Paladin Energy Ltd · ASX:PDN
Paladin Energy — Investor Presentation (October 2019)
19 slides from Paladin Energy's investor presentation, Oct 17, 2019
Slide 1: New York 1-2-1 Presentation
PALADIN ENERGY LTD NEW YORK 1-2-1 PRESENTATION Thursday 17 October 2019 ASX: PDN
Slide 2: Disclaimer and Notes
DISCLAIMER AND NOTES JORC AND NI 43-101 MINERAL RESOURCES AND ORE RESERVES This presentation contains summary information about the Company’s activities current as at the date of this presentation. The information in this presentation is of a general background nature and does not purport to be comp
Slide 3: Corporate Profile
CORPORATE PROFILE WHO IS PALADIN? MARKET SNAPSHOT ASX: PDN ASX listed independent uranium company with a Shares on issue 2.014B focus in Africa, Australia and Canada Share price A$ 0.10c Market capitalisation A$ 201.4M 14 years of production history across two mines Market capitalisation US$2 132.2M
Slide 4: Strong Demand in the Uranium Market
STRONG DEMAND IN THE URANIUM MARKET A solid long-term outlook
Slide 5: The Uranium Story Is Compelling
THE URANIUM STORY IS COMPELLING Spot Price 2000 - 2019 Demand Fulfilment 2011 - 2018 Cumulative supply cuts $160 250.0 “Under buying” $140 2016 2017 2018 2019 2020 200.0 0 Langer $120 -5 Heinrich U308 Spot price (US$/lb) 150.0 Cominak -10 Mlbs $100 Mlb U3O8 -15 McArthur Mlb $80 100.0 -20 River Kazak
Slide 6: Demand Growth Far Exceeds Supply Capability
DEMAND GROWTH FAR EXCEEDS SUPPLY CAPABILITY 325 Demand and Supply Scenarios Future Contracted Coverage Rates of US & European Utilities 300 120.00% 275 Contract Coverage (% of total requirements) 250 100.00% 225 200 80.00% 175 Mlbs 150 60.00% 125 100 40.00% 75 50 20.00% 25 0 0.00% Base supply need A
Slide 7: Langer Heinrich: A Low Cost, Long Life Uranium Mine
A FIRST PRODUCER IN A RECOVERED URANIUM MARKET LANGER HEINRICH A LOW COST, LONG LIFE URANIUM MINE
Slide 8: Prefeasibility Study Highlights
PREFEASIBILITY STUDY HIGHLIGHTS ▪ Prefeasibility Study (phase 1 – PFS1) confirms 12-month execution lead time to low risk restart Langer Heinrich ▪ Aspirational average life of mine AISC target US$30/lb achievable ▪ 5.2Mlb pa production for restart confirmed for capital of US$80M ▪ Opportunity to in
Slide 9: PFS1 Has Confirmed Rapid Restart Plan
PFS1 HAS CONFIRMED RAPID RESTART PLAN ▪ PFS1 confirms Concept Study results of comparatively low initial restart expenditure requirements of ~US$80M for ~5.2 Mlb pa production capacity Plant Repair & De- Operations Restart Costs Preservation Costs US$42M US$38M (includes: first fill of reagents, rec
Slide 10: Paladin Identifies Low Cost Expansion Opportunity
PALADIN IDENTIFIES LOW COST EXPANSION OPPORTUNITY 2021 Production Potential Low Cost Potential to be production US$30M for 1.3Mlb ready from mid 2021 (funding capacity expansion and price dependent) if studies are completed in C&M window Expand Production to 6.5Mlb Capacity Low Risk High return expa
Slide 11: Paladin (Africa) Ltd (PAL) Sale Announced
PALADIN (AFRICA) LTD (PAL) SALE ANNOUNCED ▪ PAL to be sold to Lotus Resources Pty Ltd (subsidiary Hylea Resources). PAL holds an 85% interest in Kayelekera Mine and associated leases ▪ Consideration for the sale: ▪ A$5M ▪ A$200,000 cash ▪ A$4.8M in shares (A$1.8M on completion subject to 12 month es
Slide 12: Why Choose Paladin as Your Uranium Investment?
WHY CHOOSE PALADIN AS YOUR URANIUM INVESTMENT? Diversified portfolio of developed mines and exploration projects with significant leverage to upward movements in the uranium price Lead time and capital associated with a re-start to bring Langer Heinrich back into production is shorter and lower than
Slide 13: Contact Us
CONTACT US HEAD OFFICE INVESTOR RELATIONS Level 4, 502 Hay Street Karen Oswald Subiaco Western Australia 6008 T: +61 (8) 9423 8162 T: +61 (0) 8 9381 4366 M: +61 (0) 423 602 353 E: paladin@paladinenergy.com.au E: karen.oswald@paladinenergy.com.au www.paladinenergy.com.au
Slide 14: Appendix
APPENDIX —
Slide 15: Meet Our Board of Directors
MEET OUR BOARD OF DIRECTORS Rick Crabb – Non-Executive Chairman David Riekie – Non-Executive Director Daniel Harris – Non-Executive Director John Hodder – Non-Executive Director Mr Crabb practiced as a solicitor form 1980 to 2004 Mr Riekie is an experienced ASX Director at both the Mr Harris is a se
Slide 16: Meet Our Senior Management
MEET OUR SENIOR MANAGEMENT Scott Sullivan – Chief Executive Officer Anna Sudlow – Chief Financial Officer Andrea Betti – Company Secretary Mr Sullivan brings 30 years of diversified mining experience to Paladin, across Anna is a highly qualified CFO with more than 20-years’ experience Ms Betti is an
Slide 17: Rapid Production Restart on Uranium Price Recovery
RAPID PRODUCTION RESTART ON URANIUM PRICE RECOVERY DESCRIPTION STATUS TIMING PURPOSE Completed February ▪ Found no fatal flaws Concept Study 2019 ▪ Generated improvement options RAPID RESTART STUDY (PFS1) ▪ Detailed restart plan Strategic aim - be Prefeasibility Study 1 - Prefeasibility Study 1 comp
Slide 18: Resource & Reserve Tables
Mlb U3O8 Paladin Ownership Paladin Attributable Mineral Resources Mt Grade ppm U3O8 RESOURCE & RESERVE TABLES (100% basis) (%) (Mlb) Namibia Langer Heinrich Measured1 66.2 490 71.9 75 53.9 Indicated1 18.8 435 18.0 75 13.5 Inferred1 6.3 420 5.8 75 4.4 Stockpiles1 30.8 355 24 75 18.0 Total Namibia 122
Slide 19: A Quality Global Suite of Exploration Assets
A QUALITY GLOBAL SUITE OF EXPLORATION ASSETS Mt Isa (100%) ▪ Three Exploration Permits and six Mineral Development Licences ▪ Largest uranium deposit in Queensland Canada Manyingee ▪ Potential for future development of uranium mine 41.5Mlb Status: Pre-development exploration Michelin 127.7Mlb 148.4M
Paladin Energy — Investor Presentation (October 2019) on 6ix