Silex Systems Limited · ASX:SLX
Silex Systems — Investor Presentation (December 2021)
27 slides from Silex Systems's investor presentation, Dec 1, 2021
Slide 1: Investor Presentation
For personal use only Investor Presentation 1 December 2021 Silex Systems Limited (Silex) (ASX: SLX) (OTCQX: SILXY) is pleased to provide the attached presentation that will be delivered by Dr Michael Goldsworthy, Silex CEO and Jonathan Hinze, President, UxC, one of the nuclear industry’s leading ma
Slide 2: Euroz Hartleys Investor Update Presentation
For personal use only Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) Euroz Hartleys Investor Update Presentation Dr Michael Goldsworthy Jonathan Hinze CEO/Managing Director President, UxC, LLC 1 December 2021 www.silex.com.au 1
Slide 3: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors For personal use only About Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) Silex Systems Limited ABN 69 003 372 067 (Silex) is a research and development company whose primary asset is the SILEX laser enrichment technology, originally developed at the Com
Slide 4: Our Mission
Our Mission: to commercialise the unique SILEX laser enrichment technology for application to: For personal use only Uranium production and Silicon enrichment (silicon Other potential markets (e.g. enrichment (nuclear power) quantum computing) medical isotopes) Our strategy is focused on extracting
Slide 5: SILEX Technology Commercialisation Overview
SILEX Technology Commercialisation Overview For personal use only 51% Owned 100% Owned Other Potential Markets SILEX Uranium Production via GLE SILEX Zero-Spin Silicon Production E.g. Medical Radioisotopes Technology SILEX laser enrichment Technology SILEX laser enrichment SILEX laser enrichment Lic
Slide 6: SILEX and Nuclear Fuel Production
SILEX and Nuclear Fuel Production For personal use only The SILEX technology may provide GLE with multiple opportunities in the production of nuclear fuel: • produce natural grade uranium via enrichment of depleted tails inventories (Paducah project) • capture the value of conversion contained in th
Slide 7: Evolution of Enrichment Technology
Evolution of Enrichment Technology For personal use only 1st Generation Technology 2nd Generation Technology 3rd Generation Technology Gaseous Diffusion Centrifuge SILEX Laser ß = 1.004 ß ~ 1.25 ß ~ 2 - 201 High cost Lower cost Most cost effective Obsolete Current technology The future of uranium en
Slide 8: SILEX Process Overview
SILEX Process Overview For personal use only Laser Beam Process Gas Product Feed Separator Tails Laser Apparatus Apparatus • Unique third generation (laser-based) enrichment technology • Highly selective lasers to excite UF6 and efficiently separate U235 • Anticipated to be significantly more effici
Slide 9: Emerging Nuclear Fuel Opportunities – Advanced Reactors and HALEU Fuel Demand
For personal use only Emerging Nuclear Fuel Opportunities – Advanced Reactors (i.e. SMRs) and HALEU Fuel Demand Jonathan Hinze President, UxC, LLC www.silex.com.au 8
Slide 10: Advanced Reactors & Future HALEU Demand
Advanced Reactors & Future HALEU Demand For personal use only December 1, 2021 Jonathan Hinze President UxC, LLC
Slide 11: What are SMRs & ARs?
What are SMRs & ARs? For personal use only ► SMR = <300 MWe capacity ● Often evolutionary designs based on light water reactor (LWR) technologies ► AR = non-LWR “revolutionary” designs ► High Temperature Reactors (HTR) ● Gas cooled ► Liquid Metal Reactors (LMR) ● Sodium or lead cooled ► Varying size
Slide 12: Why the Interest in SMRs & ARs?
