Deep Yellow Limited · ASX:DYL
Deep Yellow — Shareholder Meeting (November 2011)
36 slides from Deep Yellow's shareholder meeting presentation, Nov 17, 2011
Slide 1: Deep Yellow Limited Annual General Meeting
Deep Yellow For personal use only Limited Annual General Meeting Perth 17 November 2011 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer: Forward Looking Statements
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 Market Overview For personal use only Corporate Profile Year in Review Namibian Introduction Namibian Project Portfolio Key Projects • Omahola • TRS Option • Shiyela Iron Australia Summary and Conclusion Commence uranium production in Namibia by 2014/5 and continue to successfully
Slide 4: Nuclear & Uranium Market
Nuclear & Uranium Market NUCLEAR ELECTRICITY GENERATION For personal use only REACTORS - AS AT OCTOBER 2011 OPERATING UNDER CONSTRUCTION PLANNED PROPOSED URANIUM REQUIRED MWe net MWe gross MWe gross MWe gross 62,552 tU 432 368,467 63 63,934 152 171,325 350 399,655 162.6 Mlbs Despite Fukushima, deman
Slide 5: WNA Uranium Supply & Demand Balance
Nuclear & Uranium Market WNA Uranium Supply & Demand Balance For personal use only Source: WNA
Slide 6: Mines Under Development
Nuclear & Uranium Market Mines Under Development…. For personal use only Under Development Mlbs Four Mile 2013 3.0 Honeymoon 2012 0.9 Olympic Dam Expansion 2013 1.1 Cigar Lake 2013 18.0 Trekkopje 2015 7.8 Imouraren 2013 13.0 43.8 Planned Ranger 3 Deeps 2015 5.0 Husab 2015 14.8 19.8 Prospective Lake
Slide 7: Corporate Profile
Corporate Profile For personal use only The Board Capital Structure – as at 4 Nov2011 Mervyn Greene – Chairman Shares on Issue 1,128.51 M Greg Cochran – Managing Director Unlisted Options/Perf. Rights 12.68 M Martin Kavanagh – Executive Director Market Cap (@ 16.5c) 186.2 M Gillian Swaby – N.E.D Net
Slide 8: Year in Review
For personal use only Year in Review
Slide 9: Year in Review
For personal use only Year in Review
Slide 10: Year in Review
For personal use only Year in Review
Slide 11: Namibia – Introduction
Namibia – Introduction Marenica – Marenica Energy Limited For personal use only (100ppm cut-off) 196 Mt @ 169ppm: 73 Mlbs Trekkopje – Areva (100ppm cut-off) 335 Mt @ 149ppm: 110 Mlbs Valenica – Forsys Metals (67ppm cut-off) 176 Mt @ 156ppm: 61 Mlbs Rossing – Rossing Uranium Limited (100ppm cut-off)
Slide 12: Size is not the only criteria!
Size is not the only criteria! Deep Yellow’s Quality Criteria: For personal use only Grade: • ~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 ups
Slide 13: Namibian Tenements – Reptile Uranium
Namibian Tenements – Reptile Uranium* For personal use only 4,195 km2 exploration area: 107.4Mlbs in resources *Note: Exploration in Namibia is conducted by DYL’s wholly-owned subsidiary Reptile Uranium Namibia (RUN)
Slide 14: Namibian Project Portfolio
Namibian Project Portfolio ONGOLO & MS7 INCA URANIFEROUS TUBAS RED For personal use only OMAHOLA PROJECT ALASKITE MAGNETITE SAND (TRS) JORC resource: 20.3Mlbs JORC resource: 13.4Mlbs JORC resource: 4.9Mlbs Primary mineralisation Primary mineralisation Secondary mineralisation Open Pit Hardrock – Dri
Slide 15: Omahola Project - Location
Omahola Project - Location For personal use only Ongolo & MS7 Alaskite (250 & 300 ppm cut-off) 23 Mt @ 401ppm: 20.3 Mlbs INCA (250ppm cut-off) 15 Mt @ 407ppm: 13.4 Mlbs TRS (100ppm cut-off) 14 Mt @ 160ppm: 5.0 Mlbs Hard Rock JORC Resource: 38.1Mt at 404ppm for 33.7Mlbs U3O8
Slide 16: Omahola Project - Overview
Omahola Project - Overview Three Deposits feeding common plant: For personal use only • Ongolo – High-grade alaskite hosted uranium mineralisation • INCA – Unique high grade uranium, magnetite and pyrite mineralisation • Tubas Red Sand – Low grade surficial sands upgraded by physical beneficiation t
Slide 17: Omahola Project – Exploration Success
Omahola Project – Exploration Success… For personal use only …is growing our resource base rapidly…
