Delta Lithium Limited · ASX:DLI
Delta Lithium — Investor Presentation (May 2020)
13 slides from Delta Lithium's investor presentation, May 26, 2020
Slide 1: Setting Up for Long-Term Success in the US Uranium Industry
SETTING UP FOR LONG-TERM SUCCESS IN THE US URANIUM INDUSTRY EAST CANYON URANIUM-VANADIUM PROJECT, UTAH, USA I N V E S T O R P R E S E N TAT I O N | M AY 2 0 2 0 | ASX:TIN | 1
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer that is capable of acceptance nor is it a disclosure document under the Corporations Act. This presentation is intended for recipients collectively and does not take into account the investment objectives, financial situations and particular
Slide 3: An Outstanding Investment Opportunity
AN OUTSTANDING INVESTMENT OPPORTUNITY 100% ownership of highly strategic and prospective landholding in historically significant uranium and vanadium-producing district Project claims include old workings and mines with visible high grade mineralisation US government policy shifting strongly to supp
Slide 4: Corporate Structure
CORPORATE STRUCTURE ASX CODE TIN HIGHLY EXPERIENCED BOARD* BRET T MITCHELL • Corporate finance executive with over 25 years of experience in finance & capital CURRENT SHARE PRICE 17.5c EXECUTIVE markets, specialising in project generation, financing of early stage resources and DIRECTOR technology c
Slide 5: East Canyon Uranium Project Overview
EAST CANYON URANIUM PROJECT OVERVIEW 200 contiguous claims covering 4000 acres (~16km2) within the extended Uravan Mineral Belt Long history of uranium/vanadium mining in the region dating back more than 100 years Historic production from Uravan Belt area in excess of 85mlbs (>40,000t) of uranium an
Slide 6: Proven Prospectivity
PROVEN PROSPECTIVITY Salt Wash Member of the Morrison Formation (which hosts uranium/vanadium deposits in the region) outcrops throughout the claims Estimated Salt Wash thickness 10-30m Multiple old workings remain open and accessible and contain visible mineralisation Recent fieldwork assays confir
Slide 7: Recent Fieldwork Success
RECENT FIELDWORK SUCCESS Samples collected from underground ribs/faces and ore dumps over 2018-2019 High grade assays returned of up to 0.47% U3O8 (4,700 ppm) and 9% V2O5* Abundant visible uranium-vanadium mineralised seams and zones observed in workings SELECT HIGH-GRADE ROCK CHIP SAMPLES SAMPLE U3
Slide 8: Forward Program – Next Six Months
FORWARD PROGRAM – NEXT SIX MONTHS Compile and review available data Undertake further mapping and geochemical sampling of exposed mineralisation and underground workings Bulk sample and metallurgical testwork Downhole logging of historical drill holes Undertake initial shallow drilling to test miner
Slide 9: White Mesa Mill
WHITE MESA MILL White Mesa Mill within trucking distance of East Canyon (50km) via major highway Only conventional, fully licensed and operational uranium mill in the USA Historically largest producer of uranium in the US and major producer of high purity vanadium Owned by Energy Fuels Inc (TSE:EFR)
Slide 10: Supportive US Government
SUPPORTIVE US GOVERNMENT Uranium and vanadium both on US Government’s Critical Minerals List US imports 98% of its annual domestic uranium demand Nuclear Fuel Working Group (NFWG) established in 2019 to advise on returning the US to nuclear leadership and reducing reliance on China/Russia/Kazakhstan
Slide 11: Why Invest in TNT Mines?
WHY INVEST IN TNT MINES? Modest enterprise value and tight structure = highly leveraged to exploration success and uranium price upside Visible high grade mineralisation throughout claims reduces exploration risk Historical production on project, in district Simple, cheap follow-up exploration and m
Slide 12: Competent Persons Statement
COMPETENT PERSONS STATEMENT For information referring to the exploration results in this document, refer to announcements dated 11/5/2020. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements an
Slide 13: 1202 Hay Street West Perth WA 6005
1202 HAY STREET WEST PERTH WA 6005 PH: +61 8 6319 1900 E: frontdesk@tntmines.com.au TNT Mines | Investor Presentation | 13