Bannerman Energy Ltd · ASX:BMN

Bannerman Energy — Bannerman Resources — Africa DownUnder Conference 2011

23 slides from Bannerman Energy's conference presentation, Aug 31, 2011

  1. Slide 1: Africa DownUnder Conference

    For personal use only Africa DownUnder Conference Perth, Western Australia 31 August 2011

  2. Slide 2: Technical Disclosures and Forward-Looking Disclaimers

    Technical Disclosures and Forward-Looking Disclaimers 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 f

  3. Slide 3: Corporate Snapshot

    Corporate Snapshot As at August 30, 2011 For personal use only Share price A$0.39 Shares - currently on issue 234 M Shares – fully diluted (for options, rights, convertible note and contingent issues) 276 M Market capitalisation (undiluted) A$91M / US$97M Average daily traded volume in last 12 month

  4. Slide 4: New Reactor Build Outlook

    New Reactor Build Outlook: Countries previously living in energy poverty are rapidly expanding For personal use only # reactors 200 180 Proposed 160 443 reactors operating, Planned 178 under construction, 140 Under Construction 325 planned and proposed 120 Operating Reactors 100 By 2020 the number o

  5. Slide 5: Etango: Advanced, globally significant uranium project

    Etango Advanced, globally significant uranium project For personal use only Scale  6-8 Mlbs U3O8 per annum over +15 year open pit mine life.  212 Mlbs U3O8 resource (top 15 largest undeveloped deposit). Simplicity  Shallow deposit and close to established infrastructure.  Uniform and simple mine

  6. Slide 6: Etango – Top Global Uranium Project

    Etango – Top 15 Global Uranium Project For personal use only Contained Resources (Mlbs U3O8) Developing of Pure Uranium Projects Producing 1,000 856 800 619 Namibia 600 502 488 446 407 400 343 261 256 212* 173 200 101 80 0 Cameco / Kazatomprom Etango Inkai Lethlakane Rössing Husab Elkon Ranger/Jabil

  7. Slide 7: Namibia: Premier uranium mining jurisdiction

    Namibia Premier uranium mining jurisdiction For personal use only  35 years of uranium mining:  Rio Tinto/Rössing. Etango  Paladin/Langer-Heinrich. Uranium  Areva/Trekkopje. Project Swakopmund Windhoek Walvis Bay  4th largest uranium producing country – ambitions to grow.  Stable democratic go

  8. Slide 8: Erongo Uranium Province

    Erongo Uranium Province 212Mlbs U3O8 (Etango), nearby infrastructure & 1,300km2 landholding For personal use only 8

  9. Slide 9: Etango – A Unique Deposit

    Etango – A Unique Deposit For personal use only  Mineralisation starts at surface.  70% of deposit within 200 metres of surface.  ~90% of mineralisation within alaskite.  Low waste/ore ratio of 3.5 to 1. Etango PFS pit design (6km long x 1km wide) - uranium mineralisation shown in green and yell

  10. Slide 10: Etango – A Unique Deposit (Heap Leach Column Tests)

    Etango – A Unique Deposit Granitic – “sand & gravel” like, with no clay  High permeability. For personal use only Close-up image of the base of a 7 metre column test  Uniform leach results.  No acid consuming carbonates.  Little, if no, oxidant required. Heap Leach Column Tests  Geotechnical st

  11. Slide 11: Evolution of the Development Approach

    Evolution of the Development Approach The pursuit of unit cost efficiencies For personal use only PFS DFS • 15Mtpa, with stockpiling of • Resource doubled in the PFS. 5-7Mt of feed per year. Throughput • Up to 20Mtpa. • Production 5-7Mlbspa U3O8. • Production 6-8Mlbspa U3O8. • Optimised for location

  12. Slide 12: Etango – PFS Update (December 2010)

    Etango – PFS Update (December 2010) For personal use only Onkelo • Pre-production capex of Oshiveli US$638M plus US$64M initial mining fleet. N Etango West Waste Rock Dump Deposit East Waste Rock Dump • Operating costs of US$42/lb U3O8, with Anomaly A DFS target of US$38/lb. Crushing Ondjamba Plant

  13. Slide 13: Material Movement Optimisation: Waste Dump Locations

    Material Movement Optimisation Comparison of Waste Dump Locations For personal use only PFS (December 2010) DFS – Work in Progress 13

  14. Slide 14: Material Movement Optimisation

    Material Movement Optimisation Deferral of waste strip on 20Mtpa throughput scenario For personal use only 14

  15. Slide 15: Greater utilisation of existing resources

    Greater utilisation of existing resources For personal use only Hyena Deposit (Inferred resource) Ondjamba Deposit (Inferred resource) Open at depth Resource zones outside pit design Etango Deposit (88% in Measured & Indicated resource categories) 1km 15

  16. Slide 16: DFS Timetable

    DFS Timetable For personal use only Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Qtr Qtr Qtr Qtr Qtr Qtr Qtr PFS Update (Completed) PFS Review (Completed) Assessed opportunities DFS Engineering & DFS identified in Testwork Completion PFS Review On-site pilot plant Linear Initial Infrastructure E

  17. Slide 17: Hanlong Acquisition Proposal

    Hanlong Acquisition Proposal For personal use only  Conditional proposal submitted by Chinese group Sichuan Hanlong Group on 9 July 2011.  Hanlong is seeking to acquire 100% of Bannerman for A$0.612 cash per share by way of a scheme of arrangement.  Hanlong is one of China’s largest privately-own

  18. Slide 18: Highly leveraged to the uranium price

    Highly leveraged to the uranium price For personal use only 18

  19. Slide 19: Investment Highlights

    Investment Highlights The Etango Advantage – Simple, Big & Accessible For personal use only Scale & longevity  6-8 Mlbs per annum over +15 year mine life.  212Mlbs U3O8 deposit. Low technical risk  Uniform and relatively shallow uranium deposit.  Proven mining and processing practices.  Graniti

  20. Slide 20: Scale, Simplicity, Substance

    www.bannermanresources.com For personal use only Scale, Simplicity, Substance

  21. Slide 21: Mineral Resource Statement

    APPENDIX Mineral Resource Statement As at August 2011 For personal use only Etango Project* Mineral Resource Estimate at a cut-off grade of 100ppm U3O8 Category Tonnes Grade Contained U3O8 (Mt) (ppm U3O8) (Mlbs) Measured 62.7 205 28.3 Indicated 273.5 200 120.4 Measured & Indicated 336.2 201 148.7 In

  22. Slide 22: Cash Operating Costs (Dec-2010 PFS Update)

    APPENDIX Cash Operating Costs (Dec-2010 PFS Update) Operating Cost Breakdown For personal use only Consumables, General & Labour, Admin Maintenance & 6% Other • Opportunities identified to 25% Mining 53% reduce opex by 10%. Sulphuric Acid 9% Power Water 6% 1% • Relatively low exposure to sulphuric a

  23. Slide 23: Pre-production Capital

    APPENDIX Pre-production Capital Pre-Production Capital Cost (Dec-2010 PFS Update) Cost Breakdown Mining - For personal use only Establishment Accuracy & Pre-Stripping Mining - Provision 5% Initial Fleet Owner & EPCM 8% 9% 14% Indirects, First Fill Process Plant & & Other 8% Heap Leach Pad 29% • PFS

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