Cauldron Energy Limited · ASX:CXU
Cauldron Energy — Investor Presentation (August 2024)
24 slides from Cauldron Energy's investor presentation, Aug 15, 2024
Slide 1: Prosecuting the case for a uranium and nuclear future
ASX: CXU Cauldron Energy Limited ABN 22 102 912 783 For personal use only Prosecuting the case for a uranium and nuclear future August 2024 Jonathan Fisher Chief Executive Officer jonathan.fisher@cauldronenergy.com.au @cxuasx 1
Slide 2: Company Highlights
Company Highlights Uranium focussed; globally significant industry player. Highly leveraged to a lifting of the uranium ban in WA. • Nuclear recognised GLOBALLY as critical to delivering baseload electricity “International climate objectives will not for a low carbon future be met if nuclear power i
Slide 3: Corporate Overview
Corporate Overview Right team, right commodity, right project, massive potential Company Details Highly Experienced Management Team Company ASX Code CXU For personal use only Share Price as at close of market 9 August 2024 2.0c Ian Jonathan Fisher 12 month Low / High 0.6c – 5.8c Mulholland CEO Ordin
Slide 4: Despite the ban, WA already a uranium powerhouse
Despite the ban, WA already a uranium powerhouse 3 of WA’s top 25 companies on the ASX are uranium companies • The Western World’s largest uranium company For personal use only Cameco has 2 very large projects in WA • Yeelirrie • Kintrye • State Agreements – yet unable to develop! • Paladin and Deep
Slide 5: Global nuclear now in overdrive
Global nuclear now in overdrive Nuclear is recognised as a core technology to achieve Net Zero. Existing Modelling Showing MASSIVE Even under REFERENCE scenario, EVEN HIGHER - COP28 pledge to TRIPLE Increase in capacity MASSIVE shortfall in Uranium supply nuclear capacity For personal use only Mid C
Slide 6: Australia has a world class nuclear industry
Australia has a world class nuclear industry ANSTO’s OPAL reactor is a world leader in the production of Mo-99 for medical purposes, supplying between 25- 50% of world requirements. AUKUS will be delivering a fleet of small reactors to Australian shores. Conversion & Research & Medical Uranium Minin
Slide 7: Russian Ban AND Sapporo – Bifurcation is Here to Stay
Russian Ban AND Sapporo 5 – Bifurcation is Here to Stay The long term nature of the bifurcation increases the importance of securing the nuclear value chain from aligned partners. US Ban on Russian Uranium Sapporo 5 Alliance For personal use only Source: US Department of Energy, 2022 figures. • Ener
Slide 8: The uranium should come from Australia
The uranium should come from Australia World leading mining jurisdiction; geopolitically aligned and with significant expertise Australia has world largest resources Australian Production Trend (ASNO data) Australian Advantages Country Tonnes U Percentage of • Long history of production; but has • A
Slide 9: How Uranium is safely mined and exported from Australia
How Uranium is safely mined and exported from Australia Uranium is safely mined in South Australia and is transported on public roads and exported through container ports! Mining Production Mine to Port At the Port For personal use only 1 Olympic Dam, SA 3 Drum Production O.D. 5Securing the Load, Be
Slide 10: Denouncing the suggestion that WA can't do this safely
Denouncing the suggestion that WA can’t do this safely ✓ Highly supportive South Australian Labor Government and SA Environmental Protection Authority (EPA) Just look over the ✓ Union AMWU (SA Branch) supportive of uranium – same union where WA branch is border – SA has anti-uranium – shows lack of
Slide 11: Nuclear Waste – Not Green, Slimy or Leaky from Drums
Nuclear Waste – Not, Green, Slimy or Leaky from Drums A lot of Australians think nuclear waste is green and sludgy because of the Simpsons! Fantasy Reality Science Communicator Zion Transparency is the best policy – The Netherlands have turned For personal use only Lights at Sizewell B, UK their nuc
Slide 12: Yanrey: Globally Significant / Potential to Grow Substantially
Yanrey: Globally Significant / Potential to Grow Substantially High quality foundation asset with significant potential for growth; Planning for drill campaign underway (PoW recently approved by DMIRS) Location Regional factors Commentary For personal use only • Other major deposits in region, e.g.
