Basin Energy Limited · ASX:BSN
Basin Energy — Investor Presentation (October 2022)
24 slides from Basin Energy's investor presentation, Oct 4, 2022
Slide 1: Investor Presentation: Exploring for High Grade Uranium in the Athabasca Basin
For personal use only Investor Presentation Exploring for High Grade Uranium in the Athabasca Basin October 2022 ASX : BSN
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement For personal use only Disclaimer This presentation has been prepared by Basin Energy Limited (“Basin Energy” or the “Company”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation
Slide 3: Overview
For personal use only 3 Overview
Slide 4: Why invest in Basin Energy?
Why invest in Basin Energy? For personal use only Direct exposure to high grade uranium Experienced and dedicated team with within the world class uranium mining district of relevant uranium exploration and development the Athabasca Basin, Saskatchewan, Canada track record – a top three global urani
Slide 5: Athabasca Basin Exploration Strategy
Athabasca Basin Exploration Strategy For personal use only Targeting unconformity-type uranium deposits in the highest-grade uranium district globally Unconformity-type uranium deposits are among the largest & highest-grade deposits in the world Athabasca Basin discoveries have delivered significant
Slide 6: Strategically Positioned
Strategically Positioned For personal use only Located in proximity to world-class high-grade uranium discoveries and mining operations North Millennium • Basement conductor trend is an interpreted extension of the Mother Fault that hosts the Millennium Deposit (104.8 Mlb U3O8 @ 3.76%)1 • Situated 4
Slide 7: Projects
For personal use only 7 Projects
Slide 8: North Millennium
North Millennium For personal use only Basement conductor trend is an interpreted extension of the Mother fault hosting the Millennium Deposit Tenure • 58km2 of prospective ground in the southeast corner of the richly endowed Athabasca Basin • Located 40km southwest of Cameco’s flagship McArthur Riv
Slide 9: North Millennium exploration plan
North Millennium For personal use only Delineated targets from modern aerial surveys enables immediate drill testing of high priority targets Exploration Plan Months 1 to 9 • Historical data compilation and program planning • 3D inversion of existing airborne ZTEM data • Targeted Ground geophysics -
Slide 10: Geikie
Geikie For personal use only Strategically located in proximity to recent high grade, shallow uranium discoveries Tenure • 339km2 landholding located 7km southeast of the present edge of the Athabasca Basin and 10km west of highway 905 • Adjacent to 92 Energy’s Gemini discovery 43m @ 0.6% U3O8 (incl
Slide 11: Geikie exploration plan
Geikie For personal use only Initial targeting and geophysics will enable drill testing of high priority shallow targets in 2023 Exploration Plan Months 1 to 9 • Geochemical and mineralogical sampling • Property wide airborne geophysical surveys - Magnetic and radiometrics - Potential for electromag
Slide 12: Marshall
Marshall For personal use only Strong magnetic and conductive structure interpreted as a significant unconformity-type uranium target Tenure • 112km2 landholding located 11km west of the Millennium Deposit in the southeast corner of the Athabasca Basin History • Between 1979 and 2009 soil geochemist
Slide 13: Marshall exploration plan
Marshall For personal use only Confirmatory modern electromagnetics will allow focused drill targeting Exploration Plan Months 1 to 9 • Historical data compilation and program planning • Targeted Ground geophysics - Stepwise moving loop time domain electromagnetics - Consider resistivity • Target ge
Slide 14: Corporate
For personal use only 14 Corporate
Slide 15: Board & Management
Board & Management For personal use only Blake Steele Pete Moorhouse Jeremy Clark Cory Belyk Peter Bird Ben Donovan Non-executive Chairman Managing Director Non-executive Director Non-executive Director Non-executive Director NED/ Company Secretary Corporate Geologist Geologist Geologist / CanAlaska
Slide 16: Project Ownership & Joint Venture Structure
Project Ownership & Joint Venture Structure For personal use only Low risk staged earn-in via value adding stages, with the flexibility to accelerate or stop North Millennium & Geikie (Earn up to 80%) Marshall (100%) Stage 1 - Completed Stage 2 Stage 3 Stage 1 Timing/ 24 months 48 Months IPO from IP
Slide 17: Corporate Overview and Capital Structure
1. Cash before IPO costs as per Prospectus dated 22 August 2022 2. 5.0m options exercisable at $0.25 to Board & Management expiring 3 years from the date of issue subject to 2 Corporate Overview 3. years escrow, 5.3m options exercisable at $0.25 to Advisors expiring 3 years from the date of issue su
Slide 18: Indicative Timeline
Indicative Timeline For personal use only CY2022 CY2023 2H – CY2022 1H – CY2023 2H – CY2023 1 CORPORATE IPO 2 EXPLORATION/ OPERATIONAL North Millennium Inversion of Geophysical Data Ground geophysics Diamond Drilling Geikie Airborne survey (Mag-Rad-VLF) Lake sediment geochemistry sampling Prospect a
Slide 19: Uranium Market
For personal use only 19 Uranium Market
Slide 20: Political Sentiment Underpinned by Carbon Reduction
Political Sentiment Underpinned by Carbon Reduction For personal use only • Europe – European Parliament vote to include nuclear in a list of green investments. Conflict incurred energy restrictions heightening to these calls • Increasing global Green Party acceptance of nuclear energy, with Finland
Slide 21: Uranium Market Landscape
Uranium Market Landscape For personal use only Uranium price gained +44% in 2021, partially as a result of Sprott acquiring 40Mlbs U3O8 and nuclear power's vital role in decarbonisation shifting spot market dynamics Long Term Bear Market • Around 46% of the world’s identified uranium resources (~8Mt
Slide 22: Market Outlook
Market Outlook For personal use only Nuclear power has been placed at the forefront as we transition to carbon neutrality 250 Anticipated Anticipated 77% increase in nuclear reactor requirements increase in by 2040, due an increase in reactors connecting to the grid High Case Low Case 200 U3O8 deman
Slide 23: Investment Highlights
Investment Highlights For personal use only Direct exposure to high grade uranium within the world class uranium mining district of Experienced and dedicated team with the Athabasca Basin, Saskatchewan, Canada relevant uranium exploration and development – a top three global uranium producer for ove
Slide 24: For personal use only
For personal use only Pete Moorhouse Chloe Hayes M: +61 (0) 7 3667 7449 M: +61 (0) 458 619 317 E: pete.m@basinenergy.com.au E: chloe@janemorganmanagement.com.au This presentation has been authorised for release by the Basin Energy Board