Berkeley Energia Limited · ASX:BKY
Berkeley Energia — Investor Presentation (February 2016)
23 slides from Berkeley Energia's investor presentation, Feb 4, 2016
Slide 1: Corporate Presentation February 2016
For personal use only Corporate Presentation February 2016
Slide 2: A high impact clean energy investment
For personal use only A HIGH IMPACT CLEAN ENERGY INVESTMENT THAT’S GOOD FOR THE ENVIRONMENT, THE COMMUNITY AND SHAREHOLDERS.
Slide 3: Renewables alone cannot deliver our clean energy future
For personal use only RENEWABLES ALONE CANNOT DELIVER OUR CLEAN ENERGY FUTURE THE UK WILL NEED ANOTHER 32,000 WIND TURBINES TO MEET THE 2050 CARBON TARGETS IT’S NOT A QUESTION OF RENEWABLES OR NUCLEAR BUT RENEWABLES AND NUCLEAR Source: Department of Energy and Climate Change
Slide 4: With only one uranium mine Europe's security of supply is critical
WITH ONLY ONE URANIUM MINE WITH ONLY EUROPE’S ONE URANIUM SECURITY MINE EUROPE’S OF SUPPLY IS CRITICAL For personal use only SECURITY OF SUPPLY IS CRITICAL 160 160 +300 +300 “New Fleet of Nuclear Reactors” Source: World Nuclear Association Amber Rudd November 2015
Slide 5: Salamanca has enough recoverable uranium to power UK electricity for five and half years
For personal use only THE SALAMANCA PROJECT HAS ENOUGH RECOVERABLE URANIUM TO POWER THE WHOLE OF THE UK’S ELECTRICITY NEEDS FOR FIVE AND HALF YEARS David Talbot Dundee Securities September 2015
Slide 6: Highly experienced management team has developed three major mines in Spain
For personal use only HIGHLY EXPERIENCED MANAGEMENT TEAM HAS DEVELOPED THREE MAJOR MINES IN SPAIN EU, NATIONAL AND REGIONAL APPROVALS COMMENCING SITE WORKS MID-2016
Slide 7: Local community suffering desertification and unemployment
LOCAL COMMUNITY SUFFERING DESERTIFICATION AND INTER-GENERATIONAL UNEMPLOYMENT For personal use only
Slide 8: Salamanca is a high-impact project
SALAMANCA IS A HIGH-IMPACT PROJECT For personal use only Bring into production = NPV £1.31 per share (at current Uranium prices) Strategically located world class asset highly geared to US$ Uranium price Potential to get much bigger with Exploration targeting multiple Zona 7’s
Slide 9: Salamanca has a rare combination of ultra-low capital and operating costs
SALAMANCA HAS A RARE COMBINATION OF ULTRA-LOW CAPITAL AND OPERATING COSTS For personal use only “Best in class “Optimization studies aiming for capital cost per pound” lowest cost producer” Source for Non-Berkeley Figures: Dundee Securities, Public Company Estimates Source for Non-Berkeley Figures:
Slide 10: China and India spending US$227 billion building new reactors
CHINA AND INDIA SPENDING US$227 BILLION BUILDING UP TO 14 NEW REACTORS A YEAR For personal use only
Slide 11: The only large-scale low-cost project being developed in Europe
THE ONLY LARGE-SCALE LOW-COST PROJECT BEING DEVELOPED IN 2016 For personal use only
Slide 12: Uranium supply and demand
For personal use only ce World Nuclear Association, The Nuclear Fuel Report September 2015, Reference Scenario for Supply & Demand
Slide 13: The uranium price rise will be violent
For personal use only THE URANIUM PRICE RISE - WILL BE VIOLENT Dave Rob Chang Talbot Cantor Dundee Fitzgerald Securities June 2015 September 2015 Uranium Contracted Uranium Price 2018-2021 US and EU uncovered utility positions quadruple to 83% USDOE/EIA and ESA reports (data current as of 31 Decembe
Slide 14: Targeting multiple high impact exploration Zona 7's
TARGETING MULTIPLE HIGH IMPACT EXPLORATION ZONA 7’S For personal use only Zona 7 7 ZONA 10 kms PROCESS PLANT
Slide 15: Berkeley share price (BKY.L)
BERKELEY SHARE PRICE (BKY.L) For personal use only Severstal bid £1.23 Near term share price targets: David Talbot in October 2010 (pre ZONA 7 discovery) Dundee Securities Paul Smith WH Ireland £1.00 Lists BKY as #1 Pick 2016 Phil Swinfen Numis £1.00 David Talbot Dundee £0.90 Dr Brock Salier GMP £0.
Slide 16: Analyst and shareholder views on the Salamanca Project
“The Salamanca Project is For personal use only rapidly becoming one of the world’s best undeveloped, near production uranium assets ..this is a very exciting story.” Julian Treger CEO Anglo Pacific (BKY major shareholder) Rated by Argonaut as one of the “best undeveloped projects” with an IRR of 93
Slide 17: Information Slides
For personal use only Information Slides
Slide 18: Executive Team and Key information
Executive Team Key information Paul Atherley – Managing Director For personal use only Mining engineer and MBA with over 25 years industry operating experience. Board of Directors Previously MD of Leyshon Resources based in Beijing and formerly Executive Director of the Investment Bank arm of HSBC A
Slide 19: Salamanca production profile
Salamanca production profile For personal use only 6.0 5.0 4.0 (Mlb U3O8) 3.0 2.0 1.0 - 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Retortillo Zona 7 Alameda
Slide 20: Pre-feasibility capital & operating costs
Pre-feasibility capital & operating costs For personal use only Life of Mine Operating Cash Costs Retortillo up-front capex Cost (US$/lb U3O8) Description Cost (US$ m) Zona 7 Retortillo Alameda Mining (pre-strip) 7.6 Mining 4.95 12.72 8.40 6.04 Processing 36.4 Processing (including ripios backfill)
Slide 21: Exploration targets
For personal use only Exploration targets
Slide 22: Mineral resources
Mineral resources For personal use only Deposit Resource Tonnes U3 O8 U3O8 Note: the Pre-Feasibility Study and Name Category (Mt) (ppm) (Mlbs) Production Target were based solely on Retortillo Measured 4.1 498 4.5 Indicated and Measured resources at Indicated 11.3 395 9.8 Retortillo, Zona 7 and Alam
Slide 23: Important notices
Important notices Disclaimer Notice The material in this presentation (‘material’) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Berkeley Energia Limited ‘(‘Berkeley’) nor does it form the basis of any contract or commitment. Berk
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