Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Investor Presentation (June 2024)
23 slides from Bannerman Energy's investor presentation, June 2024
Slide 1: Investor Presentation June 2024
Investor Presentation JUNE 2024 ASX:BMN, OTCQX:BNNLF AND NSX:BMN
Slide 2: Cautionary statement: important notices
CAUTIONARY STATEMENT Important notices Of the Mineral Resources scheduled for extraction and recovery in the Etango-8 Definitive Feasibility Study (DFS) and Etango-XP / XT Scoping Study (Scoping Study), 100% are classified as Measured or Indicated. Bannerman Energy Ltd (Bannerman, the Company) confi
Slide 3: Forward looking and competent person statements
FORWARD LOOKING AND COMPETENT PERSON STATEMENTS 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 such as Mineral Resources “may”, “could”, “will”, “expect”, “
Slide 4: The leading next-generation uranium supplier of choice
ABOUT BANNERMAN ENERGY The leading next- generation uranium supplier of choice Our flagship Etango Project is one of the world’s largest, most advanced uranium development assets. Benefiting from its location in Namibia, a highly established uranium production powerhouse. Strongly de-risked through
Slide 5: Corporate snapshot
ABOUT BANNERMAN ENERGY Corporate snapshot CAPITAL STRUCTURE SHARE PRICE (ASX: BMN) ASX share price (21 Jun 2024) A$3.71 A$5.00 12 month share price range A$1.44 – A$4.87 A$4.00 Shares on issue 152.8 M A$3.00 Market capitalisation A$567 M A$2.00 Options and performance rights 4.2 M A$1.00 Average dai
Slide 6: The leading next-generation uranium supplier of choice
INVESTMENT HIGHLIGHTS The leading next- generation uranium supplier of choice 1 Licence to operate in Namibia, a stable, highly established uranium jurisdiction 2 Skilled delivery team with deep Namibian uranium expertise 3 Fully permitted with all environmental approvals and Mining Licence in place
Slide 7: Licence to operate in Namibia, a stable, highly established uranium jurisdiction
INVESTMENT HIGHLIGHTS 1. Licence to operate in Namibia, a stable, highly established uranium jurisdiction Recognised tier-one supplier to global utilities Rossing Husab 45-years of uranium production and export Etango Langer Heinrich Three large-scale uranium mines; Top 3 global producer Excellent i
Slide 8: Skilled delivery team with deep Namibian expertise
INVESTMENT HIGHLIGHTS 2. Skilled delivery team with deep Namibian expertise Gavin Chamberlain | Chief Executive Officer • 30+ years in project development/construction & contracting, currently based in Cape Town. • Former Regional Director, Mining for AMEC (now Wood plc) and COO of Kore Potash. • Pr
Slide 9: Fully permitted with all environmental approvals and Mining Licence in place
INVESTMENT HIGHLIGHTS 3. Fully permitted with all environmental approvals and Mining Licence in place Mining licence Environmental licence Etango Mining Licence awarded CONSENT TYPE DATE ACHIEVED December 2023 ECC 01608 (Etango Project) 5 July 2012 ECC 02193 (linear infrastructure) 26 July 2011 Earl
Slide 10: Strong technical and commercial viability demonstrated via Etango-8 DFS
INVESTMENT HIGHLIGHTS 15 years 113.5 Mt Initial mine life Total ore throughput 4. Strong technical and commercial viability demonstrated via 8 Mtpa 240 ppm Throughput capacity Average U3O8 head grade Etango-8 DFS • Conventional open pit mining and heap leach processing at 8Mtpa throughput 87.8% 3.5
Slide 11: Outstanding Etango-8 upside price leverage
INVESTMENT HIGHLIGHTS 4. Outstanding Etango-8 upside price leverage Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes1 Net cashflow (pre-tax) Post-tax NPV (8%) 4,500 43% 800 57% 141% 614 76% 3,000 2,537 US$mm US$mm 400 390 1,774 1,500
Slide 12: Further in-ground leverage via subsequent throughput expansion or life extension
