Slide 1: Deep Yellow Limited - Australian Uranium Conference
For personal use only Deep Yellow Limited Australian Uranium Conference 19 July 2012 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer For personal use only This document has been prepared by Deep Yellow Limited (Deep Yellow, DYL or the Company) in connection with providing an overview to interested analysts and investors. This presentation is being provided for the sole purpose of providing information to enable recipie
Slide 3: Presentation Overview
Presentation Overview For personal use only Corporate Profile Namibian Overview Deep Yellow Namibian Portfolio Omahola Project Tubas Sand Project Conclusion 3
Slide 4: Corporate Profile
Corporate Profile For personal use only The Board Capital Structure – as at 29 June 2012 Mervyn Greene – Chairman Shares on Issue 1 379 567 M 1,379.567 Greg Cochran – Managing Director Unlisted Options/Perf. Rights 12.68 M Martin Kavanagh – Executive Director Market Cap (@ 4.7c) ~ 65 M Gilli SSwaby
Slide 5: Namibian Uranium Mines and Projects
Namibian Uranium Mines and Projects Trekkopje – Areva For personal use only (100 ppm cut‐off) 335 Mt @ 149 ppm: 110 Mlbs Valenica – Forsys Metals (67 ppm cut‐off) 176 Mt @ 156 ppm: 61 Mlbs Marenica – Marenica Energy Limited (100 ppm cut‐off) 196 Mt @ 169 ppm: 73 Mlbs Etango – Bannerman Resources Lim
Slide 6: DYL's Namibian Portfolio
DYL’s Namibian Portfolio 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 7: Omahola: Flagship Project
Omahola: Flagship Project For personal use only Located in Namibia’s “Alaskite Alley” Alaskite alley Trend includes Rossing Uranium Mine (Rio Tinto) and the Husab Project (Formerly Extract Resources) Three Deposits to feed one plant: • Ongolo – high grade alaskite hosted uranium mineralisation • MS7
Slide 8: Omahola Project: Resource Base
Omahola Project: Resource Base For personal use only Ongolo & MS7 (250 ppm cut‐off) 25.8 Mt @ 416 ppm: 23.6 Mlbs EIA Commencing 2012 T i ll 2 Year Typically Y Process P INCA (250 ppm cut‐off) 12.4 Mt @ 492 ppm: 13.4 Mlbs E i Environmental t l Clearance Cl achieved hi d Mining Licence Application sub
Slide 9: Omahola Project: Status
Omahola Project: Status Interim PFS results on INCA/TRS Deposits (SNC‐Lavalin – Jan 2011) For personal use only • 2.2 Mlbs pa design capacity, assumed 12 year mine life • Open pit mining, conventional acid leach processing plant • Capex: ~US$330m and Opex: ~US$30/lb Obj ti finalise Objective: fi li
Slide 10: Omahola Project: Regional Understanding
Omahola Project: Regional Understanding For personal use only 10
Slide 11: Omahola Project: Exploration Success
Omahola Project: Exploration Success… For personal use only …the resource base continues to grow…
Slide 12: Tubas Sand Project: Location
Tubas Sand Project: Location For personal use only Tubas‐TRS Deposit showing area with known red sand
Slide 13: Tubas Sand Project: Overview
Tubas Sand Project: Overview For personal use only Deposit Characteristics: Well‐sorted windblown sand, low grade uranium Free flowing/weakly consolidated Large area along the Tubas palaeochannel B lk off uranium Bulk i in i sub b 20 µ fraction f i Uranium mineral almost exclusively carnotite At~150
Slide 14: Tubas Sand Project: Schauenburg
Tubas Sand Project: Schauenburg For personal use only Process: Hydrosort®‐ II Scrubbing Hydrosort®‐ I 3 X Hydrocyclones Successful Pilot Plant Test: Hydrocyclone Schematic Si l process Simple Uranium Recovery >80% Carbonate reduction >80% Mass pull between 10% ~ 20% Uranium upgrade factor 7.9 (at 10
Slide 15: Tubas Sand Project: Potential
Tubas Sand Project: Potential For personal use only Developp sand miningg operation p with Schauenburgg Plant Construct Resin‐In‐Leach Circuit on the INCA MLA Produce loaded resin for sale to existing producers Small columns transportable by truck S h Schauenburg b plants l t are modular, d l ~ 250
Slide 16: Tubas Sand Project: Bulk Sample
Tubas Sand Project: Bulk Sample For personal use only T Trench h for f Bulk B lk Sample S l S il Pile Spoil il
Slide 17: Tubas Sand Project: Separation Testwork
Tubas Sand Project: Separation Testwork For personal use only Pilot Plant Mineral Liberation
Slide 18: Tubas Sand Project: Leach Testwork
Tubas Sand Project: Leach Testwork For personal use only Successfully Loaded IX Resin @ pH 2.5
Slide 19: Corporate: Raptor earn-out terminated
Corporate: Raptor earn‐out terminated For personal use only Deep Yellow acquired its Namibian interests in October 2006 from Raptor Minerals Limited in a deal which included an earn‐out entitlement Earn‐out – 1.5% of Inground value of any project developed on EPLs, settled at decision to mine Heads
Slide 20: Summary - clearly defined strategy
Summary – clearly defined strategy For personal use only Two advanced stage uranium projects in one of the world’s most prominent uranium mining districts in Namibia • Omahola is only independent high grade Namibian uranium project • Omahola resource base growing steadily • Planned nameplate capacit
Slide 21: Contact Details
Contact Details For personal use only Greg Cochran Managing Director Deep Yellow D Y ll Limited Li it d 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.deep
Slide 22: Appendices
For personal use only Appendices
Slide 23: JORC Resource Summary - June 2012
JORC Resource Summary – June 2012 Cut-off Tonnes U3O8 U3O8 U3O8 For personal use only Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) 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 24: JORC Compliance Statements
JORC Compliance Statements Namibia For personal use only 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 Institute of Mining and Metallurgy. Dr Pretorius, Managin