Lotus Resources Limited · ASX:LOT

Lotus Resources — Investor Presentation (November 2022)

14 slides from Lotus Resources's investor presentation, Nov 28, 2022

  1. Slide 1: Kayelekera Investor Presentation

    For personal use only Kayelekera Investor Presentation Proven Uranium November 2022 Producer LOT:ASX OTCQB: LTSRF

  2. Slide 2: Important Notice

    For personal use only Important Notice FORWARD LOOKING STATEMENT Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking information, including

  3. Slide 3: Uranium Pricing – History repeating?

    For personal use only Uranium Pricing – History repeating? lotusresources.com.au | LOT:ASX LTSRF:OTCQB | 3

  4. Slide 4: What is driving the uranium market into the future

    For personal use only What is driving the uranium market into the future Multiple initiatives by major governments highlight the importance of nuclear “Green” Energy Largest global consumer Continues to grow • Energy crisis due to Russian gas dependence • US Inflation Reduction Act (US$400B) at a ra

  5. Slide 5: What is happening in the uranium market today?

    For personal use only What is happening in the uranium market today? The spot uranium price is remaining stubbornly in the range US$48 – US$53/lb Russia / Ukraine Sprott Utilities • Significant global conversion & • Purchased 41Mlbs since inception • Utilities focused initial attention on enrichment

  6. Slide 6: Brownfield assets have proven they are the first to react

    For personal use only Brownfield assets have proven they are the first to react Brownfield uranium assets offer significantly lower risk compared to new development projects • At the beginning of 2021, all 10 of the brownfield operations highlighted below had no firm re-start date - today only four

  7. Slide 7: Lotus Resources: Leverage for a higher uranium price environment

    For personal use only Lotus Resources Leverage for a higher uranium price environment Quick Re-Start Low Capex Improved Opex Robust Mine life 15 months from Final US$300m–Replacement3 C1 costs US$29.10/lb1 10 yrs 19.3Mlbs U3O8 Investment Decision US$88m – Re-Start AISC of US$36.20/lb1 2.4Mlbs U3O8 p

  8. Slide 8: Initial Capital Cost – one of the lowest in the industry

    For personal use only Initial Capital Cost – one of the lowest in the industry Capital Cost Estimates Item (US$M) Low initial capital cost Initial Capital • Existing infrastructure – replacement value today is ~US$300m Mining Contractor 0.60 • Also reduces the time from FID to production Plant Refur

  9. Slide 9: Driving operating costs lower through innovation

    For personal use only Driving operating costs lower through innovation Cash Costs are US$29.1/lb and AISC of US$36.2/lb during Despite the current high inflation environment, operating the first 7 years of production (excluding ramp-up) costs are lower compared to the historical operations and Re-St

  10. Slide 10: Striving to be a leader in the industry for ESG

    For personal use only Striving to be a leader in the industry for ESG “Lotus aspires to be a responsible uranium FY22 Sustainability Report released producer, building strong local communities, a • Updated materiality matrix safe and healthy work environment and making a • Global Reporting Initiativ

  11. Slide 11: What work is required to be completed prior to FID

    For personal use only What work is required to be completed prior to FID Prior to a Final Investment Decision (FID), the Company will continue to advance a number of key areas including: • Kayelekera Mine Development Agreement • Uranium offtake (term contracts) • Financing discussions • Agreement wi

  12. Slide 12: Position for a rapid re-start in a rising uranium market

    For personal use only Position for a rapid re-start in a rising uranium market Why is Lotus one of the best uranium investment opportunities today CAPITAL STRUCTURE A$300M US$200M Uranium ETF Leveraged to uranium price – MARKET CAP 6% Retail - USA At $0.22 / share low capex, quick restart 7% Retail

  13. Slide 13: Contact

    For personal use only CONTACT Keith Bowes Managing Director Level 20 140 St George Tce Perth, WA 6000 For further information visit: www.lotusresources.com.au

  14. Slide 14: Appendix - Brownfield Uranium Assets

    Appendix 1 - Brownfield Uranium Assets For personal use only Top 10 brownfield C&M assets1 that achieved commercial production Majority owned by state owned group No No No No No No No No No No Nicholas Ranch Smith Ranch Project Name Kayelekera Langer Heinrich Alta Mesa Project Rabbit Lake McArthur R

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