Berkeley Energia Limited · ASX:BKY
Berkeley Energia — Corporate Update (August 2022)
24 slides from Berkeley Energia's corporate update, August 2022
Slide 1: Salamanca Project Update
SALAMANCA PROJECT UPDATE AUGUST 2022 Berkeley Energia Limited | LSE / ASX / BdM: BKY | ABN: 40 052 468 569 | www.berkeleyenergia.com
Slide 2: Salamanca Project
Salamanca Project Wholly owned, world class uranium project in Spain >€90m invested in project over +10 years Resource base ~90 Mlba U3O8 (67% M&I) DFS and FEED completed in 2016-2017 >120 previous permits and favourable reports granted at local, regional, federal and EU levels Final permit required
Slide 3: Project Configuration - Staged Development
Project Configuration - Staged Development Staged development & capital expenditure, incorporating three deposits (Retortillo, Zona 7, Alameda) Open pit mining Heap leaching at each site Centralised processing plant at Retortillo Zona 7 ore conveyed to processing plant Alameda ore initially treated
Slide 4: Key DFS Outputs (2016)
Key DFS Outputs (2016) Large scale Long life Low Capex (excellent infrastructure) Extremely low Opex Strong cash flow generation Excellent project economics Uranium price assumption (US$39-68/lb, ave. ~US$50/lb) Source: BKY Definitive Feasibility Study, July 2016 4
Slide 5: Low OPEX & Existing Infrastructure
Low OPEX & Existing Infrastructure Source: BKY Definitive Feasibility Study, July 2016 5
Slide 6: Excellent Infrastructure
Excellent Infrastructure Access Power Water Site Infrastructure Regional Infrastructure Sulphuric Acid Sources 6
Slide 7: Steady State Production to be maintained
Steady State Production to be maintained Source: BKY Definitive Feasibility Study, July 2016 7
Slide 8: Job creation
Job creation JOB Creation POPULATION DECLINE - CASTILLA Y LEÓN Salamanca project to address economic decline & depopulation 2,600,000 2,550,000 2,500,000 2,450,000 2,400,000 2,350,000 -30% Retortillo & Villavieja de Yeltes 2,300,000 2,250,000 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 20
Slide 9: Strong ESG Credentials
ESG Credentials efi cs 2020 md CONTRIBUTION TO SUSTAINABLE MINING WINNER EUROPE BERKELEYenergia*® Uranium Production at Spain's Salamanca Project: SDG Champion Berkeley Energia Will Create Jobs, New Skills and Prosperity 04 Feb, 2021 BEARABLE ONGENVIRONMENT EE Compatible with the existing activities
Slide 10: Strong ESG Credentials
ng ESG Credentials 400 Kg of donate food Calculate our ‘Carbon Footprint for the last 3 diversity, food donation and sustainable practices with the in agriculture Sustainable << Development Carbon Sustainable Footprint Garden Train staff ‘on the Sustainable Development Got 570 hours eat ' ; 4 be Tat
Slide 11: Sustainability
Sustainability MEMORIA DE SOSTENIBILIDAD 2020 ‘ene A BERKELEY, AN OPPORTUNITY FOR PROGRESS ECONOMIC INVESTMENT OUTSTANDING 94,000,001 ste INVESTMENT FROM ‘Addition THE UK AND AUSTRALIA INDUSTRY LOCATED IN A RURAL, DEPOPULATED AREA Increating the settlement ‘ond consolidation of population 2020 AWARD
Slide 12: Permitting
Permitting Final permit required to commence construction (NSC II) rejected in November 2021, following NSC (regulatory body) unfavourable report in July 2021 BKY strongly refutes NSC’s assessment, with technical issues used as justification to issue the unfavourable report lacking in both technical
Slide 13: Permitting
Permitting Ministry for Ecological Transition and Demographic Challenge (MITECO) subsequently rejected NSC II without following the legally established procedure i.e. Improvement Report not taken into account and sent to NSC for its assessment Company believes MITECO has infringed regulations on adm
Slide 14: Nuclear Power in Spain
Nuclear Power in Spain Nuclear power generation for >50 years ~39% of uranium required to fuel existing reactors sourced from Russia Security of supply becoming a critical issue BKY controls largest uranium resource in EU Retortillo can cover Russian imports within 24 months Salamanca project can co
Slide 15: European Nuclear Power trend
European Nuclear Power trend European Parliament voted to allow nuclear energy to be defined as a sustainable energy source under EU Taxonomy Regulation European Commission’s REPowerEU plan recognises nuclear will have a role to play in ensuring security of EU energy supplies, and highlights the imp
Slide 16: European Nuclear Power trend
European Nuclear Power trend Polish Government aims to deploy up to six large reactors at multiple sites in the country by 2040, with the first to begin operating in 2033 UK Government plans to boost "long-term energy independence, security and prosperity" by building eight new nuclear reactors by 2
Slide 17: Spanish Political Environment
Spanish Political Environment Spain experiencing economic and energy crises: ▪ inflation at 38 year high1 ▪ energy costs at record highs2 ▪ high unemployment3 Spanish Socialist Workers' Party (PSOE) and Unidas Podemos currently form a coalition government at Federal level New leader of main oppositi
Slide 18: Spanish Political Environment
Spanish Political Environment Results of recent Regional Government Elections: Andalusia (June 2022) ▪ won by PP, with an absolute majority ▪ PP recorded its best-ever result in the region ▪ win in former Socialist stronghold seen as show of strength for new PP federal leader Castilla y León (Februa
Slide 19: Nuclear Industry related developments in Spain
Nuclear Industry related developments in Spain PP economic proposals to address Spain’s double crises includes: ▪ resurrection of nuclear power and "extending the useful life of the reactors“ ▪ nuclear must play a key role in ecological transition as support for renewable energies Vox party requeste
Slide 20: Stakeholder Engagement
Stakeholder Engagement Strongly defend position Redoubling comprehensive in relation to adverse stakeholder engagement resolution by MITECO program at local, regional and Critical Raw Materials federal levels Supported by Strategy developed and aggressive media implemented with inputs campaign from
Slide 21: Battery and Critical Metals Exploration Program
Battery and Critical Metals Exploration Program Exploration focusing on battery & critical metals in Spain Targeting lithium, cobalt, tin, tungsten & rare earths Undertaking analysis of endowment across entire mineral rich province and other prospective regions view to identify targets and regional
Slide 22: Corporate
Corporate Capital Structure Shares on Issue Unlisted Options Market Capitalisation Cash Position (undiluted @ A$0.35) (at 30 June 2022) 445.8m 57.0m A$ 156m A$ 80m Substantial Shareholders Paradice Investment Packer & Co Management Management Investigator Trust 9.9% 6.4% ~3.5% Shareholder Split 22
Slide 23: Important notices
Important notices Forward Looking Statements Statements regarding plans with respect to Berkeley’s mineral properties are forward-looking statements. There can be no assurance that Berkeley’s plans for development of its mineral properties will proceed as currently expected. There can also be no ass
Slide 24: Mineral Resource Estimate at Salamanca
Mineral Resource Estimate at Salamanca Deposit Resource Tonnes U3O 8 U3O 8 Category Name (Mt) (ppm) (Mlbs) Retortillo Measured 4.1 498 4.5 Indicated 11.3 395 9.8 Inferred 0.2 368 0.2 Total 15.6 422 14.5 Zona 7 Measured 5.2 674 7.8 Indicated 10.5 761 17.6 Inferred 6.0 364 4.8 Total 21.7 631 30.2 Alam