Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Australian Uranium Conference 2009
28 slides from Bannerman Energy's conference presentation, Jul 22, 2009
Slide 1: Australian Uranium Conference
For personal use only Australian Uranium Conference 22 July 2009
Slide 2: Safe Harbour and Technical Disclosures
For personal use only Safe Harbour and Technical Disclosures This presentation contains certain forward-looking information about the Company that is intended to be covered by the safe harbour for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995, as amend
Slide 3: Contents
For personal use only Contents Corporate Update Namibia Etango Uranium Project Exploration Activities Investment Rationale Page 3
Slide 4: Corporate Update
For personal use only Corporate Update Page 4
Slide 5: Report Card
For personal use only Report Card 9 New CEO with development and operational experience. 9 Established A$20 million convertible note funding facility. 9 Settlement of Etango Project title litigation. 9 Executive team established. 9 A$37.5 million equity placement and SPP financing. 9 Share register
Slide 6: Corporate
Corporate as at July 21, 2009 For personal use only Listings: ASX, TSX & NSX Share price: A$1.24 C$1.10 Market cap: A$250m / C$222m Issued securities: Major shareholders: Shares 201.7m Widerange Corp (C Jones) 7.5% Options (avge ex. price A$2.57) 18.6m Regent Pacific Group Ltd 5.0% P&A Batten 4.6% C
Slide 7: Namibia
For personal use only Page 7 Namibia Namibia
Slide 8: Global Political and Economic Risk
For personal use only Global Political and Economic Risk Page 8
Slide 9: Erongo Uranium Province
Erongo Uranium Province Over 1 billion pounds U3O8 within a 100km radius For personal use only Trekkopje/Areva Valencia/Forsys (157 Mlbs) (81 Mlbs) Bannerman Tenements Road Power Line Rössing/Rio Railway (historically +300 Mlbs) Primary Uranium Deposit Secondary Uranium Deposit Rössing South/Extract
Slide 10: Namibian Uranium Resources
Namibian Uranium Resources (as at 21 July 2009, excluding Rössing) Areva For personal use only Trekkopje 561Mt at 130ppm Primary alaskite-hosted uranium 157Mlbs deposits 500Mt Secondary uranium deposits Size approximates 400Mt contained metal Bannerman (80%) Etango Tonnes 356Mt at 204ppm 160Mlbs 300
Slide 11: Etango Uranium Project
For personal use only Etango Uranium Project Page 11
Slide 12: Etango Mineral Resource Estimate
Etango Mineral Resource Estimate As at July 2009 For personal use only Page 12
Slide 13: Resource Model Zones
For personal use only Resource Model Zones Page 13
Slide 14: Etango Project Resource Drilling
Etango Project Resource Drilling For personal use only Over 200,000 metres included in the resource drillhole database. Approx 5km long resource model strike length. A A’ Drilling continues at Oshiveli and Onkelo. Page 14
Slide 15: Sectional Interpretation of Anomaly A
Sectional Interpretation of Anomaly A 70% of resource within 200 metres of surface For personal use only Surface Northing 7,488,800 Mineralisation from near surface. Lode widths up to 100m. Higher grades found within 200m of surface. Deposit 5km long & 600m wide. Page 15
Slide 16: Mine Development
Mine Development Based on February 2009 resource model For personal use only Stage 2 pit Stage 1 pit Stage 3 pit EL North East Final pit Page 16
Slide 17: Preliminary Feasibility Study (PFS) Status
For personal use only Preliminary Feasibility Study (PFS) Status Heap leaching preferred option unless beneficiation solution identified. Heap leach test work is: ¾ achieving 85-91% recoveries after ~25 days on High Pressure Grinding Roll (HPGR) samples. ¾ advanced to 4m high by 0.19m diameter c
Slide 18: Feasibility Study Timeline
For personal use only Feasibility Study Timeline Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 09 09 09 09 09 09 09 09 09 09 09 09 Preliminary Feasibility Study (PFS) Environmental & Social Impact Assessment Mining Licence Bankable/Definitive Feasibility Study (DFS) Page 18
Slide 19: Exploration Activities
For personal use only Exploration Activities Page 19
Slide 20: Exploration Activities
Exploration Activities Target generation For personal use only Surface mapping unable to penetrate sand cover in southern portion of EPL. Geological interpretation of southern geology following geophysical and structural study. Etango Deposits Targets identified. Page 20
Slide 21: Exploration Activities
Exploration Activities Target generation For personal use only Surface mapping unable to penetrate sand cover in southern portion of EPL. Geological interpretation of southern geology following geophysical and structural study. Targets identified. Page 21
Slide 22: Swakop River Project
For personal use only Swakop River Project Neighbouring the Langer-Heinrich calcrete-hosted deposit. Initial reconnaissance drilling completed in the Bloedkoppie channel. Surface geophysical work scheduled for the second half of 2009. Langer Heinrich Page 22
Slide 23: Investment Rationale
For personal use only Investment Rationale Page 23
Slide 24: Nuclear Renaissance
For personal use only Nuclear Renaissance (China) (France) (India) (UK) (Japan) (Russian Federation) Page 24
Slide 25: Etango Resource: Globally Significant & Growing
Etango Resource Globally Significant & Growing For personal use only 180 160 Contained Metal (Million lbs U3O8) 140 52.4 Inferred 120 Indicated 37.4 100 Measured 39.7 80 60 107.7 59.3 89.2 40 66.9 20 26.9 12.9 2.0 0 May 2007 January 2008 August 2008 February 2009 July 2009 (reported at lower cut-off
Slide 26: Why Invest in Bannerman?
For personal use only Why Invest in Bannerman? Nuclear renaissance – climate change and security of supply. Premier uranium jurisdiction – “Namibian” uranium brand. Globally significant & growing U3O8 metal inventory. Advanced development path & low technical risk. 1,300 km2 prospective la
Slide 27: Equity Research Coverage
For personal use only Equity Research Coverage Page 27
Slide 28: For personal use only
For personal use only www.bannermanresources.com
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