Deep Yellow Limited · ASX:DYL
Deep Yellow — Shareholder Meeting (November 2021)
26 slides from Deep Yellow's shareholder meeting presentation, Nov 29, 2021
Slide 1: 2021 AGM Corporate Presentation
NEWS RELEASE 29 November 2021 2021 AGM CORPORATE PRESENTATION For personal use only We enclose the Corporate Presentation for today’s Annual General Meeting. Yours faithfully JOHN BORSHOFF Managing Director/CEO Deep Yellow Limited This ASX announcement was authorised for release by Mr John Borshoff,
Slide 2: 2021 Annual General Meeting Shareholder Update
Click Deep to edit Yellow Master title style Limited For personal use only Click to edit Master text styles 2021 ●Annual o Third levelGeneral Meeting Second level Shareholder Update Fourth level Fifth level 29 November 2021 John Borshoff Managing Director/CEO DYL: ASX / NSX (Namibia) DYLLF: OCTQX 20
Slide 3: Disclaimer, Previously Reported Information and Competent Person Statement
Disclaimer, Previously Reported Information and Competent Person Statement For personal use only Disclaimer developed based on assumptions about such risks, uncertainties and other factors, including but not limited to general business, economic, competitive, political and Competent Person Statement
Slide 4: Strong Building Blocks to Establish a Tier-One Operation
For personal use only Strong Building Blocks to Establish a Tier-One Operation 3
Slide 5: Deep Yellow Group: Strategically positioned, well-funded
Deep Yellow Group: Strategically positioned, well-funded For personal use only ● Continue dual-pillar growth strategy to establish a multi-platform, 5-10Mlb per annum, low-cost, tier one uranium producer ● Project portfolio located in Namibia – a Tier 1 uranium mining jurisdiction o Excellent explor
Slide 6: Corporate Overview
Corporate Overview For personal use only BOARD CAPITAL STRUCTURE – 26 November 2021 Chris Salisbury ** Non-Exec Chairman Shares on Issue 381M John Borshoff * MD/CEO Market Cap (A$0.95/share) A$360M Gillian Swaby * Exec Director Net Cash (26 November 2021) A$73M Rudolf Brunovs (retires 31 Dec) Non-Ex
Slide 7: Nuclear and Uranium Excellent Upside
For personal use only Nuclear and Uranium Excellent Upside 6
Slide 8: UN Report Highlights Ultra-Low GHG Footprint for Nuclear
UN Report Highlights Ultra-Low GHG Footprint for Nuclear For personal use only ● UN Economic Commission of Europe study outlines CO2 Emissions for Electricity Full Life Cycle CO2 (equivalent) Emissions from various Electricity Generating Technologies Technology/Fuel Availability Grams CO2e per kilow
Slide 9: Global Decarbonisation – Nuclear essential, giving additional impetus for growth
Global Decarbonisation – Nuclear essential, giving additional impetus for growth For personal use only ● Ambitious global decarbonisation targets set to be achieved over next 30 years will drive an even greater need for nuclear o COP26 locking in harsher emission targets o Recent global government c
Slide 10: Uranium Price Movement – Historic & Current
Uranium Price Movement – Historic & Current The price correction has started For personal use only Uranium Prices 1968-2021 Weekly Spot Price *Data from Trade Tech 55 17 Aug 2021 - Sprott 50 announced launch of the “at-the-market Source: TradeTech 45 equity program” (ATM Program) USD / lb U3O8 40 Is
Slide 11: Organic Growth (Namibia) Strong Assets, with Upside
For personal use only Organic Growth (Namibia) Strong Assets, with Upside 10
Slide 12: Namibia – A Tier-One Uranium Mining Jurisdiction
Namibia – A Tier-One Uranium Mining Jurisdiction For personal use only ● Responsible for ~6% of global uranium output ● Large capacity, long-life mining operations established o Rössing – 11Mlb/pa design o Husab – 15Mlb/pa design Established 2016 o Langer Heinrich 5Mlb/pa design Established 2007 ● P
Slide 13: Tumas Channel Project Overview