Slide 18: TRS Deposit – Technical Innovation
TRS Deposit – Technical Innovation Action For personal use only TRS M ,I & I JORC Resource 14 Mt@160ppm for 5.0 Mlbs U3O8 TRS Deposit Showing Tubas Palaeochannel with known red sand
Slide 19: TRS Deposit – Technical Innovation
TRS Deposit – Technical Innovation For personal use only Tubas Red Sand Deposit Characteristics: Well-sorted wind-blown sand, low grade uranium Free flowing/loosely consolidated Large area south of the Tubas palaeochannel Bulk of uranium in -20µm fraction Objective: Concentrate maximum uranium in mi
Slide 20: TRS Deposit – Technical Innovation
TRS Deposit – Technical Innovation For personal use only Trench for Bulk Sample Carnotite in Red Sand
Slide 21: TRS Deposit – Technical Innovation
TRS Deposit – Technical Innovation For personal use only Schauenburg Pilot Plant in Operation
Slide 22: TRS Deposit – Technical Innovation
TRS Deposit – Technical Innovation For personal use only Successful Schauenburg Pilot Plant Test: Pilot Plant Schematic Simple, non-chemical process Recovery >80% in <20% volume Carbonate reduction >80% Mass pull between 10% ~ 20% Uranium upgrade factor 7.9 (at 10%) Process guarantee offered Resourc
Slide 23: TRS Project – Timeline
TRS Project – Timeline For personal use only Aggressive timetable to production….
Slide 24: Shiyela Iron Project - Location
Shiyela Iron Project - Location For personal use only Clear Infrastructure advantage – power and 45 kilometres by road from Walvis Bayport
Slide 25: Shiyela Iron Project - Overview
Shiyela Iron Project - Overview For personal use only Infrastructure Low strip ratio Likely Low Capex Fast Track development Exploration upside Outstanding coarse product • 150 μ Blast Furnace Grade Deposit Fe % SiO2 % Al2O3 % P% S% LOI % M62 70.22 0.74 0.89 0.007 0.011 -3.07 M63 69.56 0.64 0.73 0.0
Slide 26: Shiyela Iron Project – Results
Shiyela Iron Project – Results Initial programme designed to drill out: For personal use only • 120 to 150Mt of ore at 20% recovery • ~30Mt high-grade magnetite • ~15 year mine life at 2Mtpa Drilling completed April 2011 Golder Associates (Perth) JORC estimate imminent ProMet (Perth) – Scoping Study
Slide 27: Shiyela Iron Project – Timeline
Shiyela Iron Project – Timeline For personal use only On a Fast Track….
Slide 28: 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 29: 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 30: Summary and Conclusion
Summary and Conclusion Ongolo & MS7 JORC Resource delivered For personal use only Successful TRS Beneficiation Trial INCA & TRS EIA’s completed & submitted Shiyela EIA completed & submitted TRS Deposit upgrade underway for standalone project Mining Licence applications for TRS/INCA submitted Mining
Slide 31: 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
Slide 32: Appendices
For personal use only Appendices
Slide 33: JORC Resource Summary – Namibia (11/11)
JORC Resource Summary – Namibia (11/11) For personal use only Notes: Figures have been rounded and totals may reflect small rounding errors. XRF chemical analysis unless annotated otherwise. eU3O8 - equivalent uranium grade as determined by downhole gamma logging. # Combined XRF Fusion Chemical As
Slide 34: JORC Resource Summary – Aus (11/11)
JORC Resource Summary – Aus (11/11) For personal use only Notes: Figures have been rounded and totals may reflect small rounding errors. XRF chemical analysis unless annotated otherwise. eU3O8 - equivalent uranium grade as determined by downhole gamma logging. # Combined XRF Fusion Chemical Assays
Slide 35: 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
Slide 36: JORC Compliance Statements
JORC Compliance Statements For personal use only COMPETENT PERSON STATEMENTS Queensland The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Martin Kavanagh, a Fellow of The Australasian Institute of Mining and M