Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Australian Uranium Conference 2010
28 slides from Bannerman Energy's conference presentation, Jul 22, 2010
Slide 1: Strong Leverage to the Nuclear Renaissance
For personal use only Strong Leverage to the Nuclear Renaissance July 2010
Slide 2: Forward-Looking & Technical Disclosures
Forward-Looking & Technical Disclosures For personal use only Certain disclosures in this presentation, including management's assessment of Bannerman Resources Ltd’s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relatin
Slide 3: Etango Uranium Project: Positioned for substantial U3O8 price leverage
Etango Uranium Project Positioned for substantial U3O8 price leverage For personal use only Right Place Namibia, premier location. Right Scale 5-7 Mlbs U3O8 per year. Mine life +16 years. 162Mlbs & 1,300km2 landholding. Right Time Global nuclear renaissance. Page 3
Slide 4: Experienced Board & Management
Experienced Board & Management For personal use only Non-Executive Directors David Smith, Chairman - Former Managing Director of Rio Tinto Pilbara Iron & Rössing Uranium. Ronnie Beevor - Formerly Head of Investment Banking at Rothschild Australia. James McClements - Principal of Resource Capital Fun
Slide 5: Capital Structure
Capital Structure For personal use only As at July 19, 2010 Share price A$0.37 Shares - currently on issue 202 M Options - exercise prices A$0.20-7.50/share, average 23 M A$2.40/share Convertible Note - matures Dec-2011 for A$10M or 16.3M 16 M shares Contingent Share Issue - on grant of mining licen
Slide 6: Namibia: Premier uranium mining jurisdiction
Namibia Premier uranium mining jurisdiction For personal use only Stable democratic government & Etango economy. Uranium 4th largest uranium producing Project Swakopmund Walvis Bay Windhoek country – ambitions to grow. Political and social support of uranium mining. Rössing (Rio 69%) has ope
Slide 7: Premier Uranium Province
Premier Uranium Province ~ 162 Mlbs U3O8 & 1,300 km2 landholding For personal use only Trekkopje Water – new & 20 GL - Areva Desalination Plant expanding (Existing) Valencia desalination capacity. - Forsys Power – new Rössing - investments 25 GL Plant - Rio Tinto Desalination Plant underway. (Pr
Slide 8: Etango Project Site
Etango Project Site For personal use only Page 8
Slide 9: Preliminary Feasibility Study
Preliminary Feasibility Study – Dec 09 Feasibility study status update scheduled for early Q410 For personal use only • Located in “alaskite alley” that includes the Rössing and Geology Rössing South deposits. Mineral • Large near-surface resource – M&I 142Mlbs & Inf 20Mlbs U3O8. Resource • Robust u
Slide 10: Well Defined Resource
Well Defined Resource For personal use only Approximately 90 % of resource in Measured and Indicated categories. Likely starter pit areas A B drilled to Measured Measured resources Indicated resources category to facilitate debt Inferred resources financing. Majority of Inferred material outsi
Slide 11: Mineral Resource Estimate
Mineral Resource Estimate Forward Looking and Technical Disclosures 88% in Measured & Indicated status For personal use only Etango Project* Mineral Resource Estimate – March 2010 Measured Resources Indicated Resources Inferred Resources Reported Tonnes Grade Contained Tonnes Grade Contained Tonnes
Slide 12: Favourable Resource Geometry
Favourable Resource Geometry Shallow dipping and within 200 metres of surface For personal use only C Etango Long Sections A B 350 metres A D B C D 200 metres 350 metres Page 12
Slide 13: Mining Review
Mining Review Realising cost reduction opportunities For personal use only 1 In Pit Dumping Resource update – Stage 5 waste to stage 2 pit 2 improved mining schedule. Owner-mining assessment Stage 8/9 waste to stage 5 pit for cost reductions. 5 4 Larger mining equipment for 3 economies of scal
Slide 14: Processing Flowsheet
