Deep Yellow Limited · ASX:DYL
Deep Yellow — RIU Resurgence Conference 2023
23 slides from Deep Yellow's conference presentation, Nov 22, 2023
Slide 1: Building a Global Uranium Company: The Benefits of Strong Positioning
Building a Global Uranium Company The Benefits of Strong Positioning RIU Resurgence Conference 22-23 November 2023 - Perth John Borshoff - MD/CEO 22 November 2023 DYL: ASX / NSX (Namibia) DYLLF: OCTQX www.deepyellow.com.au
Slide 2: Best Positioned Uranium Mid-Cap Company Globally
Best Positioned Uranium Mid-Cap Company Globally Deep Yellow has global diversity, which is seen as a necessity by off-takers – located in two Tier-1 mining jurisdictions Significant production capability - once in production, Deep Yellow will be the largest pure-play uranium producer on the ASX - p
Slide 3: Disclaimer
Disclaimer Past performance and readers should not place undue reliance on such forward-looking information. The Company disclaim any intent or obligations to finalise, check, update or revise any forward-looking statements whether as a result of new This presentation has been prepared by Deep Yello
Slide 4: Uranium is Critical for a Clean Energy Future
01 Uranium is Critical for a Clean Energy Future www.deepyellow.com.au
Slide 5: Nuclear Essential - Net zero nuclear initiative to triple nuclear by 2050
Nuclear Essential - Net zero nuclear initiative to triple nuclear by 2050 Nuclear becoming the clear winner. Uranium supply industry is well-placed for significant growth and value uplift in the global energy transition Most major economies in full alignment demanding more nuclear. This hasn’t happe
Slide 6: Strong Global Nuclear Power Reactor Growth
Strong Global Nuclear Power Reactor Growth Status August 20231 Nuclear Reactors Proposed Reactors Globally China (154); India (28); Russia (21); US (18); UK (10); US (94); France (56); China (55) Japan (8); France (6); Korea 321 436 Russia (37); Japan (33); India (6); Other (70) (22); Korea (25);Can
Slide 7: Demand - Governments Pivoting Increasingly Towards Nuclear
Demand - Governments Pivoting Increasingly Towards Nuclear Increasing global concern for Energy ● Sweden changes policy from “100% renewable electricity production” Security to “100% Fossil Free” . Announces new reactor builds ● Belgium reverses decision to shut down reactors in 2025, now extends In
Slide 8: WNA September 2023 Market Study – Supply Under Pressure
WNA September 2023 Market Study – Supply Under Pressure Exposes huge challenges to meet new demand even with a major uranium price increase ● Large, long-life operations have ceased production Degradation of uranium supply ● No new production without significant uranium price incentivisation industr
Slide 9: Nuclear Fuel Cycle Under Severe Pressure
• Increasing demand for Nuclear Fuel Cycle Under Severe Pressure conversion and enrichment services causing Fabrication extraordinary price increases o SWU trading at a • Inevitable pricing pressure will 10 year high – move uranium price, as high US$134/SWU demand works down through fuel cycle (see
Slide 10: Deep Yellow Positioned for Growth and Value
02 Deep Yellow Positioned for Growth and Value www.deepyellow.com.au
Slide 11: Globally Diversified with Two Advanced, Long-Life Projects
Globally Diversified with Two Advanced, Long-Life Projects • Project portfolio provides diversity by asset, stage of Advanced-stage development and geographic location Early-stage to continue organic pipeline • Largest uranium resource base of any Omahola Alligator River ASX-listed company Namibia N
Slide 12: Capital Structure – ASX Company - Performance FY23/early FY24
Capital Structure – ASX 300 Company - Performance FY23/early FY24 1.60 FY23 80 1.40 Market Cap Range A$450M - A$1.06B 70 1.20 60 1.00 50 A$/Share1 0.80 40 0.60 30 0.40 20 Merger Completion August 2022 0.20 Tumas DFS Completion 10 Feb 2023 Share Price U3O8 Price 0 0 25-Oct-20 25-Apr-21 25-Oct-21 25-A
Slide 13: Diversified Project Pipeline
03 Diversified Project Pipeline www.deepyellow.com.au
Slide 14: Tumas Project, Namibia - Overview
Tumas Project, Namibia - Overview ● Uranium and mining friendly jurisdiction Page 1 of 2 ● Ore Reserves of 67.3Mlb increased by 120% in CY2021 • 22.5-year LOM achieved ● DFS completed January 2023 ● EIA submitted April 2023. Grant of Mining Licence expected early Q4/CY2023 ● Further 10+ years to LOM
Slide 15: Tumas Project Analysis (US$)
Tumas Project Analysis (US$) Key Commentary Project Financials (Ungeared): Real Unit 65/lb 77/lb1 85/lb Project operating life Years 22 22 22 Head grade is 340ppm U3O8 Produced U3O8 (av) Mlb 64 64 64 Gross revenue: total $M 4,272 5,166 5,548 Annual production Operating margin (EBITDA) $M 1,790 2
Slide 16: Mulga Rock Project – 100% DYL
Mulga Rock Project – 100% DYL ● Located in the Tier-1 mining jurisdiction of Page 1 of 2 Western Australia with granted Mining Lease ● Globally significant Mineral Resource of 71.2Mt @ 570ppm for 90.1Mlb U3O8, positioning Mulga Rock as one of the largest undeveloped uranium projects in Australia ● O
Slide 17: Mulga Rock Project FY23 Activities
Mulga Rock Project FY23 Activities ● Geo-metallurgical samples drilling program Page 1 of 2 Princess ● Undertaking test work to quantify full in-ground value of expanded uranium resource, critical minerals (Cu, Ni, Co, Zn) and rare earth elements (notably Nd/Tb/Dy/Pr) - expected completion early 202
Slide 18: Exceptional Exploration Upside
Exceptional Exploration Upside ALLIGATOR RIVER PROJECT, NORTHERN TERRITORY - 100% OMAHOLA BASEMENT PROJECT, NAMIBIA - 100% Page 1 of 2 ● Located in the world-class uranium province of Alligator ● Measured, Indicated and Inferred Resource base of 125Mlb River, which hosts some of the highest-grade ur
Slide 19: Looking Ahead - A Differentiated Company
04 Looking Ahead - A Differentiated Company www.deepyellow.com.au
Slide 20: Two Substantial, Advanced Uranium Projects to Produce +7Mlb
Two Substantial, Advanced Uranium Projects to Produce +7Mlb Page 1 of 2 Initial Investment Production Mulga Rock Project Tumas Project 1 2028 3.5 3.5 2026 2.0 3.0 3.6 3.6 3.6 1.5 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Tumas − 22.25YR LOM Mul
Slide 21: Key Workstreams – Strong News Flow
Key Workstreams – Strong News Flow Page 1 of 2 TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER M&A • Q4 2023 – DFS repricing and • Q3 2023 – 656 air core drill • Q2 2023 - New resource • Ongoing - Continued focus further focused test work program completed for estimate for Angularli Deposit on accretive co
Slide 22: Best Positioned Pure-Play Uranium Investment
Best Positioned Pure-Play Uranium Investment Page 1 of 2 Deep Yellow is successfully establishing the right platform at the right time Uranium market backdrop creates exceptional opportunities in the post- Fukushima supply reconstruction era and taking advantage of a bifurcated market Growth initiat
Slide 23: Thank You
Thank You For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited