Deep Yellow Limited · ASX:DYL
Deep Yellow — BMO Global Metals, Mining and Critical Minerals Conference 2025
21 slides from Deep Yellow's conference presentation, Feb 26, 2025
Slide 1: Building a Global Uranium Company: Corporate Update
Building a Global Uranium Company Development of the Tumas Project in a Resurging Uranium Market Corporate Update BMO - Global Metals, Mining and Critical Minerals Conference 23-26 February 2025 John Borshoff, Managing Director/CEO Andrew Mirco, Head of Business Development DYL: ASX / NSX (Namibia)
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Deep Yellow Limited Financial Information Forward Looking Statements ABN 97 006 391 948 (Company or Deep Yellow) for general information purposes only. The presentation does not All dollar values are in Australian dollars (A$ or AUD) unless This pres
Slide 3: Disclaimer
Disclaimer This list is not exhaustive of the factors that may affect the Mr Hirsch consents to the inclusion in this presentation of the Company’s forward-looking information. These and other matters based on the information in the form and context in factors should be considered carefully and read
Slide 4: Best Positioned Uranium Mid-Cap Company Globally
Best Positioned Uranium Mid-Cap Company Globally Two long-life advanced projects located in two Tier-1 mining jurisdictions – will Globally provide diversity, security and longevity of supply – key requirements for Offtakers, Diverse Investors and Lenders Near Term Positioned to deliver uranium in t
Slide 5: Uranium Demand and Supply Equation - In Total Mismatch
Uranium Demand and Supply Equation - In Total Mismatch NUCLEAR DEMAND - over past 18 months URANIUM SUPPLY-over the past 18 months DEMAND ABSOLUTELY BOOMING SUPPLY ABSOLUTELY IN DOLDRUMS • China - maintaining strong growth projection • Supply sector has been in decline for over a decade • EU - overw
Slide 6: Zero Emission Targets and Increasing Electricity Needs Cannot be met Without Abundant Nuclear
Zero Emission Targets and Increasing Electricity Needs Cannot be met Without Abundant Nuclear World Electricity Production by Source1 Other Coal Gas Oil Hydropower Nuclear Wind Solar Renewables 36% 23% 3% 15% 10% 6% 4% 3% World electricity production breakdown excludes current and future impact of u
Slide 7: A Top Performer in the ASX200 for FY24
A Top 10 Performer in the ASX200 for FY24 FY24 FY25 2.00 120 1.80 100 1.60 1.40 80 A$/Share1 1.20 US$/lb 1.00 60 EPCM engineer Nedbank 0.80 selected mandate for project finance 40 0.60 Tumas re-costed DFS December 2023 Raised 0.40 $250M Vimy merger Tumas DFS completion 20 completion August 2022 Febr
Slide 8: Uniquely Positioned with Best-in-Class Team
Uniquely Positioned with Best-in-Class Team Capital Structure A Highly Experienced Team with a Proven Track Record Shares 972M Page 1 of 2 and over 500 Years of Combined Uranium Experience Market Cap1 ~A$900M to 1.7Bn across the Company Cash2 A$246M Uranium Senior Team Index ASX200 Exp.(Yrs) Chris S
Slide 9: Globally Diversified with Two Advanced, Long-Life Projects
Globally Diversified with Two Advanced, Long-Life Projects • Project portfolio provides diversity by asset, stage of development and geographic location • One of the largest uranium resource bases of any ASX-listed company (430 Mlb) • Uniquely positioned as one of the few uranium companies globally
Slide 10: Flagship Tumas Project, Namibia
Flagship Tumas Project, Namibia • Uranium and mining friendly jurisdiction. 20–year Mining Licence granted, effective September 2023 Page 1 of 2 • Allows the Project to progress towards production, establishing Tumas as the 4th uranium mine in Namibia • Ore Reserves of 79.5 Mlb - 30-year LOM achieve
Slide 11: Tumas Project – Development Update