Tumas Channel Project Overview For personal use only ● Tumas Project - 95% Reptile Page 1 of 2 ● Tumas Project similar to Langer Heinrich deposit and very well understood by the Deep Yellow team ● Multiple deposits discovered with only MLA 60% of 125km highly prospective 237 palaeochannel system tes
Slide 14: 20+ Year LOM Ore Reserve Base Achieved
20+ Year LOM Ore Reserve Base Achieved For personal use only ● Tumas Probable Ore Reserves increased by 121% to 68.4Mlb U3O8 at 345ppm using a 150ppm U3O8 cut off ● Major milestone achieved upgrading the Tumas LOM operation to 20+ years ● Tumas 3 Deposit delivering 62% of the available Ore Reserves
Slide 15: DFS Progressing as Planned
DFS Progressing as Planned For personal use only ● An open-pit mining operation, with a FORECAST DFS FINANCIAL OUTCOMES production capacity of 3Mlb U3O8 per annum 20yr LOM Item Units (TARGETS*) ● Primary objective for a 20+ year LOM Plant Capacity Mlb U3O8 pa 3 operation achieved Operating Margin (E
Slide 16: Exploration Pipeline – Building Production Organically
Exploration Pipeline – Building Production Organically For personal use only Omahola Basement Project - New Focus ● Measured, Indicated and Inferred Resource base of 45Mlb at 420ppm U3O8 over three deposits ● Indications of strong potential for additional discoveries outside existing deposits ● Shal
Slide 17: Continued Focus on ESG
Continued Focus on ESG For personal use only ● Deep Yellow is focused on creating long-term value for all its stakeholders ● Recognise early implementation of key ESG pillars and objectives is critical in guiding sustainable practices ● Maiden Sustainability Report released in 2020 o Provides a stro
Slide 18: Inorganic Growth (M&A) Sector Consolidation Essential
For personal use only Inorganic Growth (M&A) Sector Consolidation Essential 17
Slide 19: Consolidation of the Uranium Sector Offers Great Opportunities
Consolidation of the Uranium Sector Offers Great Opportunities For personal use only ● Timing is ideal for large-scale consolidation of the uranium sector ● Sector in disarray and disillusioned, offering exceptional opportunity for Deep Yellow transformational change ● A “once-off” leap frog opportu
Slide 20: Vimy Merger Proposal
Vimy Merger Proposal For personal use only ● A binding proposal to merge DYL and VMY via a scheme of arrangement ● Merger would deliver value for all shareholders creating a sizeable, multi-jurisdiction uranium entity with global scale and significance, led by a proven and well-credentialed manageme
Slide 21: Vimy Acquisition Rationale
Vimy Acquisition Rationale For personal use only ● There have been no material transactions completed in the uranium sector for a decade - Apart from a handful of recent, smaller M&As in the US ● The uranium sector needs consolidation to produce companies with scale, able to provide comfort to utili
Slide 22: Looking Ahead
For personal use only Looking Ahead 21
Slide 23: Right Team, Right Time, Right Commodity
Right Team, Right Time, Right Commodity IN AN ENVIRONMENT OF A LOOMING SUPPLY SHORTAGE OUTLOOK For personal use only Deep Yellow has the Key Pillars Available to Build a Tier 1 Uranium Platform Experienced Proven Vision & Cohesive Growth Funding Track & Team Strategy Support Record Leadership Across
Slide 24: Conclusions
Conclusions For personal use only ● Deep Yellow has a differentiated approach for value creation built around: o A looming uranium shortage o Substantial additional supply will be required as demand for nuclear increases, due to aggressive decarbonisation targets o These factors including lack of se
Slide 25: For further information
For personal use only For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited 24
Slide 26: Appendix – JORC
Appendix – JORC Cut-off Tonnes U3O8 U3O8 U3O8 Resource Categories (Mlb U3O8) Deposit Category (ppm (M) (ppm) (t) (Mlb) Measured Indicated Inferred U3O8) Mineral Resource BASEMENT MINERALISATION Omahola Project - JORC 2012 INCA Deposit ♦ Indicated 100 21.4 260 5,600 12.3 - 12.3 - INCA Deposit ♦ Infer