Silex Systems Limited · ASX:SLX
Silex Systems — Investor Presentation (July 2021)
28 slides from Silex Systems's investor presentation, Jul 28, 2021
Slide 1: Updated Investor Presentation
For personal use only Updated Investor Presentation 28 July 2021 Silex Systems Limited (Silex) (ASX: SLX) (OTCQX: SILXY) is pleased to provide an updated Investor Presentation to support increased investor relations activities over the coming months. The attached updated Investor Presentation provid
Slide 2: Silex Systems Limited Investor Presentation
For personal use only Silex Systems Limited Investor Presentation (ASX: SLX) (OTCQX: SILXY) Dr Michael Goldsworthy CEO/Managing Director July 2021 www.silex.com.au 1
Slide 3: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors For personal use only About Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) Silex Systems Limited ABN 69 003 372 067 (Silex) is a research and development company whose primary asset is the SILEX laser enrichment technology, originally developed at the Com
Slide 4: Commercialising SILEX laser enrichment technology across markets
Silex is commercialising its unique SILEX laser enrichment technology for application to: For personal use only Uranium production Silicon enrichment Other potential and enrichment (silicon quantum markets (e.g. medical (nuclear power) computing) radioisotopes) www.silex.com.au 3
Slide 5: SILEX Technology Commercialisation Overview
SILEX Technology Commercialisation Overview For personal use only 51% Owned 100% Owned Other Potential Markets SILEX Uranium Production via GLE SILEX Zero-Spin Silicon Production E.g. Medical Radioisotopes Technology SILEX laser enrichment Technology SILEX laser enrichment SILEX laser enrichment Lic
Slide 6: Uranium Production and Enrichment for Nuclear Fuel
For personal use only Uranium Production and Enrichment for Nuclear Fuel www.silex.com.au 5
Slide 7: SILEX Uranium Production Opportunity
SILEX Uranium Production Opportunity For personal use only Global demand for Uranium is set to rise: A significant potential uranium supply shortage is forecast • Structural supply deficit could occur without timely production from new resources • Demand could grow significantly as zero-emissions nu
Slide 8: Paducah Uranium Production Opportunity
Paducah Uranium Production Opportunity For personal use only ‘Tier 1’ Uranium Target Commercial Resource* Equivalent U3O8 Operation Date based on low cost and Production longevity of production ~ 5 million lbs per year late 2020’s (Silex estimate of all-in cost for ~30 years < US$25/lb) Captures Val
Slide 9: Paducah – GLE's Flagship Uranium Project
Paducah – GLE’s Flagship Uranium Project For personal use only Paducah, Kentucky (US) Project – a ‘Tier 1’ Uranium Resource* • Paducah Laser Enrichment Facility (PLEF) commercial project to deploy the SILEX technology in the US • Opportunity for low-cost production of ~5 million pounds natural grade
Slide 10: The Paducah Opportunity Value Chain
The Paducah Opportunity Value Chain ‘Full Service’ Nuclear Fuel Materials Model For personal use only SILEX Technology Depleted UF6 Tails Uranium Production LEU Production HALEU Production GLE-DOE Agreement ~5M lbs/yr for 30 years ~2 MSWU1/yr Enrichment 100+ Tons/yr – by 20302 Conventional Nuclear A
Slide 11: Emerging Opportunity - Small Modular Reactors
Emerging Opportunity - Small Modular Reactors (SMR’s) For personal use only • Several next generation SMR designs use High Assay Low Enriched Uranium (HALEU) • SILEX technology may provide a flexible low cost alternative to produce HALEU for SMR’s • SMRs are modular, smaller size (50 MWe to 300 MWe)
Slide 12: SILEX Commercialisation and Royalty Agreement
SILEX Commercialisation and Royalty Agreement For personal use only • GLE holds exclusive worldwide license for use of SILEX laser technology for uranium Paducah, KY Enrichment Plant Site • License agreement includes US$20 million in payments to Silex triggered by commercial development milestones:
Slide 13: Nuclear Power and the Nuclear Fuel Market Opportunity
For personal use only Nuclear Power and the Nuclear Fuel Market Opportunity www.silex.com.au 12
