Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Investor Presentation (September 2024)
15 slides from Peninsula Energy's investor presentation, September 2024
Slide 1: Advancing the World-Class Lance Uranium ISR Project Toward Production
A DVA N CIN G T HE W O R LD - CL A SS L A N CE UR A NIUM ISR PR OJECT TO WA R D PR O D U CTIO N S e p t e m b e r 2 0 24 ASX:PEN; OTCQB:PENMF 1
Slide 2: Important Disclosures and Disclaimers
Im p o r t a nt D i s cl o s u re s a n d D i s cl a i m e r s Summary Cautionary & Inferred Resources Notice This Presentation contains summary information about the current activities of Peninsula Energy Limited (the “Company”) as at the date of this Presentation. The information in this Presentat
Slide 3: Company Highlights
Co m p a n y Hi g hli g h t s The next ASX-listed uranium company set to enter production with a world-class asset in a tier-1 jurisdiction A$280m Market Capitalisation (As of 29 Aug 2024) On-track for resumption of production in late 2024 Strong financial position with current cash balance expected
Slide 4: The Lance Projects – Wyoming, USA
T h e La n c e Pro j e c t s – W y o mi n g , US A • Ross Production Project Area • Fully licensed uranium ISR production project • Home of the project facilities and central process plant • Estimated remaining Resource of 6.4 Mlbs U3O8 • 2 previously operated Mine Units (MU-1 and MU-2), with potent
Slide 5: Lance Project JORC Resource
La n c e Pro j e c t J O R C R e s o u rc e U3O8 U3O8 Tonnage Metal Grade Permit Area (Mtonnes) (ppm U3O8) (Ktonnes) M lbs Ross One of the Largest Uranium ISR Projects Measured 1.5 0.8 510 46 1.7 Indicated 3.1 1.4 3.1 in the United States Inferred 1.5 0.7 0 450 1.5 Total 6.1 2.9 470 6.4 Kendrick Mea
Slide 6: Lance Project Upgrade Activities (2019 - Present)
La n c e Pro j e c t Up g ra d e A c t i v i t i e s ( 2019 - Pre s e nt ) Process Plant Phase II Upgrade 1. Transition to low-pH recovery - Complete • Low-pH uranium in-situ recovery is the most widely ➢ Previous U3O8 utilized method for uranium production Processing Toll “Dry Circuit Processing Ye
Slide 7: Construction Progress and Wellfield Development
Co n s t r u c t i o n Pro g re s s a n d We ll f i e l d D e v e l o p m e nt Phase II Plant Expansion Update • Activities to expand the plant are progressing rapidly with 70 workers reporting on site daily around the clock • All major process equipment is ordered for on schedule delivery • Auxilia
Slide 8: Pre-Production Operational Activities
Pre - Pro d u c t i o n O p e ra t i o n a l A c t i v i t i e s Wellfield Preconditioning Process Optimisation Testing • Mine Unit 1 preconditioning operations commenced • Laboratory and Pilot scale process demonstrations in July • Objectives Include • Lowering the pH in the wellfield area to prepa
Slide 9: Estimated Lance Project Timeline
Es t i m a t e d La n c e Pro j e c t T i m e li n e May 2024 Q3 2024 End of 2024 Q3 2025 Commencement Commence Plant Project Projected of Plant MU’s 1 & 2 Commissioning/ to Achieve Expansion Pre-conditioning Low pH-ISR Sustainable Construction Production Start Positive Free Cash Flow May-Aug 2024 Q
Slide 10: Ready to Deliver into a Robust North American Market
R e a d y to D e li v e r into a R o b u s t N o r t h A m e ri c a n Ma rket Bolstering the domestic supply chain • US ban on Russian sourced uranium has unlocked $2.72 Uranium Price History billion of funding in support of domestic nuclear fuel supply USD/lb • Acceleration of nuclear technology de
Slide 11: Offtake Contracts Sales Profile
O fft a k e Co nt ra c t s S a l e s Prof il e Contracted Sales Profile Offtake Contracts 1,200 • Peninsula has 6 existing offtake contracts covering ~40% of planned production over next ten years 1,000 • Committed to deliver 6.0 Mlbs from 2025 - 2033 • 2025 contracted sales at 467 klbs, well within
Slide 12: Exploration Upside
Ex p l o ra t i o n Up s i d e Lance Project • Exploration Target of 104 – 163 Mlbs eU3O8 - Based on a combination of past exploration results and proposed exploration programmes1 • Greater than 300 linear km of redox fronts (mapped in red) • Fronts defined by wide spaced drilling are mapped linearl
Slide 13: Contact Details
Co nt a c t D et a il s REGISTERED OFFICE Units 32/33, Level 3 22 Railway Road Subiaco, Western Australia 6008 Australia Phone: +61 8 9380 9920 www.pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO email: info@pel.net.au 13 Not for distribution or release in the United States
Slide 14: Appendix – Resources
A p p e n di x 1 – R e s o u rc e s Lance Projects Resource Estimate as at 31 December 20231 Classification Tonnes U3O8 Grade U3O8 (million) (Mkg) (ppm U3O8) (Mlbs) Measured 3.3 1.7 510 3.8 Indicated 11.0 5.6 510 12.4 Inferred 38.3 18.9 490 41.7 Total 52.6 26.3 500 58.0 Dagger Resource Estimate as a
Slide 15: Appendix - Lance Exploration Target Additional Disclosure
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re Exploration Target1 The Lance Projects cover a significant proportion of the Powder River Basin. Cretaceous sandstones of Wyoming, which are believed to represent an Exploration Target of between 104 and 16
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