Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Investor Presentation (November 2023)
20 slides from Bannerman Energy's investor presentation, Nov 22, 2023
Slide 1: Investor Presentation November 2023
For personal use only Investor Presentation NOVEMBER 2023 ASX: BMN, OTCQX:BNNLF AND NSX:BMN
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Important notices Of the Mineral Resources scheduled for extraction and recovery in the Etango-8 Definitive Feasibility Study (DFS) production plan, 100% are classified as Measured or Indicated. Bannerman Energy Ltd (Bannerman, the Company) confirms that there are no Inferred Re
Slide 3: Forward Looking and Competent Person Statements
FORWARD LOOKING AND COMPETENT PERSON STATEMENTS Important notices Forward Looking Statements Competent Person Statement This presentation includes various forward looking statements which are identified by the use of forward looking words such as Mineral Resources “may”, “could”, “will”, “expect”, “
Slide 4: About Bannerman Energy
ABOUT BANNERMAN ENERGY The leading next- For personal use only generation uranium supplier of choice Our flagship Etango Project is one of the world’s largest, most advanced uranium development assets. Benefiting from its location in Namibia, a highly established uranium production powerhouse. Stron
Slide 5: One of the world's largest, most advanced uranium development assets
THE LEADING NEXT-GENERATION URANIUM SUPPLIER OF CHOICE One of the world’s largest, Mineral Resource Estimate (55ppm U3O8 cut-off)1,3 Tonnes Grade Contained For personal use only Resource category most advanced uranium Measured (Mt) 32.4 (ppm U3O8) 201 U3O8 (Mlb) 14.3 development assets Indicated 345
Slide 6: Located in Namibia, a stable, highly established uranium production powerhouse
THE LEADING NEXT-GENERATION URANIUM SUPPLIER OF CHOICE Located in Namibia, a stable, For personal use only highly established uranium production powerhouse Recognised tier-one supplier to global utilities 45-years of uranium production and export Three large-scale uranium mines; Top 3 global produce
Slide 7: Systematically de-risked through the uranium cycle
THE LEADING NEXT-GENERATION URANIUM SUPPLIER OF CHOICE Systematically de-risked through the uranium cycle BULL MARKET BEAR MARKET BULL MARKET For personal use only Bannerman Etango 20 NI 43-101 Etango Etango DFS Nano-filtration Etango-8 lists on the Mtpa Scoping report 20 Mtpa optimisation study Sco
Slide 8: The uranium market resurgence is unfolding now
THE LEADING NEXT-GENERATION URANIUM SUPPLIER OF CHOICE The uranium market resurgence is unfolding now For personal use only 520 Utility contract demand building Upper Scenario for Uranium Supply and Demand (Mlbs U3O8) 455 Persistent • Rising confidence in medium- and long-term global uranium demand
Slide 9: Corporate snapshot
THE LEADING NEXT-GENERATION URANIUM SUPPLIER OF CHOICE Corporate snapshot CAPITAL STRUCTURE PRICE (ASX: BMN) For personal use only ASX share price (21 Nov 2023) A$2.81 A$4.00 12 month share price range A$1.19 – A$3.05 A$3.00 Shares on issue 150.5 M A$2.00 Market capitalisation A$423 M A$1.00 Options
Slide 10: The leading next-generation uranium supplier of choice
INVESTMENT HIGHLIGHTS The leading next- For personal use only generation uranium supplier of choice 1 Strong technical and commercial viability demonstrated via Etango-8 DFS 2 Conventional production, technically de-risked through pilot-plant operation 3 All environmental approvals received 4 Long t
Slide 11: Strong technical and commercial viability demonstrated via Etango-8 DFS
INVESTMENT HIGHLIGHTS 15 years 113.5 Mt Initial mine life Total ore throughput 1. Strong technical and For personal use only commercial viability demonstrated via 8 Mtpa 240 ppm Throughput capacity Average U3O8 head grade Etango-8 DFS • Conventional open pit mining and heap leach processing at 8Mtpa
Slide 12: Outstanding upside price leverage
INVESTMENT HIGHLIGHTS 1. Outstanding upside price leverage For personal use only Upside DFS case US$80/lb US$1,172M US$435MNet cashflow (post-tax) Post-tax NPV8% 2.9 years Payback (post-tax) 24.6% Post-tax IRR LOM U3O8 price Further enhanced 69% 108% -1.1 +7.6% project economics Base DFS case US$65/
Slide 13: Conventional production, technically de-risked through pilot-plant operation
INVESTMENT HIGHLIGHTS 2. Conventional production, For personal use only technically de-risked through pilot-plant operation Proven flow sheet Fifteen years of technical de-risking Industrial-scale Heap Leach Demonstration Plant operated at site from 2015 validates flowsheet and key metallurgical par
Slide 14: All environmental approvals received
INVESTMENT HIGHLIGHTS 3. All environmental approvals received CONSENT TYPE DATE For personal use only ECC 01608 (Etango Project) Achieved 5 July 2012 ECC 02193 (linear infrastructure) Achieved 26 July 2011 ECC 01529 (heap leach demonstration plant) Achieved 7 September 2014 ECC APP 3078 (permanent w
Slide 15: Long track record of responsibility and sustainability
INVESTMENT HIGHLIGHTS 4. Long track record of responsibility and sustainability Early SRT For personal use only Mondesa Environmental Youth Opportunities Learner Assistance Conservancy Tourism Education baseline monitoring Program Hospitality TOSCO since 2008 Trade Association of Namibia scholarship
Slide 16: Skilled delivery team with deep Namibian expertise
INVESTMENT HIGHLIGHTS 5. Skilled delivery team with deep Namibian expertise Brandon Munro | CEO and Managing Director Mike Leech | Chairman – Namibia, NED For personal use only • 25+ years’ transactional and capital markets experience as • 30+ years’ mining industry experience, Rio Tinto. a corporat
Slide 17: Significant positive social and environmental impact
INVESTMENT HIGHLIGHTS 6. Significant positive social and environmental impact For personal use only 3.5 25 64 760 Mlbs U3O8 million million Namibian per annum, enough to power tonnes tonnes of carbon emissions avoided jobs 7-8 large nuclear of coal displaced by our production from nuclear power usin
Slide 18: The pathway ahead: moving towards production
THE PATHWAY AHEAD Moving towards production • Secure ML grant For personal use only Contracting • Conclude offtake agreements • Obtain strategic / Financing project financing • Complete FID • Long-lead items Construction • Mine and infrastructure • HL + IX process plant Production 3.5 Mlbs U3O8 p.a.
Slide 19: Social leadership in the future supply of raw materials
THE LEADING NEXT-GENERATION URANIUM SUPPLIER OF CHOICE Social leadership in the future For personal use only supply of raw materials for emissions free power Established, unaligned supply jurisdiction World-class asset and delivery team Powering a decarbonised future 19
Slide 20: Contact Details
CONTACT DETAILS Brandon Munro For personal use only Chief Executive Officer Email: info@bmnenergy.com Phone: +61 8 9381 1436 @BannermanEnergy @Brandon_Munro 20
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