Berkeley Energia Limited · ASX:BKY
Berkeley Energia — Berkeley Resources — Investor Presentation (March 2012)
42 slides from Berkeley Energia's investor presentation, Mar 14, 2012
Slide 1: Company Update: Salamanca I in Focus
For personal use only Company Update: Salamanca I in Focus Brendan James – Managing Director March 2012 “Developing a new uranium province in Spain”
Slide 2: Disclaimer
Disclaimer For personal use only IMPORTANT NOTICE The presentation materials in this document are for information purposes only and do not constitute an offer or invitation to subscribe for or purchase any securities, and neither the presentation materials nor anything contained herein nor the fact
Slide 3: Berkeley Resources Overview
Berkeley Resources OVERVIEW For personal use only ASX and AIM listed exploration and development mining company with significant uranium assets in Spain Two current projects: 100% owned Salamanca I and 90% Enusa JV 100% owned Salamanca I Project ~ Stage 1 1, NPV US$136M (Preliminary Feasibility Stud
Slide 4: Berkeley Resources Overview: Shares Information
Berkeley Resources OVERVIEW For personal use only Shares Information (28 Feb. 12) Ticker AIM / BKY ASX Market Cap. £33.53m Shares in Issue 174,298,273 Share Price 22.31p Cash (as at 31 A$43m Dec 2011) Listed on AIM 6 Dec 2006 Significant % Shareholders (7 Mar. 12) Anglo Pacific 15.5% Group Commonwea
Slide 5: Board & Management Team
Board & Management Team For personal use only The Berkeley Board Berkeley Senior Management James Ross - Non-Executive Chairman Steven Turner- CFO Qualifications -B.Sc. (Hons.), PhD, FAusIMM, FAICD Qualifications – BA (Hons.) Banking, Insurance, Finance Dr Ross is a leading international geologist w
Slide 6: Global Uranium Market; Uranium in Spain
For personal use only Global Uranium Market Uranium in Spain
Slide 7: Global Uranium Market
Global Uranium Market For personal use only JP Morgan’s Estimated Incentive Prices for a selection of Major Greenfield Projects Global outlook on uranium • Average incentive price required for major projects c.US$83/lb (based on JP Morgan forecast to achieve a 15% IRR) • Russian HEU agreement compl
Slide 8: Uranium in Spain
Uranium in Spain For personal use only Spain offers an environment conducive to Berkeley's activities Region has over 30 years experience in uranium mining Excellent mining infrastructure, world class rehabilitation experience Access to skills and power A reliable legal and mining title jurisdic
Slide 9: The Next European Uranium Producer
For personal use only The Next European Uranium Producer Berkeley Resources Strategic Overview
Slide 10: Strategic Growth Plan
Strategic Growth Plan For personal use only Berkeley is committed to aggressively progressing the development of Salamanca I and JV Projects, P j t and d has h recently tl strengthened t th d its it managementt team t t bring to bi i h in-house substantial uranium development expertise in order to f
Slide 11: Strategy
Strategy For personal use only Near term focus – PRODUCTION & CASHFLOW Delivering Salamanca I and Enusa JV on time and on budget. Secure competitive long term offtake for 2014 production onwards Seeking strategic industrial partner as investor at the project level, thereby securing funding, and r
Slide 12: Salamanca I Project
For personal use only Salamanca I Project 12
Slide 13: Development Timeline
Development Timeline For personal use only 11.9 Mlbs 26.1 Mlbs 83.2 Mlbs Mineral Mineral Mineral Commence Production Resources Resources Resources construction of uranium Anticipated licence approval 2007 2008 2009 2010 2011 2012 2013 2014 16.9 Mlbs Commenced 80.3 Mlbs Commence Start pre Mineral Con
Slide 14: Location of Deposits
Location of Deposits For personal use only 14
Slide 15: Salamanca I - Stages
Salamanca I - stages For personal use only Stage 1; Retorillo project & Santidad project • pre-feasibility study completed Jan 2012 • commissioning on track for 2014 • average production of 1.42Mlbs pa during the first 6 years (on-off (on off biological heap leach pad) • licensing and permitting pr
Slide 16: Stage 1 PFS Results
Stage 1 PFS Results For personal use only - MINERAL RESOURCES (JORC Compliant) : 19.9 Mt @ 406ppm; 19.5 Mlb U3O8 (8.847 ton U3O8) - Retortillo + Santidad: 16.1 16 1 Mt @ 400 ppm; 14.3 14 3 Mlb U3O8 (6.446 (6 446 ton U3O8). ) - Satellite Deposits: 5.7 Mt @ 418 ppm; 5.3 Mlb U3O8 (2.345 ton U3O8). . -
Slide 17: Stage 1 Economics
Stage 1 Economics For personal use only Base Assumptions and Outputs Cumulative Cash Position 200 000 200.000 U3O8 price (nominal flat) US$/lb 65.00 150.000 Exchange €/US$ 0.76 100.000 Recovery 87.5% €´000 Capex contingency 15.0% 50.000 Max Negative Cash Balance (US$M) -81.24 0 Total Operating Cash
Slide 18: Stage 1 Mine Configuration
Stage 1 Mine Configuration For personal use only Santidad Pit Santidad Waste Dump No Visual Impact from Surrounding Businesses Conveyor Belt Retortillo Pit Retortillo Waste Dump Heap Leach Treatment Road Plant