Slide 14: Why Nuclear Power is so important to achieving net zero
Why Nuclear Power is so important to achieving net zero Nuclear power is the only economic source of zero-emissions base load electricity For personal use only Clean Energy Zero-Emissions Low Cost 24/7 Reliability LCOE1 ~ US$70/MWHr Base Load Stability Nuclear Power Highest Capacity Factor Clean Ele
Slide 15: US Uranium Market Outlook – Supply Shortage Forecast
US Uranium Market Outlook – Supply Shortage Forecast For personal use only Mid-Case Uranium Supply and Demand Forecast Million pounds U3O8 © UxC 300 World Market Demand Range 275 250 225 200 175 150 125 100 75 50 25 0 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 3
Slide 16: Uranium Price – Near Term Price Recovery Forecasted
Uranium Price – Near Term Price Recovery Forecasted For personal use only Uranium Long-Term Base Price Forecast Then-Current US$/lb U3O8 © UxC $100 Long-Term Base Price Forecast Comparisons $90 $80 $70 $60 $50 $40 $30 Historical High and Low Annual Ux LT U3O8 Price Variance $20 $10 04 06 08 10 12 14
Slide 17: Significant Nuclear Power Growth Essential for Net Zero 2050
Significant Nuclear Power Growth Essential for Net Zero 2050 For personal use only Nuclear Generation Scenarios World Nuclear Reactor Population TWh 8,000 Net Zero 263% 7,000 Rapid 6,000 Business-as-usual 204% 5,000 4,000 140% 3,000 2,000 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 Source
Slide 18: Paducah Opportunity helps address US Uranium Vulnerability
Paducah Opportunity helps address US Uranium Vulnerability For personal use only Uranium purchased for U.S. nuclear power reactors, 2010 - 2020 million pounds U3O8 equivalent US Imports ~90% of Uranium consumed Source: 2020 EIA Uranium Marketing Annual Report (Released May 2021) www.silex.com.au 17
Slide 19: Zero-Spin Silicon for Quantum Computing
For personal use only Zero-Spin Silicon for Quantum Computing www.silex.com.au 18
Slide 20: SILEX Zero-Spin Silicon Opportunity
SILEX Zero-Spin Silicon Opportunity For personal use only Global race to develop world’s first Quantum Computers • QC’s will be 1000’s of times more powerful than today’s conventional computers • QC will create new opportunities in medicine, AI, cybersecurity, finance, logistics etc • Governments ar
Slide 21: SILEX Project for ZS-Si production gathering momentum
SILEX Project for ZS-Si production gathering momentum For personal use only • Project partners SQC and UNSW part of the Federally funded ‘CQC2T Centre of Excellence’ – ZS-Si for Silicon Quantum Computing a world leader in QC technology development • 3-year project cost ~$8m (includes pilot plant cap
Slide 22: ZS-Si for Silicon Quantum Computing
ZS-Si for Silicon Quantum Computing For personal use only Silex ZS-Si Project Front-end process SILEX ZS-Si production Back-end process Raw silicon SILEX enrichment Pure ZS-Si ZS-Si Quantum chips www.silex.com.au 21
Slide 23: SILEX Zero-Spin Silicon Production Opportunity
SILEX Zero-Spin Silicon Production Opportunity For personal use only Production Aim Target Commercial Commercial pilot scale establish a reliable and Operation Date production ~5 kgs per year, economic supply of high purity anticipated to increase ZS-Si 2023 significantly through next decade Commerc
Slide 24: cREO Advanced Semiconductor Technology
For personal use only ® cREO Advanced Semiconductor Technology www.silex.com.au 23
Slide 25: cREO Advanced Semiconductor Opportunity
cREO® Advanced Semiconductor Opportunity For personal use only IQE’s Solution – IQepiMo™ based on cREO® Silex’s cREO® Advanced Semiconductor materials for 5G Mobile Applications • cREO® technology purchased by IQE (AIM: IQE) in 2018 with US$5 million payment • IQE is global leader in supply of advan
Slide 26: Summary
For personal use only Summary www.silex.com.au 25
Slide 27: Summary
Summary For personal use only GLE JV (Silex 51% and Cameco 49%) aiming to demonstrate SILEX uranium enrichment technology at pilot commercial scale by the mid 2020’s GLE’s path to market focused on the Paducah opportunity - a large, low cost uranium production project with additional potential for u
Slide 28: Thank you
For personal use only Thank you 27