Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Shaw and Partners Uranium Conference 2021
19 slides from Bannerman Energy's conference presentation, Feb 4, 2021
Slide 1: Bannerman Resources - Etango-8 uranium project
For personal use only Bannerman Resources Etango-8 uranium project Shaw and Partners Uranium Conference, 4 February 2021
Slide 2: Important notices - Cautionary Statement
Important notices For personal use only Cautionary Statement The Scoping Study referred to in this presentation has been undertaken for the purpose of initial evaluation of a potential 8Mtpa development of the Etango uranium deposit, owned by Bannerman Resources Limited (Bannerman). It is a prelimin
Slide 3: Important notices - Forward Looking Statements, Competent Person Statement
Important notices For personal use only Forward Looking Statements Competent Person Statement This presentation includes various forward looking statements which are identified by the use of forward looking words Exploration Results and Resources such as “may”, “could”, “will”, “expect”, “believes”,
Slide 4: Bannerman at a glance
Bannerman at a glance For personal use only SHARE PRICE CHART (ASX:BMN) CAPITAL STRUCTURE ASX share price A$0.13 12 month share price range A$0.015 – A$0.165 Shares on issue 1,075 million Market capitalisation A$140M (US$108M) Options and performance rights 37 million Average daily volume (ASX 1-mth
Slide 5: A world-class uranium asset
ETANGO-8 URANIUM PROJECT For personal use only A world-class uranium asset § Globally large-scale resource endowment § Low technical risk § Excellent supporting infrastructure § Established uranium operating jurisdiction § Strong in-country presence and engagement § High scalability 5
Slide 6: The Etango journey
The Etangojourney BMN listed on ASX Maiden resource NI 43-101 report Etango Definitive Feasibility Study For personal use only EPL3345 project Etango Scoping Etango Pre- Environmental Heap leach demonstration acquisition Study feasibility Study approval granted plant construction 2005 2007 2009 2011
Slide 7: Introducing Etango-8
For personal use only Introducing Etango-8 An accelerated project development with strong financial returns 7
Slide 8: Etango-8 rationale and team
ETANGO-8 RATIONALE AND TEAM A substantial body of existing technical and feasibility work For personal use only § Etango Project advanced study history Advanced study ‒ Definitive Feasibility Study 2012 (DFS 2012); 20Mtpa throughput; estimation accuracy of ±15% history ‒ DFS Optimisation Study (OS 2
Slide 9: Physical outcomes: highly robust technical parameters
PHYSICAL OUTCOMES Highly robust technical parameters For personal use only Key physical parameters Unit Total / LOM Annual average Operations 14+ years 1.93 : 1 Construction period Initial production life months years 24 14.4 NA NA Initial mine life Strip ratio (waste:ore) Mining Ore mined Mt 114.1
Slide 10: Financial returns: strong projected economics
FINANCIAL RETURNS Key financial outcomes Price inputs Unit Strong projected economics LOM average uranium price US$/lb U3O8 - 65 US$/N$ N$ - 16 For personal use only Valuation, returns and key ratios Range Mid point NPV8% (post-tax, real basis, ungeared) US$M 201 - 223 212 NPV8% (pre-tax, real basis
Slide 11: Comparative value
Comparative value Comparison of Etango-8 Scoping Study with Etango DFS OS (2015) For personal use only DFS Opt Study* Etango-8 SS * Does not credit 2017 Key project parameters Project Impact (November 2015) (August 2020) Processing OS gains ($73M Production (U3O8 LOM avg) 7.2 Mlbs pa 3.5Mlbs pa 49%
Slide 12: Comparative value
Comparative value Comparison of Etango-8 Scoping Study with Etango DFS OS (2015) For personal use only DFS Opt Study* Etango-8 SS * Does not credit 2017 Key project parameters Project Impact (November 2015) (August 2020) Processing OS gains ($73M Production (U3O8 LOM avg) 7.2 Mlbs pa 3.5Mlbs pa 49%
Slide 13: Key upside opportunities
KEY UPSIDE OPPORTUNITIES Substantial value enhancement potential For personal use only § Globally large resource of 271Mlbs § Testwork at the Etango 1 2 Future life U3O8 (14.4Mlbs Measured, 150.2Mlbs Processing Heap Leach Demonstration extension and/or Indicated and 106.1Mlbs Inferred)* efficiency a
Slide 14: Social licence to operate
SOCIAL LICENCE TO OPERATE Strong position due to historical body of work and engagement For personal use only § Environmental baseline since 2008 Bannerman’s flagship Learner Assistance Program Environmental § High-quality, peer reviewed ESIA has assisted 3,000 learners over the past ten years acros
Slide 15: The path forward
THE PATH FORWARD Production targeted to meet forecast 2025 sector deficits For personal use only Months to delivery +3 +6 +9 +12 +15 +18 +21 +24 +27 +30 +33 +36 +39 +42 +45 +48 (from Oct 2020) § Etango-8 PFS progressing well with targeted PFS completion by mid 2021 § DFS estimated to take a further
Slide 16: Detailed scoping study information
Detailed scoping study information See www.bannermanresources.com.au/for-investors/presentations/ For personal use only 4 CAPITAL AND OPERATING COSTS 1 MINING AND PROCESSING 2 INFRASTRUCTURE AND LOGISTICS 5 FINANCIAL FORECASTS 3 SOCIAL LICENCE TO OPERATE 16
Slide 17: A world-class uranium asset
A WORLD-CLASS URANIUM ASSET For personal use only Globally significant output of Environmental approvals Robust economics and low 3.5 Mlbs pa with further with strong community and hurdles to development expansion scalability government support Namibia a premier uranium Low technical risk through St
Slide 18: Appendix A: Bannerman team
Appendix A: Bannerman team For personal use only Strong and experienced board Skilled management with Namibian expertise § 20 years’ transactional and financing experience as a § 30+ years’ investment banking experience incl. head of corporate lawyer and resources executive. Ronnie Beevor Brandon Mu
Slide 19: Contact
CONTACT For personal use only Brandon Munro Chief Executive Officer E: info@bannermanresources.com.au T: +61 8 9381 1436 @BannermanRes @Brandon_Munro
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