Deep Yellow Limited · ASX:DYL
Deep Yellow — Mines and Money Hong Kong 2012
34 slides from Deep Yellow's conference presentation, Mar 20, 2012
Slide 1: Mines and Money Hong Kong 2012 Investor Presentation
Deep Yellow For personal use only Limited Mines and Money Hong Kong 2012 Investor Presentation 20th March 2012 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer Forward Looking Statements For personal use only This presentation has been prepared by Deep Yellow Limited (“Deep Yellow”). The information contained in this presentation is of a general nature only and does not constitute and offer to issue, or to arrange an issue, of securities or fina
Slide 3: Overview & Vision
Overview & Vision For personal use only Corporate Profile 2011 Highlights 2012 Objectives Namibian Projects • Omahola • Tubas-TRS • Shiyela Iron Conclusion Commence uranium production in Namibia in 2015 and continue to successfully grow our uranium resource base
Slide 4: Corporate Profile
Corporate Profile For personal use only The Board Capital Structure – as at 28 Feb 2012 Mervyn Greene – Chairman Shares on Issue 1,128.74 M Greg Cochran – Managing Director Unlisted Options/Perf. Rights 13.78 M Martin Kavanagh – Executive Director Market Cap (@ 13c) ~ 147 M Gillian Swaby – N.E.D Net
Slide 5: 2011 Results
2011 Results Omahola Project For personal use only • PFS interim results released • Resource increased by ~24 Mlbs • Grade increased by ~9% to 441 ppm U3O8 • INCA EIA and Mining Licence Application (MLA) submitted Tubas-TRS Project: • Successful Physical Beneficiation Trials • EIA and Mining Licence
Slide 6: 2012 Objectives
2012 Objectives Omahola Project: For personal use only • Continue to expand Ongolo & MS7 Resource Base • Achieve Resource Critical Mass for Project (>50 Mlbs) • Ongolo Scoping EIS & Finalise Pre-Feasibility Study Tubas-TRS Project • Upgrade Resource • Stand Alone Option Pre-Feasibility Study Shiyela
Slide 7: Namibian Tenements – Reptile Uranium
Namibian Tenements – Reptile Uranium* 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 8: Namibian Advanced Stage Projects
Namibian Advanced Stage Projects OMAHOLA PROJECT For personal use only ONGOLO & MS7 INCA URANIFEROUS ALASKITE MAGNETITE JORC resource: 23.6 Mlbs JORC resource: 13.4 Mlbs Primary mineralisation Primary mineralisation Open Pit Hard rock – Drill & blast Open Pit Hard rock – Drill & blast Acid plant tre
Slide 9: Omahola & Tubas-TRS Project Locations
Omahola & Tubas-TRS Project Locations For personal use only Ongolo & MS7 (250 ppm cut-off) 25.8 Mt @ 416 ppm: 23.6 Mlbs INCA (250 ppm cut-off) 12.4 Mt @ 492 ppm: 13.4 Mlbs Tubas-TRS (70 ppm cut-off) 87 Mt @ 148 ppm: 28.4 Mlbs Omahola JORC Resource: 38.2 Mt at 441 ppm for 37 Mlbs U3O8
Slide 10: Omahola Project Overview
Omahola Project Overview Three Deposits feeding One Plant: For personal use only • Ongolo – High grade alaskite hosted uranium mineralisation • MS7– Ongolo Satellite, high-grade alaskite hosted uranium mineralisation • INCA – Unique high grade uranium, magnetite and pyrite mineralisation Hard Rock R
Slide 11: Omahola Project Exploration Success
Omahola Project Exploration Success… For personal use only …the resource base continues to grow…
Slide 12: Omahola Project Timeline
Omahola Project Timeline For personal use only 2015 Construction Target
Slide 13: Tubas-TRS Project Location
Tubas-TRS Project Location For personal use only Tubas-TRS Deposit showing area with known red sand
Slide 14: Tubas-TRS Project Basics
Tubas-TRS Project Basics For personal use only Deposit Characteristics: Well-sorted windblown sand, low grade uranium Free flowing/weakly consolidated Large area along the Tubas palaeochannel Bulk of uranium in sub 20 µ fraction Uranium mineral almost exclusively carnotite At~150 ppm, generally cons
Slide 15: Tubas-TRS Project Schauenburg Solution
Tubas-TRS Project Schauenburg Solution Process: For personal use only Hydrosort®- II Scrubbing Hydrosort®- I 3 X Hydrocyclones Successful Pilot Plant Test: Hydrocyclone Schematic Simple process Uranium Recovery >80% Carbonate reduction >80% Mass pull between 10% ~ 20% Uranium upgrade factor 7.9 (at