Processing Flowsheet Application of established technologies For personal use only MINING Sulphuric acid leach PRIMARY CRUSHING recoveries of +90% in less SECONDARY CRUSHING than 12 hours. HPGR CRUSHING ? ? MILLING Testwork continues into FLOTATION ? Sept quarter to define grind TANK LEACHING HE
Slide 15: Regulatory Approvals
Regulatory Approvals For personal use only Mining licence application lodged in December 2009. Initial environmental clearance received in April 2010. Page 15
Slide 16: Development Timeline
Development Timeline For personal use only * Construction * Pre-strip mining 2012 - 13 * Commissioning 2011 * Finalise DFS * Board approval 2010 * Financing Resource Update * Finalise process flowsheet * Mining licence * DFS Page16 Page 16
Slide 17: Estimated Annual Production: Etango has significant scale
For personal use only Page 17 Estimated Annual Production (Mlbs U3O8) 10.0 15.0 20.0 25.0 0.0 5.0 McArthur River (Can) Rössing South (Nam) Rössing (Nam) Ranger (Aus) LLP Kazatomprom (Kaz) Olympic Dam (Aus) Priargunsky (Rus) Niger (Niger) Muyunkum (Kaz) Navoi (Uzb) Etango (Nam) Langer-Heinrich (Nam)
Slide 18: Nuclear Power Utilities: Chasing limited new uranium sources
Nuclear Power Utilities Chasing limited new uranium sources For personal use only 120 Nuclear Reactor Build Programs Estimated Number of Nuclear Power Reactors World Nuclear Association Estimates 2009-2030 100 High Growth Regions 80 60 40 20 0 Canada China France India Japan Korea Russia Sweden Ukra
Slide 19: Regional Exploration
Regional Exploration Generating new targets For personal use only New target generation programs underway for all three licence areas: Namibia Etango (500km2) Swakop (800km2) Botswana Page 19
Slide 20: Etango Licence Area
Etango Licence Area For personal use only Licence area: 500km2. Little exploration outside of the Etango project area, other than radiometric surveys. Page 20
Slide 21: Etango Licence Area: RadonX Surveys
Etango Licence Area RadonXTM Surveys For personal use only Conducted Radon cup surveys in areas under desert sands. Cost effective method for identifying mineralisation up to 100 metres beneath desert sands. Page 21
Slide 22: Etango Licence Area: RadonX Surveys
Etango Licence Area RadonXTM Surveys For personal use only Good correlation with known mineralisation Rössingberg radon cup as defined by drilling anomalies results. Rossingburg trend represents mineralised Etango system up to 16km deposit long. Initial focus on Etango project area Page 22
Slide 23: Etango Project: Follow up RC drilling
Etango Project Follow up RC drilling For personal use only Survey limit Numerous anomalies. Etango deposit Targeting near-surface mineralisation. Focussing on Ondjamba area. ~5km Page 23
Slide 24: Ondjamba - RC drilling results
Etango Project Ondjamba - RC drilling results For personal use only Palmenhorst Dome GJBRC0063: 26m at 203ppm from 38m downhole Etango Deposit & 10m at 452ppm from 163m downhole GJBRC0065: 13m at 292ppm from 44m downhole & 13m at 215ppm from 66m downhole GJBRC0062: 10m at 165ppm from 136m downhole G
Slide 25: Rössingberg Prospects
Rössingberg Prospects Known outcropping of uraniferous alaskites For personal use only Page 25
Slide 26: Rössingberg Prospect: New drill targets
Rössingberg Prospect New drill targets For personal use only Two strong trend lines roughly coincide with Radiometric Anomalism radiometric anomalism. Large radon anomaly in centre absent on radiometric images. Drill ready targets. Page 26
Slide 27: Investment Proposition
Investment Proposition In a nuclear renaissance For personal use only Key stakeholder support History of uranium mining in Namibia Technical feasibility Established technology Global significance 162Mlbs U3O8 Growth outlook Prospective landholding Ability to finance Development p
Slide 28: For personal use only
For personal use only www.bannermanresources.com.au Page 28
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