Neo Energy Metals Plc · LSE:NEO
Neo Energy Metals — Investor Presentation (2024)
38 slides from Neo Energy Metals's investor presentation, 2024
Slide 1: Near-Term Low-Cost Uranium Production
NEAR-TERM LOW-COST URANIUM PRODUCTION Q4 2024 Corporate Presentation
Slide 2: Disclaimer
DISCLAIMER IMPORTANT NOTICE You must read the following disclaimer before continuing. This disclaimer applies to the materials following this page (Document). You are advised to read this disclaimer carefully before reading or making any other use of the Document. By receiving this Document, you agr
Slide 3: Main Board London Listing
MAIN BOARD LONDON LISTING ▪ Neo Energy Metals (LSE: NEO) is the only uranium exploration company listed on the Main Market of the London Stock Exchange ▪ Only primary listed uranium mine development company in London to offer investors with direct exposure to the uranium sector ▪ One of the most adv
Slide 4: Strategy
STRATEGY Three-pronged approach 1.Develop 2.Procure 3.Explore Fast-track the interrogation of Procure assets of a suitable Explore additional minerals of Henkries ahead of a determination of potential to explore and develop in significant value to the global de- the development schedule by end of th
Slide 5: Board of Directors
BOARD OF DIRECTORS A Board with strong and proven credentials in African mining and investment Sean Heathcote - Chief Executive Officer ▪ Over 31 years’ experience in the mining and exploration industry in Africa and across a broad range of commodities including uranium, bulk commodities, precious m
Slide 6: Management to Advance to Production
MANAGEMENT TO ADVANCE TO PRODUCTION A management team with the capabilities to successfully advance Henkries to production Andrew Pedley (B.Sc. M.Sc. Pr. Sci. Nat.) – Senior Geological Consultant Andrew Pedley ▪ Exploration and resource geologist with over 20 years’ of successful mineral exploration
Slide 7: Q Global Commodities
Q Global Commodities ▪ Q Global Commodities has established itself as one of South Africa’s leading independent commodity, logistics and investment funds ▪ Equity subscription agreement signed for a £3,500,000 investment ▪ Q Global Commodities will become the company's single largest shareholder wit
Slide 8: Uranium Market Fundamentals - 'Best Ever'
URANIUM MARKET FUNDAMENTALS - ‘BEST EVER’ • One of the most significant and strategic modern commodities • Uranium is clean, safe, reliable and economic • Value has risen dramatically in our new carbon-free world 21 nations launched the • Fragile supply chain apparent from recent global events Decla
Slide 9: Uranium Market Primed for Growth
URANIUM MARKET PRIMED FOR GROWTH NUCLEAR POWER EMITS NEARLY 70X LESS CARBON DIOXIDE THAN COAL Market Growth International Uranium The Power Drivers Market Market ▪ The World Nuclear Association ▪ Gaining favour among projects uranium demand to reach policy makers worldwide 206 million pounds in 2030
Slide 10: Neo Energy Metals Plc
NEO ENERGY METALS PLC ▪ A new uranium exploration and mining company listed on the London Stock Exchange and South Africa’s A2X Market ▪ 70% interest in the Henkries Uranium Project located in the Northern Cape Province of South Africa ▪ Henkries- Less than 10% of prospective ground fully tested – p
Slide 11: The Beisa Projects
THE BEISA PROJECTS CORPORATE PRESENTATION | 2024 10
Slide 12: The Beisa Projects
THE BEISA PROJECTS ▪ Agreement with Sunshine Mineral Reserves to acquire 100% of the Beisa North and Beisa South Uranium-Gold Projects (the “Beisa Projects”) ▪ one of the largest undeveloped uranium resources in South Africa ▪ located on two granted Prospecting Rights over an area of approx. 80Km lo
Slide 13: The Beisa Projects
