Slide 1: Deep Yellow Limited Indaba Presentation
Deep Yellow Limited Indaba Presentation February 2011 Greg Cochran ‐ Managing Director ASX Code: DYL www deepyellow com au www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This presentation has been prepared by Deep Yellow Limited ((‘Deep Deep Yellow Yellow’)). The information contained in this presentation is of a general nature only and does not constitute and offer to issue, or to arrange an issue, of securities or financial pr
Slide 3: Overview
Overview Company Focus and Vision Project Locations and Project Pyramid Corporate Profile FY 2010 Results Omahola Project Emerging Namibian Projects The Next 12 Months
Slide 4: Company Focus and Vision
Company Focus and Vision • Deep Yellow Limited (DYL) is an ASX listed uranium exploration p and development p company with a quality portfolio of assets in Namibia and Australia. • DYL’s objective j is to become a reliable uranium producer in Namibia by 2014/5 and continue to successfully f yg grow
Slide 5: Project Locations – Namibia
Project Locations – Namibia* 4,195 km2 Exploration p area with substantial uranium resources *Exploration conducted by DYL’s wholly‐owned subsidiary Reptile Uranium Namibia (RUN)
Slide 6: Project Locations – Australia - QLD
Project Locations – Australia ‐ QLD 1,688 km2 Exploration area with some uranium resources
Slide 7: Project Locations – Australia - NT
Project Locations – Australia ‐ NT Napperby N b Uranium Deposit 26,824 km2 Exploration area with uranium resources
Slide 8: Project Pyramid
Project Pyramid PRODUCTION DEVELOPMENT FEASIBILITY STUDIES JORC RESOURCES EXPLORATION PROJECTS GREENFIELD EXPLORATION TARGET AREAS EXPLORATION LICENCE APPLICATIONS
Slide 9: Project Pyramid February 2011
Project Pyramid February 2011 PRODUCTION ? DEVELOPMENT PROJECTS ? OMAHOLA PROJECT FEASIBILITY STUDIES (PFS) T b Tubas Sl Slance Tumas Queen’s Gift Napperby JORC RESOURCES INCA Thanksgiving TRS Bambino Aussinanis Eldorado North Ongolo Alaskite Ewen EPM Napperby West EXPLORATION INCA Area Prospector E
Slide 10: Corporate Profile
Corporate Profile Top Ten Shareholders % Paladin Energy Ltd 19.96 Shares on Issue: 1,127.08M HSBC Custody Nominees (Aus) Ltd 12.62 Robert Anthony Healy 6.46 Unlisted Options: 23.58M D Leon Dr L E Eugene P Pretorius t i 5 89 5.89 Gillian Swaby 3.61 Market Capitalisation: ~A$360M A$360M Zac & Thelma R
Slide 11: Board and Management
Board and Management Board of Directors Mr Mervyn Greene – Chairman ‐ Investment Banking Mr Greg Cochran – Managing Director – Uranium and Executive Leadership Mr Martin Kavanagh – Executive Director ‐ Geology Ms Gillian Swaby – Non‐Executive Director – Secretarial/Finance/Accounting Mr Rudolf Bruno
Slide 12: FY 2010 Results
FY 2010 Results TECHNICAL JORC Mineral Resource estimates completed at Mount I INCA Isa, INCA, TTubas b R d SSand Red d and dA i i P Aussinanis j Projects SNC‐Lavalin appointed to conduct Omahola Project Pre‐Feasibility Study Ongolo g Alaskite uranium mineralisation discoveryy Positive results from
Slide 13: FY 2010 Results – contd.
