Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Peninsula Minerals — Investor Presentation (April 2010)
52 slides from Peninsula Energy's investor presentation, Apr 30, 2010
Slide 1: Company Presentation including commencement of mine planning stage
For personal use only 30 April 2010 Companies Announcement Office Via Electronic Lodgement COMPANY PRESENTATION INCLUDING INFORMATION REGARDING COMMENCEMENT OF THE MINE PLANNING STAGE Please find attached a copy of the presentation that will be made by Peninsula Minerals Limited’s Executive Chairman
Slide 2: Developing Uranium Projects on Three Continents
For personal use only Developing p g Uranium Projects on Three Continents
Slide 3: Disclaimer
For personal use only This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, accuracy reliability, reliability relevance or completeness of the material contained in the Presentation and nothing contained in the
Slide 4: Competent Person
Competent Person For personal use only The information in this presentation that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Alf Gillman. Mr Gillman is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Gillman is General M
Slide 5: Corporate
Corporate For personal use only Shares on issue 1,628,127,825 ASX:PEN Share price $0.042 Market capitalisation $68,381,369 Cash balance (Post $10m Raising) $14,000,000 Debt $0 Enterprise value $54,381,369 Equity Facility $50,000,000 Major shareholders Options on issue Number Strike Expiry Listed opt
Slide 6: Directors and Management
Directors and Management For personal use only Board of Directors Executive Chairman Gus Simpson Strong leadership, corporate and project management skills Technical Director Dr. Alan Marlow PhD in economic geology and uranium specialist Non Executive Director Malcolm James Strong corporate and proj
Slide 7: Projects Summary
Projects Summary 5 For personal use only 15mlbs JORC Compliant Resource U3O8 60 – 95m lbs U3O8 Potential 120 km k 2 land l d hholding ldi 13 project areas with drill-defined mineralisation Average project grades up to 1,250ppm eU3O8 618 km2 Land holding 7 project areas Exploration potential in quali
Slide 8: Business Plan
Business Plan For personal use only ISR production d ti commences att Ross, R Wyoming W i ini 2012 building to 1.5mlbs U3O8 p.a. Conventional mining increasing production to 4.5mlbs U3O8 p p.a. from the Karoo byy 2016 / 2017 Continue to develop the mineral potential at: Wyoming 60-95mlbs U3O8 up to
Slide 9: Key Milestones - Wyoming
Key Milestones - Wyoming For personal use only April 2010: initial JORC compliant resource at Lance M 2010: May 2010 pre-feasibility f ibili study d completed l d Dec 2010: 15mlbs+ JORC compliant p indicated resource Dec 2010: submit final licence application Jan 2011: full feasibility study complet
Slide 10: Key Milestones - Karoo
Key Milestones - Karoo For personal use only June 2010: commence resource development drilling program Dec 2011: initial JORC compliant resource Sept 2012: JORC compliant resource of ~30mlbs June 2013: complete feasibility study Jan 2017: commencement of production
Slide 11: Uranium Supply / Demand
Uranium Supply / Demand For personal use only Operating Reactors Under Reactors Reactors Tonnes Uranium COUNTRY Reactors Construction Planned Proposed Required April April April April April April April April % April April % 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 China 11 11 11 21 26 36 77
Slide 12: Uranium Supply / Demand
Uranium Supply / Demand For personal use only
Slide 13: Uranium Supply / Demand
Uranium Supply / Demand For personal use only
Slide 14: Uranium Supply / Demand
Uranium Supply / Demand For personal use only
Slide 15: Uranium Supply / Demand
Uranium Supply / Demand For personal use only
Slide 16: USA Uranium Market
For personal use only USA Uranium Market
Slide 17: Uranium Supply / Demand
Uranium Supply / Demand For personal use only
Slide 18: Worldwide ISR Mining Jurisdiction
Worldwide ISR Mining Jurisdiction For personal use only
Slide 19: ISR - Geology
ISR - Geology Roll Front Formation ISR criteria For personal use only 1. Containment – deposits must be located between two impermeable layers of clay or shale 2. Permeability - rock or sand must be porous and allow lixivant (the oxygen and bicarbonate solution) to flow through the deposit – good ho
Slide 20: In Situ Recovery - Process