THE BEISA PROJECTS ▪ The uranium and gold resources are contained primarily in the Beisa Reef, which extends across both the Beisa Projects and the Beatrix Reef which only occurs in Beisa South. ▪ The uranium-bearing Beisa Reef, on both the Beisa North Uranium Project and Beisa South Uranium Project
Slide 14: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE ▪ In August 2023, Sunshine conducted a South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC) compliant Inferred resources for the Beisa North and Beisa South Projects which recorded 90.24 Mlbs of U₃O₈ and 4.17 Mozs of g
Slide 15: Uranium and Gold Resources
URANIUM AND GOLD RESOURCES SAMREC Code resources of 90.24 Mlbs of U₃O₈ and 4.17 Mozs of gold are contained primarily in the Beisa Reef which extends across both the Beisa North and Beisa South Projects and also in the Beatrix Reef which only occurs in Beisa South CORPORATE PRESENTATION | 2024 14
Slide 16: Henkries Uranium Project
HENKRIES URANIUM PROJECT CORPORATE PRESENTATION | 2024 15
Slide 17: Henkries Uranium Project
HENKRIES URANIUM PROJECT The Orange River Eskom transformer substation adjacent to the Henkries Uranium Project CORPORATE PRESENTATION | 2024 16
Slide 18: Project in Proven Mining District
PROJECT IN PROVEN MINING DISTRICT ▪ 80km north of the mining town of Springbok in the Northern Cape Province of South Africa ▪ Immediately south of the Orange River, and the border with Namibia ▪ Excellent infrastructure with access by tar and gravel roads, a 22kVA power-line and water from the Oran
Slide 19: Discovered by Anglo American
DISCOVERED BY ANGLO AMERICAN ▪ Discovered by Anglo American in 1975 ▪ Granted Prospecting Right extending over 743km2 ▪ Uranium mineralisation hosted in soft, very shallow paleochannel sediments ▪ Prospective uranium channel extends for 37km on the license area ▪ Two deposits, Henkries Central and H
Slide 20: Anglo American Feasibility Study Work
ANGLO AMERICAN FEASIBILITY STUDY WORK ▪ Anglo American Feasibility Study based on 9,693m of drilling and over 700 holes ▪ Anglo also mined 211 pits and 254t bulk sample processed at the National Institute for Metallurgy in South Africa MINING PROCESSING ▪ Material is unconsolidated sands ▪ Process w
Slide 21: Near Term and Low Cost Operation
NEAR TERM AND LOW COST OPERATION ▪ Good continuity of mineralisation ▪ Overburden and mineralized material free-dig ▪ Mineralisation at surface or very shallow ▪ Water and power within 2km ▪ Henkries Central well drilled (>800 holes) ▪ Forecast low operating costs ▪ Henkries Central Av. grade of 436
Slide 22: Henkries Mineral Rights Area
HENKRIES MINERAL RIGHTS AREA ▪ Granted Prospecting Right in place over the Henkries Uranium Project extending over a total area of 743km2 • Existing Henkries Central and Henkries North deposits occupy <10% of the prospective area • Potential to make new discoveries and significantly increase resourc
Slide 23: Over 18,000m of Drilling
OVER 18,000M OF DRILLING CORPORATE PRESENTATION | 2024 22
Slide 24: Uranium Mineral Resource Estimate
URANIUM MINERAL RESOURCE ESTIMATE HENKRIES URANIUM PROJECT - JORC COMPLIANT RESOURCES (100ppm U3O8 cut-ff grade) Million Average Grade (ppm Average Dry Density Million lbs. U3O8 Tonnes U3O8) (t/m3) contained Henkries Central Indicated 1.97 635 1.08 2.75 Inferred 1.74 211 1.38 0.81 Total Henkries Cen
Slide 25: Economics Update
ECONOMICS UPDATE ▪ Erudite Strategies appointed to update Order of ▪ The Life of Mine for all project scenarios was set at Magnitude Capex and Opex estimate for the Henkries 10 years, using an average price of US$90/lb and a Uranium Project discount factor of 8%, with no escalation and no ▪ To updat
Slide 26: Economics Update
ECONOMICS UPDATE ▪ Financial Models were generated based on the Erudite Study outcomes, for three operating scenarios for the development of the project defined as: I. Low Case - assuming the project is developed based on the current 4.7Mlb U3O8 JORC resource, II. Competent Person Report Case- assum
