Asarian Energy Limited · TSX:ARN
Asarian Energy — Forsys Metals — Investor Presentation (May 2024)
19 slides from Asarian Energy's investor presentation, May 2024
Slide 1: Corporate Presentation May 2024: Accelerating the Norasa Uranium Project in Namibia
Corporate Presentation MAY 2024 Accelerating the Norasa Uranium Project in Namibia forsysmetals.com 1 TSX:FSY
Slide 2: Forward-Looking Statements
Forward-Looking Statements The data contained in this presentation is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities. The reader agrees to
Slide 3: Uranium Demand is driving a new Bull Market
Uranium Demand is driving a new Bull Market WNA supply / demand reference scenario * Exciting market as U3O8 price rapidly increasing $105.75/lb § in 2022/23, only 76% of world reactor requirements were covered by primary uranium supply § by mid-2020s, restart of idled capacity expected, however dec
Slide 4: Namibia: well-established mining-friendly Jurisdiction
Namibia: well-established mining-friendly Jurisdiction vpolitically stable and low risk jurisdiction § Government regulation, fair tax & support to grow mining sector § Fraser 2021 Survey of mining jurisdictions (1st in Africa, 26th in World) v 3rd largest producer in 2022 * § 2nd largest producer o
Slide 5: Namibia's Uranium District
Namibia’s Uranium District Norasa is situated in the Erongo Region vNamibia hosts three Tier-1 operational mines Trekkorie Mine § CNNC’s Rössing Mine (48 years in production) Elevate Uranium Norasa Project § CGN’s Husab Mine (7 years in production) Project Namibplaas § Paladin’s Langer Heinrich Mine
Slide 6: Forsys' Flagship Norasa Uranium Project
Forsys’ Flagship Norasa Uranium Project Norasa project comprises Valencia and Namibplaas deposits 4.5km apart v ML 149 Valencia: 25-year licence till June 2033, renewable v EPL3638 Namibplaas: 2-year licence till Feb 2026 o awaiting decision from Mineral Licensing Advisory Committee (MLAC) o ML appl
Slide 7: Summary of 2024 Mineral Reserve Estimate
Summary of 2024 Mineral Reserve Estimate Mass Average Grade Material Content Contained Metal U Class Deposit Mt eU3O8 U3O8 tonnes (metric) (ppm) Mlbs Valencia East Valencia Main 7.6 171 2.9 1,099 Measured Namibplaas Norasa 7.6 171 2.9 1,099 Valencia East Valencia Main 144.3 134 42.6 16,368 Indicated
Slide 8: Pit Design Block Model
Pit Design Block Model Ø The updated resource block model is used to assess open pit economic models. Pit slope design parameters are being reviewed to include lithological logging and geomechanical test work from additional drilling; Ø Mineralisation is strongly associated with alaskite intrusions,
Slide 9: Upside Potential – planned Drilling Targets: Valencia
Upside Potential – planned Drilling Targets: Valencia v From historic ground radiometric survey data, areas of mineralization potential were delineated in view of resource upside and the proposed infrastructure development. v Explorationtargets/ areasfor sterilizationdrillingdefined: • Jolie Zone (~
Slide 10: Upside Potential – planned Drilling Targets: Namibplaas
Upside Potential – planned Drilling Targets: Namibplaas v Fromhistoric groundradiometricsurveydata,areas of mineralizationpotential weredelineatedin viewof resource upside. v Exploration targets / areas for drilling defined: o Namibplaas Area A (~ 2km west of the planned pit) o Namibplaas Area B Sou
Slide 11: Heap Leach Trade-Off Studies Ongoing
Heap Leach Trade-Off Studies Ongoing Heap leaching offers compelling advantages over tank leaching by potentially reducing CAPEX by and decreasing OPEX v Present trend to develop heap leach projects for uranium in Namibia - Bannerman; Husab Mine (low grade); Rossing Mine (low grade ) v Advantages: ü
Slide 12: Accelerating The Valencia Project: Revised Approach
Accelerating The Valencia Project: Revised Approach Focusing effort on Valencia into production asap Speed to market given surge in uranium prices § Onsite project team comprises over 27 specialist uranium geologists, metallurgists, mining experts, process engineers adds huge credibility Start with
Slide 13: Forsys Metals Corp: Capital Markets Profile
Forsys Metals Corp: Capital Markets Profile Share price and ownership Capital Structure @ 23rd May 2024 Tickers TSX: FSY, FSE: F2T, NSX: FSY Retail Institutional 42% 54% Share Price (May 10, C$1.04 2024) 52-Week Trading C$0.30 – C$1.13 Range Management Basic Shares 195.2M 4% Outstanding Options 7.7M
Slide 14: Experienced Management & Board
Experienced Management & Board Mark Frewin │ CEO (since 2019) and Director (since 2005) Martin Rowley │ Chairman (since 2007) § Over 40 years experience in mining projects globally • Over 35 years of legal experience (both in practice and corporate) with focus on mining sector transactions § Served
Slide 15: Namibia Project Team
Namibia Project Team CEO Core Team Mark Frewin Key Consultants Contractors 01 Project Management Pine van Wyk Exploration Specialist 12 Business Development Project Controls Dr. Rainer Elmies Pine van Wyk Renee van den Berg 10 Legal & Land Access ENSafrica: Wolf Wohlers 02 Finance & Admin 03 Geology
Slide 16: Forsys Metals: Investment Rationale
Forsys Metals: Investment Rationale § Valencia deposits are fully permitted and renewal of Namibplaas EPL to convert to mining license Valencia fully permitted § Applications in place for further EPLs § Speed to market Mining friendly Jurisdiction § low-risk jurisdiction with stable regulations and
Slide 17: Contact Information
NYSE AMERICAN & TSX:VGZ Contact Information www.vistagold.com Richard Parkhouse │ Director of Investor Relations § Email: info@forsysmetals.com § Email: rparkhouse@forsysmetals.com forsysmetals.com 17 TSX:FSY
Slide 18: Namibia Project Team
Namibia Project Team Barbara Mulcahy, Lead process Engineer, Owners Team Pine van Wyk│ Project Leader- Norasa Uranium § Process engineering consultant with over 26 years experience in the metallurgical • Qualified Metallurgical Engineer with over 25 years project experience in consulting, projects a
Slide 19: Experienced Project Team in Namibia
Experienced Project Team in Namibia Carren van Wyk│ Finance Manager (Owners Team) Renée van den Berg│ Project Controls & Financial Modelling, (Owners Team) • Postgraduate Diploma in Management: Financial Accounting (UCT) § mechanical engineer (B.Eng, M.Eng, MBA) with over 17 years experience in • Ov