Tumas Project – Development Update FID consideration deferred until March 2025 o delayed costings and quotes for equipment and construction, and further project optimisation opportunity identified o confirming a robust advanced greenfield uranium Wide haul road constructed with 100 mm gypsum runni
Slide 12: Mulga Rock East – an expanded opportunity
Mulga Rock East – an expanded opportunity • Extensive resource/reserve upgrade and ore variability Page 1 of 2 drilling programs completed August 2023 Princess • Significant uranium, critical minerals (Cu, Ni, Co, Zn) and magnetic rare earth elements (notably Ambassador Nd/Tb/Dy/Pr) resources identi
Slide 13: Exceptional Exploration Upside
Exceptional Exploration Upside ALLIGATOR RIVER PROJECT, NORTHERN TERRITORY - 100% OMAHOLA BASEMENT PROJECT, NAMIBIA - 100% • Located in the world-class uranium province of • Measured, Indicated and InferredPage Resource base of 1 of 2 Alligator River, which hosts some of the highest-grade 125.4 Mlb
Slide 14: Two Substantial, Advanced Uranium Projects to Produce +7 Mlb
Two Substantial, Advanced Uranium Projects to Produce +7 Mlb Page 1 of 2 Initial Investment Production Mulga Rock Project 1 Tumas Project 2028 3.5 3.5 2026 2.0 3.0 3.6 3.6 3.6 1.5 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Tumas − 30YR LOM Mulga
Slide 15: Key Workstreams and Anticipated Timing
Key Workstreams and Anticipated Timing TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER Page 1M&A of 2 Namibia Western Australia Northern Territory • Q4 2024 – Early works • Q4 2024 –Completion of the • Q1 2025 – Geological surveys • Ongoing - Continued focus commenced on non- non-selective mining study eva
Slide 16: Best Positioned Pure-Play Uranium Investment
Best Positioned Pure-Play Uranium Investment Deep Yellow is successfully establishing the right platform at the right time ready to build greenfield projects when the price is right Uranium market backdrop creates exceptional opportunities in the post-Fukushima supply reconstruction era and taking a
Slide 17: Thank you
Thank you For Further Information T +61 8 9286 6999 E info@deepyellow.com.au W www.deepyellow.com.au @deepyellowltd A black and white logo Description automatically generated LinkedIn American business logo. Social media icon. Black ... deep-yellow-limited 17
Slide 18: Appendix 1 Uranium Equivalents
Appendix 1 Uranium Equivalents U3O8Eq grades are calculated as follows: Page 1 of 2 U3O8Eq = U3O8 + 0.093xCo + 0.028xCu + 0.074xNi + 0.118xREO + 0.009xZn • Those factors were calculated using the assumptions presented in the table below and, based on testwork completed to date, the Company believes
Slide 19: Appendix 2(a) Namibian Mineral Resources
Appendix 2(a) Namibian Mineral Resources Notes: • Figures have been rounded and totals may reflect small rounding errors. • XRF chemical analysis unless annotated otherwise. • # Combined XRF Fusion Chemical Assays and eU3O8 values. • eU3O8 - equivalent uranium grade as determined by downhole gamma l
Slide 20: Appendix 2(b) Australian Mineral Resources
Appendix 2(b) Australian Mineral Resources Notes: • Figures have been rounded and totals may reflect small rounding errors. • XRF chemical analysis unless annotated otherwise. • eU3O8 - equivalent uranium grade as determined by downhole gamma logging. • # Combined XRF Fusion Chemical Assays and eU3O
Slide 21: Appendix 2(c) Ore Reserves
Appendix 2(c) Ore Reserves Notes: • Figures have been rounded and totals may reflect small rounding errors. 1. ASX release 18 December 2024; 2 Feb 2023 ‘Strong Results From Tumas Definitive Feasibility Study’. 2. ASX release 12 July 2017 ‘Significant Resource Update – Mulga Rock Cracks 90 Mlbs’. 21
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