Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Investor Presentation (August 2024)
23 slides from Bannerman Energy's investor presentation, Aug 29, 2024
Slide 1: Investor Presentation August 2024
For personal use only Investor Presentation AUGUST 2024 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) and Etango-XP / XT Scoping Study (Scoping Study), 100% are classified as Measured or Indicated. Bannerman Energy Ltd (Bannerman, the Company) confi
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- generation uranium For personal use only 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: Corporate snapshot
ABOUT BANNERMAN ENERGY Corporate snapshot CAPITAL STRUCTURE SHARE PRICE (ASX: BMN) For personal use only ASX share price (28 Aug 2024) A$2.40 A$5.00 12 month share price range A$1.86 – A$4.87 A$4.00 Shares on issue 178.6 M A$3.00 Market capitalisation A$429 M A$2.00 Options and performance rights 4.
Slide 6: The leading next-generation uranium supplier of choice
INVESTMENT HIGHLIGHTS The leading next- generation uranium For personal use only supplier of choice 1 Licence to operate in Namibia, a stable, highly established uranium jurisdiction 2 Skilled delivery team with deep Namibian uranium expertise 3 Fully permitted with all environmental approvals and M
Slide 7: Licence to operate in Namibia, a stable uranium jurisdiction
INVESTMENT HIGHLIGHTS 1. Licence to operate in Namibia, a stable, highly established uranium For personal use only jurisdiction Recognised tier-one supplier to global utilities Rossing Husab 45-years of uranium production and export Etango Langer Heinrich Three large-scale uranium mines; Top 3 globa
Slide 8: Skilled delivery team with deep Namibian expertise
INVESTMENT HIGHLIGHTS 2. Skilled delivery team with deep Namibian expertise Gavin Chamberlain | Chief Executive Officer • 30+ years in project development/construction & contracting, currently based in Cape Town. For personal use only • Former Regional Director, Mining for AMEC (now Wood plc) and CO
Slide 9: Fully permitted with all environmental approvals and Mining Licence in place
INVESTMENT HIGHLIGHTS 3. Fully permitted with all environmental approvals and Mining Licence in place For personal use only Mining licence Environmental licence Etango Mining Licence awarded CONSENT TYPE DATE ACHIEVED December 2023 ECC 01608 (Etango Project) 5 July 2012 ECC 02193 (linear infrastruct
Slide 10: Strong technical and commercial viability demonstrated via Etango-8 DFS
INVESTMENT HIGHLIGHTS 15 years 113.5 Mt 4. Strong technical and Initial mine life Total ore throughput commercial viability For personal use only demonstrated via 8 Mtpa 240 ppm Etango-8 DFS Throughput capacity Average U3O8 head grade • Conventional open pit mining and heap leach processing at 8Mtpa
Slide 11: Outstanding Etango-8 upside price leverage
INVESTMENT HIGHLIGHTS 4. Outstanding Etango-8 upside price leverage Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes1 For personal use only Net cashflow (post-tax) Post-tax NPV (8%) 4,500 43% 800 57% 141% 614 76% 3,000 2,537 US$mm US
Slide 12: Further in-ground leverage via subsequent growth options
INVESTMENT HIGHLIGHTS 4. Further in-ground leverage realisable via For personal use only ETANGO-XP ETANGO-XT subsequent growth options (EXPANDED SCALE) Average 6.7 Mlbs U3O8 (EXTENDED LIFE) Average 3.5 Mlbs U3O8 output pa (post exp.) output pa • World-class scale Etango deposit can deliver substanti
Slide 13: Further upside price leverage from Etango-XP / XT
INVESTMENT HIGHLIGHTS 4. Further upside price leverage from Etango-XP / XT Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes1 For personal use only Net cashflow (post-tax) Post-tax NPV (8%) Post-tax IRR 6,000 1,200 66% 45% 51% 211% 10
Slide 14: Conventional production, technically de-risked through pilot-plant operation
INVESTMENT HIGHLIGHTS 5. Conventional production, technically de-risked For personal use only 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 15: Long track record of responsibility and sustainability
INVESTMENT HIGHLIGHTS 6. Long track record of responsibility and sustainability Early SRT Environmental For personal use only Mondesa Conservancy Youth Learner Opportunities Assistance Tourism baseline monitoring Program Hospitality Education TOSCO since 2008 Trade Association of Namibia scholarship
Slide 16: Delivering significant, lasting positive social and environmental impact
INVESTMENT HIGHLIGHTS 7. Delivering significant, lasting 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 reactors produ
Slide 17: A clearly defined route for Etango development
THE PATHWAY AHEAD A clearly defined route for Etango development For personal use only Initial early works completed on time and on budget (access road and water pipeline) Detailed design works progressing, and internal access road contracts awarded Bulk earth works commenced with a 2-year contract
Slide 18: The Pathway Ahead: Roadmap to production
THE PATHWAY AHEAD Financing phase Roadmap to production Development phase Production phase q Initial offtake agreements Expansion option Contracting For personal use only q Build / optimise contract portfolio q Strategic / project Financing financing q FID by end 2024 ü FEED/CBE ü Site road Mining l
Slide 19: Mineral Resource Estimate
APPENDIX One of the world’s largest, Mineral Resource Estimate (55ppm U3O8 cut-off)1,3 Tonnes Grade Contained most advanced uranium Resource category For personal use only (Mt) (ppm U3O8) U3O8 (Mlb) Measured 32.4 201 14.3 development assets Indicated 345.7 195 148.5 Inferred 140.6 200 62.0 Total 518
Slide 20: Systematically de-risked through the uranium cycle
APPENDIX 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 Scoping Study Unfolding ASX Study released releas
Slide 21: The uranium market resurgence is unfolding now
APPENDIX 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 growth picture cumulative supply • Emerging Sma
Slide 22: Etango-8 DFS and Etango-XP / XT Scoping Study
APPENDIX Etango-8 DFS and Etango-XP / XT Scoping Study Incorporating completion of the Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) processes Key Metrics Unit Etango-8 Etango-XP (second phase to 16 mtpa) Etango-XT (extended life at 8Mtpa) For personal use only Physicals
Slide 23: Contact Details
CONTACT DETAILS Brandon Munro For personal use only Executive Chairman Phone: +61 8 9381 1436 @Brandon_Munro Gavin Chamberlain Chief Executive Officer Phone: +61 8 9381 1436 Email: info@bmnenergy.com @BannermanEnergy 23
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