Slide 1: Paydirt's 2012 Uranium Conference – The TRS Project
Deep Yellow For personal use only Limited Paydirt’s 2012 Uranium Conference The TRS Project: “Making a Silk Purse out of a Sow’s Ear” 28th February 2012 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer – Forward Looking Statements
Disclaimer Forward Looking Statements For personal use only This presentation has been prepared by Deep Yellow Limited (“Deep Yellow”). The information contained in this presentation is of a general nature only and does not constitute and offer to issue, or to arrange an issue, of securities or fina
Slide 3: Overview & Vision
Overview & Vision For personal use only Corporate Profile Namibian Core Projects 2011 Highlights The TRS Project Summary and Conclusion Commence uranium production in Namibia in 2015 and continue to successfully grow our uranium resource base
Slide 4: Corporate Profile
Corporate Profile For personal use only The Board Capital Structure – as at 27 Feb 2012 Mervyn Greene – Chairman Shares on Issue 1,128.51 M Greg Cochran – Managing Director Unlisted Options/Perf. Rights 12.68 M Martin Kavanagh – Executive Director Market Cap (@ 13c) ~ 147 M Gillian Swaby – N.E.D Net
Slide 5: Namibian Tenements – Reptile Uranium
Namibian Tenements – Reptile Uranium* For personal use only 4,195 km2 exploration area: 101.4 Mlbs in resources *Note: Exploration in Namibia is conducted by DYL’s wholly-owned subsidiary Reptile Uranium Namibia (RUN)
Slide 6: Three Namibian Core Projects
Three Namibian Core Projects OMAHOLA PROJECT For personal use only ONGOLO & MS7 INCA URANIFEROUS ALASKITE MAGNETITE JORC resource: 23.6 Mlbs JORC resource: 13.4 Mlbs Primary mineralisation Primary mineralisation Open Pit Hardrock – Drill & blast Open Pit Hardrock – Drill & blast Acid plant treatment
Slide 7: 2011 Summary
2011 Summary For personal use only Ongolo & MS7 JORC Resource delivered Successful TRS Beneficiation Trial INCA & TRS EIA’s completed & submitted Shiyela EIA completed & submitted TRS Deposit upgrade underway for standalone project Mining Licence applications for TRS/INCA submitted Shiyela Mining Li
Slide 8: 2012 Objectives
2012 Objectives Omahola Project: For personal use only • Continue to expand Ongolo & MS7 Resource base • Achieve Resource Critical Mass for Project (>50 Mlbs) • Finalise Pre-Feasibility Study TRS Project • Resource Upgrade • Standalone Option Pre-Feasibility Study Shiyela • Large diameter drilling f
Slide 9: Uranium Project Criteria
Uranium Project Criteria Grade: For personal use only • ~300ppm U3O8 for palaeochannel and sheetwash calcretes • ~400ppm U3O8 for hard rock open pit deposits (alaskites) • ~1,000ppm U3O8 for potential underground deposits Minimum 18Mlbs U3O8 per deposit with upside (15 yr mine life) Minimum producti
Slide 10: Omahola & TRS Project Locations
Omahola & TRS Project Locations For personal use only Ongolo & MS7 Alaskite (250 ppm cut-off) 25.8 Mt @ 416 ppm: 23.6 Mlbs INCA (250 ppm cut-off) 12.4 Mt @ 492 ppm: 13.4 Mlbs TRS (70 ppm cut-off) 87 Mt @ 148 ppm: 28.4 Mlbs Omahola JORC Resource: 38.2 Mt at 441 ppm for 37 Mlbs U3O8
Slide 11: TRS Project – MLA & Red Sand Area
TRS Project – MLA & Red Sand Area For personal use only TRS Deposit showing area with known red sand
Slide 12: TRS Project – Basics
TRS Project – Basics For personal use only Deposit Characteristics: Well-sorted wind-blown sand, low grade uranium Free flowing/loosely consolidated Large area along the Tubas palaeochannel Bulk of uranium in sub 20µm fraction Uranium mineral almost exclusively carnotite At~150ppm, generally conside
Slide 13: Why Physical Beneficiation?