In Situ Recovery - Process For personal use only Groundwater is combined with oxygen and bi b t andd iis circulated bicarbonate i l t d th throughh th the ddepositit via i injection and recovery wells The oxygen enriched water moves through the aquifer and dissolves the in situ uranium The uranium e
Slide 21: Wyoming Uranium Projects
Wyoming Uranium Projects For personal use only
Slide 22: Lance Project – JORC Resource Estimate
Lance Project – JORC Resource Estimate For personal use only Grade Resource Tonnes Ore eU3O8 kg eU3O8 lbs (ppm Classification C ass cat o ((M)) ((M)) ((M)) eU3O8) U3O8) Indicated 3.6 1.8 4.0 510 Inferred 10.0 5 11.1 507 Total 13 6 13.6 68 6.8 15 1 15.1 507 Mlbs Grade Area Category eU3O8 eU3O8 Ross P
Slide 23: Ross-Barber – Project Schedule
Ross-Barber – Project Schedule For personal use only 2009 2010 2011 2012 Permitting Resource Definition Scoping study/ PFS/BFS Construction Commissioningg Production Expanded Resource Drilling
Slide 24: Lance Projects – Development Model
Lance Projects – Development Model 15mlb U3O8 JORC compliant resource For personal use only Grade Resource Tonnes eU3O8 kg eU3O8 lbs (ppm Classification Ore (M) (M) (M) eU3O8) Indicated 3.6 1.8 4.0 510 Inferred 10.0 5.0 11.1 507 Total 13 6 13.6 68 6.8 15 1 15.1 507 To build a 1.5mlb per year ISR ope
Slide 25: Lance Projects – Process Design Schematic
Lance Projects – Process Design Schematic For personal use only
Slide 26: Lance Projects – Process Design Schematic
Lance Projects – Process Design Schematic For personal use only
Slide 27: Lance Projects – Process Design Schematic
Lance Projects – Process Design Schematic For personal use only
Slide 28: Lance Projects – Process Design Schematic
Lance Projects – Process Design Schematic For personal use only
Slide 29: Lance Projects – Scoping Study
Lance Projects –Scoping Study For personal use only US$ per lb US$ / Year ISR mining with centralised Revenue $72 $108 million plant Capex amortisation $2.4 $ $7.8 $ million Uranium grade 500 - 650ppm Financing cost $0.9 $2.0 million U3O8 Operating cost $13.7 $26.7 million Estimated recovery 70% R l
Slide 30: Lance Project - Feasibility Study
Lance Project - Feasibility Study For personal use only Colorado based global mining engineering consultants L t k Inc Lyntek I (Lyntek) (L t k) Complete p the project p j parameters p for the PFS in Mayy 2010; The BFS is anticipated to be completed by January 2011, ahead of schedule; Lyntek has del
Slide 31: Lance Project - Metallurgical Test Results
Lance Project - Metallurgical Test Results For personal use only The agitation leach testing shows Ross uranium leaches very well at low concentrations of bicarbonate and oxidant in the lixivant. lixivant An average of all samples resulted in better than 80% leaching of uranium Sample p C10020453, w
Slide 32: Lance Projects - Hydrological Test Results
Lance Projects - Hydrological Test Results For personal use only Testing of drill core displays high permeability and porosity Results confirm the applicability of the ISR mining method Permeability averaging 2,400 milli-darcies (mD) Porosity averaging 42% The targeted aquifer is exempt and test wor
Slide 33: Lance Projects – Process Design Schematic
Lance Projects – Process Design Schematic For personal use only Centralised Plant IX Plant Mi i Mining c/o Lyntek, Inc. Lakewood, CO, USA
Slide 34: Lance Project - Mine Permitting - Aquifer Confinement
Lance Project - Mine Permitting - Aquifer Confinement For personal use only base of upper pp confining layer 80ft top of Basal Shale above lower confining layer Basal Shale >2,000ft thick
Slide 35: Lance Projects - Mine Permitting Process
Lance Projects - Mine Permitting Process The mine permitting process at Lance is advancing according to schedule : For personal use only Nuclear Regulatory Commission (NRC), Wyoming Department of Environmental Quality (WDEQ), Environmental Protection Agency g y ((EPA)) and Bureau of Land Management
Slide 36: Lance Project – Mine Planning
Lance Project – Mine Planning For personal use only transition from polygonal methodology to GT-based mine planning has commenced potential to increase overall poundage at operating GT cut offs
Slide 37: Comparison of Powder River Projects
