Cauldron Energy Limited · ASX:CXU
Cauldron Energy — JP Equities Event (March 2024)
28 slides from Cauldron Energy's conference presentation, Mar 22, 2024
Slide 1: WA - Potential uranium powerhouse
ASX: CXU Cauldron Energy Limited ABN 22 102 912 783 For personal use only WA - Potential uranium powerhouse JP Equities Event 21 March 2024 Jonathan Fisher Chief Executive Officer @cxuasx jonathan.fisher@cauldronenergy.com.au 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 8 March 2024 4.1c Ian Jonathan Fisher Ordinary Shares on Issue ~1,212M Mulholland CEO Chair
Slide 4: For personal use only
For personal use only 4 4
Slide 5: Two Separate Issues: Uranium Mining and Nuclear Reactors
Two 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 i
Slide 6: Federal Issues – Look at the Detail
Federal Issues – Look at the Detail Important for people to interrogate the assumptions used on both sides that generate the alarmist headlines. There is an old adage about the accuracy of financial models and the quality of their assumptions… Assumptions from GENCOST Commentary For personal use onl
Slide 7: Federal Issues – Storage Assumptions Key
Federal Issues – Storage Assumptions Key In claiming renewables are cheaper; the Federal Government relies on the assumption that Consumers will buy storage themselves; but let the network use it. Assumptions from AEMO ISP Commentary For personal use only • CER • Tesla Power walls; and electric cars
Slide 8: A Quick Word on the Australian Energy Grid
A Quick Word on the Australian Energy Grid Electricity is a minority of the Energy grid that must be decarbonized. Transport fuels and Industrial heat are the bigger components. Nuclear is the only cost effective option for heat. FINAL ENERGY DEMAND BREAKING DOWN THE INDUSTRIAL HEAT SECTOR For perso
Slide 9: 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 - Upcoming COP28 to Increase in capacity MASSIVE shortfall in Uranium supply PLEDGE
Slide 10: 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 Advantages Opportunities and Issues to Resolve For personal use only Country Tonnes U Percentage of • Long history of succ
Slide 11: A Quick Word on WA – lifting of Uranium ban is becoming critical
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 12: 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 13: 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 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: 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 17: 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 18: 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 19: 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) eU3O8) Oxide (t) Oxide (Mlb) Indicated 21.9 375 8,230 18.1 Inferred 16.9 335 5,670 12.5 Signif
Slide 20: 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 21: Yanrey – Drilling Campaign Imminent
Yanrey – Drilling Campaign Imminent 25,000 metre drill campaign over 2 phases; with phase 1 set to commence in coming months Aims of drill campaign For personal use only • Upgrade the existing JORC 2012 resource confidence (ie Inferred to Indicated JORC) • Test potential to substantially increase Be
Slide 22: Corporate
For personal use only Corporate 22 22
Slide 23: Project Next Steps
Project Next Steps Near term milestones focused on Melrose and Yanrey. For personal use only New 3D Magnetic Inversion Electro-Magnetic Survey to Landowner Engagement Submit PoW to DMIRS and Drilling modelling further map EM conductors approval Melrose ✓✓ ✓✓ ✓✓ ✓✓ ✓✓ Engage market re Complete Scopin
Slide 24: Contacts
For personal use only Contacts 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 the expectations Forward Looking Statements expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaran
Slide 26: Competent Person Information
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