Slide 1: ASX Announcement Investor Presentation – May 2020 Virtual Investor Briefing
Office C1, 1139 Hay Street West Perth WA 6005 +61 (0)8 6555 1816 www.marenicaenergy.com.au ASX Announcement Investor Presentation – May 2020 Virtual Investor Briefing 14 May 2020 Manager ASX Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir or Mad
Slide 2: Investor Presentation May 2020
Acquire Explore U-pgradeTM Investor Presentation May 2020 ASX:MEY
Slide 3: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Andrew Bantock +25 years experience as Director, CEO and CFO roles ASX Code MEY Chairman primarily in mining Share Price (13 May 2020) $0.065 Murray Hill +35 years experience in the mining industry, including 12 MD/CEO years in uran
Slide 4: Investment Highlights
Investment Highlights Large scale Namibian tenement holdings with excellent uranium exploration potential Large portfolio of under-developed high-grade uranium assets in Australia Breakthrough U-pgrade™ beneficiation process shown to reduce cost at Marenica Project, providing Marenica with a first m
Slide 5: A Developing Uranium Company
A Developing Uranium Company Strategy Acquire Acquisition of projects / tenements that meet a defined criteria Explore Strategic exploration of large tenement position U-pgrade™ Value add through application of patented U-pgradeTM uranium beneficiation process Ability to Deliver on Strategy • Austra
Slide 6: Strategic Advantage
Strategic Advantage Resources + Process Large Uranium • Largest Namibian uranium Asset Base tenement holding Strategic • Australian uranium asset portfolio • Tenements held in politically safe Advantage jurisdictions • Lower uranium price required to commence development • Able to expedite developme
Slide 7: Uranium Assets
Uranium Assets NAMIBIA AUSTRALIA Namib Koppies Hirabeb Angela Thatcher Soak Oobagooma JV’s Namibia • Largest uranium tenement holding in uranium friendly Namibia • December 2019 drill results at Koppies delivered exceptional uranium mineralisation including 1 m at 7,060 ppm U3O8 • Marenica Project r
Slide 8: Namibia
Namibia NAMIBIA Mile 72 Area AUSTRALIA Namib Koppies Hirabeb Thatcher Soak Oobagooma JV’S JV’s Marenica Area • Namibia is a world-class uranium province with an established uranium mining industry • Marenica is the largest tenement holder for uranium in Namibia • Target mineralisation is calcrete ho
Slide 9: Namib Area
Namib Area NAMIBIA Namib Koppies Hirabeb AUSTRALIA Angela Thatcher Soak Oobagooma JV’s • Contiguous land package • Upstream of known deposits • Successful exploration in progress 8
Slide 10: Koppies Project
Koppies Project NAMIBIA Namib Koppies AUSTRALIA Oobagooma JV’s Drilling at Koppies has delivered Angela Thatcher Soak exceptional uranium mineralisation 2019 Koppies drill results: • 13 m at 905 ppm U3O8 Incl. 2 m at 4,504 ppm U3O8 ? • 3 m at 3,087 ppm U3O8 Incl. 1 m at 7,060 ppm U3O8 ? • 10 m at 68
Slide 11: Hirabeb Project
Hirabeb Project NAMIBIA Namib Marenica Hirabeb AUSTRALIA Oobagooma JV’s Horizontal Loop Electromagnetics Angela Thatcher Soak (HLEM) at Hirabeb identifies expansive and deep palaeochannels • Hirabeb largest tenement in Namib Area • Upstream of Aussinanis uranium deposit • Large area of tenement cove
Slide 12: Australian Projects
Australian Projects NAMIBIA AUSTRALIA Namib Marenica Other Angela Minerva Thatcher Soak Oobagooma JV’s 100% Owned • Angela deposit: 31 Mlb at 1,310 ppm U3O8 • Thatcher Soak deposit: 11 Mlb at 425 ppm U3O8 • Minerva deposit high-grade uranium and gold • Oobagooma deposit: historical resource (unable
Slide 13: Northern Territory Projects
Northern Territory Projects NAMIBIA AUSTRALIA Namib Marenica Other Angela Minerva Thatcher Soak Oobagooma JV’s Angela • Inferred resource of 31 Mlb at 1,310 ppm U3O8 • Application of U-pgradeTM to reduce operating costs, particularly acid consumption • Potential to expand resource & reduce cost base
Slide 14: Western Australian Projects
Western Australian Projects NAMIBIA AUSTRALIA Namib Marenica Other Angela Minerva Thatcher Soak Oobagooma JV’s Thatcher Soak • Inferred resource of 11 Mlb at 425 ppm U3O8 • Located in same province as Yeelirrie, Centipede & Lake Maitland calcrete deposits • Calcrete hosted deposit suitable for appli
Slide 15: About U-pgrade TM
About UpgradeTM Patented process differentiates Marenica from its peers What is U-pgradeTM • Marenica’s 100% owned and patented breakthrough beneficiation process • U-pgrade™ rejects >95% of mass prior to leach • U-pgrade™ shown to increase Marenica Project ore grade from 93 ppm to ~5,000 ppm U3O8 •
Slide 16: Estimated 2020 Uranium Production & Demand
Estimated 2020 Uranium Production & Demand Mlbs U3O8 < Production > < Demand > 2020 Estimated 450 54 Reactors 111 Reactors 328 Reactors Primary and Reactors in under Planned Proposed Secondary Operation Construction Production Source: World Nuclear Association 15
Slide 17: Market Capitalisation Comparison
Market Capitalisation Comparison MEY has the lowest Market Cap compared to selected peers 70 60 50 40 Market Cap (A$M) 30 20 10 0 Deep Yellow Bannerman Vimy Energy Metals Toro Energy Marenica Source: ASX website 30 April 2020 16
Slide 18: Contact
Contact Murray Hill Jane Morgan Managing Director Investor Relations murray.hill@marenicaenergy.com.au jm@janemorganmanagement.com.au +61 417 001 020 +61 405 555 618 17
Slide 19: JORC Resource Table
JORC Resource Table Cut-off Total Resource Marenica Share Deposit Category (ppm Tonnes U3O8 U3O8 V2O5 V2O5 Marenica Tonnes U3O8 U3O8 V2O5 V2O5 U3O8) (M) (ppm) (Mlb) (ppm) (Mlb) Holding (M) (ppm) (Mlb) (ppm) (Mlb) Australia - 100% Holding Angela Pamela JORC 2004 Inferred 300 10.7 1,310 30.8 100% 10.7
Slide 20: Competent Persons Statement
Competent Persons Statement Marenica Uranium Project: The Company confirms that the Mineral Resource Estimate for the Marenica Uranium Project has not changed since the annual review included in the 2019 Annual Report. The Company is not aware of any new information, or data, that effects the inform