Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Investor Presentation (August 2020)
18 slides from Peninsula Energy's investor presentation, August 2020
Slide 1: Debt-Free & Well-Funded, Rapid Restart Potential
Debt-Free & Well-Funded Rapid Restart Potential August 2020 CODE : PEN
Slide 2: Disclaimer & Competent Person
Disclaimer & Competent Person This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Presentation
Slide 3: Cautionary & Inferred Resources Notice
Cautionary & Inferred Resources Notice The Feasibility Study completed for the Lance Projects includes measured and indicated resources and an assumed resource conversion of 60% (inferred to indicated or greater). The purpose of the Feasibility Study is to demonstrate the Lance Projects economic via
Slide 4: US-Focused Uranium Producer with Rapid Re-Start Potential
US - Focused Uranium Producer with Rapid Re-Start Potential Term debt-free and well-funded with over US$10m in cash Direct access to the improving uranium market Low-capital pathway and rapid re-start potential following Final Investment Decision (FID) for Lance Applying a low pH extraction process
Slide 5: Corporate Overview
Corporate Overview Key Details Share Price Chart Price (A$/share) Volume (m) Shares on Issue 882m 0.25 30.0 25.0 0.20 Share Price (14 Aug 20) A$0.072 20.0 0.15 Market Capitalisation A$63.5m 15.0 0.10 10.0 Term Debt Nil 0.05 5.0 Cash (as of 30 June 2020) US$11.9m - 0.0 Jul 19 Sep 19 Nov 19 Jan 20 Mar
Slide 6: Lance Uranium In-Situ Recovery (ISR) Project, Wyoming, USA
Lance Uranium In-Situ Recovery (ISR) Project Wyoming, USA PENINSULA ENERGY LIMITED
Slide 7: A Tier-One, Long-Life Operation
A Tier-One, Long-Life Operation Lance is one of the largest US uranium projects in size and scale 53.6M lbs U3O8 JORC (2012) compliant resource base1 Current market capitalisation reflects only a modest valuation of ~A$1.18 per pound of resources Lance is licensed to produce up to 3M lbs U3O8 per an
Slide 8: Applying Industry-Leading Low pH Process
Applying Industry-Leading Low pH Process Historically US uranium ➢ Lance was originally licensed for alkaline ISR ISR projects utilised alkaline ➢ Laboratory testing in 2017 proved operational costs and production rates at Lance would significantly benefit from a low pH process extraction method Low
Slide 9: Technical Optimisation Activities
Technical Optimisation Activities Q2 ‘20 Q3 ‘20 Q4 ‘20 Q1 ‘21 Q2 ‘21 Q3 ‘21 Q4 ‘21 • Drill rig on-site • Further optimise low pH transition planning to complete • New field demonstration commenced remaining wellfield • Unmined area not subject to alkaline activity required for new field demonstratio
Slide 10: A Well-Defined Pathway to Production
A Well-Defined Pathway to Production INSTALL TRANSITION 6 MONTHS FACILITIES/ URANIUM PRODUCTION (OLD FIELD AREAS) DEVELOPMENT FOR URANIUM TECHNICAL FURTHER PRODUCTION FID* OPTIMISATION OFFTAKE > 12 MONTHS FROM NEW ACTIVITIES AGREEMENTS AREAS & STUDY & FUNDING UPDATES * Low pH implementation FID deci
Slide 11: An Established Uranium Contract Book
An Established Uranium Contract Book PENINSULA ENERGY LIMITED
Slide 12: Established and Proven Relationships
Established and Proven Relationships Sales Net Revenue of US$6-8 million secured in CY21, through established uranium contract book Binding purchase agreement to procure 400,000 lbs U3O8 The only junior uranium producer with long-term sales contracts extending to 2030, representing ~20% of projected
Slide 13: A Dynamic Uranium Market
A Dynamic Uranium Market PENINSULA ENERGY LIMITED 13
Slide 14: Uranium Market Disruptions
Uranium Market Disruptions The COVID-19 Pandemic has resulted in an unprecedented upheaval in the global uranium market Uranium demand has been quite resilient; however production disruptions have been significant; Global uranium leader Kazatomprom implemented major mine-site restrictions in April w
Slide 15: Key US NFWG Report Findings
Key US NFWG Report Findings US DOE “Strategy to Restore American Nuclear Energy Leadership” A comprehensive outline of potential actions designed to revive the capabilities of the US uranium mining, milling and conversion industries Strategy has strong bipartisan support Key NFWG Policy Recommendati
Slide 16: Fully-Funded, Right-Team, Right Location
Fully-Funded, Right-Team, Right Location Company is term-debt free and fully funded to meet all ongoing low pH ISR optimisation activities into CY2022 Peninsula is led by a highly-experienced and proven team with outstanding technical, operational and uranium experience Cash-flow generated by strong
Slide 17: Contact Details
Contact Details REGISTERED OFFICE Suite 22, 44 Kings Park Road West Perth, Western Australia 6005 Australia www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director +61 8 6263 4461 Ron Chamberlain Chief Financial Officer +61 8 6263 4461 PENINSULA ENERGY LIMITED
Slide 18: Appendix 1 – Resources
Appendix 1 – Resources Lance Projects Resource Estimate as at 31 December 2018 Tonnes Classification U3O8(kg) Grade (ppm U3O8) U3O8(lbs) (million) Measured 3.4 1.7 487 3.7 Indicated 11.1 5.5 495 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.4 479 53.6 1) JORC Table 1 included in an announcement to
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