Slide 19: Processing – Modular Heap Leach
Processing – Modular Heap Leach For personal use only Process will utilise on-off pad, bi l i l h biological heap lleaching hi Proven technology, native b t i llow-risk bacteria, i k application li ti Previous 40 day column test work has yielded recoveries in excess of 90% (economics assume 87.5%
Slide 20: Retortillo Exploitation Sequence
Retortillo Exploitation Sequence For personal use only
Slide 21: Retortillo Exploitation Sequence
Retortillo Exploitation Sequence For personal use only
Slide 22: Retortillo Exploitation Sequence
Retortillo Exploitation Sequence For personal use only
Slide 23: Retortillo Exploitation Sequence
Retortillo Exploitation Sequence For personal use only
Slide 24: Retortillo Exploitation Sequence
Retortillo Exploitation Sequence For personal use only
Slide 25: Retortillo Exploitation Sequence
Retortillo Exploitation Sequence For personal use only
Slide 26: Retortillo Exploitation Sequence
Retortillo Exploitation Sequence For personal use only
Slide 27: Community & Govt Support
Community & Govt Support For personal use only Salamanca I project subject to local and regional permitting (except RP licence from NSC) – on track for completion p in mid 2013 Berkeley to contribute to the economic and social development of the municipalities Exploitation of the Retortillo and S
Slide 28: Licensing & Permitting
Licensing & Permitting For personal use only Permitting application for Retortillo-Santidad Exploitation Concession submitted October 11, 2011 together h with i h Environmental E i l Scoping S i Document D Permitting applications for Retortillo office submitted October 2011 Land for Retortillo of
Slide 29: Salamanca Satellite Deposits: Significant Drill Results
Salamanca 1 Satellite Deposits Significant Drill Results For personal use only CRISTINA Hole ID From To Interval U3O8ppm CRIR 007 CRIR-007 3 60 57 327 CRIR-012 19 32 13 457 CRIR-040 8 57 49 346 ZONA 7 Hole ID From To Interval U3O8ppm ZN7-001 0 8.5 8.5 2763 ZN7-007 2 24.4 22.4 1063 ZN7R-051 7 28 21 3
Slide 30: Salamanca Satellite Deposits: Exploration Potential
Salamanca 1 Satellite Deposits Exploration Potential For personal use only Clear radiometric anomalies show up for both the Retortillo and Santidad deposits Further anomalies identified in the Satellite areas to the north Area underexplored, with little to no drilling outside of high g intensi
Slide 31: Salamanca I – Stage 2
Salamanca I – Stage 2 For personal use only The Salamanca I Project Stage 2 includes: Satellite deposit p “Zone 7” & the Caceres VI area deposit “Gambuta” Retorillo Satellites deposits (Zone 7, Las Carbas Cristina and Caridad) with Mineral Carbas, Resources of 5.3 Mlbs (2.4kt) at an average grade
Slide 32: Salamanca I – Stage 2
Salamanca I – Stage 2 For personal use only The Salamanca I Project Stage 2, Gambuta deposits (Caceres VI project): Located 142km southeast of Retortillo in the Cáceres Province of Spain Structurally controlled, zone of mineralisation which is 250m to 350m wide over a strike length of 1500m and
Slide 33: Summary & Conclusions
Summary & Conclusions For personal use only Berkeley is developing a new uranium province in Spain - 100% ownership in excess of 72,000 ha 100% owned Salamanca I already at 28.7Mlb U3O8. Total Berkeley Resources 76Mlb U3O8 On track to become the next European uranium producer in 2014 Salamanca I fla
Slide 34: Appendix
For personal use only Appendix
Slide 35: Total Berkeley Mineral Resource
Total Berkeley Mineral Resource: For personal use only 35
Slide 36: Berkeley Salamanca I Mineral Resource
Berkeley Salamanca I Mineral Resource: For personal use only Deposit Resource Tonnes U3O8 U3O8 U3O8 Category Berkeley U3O8 U3O8 Name Category (Mt) (ppm) (t) (Mlbs) (%) (%) (Mlbs) (t) Indicated 6.1 416 2,555 5.6 56% 100% 5.6 2,555 Inferred 5.3 376 2,005 4.4 44% 100% 4.4 2,005 Retortillo Total 11.5 39
Slide 37: Retortillo & Santidad: More information
Retortillo & Santidad: More information For personal use only The Salamanca I Project Stage 1 Retortillo deposit: Previously drilled by the Junta de Energia Nuclear ("JEN") ( ) and ENUSA S Resource infill, exploration and condemnation drilling completed at Retortillo in Nov 2011 – final assay’s
Slide 38: Retortillo Drilling and Resource Outline
Retortillo Drilling and Resource Outline: For personal use only 38
Slide 39: Salamanca I Stage 2: Gambuta
Salamanca I Stage 2: Gambuta For personal use only 39
Slide 40: Salamanca I Stage 2: Exploration Targets
Salamanca I Stage 2: Exploration Targets For personal use only 40
Slide 41: Salamanca I Stage 2: Exploration Targets
Salamanca I Stage 2: Exploration Targets For personal use only • Continuous mineralization over 1.5km x 0.3km • Near surface mineralization up to 90m depth • Average thickness of 9.4m 41
Slide 42: Salamanca I Stage 2: Exploration Targets
Salamanca I Stage 2: Exploration Targets For personal use only 42
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