Why Physical Beneficiation? For personal use only Decreases the physical weight of material to be handled Reduces amount of gangue and increases uranium concentration Some alternatives: • Radiometric sorting • Grinding and sizing • Gravity separation • Magnetic or Electrostatic separation • Floatati
Slide 14: The Schauenburg Solution
The Schauenburg Solution For personal use only Process: Hydrosort®- II Scrubbing Hydrosort®- I 3 X Hydrocyclones Successful Pilot Plant Test: Simple, physical beneficiation process Uranium Recovery >80% in <20% volume Carbonate reduction >80% Mass pull between 10% ~ 20% Uranium upgrade factor 7.9 (a
Slide 15: The Schauenburg Solution
The Schauenburg Solution For personal use only Hydrocyclone Schematic Pilot Plant
Slide 16: Bulk Sample for Testwork
Bulk Sample for Testwork For personal use only Spoil Pile Trench for Bulk Sample
Slide 17: Schauenburg Testwork
Schauenburg Testwork For personal use only Scrubbing Mineral Liberation
Slide 18: Schauenburg Testwork
Schauenburg Testwork For personal use only Flotation Tests Mineral Size Separation
Slide 19: Schauenburg Testwork
Schauenburg Testwork For personal use only Column Leach Open Flask Leach
Slide 20: Schauenburg Testwork
Schauenburg Testwork For personal use only Loaded IX Resin @ pH 2.5
Slide 21: Summary & Implications
Summary & Implications Successful Pilot Plant Testwork was conducted on a TRS For personal use only deposit bulk sample The deposit can be upgraded via physical beneficiation A uranium recovery in excess of 80% was achieved A uranium upgrade factor 7.9 was obtained Testwork also showed that the Scha
Slide 22: TRS Standalone Project Strategy
TRS Standalone Project Strategy For personal use only Develop sand mining operation with Schauenburg Plant on the TRS Deposit Construct Resin-In-Leach Circuit on the INCA MLA Produce loaded resin for sale to existing Namibian uranium producers Small columns transportable by truck – low volume, high
Slide 23: Project Timeline
Project Timeline For personal use only Aggressive timetable to production
Slide 24: Conclusions
Conclusions For personal use only DYL has unlocked the potential of the unique, low grade TRS deposit The solution is the application of a physical beneficiation process from Schauenburg MAB in Germany The newly increased resource base will allow a long life operation at around 500 tpa U3O8 Uranium
Slide 25: Contact Details
Contact Details For personal use only Greg Cochran Managing Director Deep Yellow Limited Level 1, 329 Hay Street Subiaco, Western Australia 6008 T +61 8 9286 6999 M +61 409 938-784 F +61 8 9286 6969 Email: greg.cochran@deepyellow.com.au Email: info@deepyellow.com.au Website: www.deepyellow.com.au
Slide 26: Appendices
For personal use only Appendices
Slide 27: JORC Resource Summary – Namibia
JORC Resource Summary – Namibia (02/12) Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category For personal use only (ppm U3O8) (M) (ppm) (t) (Mlb) REPTILE URANIUM NAMIBIA (NAMIBIA) Omahola Project INCA Indicated 250 7 470 3,300 7.2 INCA Inferred 250 5.4 520 2,800 6.2 Ongolo # Indicated 250 14.7 410 6
Slide 28: JORC Resource Summary – Australia
JORC Resource Summary – Aus (02/12) For personal use only Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category (ppm (M) (ppm) (t) (Mlb) U3O8) AUSTRALIA NAPPERBY PROJECT (NT, AUSTRALIA) Napperby Inferred 200 9.3 359 3,351 7.4 NAPPERBY TOTAL 9.3 359 3,351 7.4 MOUNT ISA PROJECT (QLD, AUSTRALIA) Mount Isa Ind
Slide 29: JORC Compliance Statements
JORC Compliance Statements For personal use only Namibia The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Leon Pretorius, a Fellow of the Australasian Institute of Mining and Metallurgy. Dr Pretorius, Managin
Slide 30: JORC Compliance Statements – Competent Person Statements
JORC Compliance Statements For personal use only COMPETENT PERSON STATEMENTS Queensland The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Martin Kavanagh, a Fellow of The Australasian Institute of Mining and M