Silex Systems Limited · ASX:SLX

Silex Systems — Investor Presentation (May 2020)

33 slides from Silex Systems's investor presentation, May 4, 2020

  1. Slide 1: Investor Presentation

    For personal use only Investor Presentation 4 May 2020 Silex Systems Limited (Silex) (ASX: SLX) (OTCQX: SILXY) has updated its Investor Presentation (attached). The presentation is intended for shareholders and other stakeholders on the Company’s ongoing activities and covers a number of recent deve

  2. Slide 2: Forward Looking Statements and Business Risks

    Forward Looking Statements and Business Risks: Silex Systems Limited (Silex) is a research and development company whose primary asset is the SILEX laser enrichment technology, originally developed at the Company’s technology facility in Sydney, Australia. The SILEX technology was licensed exclusive

  3. Slide 3: Silex Systems Limited Investor Presentation

    For personal use only Silex Systems Limited Investor Presentation (ASX: SLX) (OTCQX: SILXY) Dr Michael Goldsworthy CEO/Managing Director May 2020 1

  4. Slide 4: Forward Looking Statements

    Forward Looking Statements For personal use only Silex Systems Limited (Silex) is a research and development company whose primary asset is the SILEX laser enrichment technology, originally developed at the Company’s technology facility in Sydney, Australia. The SILEX technology was licensed exclusi

  5. Slide 5: Disclaimer

    Disclaimer For personal use only Silex Systems Limited (Silex) has prepared this presentation based on information available to it. The information in this presentation does not purport to be a complete description of Silex and/or its business activities. Except as required by law, no representation

  6. Slide 6: Silex is a platform technology company

    For personal use only Silex is a platform technology company focused on the commercialisation of our innovative SILEX laser enrichment technology across multiple markets 4

  7. Slide 7: The Silex Business Case

    The Silex Business Case For personal use only Two technologies being commercialised: 1) SILEX Laser Isotope Separation Technology 2) cREO™ Advanced Semiconductor Material Technology Three commercial applications under development: 1) SILEX Uranium Enrichment Project with US-based Global Laser Enrich

  8. Slide 8: Target Industry Sectors

    Target Industry Sectors For personal use only Target industry sectors are significant markets Nuclear Fuel Quantum 5G Front End Uranium market Computing Handset components ~ US$7bn (est. 2022) Potential market ~US$3bn (by 2023) Enrichment market ~ US$1bn (by 2025) (Note: cREO™ based components likel

  9. Slide 9: Our Strategy

    Our Strategy For personal use only ❑ Secure the commercialisation path for our core asset - the SILEX technology - in the primary application of uranium enrichment ❑ Preserve the Paducah commercial opportunity and the underpinning 2016 Agreement between GLE and the US Department of Energy in order t

  10. Slide 10: Highlights of the Past Year

    Highlights of the Past Year For personal use only ❑ Silex and Cameco signed a binding agreement in December 2019 for the restructure of SILEX technology licensee – GLE, involving the joint purchase of GE-Hitachi’s 76% interest in GLE ❑ Subject to obtaining US government approvals, completion of the

  11. Slide 11: SILEX Laser Uranium Enrichment Technology

    For personal use only SILEX Laser Uranium Enrichment Technology 9

  12. Slide 12: Enrichment Technology Overview

    Enrichment Technology Overview For personal use only SILEX - third generation enrichment technology • SILEX - Separation of Isotopes by Laser EXcitation • Highly selective laser excitation of 235UF6 drives efficient isotope separation • High enrichment efficiency expected to make SILEX technology ve

  13. Slide 13: SILEX and Nuclear Fuel Production

    SILEX and Nuclear Fuel Production For personal use only • The SILEX technology can be utilized to produce: i) natural grade uranium via re-enrichment of tails inventories (Paducah project) ii) enriched uranium for use as fuel in nuclear power reactors (including HALEU) • Uranium production (~45%) an

  14. Slide 14: SILEX Technology Commercialisation Program

    SILEX Technology Commercialisation Program For personal use only • Commercialisation program ~ US$500 million invested to date • Phase I - Technology Validation: completed in 2013 at GLE’s Test Loop Facility in the US • Phase II - Engineering and Economic Validation: includes demonstration of full-s

  15. Slide 15: The GLE Restructure

    For personal use only The GLE Restructure 13

  16. Slide 16: The GLE Restructure

    The GLE Restructure For personal use only • Silex to acquire a 51% interest in GLE – Cameco to increase their interest from 24% to 49% • No upfront consideration – deferred annual purchase payments (4 x US$5 million) triggered after 1st year GLE generates US$50 million in revenues • A Site Lease wil