Why the Interest in SMRs & ARs? For personal use only ► Attractive due to lower capital costs and enhanced safety potential as SMR/AR plant may cost ~$1 billion vs. $5-8 billion for large reactor ► Fill many niche market needs: ● Modular nuclear capacity expansion (small bites off the apple) ● New c
Slide 13: Leading AR Technologies
Leading AR Technologies For personal use only ► X-energy’s Xe-100 ► TerraPower’s Natrium ► Terrestrial Energy’s IMSR ► USNC’s MMR ► Oklo’s Aurora ► ARC Clean Energy’s ARC-100 ► Moltex Energy’s SSR ► Urenco’s U-Battery ► HolosGen’s HOLOS ► Westinghouse’s eVinci ► BWXT’s Advanced Nuclear Reactor ► Kai
Slide 14: U.S. DOE's ARDP
U.S. DOE’s ARDP For personal use only ► U.S. Department of Energy (DOE)’s Advanced Reactor Demonstration Program (ARDP) ► Cost-shared 50/50 full demonstration of two designs (Xe-100 & Natrium) ● $3.2 billion in total funding over ~7 years (all funds included in recent infrastructure bill) ● Natrium
Slide 15: AR Fuel Cycles
AR Fuel Cycles For personal use only ► Current commercial LWRs use low enriched uranium (LEU) with less than 5% 235U content ► Most ARs require high assay low enriched uranium (HALEU) with enrichments ranging from 5% up to 19.75% as a fuel source ► Currently there is no commercial source of supply o
Slide 16: HALEU Fuel Demand
HALEU Fuel Demand For personal use only U.S. Outlook for HALEU Demand ► U.S. annual HALEU demand could reach as high as 500 MTU per year by 2035 ► Currently no commercial market for HALEU, but prices likely to be significantly higher than standard LEU ● Today’s LEU price: ~$2,300/kgU ● Future HALEU
Slide 17: Production of Uranium and Enriched Uranium (LEU, HALEU) with SILEX Technology
For personal use only Production of Uranium and Enriched Uranium (LEU, HALEU) with SILEX Technology www.silex.com.au 16
Slide 18: SILEX Uranium Production Opportunity
SILEX Uranium Production Opportunity For personal use only Global demand for Uranium is set to rise: A significant potential uranium supply shortage is forecast • Structural supply deficit could occur without a timely increase in production • Demand could grow significantly as zero-emissions nuclear
Slide 19: Paducah Uranium Production Opportunity
Paducah Uranium Production Opportunity* For personal use only Akin to a ‘Tier 1’ Target Commercial Uranium Resource Equivalent U3O8 Operation Date Based on low cost and Production longevity of production Planning for up to 5 million lbs Anticipated to be late 2020’s (Silex estimate of all-in cost p.
Slide 20: The Paducah Opportunity Potential Value Chain
The Paducah Opportunity Potential Value Chain ‘Full Service’ Nuclear Fuel Materials Concept For personal use only SILEX Technology Depleted UF6 Tails Uranium Production LEU Production HALEU Production GLE-DOE Agreement up to 5M lbs/yr for ~30 yrs ~2 MSWU1/yr Enrichment 100+ Tons/yr – by 20302 Conven
Slide 21: Emerging Opportunity - Small Modular Reactors (SMRs)
Emerging Opportunity - Small Modular Reactors (SMRs) For personal use only • Several next generation SMR designs / vendors plan to use High Assay Low Enriched Uranium (HALEU) • SILEX technology may provide a flexible low cost alternative to produce HALEU for SMRs • SMR’s are modular, smaller size (5
Slide 22: SMRs anticipated to provide next-generation zero-emissions base load electricity
SMRs anticipated to provide next-generation zero-emissions base load electricity For personal use only Transition to next Facilitating access generation lower to nuclear energy in cost, flexible nuclear new sectors and/or power regions Complementing Decarbonising variable renewable energy systems en
Slide 23: Estimated SMR Capacity in 2035 by Region
Estimated SMR Capacity in 2035 by Region OECD/NEA 2016 Analysis For personal use only 22 Source: Small Modular Reactors: Challenges and Opportunities, NEA No. 7560, © OECD 2021 • High case scenario forecasts over 20,000 MWe installed by 2035 www.silex.com.au 22
Slide 24: SILEX Commercialisation and Royalty Agreement
SILEX Commercialisation and Royalty Agreement For personal use only • GLE holds exclusive worldwide license for use of SILEX laser technology for uranium Paducah, KY Enrichment Plant Site • License agreement includes US$20 million in payments to Silex triggered by commercial development milestones:
Slide 25: Summary
For personal use only Summary www.silex.com.au 24
Slide 26: Summary
Summary For personal use only Long-term fundamentals for global growth in zero-emissions nuclear power remain positive Significant uranium supply deficit looming in the absence of a timely increase in uranium production GLE’s path to market focused on the Paducah opportunity – potentially a large, l
Slide 27: Thank you
For personal use only Thank you 26
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