Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Africa DownUnder Conference 2010
20 slides from Bannerman Energy's conference presentation, Sep 1, 2010
Slide 1: Strong Leverage to the Nuclear Renaissance
For personal use only Strong Leverage to the Nuclear Renaissance September 2010
Slide 2: Forward-Looking & Technical Disclosures
Forward-Looking & Technical Disclosures For personal use only Certain disclosures in this presentation, including management's assessment of Bannerman Resources Ltd’s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relatin
Slide 3: Etango Uranium Project
Etango Uranium Project Positioned for substantial U3O8 price leverage For personal use only Right Place Namibia, premier location History of uranium mining Infrastructure Prospectivity Right Scale 5-7 Mlbs U3O8 per year Mine life +16 years 162Mlbs & 1,300km2 landholding Right Time Global
Slide 4: Namibia: Premier uranium mining jurisdiction
Namibia Premier uranium mining jurisdiction For personal use only Stable democratic government. 4th largest uranium producing Etango Uranium country – ambitions to grow. Project Swakopmund Walvis Bay Windhoek Political and social support of uranium mining. 35 years of uranium mining – curren
Slide 5: Premier Uranium Province
Premier Uranium Province ~ 162 Mlbs U3O8 & 1,300 km2 landholding For personal use only Page 5 Right Place
Slide 6: Etango Pre-Feasibility Study
Etango Pre-Feasibility Study – Dec 09 Feasibility study status update scheduled for Q410 For personal use only • Large near-surface resource. Mineral • March 2010 update - Measured & Indicated 142Mlbs & Inferred Resource 20Mlbs U3O8. • 6km strike length. • 3.5 : 1 open pit stripping ratio. Mining &
Slide 7: Multiple Mineralised Zones
Multiple Mineralised Zones New zones at Hyena & Ondjamba For personal use only Current resource 162 Mlbs: Anomaly A Oshiveli Onkelo ~90% in Measured and Inferred categories. New zones at Hyena & Ondjamba. Next resource estimate update at end September. Right Scale Page 7
Slide 8: Favourable Resource Geometry
Favourable Resource Geometry Shallow dipping and 70% within 200 metres of surface For personal use only C Etango Long Sections A B 350 metres A 6km D B C D 200 metres 350 metres Page 8 8 Page Right Scale
Slide 9: Mineral Resource
Mineral Resource Forward A consistentLooking andatTechnical growth story Disclosures < US$ 0.50 per lb U3O8 Etango Project* Mineral Resource Estimate For personal use only at a lower cut-off of 100ppm as at March 2010 180 160 Inferred 20.0 Contained Metal (Million lbs U3O8) 140 Indicated 52.4 49.2 M
Slide 10: Mining Review
Mining Review Realising cost reduction opportunities For personal use only 1 In Pit Dumping Stage 5 waste to stage 2 pit 2 Deferred waste stripping. Stage 8/9 waste to stage 5 pit Larger equipment: 5 4 27m3 excavators. 3 250t haul trucks. 9 In pit waste rock dumping. 8 7 6 Page 10 Right
Slide 11: Metallurgical testing
Metallurgical testing Favourable grind - recovery relationship for tank leaching For personal use only Bannerman ore is not as sensitive to grind size as Rössing ore. Average for 0.3mm Average for 0.4mm Average for 0.5mm Average for 0.6mm Average for 0.7mm Average for 0.8mm Average for 0.10mm Page 1
Slide 12: Key Project Features
Key Project Features A blend of scale and simplicity For personal use only 70 % of the 6km deposit is within 200 metres of surface. Geological sequence excludes high acid consuming marble rocks. Relatively low open pit strip ratio of ~4 to 1. Mineralogy is very amenable to sulphuric acid lea
Slide 13: Indicative Development Timeline
Indicative Development Timeline For personal use only 2012 - 13 * Construction 2011 * Pre-strip mining * Finalise DFS * Commissioning * Board approval 2010 * Financing Resource Update * Finalise process flow-sheet * Mining licence Page Page 13 13 Right Time
Slide 14: Estimated Annual Production (Mlbs U3O8)
For personal use only Estimated Annual Production (Mlbs U3O8) Page 14 10.0 15.0 20.0 25.0 0.0 5.0 McArthur River (Can) Rössing South (Nam) Rössing (Nam) Ranger (Aus) LLP Kazatomprom (Kaz) Olympic Dam (Aus) Priargunsky (Rus) Niger (Niger) Muyunkum (Kaz) Navoi (Uzb) Etango (Nam) Existing operation Lan
Slide 15: Nuclear Power Utilities
Nuclear Power Utilities Chasing limited new uranium sources For personal use only 120 Nuclear Reactor Build Programs Estimated Number of Nuclear Power Reactors World Nuclear Association Estimates 2009-2030 100 80 High Growth Regions 60 40 20 0 Canada China France India Japan Korea Russia Sweden Ukra
Slide 16: Exploration Upside
Exploration Upside Etango RadonXTM Surveys For personal use only Good correlation with known mineralisation. Rössingberg trend Rössingberg radon cup represents 16km anomalies mineralised system. Initial focus on Etango area. Etango deposit Right Place Page 16
Slide 17: Rössingberg Prospect
Rössingberg Prospect New drill targets For personal use only Strong trend lines coincide with radiometric Radiometric Anomalism anomalism. Large radon anomaly in centre absent on radiometric images. Drill ready targets. Right Place Page 17
Slide 18: Capital Structure
Capital Structure For personal use only As at August 30, 2010 Share price A$0.37 Shares - currently on issue 202 M Options - exercise prices A$0.20-7.50/share, average A$2.39/share 22M Convertible Note - matures Dec-2011 for A$10M or 16.3M shares 16 M Contingent Share Issue - on grant of mining lice
Slide 19: Investment Proposition
Investment Proposition Right Place, Right Scale, Right Time For personal use only Key stakeholder support Premium Namibian uranium brand Technical feasibility Established low risk technology Global significance 162Mlbs U3O8 Growth outlook Prospective landholding Ability to finance
Slide 20: For personal use only
For personal use only www.bannermanresources.com.au Page 20
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