Slide 13: Yanrey - Bennet Well Deposit
Yanrey - Bennet Well Deposit Significant Resource with multiple high priority extension targets. Resource Grade Contained Contained Tonne Category Metal Metal For personal use only (ppm s (Mt) (150 cutoff) eU3O8) Oxide (t) Oxide (Mlb) Indicated 21.9 375 8,230 18.1 Inferred 16.9 335 5,670 12.5 Signif
Slide 14: Yanrey Drilling Underway
Yanrey Drilling Underway Crews on the ground; commencement of 25,000m CY24 drill program is imminent For personal use only 14
Slide 15: Yanrey First Results; More to Come
Yanrey First Results; More to Come First results confirm the position and grade continuing of existing paleochannel; now getting started on step out targets • Results received for 20 holes for 2,663.5 metres1 For personal use only • Out of approx. 25,000 metres planned • 18 of 20 holes designed as i
Slide 16: Yanrey Exploration Target
Yanrey Exploration Target1 Significant number of high priority targets; to be drill tested in coming months. Maximum grade intersected to Target Size Number of Holes Proposed Tonnage and Grade Range Area Target Area ID Exploration Target Tonnes Grade date Category to Test Target in 2024 (Mt) (ppm eU
Slide 17: Yanrey Scoping Study – Compelling Economics
Yanrey Scoping Study – Compelling Economics1 Stage 1 scoping study shows highly attractive economics at prevailing market prices. NPV10 (pre tax) IRR (pre tax) For personal use only Payback Period Upfront Capital A$449M 79% 1.5 yrs A$118M Assuming US$75/lb and 0.70 Assuming US$75/lb and 0.70 AUD:USD
Slide 18: Project Next Steps
Project Next Steps Near term milestones focused on Melrose and Yanrey. For personal use only Engage market re broader Complete Scoping Study Expanded Heritage Survey Undertake approved drill Commence PFS uranium and nuclear policy (largely internal work) with indigenous partners campaign Yanrey Uran
Slide 19: Why overturn the Uranium ban NOW?
Why overturn Uranium the ban NOW? 1• Market conditions fundamentally different to 2017 – Global nuclear renaissance driving strong pricing into the long term For personal use only 2• WA needs to forward plan – ensure job stability in the mining sector as nickel, lithium, iron ore all face headwinds
Slide 20: Contacts
Contacts For personal use only Jonathan Fisher Chief Executive Officer linkedin icon circle jonathan.fisher@cauldronenergy.com.au Michael Fry Director / CoSec Michael.fry@cauldronenergy.com.au @cxuasx 20
Slide 21: Important Information
Important Information This Presentation may include statements that could be deemed ‘forward looking statements.’ Although the Company believes the expectations Forward Looking Statements expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaran
Slide 22: Competent Person Information
Competent Person Information The information in this Presentation that relates to Exploration Results for the Yanrey Project is extracted from a report released to the ASX on 8 August For personal use only Competent Person 2024 titled “Yanrey Uranium Project - First Drill Results Confirm and Extend
Slide 23: Mineral Resources – Bennett Well Deposit
Mineral Resources – Bennett Well Deposit The Mineral Resource (JORC 2012) estimate is: Inferred Resource: 16.9 Mt at 335 ppm eU3O8 for total contained uranium-oxide of 12.5 Mlb (5,670 t) at 150 ppm cut-off. Indicated Resource: 21.9 Mt at 375 ppm eU3O8 for total contained uranium-oxide of 18.1 Mlb (8
Slide 24: Yanrey Uranium Project – Exploration Target
Yanrey Uranium Project – Exploration Target The information in this Presentation that relates to an Exploration Target for the Yanrey Project is extracted from a report released to the ASX on 24 For personal use only Competent Person January 2024 titled “Yanrey Project Exploration Target” which is a
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