Neo Energy Metals Plc · LSE:NEO
Neo Energy Metals — Investor Presentation (2025)
42 slides from Neo Energy Metals's investor presentation, Jun 12, 2025
Slide 1: Focused on becoming South Africa's largest uranium producer
Focused on becoming South Africa’s largest uranium producer Corporate Presentation Q2 2025
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS IMPORTANT NOTICE You must read the following disclaimer before continuing. This disclaimer applies to the materials following this page (Document). You are advised to read this disclaimer carefully before reading or making any other use of the Document. By receiving this D
Slide 3: Experienced Board
EXPERIENCED BOARD Key Directors have strong & proven credentials in African mining & investment. Theo Botoulas (B.Eng. and M.Sc. in Mining Engineering) - Chief Quinton van der Burgh - Non-Executive Director Executive Officer ▪ Mr van der Burgh is a leading mining entrepreneur in South Africa, founde
Slide 4: Overview
Beisa Projects Free State Henkries, Northern Cape OVERVIEW Neo Energy Metals (LSE: NEO) is the only uranium exploration and Creating value development company listed on the Main Market of the London Project Locations Stock Exchange. 124Mlb of U3O8 Resources in a • Over 124 Mlbs of U3O8 and 5.4Moz of
Slide 5: Growing Power Demand is fueling a Nuclear Renaissance
Growing Power Demand is fueling a Nuclear Renaissance • The demand for power is set to exponentially increase over the coming decade from increases in: Wh of power per Internet search request type 10 • urbanisation, especially in the Southern Hemisphere 8 6 • electrification of transport solutions a
Slide 6: Uranium's Moment: One of the Most Significant & Strategic Commodities
21 nations launched the Declaration to Triple Nuclear Energy by 2050 at COP28, which Jonathan Cobb of the WNA acknowledged would not be easy but URANIUMS MOMENT said… “That is exactly why the pledge was Robust market dynamics necessary. The governments are looking at the role they need to play in ac
Slide 7: The Beisa Projects
THE BEISA PROJECTS Near Term Production of: 117 Mlb U3O8 & 5.4Moz of Gold Corporate Presentation l Q2 2025 l 7
Slide 8: The Beisa Projects
THE BEISA PROJECTS • The Beisa Projects lie on a granted Mining Right for Beisa Central FS 30/5/1/1/2/10047 MR and two Prospecting Rights, FS 30/5/1/1/2/10575PR and FS 30/5/1/1/2/10603 PR and includes the previous producing high-grade Beisa Uranium Mine and existing Beatrix 4 Shaft, processing plant
Slide 9: Neo Projects - supporting the Nuclear expansion
Beisa Projects - Free State Neo Projects - supporting the Nuclear expansion Near Term Production of : 117 Mlb U3O8 & 5.4Moz of Gold • Beisa Projects (Beisa Central, North and South) in the Witwatersrand Basin, Neo are in the final stages of acquiring 100% interest in these projects. • Beisa North an
Slide 10: The Beisa Central (Beatrix 4 mine and shaft complex)
THE BEISA CENTRAL (Beatrix 4 mine and shaft complex) • Neo acquired a 100% interest in the Beatrix 4 mine and shaft complex, the processing plant complex and associated infrastructure located in the Witwatersrand Basin. • It is situated between, and adjoins the Beisa North and Beisa South Uranium Pr
Slide 11: Beisa Central - Phase I - At a Glance
THE BEISA CENTRAL- PHASE I - AT A GLANCE • Current Resources comprise 26.9Mlbs U3O8 and 1.2Moz of Gold. 14km2 of surface rights and infrastructure at Beisa Uranium & Gold Mine • Studies confirm technical robustness, low-cost production potential, and favorable economics for a 20-year mining operatio
Slide 12: Beisa Central – Phase I - Development Timeline
BEISA CENTRAL – PHASE I - DEVELOPMENT TIMELINE Q4 2024 H1-2027 Conditional Complete Secure Update Initiate FEED Complete Initiate Complete Finalise Procure Long Construction Commission Agreement Updated Financing Capital Cost for Mine Transaction Funding for FEED and Funding for Lead items Phase for
Slide 13: Beisa North and South Projects Summary
Summary THE BEISA NORTH AND SOUTH PROJECTS • Large zones of well-mineralised uranium ore occur on both Beisa North and Beisa South • The Beisa Reef is unique in the sense that besides uranium, it also contains relatively high concentrations of gold, at an average grade of 2.03 g/t on the Beisa North
Slide 14: Beisa Projects - Mineral Resource Estimate
BEISA PROJECTS - MINERAL RESOURCE ESTIMATE (MRE) BEISA REEF Project Category Ore Tonnage Uranium (Cut- off at 50 cmkg/t) Gold (By-Product) at 35% Loss Kg/t Cmkg/t Mlb g/t Cmg/t Moz (Mt) Beisa North- 315m to Inferred 18.67 0,84 84.00 34.57 2.00 200 1.20 2000 m Beisa North- Below Inferred 12.69 0,81 8