FY 2010 Results – contd. ACTUAL EXPENDITURES A$M E l ti iin N Exploration Namibia ibi 11 2 11.2 66% Exploration in Australia 5.0 30% Corporate 2.4 Interest ‐1.7 17 Total 16.9 FY 2010 Expenditure: A$16.9 million JORC Resources added: 40.3 million lbs U3O8 Unit Cost for Resources added: A$0.42/lb U3O8
Slide 14: Omahola – Flagship Project
Omahola – Flagship Project Pre‐Feasibility Study (PFS) underway – conducted by SNC Lavalin – Johannesburg C rrentl two Currently t o sources so rces of ore ore: INCA deposit – unique uranium and magnetite mineralisation Tubas Red Sand (TRS) deposit – subsurface red sands with uranium mineralisation
Slide 15: Omahola Project - PFS
Omahola Project ‐ PFS Study launched in March 2010 SNC‐Lavalin lead engineering consultant and Study Manager Metallurgical testwork by Mintek – Johannesburg Preliminary Results released January 2011 Draft Environmental Reports completed December 2010 Completion Second Quarter
Slide 16: Omahola Project – INCA Deposit
Omahola Project – INCA Deposit INCA deposit Unique uranium and magnetite mineralisation Shallow mineralisation from ~20 metres depth Initial Indicated and Inferred JORC Resource estimate 15.0 M tonnes t att 405 ppm eU U3O8 containing t i i 13.4 13 4 Mlbs Mlb eUU3O8 att 250 ppm cut‐off grade M i can
Slide 17: Omahola Project – TRS Deposit
Omahola Project – TRS Deposit Tubas Red Sand (TRS) deposit Subsurface red sand with uranium mineralisation Initial Indicated and Inferred JORC Resource 13.8 M tonnes at 160 pp ppm eU3O8 containingg 4.9 Mlbs eU3O8 at 100 ppppm cut‐ off grade From surface to ~13 metres depth Accumulated sand deposit
Slide 18: Omahola Project – Development Vision
Omahola Project – Development Vision PFS Q2 2011 Definitive Feasibility Study (DFS): 2011/12* Environmental approvals and licensing: 2011‐2012* Project development and construction: 2012‐2013 2012‐2013* Commissioning and Production: 2014‐2015* * Assuming successful completion of prior steps
Slide 19: Emerging Namibian Projects
Emerging Namibian Projects Ongolo Alaskite Project Discovery off high‐grade hi h d (400+ ( ppm U3O8 ) alaskite l k h hosted d uranium mineralisation announced April 2010 Interpreted mineralised zone now up to 2 kilometres in strike length with 500‐600 ppm U3O8 on Recon Line 5 announced 23 August
Slide 20: The Next 12 Months
The Next 12 Months Complete PFS on Omahola; commence DFS – Preliminary JORC Resource on Ongolo Alaskite Preliminary l Scoping Study d and d Minerall Resource estimate on Shiyela Iron project Portfolio Rationalisation in Australia Continue to expand JORC Resource base Consider Scoping Study or PFS on
Slide 21: Contact Details
Contact Details Greg Cochran Managing Director Deep Yellow Limited Level 1, 329 Hay Street Subiaco Western Australia 6008 Subiaco, T +61 8 9286 6999 M +61 409 938‐784 F +61 8 9286 6969 Email: greg.cochran@deepyellow.com.au Email: info@deepyellow.com.au Website: www.deepyellow.com.au
Slide 22: JORC Resource Summary – December 2010
JORC Resource Summary – December 2010 Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) REPTILE URANIUM NAMIBIA (NAMIBIA) Omahola Project INCA Inferred 250 5.5 445 2,449 5.4 INCA Indicated 250 9.4 385 3,628 8.0 Tubas Red Sand Inferred 100 10.7 158 1,685 3.7 Tubas Re
Slide 23: JORC Compliance Statements
JORC Compliance Statements INCA and Tubas Red Sand Deposits The information in this report that relates to the Mineral Resource for the INCA and Tubas Red Sand deposits is based on information compiled il d by b Mr M Mike Mik Hall, H ll whoh is i a Member M b off The Th Australasian A t l i Institut
Slide 24: JORC Compliance Statements
JORC Compliance Statements Aussinanis and Tumas Deposits The information in this report that relates Mineral Resource estimation for Aussinanis and Tumas is based on work completed by Mr Jonathon Abbott who is a full time employee of Hellman and Schofield Pty Ltd and a Member of the Australasian Ins
Slide 25: JORC Compliance Statements
JORC Compliance Statements Tubas Deposit The information in this report that relates Mineral Resource estimation for Tubas is based on work completed by Mr Willem H. Kotzé Pr. Sci. Nat MSAIMM. Mr Kotzé who is a full time employee of Hellman and Schofield Pty Ltd and a Member of the Australasian Inst
Slide 26: JORC Compliance Statements
JORC Compliance Statements Mount Isa Projects The information in this report that relates to Mineral Resource estimation for the Mount Isa Projects is based on work compiled by Mr Neil Inwood, a Member of the Australasian Institute of Mining and Metallurgy. Mr Inwood is employed by Coffey Mining Pty
Slide 27: JORC Compliance Statements
JORC Compliance Statements Napperby Project The information in this report that relates to Mineral Resource estimation for the Napperby Project is based on information compiled by Mr Daniel Guibal who is a Fellow (CP) of the Australasian Institute of Mining and Metallurgy. Mr Guibal is a full time e