Slide 27: Henkries Central - High Grade Zone
HENKRIES CENTRAL – HIGH GRADE ZONE ▪ 4.1m at 668ppm U3O8 ▪ 3.3m at 827ppm U3O8 ▪ 2.4m at 1,703ppm U3O8 ▪ 2.0m at 2,131ppm U3O8 ▪ 4.0m at 1,033ppm U3O8 ▪ 2.4m at 1,703ppm U3O8 ▪ 4.0m at 1,265ppm U3O8 ▪ 2.1m at 1,071ppm U3O8 CORPORATE PRESENTATION | 2024 26
Slide 28: Henkries Central Resource Upside
HENKRIES CENTRAL RESOURCE UPSIDE ▪ Drilled by both Anglo American and Niger Uranium ▪ Multiple high grade drill intercepts ▪ Individual assays reported up to 5 kgs/tonne U3O8 in carbonaceous ore type ▪ Opportunity to extend mineralisation already identified in the paleochannel. ▪ Major potential to
Slide 29: Henkries North
HENKRIES NORTH ▪ Resources defined on just 3 of the 6 identified zones of uranium mineralisation ▪ Exploration Target completed for the other 3 zones – to be upgraded to resources ▪ Additional drilling and assays of existing unsampled drillholes may further support resource increase and upgrade ▪ Op
Slide 30: Advantages of Henkries Mineralisation
ADVANTAGES OF HENKRIES MINERALISATION Typical borehole sequence from ▪ High-grade uranium mineralisation relative to other established and operating open-pit uranium deposits Henkries Central ▪ Uranium mineralisation is at surface and mostly within 8m of the surface ▪ Good continuity with mineralisa
Slide 31: Resource Potential at Henkries South
RESOURCE POTENTIAL AT HENKRIES SOUTH ▪ Major exploration and resource upside at Henkries South ▪ Extends over 24km of the 37km defined paleochannel that hosts Henkries Central and Henkries North resources ▪ 794 detector RadonX survey completed over Henkries South ▪ Drilling and geophysics planned to
Slide 32: Henkries Project Highlights
HENKRIES PROJECT HIGHLIGHTS Advanced Uranium Project Near Term Production JORC Resource Estimate (Jan 2022) Opportunity to accelerate production in a 4.7 Mlbs U3O8 at 399 ppm relatively short time frame Pilot plant metallurgical work confirmed Key studies to be updated and fully funded good recoveri
Slide 33: Steps Towards Production
STEPS TOWARDS PRODUCTION ▪ Funds raised to be used to complete an updated Feasibility Study ▪ 4,000 - 6,000m drilling program aimed at increasing the uranium Mineral Resource and supporting Ore Reserve estimation. ▪ Drilling to focus on potential lateral expansion and deeper mineralisation at the He
Slide 34: The Henkries South Project
THE HENKRIES SOUTH PROJECT CORPORATE PRESENTATION | 2024 33
Slide 35: Henkries South Highlights
HENKRIES SOUTH HIGHLIGHTS ▪ Neo Uranium Resources South Africa (Pty) Ltd ('NURSA'), entered into a binding heads of agreement to acquire a 100% interest in the Henkries South Uranium Project ('Henkries South') from South African uranium exploration company, Eagle Uranium SA (Pty) Ltd ('Eagle Uranium
Slide 36: Henkries South Highlights
HENKRIES SOUTH HIGHLIGHTS ▪ Uranium mineralisation in the southern area of the Henkries Project is seen at surface and at shallow depths of up to 6.0m, demonstrates good continuity and averages between 300ppm U3O8 to 400ppm U3O8 and has always been considered as offering the potential for major new
Slide 37: Summary
SUMMARY ▪ A uranium exploration and mining company listed on the London Stock Exchange and South Africa’s A2X Markets ▪ Neo’s management strategy is to position the Group as South Africa’s leading uranium mining company and one of Africa’s major uranium mine operators and developers ▪ The company pr
Slide 38: Contacts
CONTACTS Sean Heathcote Email: sean@neoenergymetals.com Jason Brewer Email: jason@neoenergymetals.com info@neoenergymetals.com Neo Energy Metals plc 27-28 Eastcastle Street London United Kingdom W1W 8DH Twitter: NeoEnergyMetals LinkedIn: Neo Energy Metals Website: https://neoenergymetals.com/