Deep Yellow Limited · ASX:DYL
Deep Yellow — Australian Uranium and Rare Earths Conference 2013
27 slides from Deep Yellow's conference presentation, Jul 19, 2013
Slide 1: Australian Uranium and Rare Earths Conference
Deep Yellow For personal use only Limited Australian Uranium And Rare Earths Conference 16-17 July 2013 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer This document has been prepared by Deep Yellow Limited (Deep Yellow, DYL or the Company) in connection with providing an overview to For personal use only interested analysts and investors. This presentation is being provided for the sole purpose of providing information to enable recipie
Slide 3: Presentation Overview
Presentation Overview For personal use only Corporate Snapshot Investment Rationale Uranium in Namibia Omahola Project Exploration Prospectivity Other Projects Conclusions 3
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only The Board Capital Structure – as at 8 July 2013 Mervyn Greene Chairman Shares on Issue 1,562.8 M Greg Cochran Managing Director Performance Rights 16.031 M Gillian Swaby N.E.D Market Cap (@ 4.3c) ~ AUD67.2M Rudolf Brunovs N.E.D (Independent) Net Cash ~AUD3.9
Slide 5: Investment Rationale
Investment Rationale For personal use only Omahola is Namibia’s last independently held high grade alaskite project Clear Focus Seeking to joint venture non-core projects and divest Australian portfolio Retain longer term strategic optionality Namibia is a proven uranium mining jurisdiction Favourab
Slide 6: Uranium in Namibia: Grade is critical
Uranium in Namibia: Grade is critical Numerous large but low grade For personal use only deposits – what’s economic? 6
Slide 7: Omahola Project: Overview
Omahola Project: Overview JORC Resource: 48.7 Mt at 420 ppm for 45.1 Mlbs U3O8 For personal use only Flagship, located in Namibia’s “Alaskite Alley” Higher grade deposits associated with Chuos Formation marbles and skarns within the alley (Rossing and Husab) Multiple deposits to feed one plant: • On
Slide 8: Omahola Project: Consistent Progress
Omahola Project: Consistent Progress For personal use only 8 8
Slide 9: Omahola Project: MS7 Section
Omahola Project: MS7 Section Typical cross section showing shallow high grade mineralisation in For personal use only lower grade alaskite envelope… Demonstrates the potential for small pre-strip and low strip ratio 9
Slide 10: Omahola Project: Metallurgical test work
Omahola Project: Metallurgical test work Opens up the potential for a heap leach operation For personal use only “Sighter” column test demonstrated potential for heap leach processing Uranium recovery approximately 80% after 7 days with low overall sulphuric acid consumption of 12.4 kg/t Theoretical
Slide 11: Omahola Project: Process Options & Size
Omahola Project: Process Options & Size Provides development optionality around high grade resource zones For personal use only Cut-off Tonnes U3O8 U3O8 U3O8 (ppm U3O8) (M) (ppm) (t) (Mlb) 100 298 191 56,825 125 150 140 269 37,610 83 200 76 346 27,166 60 250 49 420 20,462 45 11
Slide 12: Omahola Project: Current Status
Omahola Project: Current Status For personal use only Current Activities: • Additional resource infill drilling recently completed at INCA deposit • Metallurgical test work planning • Pit optimisation exercises Next steps (for the remainder of 2013/14): • Follow-up drill testing of reconnaissance ta
Slide 13: Exploration: Tapping Unparalleled Potential
Exploration: Tapping Unparalleled Potential New prospectivity programme commenced in 2013, targeting high- For personal use only grade uranium-bearing alaskites Objectives: Identify at least 8 new high grade targets by October 2013 Drill test targets October 2013 – March 2014 Review results and cond
Slide 14: Exploration: Current Activities
Exploration: Current Activities Following-up untested (and inadequately tested) radiometric targets For personal use only 12 radiometric exploration targets identified Prioritisation of targets (alaskite, surficial) completed Detailed geological mapping of targets and ground radiometric surveys unde
