Deep Yellow Limited · ASX:DYL
Deep Yellow — Investor Presentation (February 2021)
28 slides from Deep Yellow's investor presentation, Feb 10, 2021
Slide 1: Building a Tier-One Uranium Producer
Click to Building edit Master title style a Tier-One Uranium Producer For personal use only Click to edit Master text styles ● Second level o Third level Fourth level Completion of Highly-Positive Fifth level Tumas Pre-Feasibility Study 10 February 2021 DYL: ASX / NSX (Namibia) DYLLF: OCTQX 1 1
Slide 2: Disclaimer, Previously Reported Information and Competent Person Statement
Disclaimer, Previously Reported Information and Competent Person Statement For personal use only Disclaimer developed based on assumptions about such risks, uncertainties and other factors, including but not limited to general business, economic, competitive, political and underpinning the Mineral R
Slide 3: Tumas PFS Delivers Robust Results
Tumas PFS Delivers Robust Results For personal use only ● Highly positive PFS completed on the Tumas palaeochannel project ● PFS focused on a Langer-Heinrich style open-pit mining operation, with a production capacity of 3Mlb U3O8 per annum ● PFS results are in line with, and in some cases better th
Slide 4: A Standout Uranium Team
A Standout Uranium Team For personal use only A highly-credentialed and experienced team (majority ex-Paladin Energy) with proven success in the uranium sector, strong project development, operational and corporate capabilities Successfully worked together in the past covering technical, innovation,
Slide 5: Advancing the Dual-Pillar Growth Strategy
Advancing the Dual-Pillar Growth Strategy Key Achievements Over Past 12 Months For personal use only Tumas Project PFS completed with immediate commencement of DFS JOGMEC (Japanese gov’t entity) completed $4.5M earn-in at adjacent Nova JV project. Highly prospective target being advanced Conti
Slide 6: Tumas Pre-Feasibility Study
For personal use only Tumas Pre-Feasibility Study 6
Slide 7: Tumas Overview
Tumas Overview For personal use only The Tumas Project comprises of Tumas 1, Tumas 1 East, Page 1 of 2 Tumas 2, Tumas 3, Tumas 3 East and Tubas deposits Located in the Company’s 100% owned Reptile tenements in Namibia Exploration since early 2017 has been very successful, increasing the resources ov
Slide 8: The Premier Uranium Mining Jurisdiction
The Premier Uranium Mining Jurisdiction For personal use only Namibia has a long history of uranium mining - currently the world’s 4th largest uranium producer Large, proven uranium province with exceptional prospectivity Province contains 1.5Blb U3O8 Measured and Indicated Resources With additional
Slide 9: Key PFS Outcomes
Key PFS Outcomes For personal use only ● Successfully evaluated the viability of the Tumas deposits, within a 30km radius of a proposed purpose- built processing facility ● PFS based only on 50% of the total Mineral Resources available on Tumas Remaining 50% of Mineral Resources will be considered f
Slide 10: Excellent Economics, Significant Upside
Excellent Economics, Significant Upside For personal use only Per Operating Project Physicals and Financials (Ungeared): Real Unless Stated Otherwise Unit LOM Page 1 of 2 Year Operating Life (Total) Years 11.5 Ore Fed to Process plant kt 40,864 3,554 U3O8 Recovered and Sold Mlb 29.1 2.53 U3O8 Recove
Slide 11: DFS to Commence Immediately
DFS to Commence Immediately For personal use only ● Sufficient confidence for future development of the Tumas Project to justify immediate commencement of a DFS ● Many unoptimised areas remain, representing significant potential for economic improvement. These include: Mine scheduling Increase in Or
Slide 12: Key DFS Activities
Key DFS Activities For personal use only ● Immediate commencement of 15,000m drilling program (February to May 2021), focussed on converting the remaining Mineral Resources in the Tumas Central, Tumas 3, Tumas 1 East deposits to Ore Reserve status: February: Drilling Tumas 3 West (300 to 350 holes,
