Cauldron Energy Limited · ASX:CXU
Cauldron Energy — Investor Presentation (June 2024)
28 slides from Cauldron Energy's investor presentation, Jun 20, 2024
Slide 1: Uranium to fuel Net Zero
ASX: CXU Cauldron Energy Limited ABN 22 102 912 783 For personal use only Uranium to fuel Net Zero June 2024 Jonathan Fisher Chief Executive Officer jonathan.fisher@cauldronenergy.com.au @cxuasx 1
Slide 2: Company Highlights
Company Highlights Uranium focussed; globally significant industry player. Multiple positive factors driving investor interest. • Nuclear recognised as critical to delivering baseload electricity for a low carbon future For personal use only Uranium Bull • Fundamental mis match of future demand and
Slide 3: Corporate Overview
Corporate Overview Right team, right commodity, right project, massive potential Company Details Highly Experienced Management Team For personal use only Company ASX Code CXU Share Price as at close of market 14 June 2024 2.7c Ian Jonathan Fisher 12 month Low / High 0.6c – 5.8c Mulholland CEO Chairm
Slide 4: Yanrey Drilling Programme
Yanrey Drilling Programme Crews on the ground; commencement of 25,000m CY24 drill program is imminent For personal use only 4
Slide 5: Separate Issues: Uranium Mining and Nuclear Reactors
Separate Issues: Uranium Mining and Nuclear Reactors Important to distinguish between the issues; while related; they are driven by different factors and have different politics. URANIUM MINING IS A NO BRAINER FOR WA; AUKUS helps the cause For personal use only Left: Boss Energy Honeymoon mine in SA
Slide 6: Global Nuclear in Overdrive
Global Nuclear in Overdrive Nuclear is recognised as a core technology to achieve Net Zero; and projections for its use are skyrocketing. Existing Modelling Showing MASSIVE Even under REFERENCE scenario, EVEN HIGHER - COP28 pledge to TRIPLE Increase in capacity MASSIVE shortfall in Uranium supply nu
Slide 7: Russian Ban AND Sapporo – Bifurcation is Here to Stay
Russian Ban AND Sapporo 5 – Bifurcation is Here to Stay The long term nature of the bifurcation increases the importance of securing the nuclear value chain from aligned partners. AUSTRALIA SHOULD BE DOING MUCH, MUCH MORE TO HELP US Ban on Russian Uranium Sapporo 5 Alliance For personal use only Sou
Slide 8: The Uranium Should Come from Australia
The Uranium Should Come from Australia World leading mining jurisdiction; geopolitically aligned and with significant expertise Australia has world largest resources Australian Production Trend (ASNO data) Australian Advantages For personal use only Country Tonnes U Percentage of • Long history of s
Slide 9: A Quick Word on WA – lifting of Uranium ban
A Quick Word on WA – lifting of Uranium ban is becoming critical for the State Promotion of a uranium industry will help insulate the state from major job losses that are starting to be felt in the battery minerals sector and impending headwinds in Iron Ore (due to Simandou) For personal use only No
Slide 10: Recent WA Advocacy from Cauldron
Recent WA Advocacy from Cauldron Cauldron is at the forefront of the push to change the policy in WA. This is appreciated by investors. For personal use only Source: Finance News Network 17 January 2024 Source: The Australian, 18 September, 2023 https://www.finnewsnetwork.com.au/archives/finance_new
Slide 11: Community Discussion and Investor Engagement
Community Discussion and Investor Engagement Momentum is building towards a change in policy on both the uranium and nuclear front; Cauldron at the forefront of elevating the dialogue and keeping shareholders informed and engaged. 1 8 9 For personal use only 2 3 4 6 7 5 1 Spectator, 28 Sept 2023, ht
Slide 12: AUKUS Implementation in WA and Uranium Policy
AUKUS Implementation in WA and Uranium Policy Work is full steam ahead in WA implementing AUKUS and building infrastructure. As this progresses, it highlights the inconsistency of the uranium mining ban. • From 2027 nuclear subs will a rotational presence at HMAS Stirling (Perth, WA) For personal us
Slide 13: Liberals WA Policy Announcement
Liberals WA Policy Announcement The WA Libs announced has crystallised significant support across the sector; and generated massive media interest. For personal use only 13
Slide 14: What do the 2023 Polls say in Australia?
