Silex Systems Limited · ASX:SLX
Silex Systems — Investor Presentation (February 2022)
29 slides from Silex Systems's investor presentation, Feb 24, 2022
Slide 1: Silex Systems Limited Investor Presentation
For personal use only Silex Systems Limited Investor Presentation (ASX: SLX) (OTCQX: SILXY) Dr Michael Goldsworthy CEO/Managing Director 24 February 2022 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) For personal use only Silex Systems Limited ABN 69 003 372 067 (Silex or Company) is a research and development company whose primary asset is the SILEX laser enrichment technology, originally developed
Slide 3: Our Mission: commercialise the 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 (silicon Other potential markets (e.g. enrichment (nuclear power) quantum computing) medical isotopes) Our strategy is focused on extracting
Slide 4: Highlights of the last months
Highlights of the last 12 months For personal use only SILEX Uranium Enrichment Technology / GLE Highlights: • GLE acquisition completed January 2021 - resulting in Silex acquiring a 51% interest in GLE (Cameco 49%) • GLE recruited key executives – CEO and CCO with extensive technical and commercial
Slide 5: Uranium Production and Enrichment for Nuclear Fuel
For personal use only Uranium Production and Enrichment for Nuclear Fuel www.silex.com.au 5
Slide 6: Evolution of Enrichment Technology
Evolution of Enrichment Technology For personal use only 1st Generation Technology 2nd Generation Technology 3rd Generation Technology Gaseous Diffusion Centrifuge SILEX Laser Very low efficiency Modest efficiency High efficiency High cost Lower cost Anticipated to be lowest cost Obsolete Current te
Slide 7: SILEX Uranium Production Opportunity
SILEX Uranium Production Opportunity For personal use only Global demand for Uranium is set to rise: A significant potential uranium supply shortage is forecast1 • Structural supply deficit could occur without a timely increase in production • Demand could increase significantly if zero-emissions nu
Slide 8: SILEX Technology and Nuclear Fuel Production
SILEX Technology and Nuclear Fuel Production For personal use only The SILEX technology provides GLE with multiple opportunities in the production of nuclear fuel: • produce natural grade uranium via enrichment of depleted tails inventories (Paducah project) • capture the value of conversion contain
Slide 9: The Paducah Opportunity Potential Value Chain
The Paducah Opportunity Potential Value Chain ‘Full Service’ Nuclear Fuel Materials Concept For personal use only SILEX Technology Depleted UF6 Tails Uranium Production LEU / LEU+ Production HALEU Production GLE-DOE Agreement up to 5M lbs/yr for 30 years ~2 MSWU1/yr Enrichment 100+ Tons/yr – by 2030
Slide 10: Paducah Uranium Production Opportunity
Paducah Uranium Production Opportunity For personal use only Akin to a ‘Tier 1’ Target Commercial Uranium Resource* Equivalent U3O8 Operation Date Based on low cost and Production longevity of production Planning for up to 5 million lbs Anticipated to be late 2020’s (Silex estimate of all-in cost p.
Slide 11: SILEX Commercialisation and Royalty Agreement
SILEX Commercialisation and Royalty Agreement For personal use only • GLE holds exclusive worldwide license for use of SILEX laser technology for uranium enrichment Paducah, KY Enrichment Plant Site • License agreement includes US$20 million in payments to Silex triggered by commercial development m
Slide 12: Emerging Opportunity – Small Modular Reactors (SMRs)
Emerging Opportunity – Small Modular Reactors* (SMRs) For personal use only • Several next generation advanced SMR designs will use High Assay Low Enriched Uranium (HALEU) • SILEX technology may provide a flexible low cost alternative to produce HALEU for advanced SMRs • SMRs are modular, smaller si
Slide 13: SMRs have potential to provide next-generation zero-emissions base load electricity
SMRs have potential to provide next-generation zero-emissions base load electricity For personal use only Transition to next Facilitating access generation lower to nuclear energy in cost, flexible nuclear new sectors and/or power regions Complementing Decarbonising variable renewable energy systems
Slide 14: Estimated SMR Capacity in 2035 by Region
