Us1 Critical Minerals Limited · ASX:USC
Us1 Critical Minerals — Gladiator Resources — Investor Presentation (February 2024)
23 slides from Us1 Critical Minerals's investor presentation, February 2024
Slide 1: Corporate Presentation February 2024
C O R P O R AT E P R E S E N TAT I O N FEBRUARY 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued Gladiator Resources Limited (the “Company") to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It does not co
Slide 3: Gladiator Board of Directors
Gladiator Board of Directors CORPORATE PRESENTATION Greg Johnson [ AUSTRALIA ] NON-EXECUTIVE CHAIRMAN Matthew Boysen Peter Tsegas Rod Chittenden Andrew Pedley [ AUSTRALIA ] [ TANZANIA ] [ AUSTRALIA ] [ SOUTH AFRICA ] NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE
Slide 4: Gladiator's Uranium Projects
Gladiator’s Uranium Projects CORPORATE PRESENTATION • Uranium focus • 1814 km2 under license • Largest holding in the highly prospective ‘Karoo’ of southern Tanzania • Mkuju is in same basin as nearby Uranium One’s 125 Mlb (U3O8) Nyota deposit1 • Team in country – recent ground based radiometric sur
Slide 5: Uranium is the Future – and many countries are realizing this
Uranium is the Future – and many countries are realizing this 60 New nuclear plants under construction CORPORATE PRESENTATION in 15 countries Spot Uranium price USD/lb Uranium gaining strength up >400% 400% since 2018 and steadily rising. ASX:GLA 5
Slide 6: Mkuju Project Geology
Mkuju Project Geology • Flat-to-shallow dipping sandstones and shales of the Karoo Supergroup • Mineralization is sandstone hosted (which Nyota Deposit accounts for >30% of global uranium production)*1 125Mlb U3O8*3 CORPORATE PRESENTATION • Gladiator is targeting In-Situ Recovery (ISR) as preferred
Slide 7: Mkuju Project – at the heart of Tanzania's uranium province
Mkuju Project – at the heart of Tanzania’s uranium province • 725km2 area 20km south of Uranium One’s Nyota deposit. • Sediments of the lower Karoo. These rocks host southern Africa’s important uranium deposits: CORPORATE PRESENTATION Kyelekera (46.3Mlbs U3O8 owned by Lotus Resources), Letlhakane (1
Slide 8: SWC Target - Focus of recent fieldwork and planned 2024 drilling
SWC Target - Focus of recent fieldwork and planned 2024 drilling Completed in 2023: 2008 Shallow auger drilling at SWC: o High resolution ground radiometric survey o Trenching at sites of some of the 2008 auger holes North anomaly North Limb and South Limb zones have >3 km surface strike extent yet
Slide 9: SWC Target – trench assay results up to 7139 ppm U3O8
SWC Target – trench assay results up to 7139 ppm U3O8 o The trench assay results received Dec/Jan 2023/24, confirm high-grade uranium in sandstone: 1000’s ppm U3O8 in places*1 o Supports the 2008 auger hole results and suggest layers up to at least 6 m thick o Trench 4 was the only trench at the 2km
Slide 10: SWC Target – drill ready
SWC Target – drill ready Cross-section showing the interpretation and proposed drilling (line of section on CORPORATE PRESENTATION previous page). Next Steps • Drilling Q2 2024 to test the down-dip extension of the uranium mineralised layers ASX:GLA Uranium minerals (yellow material) in excavated ma
Slide 11: Mtonya deposit
Mtonya deposit Map showing airborne radiometric data for Mtonya-SWC trend and insert detailing ‘open’ areas of Mtonya CORPORATE PRESENTATION • Mtonya deposit 2013 estimate: 2.7 Mt with an average grade of 293 ppm U3O8 containing 1.9 M lbs of U3O8 • Considered a ‘foreign estimate’ under JORC. • Some
Slide 12: Mtonya Target
Mtonya Target • Example of a cross-section where an excellent 2013 drillhole interval (8.5m @ 515ppm U3O8 from 155.9m depth) is open laterally CORPORATE PRESENTATION • Access roads being prepared now in readiness to drill ‘step-out’ holes in early 2024. • Other holes that need ‘step-out’ testing are