Comparison p of Powder River Projects j For personal use only Trek, Inc. 7/25/08 Trek, Inc. 9/28/09 Lyntek, Inc. 4/2/08 Lyntek, Inc. 1/23/10 Uranerz Bayswater UR Energy Peninsula Minerals Item Nichols Ranch Reno Creek Lost Creek Lance Projects Project Details Nichols Ranch Reno Creek Lost Creek Lanc
Slide 38: Lance Project – Mineralised Potential
Lance Project – Mineralised Potential For personal use only Tonnes Grade eU3O8 Exploration Areas (M) (ppm eU3O8) (Mlbs) Range From To From To From To Total 41.7 67.8 500 542 46 81 13 projects with drill-defined uranium mineralisation 22 roll fronts extend for a combined linear strike length of 190 m
Slide 39: Ross Project - Roll Front Characteristics
Ross Project - Roll Front Characteristics For personal use only Two stacked mineralised horizons Sinuous roll front geometry producing d i a highhi h ratio ti off U3O8 per km of strike Depths of mineralisation 500 - 600ft (150-180m) ideal for ISR
Slide 40: Ross Project - Ore Zone Grade-Continuity
Ross Project - Ore Zone Grade-Continuity For personal use only >1,000ppm U3O8
Slide 41: Barber Project - Roll Front Characteristics
Barber Project - Roll Front Characteristics For personal use only Multiple stacked mineralised horizons Sinuous roll front geometry producing for high ratio of U3O8 per km of strike D th off mineralisation Depths i li ti 300 - 600ft (100 -180m) ideal id l for f ISR
Slide 42: Karoo Projects - South Africa
Karoo Projects - South Africa For personal use only 6 project areas covering 1,986 km2 in the Karoo basin Drill defined mineralisation at 3 of the 6 sites with average grades d off 700 -1,400ppm 1 400 U3O8 1,300 drill holes U and associated Mo mineralisation has been identified Airborne Radiometric
Slide 43: Karoo – Land Holdings
Karoo – Land Holdings For personal use only
Slide 44: Karoo – Regional Geology
Karoo – Regional Geology For personal use only Poortjie Teekloof Member Formation Moordenaars/ Loxton Members Abrahamskraal Davidskolk Formation Member Stratigraphic Column
Slide 45: Site - Overview
Site 45 - Overview For personal use only radiometric anomaly 4.8mlb drill-defined U3O8 mineralisation @ 706 ppm pp 340 km2 prospective Davidskolk Formation 400 holes drilled by JCI mineralisation amenable to open-pit mining numerous un-tested uranium occurrences results from hand sampling programme
Slide 46: Site - Overview
Site 22 - Overview For personal use only radiometric anomaly 2.8mlbs drill-defined U3O8 mineralisation GT--7 GT @ 1,480 ppm 718 percussion holes drilled byy JCI 120 km2 of prospective Poortjie Sandstone mineralisation amenable to open-pit mining numerous un-tested uranium occurrences aerially extens
Slide 47: Site - Overview
Site 29 - Overview For personal use only 0.6mlb drill-defined U3O8 mineralisation @ 11,107 107 ppm 108km2 of prospective Poortjie Sandstone 176 holes drilled by Union Carbide drill-defined radiometric anomaly mineralisation amenable to open-pit mining numerous un-tested uranium occurrences aerially
Slide 48: Karoo Projects – Development Model
Karoo Projects – Development Model For personal use only 2008 radiometric and magnetic survey over all six sites generated 392 uranium occurrences 2008 radiometric occurrences, the underlying geology and topography interpreted to identifying areas of high uranium values and large aerial extent of ur
Slide 49: Karoo Projects – Development Schedule
Karoo Projects – Development Schedule For personal use only 2010 2011 2012 2013 2014 2015 2016 2017 Site 22 & Site Sit Sit 29 Resource Definition (JORC conversion) Conceptual Study Internal Ext Scoping study Ext. /PFS/BFS Construction Commissioning Production Expanded Resource Ongoing Drilling
Slide 50: Karoo Projects – Process Schematic
Karoo Projects – Process Schematic For personal use only
Slide 51: Karoo Projects – Conceptual Study
Karoo Projects – Conceptual Study For personal use only US$ per lb US$ / Year Assume 30mlb U3O8 and 3mlb Revenue $72 $191 million p.a. production Capex Amortisation $3.4 $ $11.6 $ million O Open-pit it mining i i withith Financing cost $1.0 $3.3 million conventional milling Operating Costs $28.5 $76
Slide 52: Peninsula
Peninsula For personal use only Emerging uranium producer with established production pipeline 15mlb JORC Compliant Resource and Potential to exploit 140 - 220mlbs U3O8 between Wyoming and Karoo Production of 1.5mlbs U3O8 p.a. commencing 2012 from Wyoming and increasing to 4.5mlbs 4 5mlbs U3O8 p.a.
Peninsula Minerals — Investor Presentation (April 2010) on 6ix