Slide 15: Beisa Central - Mineral Resource Estimate
BEISA CENTRAL - MINERAL RESOURCE ESTIMATE (MRE) SAMREC Code Resources Mt of Ore Grade Contained Metal Uranium Measured 3.6 1.1 kg/t 8.5 Mlbs Indicated 7.8 1.1 kg/t 18.3 Mlbs Total 11.4 1.1 kg/t 26.9 Mlbs Gold Measured 3.6 3.2 g/t 0.4 Moz's Indicated 7.8 3.3 g/t 0.8 Moz’s Total 11.4 3.3 g/t 1.2 Moz's
Slide 16: Key SARB Approvals Received for Beisa Uranium Project Transaction
Key SARB Approvals Received for Beisa Uranium Project Transaction Neo Energy, through its wholly owned subsidiary Neo Uranium Resources South Africa (Pty) Ltd (“NURSA”), secured key regulatory approval from the South African Reserve Bank (SARB) as announced on 13 May 2025. SARB Approval Highlights:
Slide 17: The Henkries Uranium Project
THE HENKRIES URANIUM PROJECT Resource; JORC Resource Estimate dated January 2022 estimates 4.7 Mlbs U3O8 Corporate Presentation l Q2 2025 l 16
Slide 18: The Henkries Project - Northern Cape
The Orange River THE HENKRIES PROJECT - Northern Cape Neo Projects supporting the Nuclear expansion Near Term Production of: 124Mlb U3O8 & 5.4Moz of Gold • Henkries, is an advanced, low-cost uranium project in the Northern Cape Province of South Africa with a clear pathway to production. With circa
Slide 19: Henkries – At a Glance
HENKRIES – AT A GLANCE • 80km north of the mining town of Springbok in the Northern Cape Province of South Africa • Immediately south of the Orange River, and the border with Namibia • Excellent infrastructure with access by tar and gravel roads, a 22kVA power-line and water from the Orange River is
Slide 20: Discovered by Anglo American
DISCOVERED BY ANGLO AMERICAN • Granted Prospecting Right extending over 743km2 • Prospective uranium channel extends for 37km on the license area • At Henkries Central 80% of the uranium in a continuous layer 3.6km long and up to 1.1km wide and up to 8 m thick • Uranium at Henkries North is within 6
Slide 21: Near Term and Low Cost Operation
NEAR TERM AND LOW COST OPERATION • Good continuity of mineralisation • Overburden and mineralized material free-dig • Mineralisation at surface or very shallow • Water and power within 2km • Henkries Central well drilled (>800 holes) • Forecast low operating costs • Henkries Central Av. grade of 436
Slide 22: Henkries Mineral Rights Area
• Existing Henkries Central and Henkries North deposits HENKRIES MINERAL RIGHTS AREA occupy <10% of the prospective area Henkries Central Resource • 6 km of paleo-channel • Main orebody • Existing high-grade resources Henkries North Resource and Exploration Target • 5 km of paleo-channel • Existing
Slide 23: Economic Update
ECONOMIC UPDATE • Erudite Strategies appointed to update Order of Magnitude Capex and Opex estimate for the Henkries Uranium Project • To update the financial evaluation report for the Project originally produced by Anglo American Corporation in 1979. • Findings from the independent report, confirme
Slide 24: Economic Update
ECONOMIC UPDATE • Financial Models were generated based on the Erudite Study outcomes, for three operating scenarios for the development of the project defined as: • Low Case - assuming the project is developed based on the current 4.7Mlb U3O8 JORC resource, • Competent Person Report Case- assuming
Slide 25: Henkries Central – High Grade Zone
HENKRIES CENTRAL – HIGH GRADE ZONE • 4.1m at 668ppm U3O8 • 3.3m at 827ppm U3O8 • 2.4m at 1,703ppm U3O8 • 2.0m at 2,131ppm U3O8 • 4.0m at 1,033ppm U3O8 • 2.4m at 1,703ppm U3O8 • 4.0m at 1,265ppm U3O8 • 2.1m at 1,071ppm U3O8 Corporate Presentation l Q2 2025 l 25
Slide 26: Henkries Central Resource Upside
HENKRIES CENTRAL RESOURCE UPSIDE • Drilled by both Anglo American and Niger Uranium • Multiple high grade drill intercepts • Individual assays reported up to 5 kgs/tonne U3O8 in carbonaceous ore type • Opportunity to extend mineralisation already identified in the paleochannel. • Major potential to
Slide 27: Henkries North
HENKRIES NORTH • Resources defined on just 3 of the 6 identified zones of uranium mineralisation • Exploration Target completed for the other 3 zones – to be upgraded to resources • Additional drilling and assays of existing unsampled drillholes may further support resource increase and upgrade • Op
Slide 28: Advantages of Henkries Mineralisation
ADVANTAGES OF HENKRIES MINERALISATION • High-grade uranium mineralisation relative to other established and operating open-pit uranium deposits • Uranium mineralisation is at surface and mostly within 8m of the surface • Good continuity with mineralisation at Henkries Central a continuous sheet 3.6k