Estimated SMR Capacity in 2035 by Region OECD/NEA 2016 Analysis For personal use only Source: Small Modular Reactors: Challenges and Opportunities, NEA No. 7560, © OECD 2021 • High case scenario forecasts over 20,000 MWe installed by 2035 www.silex.com.au 14
Slide 15: Nuclear Power and the Nuclear Fuel Market Opportunity
For personal use only Nuclear Power and the Nuclear Fuel Market Opportunity www.silex.com.au 15
Slide 16: Why Nuclear Power is important to achieving Net-Zero
Why Nuclear Power is important to achieving Net-Zero Nuclear power is currently the only economic source of zero-emissions base load electricity For personal use only Clean Energy Zero-Emissions Low Cost 24/7 Reliability LCOE1 ~ US$70/MWHr Base Load Stability Nuclear Power Highest Capacity Factor Cl
Slide 17: Significant Nuclear Power Growth for Net Zero 2050
Significant Nuclear Power Growth for Net Zero 2050 For personal use only Nuclear Generation Scenarios World Nuclear Reactor Population TWh 8,000 Net Zero 263% 7,000 Rapid 6,000 Business-as-usual 204% 5,000 4,000 140% 3,000 2,000 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 Source: BP Energ
Slide 18: Uranium Market Outlook – Supply Shortage Forecast
Uranium Market Outlook – Supply Shortage Forecast For personal use only Mid-Case Uranium Supply and Demand Forecast Million pounds U3O8 © UxC World Market Demand Range 300 275 250 225 200 175 150 125 100 75 50 25 0 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 S
Slide 19: Uranium Price – Price Recovery Underway
Uranium Price – Price Recovery Underway For personal use only Uranium Long-Term Base Price Forecast Year Source: UxC Uranium Market Outlook, Q4 2021 • UxC forecasts mid-case term uranium price ~$55/lb by 2025 and ~$70/lb by 2030 • Spot price now around $43/lb – up from a low of ~$18/lb in 2016 • Spr
Slide 20: Paducah Opportunity may help address US Uranium Vulnerability
Paducah Opportunity may help address US Uranium Vulnerability For personal use only Uranium purchased for U.S. nuclear power reactors, 2010 - 2020 Million pounds U3O8 equivalent 60 US Imports ~90% (avg.) of Uranium purchased 50 40 30 20 10 - 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 U.S
Slide 21: Zero-Spin Silicon for Quantum Computing
For personal use only Zero-Spin Silicon for Quantum Computing www.silex.com.au 21
Slide 22: SILEX Zero-Spin Silicon Opportunity
SILEX Zero-Spin Silicon Opportunity For personal use only Global race to develop world’s first Quantum Computers • QC’s expected to be 1000’s of times more powerful than today’s conventional computers • QC anticipated to create new opportunities in medicine, AI, cybersecurity, finance, logistics etc
Slide 23: SILEX Project for ZS-Si production gathering momentum
SILEX Project for ZS-Si production gathering momentum For personal use only • Project partners SQC and UNSW part of the Federally funded ‘CQC2T Centre of Excellence’ ZS-Si for Silicon Quantum Computing – a world leader in silicon-based QC technology development • 3-year project cost ~$8m (includes p
Slide 24: SILEX Zero-Spin Silicon Production Opportunity
SILEX Zero-Spin Silicon Production Opportunity For personal use only Aim Production Target Commercial Commercial pilot scale establish a reliable and Operation Date production of up to 5 kgs per economic supply of high purity 2023 year, anticipated to increase ZS-Si over the next decade Commercial Z
Slide 25: cREO Advanced Semiconductor Technology
For personal use only ® cREO Advanced Semiconductor Technology (Nb. Not related to the SILEX laser enrichment technology) www.silex.com.au 25
Slide 26: cREO Advanced Semiconductor Opportunity
cREO® Advanced Semiconductor Opportunity For personal use only IQE’s 5G Filter Solution – IQepiMo™ based on cREO® Silex’s cREO® Advanced Semiconductor materials • cREO® technology purchased by IQE (AIM: IQE) in 2018 with US$5m payment • IQE is a global leader in supply of advanced wafer products for
Slide 27: Summary
For personal use only Summary www.silex.com.au 27
Slide 28: Summary
Summary For personal use only GLE JV (Silex 51% and Cameco 49%) aiming to demonstrate SILEX uranium enrichment technology at commercial pilot scale (TRL-6) by the mid 2020’s GLE’s path to market focused on the Paducah opportunity - large, cost effective uranium production project with additional sco
Slide 29: Thank you
For personal use only Thank you 29
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