Deep Yellow Limited · ASX:DYL
Deep Yellow — Investor Presentation (May 2023)
31 slides from Deep Yellow's investor presentation, May 9, 2023
Slide 1: Building a Global Tier-1 Uranium Company
Building a Global Tier-1 Uranium Company Investor Presentation John Borshoff - MD/CEO 9 May 2023 DYL: ASX / NSX (Namibia) DYLLF: OCTQX www.deepyellow.com.au
Slide 2: Best Positioned Junior Globally
Best Positioned Junior Globally Deep Yellow has the Global diversity seen as a necessity by off-takers – located in two Tier-1 mining jurisdictions Significant Production Capability - Once in production, Deep Yellow will be the largest pure- play uranium producer on the ASX - potential production ca
Slide 3: Capital Structure
Capital Structure Enhanced financial strength and financing flexibility to fast-track funding and development timelines, once uranium prices reach incentive levels 1.50 1.00 A$/Share1 0.50 0 01 May 20 01 Nov 20 01 May 21 01 Nov 21 01 May 22 01 Nov 22 01 May 23 MAJORITY SHAREHOLDERS A$48.5M A$410M Ca
Slide 4: Globally Diversified and Sizeable Portfolio
Globally Diversified and Sizeable Portfolio • Project portfolio provides diversity by asset, stage of Advanced-stage development and Early-stage to continue geographic location organic pipeline • Largest uranium Omahola Alligator River resource base of any Northern Territory Namibia ASX-listed compa
Slide 5: Uranium is Critical for a Clean Energy Future
01 Uranium is Critical for a Clean Energy Future www.deepyellow.com.au
Slide 6: Nuclear Becoming Essential
Nuclear Becoming Essential Nuclear is the clear winner and the uranium industry is well positioned World Electricity Production by Source1 for significant value uplift in global energy transition Coal (36%) Gas (23%) Most major economies aligning demanding more nuclear. This hasn’t Hydropower (15%)
Slide 7: Nuclear Power the Key Transition Technology
Nuclear Power the Key Transition Technology Total Global Energy Equation 170,000 TWh (2021) 20% ELECTRICITY Global energy demand (70% Fossil Fuel) Transition away from is increasing at a rapid fossil fuels must happen pace at a pace renewables are unable to meet Nuclear – 30% TRANSPORT Plugging (~10
Slide 8: Who will Supply a Growing Uranium Market?
Who will Supply a Growing Uranium Market? Clear change in uranium market fundamentals in post-Fukushima recovery IMPENDING SHORTAGES AND SUPPLY DISRUPTION • Large, long-life operations have ceased production – Ranger (Aust), Cominak (Niger) Price Indicators • No new production without significant ur
Slide 9: Need the Right Team to Develop Uranium Mines
Need the Right Team to Develop Uranium Mines 9
Slide 10: Tumas DFS Confirms Tier-1, Long-Life Operation
01 02 Tumas DFS Confirms Tier-1, Long-Life Operation www.deepyellow.com.au
Slide 11: Project Locations
Project Locations Landholding of nearly 1,500km2 including: • Tumas Project – Pre-development • Omahola Project – Ongolo, MS7, Inca – Advanced Resource Definition • Nova JV – Barking Gecko – Greenfield Exploration (JV with JOGMEC, Japanese Government) • Yellow Dune JV – Aussinanis – Mineral Deposit
Slide 12: Tumas Project - Overview
Tumas Project - Overview • Uranium and mining friendly jurisdiction Page 1 of 2 • Similar to Langer Heinrich deposit, an operation very well understood by the Deep Yellow team • Exploration since early 2017 has increased the Mineral Resource fourfold • Ore Reserves of 67.3Mlb increased by 120% in CY
Slide 13: Project Financials
Project Financials (Ungeared): Unit US$65/lb FAM-2 US$85/lb Project Analysis Real unless stated US$77/lb2 U3O8 gross revenue $M 4,145 5,039 5,421 Commentary V2O5 gross revenue (US$7/lb) $M 162 162 162 Gross revenue: total $M 4,307 5,201 5,582 Head grade is 340ppm Downstream operating expenses (TC/
Slide 14: Innovative Processing and Tailings Concept
Innovative Processing and Tailings Concept Reagent and Water Recycle Page 1 of 2 Reagents and metals ORE (carnotite) Beneficiation Leach Washing Hydrometallurgy Water Recycle Tailing Slurry Mined out pit Settled Tailings Seepage Uranium and Vanadium Ground Water precipitate as carnotite Products (ur
Slide 15: Adopting World Class ESG Initiatives
Adopting World Class ESG Initiatives Page 1 of 2 ENVIRONMENT SOCIAL GOVERNANCE • Tumas process plant to • 600+ jobs during construction • Experienced, independent and produce benign tailings diverse Board • Project will create ~520 direct stream – endorsed by CSIRO jobs including site contractors •
Slide 16: Tumas Project Timeline
