 well paid direct Enough uranium to amount of coal that power using our jobs and a multiplier power 7-8 large our p
Slide 6: Proximate, Low risk, Long term, Expandable, Socially responsible
q Proximate Etango q Low risk Uranium Project q Long term q Expandable q Socially responsible 6
Slide 7: Proximate
Proximate Near term production 7
Slide 8: The Etango journey
HISTORICAL TESTWORK AND STUDY PROVIDES STRONG DE-RISKING The Etango journey Etango-8 development Leadership change (3.5 Mlbs pa) NI 43-101 report Etango-8 Scoping Study Etango heap leach BMN listed on ASX de-risking complete You are here Etango Pre-Feasibility Study Demonstration EPL3345 project acq
Slide 9: Established tenure and environmental permitting
PATHWAY CLEAR OF TYPICAL URANIUM ROADBLOCKS Established tenure and environmental permitting Environmental Mining Clearance Licence Certificate application lodged awarded for Etango mine Environmental Community, Clearance political and Certificate government awarded for power support for lines, water
Slide 10: The Etango production window
NEAR TERM PRODUCTION The Etango production window Contracting Financing Construction Production (3.5Mlbs pa) Expansion 2023 2024 2025 2026 2027 2028 2029 2030 10 Development Production
Slide 11: Deep Namibian, uranium and nuclear expertise
DEVELOPMENT AND PRODUCTION EXPERIENCE Deep Namibian, uranium and nuclear expertise Ronnie Beevor Brandon Munro NED, Chairman MD & Chief Executive Officer Mike Leech Gavin Chamberlain Non-Executive Director Chief Operating Officer Alison Terry Werner Ewald Non-Executive Director Managing Director, Na
Slide 12: Low Risk
Low Risk Simple, conventional and low technical risk project. Established, reliable jurisdiction 12
Slide 13: Low technical risk
PROVEN FLOW-SHEET DE-RISKED OVER SEVERAL YEARS Low technical risk Etango-8 Flow Sheet (PFS) 13
Slide 14: Namibia
PREMIER URANIUM JURISDICTION Highly established nuclear regulatory regime Namibia ü Top 3 global uranium player ü 45 year production history and export credentials ü Three large-scale mines: Rossing, Husab, Langer Heinrich Ideal jurisdiction for uranium development ü Politically/socially supportive
Slide 15: Long term
Long term Decades-long supply source Image courtesy Oklo Inc 15
Slide 16: 15 year mine life… initially
INITIAL PRODUCTION OF 3.5 Mlbs 15 year mine life… initially • Capacity to extend production beyond 15 years • Option of expanding production beyond 3.5 Mlbs per annum • Geological continuity below resource Rossing uranium mine, Namibia 16
Slide 17: Multi-decade uranium inventory
ETANGO-8 RESOURCES AND RESERVES1 Multi-decade uranium inventory 1. For full details of the Mineral Resources and Ore Reserve estimate and disclosures, please refer to Satellite ASX release dated 6 December 2022, “Etango-8 Definitive-Feasibility Study”. The Mineral Resources 225 Mlbs U3O8 underpinnin
Slide 18: The Etango ore body
OVER 300,000m OF DRILLING DEFINES WORLD-CLASS SCALE ORE BODY The Etango ore body 18
Slide 19: Likely ore-body extension below existing resource
ORE BODY OPEN AT DEPTH PLUS SATELLITE DEPOSITS Likely ore-body extension below existing resource 19
Slide 20: Expandable
Expandable Up to 7.2 Mlbs per annum 20
Slide 21: Comparison of pit shell (15 years)
ETANGO-8 IS A SUBSET OF ETANGO-20 Comparison of pit shell (15 years) Final Etango-8 Interim 20Mtpa Etango Final 20Mtpa Etango 2021 PFS Pit 2015 DFS Pit 2015 DFS Pit (8 pushbacks) (6 pushbacks) (8 pushbacks) 21
Slide 22: Layout and infrastructure
FUTURE EXPANSION CONSIDERED IN INFRASTRUCTURE AND DESIGN Layout and infrastructure 22
Slide 23: Socially Responsible
Socially Responsible We are changing lives in Namibia 23
Slide 24: Recognition for our outstanding ESG credentials
LEADING THE NEXT GENERATION OF URANIUM PRODUCERS Recognition for our outstanding ESG credentials 24
Slide 25: Recognition for our outstanding ESG credentials
LEADING THE NEXT GENERATION OF URANIUM PRODUCERS Recognition for our outstanding ESG credentials 25
Slide 26: Strong ESG credentials built over 15 years
Strong ESG credentials built over 15 years Mondesa Early SRT Conservancy Environmental baseline Youth Opportunities Learner Assistance Tourism Education monitoring since 2008 Program Hospitality TOSCO Association of Namibia Trade scholarships CTAN (NIMT) Rehabilitation Environmental of Namib desert
Slide 27: Early Learner Assistance program
SOCIAL Early Learner Assistance program 6 Regions of Namibia Improve the rate of children dropping out of school, to Launched in ultimately keep them out of the 15,000 kms 2011 poverty cycle. travelled School uniforms, shoes, backpacks & role models 27
Slide 28: We've impacted the life of 3,300 children since 2011
We’ve impacted the life of 3,300 children since 2011….And we aren’t even generating revenue yet 28
Slide 29: Mining-Tourism partnership
Mining-Tourism partnership Bannerman’s partnership with the Namibian tourism sector has been cited internationally as a case study in exceptional community engagement In the Erongo Region of Namibia, mining and tourism were adversaries, after years of mutual suspicion and fear Our authentic engageme
Slide 30: One Economy Foundation
SOCIAL One Economy Foundation Why partner with One Economy Foundation? One Economy Foundation is a Namibian non-profit helping to ü Close alignment of OEF’s community development build a bridge of economic programs and Bannerman’s development opportunity between the dual philosophies economy. In 201
Slide 31: Environmental leadership in the Namib desert
Environmental leadership in the Namib desert “We found that Bannerman sets the highest environmental standards for all aspects of their operation. We applaud Bannerman for its openness and for setting an example.” Namibian Chamber of Environment 31
Slide 32: Remaining steps to production
PROXIMATE, LOW RISK, LONG TERM, EXPANDABLE, SOCIALLY RESPONSIBLE Remaining steps to production ü Technical work complete (resource, mineralogy, metallurgy, processing, etc) ü Heap Leach demonstration plant operated between 2015-2019 ü Environmental approvals in place ü Definitive Feasibility Study c
Slide 33: Meeting tomorrow's key supply criteria
ETANGO-8 Meeting tomorrow's key supply criteria Globally significant output Robust economics and Environmental approvals of 3.5 Mlbs pa with further low hurdles to with strong community expansion scalability development and government support Namibia a premier Streamlined development Low technical r
Slide 34: Contact
CONTACT Brandon Munro Chief Executive Officer E: info@bmnenergy.com T: +61 8 9381 1436 @BannermanEnergy @Brandon_Munro Image courtesy Oklo Inc 34
Slide 35: Appendix A: Bannerman team
Appendix A: Bannerman team Strong and experienced board Skilled management with Namibian expertise § 20+ years’ transactional and financing experience as a § 40+ years’ investment banking experience incl. head of Ronnie Beevor Brandon Munro corporate lawyer and resources executive. Rothschild Austra