Asarian Energy Limited · TSX:ARN
Asarian Energy — Forsys Metals — Investor Presentation (January 2024)
19 slides from Asarian Energy's investor presentation, January 2024
Slide 1: Corporate Presentation: Accelerating the Norasa Uranium Project in Namibia
Corporate Presentation JANUARY 2024 Accelerating the Norasa Uranium Project in Namibia forsysmetals.com 1 TSX:FSY
Slide 2: Forward-Looking Statements
Forward-Looking Statements The data contained in this presentation is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities. The reader agrees to
Slide 3: Uranium Demand is driving a new Bull Market
Uranium Demand is driving a new Bull Market WNA supply / demand reference scenario * Exciting market as U3O8 price rapidly increasing $105.75/lb ▪ in 2022/23, only 76% of world reactor requirements were covered by primary uranium supply ▪ by mid-2020s, restart of idled capacity expected, however dec
Slide 4: Namibia: well-established mining-friendly Jurisdiction
Namibia: well-established mining-friendly Jurisdiction ❖ politically stable and low risk jurisdiction ▪ Government regulation, fair tax & support to grow mining sector ▪ Fraser 2021 Survey of mining jurisdictions (1st in Africa, 26th in World) ❖ 3rd largest producer in 2022 * ▪ 2nd largest producer
Slide 5: Namibia’s Uranium District
Namibia’s Uranium District Norasa is situated in the Erongo Region ❖ Namibia hosts three Tier-1 operational mines Trekkorie Mine ▪ CNNC’s Rössing Mine (48 years in production) Elevate Uranium Norasa Project ▪ CGN’s Husab Mine (7 years in production) Project Namibplaas ▪ Paladin’s Langer Heinrich Min
Slide 6: Forsys’ Flagship Norasa Uranium Project
Forsys’ Flagship Norasa Uranium Project Norasa project comprises Valencia and Namibplaas deposits 4.5km apart ❖ ML 149 Valencia: 25-year licence till June 2033, renewable ❖ EPL 3638 Namibplaas: 2-year licence till Feb 2026 o awaiting decision from Mineral Licensing Advisory Committee (MLAC) o ML app
Slide 7: Summary of 2015 Definitive Feasibility Study (Outdated)
Summary of 2015 Definitive Feasibility Study (Outdate!) Total Reserves 90.7M lbs U3O8 Average Annual 5.2M lbs U3O8 Production Uranium Price US$65/lb U3O8 Construction Time 18-24 months Norasa P&P Reserves Classification Tonnes Grade Contained millions ppm U3O8 M lbs U3O8 Proven 16 200 7.1 NOTE: All Re
Slide 8: VM + VE conceptual Pit Designs
VM + VE conceptual Pit Designs Namibplaas 4400m Valencia East - Namibplaas Valencia East Valencia Main
Slide 9: Upside Potential – planned Drilling Targets: Valencia
Upside Potential – planned Drilling Targets: Valencia ❖ From historic ground radiometric survey data, areas of mineralization potential were delineated in view of resource upside and the proposed infrastructure development. ❖ Exploration targets / areas for sterilization drilling defined: o Jolie Zon
Slide 10: Upside Potential – planned Drilling Targets: Namibplaas
Upside Potential – planned Drilling Targets: Namibplaas ❖ From historic ground radiometric survey data, areas of mineralization potential were delineated in view of resource upside. ❖ Exploration targets / areas for drilling defined: o Namibplaas Area A (~ 2km west of the planned pit) o Namibplaas Ar
Slide 11: Heap Leach Trade-Off Studies Ongoing
Heap Leach Trade-Off Studies Ongoing Heap leaching offers compelling advantages over tank leaching by potentially reducing CAPEX by and decreasing OPEX ❖ Present trend to develop heap leach projects for uranium in Namibia - Bannerman; Husab Mine (low grade); Rossing Mine (low grade ) ❖ Advantages: ✔
Slide 12: Accelerating The Valencia Project: Revised Approach
Accelerating The Valencia Project: Revised Approach Focusing effort on Valencia into production asap Speed to market given surge in uranium prices ▪ Onsite project team comprises over 27 specialist uranium geologists, metallurgists, mining experts, process engineers adds huge credibility Start with
Slide 13: Forsys Metals Corp: Capital Markets Profile
Forsys Metals Corp: Capital Markets Profile Share price and ownership Capital Structure @ 17th Jan 2024 Tickers TSX: FSY, FSE: F2T, NSX: FSY Retail Institutional 42% 54% Share Price (Jan 17, C$1.11 2024) 52-Week Trading C$0.30 – C$1.13 Range Management Basic Shares 195.2M 4% Outstanding Options 7.7M1
Slide 14: Experienced Management & Board
Experienced Management & Board Mark Frewin │ CEO (since 2019) and Director (since Martin Rowley │ Chairman (since 2007) 2005) ▪ Over 40 years experience in mining projects globally • Over 35 years of legal experience (both in practice and corporate) with ▪ Served as Director of Business Development
Slide 15: Namibia Project Team
Namibia Project Team CEO Core Team Mark Frewin Key Consultants Contractors 01 Project Management Pine van Wyk Exploration Specialist 12 Business Development Project Controls Dr. Rainer Elmies Pine van Wyk Renee van den Berg 10 Legal & Land Access ENSafrica: Wolf Wohlers 03 Geology & Mineral 02 Finan
Slide 16: Forsys Metals: Investment Rationale
Forsys Metals: Investment Rationale ▪ Valencia deposits are fully permitted and renewal of Namibplaas EPL to convert to mining license Valencia fully permitted ▪ Applications in place for further EPLs ▪ Speed to market Mining friendly Jurisdiction ▪ low-risk jurisdiction with stable regulations and
Slide 17: Contact Information
NYSE AMERICAN & TSX:VGZ Contact Information Richard Parkhouse │ Director of Investor Relations www.vistagold.com ▪ Email: info@forsysmetals.com ▪ Email: rparkhouse@forsysmetals.com ▪ Telephone: +44 (0) 1252 781 030 ▪ Mobile: +44 7730493432 forsysmetals.com 17 TSX:FSY
Slide 18: Namibia Project Team
Namibia Project Team Barbara Mulcahy, Lead process Engineer, Owners Team Pine van Wyk│ Project Leader- Norasa Uranium ▪ Process engineering consultant with over 26 years experience in the metallurgical • Qualified Metallurgical Engineer with over 25 years project experience in consulting, projects a
Slide 19: Experienced Project Team in Namibia
Experienced Project Team in Namibia Carren van Wyk│ Finance Manager (Owners Team) Renée van den Berg│ Project Controls & Financial Modelling, (Owners Team) • Postgraduate Diploma in Management: Financial Accounting (UCT) ▪ mechanical engineer (B.Eng, M.Eng, MBA) with over 17 years experience in • Ov