Tumas Project Timeline Achievements Forward Looking 2023 2024 2025/ 2019 2020 2021 2022 /24* /25 26 • Scoping • Pre-Feasibility • Mining • Definitive • Front End • Construction • Mining Study Study Licence Feasibility Engineering Application Study & Design • Off take Contracts • Financing* * uranium
Slide 17: Tumas Project – Resource Expansion Drilling west of Tumas 3
Tumas Project – Resource Expansion Drilling west of Tumas 3 • A 9,500m reverse circulation Page 1 of 2 resource drilling commenced to expand the current reserves west of Tumas 3 and confirm a +30-year LOM Tumas Central • The program includes 340 RC drill holes in 2 phases: o Phase 1: 160 holes for 4
Slide 18: Portfolio Positioned for Growth and Value
03 Portfolio Positioned for Growth and Value www.deepyellow.com.au
Slide 19: Mulga Rock Project Status
Mulga Rock Project Status Page 1 of 2 Mulga Rock Project - 100% ● Located in the Tier-1 mining jurisdiction of Western Australia ● Globally significant Mineral Resource of 71.2Mt @ 570ppm for 90.1Mlb U3O8, positioning Mulga Rock as one of the largest undeveloped uranium projects in Australia ● Only
Slide 20: Mulga Rock Project FY23 Activities
Mulga Rock Project FY23 Activities Page 1 of 2 ● Upgraded mining camp established/early works Princess continuing (upgrading of Kakarook bore road) ● Test work on 63 deep geo-metallurgical holes completed end CY2022 ongoing, to drive revised process inputs in revised DFS Ambassador Ambassador West E
Slide 21: Exceptional Exploration Growth Upside
Exceptional Exploration Growth Upside ALLIGATOR RIVER PROJECT, NORTHERN TERRITORY – 100% OMAHOLA BASEMENT PROJECT - NAMIBIA - 100% ● Located in the world class uranium province of ● Measured, Indicated and InferredPage 1 of 2 Resource base of 125Mlb Alligator River, which hosts some of the highest-
Slide 22: Much Upside - Separating from its Peers
04 Much Upside - Separating from its Peers Diversified Projects, Team, Governance, M&A www.deepyellow.com.au
Slide 23: Two Substantial, Advanced Uranium Projects
Two Substantial, Advanced Uranium Projects Page 1 of 2 Initial Investment Production Mulga Rock Project Tumas Project 1 3.5 3.5 2.0 3.0 3.6 3.6 3.6 1.5 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Tumas − 22.25YR LOM Mulga Rock − 15YR LOM Tumas –
Slide 24: Well-Defined M&A Strategy
Well-Defined M&A Strategy • A growth plan centred on delivering a dual-pillar strategy to develop a multi-mine pipeline o Organically via development of existing geographically diverse asset base o Inorganically through timely asset acquisitions, to develop larger scale with high quality conventiona
Slide 25: Looking Ahead - a Differentiated Company
05 Looking Ahead - a Differentiated Company www.deepyellow.com.au
Slide 26: Key Workstreams for next 12 Months
Key Workstreams for next 12 Months Page 1 of 2 TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER M&A • Q1/Q2 2023 - Further focused • Q1/Q2 2023 – 600 to 800 air • Q1/Q2 2023 - Desk top • Ongoing - Continued focus test work continuing to core drill program for prospectivity appraisal to on consolidation to d
Slide 27: Compelling Narrative – A Fully Prepared, Geographically Diverse Uranium Producer in the Making
Compelling Narrative– A Fully Prepared, Geographically Diverse Uranium Producer in the Making Page 1 of 2 Deep Yellow is successfully establishing the right building blocks to create a Tier-1 mining company: o Tumas Project –approved to go ahead to FEED and commencement of project financing for FID
Slide 28: Disclaimer
Disclaimer Disclaimer Past performance and readers should not place undue reliance on such forward-looking information. The Company disclaim any intent or obligations to finalise, check, This presentation has been prepared by Deep Yellow Limited ABN 97 006 391 update or revise any forward-looking st
Slide 29: Appendix Mineral Resources
Cut-off Tonnes U3O8 U3O8 U3O8 Resource Categories (Mlb U3O8) Appendix Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) Measured Indicated Inferred Mineral Resources BASEMENT MINERALISATION Omahola Project - JORC 2012 1 INCA Deposit ♦ Indicated 100 21.4 260 5,600 12.3 - 12.3 - INCA Deposit ♦ Inferred
Slide 30: Appendix Mineral Resources
Cut-off Tonnes U3O8 U3O8 U3O8 Resource Categories (Mlb U3O8) Appendix Deposit Category Mineral Resources (ppm U3O8) (M) (ppm) (t) (Mlb) Measured Indicated Inferred Northern Territory Angularli Project - JORC 2012 1 Angularli Indicated 1,500 0.91 12,900 11,739 25.9 - - 25.9 Angularli Project Sub-Tota
Slide 31: For further information
For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited