Peninsula Energy Limited · ASX:PEN
Peninsula Energy — 121 Mining Investment Conference Online Americas 2020
19 slides from Peninsula Energy's conference presentation, Oct 28, 2020
Slide 1: Peninsula Presentation at 121 Mining Investment Conference
28 October 2020 Companies Announcement Office Via Electronic Lodgement PENINSULA PRESENTATION AT 121 MINING INVESTMENT CONFERENCE Peninsula Energy Limited is pleased to provide an updated Company Presentation – “A Clear Pathway to Uranium Production” – including the current project activities at its
Slide 2: A Clear Pathway to Uranium Production
A Clear Pathway to Uranium Production 121 Mining Investment Conference Online Americas 28 to 30 October 2020 CODE : PEN
Slide 3: Disclaimer & Competent Person
Disclaimer & Competent Person This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Presentation
Slide 4: Cautionary & Inferred Resources Notice
Cautionary & Inferred Resources Notice The Feasibility Study completed for the Lance Projects includes measured and indicated resources and an assumed resource conversion of 60% (inferred to indicated or greater). The purpose of the Feasibility Study is to demonstrate the Lance Projects economic via
Slide 5: US-Focused Uranium Producer with Rapid Re-Start Potential
US - Focused Uranium Producer with Rapid Re-Start Potential Term debt-free and well-funded with just over US$9m in cash Direct access to an improving uranium market Low-capital pathway and rapid re-start potential following Final Investment Decision (FID) for Lance Applying a low pH extraction proce
Slide 6: Corporate Overview
Corporate Overview Key Details Share Price Chart Shares on Issue 891.7m Share Price (23 Oct 20) A$0.062 Market Capitalisation A$55m Term Debt Nil Cash (as of 30 Sept 2020) US$9.4m Board of Directors Management Team Mr John Harrison Non-Executive Chairman Combined 150-plus years of uranium mining exp
Slide 7: Lance Uranium In-Situ Recovery Project
Lance Uranium In-Situ Recovery (ISR) Project Wyoming, USA PENINSULA ENERGY LIMITED
Slide 8: A Tier-One, Long-Life Operation
A Tier-One, Long-Life Operation Lance is one of the largest US uranium projects in size and scale 53.6M lbs U3O8 JORC (2012) compliant resource base1 Current market capitalisation reflects only a modest valuation of ~A$1.03 per pound of resources Lance is licensed to produce up to 3M lbs U3O8 per an
Slide 9: Applying Industry-Leading Low pH Process
Applying Industry-Leading Low pH Process Historically US uranium Lance was originally licensed for alkaline ISR ISR projects utilised alkaline Laboratory testing in 2017 proved operational costs and production rates at Lance would significantly benefit from a low pH process extraction method Low
Slide 10: Technical Optimization Activities
Technical Optimization Activities Q2 ‘20 Q3 ‘20 Q4 ‘20 Q1 ‘21 Q2 ‘21 Q3 ‘21 Q4 ‘21 • Further optimize low pH transition planning • Preparation of the MU1A field • MU1A field demonstration commenced demonstration area • Will operate for 12 to 18 months • Additional laboratory scale testing • Enhance
Slide 11: A Well-Defined Pathway to Production
A Well-Defined Pathway to Production INSTALL TRANSITION 6 MONTHS FACILITIES/ URANIUM PRODUCTION (OLD FIELD AREAS) DEVELOPMENT FOR URANIUM TECHNICAL FURTHER PRODUCTION FID* OPTIMIZATION OFFTAKE > 12 MONTHS FROM NEW ACTIVITIES AGREEMENTS AREAS & STUDY & FUNDING UPDATES * Low pH implementation FID deci
Slide 12: An Established Uranium Contract Book
An Established Uranium Contract Book PENINSULA ENERGY LIMITED
Slide 13: Established and Proven Relationships
Established and Proven Relationships Sales Net Revenue of US$6-8 million secured in CY21, through established uranium contract book Binding purchase agreement to procure 400,000 lbs U3O8 The only junior uranium producer with long-term sales contracts extending to 2030, representing ~20% of projected
Slide 14: A Dynamic Uranium Market
A Dynamic Uranium Market PENINSULA ENERGY LIMITED 13
Slide 15: Uranium Supply Disruptions
Uranium Supply Disruptions The COVID-19 Pandemic significantly impacted global uranium production Kazatomprom implemented major mine-site restrictions with lower production rates projected into CY2021 Cameco suspended Cigar Lake production from March through September 2021 Meanwhile, uranium demand
Slide 16: Key US NFWG Report Findings
Key US NFWG Report Findings US DOE “Strategy to Restore American Nuclear Energy Leadership” A comprehensive outline of potential actions designed to revive the capabilities of the US uranium mining, milling and conversion industries Strategy has strong bipartisan support Key NFWG Policy Recommendati
Slide 17: Fully-Funded, Right-Team, Right Location
Fully-Funded, Right-Team, Right Location Company is term-debt free and fully funded to meet all ongoing low pH ISR optimization activities into CY2022 Peninsula is led by a highly-experienced and proven team with outstanding technical, operational and uranium experience Cash-flow generated by strong
Slide 18: Contact Details
Contact Details REGISTERED OFFICE Suite 22, 44 Kings Park Road West Perth, Western Australia 6005 Australia www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO +1 (307) 467-5995 PENINSULA ENERGY LIMITED
Slide 19: Appendix 1 – Resources
Appendix 1 – Resources Lance Projects Resource Estimate as at 31 December 2019 Tonnes Classification U3O8(kg) Grade (ppm U3O8) U3O8(lbs) (million) Measured 3.4 1.7 489 3.7 Indicated 11.1 5.5 496 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.4 480 53.6 1) JORC Table 1 included in an announcement to
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