Neo Energy Metals Plc · LSE:NEO
Neo Energy Metals — Investor Presentation (May 2026)
19 slides from Neo Energy Metals's investor presentation, May 2026
Slide 1: Building South Africa's next Uranium and Gold Producer
Building South Africa’s next Uranium and Gold Producer Theo Botoulas CEO De Wet Schutte CFO Investor presentation May 2026 1
Slide 2: Forward Looking Statements
Forward Looking Statements IMPORTANT NOTICE Order (or individuals in their capacities as directors, officers or employees of such entities); (iv) “sophisticated investors” as You must read the following disclaimer before continuing. This disclaimer applies to the materials following this page define
Slide 3: Progress Timeline
Progress Timeline Key milestones achieved 2026 2026 MAY – NOVEMBER 2025 DECEMBER 2025 – FEBRUARY 2026 MARCH – MAY 2026 • SARB approvals secured (13 May): ZAR 1.2bn • FY2024 Annual Financial Report published (4 Dec); • FY2025 Annual Financial Report published (4 Mar); intercompany loan facility; Siba
Slide 4: Investment Highlights
Investment Highlights Neo's strategy is capital-efficient by design: re-commissioning existing infrastructure and advancing assets that have already cleared significant technical and permitting hurdles TWO COMPLEMENTARY ASSETS WHY NOW NEW BEISA | Free State • Global uranium demand entering a sustain
Slide 5: Investment Highlights – Key Metrics
Investment Highlights – Key Metrics Comparative project metrics at current uranium price (~US$80/lb). Both assets are in production-oriented jurisdictions with established infrastructure PROJECT METRICS AT A GLANCE WHERE WE OPERATE NEW BEISA | Free State HENKRIES | Northern Cape Resource (U) 26.8 Ml
Slide 6: Uranium Market Fundamentals
neo energy metals Uranium Market Fundamentals A new nuclear era – and a new geopolitical imperative THE SUPPLY-DEMAND DISCONNECT THE NEW GEOPOLITICAL IMPERATIVE 350 Supply deficit projections (Mlbs) Nuclear capacity surging Uranium reclassified as a US Critical Mineral Supply Demand 440 reactors ope
Slide 7: Gold Market Fundamentals
Gold Market Fundamentals Record gold prices reflect structural demand that goes well beyond safe-haven buying THE GOLD PRICE RALLY Gold spot price (US$/oz) | 2015–2026 Price at record highs US$3,200+/oz May 2026 Gold surpassed US$3,000/oz in Q1 2025; trading above US$3,200/oz in May 2026 3,200 Struc
Slide 8: New Beisa – Asset Overview
New Beisa – Asset Overview Brownfield uranium and gold project near Virginia, Free State. More than US$500 million in historical capital investment. Implementation assessment in progress. Gold production first INFRASTRUCTURE • More than US$500 million in historical capital investment; placed on care
Slide 9: The Sibanye-Stillwater Relationship
The Sibanye-Stillwater Relationship Sibanye-Stillwater: a global mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents What Sibanye gets What Sibanye brings • Sibanye operates adjacent gold mines; Sibanye-Stillwater retains a major
Slide 10: Henkries – Near-Surface Uranium
Henkries – Near-Surface Uranium Near-surface uranium deposit, Namaqualand, Northern Cape. Mining Right Application accepted by the DMPR. Established feasibility economics DEPOSIT OVERVIEW PROJECT ECONOMICS (FEASIBILITY STUDY, 2024) • Palaeochannel-hosted uranium in soft, unconsolidated sands; surfac
Slide 11: Development Roadmap
Development Roadmap Near-term milestones only. Medium-term development at New Beisa and Henkries subject to financing and regulatory approvals 2026 2027 IMMEDIATE PRIORITIES DEVELOPMENT PRODUCTION • Sibanye-Stillwater Section 11 ministerial consent – decision required on or before 6 June • Secure fu
Slide 12: Corporate Structure and Capital Markets
Corporate Structure and Capital Markets 30-year mine life extension – subject to a study Current structure (as of October 2025) Listing Peer comparison – African • Listing: LSE Main Market (LSE: NEO) | A2X uranium developers Markets (A2X: NEO) 3 • JSE Main Board listing planned – targeted mid- 2,6 F
Slide 13: Board of Directors
Board of Directors Independent, experienced, and operationally grounded. All four board committees are constituted Neal Froneman Sajjad Sabur John Wallington Johan Reeder Independent Non-Executive Chairman Independent Non-Executive Director Independent Non-Executive Director Independent Non-Executiv
Slide 14: Executive Team
Executive Team Operational depth, capital markets experience, and direct knowledge of Neo Energy’s assets Theo Botoulas De Wet Schutte Frederik Brand Board and executive team: Chief Executive Officer | Executive Director Chief Financial Officer | Executive Director Head of Governance and Legal Combi
Slide 15: Appendix 1: Responsible Development
Appendix 1:Responsible Development Responsible development is a condition of licence, not a marketing position. Neo starts from that reality ENVIRONMENTAL SOCIAL GOVERNANCE Starting from an established baseline B-BBEE and ownership Board and committees • Uranium mining carries a well-documented envi
Slide 16: Appendix 2: Technical details
Appendix 2: Technical details Additional information for technical review New Beisa – mining method Resource classification • Conventional underground mining (scattered mining) • SAMREC Code: South African Mineral Resource Committee Code (2016) • Reef: Beisa Reef; average width approximately 1.0–1.2
Slide 17: Appendix 3: South Africa: Nuclear and Mining Regulatory Framework
Appendix 3: South Africa: Nuclear and Mining Regulatory Framework • More than 70 years continuous uranium production; fully integrated industry from mining through to yellowcake export • Key facilities: Pelindaba (nuclear research), NUFCOR (processing and marketing), Koeberg (only commercial nuclear
Slide 18: Appendix 4: Glossary
Appendix 4: Glossary Mining and Geology terms • Brownfield: previously developed mining area with existing infrastructure • Cut-off grade: minimum grade for material to be classified as ore • g/t: grams per tonne | kg/t: kilograms per tonne | ppm: parts per million • In-situ: in original position in
Slide 19: Contact
Contact HEAD OFFICE 14 27–28 East Castle Street, London W1W 8DH INVESTOR RELATIONS & STRATEGIC COMMUNICATIONS James Duncan Head of Investor Relations and Strategic Communications Tel:+27 (0) 79 336 4010 Email: james.duncan@neoenergymetals.com INVESTOR & MEDIA ENQUIRIES (UNITED KINGDOM) Tavistock Com