Silex Systems Limited · ASX:SLX
Silex Systems — Investor Presentation (August 2024)
24 slides from Silex Systems's investor presentation, Aug 29, 2024
Slide 1: Investor Presentation
Silex Systems Limited For personal use only Investor Presentation (ASX: SLX) (OTCQX: SILXY) Dr Michael Goldsworthy CEO/Managing Director 29 August 2024 www.silex.com.au www.silex.com.au 1
Slide 2: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors About Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) Silex Systems Limited ABN 69 003 372 067 (Silex or Company) is a technology commercialisation company whose primary asset is the SILEX laser enrichment technology, originally developed at the Company’s
Slide 3: Our Mission: to commercialise the unique SILEX laser enrichment technology
Our Mission: to commercialise the unique SILEX laser enrichment technology for application to: For personal use only Uranium production and Silicon enrichment Medical isotope enrichment enrichment (silicon quantum computing) (new cancer therapies) (nuclear power) Our strategy is focused on extractin
Slide 4: Recent Highlights and Developments
Recent Highlights and Developments Global Laser Enrichment (GLE) / SILEX Uranium Enrichment Technology Project: • Through commercialisation of the SILEX technology, GLE is positioning to leverage the ‘Triple Opportunity’ that is emerging today in the global nuclear fuel market • GLE’s owners (Silex
Slide 5: Primary Focus on GLE Commercialisation
Primary Focus on GLE Commercialisation Uranium production and enrichment for nuclear fuel For personal use only • Global nuclear fuel industry undergoing disruptive bifurcation, intensifying the nuclear renaissance in the Western world • GLE and Silex commercialising SILEX technology under favourabl
Slide 6: SILEX Uranium Enrichment Technology: Triple Opportunity for SILEX and GLE
For personal use only SILEX Uranium Enrichment Technology: Triple Opportunity for SILEX and GLE www.silex.com.au www.silex.com.au 6
Slide 7: Nuclear Power is important to achieving Net-Zero
Nuclear Power is important to achieving Net-Zero Nuclear power is a leading source of zero-emissions base load electricity Clean Energy For personal use only Net-Zero 2050 Low Cost 24/7 Reliability LCOE1 ~ US$70/MWHr Base Load Stability Nuclear Power Highest Capacity Factors Clean Electricity for (>
Slide 8: Significant Nuclear Power Growth to achieve Net Zero by 2050
Significant Nuclear Power Growth to achieve Net Zero by 2050 Nuclear Generation Growth Scenarios World Nuclear Power Reactor Population TWh 7,000 in 28 countries For personal use only 6,000 209.6% in 17 countries Net Zero in 15 countries in 31 countries Accelerated 5,000 176.8% New Momentum 4,000 Nu
Slide 9: World's Largest Producers of Nuclear Power
World’s Largest Producers of Nuclear Power Conventional Large-Scale Reactor Population Total Operable Reactor Units (Top 10) USA 94 (96,952 MWe) For personal use only China 56 (54,362 MWe) France 56 (61,370 MWe) Total of 439 Russia 36 (26,802 MWe) Operable Reactors Japan 33 (31,679 MWe) Worldwide So
Slide 10: US Uranium and Enrichment Vulnerability
US Uranium and Enrichment Vulnerability US currently imports ~95% of its uranium requirements and ~70% of its enriched uranium requirements: Uranium purchased by owners and operators of U.S. civilian nuclear power reactors, 2013-2023 Enrichment purchased by owners and operators of U.S. civilian Mill
Slide 11: Emerging Nuclear Fuel Supply Opportunities for GLE
Emerging Nuclear Fuel Supply Opportunities for GLE Uncovered Uranium Base Case Demand © UxC Million SWU © UxC Million U3O8 Uncovered SWU Base Case Demand 275 90 250 80 225 For personal use only 70 200 60 175 150 50 Non-U.S. Utilities Non-U.S. Utilities 125 United States 40 United States 100 Total Re
Slide 12: Nuclear Fuel Supply Chain and Evolving Issues
