Slide 1: Deep Yellow Limited Investor Presentation
For personal use only Deep Yellow Limited Investor Presentation 20 June 2012 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer 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 providing information to enable recipie
Slide 3: Corporate Overview and Strategy
Corporate Overview and Strategy For personal use only ASX‐listed, Namibian focused advanced stage uranium explorer Market capitalisation approximately A$51 million $10.5 million entitlement issue underway Two advanced stage g Namibian uranium projects p j Portfolio rationalisation underway to ensure
Slide 4: Corporate Profile
Corporate Profile For personal use only The Board Capital Structure – as at 19 June 2012 Mervyn Greene – Chairman Shares on Issue 1 128 736 M 1,128.736 Greg Cochran – Managing Director Unlisted Options/Perf. Rights 12.68 M Martin Kavanagh – Executive Director Market Cap (@ 4.5c) ~ 51 M Gilli SSwaby
Slide 5: Uranium Market Overview - Demand
Uranium Market Overview ‐ Demand For personal use only Impending restart of Japanese power stations to ease short term overhang China on course to resume nuclear development plan – increased competition for quality assets between strategic players New entrants into the nuclear power club adding to l
Slide 6: Uranium Market Overview - Supply
Uranium Market Overview ‐ Supply Supply is highly concentrated by country and company – top 10 companies For personal use only produce 87% of the global total) 13% 16% Cameco 3% Areva 4% KazAtomProm Rio Tinto 4% 16% ARMZ 4% Uranium One Navoi 5% BHP Billiton Paladin 8% 15% Sopamin 12% Source: WNA Sou
Slide 7: Namibian Uranium Mines and Projects
Namibian Uranium Mines and Projects Trekkopje – Areva For personal use only (100 ppm cut‐off) 335 Mt @ 149 ppm: 110 Mlbs Valenica – Forsys Metals (67 ppm cut‐off) 176 Mt @ 156 ppm: 61 Mlbs Marenica – Marenica Energy Limited (100 ppm cut‐off) 196 Mt @ 169 ppm: 73 Mlbs Etango – Bannerman Resources Lim
Slide 8: DYL's Namibian Tenements
DYL’s Namibian Tenements For personal use only 4,195 km2 exploration area: 101.4 Mlbs in resources Note: Exploration in Namibia is conducted by DYL’s wholly‐owned subsidiary Reptile Uranium Namibia (RUN)
Slide 9: Omahola: Flagship Project
Omahola: Flagship Project For personal use only Alaskite alley Located in Namibia’s “Alaskite Alley” Along a trend including the Rossing Uranium Mine (Rio Tinto) and the Husab Project (Formerly held by E t t Resources) Extract R ) Three Deposits to feed one plant: • Ongolo – high grade alaskite host
Slide 10: Omahola Project: Resource Base
Omahola Project: Resource Base For personal use only Ongolo & MS7 (250 ppm cut‐off) 25.8 Mt @ 416 ppm: 23.6 Mlbs EIA Commencing 2012 T i ll 2 Year Typically Y Process P INCA (250 ppm cut‐off) 12.4 Mt @ 492 ppm: 13.4 Mlbs E i Environmental t l Clearance Cl achieved hi d Mining Licence Application sub
Slide 11: Omahola Project: Status
Omahola Project: Status Interim PFS results on INCA/TRS Deposits (SNC‐Lavalin – Jan 2011) For personal use only • 2.2 Mlbs pa design capacity, assumed12 year mine life • Open pit / Surface Mining, conventional acid leach processing plant • Capex: ~US$330m and Opex: ~US$30/lb Obj ti finalise Objectiv
Slide 12: Omahola Project: Exploration Success
Omahola Project: Exploration Success… For personal use only …the resource base continues to grow…
Slide 13: Tubas Sand Project: Location
Tubas Sand Project: Location For personal use only Tubas‐TRS Deposit showing area with known red sand
Slide 14: Tubas Sand Project: Overview
Tubas Sand Project: Overview For personal use only Low‐grade uranium mineralisation in aeolian sand deposit (~150 ppm U3O8) Upgradeable to ~1 1,000 000 ppm U3O8 by physical beneficiation Inferred JORC resource 87Mt @ 148 ppm for 28.4Mlbs U3O8 Mineral almost exclusivelyy carnotite Strategy: • Develop
Slide 15: Shiyela Iron Project: Location
Shiyela Iron Project: Location For personal use only Clear Infrastructure advantage – power and 45 kilometres by road from Walvis Bay port
Slide 16: Shiyela Iron Project: Status
Shiyela Iron Project: Status For personal use only JORC Magnetite resource (Golders) • 78.7Mt 78 7Mt at 18.8% 18 8% Fe at a 16.6% 16 6% DTR Scoping Study Results (ProMet) • Capex: U$417 M • Add U$50 M for Hematite Circuit • Includes U$110 M for power & water • Opex: U$77.40/ton Current activity: • F
Slide 17: Corporate: Raptor earn-out terminated
Corporate: Raptor earn‐out terminated For personal use only Deep Yellow acquired its Namibian interests in October 2006 from Raptor Minerals Limited in a deal which included an earn‐out entitlement Earn out – 1.5% Earn‐out 1 5% of Inground value of any project developed on EPLs, EPLs settled at deci
Slide 18: Summary - clearly defined strategy
Summary – clearly defined strategy For personal use only Two advanced stage uranium projects in one of the world’s most prominent uranium mining districts in Namibia • Omahola is only independent high grade Namibian uranium project • Omahola resource base growing steadily • Planned nameplate capacit
Slide 19: Contact Details
Contact Details For personal use only Greg Cochran Managing Director Deep Yellow D Y ll Limited Li it d Level 1, 329 Hay Street Subiaco,, Western Australia 6008 T +61 8 9286 6999 M +61 409 938‐784 F +61 8 9286 6969 Email: greg.cochran@deepyellow.com.au Email: info@deepyellow.com.au Website: www.deep
Slide 20: Appendices
For personal use only Appendices
Slide 21: JORC Resource Summary - June 2012
JORC Resource Summary – June 2012 Cut-off Tonnes U3O8 U3O8 U3O8 For personal use only Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) NAMIBIA Omahola Project INCA Indicated 250 7.0 470 3,300 7.2 INCA Inferred 250 5.4 520 2,800 6.2 Ongolo # Indicated 250 14.7 410 6,027 13.2 Ongolo # Inferred 250
Slide 22: JORC Compliance Statements
JORC Compliance Statements Namibia For personal use only The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Leon Pretorius, a Fellow of the Australasian Institute of Mining and Metallurgy. Dr Pretorius, Managin
Slide 23: JORC Resource Summary - June 2012
JORC Resource Summary – June 2012 For personal use only SHIYELA (NOVEMBER 2011) Cut-off Tonnes DTR Fe Deposit Category (DTR%) (M) (%) (%) M62 - Fresh Inferred 10 40.2 17.12 17.02 M62 - Oxide Inferred 10 3.5 15.46 18.13 M62 Total 43.7 16.99 17.11 M63 - Fresh Inferred 10 34.8 15.15 21.10 M63 - Oxide I