Slide 13: Likuyu North Deposit
Example uranium mineralised interval from Likuyu North (U3O8ppm) Likuyu North Deposit • JORC MRE of 7.7 Mt with an average grade of 267ppm U3O8 containing 4.6 Mlbs U3O8, within a ‘pit-shell’. CORPORATE PRESENTATION • Up to 8 extensive ‘stacked’ layers, gently dipping, hosted by porous coarse-grained
Slide 14: Likuyu North - Opportunity to Expand
Likuyu North - Opportunity to Expand • Aircore holes were limited to 150 m depth and insufficient cored holes deeper than this. CORPORATE PRESENTATION • Additional drilling at the 'SW Gap' and 'Central Gap'. Drill hole MKRC0013 reported 9 m @133ppm from surface. • Target possible NE-SW oriented high
Slide 15: Likuyu North - Opportunity to Expand
Likuyu North - Opportunity to Expand CORPORATE PRESENTATION High grade uranium layer • Example of opportunity at Likuyu North - previous drilling too shallow in places • If ISR depth is not an issue, resource expansion ASX:GLA Cross-section through part of Likuyu N deposit with ‘Central Gap’ area: n
Slide 16: Likuyu North - Opportunity to Expand
Likuyu North - Opportunity to Expand Nyota Deposit 125Mlb U3O8 Airborne magnetic Airborne data formagnetic Likuyu Ndata CORPORATE PRESENTATION Likuyu North deposit ? ? • The Nyota-Likuyu Fault controls the Likuyu North and Nyota deposits ASX:GLA • Magnetic data shows it clearly on GLA’s permit and o
Slide 17: Minjingu Project – Surficial Uranium
Minjingu Project – Surficial Uranium CORPORATE PRESENTATION • Samples from 2022 pits 167 and 173 which contain 202ppm and 269ppm U3O8*, in soft lake sediments <3m depth • These pits are at the northern end of the pitting grid, mineralisation ‘open’ to north • Gladiator is planning a program of auger
Slide 18: Mineral Resource Estimates for Mkuju Project
Mineral Resource Estimates for Mkuju Project JORC MRE for the Likuyu North Deposit Grade Contained • Effective date 27 April 2022 100 pm U3O8 cut off Tonnes (millions) U3O8 ppm U3O8 Mlbs • Note that these are not in addition to each other, the 200 ppm cut-off MRE is a portion of the 100 ppm cut- Ind
Slide 19: 2024 plan
2024 plan • Initial ~4000 m of core drilling at SWC, Mtonya and Likuyu North • Ground magnetic survey at Likuyu North • ISR studies and test-work • Drilling to follow-up on the best results • Aim is to expand existing and potentially a maiden Mineral Resource Estimate for SWC CORPORATE PRESENTATION
Slide 20: Investment Summary
Investment Summary Numerous new targets with high-grade An ASX-listed uranium focused uranium at surface and ‘right geology’ explorer. CORPORATE PRESENTATION Existing uranium deposits with clear Programs underway, advancing the projects U opportunity to expand and make new and generating news-flow.
Slide 21: Appendix - Board of Directors
Appendix - Board of Directors Greg Johnson – Non-Executive Chairman With more than 25 years of experience in the fund’s management industry, Greg has held senior Capital Raising and client relationship roles at CORPORATE PRESENTATION Macquarie, Perpetual, and Dimensional, and has led Client Services
Slide 22: Appendix - Board of Directors
Appendix - Board of Directors Matthew Boysen – Non-Executive Director Matthew is a self-made sophisticated investor, owning and operating a highly successful retail business that has and continues to experience exponential growth on an annual basis. He has substantial marketing and communication exp
Slide 23: Thank You
THANK YOU Suite 1, Level 1, 1 Castlereagh St, Sydney NSW 2000 www.gladiatorresources.net Email: greg@gladiatorresources.net
Gladiator Resources — Investor Presentation (February 2024) on 6ix