Silex Systems Limited · ASX:SLX
Silex Systems — Shaw and Partners Uranium Conference 2022
24 slides from Silex Systems's conference presentation, Feb 3, 2022
Slide 1: Investor Presentation
For personal use only Investor Presentation 3 February 2022 Silex Systems Limited (Silex) (ASX: SLX) (OTCQX: SILXY) is pleased to provide the attached presentation that will be delivered by Dr Michael Goldsworthy, Silex CEO at the Shaw and Partners Uranium Conference being held virtually today. Auth
Slide 2: Shaw and Partners Uranium Conference Presentation
For personal use only Silex Systems Limited Shaw and Partners Uranium Conference Presentation (ASX: SLX) (OTCQX: SILXY) Dr Michael Goldsworthy CEO/Managing Director 3 February 2022 www.silex.com.au 1
Slide 3: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors About Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) For personal use only Silex Systems Limited ABN 69 003 372 067 (Silex or Company) is a research and development company whose primary asset is the SILEX laser enrichment technology, originally developed
Slide 4: Our Mission: commercialise SILEX laser enrichment technology
Our Mission: to commercialise the unique SILEX laser enrichment technology for application to: For personal use only Uranium production and Silicon enrichment (silicon Other potential markets (e.g. enrichment (nuclear power) quantum computing) medical isotopes) Our strategy is focused on extracting
Slide 5: Highlights of the last months
Highlights of the last 12 months For personal use only SILEX Uranium Enrichment Technology / GLE Highlights: • GLE acquisition completed January 2021 - resulting in Silex acquiring a 51% interest in GLE (Cameco 49%) • Silex and Cameco strengthen the GLE commercialisation plan and ramp-up the enginee
Slide 6: Uranium Production and Enrichment for Nuclear Fuel
For personal use only Uranium Production and Enrichment for Nuclear Fuel www.silex.com.au 5
Slide 7: Evolution of Enrichment Technology
Evolution of Enrichment Technology For personal use only 1st Generation Technology 2nd Generation Technology 3rd Generation Technology Gaseous Diffusion Centrifuge SILEX Laser ß = 1.004 ß ~ 1.25 ß ~ 2 - 201 High cost Lower cost Most cost effective Obsolete Current technology The future of uranium en
Slide 8: SILEX Uranium Production Opportunity
SILEX Uranium Production Opportunity For personal use only Global demand for Uranium is set to rise: A significant potential uranium supply shortage is forecast1 • Structural supply deficit could occur without a timely increase in production • Demand could grow significantly as zero-emissions nuclea
Slide 9: SILEX and Nuclear Fuel Production
SILEX and Nuclear Fuel Production For personal use only The SILEX technology provides GLE with multiple opportunities in the production of nuclear fuel: • produce natural grade uranium via enrichment of depleted tails inventories (Paducah project) • capture the value of conversion contained in the d
Slide 10: The Paducah Opportunity Potential Value Chain
The Paducah Opportunity Potential Value Chain ‘Full Service’ Nuclear Fuel Materials Concept For personal use only SILEX Technology Depleted UF6 Tails Uranium Production LEU / LEU+ Production HALEU Production GLE-DOE Agreement up to 5M lbs/yr for 30 years ~2 MSWU1/yr Enrichment 100+ Tons/yr – by 2030
Slide 11: Paducah Uranium Production Opportunity
Paducah Uranium Production Opportunity For personal use only Akin to a ‘Tier 1’ Target Commercial Uranium Resource* Equivalent U3O8 Operation Date Based on low cost and Production longevity of production Planning for up to 5 million lbs Anticipated to be late 2020’s (Silex estimate of all-in cost p.
Slide 12: SILEX Commercialisation and Royalty Agreement
SILEX Commercialisation and Royalty Agreement For personal use only • GLE holds exclusive worldwide license for use of SILEX laser technology for uranium enrichment Paducah, KY Enrichment Plant Site • License agreement includes US$20 million in payments to Silex triggered by commercial development m
Slide 13: Emerging Opportunity - Small Modular Reactors (SMRs)
Emerging Opportunity - Small Modular Reactors (SMRs) For personal use only • Several next generation SMR designs use High Assay Low Enriched Uranium (HALEU) • SILEX technology may provide a flexible low cost alternative to produce HALEU for SMRs • SMRs are modular, smaller size (50 MWe to 300 MWe) a
Slide 14: SMRs have potential to provide next-generation zero-emissions electricity
SMRs have potential to provide next-generation zero-emissions base load electricity For personal use only Transition to next Facilitating access generation lower to nuclear energy in cost, flexible nuclear new sectors and/or power regions Complementing Decarbonising variable renewable energy systems
Slide 15: Estimated SMR Capacity in 2035 by Region
Estimated SMR Capacity in 2035 by Region OECD/NEA 2016 Analysis For personal use only 14 Source: Small Modular Reactors: Challenges and Opportunities, NEA No. 7560, © OECD 2021 • High case scenario forecasts over 20,000 MWe installed by 2035 www.silex.com.au 14
Slide 16: Nuclear Power and the Nuclear Fuel Market Opportunity
For personal use only Nuclear Power and the Nuclear Fuel Market Opportunity www.silex.com.au 15
Slide 17: Why Nuclear Power is important to achieving Net-Zero
Why Nuclear Power is important to achieving Net-Zero Nuclear power is currently the only economic source of zero-emissions base load electricity For personal use only Clean Energy Zero-Emissions Low Cost 24/7 Reliability LCOE1 ~ US$70/MWHr Base Load Stability Nuclear Power Highest Capacity Factor Cl
Slide 18: Significant Nuclear Power Growth for Net Zero 2050
Significant Nuclear Power Growth for Net Zero 2050 For personal use only Nuclear Generation Scenarios World Nuclear Reactor Population TWh 8,000 Net Zero 263% 7,000 Rapid 6,000 Business-as-usual 204% 5,000 4,000 140% 3,000 2,000 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 Source: BP Energ
Slide 19: Uranium Market Outlook – Supply Shortage Forecast
Uranium Market Outlook – Supply Shortage Forecast For personal use only Mid-Case Uranium Supply and Demand Forecast Million pounds U3O8 © UxC World Market Demand Range 300 275 250 225 200 175 150 125 100 75 50 25 0 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 S
Slide 20: Uranium Price – Price Recovery Underway
Uranium Price – Price Recovery Underway For personal use only Uranium Long-Term Base Price Forecast Then-Current US$/lb U3O8 © UxC $100 Ux LT U3O8 High $90 Ux LT U3O8 Midpoint $80 Ux LT U3O8 Low Mid Long-Term Base $70 Low Long-Term Base $60 High Long-Term Base $50 Composite LT Base $40 Historical Hi
Slide 21: Paducah Opportunity may help address US Uranium Vulnerability
Paducah Opportunity may help address US Uranium Vulnerability For personal use only Uranium purchased for U.S. nuclear power reactors, 2010 - 2020 Million pounds U3O8 equivalent 60 US Imports ~90% (avg.) of Uranium purchased 50 40 30 20 10 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 U.S
Slide 22: Summary
For personal use only Summary www.silex.com.au 21
Slide 23: Summary
Summary For personal use only GLE JV (Silex 51% and Cameco 49%) aiming to demonstrate SILEX uranium enrichment technology at pilot commercial scale by the mid 2020’s GLE’s path to market focused on the Paducah opportunity - large, cost effective uranium production project with additional scope for u
Slide 24: Thank you
For personal use only Thank you 23
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