Basin Energy Limited · ASX:BSN
Basin Energy — Investor Presentation (June 2023)
22 slides from Basin Energy's investor presentation, Jun 19, 2023
Slide 1: Investor Presentation: Exploring for High Grade Uranium in the Athabasca Basin
For personal use only Investor Presentation Exploring for High Grade Uranium in the Athabasca Basin June 2023 ASX : BSN
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Disclaimer This presentation has been prepared by Basin Energy Limited (“Basin Energy” or the “Company”) to assist in informing interested parties about the Company and its progress. It should not be For personal use only considered as an offer or invitation
Slide 3: Why invest in Basin Energy?
Why invest in Basin Energy? Direct exposure to high grade uranium within Experienced and dedicated team with For personal use only the world class uranium mining district of the relevant uranium exploration and development Athabasca Basin, Saskatchewan, Canada – a top track record three global urani
Slide 4: Board and Management
Board and Management Blake Steele - Non-Executive Chairman Blake Steele is an experienced metals and mining industry executive and director with extensive knowledge across public companies and For personal use only capital markets. He was formerly President and Chief Executive Officer of Azarga Uran
Slide 5: Pureplay Uranium in a proven neighborhood
Pureplay Uranium in a proven neighborhood For personal use only Pureplay uranium exploration company Direct exposure to high grade uranium within the with interests in three projects. Ongoing active world class uranium mining district of the Athabasca exploration Basin, Saskatchewan, Canada – a top
Slide 6: Athabasca Basin discovery success
Additional recent Athabasca Basin discovery success exploration success includes Athabasca Basin discoveries have delivered significant shareholder returns, • 92 Energy’s Gemini discovery¹43m @ even through downturns For personal use only 0.6% U3O8 (incl 6m @ 2.2% U308) • Baselode Energy’s ACKIO dis
Slide 7: Exploring for Athabasca Basin uranium
Exploring for Athabasca Basin uranium Exploring for Athabasca uranium For personal use only style mineralisation, with basement hosted (Arrow style) and unconformity hosted targets (McArthur River style) Basin’s projects share the same fundamentals; Geological settings (lithology, structure) Evidenc
Slide 8: Basin Energy in the Athabasca
For personal use only Basin Energy in the Athabasca 8
Slide 9: Geikie
Geikie Shallow exploration strategically located in proximity to recent high-grade, shallow uranium discoveries For personal use only Tenure • 339km2 landholding located 7km southeast of the present edge of the Athabasca Basin and 10km west of highway 905 • Adjacent to 92 Energy’s Gemini discovery 4
Slide 10: Radiometric and magnetic data – Confirms favourable structural setting
Radiometric and magnetic data – Confirms favourable structural setting For personal use only 4 “deep-seated” regionally significant Tabbernor aged faults identified • Deemed suitable for fluid conduits, allowing deep circulation of uranium ore-forming fluids • Structural analysis from major deposits
Slide 11: Maximising historical exploration data
Maximising historical exploration data Drill hole logs identified for three historic exploration holes For personal use only conducted within the Geikie Project • Drilling was for base metal exploration in the early 1970’s • Strong lithological similarities to observed to those of proximal recent si
Slide 12: AEM mapping suitable uranium host sequence?
AEM mapping suitable uranium host sequence? For personal use only • A strong coherent northeast trending conductor, classified as a primary target, within the southern half of the Project is clearly defined in preliminary airborne electromagnetic data • A series of splays and offsets of this conduct
Slide 13: AEM mapping suitable uranium host sequence?
AEM mapping suitable uranium host sequence? For personal use only • A strong coherent northeast trending conductor, classified as a primary target, within the southern half of the Project is clearly defined in preliminary airborne electromagnetic data • A series of splays and offsets of this conduct
Slide 14: 2023 Summer drilling
2023 Summer drilling For personal use only • Initial 2,000 metres drilling planned for 8 drill holes • Drilling to target shallow prospects, deemed favourable for high grade uranium • Three prospects selected over the 15km trend for initial testing • Preston Creek • Hourglass Lake • Aero Lake • Firs
Slide 15: Preston Creek Drilling
Preston Creek Drilling For personal use only • Eastern most target within the 15km trend • 5 drill holes proposed • Drilling targeting; • Multiple significant structures including regional deep seated Tabbernor faults • Offsets and disruptions to a steep dipping VTEM Conductor • “Stacked” subparalle
Slide 16: Aero and Hourglass Lake Drilling
Aero and Hourglass Lake Drilling For personal use only • 3 drill holes proposed • Hourglass Lake drilling targeting; • Interpreted disruption of a steeply dipping VTEM conductor, where an apparent 500 metre offset is observed • Weakening of the modelled response from the VTEM conductor, interpreted
Slide 17: Basin Energy in the Athabasca
Basin Energy in the Athabasca Three projects located in proximity to world-class high-grade uranium discoveries and mining For personal use only operations Geikie • Shallow targets amenable to rapid exploration in an overlooked part of the district • Historic surface geochemistry demonstrates presen
Slide 18: North Millennium
North Millennium Basement conductor trend is an interpreted extension of the Mother fault hosting the Millennium Deposit For personal use only Tenure • Located 40km southwest of Cameco’s flagship McArthur River Mine (674.9 Mlbs U3O8 @ 16.9%)1 and 7km immediately north of the Cameco’s Millennium depo
Slide 19: Marshall
Marshall Strong magnetic and conductive structure interpreted as a significant unconformity-type uranium target For personal use only Tenure • 112km2 landholding located 11km west of the Millennium Deposit in the southeast corner of the Athabasca Basin History • Between 1979 and 2009 soil geochemist
Slide 20: Corporate Overview
1. Cash at March Quarterly 2. 5.0m options exercisable at $0.25 to Board & Management expiring 3 years from the date of issue Corporate Overview subject to 2 years escrow, 5.3m options exercisable at $0.25 to Advisors expiring 3 years from the date of issue subject to 2 years escrow & 3.0m options e
Slide 21: Project Ownership & Joint Venture Structure
Project Ownership & Joint Venture Structure Low risk staged earn-in via value adding stages, with the flexibility to accelerate or stop For personal use only North Millennium & Geikie (Earn up to 80%) Marshall (100%) Stage 1 - Completed Stage 2 - Underway Stage 3 Stage 1 - Completed Timing/ 24 month
Slide 22: For personal use only
For personal use only Pete Moorhouse Chloe Hayes M: +61 (0) 7 3667 7449 M: +61 (0) 458 619 317 E: pete.m@basinenergy.com.au E: chloe@janemorganmanagement.com.au This presentation has been authorised for release by the Basin Energy Board