Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Shareholder Meeting (November 2011)
21 slides from Bannerman Energy's shareholder meeting presentation, Nov 17, 2011
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 17 November 2011 Perth, Western Australia
Slide 2: Technical Disclosures and Forward-Looking Disclaimers
Technical Disclosures and Forward-Looking Disclaimers 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 f
Slide 3: Nuclear Power Tigers
Nuclear Power Tigers For personal use only • 2.5 billion people in China and India – 36 % of global population. • Both countries enjoying 8%+ GDP growth. • 1 billion people will live in China’s cities by 2030*. • China will become the world’s largest economy before 2020. • Total net electricity gene
Slide 4: New Reactor Build Outlook
New Reactor Build Outlook: Key nuclear growth nations remain firmly committed…but do not For personal use only have the required uranium # reactors 200 180 Proposed 443 reactors operating 160 Planned 178 under construction 140 Under Construction 325 planned and proposed Operating Reactors 120 100 By
Slide 5: Bannerman Share Price Leverage
Bannerman Share Price Leverage For personal use only 5
Slide 6: Uranium price – a positive long term trend
Uranium price – a positive long term trend For personal use only Price source: Ux Consulting. 6
Slide 7: Etango – Top Global Uranium Project
Etango – Top 15 Global Uranium Project For personal use only Contained Resources (Mlbs U3O8) Developing of Pure Uranium Projects Producing 1,000 856 800 619 Namibia 600 502 488 446 407 400 343 261 256 212* 173 200 101 80 0 Cameco / Kazatomprom Ranger/Jabiluka McArthur River Imouraren Inkai Lethlakan
Slide 8: Etango – Top Global Uranium Project
Etango – Top 15 Global Uranium Project For personal use only 8
Slide 9: DFS Timetable
DFS Timetable Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 For personal use only Qtr Qtr Qtr Qtr Qtr Qtr Qtr PFS Update (Completed) PFS Review (Completed) Incorporate Met. testwork Engineering Financial opportunities & site layout (Completed) & Costing Modelling (Completed) On-site pilot plant I
Slide 10: Etango – A Unique Deposit
Etango – A Unique Deposit Granitic – “sand & gravel” For personal use only like, with no clay 1. Consistent mineralisation in Close-up image of the base of a 7 broad zones. metre column test 2. Shallow deposit enables fast ramp-up as 70% of the mineralisation is in the top 200 metres. 3. Uniform and
Slide 11: Prioritised material movement…
Prioritised material movement… For personal use only 0 1km 2km Updated Etango Site Layout 11
Slide 12: Simplified Process Flowsheet…
Simplified Process Flowsheet… For personal use only 12
Slide 13: First uranium from Etango
First uranium from Etango For personal use only Processing testwork relocated to Swakopmund, Namibia. Confirms flowsheet for SX and precipitation circuits. Country Manager – Werner Ewald holding uranium in the form of ammonium diuranate (ADU). 13
Slide 14: Significant Mine Life Upside
Significant Mine Life Upside For personal use only Hyena Deposit (Inferred resource) Ondjamba Deposit (Inferred resource) Open at depth Resource zones outside pit design Etango Deposit (88% in Measured & Indicated resource categories) 1km 14
Slide 15: Exploration Upside
Exploration Upside For personal use only 1. Onkelo West – mineralised alaskite rocks at surface indicating potential for parallel structures. 3 2. Hyena/Ondjamba – previous drilling indicates good potential to connect the two inferred resource areas. 3. Rössingberg/Ombuga/Gohare – previous RadonXTM
Slide 16: Sustainability – making a real difference
Sustainability – making a real difference For personal use only Learner assistance school programs Radiation safety initiatives, including the first Radiation Management Plan Metallurgical testwork transferred to Swakopmund Pioneered cooperation with tourism Environmental rehabilitation bodies inclu
Slide 17: Consistent improvement in health and safety performance
Consistent improvement in health and safety performance For personal use only Injury Frequency Rate Trends Zero LTI’s in past 2 years Zero injuries in last 12 months 17
Slide 18: By end-March 2012…
By end-March 2012… For personal use only Bannerman Resources will: 1. Have a DFS confirming the technical viability of a +15 year mine life at 6-8 Mlbs U3O8 per annum. 2. Have lodged its supplementary information in support of the existing mining license application. 3. Be extremely well positioned
Slide 19: Positioned for re-rating…
Positioned for re-rating… A$6.00 For personal use only A$5.48 Enterprise values (A$) per U3O8 resource pound A$5.00 A$4.00 A$3.22 A$3.00 A$2.00 A$1.06 A$1.06 A$1.00 A$0.85 BMN A$0.39/lb - Exploration Pre-feasibility Feasibility Developer Producer Source: Various broker research, November 2011 19
Slide 20: Scale, Simplicity, Substance
www.bannermanresources.com For personal use only Scale, Simplicity, Substance
Slide 21: Mineral Resource Statement
APPENDIX Mineral Resource Statement As at November 2011 For personal use only Etango Project* Mineral Resource Estimate at a cut-off grade of 100ppm U3O8 Category Tonnes Grade Contained U3O8 (Mt) (ppm U3O8) (Mlbs) Measured 62.7 205 28.3 Indicated 273.5 200 120.4 Measured & Indicated 336.2 201 148.7
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