Silex Systems Limited · ASX:SLX
Silex Systems — Nebraska Advanced Nuclear Forum 2023
22 slides from Silex Systems's conference presentation, May 25, 2023
Slide 1: GLE Presentation to Advanced Nuclear Forum
GLE Presentation to Advanced Nuclear Forum 25 May 2023 Silex Systems Limited (Silex) (ASX: SLX) (OTCQX: SILXY) is pleased to provide the attached presentation that will be delivered by James Dobchuk, Global Laser Enrichment’s (GLE) Chief Commercial Officer and President, at the Advanced Nuclear Foru
Slide 2: Forward Looking Statements and Risk Factors
Forward Looking Statements and Risk Factors: About Silex Systems Limited (ASX: SLX) (OTCQX: SILXY) Silex Systems Limited ABN 69 003 372 067 (Silex) is a technology commercialisation company whose primary asset is the SILEX laser enrichment technology, originally developed at the Company’s technology
Slide 3: Nebraska Advanced Nuclear Forum
For personal use only Nebraska Advanced Nuclear Forum James Dobchuk President & Chief Commercial Officer May 24, 2023 Lincoln, NE
Slide 4: Overview
Overview For personal use only • Growing Support for Nuclear Power • Factors Influencing the Nuclear Fuel Supply Chain • Laser Enrichment Advantages • GLE’s Commercialization Pathways and Timelines Nebraska Advanced Nuclear Forum 2 www.gle-us.com | 2
Slide 5: Growing Support for Nuclear
Growing Support for Nuclear Full-cycle demand continues to improve For personal use only Nebraska Advanced Nuclear Forum 3 www.gle-us.com | 3
Slide 6: Nuclear Power Imperatives
Nuclear Power Imperatives Response to Climate Change: For personal use only • Population growth and industrialization surging increase in energy demand • Urgent climate action (Net-Zero 2050) driving rapid global energy transition • De-carbonization and electrification increasing importance of nucle
Slide 7: Nuclear Power and Net-Zero
Nuclear Power and Net-Zero For personal use only Clean Energy Net-Zero 2050 Low Cost 24/7 Reliability LCOE1 ~ US$70/MWHr Base Load Stability Nuclear Power Highest Capacity Factors Clean Electricity for (> 90% in the US) EVs and Hydrogen Advanced Small Modular Reactors emerging 1. LCOE ~US$70/MWhr, I
Slide 8: Improving Nuclear Power Outlook
Improving Nuclear Power Outlook Increased term contracting, improving market prices For personal use only Price Increases Growth from New Reactors Demand Increasing Across the Fuel Cycle1 $70 China 19 Uranium Spot Uranium Term $60 63%* • Reversal of early $50 Uranium (US$/lb U3O8) India 8 Near-Term
Slide 9: Nuclear Fuel Supplied by Russia
Nuclear Fuel Supplied by Russia For personal use only Russian Share of Global EU Nuclear Fuel US Nuclear Fuel Production Capacity1 Supplied by Russia2 Supplied by Russia1,3 Uranium (U308) ~14% ~20% ~14% Conversion ~27% ~24% ~18% Enrichment (SWU) ~45% ~31% ~20% 1. WNA and UxC various sources 2022 2.
Slide 10: The Nuclear Fuel Supply Chain
• Nuclear Fuel Production and Emerging Threats The Nuclear Fuel Supply Chain For personal use only Emerging Threats to the Global Nuclear Fuel Supply GLE Opportunities Chain: • Supply chain risks exposed by over-dependence on Russian-sourced nuclear fuel • Western supply – curtailments and under-inv
Slide 11: North American Nuclear Fuel Cycle
North American Nuclear Fuel Cycle • Nuclear Fuel Production and Emerging Threats Government and industry call to action For personal use only • Create a more unified North American nuclear fuel cycle • Enact, support and sustain favorable government policies • Streamline regulatory environment • Re-
Slide 12: Joint Statement March 27, 2023
Joint Statement March 27, 2023 For personal use only Nebraska Advanced Nuclear Forum www.gle-us.com | 10
Slide 13: GLE History & Key Milestones
GLE History & Key Milestones For personal use only GE and GE-Hitachi Nuclear Energy (GEH) form subsidiary GLE (exclusive licensee of SILEX technology) to 2007 → develop uranium enrichment services capability; Cameco acquires 24% equity interest in GLE (2008) GLE receives first and only US NRC licens
Slide 14: Evolution of Enrichment Technology
Evolution of Enrichment Technology For personal use only 1st Generation 2nd Generation 3rd Generation Gaseous Diffusion Gas Centrifuge GLE/SILEX Separation efficiency Very low Moderate High Throughput Moderate Very low High Capital costs High High Lower Nebraska Advanced Nuclear Forum www.gle-us.com
Slide 15: GLE/SILEX Technology Advantages
GLE/SILEX Technology Advantages For personal use only Higher separation efficiency Greater throughput Lower capital costs Modularity and flexibility Diversity of supply Utilizes UF6 throughout the enrichment process … compatible with existing fuel cycle Nebraska Advanced Nuclear Forum www.gle-us.com
Slide 16: GLE Enrichment Facility Overview
GLE Enrichment Facility Overview For personal use only Identical to gas centrifuge enrichment facilities NUF6, LEU, or HALEU DUF6, NUF6, or LEU Product UF6 Handling & Storage Laser Systems UF6 Blending & Sampling UF6 Feed System Separator Systems UF6 Withdrawal Depleted Tails (DUF6) CG Feed & Storag
Slide 17: Technology Readiness Levels
Technology Readiness Levels For personal use only 1 Basic principles observed and reported 2 Technology concept and/or application formulated 3 Analytical and experimental critical function proof of concept 4 Component and/or breadboard validation in laboratory environment Completed 5 Component and/
Slide 18: Potential Pathways: Multi-Purpose PLEF
Potential Pathways: Multi-Purpose PLEF For personal use only Pivoting to a Triple Opportunity approach … • Unlock uranium, conversion, and potential LEU value of DOE DUF6 Agreement • Address geopolitical risk and diversity of supply concerns • Support deployment and adoption of advanced reactors req
Slide 19: PGDP Legacy Site
PGDP Legacy Site ~15MTU HALEU For personal use only Potential Future Expansion (LEU/LEU+) 6MSWU LEU/LEU+ ~2,000 MTU NUF6 Nebraska Advanced Nuclear Forum www.gle-us.com | 17
Slide 20: Potential Timelines for Deployment
Potential Timelines for Deployment For personal use only Baseline – market-driven pace, minimized risk Today ~ 2025 ~ 2030 NUF6 Technology scale-up Feasibility and licensing EPC1 Commercial operations Continued acceleration plan to be underpinned by key market drivers, government and industry suppor
Slide 21: 2023 Commercialization Landscape
2023 Commercialization Landscape For personal use only • Nuclear industry tailwinds continue and enjoys bi-partisan political support • Working to secure Government support • Russian invasion has shifted markets for HALEU, LEU, conversion, and U3O8 • Explore value-added industry partnerships 5 Keys
Slide 22: Thank you!
For personal use only Thank you! www.gle-us.com | 20