What do the 2023 Polls say in Australia? A plethora of different polls – All showing support for nuclear / uranium. Nuclear Energy – Essential Poll 30 Uranium Mining in WA – Minerals ABC poll from Q and A – Nuclear Oct 2023 Council, 2023 Energy For personal use only Do you Support Uranium Mining in
Slide 15: Denouncing the suggestion that WA can't do this safely
Denouncing the suggestion that WA can’t do this safely ✓ Highly supportive South Australian Labor Government and SA Environmental Protection Authority (EPA) Just look over the ✓ Union AMWU (SA Branch) supportive of uranium – same union where WA branch is border – SA has anti-uranium – shows lack of
Slide 16: How Uranium is Safely Exported from Australia
How Uranium is Safely Exported from Australia Uranium is transported on public roads and exported through container ports. Production Mine to Port At the Port For personal use only 1 3 5 1 Drums on the production line at Olympic Dam, SA 2 ASNO Inspectors inspecting inventory, Beverley 3 Securing dru
Slide 17: What does a Uranium Mining Industry Bring to WA?
What does a Uranium Mining Industry Bring to WA? For personal use only Broader economic Thousands of New Jobs! Financial impacts for the state benefits for the State ✓ Exploration activity ✓ New Royalties ✓ Diversification (jobs, commodity price, etc) ✓ New project builds ✓ Income Taxes ✓ Site opera
Slide 18: Yanrey Scoping Study – Compelling Economics
Yanrey Scoping Study – Compelling Economics1 Stage 1 scoping study shows highly attractive economics at prevailing market prices. NPV10 (pre tax) IRR (pre tax) For personal use only Payback Period Upfront Capital A$449M 79% 1.5 yrs A$118M Assuming US$75/lb and 0.70 Assuming US$75/lb and 0.70 AUD:USD
Slide 19: Benefits of Potential ISR (In Situ Recovery)
Benefits of Potential ISR (In Situ Recovery) ISR has completely transformed the uranium production market; assets amenable to ISR are therefore highly sought after. • Most popular and fastest growing process route for global uranium production For personal use only Amenability to ISR can trump head
Slide 20: Yanrey: Globally Significant / Potential to Grow Substantially
Yanrey: Globally Significant / Potential to Grow Substantially High quality foundation asset with significant potential for growth; Planning for drill campaign underway (PoW recently approved by DMIRS) Location Regional factors Commentary For personal use only • Other major deposits in region, e.g.
Slide 21: Yanrey - Bennet Well Deposit
Yanrey - Bennet Well Deposit Significant Resource with multiple high priority extension targets. Resource Grade Contained Contained Tonne Category Metal Metal For personal use only (ppm s (Mt) (150 cutoff) eU 3O8) Oxide (t) Oxide (Mlb) Indicated 21.9 375 8,230 18.1 Inferred 16.9 335 5,670 12.5 Signi
Slide 22: Yanrey Exploration Target
Yanrey Exploration Target1 Significant number of high priority targets; to be drill tested in coming months. Maximum grade intersected to Target Size Number of Holes Proposed Tonnage and Grade Range Area Target Area ID Exploration Target Tonnes Grade date Category to Test Target in 2024 (Mt) (ppm eU
Slide 23: Project Next Steps
Project Next Steps Near term milestones focused on Melrose and Yanrey. For personal use only Engage market re broader Complete Scoping Study Expanded Heritage Survey Undertake approved drill Commence PFS uranium and nuclear policy (largely internal work) with indigenous partners campaign Yanrey Uran
Slide 24: Contacts
Contacts For personal use only Jonathan Fisher Chief Executive Officer jonathan.fisher@cauldronenergy.com.au Michael Fry Director / CoSec Michael.fry@cauldronenergy.com.au @cxuasx 24
Slide 25: Important Information
Important Information This Presentation may include statements that could be deemed ‘forward looking statements.’ Although the Company believes th e expectations Forward Looking Statements expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guara
Slide 26: Competent Person Information Statement - Yanrey Project
Competent Person Information The information in this Presentation that relates to Exploration Targets and Exploration Results that relates to the Yanrey Project is extracted from a For personal use only Competent Person report released to the ASX on 24 January 2024 titled “Yanrey Project Exploration
Slide 27: Mineral Resources – Bennett Well Deposit
Mineral Resources – Bennett Well Deposit The Mineral Resource (JORC 2012) estimate is: Inferred Resource: 16.9 Mt at 335 ppm eU3O8 for total contained uranium-oxide of 12.5 Mlb (5,670 t) at 150 ppm cut-off. Indicated Resource: 21.9 Mt at 375 ppm eU3O8 for total contained uranium-oxide of 18.1 Mlb (8
Slide 28: Yanrey Uranium Project – Exploration Target
Yanrey Uranium Project – Exploration Target The Exploration Target for the Yanrey Uranium Project incorporates work programmes conducted in recent years (post 2015) and encapsulates the Basis of Determination + twenty-two (22) target areas as set out the Exploration Target for Yanrey Uranium Project