Slide 29: Advantages of Henkries Mineralisation
ADVANTAGES OF HENKRIES MINERALISATION • Major exploration and resource upside at Henkries South • Extends over 24km of the 37km defined paleochannel that hosts Henkries Central and Henkries North resources. • 794 detector RadonX survey completed over Henkries South • Drilling and geophysics planned
Slide 30: Henkries - Development Timeline
HENKRIES - DEVELOPMENT TIMELINE Focus on completing an updated MRE and FEED and finalise funding for construction Q4 2023 Q4 2025/ H1 2026 List on the Complete Complete Start EIA & Complete Infill drilling Application for Exploration Update MRE to Deliver FEED. Procure Long Development London PEA. i
Slide 31: Creating Sustainable Value
CREATING SUSTAINABLE VALUE ENVIRONMENTAL SOCIAL GOVERNANCE Focused on creating as sustainable mining Dedicated to working with local Committed to doing business in a safe, operations as possible, where it is communities to ensure a legacy to the ethical, socially responsible, & sustainable economica
Slide 32: Broker Valuation - First Equity - BUY
BROKER VALUATION - First Equity – BUY – (Based on Henkries, Beisa North and Beisa South Assets only – update to include Beisa Central due soon) Neo Building a Uranium Producing Titan? Following the Beisa projects acquisition announcement earlier this month by Neo Energy Metals plc (NEO.L) for a cons
Slide 33: Broker Valuation - Risked Based Target Price of 20p
BROKER VALUATION - First Equity – BUY – Neo has a Risked Based Target Price of 20p (1) Source: First Equity published Valuation 22 August 2024 – for the complete report contact jasonrobertson@firstequitylimited.com +44 20 7374 2212 Corporate Presentation l Q2 2025 l 33
Slide 34: Investment Case
INVESTMENT CASE 1. ADVANCED URANIUM PROJECTS 2. COST COMPETITIVE 3. EXCELLENT LOCATION Provides exposure to the uranium sector with 117Mlb Simple, shallow mining for all projects (even the An existing permitted mine at Beisa, with Mining Rights, U3O8 resource base and over 5.4MOz of Gold by product.
Slide 35: Peer Company Comparative Valuations
Peer Company Comparative Valuations The Average Market Capital “uranium resource ratio” for listed companies developing Uranium Projects in Africa is +/-£0.82 per lb of ALL in situ U3O8 resources (Measured, Indicated and Inferred) Using the same valuation method Neo is currently valued at +/-£0.12 p
Slide 36: Project Portfolio – South Africa
Project Portfolio – South Africa 1. HENKRIES 2. BEISA PROJECTS 3.FUTURE ACQUISITIONS (CENTRAL, NORTH & SOUTH) 7Mlbs U3O8 initial Indicated and inferred resource located 117 Mlbs of U3O8 and 5.4Moz of Gold, in the Measured, There are several potential projects in the pipeline, which 5-8m below surfac
Slide 37: Henkries Uranium Project
The Orange River Summary HENKRIES URANIUM PROJECT • Up to 70% interest in Henkries located in the Northern Cape Province of South Africa • Established mining focused South African Black Empowerment partner, Wavecrest Investments, holds 30% interest in line with RSA legislation • Two deposits, Henkri
Slide 38: Location
Summary LOCATION Henkries SITUATED IN A PROVEN MINING DISTRICT • +/-80km north of the mining town of Springbok in the Northern Cape Province of South Africa WITH IMMEDIATE • Immediately south of the Orange River ACCESS TO • Across the border from Namibia, which is host to several operating uranium m
Slide 39: Exploration
APPENDIX EXPLORATION Vast opportunity to make large new discoveries & increase in project resources • Major new exploration activities planned at Henkries South • Focused on a key section of the 24km paleochannel that extends over Henkries South • The Kabib Prospect is a significant 10km x 10km tota
Slide 40: Henkries - Mineral Resource Estimate (MRE)
APPENDIX HENKRIES - MINERAL RESOURCE ESTIMATE (MRE) 3 February 2022 HENKRIES URANIUM PROJECT - JORC COMPLIANT RESOURCES (100ppm U3O8 cut-off grade) Million Tonnes Average Grade (ppm U3O8) Average Dry Density (t/m3) Million lbs U3O8 contained Henkries Central Indicated 1.97 635 1.08 2.75 Inferred 1.7
Slide 41: Appendix Notes and Research Sources
APPENDIX Notes: 1. Analyst research on NEO can be sourced from jasonrobertson@firstequitylimited.com 2. Research on the uranium market can be found at https://bit.ly/3SMJcNs Quoted Research Sources: 1) “The growing energy footprint of artificial intelligence”, Alex de Vries https://www.sciencedirect
Slide 42: Contact details
Email: info@neoenergymetals.com Web: http://neoenergymetals.com Twitter: @NeoEnergyMetals