Slide 15: Exploration: New Prospectivity Programme
Exploration: New Prospectivity Programme Prospectivity analysis/mapping underway using predictive modeling For personal use only techniques Input parameters: Geological and structural sub-surface maps, geophysical data (i.e. EM, magnetics, radiometrics), hyperspectral imagery and drill data Data pro
Slide 16: Possible Application of IP
Possible Application of IP Concept: Sulphides are spatially and/or genetically related to uranium- For personal use only bearing alaskites IP ground orientation surveys planned Objective: Prove concept with orientation surveys If successful, potential to be a great, cost effective exploration tool F
Slide 17: Namibian Portfolio: Other Projects
Namibian Portfolio: Other Projects For personal use only 3,443 km2 exploration area: 109.5 Mlbs U3O8 in JORC resources Note: Exploration in Namibia is conducted by DYL’s wholly- owned subsidiary Reptile Uranium Namibia (RUN) 17
Slide 18: Tubas Sand Project
Tubas Sand Project JORC Resource: 87 Mt at 148 ppm for 28.4 Mlbs U3O8 For personal use only Sand mining operation, upgradeable via simple physical beneficiation • “Schauenburg” Plant • Mass pull 10 - 20%, uranium recovery>80% • U3O8 upgrade of 6~8 times Leach circuit and resin loading (saleable prod
Slide 19: Conclusions
Conclusions Well positioned in current market environment For personal use only Strong pipeline of activity upcoming for Omahola • Resource infill drilling at the INCA deposit • Follow-up drill testing of new exploration targets • Conduct further metallurgical test work • Complete pit optimisation e
Slide 20: Contact Details
Contact Details For personal use only Greg Cochran Managing Director Deep Yellow Limited Level 1, 329 Hay Street Subiaco, Western Australia 6008 T +61 8 9286 6999 M +61 409 938-784 F +61 8 9286 6969 Email: greg.cochran@deepyellow.com.au Email: info@deepyellow.com.au Website: www.deepyellow.com.au
Slide 21: Appendices
For personal use only Appendices
Slide 22: Board of Directors
Board of Directors Broad range of mining, technical and financial experience For personal use only Over 20 years investment banking and Over 25 years as a senior mining Mervyn Greene entrepreneurial experience executive Greg Cochran Chairman Formerly Morgan Stanley and London Managing Director Forme
Slide 23: Senior Management Team
Senior Management Team Supplementing proven operational delivery with a broader capability For personal use only Mining engineer with over 30 years international mining experience Peter Christians Worked in the USA, Southern and West Africa and Australia Country Manager Extensive uranium experience
Slide 24: Namibia: Title & Tenure
Namibia: Title & Tenure Reconnaissance Licence (RL) For personal use only Valid for 6 months (renewable under special circumstances) and can be exclusive in some instances. Allows regional remote sensing techniques. A work plan must be submitted to the Mining Commissioner. Exclusive Prospecting Lice
Slide 25: Namibia: Taxation & Empowerment
Namibia: Taxation & Empowerment Taxation For personal use only Mining company corporate income tax rate 37.5% payable on taxable profit. Capital allowances on machinery, equipment and vehicles taken on a straight line basis over three years. Exploration costs fully deductable in the year that mining
Slide 26: JORC Resources – Namibia
JORC Resources – Namibia Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) For personal use only NAMIBIA Omahola Project INCA ♦ Indicated 250 7.0 470 3,300 7.2 INCA ♦ Inferred 250 5.4 520 2,800 6.2 Ongolo # Measured 250 7.7 395 3,040 6.7 Ongolo # Indicated 250 9.5 372 3,5
Slide 27: JORC Compliance Statement
JORC Compliance Statement The information in this report that relates to Exploration Results, is based on information compiled by Dr Leon Pretorius and Mr Martin Kavanagh, both Fellows of the Australasian Institute of Mining and Metallurgy. Dr Pretorius, who was previously Managing Director of Repti
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