Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Proactive's Melbourne & Sydney Investor Luncheons 2015
19 slides from Bannerman Energy's conference presentation, May 5, 2015
Slide 1: Etango Uranium Project: enhancing early mover advantage
For personal use only Etango Uranium Project enhancing early mover advantage Proactive’s Melbourne & Sydney Investor Luncheons 5 & 6 May 2015
Slide 2: Why Invest in Bannerman?
Why Invest in Bannerman ? For personal use only Strong outlook for medium term uranium price Well positioned to develop Etango • DFS complete and granted environmental permit • Strong balance sheet support • Highly regarded investment jurisdiction Un-paralleled leverage driven by • Historic lo
Slide 3: Corporate Snapshot
Corporate Snapshot as 1 May 2015 For personal use only Share price A$0.058 Shares - currently on issue ~369m Shares - fully diluted (for options, rights, convertible notes, Savanna settlement) ~528m Market capitalisation (undiluted) ~A$21.4m Top 20 shareholders ~60 % Cash on hand (as at 31 March 201
Slide 4: Demand – Asian & Middle East Growth Driven
Demand – Asian & Middle East Growth Driven # reactors 240 For personal use only 220 437 reactors operable Proposed in 30 countries, 200 Planned 65 under construction, 180 481 planned and proposed 160 Under Construction China on track to increase 140 Operable Reactors nuclear capacity from currently
Slide 5: Looming Deficit in Supply – Demand Balance
Looming Deficit in Supply – Demand Balance use only RJL Global Uranium Supply-Demand Balance 320 310 300 290 280 270 Falls into deficit in 2020E 260 Mlbs/yr U3O8 250 240 230 For personal 220 210 200 190 180 170 160 150 2015E 2016E 2017E 2020E 2021E 2022E 2026E 2027E 2028E 2014A 2018E 2019E 2023E 202
Slide 6: Risky Global Supply Dynamics
Risky Global Supply Dynamics For personal use only • Recent growth primarily from Kazakhstan. • Few producers. • Development cycle of uranium mines longer than other mines. Source: UxC 6
Slide 7: Strong Outlook for Medium Term Uranium Price
Strong Outlook for Medium Term Uranium Price For personal use only RJL Uranium Price Outlook $140 Uranium Price (US$/lb U3O8) $120 We forecast prices to begin increasing towards mine- incentiving levels (~US$70/lb) later in 2015 $100 $80 $70 $60 $60 $38 $45 2017E 2018E $40 $33 2016E $20 2014A 2015E
Slide 8: Bannerman Highly Leveraged to the Uranium Price
Bannerman Highly Leveraged to the Uranium Price Relative % change in pre-tax NPV against the U3O8 price For personal use only % change in pre-tax NPV 600% 500% 500% 400% 300% 200% 100% 33% 0% 75 80 85 90 95 100 US$ U3O8 / lb Historical Bannerman share price movement v U3O8 spot price Period U3O8 Spo
Slide 9: Significant Upside In Relative Valuation
Significant Upside In Relative Valuation For personal use only 9
Slide 10: Namibia – A Premier Uranium Mining Jurisdiction
Namibia – A Premier Uranium Mining Jurisdiction For personal use only Ranked most attractive African investment jurisdiction in Fraser Etango Institute Mining Company Survey. Uranium Project Swakopmund Political and social support of Windhoek Walvis Bay uranium mining. 5th largest uranium prod
Slide 11: Favourable Location Relative to Infrastructure
Favourable Location Relative to Infrastructure For personal use only 11
Slide 12: Development Ready – DFS & environmental permitting completed
Development Ready – DFS & environmental permitting completed For personal use only N Licence boundary 12
Slide 13: Globally Significant Scale (uranium only projects)
Globally Significant Scale (uranium only projects) For personal use only 400 361 2004 JORC / NI 43-101 Compliant Ore Reserves (Mlbs U3O8) 320 300 217 200 119 119 104 100 91 88 53 34 0 Valencia Forsys Bannerman ARMZ Etango Paladin Inkai Cameco/Kazatomprom Dornod Langer Heinrich Rio Tinto Rössing ARMZ
Slide 14: Value Inflection Point
Value Inflection Point For personal use only Completed Etango DFS in April 2012. o 6 – 9 Mlbs U3O8 annual production over 15 year mine life. o Etango is the fourth largest (based on ore reserves) uranium only project in the world. Heap Leach Demonstration Plant value inflection point in project
Slide 15: Conventional Sulphuric Acid Heap Leaching
For personal use only Conventional Sulphuric Acid Heap Leaching 50 day on – off cycle 15
Slide 16: Heap Leach Demonstration Plant
Heap Leach Demonstration Plant For personal use only 40 tonne sample loaded 3,000 tonne ore stockpile into crib 1 16
Slide 17: Why Invest in Bannerman?
Why Invest in Bannerman ? For personal use only Strong outlook for medium term uranium price Well positioned to develop Etango • DFS complete and granted environmental permit • Strong balance sheet support • Highly regarded investment jurisdiction Un-paralleled leverage driven by • Historic lo
Slide 18: Technical Disclosures and Forward-Looking Disclaimers
Technical Disclosures and Forward-Looking Disclaimers For personal use only This presentation should be read in conjunction with the release by Bannerman Resources Limited dated 10 April 2012 and entitled “Bannerman Reports Positive DFS Results and Milestone Agreement with Namibian State-Owned Minin
Slide 19: www.bannermanresources.com
www.bannermanresources.com Scale, Simplicity, Substance For personal use only
Bannerman Energy — Proactive's Melbourne & Sydney Investor Luncheons 2015 on 6ix