Energy Resources Of Australia Ltd. Class A · ASX:ERA
Energy Resources Of Australia Ltd. Class A — Investor Presentation (September 2013)
19 slides from Energy Resources Of Australia Ltd. Class A's investor presentation, Sep 16, 2013
Slide 1: ASX cover letter to Company Announcements Office
Head office Level 3, Energy House, 18-20 Cavenagh St, Darwin NT 0800 GPO Box 2394, Darwin NT 0801, Australia T +61 8 8924 3500 F +61 8 8924 3555 Ranger mine Locked Bag 1, Jabiru NT 0886 Australia T +61 8 8938 1211 F +61 8 8938 1203 www.energyres.com.au ABN 71 008 550 865 A member of the Rio Tinto Gr
Slide 2: ERA update
For personal use only ERA update Rob Atkinson | Chief Executive Steeve Thibeault | Chief Financial Officer 16 September 2013 www.energyres.com.au
Slide 3: Acknowledge Traditional Owners
Acknowledge Traditional Owners For personal use only • The mining operations of Energy Resources of Australia Ltd (ERA) are located on Aboriginal land and are surrounded by, but separate from, Kakadu National Park • ERA respectfully acknowledges the Mirarr, Traditional Owners of the land on which th
Slide 4: Forward-looking statement
Forward-looking statement • This presentation has been prepared by Energy Resources of Australia Ltd (“ERA”) and consists of the slides for a presentation concerning ERA. By reviewing/attending this presentation you agree to be bound by the following conditions. For personal use only Forward-looking
Slide 5: Agenda
Agenda • Overview For personal use only • Safety and people • Brine Concentrator • Ranger 3 Deeps • Progressive rehabilitation • Business Review • Market • Summary 4 www.energyres.com.au
Slide 6: Overview
Overview • Uranium market challenging in the near term, but long term fundamentals remain For personal use only positive • In light of this, ERA’s strategic areas of focus continue to be: – Health, safety and environment • All Injury Frequency Rate of 0.36 (year to date) – Increase resource base on
Slide 7: Overview continued
Overview continued – Continue to strengthen relationships with all key stakeholders For personal use only – Continued strong operational performance • 2013 forecast U308 production expected to be between 2,800 tonnes to 3,200 tonnes – Significantly reduce cash costs of operations • On track to achie
Slide 8: Safety and people
Safety and people 5 Safety For personal use only 4.5 – Continued strong focus on safety and 4 has achieved year to date an All Injury Frequency rate (per 200,000 hrs worked) 3.5 Frequency Rate of 0.36 (12 month 3 rolling average) 2.5 – Record number of days without 2 recordable injury achieved on 7
Slide 9: Exploration decline progress
Ranger 3 Deeps exploration decline progress For personal use only As at 12 September 2013 face position is 1,383 metres from surface 8 www.energyres.com.au
Slide 10: First cross section of underground close-spaced drilling completed
First cross section of underground close-spaced drilling of the Ranger 3 Deeps mineral resource completed • Ranger 3 Deeps Exploration Decline For personal use only – Project on schedule and budget – 7 per cent of drilling programme completed to date – Macmahon Underground Pty Ltd constructing decli
Slide 11: Exploration decline drilling sequence
Ranger 3 Deeps exploration decline drilling sequence For personal use only 3rd Drill fan about to commence. Due for completion approximately mid November (grey) First drill fan complete (pink) Drilling plan to explore northern extension. Due for completion Current fan of drill approximately April ho
Slide 12: Potential underground mine
Ranger 3 Deeps potential underground mine Ranger 3 Deeps Mine Prefeasibility Study For personal use only – $57 million underground mine Prefeasibility study progressing in parallel to the decline construction – The Prefeasibility Study is on schedule, fully funded and on budget – The study includes
Slide 13: Brine Concentrator operating and producing clean distilled water
Brine Concentrator operating and producing clean distilled water For personal use only • The Brine Concentrator is critical to water management and the rehabilitation programme • The Brine Concentrator is operating, producing clean distilled water and will be formally opened by NT Chief Minister Ada
Slide 14: Progressive rehabilitation making good progress
Progressive rehabilitation making good progress For personal use only Pit 3 September 2013 Pit 3 at completion of mining in November 2012 • Pit 3 initial backfill material moved since December 2012 to current date is approximately 17 million tonnes out of a total of 30 million tonnes • Pit 1 dewater
Slide 15: On track to meet 2011 cost savings target of $150 million
On track to meet 2011 cost savings target of $150 million by 2014 • Reduced the number of employees by 20 per cent from 2011 to September 2013 For personal use only – Reduced the number of support staff (HR, Finance, HSE) – Rosters reduced and simplified At 30 June 2013, ERA has achieved total cumul
Slide 16: Relationship with the Gundjeihmi Aboriginal Corporation
Relationship with the Gundjeihmi Aboriginal Corporation • The relationship with the Gundjeihmi Aboriginal Corporation, who represent the Mirarr For personal use only Traditional Owners continues to develop • In the first half of 2013, the focus has been on – implementation of the Mining Agreement –
Slide 17: The market remains challenged in the near term
The market remains challenged in the near term The after effects of Fukushima continue to weigh on the market For personal use only − Still only two units operating in Japan, as the Nuclear Regulation Authority evaluates required upgrades and seismic safety − Next units expected to be re-started in
Slide 18: However, longer-term market fundamentals strong
However, longer-term market fundamentals strong Global long-term nuclear growth projections remain strong For personal use only − China has 28 units under construction and another 53 planned by 2025 − Reactor growth still occurring in the US, Korea, UAE, India, and elsewhere The growth drivers are l
Slide 19: Summary
Summary • Continued strong safety and environmental performance For personal use only • 2013 production of uranium oxide is expected to be between 2,800 and 3,200 tonnes • Ranger 3 Deeps Exploration Decline and Ranger 3 Deeps Mine Prefeasibility Study, progressing on budget and on schedule • Key reh
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