Slide 1: Building a Tier-One Uranium Producer
Building Click toa Tier-One edit Master title style Uranium Producer Click to edit Master text styles ● Second level o Third level Deep YellowFourthUpdate level Fifth level September 2020 John Borshoff Managing Director/CEO DYL: ASX / NSX (Namibia) 1 DYLLF: OCTQX
Slide 2: Nuclear Industry Overview
Nuclear Industry Overview ne as Deep Yellow
Slide 3: Growing Importance of Nuclear Energy
Growing Importance of Nuclear Energy Global emissions reached a record high 33Gt in 2018 and 2019 Electricity production generated 43% of global emissions in 2019 7% of global emissions saved in 2019 through nuclear power Nuclear power usage increased 2.4% in 2018 – fastest growth level since 2010 T
Slide 4: Significant Growth in Nuclear Demand Expected
Significant Growth in Nuclear Demand Expected 20 new reactors globally scheduled to be connected by end 2020 Increasing demand supported by aggressive reactor construction in China In 15 years China grew from 3 operating reactors to 47 today Aggressive growth to continue with ~8-10+ reactors schedul
Slide 5: Uranium Sector Outlook
Uranium Sector Outlook vital signs are excellent 5
Slide 6: Severe Recalibration of the Uranium Sector
Severe Recalibration of the Uranium Sector Massive industry contraction post Fukushima In 2011 ~420 uranium companies Explorers Today 62 companies world-wide: 11% 16% Potential Developers 10 government associated or multi-national uranium 46% producers Government & Multinationals 7 listed uranium pr
Slide 7: Strong Disconnect: Uranium Price Primed for Recovery
Uranium Price Primed for Recovery NUCLEAR DEMAND STRONG CLEAR URANIUM PRICE LAG Prevailing Operable Under U308 Date/Event Planned Proposed U308 Price Reactors Construction Required USD Strong Disconnect Feb 2011 (pre- 443 62 156 322 80kt $73/lb Fukushima) August 2020 439 56 108 329 80.5kt $30.85/lb
Slide 8: Market Cap Deterioration (2011 – 2020)
Market Cap Deterioration (2011 – 2020) 8
Slide 9: The Competitive Landscape Remains Fragmented and Technically Deficient
The Competitive Landscape Remains Fragmented and Technically Deficient Fukushima Impact on Global Uranium Sector Fukushima had a direct and tangible impact on the wider uranium industry, significantly reducing the total number of market players, the composition of the competitive landscape and its u
Slide 10: Expected Supply Shortage by 2023
Expected Supply Shortage by 2023 NUCLEAR UTILITY COMPLACENCY ON LOOMING SUPPLY SUFFICIENT URANIUM SUPPLY UNCERTAIN POST 2023 SHORTAGE OUTLOOK CONTINUES Major suppliers mothballing mines or exiting the sector Uranium price still languishing at low US$30/lb range despite recent COVID-19 led production
Slide 11: Deep Yellow Differentiated with a Unique Growth Strategy
Deep Yellow Differentiated with a Unique Growth Strategy 11
Slide 12: Corporate Overview
Corporate Overview Board Capital Structure – September 2020 Rudolf Brunovs Chairman Shares on Issue 245M John Borshoff * MD/CEO Market Cap (@ A$0.25/share) A$61M Gillian Swaby * Exec Director Net Cash (30 June 2020) ~ A$12.1M Christophe Urtel Non-Exec Director Major Shareholders Mervyn Greene Non-Ex
Slide 13: A Standout Uranium Team
A Standout Uranium Team A highly-credentialed team (majority ex-Paladin Energy) with proven success in the uranium sector, highlighted by: Strong project development, operational and corporate capabilities Highly experienced team who have successfully worked together in the past covering technical,
Slide 14: A Bold & Unique Strategy
A Bold & Unique Strategy Dual-Pillar Growth Strategy Well-Positioned to Deliver Organic and Inorganic Growth Strategy focused on establishing Deep Yellow as a low o Development of the Namibian Project cost, tier-one uranium producer Effective strategy execution requires a leadership team with a prov
Slide 15: Namibian Project Portfolio
Namibian Project Portfolio Overall Namibian Resources = 156.6Mlb U308 grading 320ppm Reptile Projects – 896km2 (DYL 100%) Palaeochannel/calcrete targets (Langer Heinrich style) – 114.2Mlb U308/281ppm Basement/alaskite targets (Rössing/Husab style) – 45.1Mlb U308/420ppm Nova Joint Venture Project 599
Slide 16: Exceptional 100% Conversion to Indicated Status
Exceptional 100% Conversion to Indicated Status NOW SUFFICIENT INDICATED RESOURCES FOR EXPANDED PFS RESERVE BASE • The Infill Drilling Central Tumas 3 converted 100% to Tumas 1, 2 and 3 Mineral Resources ( Status as of May 2020) Indicated Resource Tumas 3 Deposit - JORC 2012 U3O8 Deposit Category To
Slide 17: Highly Encouraging Metallurgical Results for PFS
Highly Encouraging Metallurgical Results for PFS • PFS test work on RC samples delivers equal to or better than assumptions used in the Scoping Study o Mass rejection for beneficiation >35% only 2.5% metal loss o Leach extraction >95% o Reduced reagent concentrations and leach residence time o Recov
Slide 18: Breakthrough Results on Nova JV - EPL3669
Breakthrough Results on Nova JV - EPL3669 Large anomalous mineralised zone identified at Barking Gecko in alaskite-type basement target Thick zones of uranium intersected Cumulative down hole thickness of 44m between 32m to 164m in TN236RC Grades vary from 216 to 385ppm eU3O8 4km x 1km highly prospe
Slide 19: Establishing a Multi-Project Global Uranium Platform
Establishing a Multi-Project Global Uranium Platform ● Unique Strategy ● Right Timing ● Standout Team ● Well Funded 19
Slide 20: A Significant Opportunity for Deep Yellow
A Significant Opportunity for Deep Yellow The Key Ingredients Available to Deep Yellow to Build a Tier-One Uranium Platform Experienced Bold & Proven Vision & Cohesive Unique Funding Uranium & Team Growth Support Track Leadership Across All Strategy Record Disciplines APPLIED TO Existing Sector Nami
Slide 21: Conclusions
Conclusions ● A re-energised, well-funded Company entering pre-development stage that is highly differentiated from other mid-sized uranium market players ● Outlook for uranium is very positive, with nuclear power integral to meeting clean energy targets ● Well positioned to continue successful exec
Slide 22: JORC Resources Table
JORC Resources Table Notes: Figures have been rounded and totals may reflect small rounding errors. XRF chemical analysis unless annotated otherwise. ♦ eU3O8 - equivalent uranium grade as determined by downhole gamma logging. # Combined XRF Fusion Chemical Assays and eU3O8 values. Where eU3O8 values
Slide 23: Disclaimer and Competent Person Statement
Disclaimer and Competent Person Statement This document has been prepared by Deep Yellow Limited Any statements, estimates, forecasts or projections with This presentation and its contents have been made available (Deep Yellow, DYL or the Company) in connection with respect to the future performance
Slide 24: For further information
For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited 24