Nuclear Fuel Supply Chain and Evolving Issues The Nuclear Fuel Supply Chain For personal use only SILEX/GLE Opportunities Issues facing the Global Nuclear Fuel Supply Chain: • Western supply chain recent history – curtailments and under-investment in resources and production capability • Supply chai
Slide 13: US and EU Nuclear Fuel Requirements Supplied by Russia
US and EU Nuclear Fuel Requirements Supplied by Russia Russian Share of Global EU Nuclear Fuel US Nuclear Fuel Production Capacity1 Supplied by Russia2 Supplied by Russia1,3 Uranium (U3O8) ~14% ~17% ~12% For personal use only Conversion ~22% ~22% ~18% Enrichment (SWU) ~44% ~30% ~27% • Major concerns
Slide 14: Favourable Nuclear Fuel Market Price Trends
Favourable Nuclear Fuel Market Price Trends For personal use only Source: UxC • Global nuclear fuel markets reflect a bifurcating industry in response to Russia’s invasion of Ukraine and nuclear fuel sanctions/prohibitions • Uranium term prices reflect the significant increase in term contracting as
Slide 15: GLE's Commercialisation Activities for the SILEX technology
GLE’s Commercialisation Activities for the SILEX technology Current favourable market conditions support GLE’s commercialisation plans: • GLE’s joint venture owners, Silex and Cameco, approved a plan and budget for GLE in CY2024 that continues the support of activities in the full-scale pilot techno
Slide 16: GLE's Potential Timeline for Commercialisation of SILEX technology
GLE’s Potential Timeline for Commercialisation of SILEX technology1 For personal use only www.silex.com.au www.silex.com.au 16
Slide 17: Status of Technology Pilot Demonstration Project
Status of Technology Pilot Demonstration Project1 Significant progress towards pivotal TRL-6 technology demonstration continues: Integrated TRL-6 Pilot Demonstration Facility: For personal use only SILEX Technology Process Diagram • Integrated Pilot Demonstration Facility now complete and includes t
Slide 18: GLE's PLEF Production Plant Opportunity
GLE’s PLEF Production Plant Opportunity The PLEF Triple Opportunity Paducah Laser Enrichment Facility – an opportunity to deploy the SILEX technology in the US: • PLEF UF6 Production: Production of up to 5 million pounds (equivalent) natural grade uranium (as UF6) annually for up to 30 years – For p
Slide 19: GLE's PLEF Commercial Plant Opportunities
GLE’s PLEF Commercial Plant Opportunities For personal use only Source: GLE, PLEF Commercial Plant (conceptual) www.silex.com.au www.silex.com.au 19
Slide 20: PLEF UF6 Production Opportunity
PLEF UF6 Production Opportunity (Natural UF6 production from tails) Akin to a ‘Tier 1’ Advancing activities Equivalent U3O8 with aim to commence Uranium Resource* Production For personal use only initial commercial Based on low cost and longevity of production Up to 5 million lbs p.a. for operations
Slide 21: GLE Value Proposition for Silex
GLE Value Proposition for Silex* 1) GLE Equity – Minimum 25%: • Silex currently holds 51% – Cameco has a call Option to acquire an additional 26% at fair market value • Option window opened 1 February 2023 – closes 30 months after successful TRL-6 demonstration For personal use only • Either way, Si
Slide 22: Significant Additional Opportunities
Significant Additional Opportunities For personal use only Silicon enrichment Medical isotope enrichment (silicon quantum computing) (new targeted beta cancer therapies) • SILEX technology proven capable of producing highly enriched silicon • Medical isotope project aiming to develop a process to en
Slide 23: Summary
Summary • GLE’s path to market is underpinned by the PLEF UF6 project for cost effective production of natural uranium (in the form of UF6) and significant value of conversion contained in GLE’s feed inventories • ‘Triple Opportunity’ includes potential to add SILEX production capacity to produce LE
Slide 24: Thank you
For personal use only Thank you www.silex.com.au www.silex.com.au 24