Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Investor Presentation (January 2025)
18 slides from Peninsula Energy's investor presentation, Jan 14, 2025
Slide 1: Providing a Sustainable Uranium Supply for an Energy-Hungry, Low-Carbon Future
PR OV IDING A SUSTA IN A B LE UR ANIUM SUPPLY FOR A N ENER GY - HUNGR Y , LOW - CA R B ON FU T UR E J a n u a r y 2 0 25 ASX:PEN; OTCQB:PENMF 1
Slide 2: Important Disclosures and Disclaimers
Im p o r t a nt D i s cl o s u re s a n d D i s cl a i m e r s Summary Cautionary & Inferred Resources Notice This Presentation contains summary information about the current activities of Peninsula Energy Limited (the “Company”) as at the date of this Presentation. The information in this Presentat
Slide 3: North America's Newest Uranium Producer
N o r t h A m e r i c a ’ s N e w e s t Ura ni u m Pro d u c e r A fully-independent, North American uranium producer with a growing production profile and multi-decade life-of-mine potential A$235m Market Capitalisation (As of 06 Jan 2025) Delivering a reliable and sustainable supply of uranium to
Slide 4: Peninsula Board & Management
Pe ni n s ul a B o a rd & M a n a g e m e nt Board of Directors Mr John Harrison Non-Executive Chairman Board site visit to Lance - October 2024 Mr Wayne Heili Managing Director/CEO Mr David Coyne Non-Executive Director Mr Harrison Barker Non-Executive Director Mr Mark Wheatley Non-Executive Directo
Slide 5: Lance – A Premier ISR Uranium Project & Location
La n c e – A Pre mi e r ISR Ura ni u m Pro j e c t & Lo c a t i o n Located in Wyoming USA, a leading US uranium extraction jurisdiction PENINSULA ENERGY ASX:PEN; OTCQB:PENMF INVESTOR PRESENTATION 5
Slide 6: The Lance Projects – Wyoming, USA
T h e La n c e Pro j e c t s – W y o mi n g , US A • 58.0Mlbs U3O8 of JORC (2012) Resources1 • One of the largest US uranium ISR projects • Ross Production Project Area • Fully licensed uranium ISR production project • Home of the project facilities and central process plant • Estimated remaining Re
Slide 7: The Journey to Production at Lance
T h e J o u r n ey t o Pro d u c t i o n a t La n c e July 2019 July 2023 December 2024 Alkaline ISR Phase 1 plant Phase 1 Plant Operations modifications Commissioning, suspended completed for low pH-ISR low pH production start Dec 2020 Q3 2024 Q1 2025 - Onward Low pH ISR First MU-3, Header Phase 2
Slide 8: Commencement of Production
T h e La n c e Pro j e c t s – Co m m e n c e m e nt of Pro d u c t i o n • December 2024 Re-start of Production: • Low-pH ISR production officially commenced on 18 December 2024 • Peninsula successfully transitioned to become a yellowcake producer • Lance is ideally positioned to provide a long-ter
Slide 9: Lance Projects – Phase II Plant Expansion
La n c e Pro j e c t s - P h a s e II Pl a nt Ex p a n s i o n Process Plant Phase II Upgrade Phase II Expansion – Ongoing Construction • Production capacity expansion from existing 0.8 million lbs per ➢ Previous annum, to ~2 million lbs per annum production capacity1 U3O8 Processing Toll “Dry Circu
Slide 10: Rapid Progress of Phase II Plant Expansion
R a p i d Pro g re s s of P h a s e II Pl a nt Ex p a n s i o n Lance Central Processing Plant Site: Early July 2024 Lance Central Processing Plant: Early November 2024 PENINSULA ENERGY ASX:PEN; OTCQB:PENMF INVESTOR PRESENTATION 10
Slide 11: Wellfield Development Progress Update
We ll f i e l d D e v e l o p m e nt Progress Update • 12 drill rigs working to develop new Mine Units 3 (MU-3) and 4 (MU-4) • MU-3 is the first wellfield at Lance specifically designed for the low-pH in- situ recovery method • MU-3 HH-11 complete and turned over to operations • MU-3 HH’s 12 and 13
Slide 12: Exploration Upside
Ex p l o ra t i o n Up s i d e Lance Projects • Exploration Target of 104 – 163 Mlbs eU3O8 - Based on a combination of past exploration results and proposed exploration programmes1 • Greater than 300 linear km of redox fronts defined Dagger Project • Opportunity to expand production rate through Sat
Slide 13: 3-Year Production Guidance
3 - Ye a r Pro d u c t i o n Gui d a n c e Period AUG-2024 Estimate NOV-2024 Estimate Mid-Point Variance CY2025 0.7 to 0.9 Mlbs 0.6 Mlbs (0.2) Mlbs CY2026 1.4 to 1.6 Mlbs 1.1 to 1.3 Mlbs (0.3) Mlbs CY2027 1.4 to 1.6 Mlbs 1.5 to 1.7 Mlbs 0.1 Mlbs 3-Year Total 3.5 to 4.1 Mlbs 3.2 to 3.6 Mlbs (0.4) Mlb
Slide 14: Offtake Contracts Sales Profile
O fft a k e Co nt ra c t s S a l e s Prof il e Contracted Sales Profile Offtake Contracts 1,200 • Peninsula has 6 existing offtake contracts covering ~40% of planned production over next 10 years 1,000 • Committed to deliver 6.0 Mlbs from 2025 - 2033 • 2025 contracted sales at 467 klbs Uranium Sold
Slide 15: Ready to Deliver into a Robust Global Market
R e a d y t o D e l i v e r i n t o a R o b u s t Gl o b a l M a r k e t Bolstering the US domestic supply chain Uranium Spot Price History USD/lb • US ban on Russian sourced uranium has unlocked $2.72 billion of funding in support of domestic nuclear fuel supply $120 $110 • Acceleration of nuclear
Slide 16: Contact Details
Co nt a c t D et a il s REGISTERED OFFICE Units 32/33, Level 3 22 Railway Road Subiaco, Western Australia 6008 Australia Phone: +61 8 9380 9920 www.pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO email: info@pel.net.au 16 Not for distribution or release in the United States
Slide 17: Appendix 1 – Resources
A p p e n di x 1 – R e s o u rc e s Lance Projects Resource Estimate as at 31 December 20231 Classification Tonnes U3O8 Grade U3O8 (million) (Mkg) (ppm U3O8) (Mlbs) Measured 3.3 1.7 510 3.8 Indicated 11.0 5.6 510 12.4 Inferred 38.3 18.9 490 41.7 Total 52.6 26.3 500 58.0 Dagger Resource Estimate as a
Slide 18: Appendix 2 - Lance Exploration Target Additional Disclosure
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re Exploration Target1 The Lance Projects cover a significant proportion of the Powder River Basin. Cretaceous sandstones of Wyoming, which are believed to represent an Exploration Target of between 104 and 16
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