Slide 16: Tubas-TRS Project Standalone Strategy
Tubas-TRS Project Standalone Strategy For personal use only Develop sand mining operation with Schauenburg Plant Construct Resin-In-Leach Circuit on the INCA MLA Produce loaded resin for sale to existing producers Small columns transportable by truck Schauenburg plants are modular, ~ 250 tpa U3O8 pe
Slide 17: Tubas-TRS Project Bulk Sample
Tubas-TRS Project Bulk Sample For personal use only Trench for Bulk Sample Spoil Pile
Slide 18: Tubas-TRS Project Separation Testwork
Tubas-TRS Project Separation Testwork For personal use only Pilot Plant Mineral Liberation
Slide 19: Tubas-TRS Project Leach Testwork
Tubas-TRS Project Leach Testwork For personal use only Successfully Loaded IX Resin @ pH 2.5
Slide 20: Tubas-TRS Project Timeline
Tubas-TRS Project Timeline For personal use only Aggressive timetable to 2015 production
Slide 21: 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 22: Shiyela Iron Project Overview
Shiyela Iron Project Overview For personal use only Close to Infrastructure Low strip ratio Competitive Capex Fast track development Exploration upside Outstanding coarse product • 150 μ Blast Furnace Grade Shiyela Quality Specification (at 45 μ) Deposit Fe % SiO2 % Al2O3 % P% S% LOI % M62 70.22 0.7
Slide 23: Shiyela Iron Project Status
Shiyela Iron Project Status Golder Associates (Perth) JORC resource For personal use only • 78.7Mt at 18.8% Fe at a 16.6% DTR ProMet (Perth) completed Scoping Study • Capex: U$467 M • Capex includes U$50 M for Hematite Circuit • Includes U$110 M for power & water • Opex: U$77.40/ton Project Status:
Slide 24: Shiyela Iron Project Timeline
Shiyela Iron Project Timeline For personal use only On a Fast Track….
Slide 25: Conclusions
Conclusions For personal use only DYL is ideally positioned with two advanced stage uranium projects in Namibia: • The Omahola Project is the last remaining independent Namibian project with grades above 400 ppm U3O8. Its resource base continues to grow rapidly with ongoing exploration success. • Th
Slide 26: Contact Details
Contact Details For personal use only Greg Cochran Managing Director Deep Yellow Limited 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.deepyellow.com.au Vi
Slide 27: Appendices
For personal use only Appendices
Slide 28: Namibian Uranium Mines and Projects
Namibian Uranium Mines and Projects Marenica – Marenica Energy Limited For personal use only (100 ppm cut-off) 196 Mt @ 169 ppm: 73 Mlbs Trekkopje – Areva (100 ppm cut-off) 335 Mt @ 149 ppm: 110 Mlbs Valenica – Forsys Metals (67 ppm cut-off) 176 Mt @ 156 ppm: 61 Mlbs Rossing – Rossing Uranium Limite
Slide 29: DYL's Uranium Project Criteria
DYL’s Uranium Project Criteria Grade: For personal use only • ~300ppm U3O8 for palaeochannel and sheetwash calcretes • ~400ppm U3O8 for hard rock open pit deposits (alaskites) • ~1,000ppm U3O8 for potential underground deposits Minimum 18Mlbs U3O8 per deposit with upside (15 yr mine life) Minimum pr
Slide 30: Australia - Queensland
Australia - Queensland Almost 1,700 km2 exploration area: 4.8 Mlbs in resources For personal use only Exploration Success with increased high grade JORC….
Slide 31: Australia – Northern Territory
Australia – Northern Territory Over 23,000 km2 exploration area: 7.4 Mlbs in resources For personal use only Existing Resource Base with Historical Upside….
Slide 32: JORC Resource Summary – March 2012
JORC Resource Summary – March 2012 Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) For personal use only 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 33: JORC Compliance Statements
JORC Compliance Statements Namibia 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 For personal use only Institute of Mining and Metallurgy. Dr Pretorius, Managin
Slide 34: JORC Resource Summary – March 2012
JORC Resource Summary – March 2012 SHIYELA (NOVEMBER 2011) For personal use only 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