INVESTMENT HIGHLIGHTS 4. Further in-ground leverage realisable via ETANGO-XP ETANGO-XT subsequent throughput (EXPANDED SCALE) Average 6.7 Mlbs U3O8 (EXTENDED LIFE) Average 3.5 Mlbs U3O8 expansion or life extension output pa (post exp.) output pa • World-class scale Etango deposit delivers 16 years 2
Slide 13: Further upside price leverage from Etango-XP / XT
INVESTMENT HIGHLIGHTS 4. Further upside price leverage from Etango-XP / XT Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes1 Net cashflow (pre-tax) Post-tax NPV (8%) Post-tax IRR 6,000 1,200 66% 45% 51% 211% Etango-XP 105% 4,079 905
Slide 14: Conventional production, technically de-risked through pilot-plant operation
INVESTMENT HIGHLIGHTS 5. Conventional production, technically de-risked through pilot-plant operation Proven flow sheet Fifteen years of technical de-risking Industrial-scale Heap Leach Demonstration Plant operated at site from 2015 validates flowsheet and key metallurgical parameters 14
Slide 15: Long track record of responsibility and sustainability
INVESTMENT HIGHLIGHTS 6. Long track record of responsibility and sustainability Early SRT Mondesa Environmental Youth Opportunities Learner Assistance Conservancy Tourism Education baseline monitoring Program Hospitality TOSCO since 2008 Trade Association of Namibia scholarships CTAN (NIMT) Rehabili
Slide 16: Delivering significant, lasting positive social and environmental impact
INVESTMENT HIGHLIGHTS 7. Delivering significant, lasting positive social and environmental impact 3.5 25 64 760 Mlbs U3O8 million million Namibian per annum, enough to power tonnes tonnes of carbon emissions avoided jobs 7-8 large nuclear of coal displaced by our production from nuclear power using
Slide 17: A clearly defined route for Etango development
THE PATHWAY AHEAD A clearly defined route for Etango development 1 Site access road enabling controlled access to mine site with minimal impact on surrounding area Early site works commenced – construction access and water supply US$2M contract awarded to 2 Temporary water Namibian-based contractor1
Slide 18: Roadmap to production
THE PATHWAY AHEAD Financing phase Roadmap to production Development phase Production phase ❑ Initial offtake agreements Expansion phase Contracting ❑ Build / optimise contract portfolio ❑ Strategic / project Financing financing ❑ FID by end 2024 ✓ FEED/CBE ❑ Site access Mining licence road Construct
Slide 19: One of the world's largest, most advanced uranium development assets
APPENDIX One of the world’s largest, Mineral Resource Estimate (55ppm U3O8 cut-off)1,3 Tonnes Grade Contained Resource category most advanced uranium Measured (Mt) 32.4 (ppm U3O8) 201 U3O8 (Mlb) 14.3 development assets Indicated 345.7 195 148.5 Inferred 140.6 200 62.0 Total 518.6 197 224.9 Globally
Slide 20: Systematically de-risked through the uranium cycle
APPENDIX Systematically de-risked through the uranium cycle BULL MARKET BEAR MARKET BULL MARKET Bannerman Etango 20 NI 43-101 Etango Etango DFS Nano-filtration Etango-8 lists on the Mtpa Scoping report 20 Mtpa optimisation study Scoping Study Unfolding ASX Study released released DFS delivered study
Slide 21: The uranium market resurgence is unfolding now
APPENDIX The uranium market resurgence is unfolding now 520 Utility contract demand building Upper Scenario for Uranium Supply and Demand (Mlbs U3O8) 455 Persistent • Rising confidence in medium- and long-term global uranium demand growth picture cumulative supply • Emerging Small Modular Reactor (S
Slide 22: Etango-8 DFS and Etango-XP / XT Scoping Study
APPENDIX Etango-8 DFS and Etango-XP / XT Scoping Study Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes Key Metrics Unit Etango-8 Etango-XP (second phase to 16 mtpa) Etango-XT (extended life at 8Mtpa) Physicals Total ore mined and pr
Slide 23: Contact details
CONTACT DETAILS Brandon Munro Executive Chairman Phone: +61 8 9381 1436 @Brandon_Munro Gavin Chamberlain Chief Executive Officer Phone: +61 8 9381 1436 Email: info@bmnenergy.com @BannermanEnergy 23