Slide 1: Poised to Become a Mid-Tier Uranium Producer
P O IS ED TO B EC O ME A MID - T IER UR A NIUM P R O D U CER Fe b r u a r y 2 0 24 ASX:PEN; OTCQB:PENMF 1
Slide 2: Important Disclosures
Im p o r t a nt D i s cl o s u re s This Presentation contains summary information about the current activities of Peninsula Energy Limited (the “Company”) as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete. This Prese
Slide 3: Disclaimer & Competent Person
D i s cl a i m e r & Co m p et e nt P e r s o n This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States of America or in any other jurisdiction in which such an offer would be illegal. The securities referred to in this Presen
Slide 4: Cautionary & Inferred Resources Notice
Ca u t i o n a r y & In fe r re d R e s o u rc e s N o t i c e The August 2023 Life of Mine plan (LoM) completed for the Ross and Kendrick Production Areas within the Lance Projects includes Measured and Indicated resources, and based on historical experience at Lance, utilizes a resource conversion
Slide 5: Company Highlights
Co m p a n y Hi g hli g h t s World Class Uranium Production Asset in Tier-1 Jurisdiction Near Term Yellowcake Producer Multiple Avenues for Growth Favourable Market Dynamics Funded to Production PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 5
Slide 6: Experienced Management Team
Ex p e r i e n c e d Ma n a g e m e nt Te a m Experienced in design, construction and operation of Uranium ISR facilities in Wyoming, USA Wayne Heili Rachel Rees Managing Director Executive Director – Finance and Corporate Affairs Mr Heili has spent the bulk of his 35+-year professional career in th
Slide 7: Corporate Overview
Co rp o ra t e O v e r v i e w A$232m A$0.11 2,107m 356.0m US$17m Nil Market Share Price Shares on Issue Options (1) Cash (2) Term Debt Capitalisation (As of 23 Feb 2024) (31 Jan 2024) (31 Jan 2024) (31 Dec 2023) Board of Directors Share Price Performance Mr John Harrison Non-Executive Chairman Mr W
Slide 8: November 2023 Equity Raising
N OV EMB ER 2023 EQ UIT Y R A ISIN G • A$50 million placement proceeds (less fees) received 15-Jan-2024 • A$10 million SPP proceeds received 30-Jan-2024 • This funding allows the Company to continue construction at Lance and maintain schedule for critical path items to restart production in late 202
Slide 9: The Lance Projects – Wyoming, USA
T h e La n c e P ro j e c t s – W y o mi n g , US A • Ross Production Project Area • Fully licensed Uranium ISR production project • Home of the project facilities and central process plant • Estimated remaining Resource of 5.9 Mlbs U3O8 • 2 previously operated Mine Units (MU-1 and MU-2), with poten
Slide 10: Lance Projects Facility Development
La n c e P ro j e c t s Fa cili ty D e v e l o p m e nt • Plant and wellfield facilities at Ross were constructed in 2015 & operated as alkaline ISR from 2016 through mid-2019 • Recently completed site transition for low-pH ISR • Current plant capacity of 0.82 Mlbs U3O8 per year loaded on ion exchan
Slide 11: Potential to Become one of the Largest U.S. Uranium Production Projects
P o t e nt i a l t o B e c o m e o n e of t h e La rg e s t U . S . Ura ni u m P ro d u c t i o n P ro j e c t s • 2.0 Mlb p.a. production plant provides platform for a ramp-up to substantial rates • Lance production restart target of late 2024 • Steady state production rate of 1.8 Mlbs per annum •
Slide 12: Lance Exploration Upside
La n c e Ex p l o ra t i o n Up s i d e Peninsula’s Exploration Success • Exploration Target of 104 – 163 Mlbs eU3O8 • Based on a combination of past exploration results Ross Area and proposed exploration programmes1 • Greater than 300 linear km of redox fronts mapped (red) • Only a limited amount o
Slide 13: Dagger Project Introduced in 2023
D a g g e r P ro j e c t Int ro d u c e d i n 2023 New High Grade Satellite Deposit 6.9Mlbs U3O8 of JORC (2012) Inferred Resources1 >2x Grade of U3O8, compared to Lance Resource Mineral rights and data set established through in-house efforts for only US$800K (or US$0.12/lb U3O8) Opportunity
Slide 14: Uranium Price Continues to Strengthen
Ura ni u m P r i c e Co nt i n u e s t o St re n g t h e n Uranium Price • Supply/demand imbalance remains 120 • Robust growth forecasts for uranium demand due to the critical 100 requirement of nuclear energy in meeting global decarbonization 80 targets US$/lb • In Feb-2024, the reported uranium 60
Slide 15: Strong Leverage to Uranium Price
St ro n g Le v e ra g e t o Ura ni u m P r i c e Peninsula’s Sales Contract Book • Future delivery schedule is fully aligned with forecast Spot Uranium v. Realised Price1 production 110 • Contracted sales represent 1/3rd of the projected LoM 100 production from Ross and Kendrick (only) U3O8 Price (U
Slide 16: Company Milestones for 2024
Co m p a n y Mil e s t o n e s fo r 2024 Initiation of plant expansion construction and subsequent progress reports Resource Expansion; drilling activities at Lance and Dagger Wellfield development activity updates for Ross Mine Unit-3 and beyond Remaining Funding; securing additional funding compon
Slide 17: Independent, Long-Term Uranium Production
In d e p e n d e nt , Lo n g - Te r m Ura ni um Pro d u ct i o n Flagship Lance Growing Lance A Robust ISR Project in Size and Scale Production Plan One of the largest US Resource growth potential Detailed and resilient Life of uranium projects, with a through further exploration Mine (LoM) plan dev
Slide 18: Contact Details
Co nt a c t D et a il s REGISTERED OFFICE Units 32/33, Level 3 22 Railway Road Subiaco, Western Australia 6008 Australia Phone: +61 8 9380 9920 www.pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO email: info@pel.net.au 18
Slide 19: Appendix – Resources
A p p e n di x 1 – R e s o u rc e s Lance Projects Resource Estimate as at 31 December 20221 Classification Tonnes U 3O8 Grade U 3O8 (million) (Mkg) (ppm U3O8) (Mlbs) Measured 3.5 1.7 489 3.8 Indicated 11.3 5.5 492 12.2 Inferred 36.2 17.2 474 37.8 Total 51.0 24.4 479 53.8 Dagger Resource Estimate as
Slide 20: Lance Exploration Target Additional Disclosure
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re Exploration Target1 The Lance Projects cover a significant proportion of the Powder River Basin. Cretaceous sandstones of Wyoming, which are believed to represent an Exploration Target of between 104 and 16
Slide 21: Basis of Grade and Tonnage Range Determination
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re Basis of Grade and Tonnage Range Determination The level of exploration activity on which the Exploration Target is based is considered to be high due to the combination of a database of approximately 7,500