Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Q2 2019 Earnings Presentation
15 slides from Peninsula Energy's earnings presentation, Aug 8, 2019
Slide 1: Quarterly Results Webcast Presentation announcement
For personal use only 8 August 2019 Companies Announcement Office Via Electronic Lodgement PENINSULA ENERGY LIMITED QUARTERLY RESULTS WEBCAST PRESENTATION Peninsula Energy Limited (Peninsula) advises that it held an investor update webcast on 7 August 2019 including the attached presentation to cove
Slide 2: June 2019 Quarter Results
June 2019 Quarter Results For personal use only Webcast │ 7 August 2019 ASX:PEN
Slide 3: Disclaimer & Competent Person
Disclaimer & Competent Person For personal use only This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing containe
Slide 4: Agenda
Agenda For personal use only • Highlights of the Quarter 1. Low pH Permitting Approvals 2. Low pH Field Demonstration Success and Planning 3. Lance Results and Activities 4. Quarterly Costs & Cash Flow Analysis 5. Sect. 232 & Working Group 6. Investment Highlights View from Mine Site Access Road Mr.
Slide 5: Low pH Regulatory Approvals
Low pH Regulatory Approvals For personal use only • The Lance Project, Ross Permit Area is Licensed for Low pH ISR • The ONLY US ISR Project authorized to use this industry leading method Permit to Amendment approved on 20 March, 2019 Mine Source Materials Amendment approved on 31 July, 2019 Lic
Slide 6: Low pH Implementation Plan
Low pH Implementation Plan For personal use only Field Trial Demonstrations Phase 1 Successfully lower pH to 2.0 S.U. - Complete Raise pH back to 5.0 S.U. – Under way On submission of Interim Operations Report confirming Phase 2 Phase 1 success, authorized to use low pH in MU’s 1 & 2 Field
Slide 7: Low pH Field Demonstration Success
Low pH Field Demonstration Success For personal use only Phase 1 Status • Mining phase successfully completed • Initial restoration phase started mid-April • Using standard methods of ground water sweep followed by ground water transfer • Initial restoration target is a pH of 5.0 S.U. • Area pH leve
Slide 8: Lance Low pH Transition Planning
Lance Low pH Transition Planning • Regulatory & Technical For personal use only • Progress and complete low pH Phase 1 and Phase 3 demonstrations during 2nd half CY2019 • Continue low pH resin optimisation test work and studies • Low pH Operational Readiness at Lance • Maintaining full operational l
Slide 9: Lance – Alkaline Production Ramped Down in Advance of Low pH Transition
Lance – Alkaline Production Ramped Down in Advance of Low pH Transition • June Quarter Production For personal use only • 8,491 lbs produced in the quarter • No drying run in the quarter – next drying run to occur in August • 106,000 lbs U3O8 sold on 1 April 2019 • Tightly controlled production expe
Slide 10: Quarterly Cost Performance Review
Quarterly Cost Performance Review • Spending discipline continues For personal use only Payments for: Actual Actual Actual Actual F'cast (US$'000) Sep Qtr CY18 Dec Qtr CY18 Mar Qtr CY19 Jun Qtr CY19 Sep Qtr CY19 Exploration & Evaluation 159 394 31 32 100 Development & PPE 327 432 456 132 300 Product
Slide 11: Financial Position
Financial Position Available Cash(1) Balances and Movement For personal use only 12.0 10.0 8.0 US$' million 6.0 4.0 2.0 0.0 31 Mar 19 Sales Production Explor. & Corp & Other Finance Costs Uranium Other 30 Jun 19 Proceeds Costs Devel Purchases • Outflows for June Qtr lower than forecast • Sales proce
Slide 12: Section 232 & Working Group
Section 232 & Working Group • Section 232 Decision For personal use only • Commerce Department recommended implementation of quotas • View of other Departments varied • Pres. Trump formed Nuclear Fuel Working Group with 90-Day review • Executive Branch Nuclear Fuel Working Group • Charged to complet
Slide 13: A Prime Uranium Investment Opportunity
A Prime Uranium Investment Opportunity Investment Criteria Peninsula For personal use only Significant US uranium production asset – with a major project transformation in progress Experienced technical, commercial & financial team Ability to rapidly expand production rates Low current CAPEX require
Slide 14: Questions & Answers
For personal use only Questions & Answers 13
Slide 15: Contact Details
For personal use only Contact Details REGISTERED OFFICE Unit 32/33, Level 3, 22 Railway Road Subiaco, Western Australia 6008 Australia www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director +61 8 9380 9920 14