  17. Slide 17: The SILEX Technology License Agreement and the Paducah Opportunity

    For personal use only The SILEX Technology License Agreement and the Paducah Opportunity 15

  18. Slide 18: SILEX License Agreement Overview

    SILEX License Agreement Overview For personal use only Technology License Agreement with GLE: • Exclusive worldwide commercialisation and license agreement for the SILEX laser uranium enrichment technology – signed in 2006 • Technology validation milestone May 2013 – triggered US$15 million payment

  19. Slide 19: The Paducah Opportunity – a 'Tier 1' Uranium Project

    The Paducah Opportunity – a ‘Tier 1’ Uranium Project For personal use only • Sales Agreement between GLE and DOE signed in November 2016 – for the sale of DOE tails inventories to GLE - underpins the Paducah Laser Enrichment Project • Re-enrichment of DOE tails inventories equivalent to a large, low

  20. Slide 20: Nuclear Power Growth and Market Outlook

    For personal use only Nuclear Power Growth and Market Outlook 18

  21. Slide 21: Benefits of Nuclear Power

    Benefits of Nuclear Power For personal use only ❑ Proven, robust and reliable base-load generation ❑ Largest source of carbon-free power in the US, EU and developing economies - key to climate change mitigation ❑ Affordable and reliable electricity to a growing global population - low generation cos

  22. Slide 22: The Future - Small Modular Reactors (SMRs)

    The Future - Small Modular Reactors (SMRs) For personal use only Next generation of nuclear reactors may offer significant advantages over large conventional reactors ❑ Modular, smaller size (50 MWe to 300 MWe) allows flexibility in deployment ❑ Likely to be competitive with distributed generation s

  23. Slide 23: US Nuclear Industry Review

    US Nuclear Industry Review For personal use only ❑ Growing concerns the US has fallen behind China, Russia and other state-owned enterprises in nuclear technology ❑ US nuclear fuel supply is currently dominated by foreign imports for uranium, and foreign enrichment providers ❑ Nuclear Fuel Working G

  24. Slide 24: Uranium Market Outlook

    Uranium Market Outlook For personal use only Uranium Supply and Demand Forecast Source: UxC Uranium Market Outlook, Q1 2020 Year • Uranium supplies will remain excess to demand, under the mid-case scenario, until around 2027 • Secondary uranium supplies include production from underfeeding and tails

  25. Slide 25: Uranium Price – Early Signs of Term Price Recovery?

    Uranium Price – Early Signs of Term Price Recovery? For personal use only Uranium Mid Long-Term Base Price Forecast Year Source: UxC Uranium Market Outlook, Q1 2020 • UxC forecast the mid-case uranium price recovering to over US$50/lb from around 2025 • Recovery of the uranium market price is key to

  26. Slide 26: Zero-Spin Silicon Project for Quantum Computing

    For personal use only Zero-Spin Silicon Project for Quantum Computing 24

  27. Slide 27: ZS-Si: Silicon Enrichment Project for Quantum Computing

    ZS-Si : Silicon Enrichment Project for Quantum Computing For personal use only ❑ Stable isotope program underway to utilise our significant Laser Isotope Separation (LIS) expertise for semiconductor and medical applications ❑ Zero-Spin Silicon (ZS-Si) is a unique form of isotopically enriched silico

  28. Slide 28: Translucent Inc cREO Technology

    For personal use only Translucent Inc cREO™ Technology 26

  29. Slide 29: The Translucent – IQE Agreement

    The Translucent – IQE Agreement For personal use only ❑ Silex subsidiary Translucent’s ‘Rare Earth Oxide’ (cREO™) technology purchased by UK-based IQE in 2018 with payment of US$5 million in IQE shares ❑ IQE is the global leader in the design and manufacture of advanced semiconductor wafer products

  30. Slide 30: cREO - IQE Development Program

    cREO™ - IQE Development Program For personal use only ❑ cREO™ technology commercialisation program being conducted at IQE’s Greensboro, US manufacturing facility ❑ Significant investment by IQE to progress development of cREO™ advanced semiconductor material technologies ❑ Good progress has been mad

  31. Slide 31: Summary

    For personal use only Summary 29

  32. Slide 32: Summary

    Summary For personal use only • Current focus is on finalisation of the GLE restructure and continuation of the SILEX technology commercialisation project at GLE’s facility in the US and Silex’s facility in Sydney • Successful completion of the GLE restructure, subject to US government approvals, wi

  33. Slide 33: Thank you

    For personal use only Thank you 31

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