Slide 13: Advancing the Inorganic Growth Pillar
For personal use only Advancing the Inorganic Growth Pillar 13
Slide 14: Continued Assessment of M&A Opportunities
Continued Assessment of M&A Opportunities For personal use only Ongoing evaluation of M&A throughout 2020/21 Focused on acquiring 2-3 projects to establish a pipeline for development from 2024 – 2035+ Continued assessment and due-diligence on several advanced opportunities Through the extensive uran
Slide 15: Uranium Sector Outlook
For personal use only Uranium Sector Outlook 15
Slide 16: The Growing Need For Nuclear Energy
The Growing Need For Nuclear Energy For personal use only New, increasing pressure resulting from accelerated emission reduction targets, transport electrification compounds the need for greatly increased electricity requirements Simplistic, ideologically driven renewable energy models not sustainab
Slide 17: The Added Impetus for Nuclear Energy
The Added Impetus for Nuclear Energy For personal use only Recent UN survey found that almost two-thirds of people around the world view climate change as a global emergency The survey conducted across 50 countries with 1.2M respondents Global emissions continue to grow despite renewable surge – nuc
Slide 18: Uranium Price Primed for Recovery
Uranium Price Primed for Recovery For personal use only NUCLEAR DEMAND STRONG CLEAR URANIUM PRICE LAG Prevailing Operable Under U308 Date/Event Planned Proposed U308 Price Reactors Construction Required USD Feb 2011 Strong Disconnect (pre- 443 62 156 322 80kt $73/lb Fukushima) Jan 2021 442 53 98 326
Slide 19: Continued Focus on ESG
For personal use only Continued Focus on ESG 19
Slide 20: Ongoing Development of Key ESG Pillars
Ongoing Development of Key ESG Pillars For personal use only Focused on creating long-term value for shareholders, stakeholders and the communities where we operate Early implementation and continued focus of Environmental, Social and Governance (ESG) will play a key role in creating a Company-wide
Slide 21: Looking Ahead
For personal use only Looking Ahead 21
Slide 22: Establishing a Tier-One Uranium Operation
Establishing a Tier-One Uranium Operation For personal use only ● Led by a standout management team, Deep Yellow continues to advance its dual-pillar growth strategy, to deliver a 5-10Mlb low cost, multi-platform global uranium operation ● Highly-successful Tumas PFS has outlined a project with exce
Slide 23: For further information
For personal use only For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited 23
Slide 24: Appendix
For personal use only Appendix 24
Slide 25: Corporate Overview
Corporate Overview For personal use only Board Capital Structure – 9 Feb 2021 Rudolf Brunovs Chairman Shares on Issue 254M John Borshoff * MD/CEO Market Cap (@ A$0.72/share) A$183M Gillian Swaby * Exec Director Net Cash (30 Dec 2020) A$9.7M Christophe Urtel Non-Exec Director Major Shareholders Mervy
Slide 26: JORC Resource Table
JORC Resource Table For personal use only Notes Figures have been rounded and totals may reflect small rounding errors. XRF chemical analysis unless annotated otherwise. ♦ eU3O8 - equivalent uranium grade as determined by downhole gamma logging. # Combined XRF Fusion Chemical Assays and eU3O8 values
Slide 27: Tumas Project Ore Reserves
Tumas Project Ore Reserves For personal use only Probable Ore Reserves Units Total HG MG LG TOTAL Ore Tonnes Processed t 40,863,928 30,057,859 10,806,069 0 TOTAL Ore U3O8 Grade Processed ppm 344 405 174 0 lb U3O8 31,002,346 26,853,629 4,148,718 - 27
Slide 28: Nova JV – Barking Gecko Prospect (EPL3669)
Nova JV – Barking Gecko Prospect (EPL3669) For personal use only Large anomalous mineralised zone identified at Barking Gecko in alaskite-type basement target Thick zones of uranium intersected Grades vary from 216 to 385ppm eU3O8 4km x 1km highly prospective zone defined Target similarities with Rö