Peninsula Energy Limited · ASX:PEN

Peninsula Energy — Q3 2018 Earnings Presentation

16 slides from Peninsula Energy's earnings presentation, Nov 15, 2018

  1. Slide 1: Quarterly Results Webcast Presentation announcement

    For personal use only 15 November 2018 Companies Announcement Office Via Electronic Lodgement PENINSULA ENERGY LIMITED QUARTERLY RESULTS WEBCAST PRESENTATION Peninsula Energy Limited (Peninsula) advises that it held an investor update webcast on 7 November 2018 including the attached presentation to

  2. Slide 2: September 2018 Quarter Results

    September 2018 Quarter Results For personal use only Webcast │ 7 November 2018 ASX:PEN

  3. Slide 3: Disclaimer & Competent Person

    Disclaimer & Competent Person For personal use only This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing containe

  4. Slide 4: Agenda

    Agenda For personal use only • Highlights of the Quarter 1. Lance Results and Activities 2. Low pH Permitting Progress 3. Low pH Feasibility Study 4. Quarterly Costs & Cash Flow Analysis 5. Karoo Update 6. Uranium Market 7. Investment Highlights Header House 5 & Wells Mr Wayne Heili – Managing Direc

  5. Slide 5: Lance - Steady Production Results

    Lance - Steady Production Results • September Quarter production higher than guidance For personal use only • 40,920 lbs produced in the quarter • 30,835 lbs dried & drummed in the quarter • 100,000 lbs U3O8 sold on 1 October 2018 • Reduced production expenditures during transitional period Quarterl

  6. Slide 6: Low pH Permitting Status

    Low pH Permitting Status • Permit and License amendments progressing in line with original For personal use only timing expectations Agreement  Effective 1 October 2018 State  State of Wyoming now has primacy over both Permit to Mine and Source Material and by-product License Permit to  Amendment

  7. Slide 7: Lance Low pH FS Highlights

    Lance Low pH FS Highlights For personal use only LOM • 33.4m lbs U3O8 Financial • LOM AISC of $31.77/lb Production • 17 year minelife Metrics • NPV8 $157m at $49/lb • NPV8 $254m at $57/lb Three Stage Expansion Plan Expansion Production AISC Capacity Stage Year CAPEX Cost $/lb. $/lb. mlbs/yr Stage 1

  8. Slide 8: FS Outcomes - All-in Sustaining Cash Costs: LOM and by Stage

    FS Outcomes - All-in Sustaining Cash Costs: LOM and by Stage 45 For personal use only 40.58 40 35 Wellfield CAPEX, 31.77 13.36 31.52 30.36 30 Wellfield CAPEX, Wellfield CAPEX, Wellfield CAPEX, US$/lb U3O8 25 10.25 Royalties, 5.83 12.31 10.52 20 R&R, 3.06 Royalties, 5.93 G&A, 3.66 Royalties, 5.73 Roy

  9. Slide 9: Quarterly Cost Performance Review

    Quarterly Cost Performance Review For personal use only • Spending discipline continues Payments for: Actual Actual Actual Actual F'cast (US#039;000) Dec Qtr CY17 Mar Qtr CY18 Jun Qtr CY18 Sep Qtr CY18 Dec Qtr CY18 Exploration & Evaluation 185 169 197 159 550 Development & PPE 537 786 491 327 500 Produ

  10. Slide 10: Robust Financial Position

    Robust Financial Position Available Cash(1) Balances and Movement For personal use only 14.0 12.0 10.0 8.0 US#039; million 6.0 4.0 2.0 0.0 30 Jun 18 Production Explor. & Devel Corp & Other Finance Costs Misc US Finance Surety 30 Sep 18 Costs Movement • Outflows consistent with forecast • No sales proce

  11. Slide 11: Karoo Projects – South Africa

    Karoo Projects – South Africa • All development and progression activities have ceased For personal use only Ongoing  Site office now closed Activities  Full time personnel and contractors let go Rest. &  All borehole remediation complete Rehab.  Historic trial mining area rehab under discussion

  12. Slide 12: Uranium Market Overview

    Uranium Market Overview For personal use only • The uranium spot market is now trading at multi-year highs • Uranium is sold in spot & term markets • Utilities have been buying from spot for several years, limiting term activity • Spot market supply depth is being tested by producer/investor buying

  13. Slide 13: Flexible Sales Strategy

    Flexible Sales Strategy • CY2018 completed deliveries of 225,000 lbs of U3O8 For personal use only • Some deliveries in 2019 and 2020 have flexible origin clauses allowing seller optionality • Contracted to purchase 225,000 lbs U3O8 as needed – fixed purchase prices with average cost of $23.69/lb U3

  14. Slide 14: A Prime Uranium Investment Opportunity

    A Prime Uranium Investment Opportunity For personal use only Investment Criteria Peninsula Active US uranium production assets Direct exposure to Section 232 outcomes Long term sales contract protection Strong leverage to rising uranium market price Ability to rapidly expand production capacity Low

  15. Slide 15: Questions & Answers

    For personal use only Questions & Answers 14

  16. Slide 16: Contact Details

    For personal use only Contact Details REGISTERED OFFICE Unit 32/33, Level 3, 22 Railway Road Subiaco, Western Australia 6008 Australia www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director +61 8 9380 9920 15

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