Deep Yellow Limited · ASX:DYL
Deep Yellow — Shareholder Meeting (November 2019)
24 slides from Deep Yellow's shareholder meeting presentation, Nov 25, 2019
Slide 1: 2019 AGM Corporate Presentation
ASX Announcement ASX & NSX: DYL / OTCQX: DYLLF For personal use only 25 November 2019 2019 AGM CORPORATE PRESENTATION We enclose the Corporate Presentation presented at today’s Annual General Meeting. Yours faithfully JOHN BORSHOFF Managing Director/CEO Deep Yellow Limited For further information, c
Slide 2: Building a Tier-One Uranium Producer
For personal use only Building a Tier-One Uranium Producer AGM Shareholder Update John Borshoff Managing Director / CEO ASX & NSX: DYL 25 November 2019 OTCQX: DYLLF
Slide 3: Disclaimer and Competent Person Statement
Disclaimer and Competent Person Statement For personal use only This document has been prepared by Deep Yellow Limited (Deep Yellow, DYL or the Company) in connection with providing an overview to interested analysts and investors. This presentation is being provided for the sole purpose of providin
Slide 4: The Growing Demand for Nuclear Energy
For personal use only The Growing Demand for Nuclear Energy 3
Slide 5: Affordable and Safe Clean Energy
Affordable and Safe Clean Energy For personal use only Nuclear energy is the cheapest source of long-term baseload energy. In France, nuclear power generates 75% of electricity. • Reducing electricity costs by 15% in comparison to EU average. One fifth of electricity produced in the US is from nucle
Slide 6: Significant Growth in Nuclear Demand Expected
Significant Growth in Nuclear Demand Expected For personal use only Globally 20 new reactors scheduled to be connected by 2020. Increasing demand supported by aggressive reactor construction in China. • Considerable growth in 15 years from 3 operating reactors to 45 today. • Aggressive growth to con
Slide 7: Uranium Price Primed for Movement
Uranium Price Primed for Movement For personal use only Source: WNA 2019 Reference & Upper Cases NUCLEAR DEMAND STRONG – URANIUM PRICE LAG CLEAR Date/Event Operable Under Planned Proposed U308 Prevailing Reactors Construction Required U308 Price Feb 2011 443 62 156 322 80kt $73/lb (pre-Fukushima) St
Slide 8: Current State of the Uranium Sector
For personal use only Current State of the Uranium Sector 7
Slide 9: State of Uranium Sector – Ripe with Opportunity
State of Uranium Sector – Ripe with Opportunity For personal use only Market Cap July ′18 vs Oct ′19 - excluding Government entities and multi-nationals 20% (5% Total Market Cap of 52 Listed Uranium Companies - US$7.3B vs US$5.8B down in Oct) • Note: excludes Kazatomprom US$3.5B. Market Cap of 7 Lis
Slide 10: Market Cap Largest U Co.'s: 2010-2019
Market Cap 20 Largest U Co.’s: 2010-2019 Excluding Kazatomprom For personal use only US$25/lb (Oct ‘19) 9
Slide 11: Recalibration of the Uranium Sector
Recalibration of the Uranium Sector For personal use only Massive industry attrition post Fukushima In 2011 ~420 uranium companies Today 62 companies world-wide: 11% Listed Producers 10 government associated or multi-national uranium 16% producers. Government & Multinationals 46% Explorers 7 listed
Slide 12: Differentiated enabling a Unique Strategy
For personal use only Differentiated enabling a Unique Strategy 11
Slide 13: Corporate Overview
Corporate Overview For personal use only Board Capital Structure – Oct 2019 Rudolf Brunovs Chairman Shares on Issue 237.7M John Borshoff * MD/CEO Market Cap (@ A$0.30/share) A$71M Gillian Swaby * Director Net Cash ~ A$15.5M Christophe Urtel Director Major Shareholders Mervyn Greene Director Sprott G
Slide 14: A Standout Uranium Team
A Standout Uranium Team For personal use only A highly-credentialed team (majority ex-Paladin) with proven success in the uranium sector, highlighted by: Strong project development, operational and corporate capabilities. Highly experienced team who have successfully worked together in the past cove
Slide 15: Past Months
Past 12 Months For personal use only Namibian projects continue to deliver and support the stated calcrete Mineral Resource target of 100Mlb to 150Mlb. • Highly significant uranium mineralisation identified in previously unknown Channels 1, 2, 4 and 5. Overall Palaeochannel Resources upgraded by 48%
Slide 16: Prepared for Growth
Prepared for Growth For personal use only Executing a unique and differentiated dual-pillar growth strategy. • PILLAR ONE: Advancing the development of the Namibian project portfolio. • PILLAR TWO: Establish a multi-project global uranium platform through targeted M&A. Strong balance sheet, with con
Slide 17: Advancing the Development of the Namibian Project Portfolio
For personal use only Advancing the Development of the Namibian Project Portfolio 16
Slide 18: Namibian Project Portfolio
Namibian Project Portfolio For personal use only Overall Namibian Resources = 155.6Mlb U308 grading 319ppm Reptile Projects – 860km2 (100%) • Palaeochannel/calcrete targets (Langer Heinrich style) – 92.5Mlb U308/303ppm and Aussinanis - 18Mlb U308/303ppm • Basement/alaskite targets (Rössing/Husab sty
Slide 19: Low-Cost Value Creation at Reptile
Low-Cost Value Creation at Reptile For personal use only Over the past 3 years management has developed the Reptile Project at extremely low costs ~$6m spend (discovery cost of $0.10/lb) 18
Slide 20: Reptile Accelerated Development
Reptile Accelerated Development For personal use only Commencement of accelerated studies to evaluate project economics: • Scoping Study - finalised by Q4 2019; and • Pre-Feasibility Study planned to commence in Q1 2020. Budget for FY2020 increased by 30% to $2.75M to support: • economic and technic
Slide 21: Establish a Multi-Project Global Uranium Platform
For personal use only Establish a Multi-Project Global Uranium Platform 20
Slide 22: Well-Funded for Inorganic Growth
Well-Funded for Inorganic Growth For personal use only Ongoing evaluation of M&A throughout 2019/20. Focused on acquiring 2-3 projects to establish a pipeline for development from 2023 – 2030. Currently assessing 6-8 targeted projects. The opportunity to act is now due to the depressed nature of the
Slide 23: Key Takeaways
Key Takeaways For personal use only Proven and experienced management team with an exceptional track record of success. Executing the strategy to deliver a 5-10Mlb low cost, multi-platform global uranium portfolio. Deep Yellow aims to provide uranium supply security and certainty into a growin
Slide 24: Thank You
For personal use only THANK YOU 23