Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Shareholder Meeting (November 2014)
22 slides from Bannerman Energy's shareholder meeting presentation, Nov 4, 2014
Slide 1: Chairman's Address and CEO Presentation
STOCK EXCHANGE ANNOUNCEMENT 4 November 2014 CHAIRMAN’S ADDRESS AND CEO PRESENTATION For personal use only Perth, Australia – Bannerman Resources Limited (ASX: BMN, TSX: BAN, NSX: BMN) ("Bannerman" or the "Company") attaches the following documents to be delivered at today’s Annual General Meeting: 1
Slide 2: Chairman's Address
For personal use only CHAIRMAN'S ADDRESS Bannerman's ongoing focus on the globally significant Etango Project presents shareholders with exceptional leverage to the uranium price. The continuing overhang in uranium supply, resulting from the redirection of supply previously destined for the 48 Japan
Slide 3: Etango Uranium Project
For personal use only Etango Uranium Project Enhancing early mover advantage 4 November 2014
Slide 4: Technical Disclosures and Forward-Looking Disclaimers
Technical Disclosures and Forward-Looking Disclaimers For personal use only This presentation should be read in conjunction with the release by Bannerman Resources Limited dated 10 April 2012 and entitled “Bannerman Reports Positive DFS Results and Milestone Agreement with Namibian State-Owned Minin
Slide 5: Etango project in a nutshell
Etango project in a nutshell For personal use only Completed Etango DFS & ESIA in 2012 Granted environmental approvals in 2012 6 – 9 Mlbs U3O8 annual production over 15 year mine life Straightforward geology, mineralogy & metallurgy Large scale open pit mining, dynamic acid heap leaching &
Slide 6: Globally Significant Scale
4 For personal use only 0 50 100 150 200 250 300 350 McArthur River Reflects 100% of projects. 335 Cameco/Areva Husab 320 CGNPC Source: Bannerman & Versant Partners, August 2012. Ranger/Jabiluka 246 ERA Cigar Lake 209 Cameco/Areva Inkai Globally Significant Scale 135 Cameco/Kazatomprom Langer Heinri
Slide 7: Looming deficit in supply-demand balance
Looming deficit in supply – demand balance For personal use only 5
Slide 8: Uranium spot & term contract sales increasing
Uranium spot & term contract sales increasing For personal use only Source: Raymond James Ltd 6
Slide 9: Uranium price bottomed
Uranium price bottomed For personal use only 7
Slide 10: Next Step - Demonstration Plant Program
Next Step - Demonstration Plant Program • Demonstrate design & projected For personal use only performance reflected in the DFS • Maintain & build project knowledge • Meaningful in-country activities • Pursue optimisation where appropriate 8
Slide 11: Location Map
Location Map For personal use only Bulk sample site Demonstration plant site 9
Slide 12: Demonstration Plant Layout
Demonstration Plant Layout For personal use only Evaporation Ponds ILS & PLS Crushed Material Agglomerator Cribs Fresh water Reagent mixing area Silent Workshop & generators on-site laboratory 10
Slide 13: Commencement of Site Activities
Commencement of Site Activities For personal use only 11
Slide 14: Drilling of Ore Sample
Drilling of Ore Sample For personal use only 12
Slide 15: In Summary
In Summary For personal use only Etango is the seventh largest uranium only project in the world Completed Definitive Feasibility Study & Environmental Impact Assessment Granted environmental approval Next step – construct demonstration plant by early 2015 and operate for minimum of 12 month
Slide 16: Favourable location relative to infrastructure
APPENDIX Favourable location relative to infrastructure For personal use only 14
Slide 17: Etango Mineral Resource & Ore Reserve Estimates
APPENDIX Etango Mineral Resource & Ore Reserve Estimates For personal use only Mineral Resource Tonnes Grade Contained U3O8 (Mt) (ppm U3O8) (Mlbs) Measured 62.7 205 28.3 Indicated 273.5 200 120.4 Measured & Indicated Resource 336.2 201 148.8 Inferred (Etango) 45.7 202 20.3 Inferred (Ondjamba & Hyena
Slide 18: Straightforward Open Pit Mining
APPENDIX Straightforward Open Pit Mining Ore Reserve Estimate based on over 275km Drilling For personal use only 6km 1km YEAR 16 16
Slide 19: Simple Process Flowsheet
APPENDIX Simple Process Flowsheet For personal use only 17
Slide 20: Straightforward Stage Crushing
APPENDIX Straightforward 3 Stage Crushing For personal use only Primary Crushing 18
Slide 21: Conventional Sulphuric Acid Heap Leaching
APPENDIX Conventional Sulphuric Acid Heap Leaching For personal use only 50 day on – off cycle 19
Slide 22: Scale, Simplicity, Substance
www.bannermanresources.com Scale, Simplicity, Substance For personal use only
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