Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — Investor Presentation (September 2007)
22 slides from Bannerman Energy's investor presentation, Sep 17, 2007
Slide 1: An Emerging International Uranium Producer
For personal use only An Emerging International Uranium Producer September 2007 Level 2 22 Oxford Close, West Leederville, Western Australia Ph: +61 (0)8 9381 1436 Email: admin@bannermanresources.com.au PO Box 1681 West Perth, Western Australia, 6872 Fax: +61 (0)8 9381 1068 Web: www.bannermanresourc
Slide 2: Disclaimer
DISCLAIMER For personal use only NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES This presentation includes certain statements that may be deemed to be “forward looking statements”. All statements that refer to any future production, resources or reserves, ex
Slide 3: Summary
SUMMARY For personal use only SCOPING STUDY • 15 Mt pa Mining and Milling Operation • Target production: 2,900t to 4,000t pa U3O8 (6.5 – 8.8Mlbs) • Operating Costs: US$27.18 to US$30.16 per lb • Capital Costs: <US$400M • Low Risk, conventional acid leach processing analogous to Rossing RESOURCE GROW
Slide 4: Bannerman Resources Limited
BANNERMAN RESOURCES LIMITED For personal use only ASX listed company developing world class uranium project Located in Namibia, Southern Africa Highly active uranium province Rössing mine: RIO TINTO (65%) – operating for >30 years Langer Heinrich mine: PALADIN RESOURCES Ltd. Trekkopje Deposit: URAMI
Slide 5: Management / Capital Structure
MANAGEMENT / CAPITAL STRUCTURE For personal use only Alastair Clayton Non-Executive Chairman Peter Batten Managing Director Clive Jones Non-executive Director Nathan McMahon Non-executive Director Class Shares % Escrowed TOTAL 127.6 M 100% - Options Number Exercise Price Exercise Date Directors / Ve
Slide 6: The Uranium Market
The URANIUM MARKET For personal use only 442 Reactors Currently Operating Producing 16% of the worlds electricity in 31 countries 28 Reactors under construction & 222 Reactors planned or proposed 41,600t U: Annual production versus Current Reactor Demand 66,500t U: Annual reactor demand France 17% J
Slide 7: Namibian Projects
NAMIBIAN Projects For personal use only Trekkopje Two highly prospective projects: Valencia Goanikontes & Swakop River Rossing Goanikontes Along strike of the Rössing U mine Trekkopje Swakopmund Primary alaskite hosted U mineralisation Valencia Swakop Swakop River River (BMN) Walvis Bay Surrounds La
Slide 8: Scoping Study: Mining and Milling Operation
SCOPING STUDY For personal use only 15 Mt pa Mining and Milling Operation Target production: 2,900t to 4,000t pa U3O8 (6.5 – 8.8Mlbs) Operating Costs: US$27.18 to US$30.16 per lb Capital Costs: <US$400M Low Risk, conventional acid leach processing analagous to Rossing. Modular Plant Design allows fo
Slide 9: Consultants
SCOPING STUDY - Consultants For personal use only Study conducted by IMO (Independent Metallurgical Operations) & Coffey Mining (formerly RSG Global) IMO utilised the services of industry recognised enginners: Mr David Lunt; Process Engineer. Has previously worked on feasibility & design of Langer H
Slide 10: Base Parameters
SCOPING STUDY - Base Parameters For personal use only Study utilised existing Interim Resource of 55Mt @ 219ppm U3O8 (27Mlbs) Coffey Mining extrapolated this to 350m depth and 2.2km strike Optimisation then performed using US$45 /lb price and IMO process costs IMO recommended final plant to be scale
Slide 11: Mining & Processing
SCOPING STUDY - Mining & Processing For personal use only Contract mining via open pit drill and blast followed by load and haul Mining costs of around US$12/lb. Waste to ore strip ratio of 1.5 - 2.0 to 1 achievable Two processing options investigated - HPGR Circuit: dry comminution, P80 size 1.3mm
Slide 12: Processing Options
SCOPING STUDY - Processing Options For personal use only Design incorporates: crushing, grinding, acid leaching, solvent extraction, precipitation & calcination producing U3O8 ‘yellowcake‘ product Conventional acid leach supported by mineralogical and metallurgical testwork. Excellent recoveries Two
Slide 13: Flowsheet (SAG/Ball Option)
SCOPING STUDY Flowsheet (SAG/Ball Option) For personal use only
Slide 14: Infrastructure
SCOPING STUDY - Infrastructure For personal use only Excellent location close to major port, roads, labour, rail and other mines Located just 30 km east of the coastal town of Swakopmund and 40km 40km northeast of the major seaport of Walvis Bay, Namibia. Rossing and Langer Heinrich uranium mines in
Slide 15: Costs
SCOPING STUDY - Costs For personal use only Capital and Operating Costs provided to an accuracy of +/-30% Capital costs include; plant, infrastructure, EPCM, commissioning etc… Operating costs include; labour, power, reagents, maintenance & admin. CAPITAL COSTS OPERATING COSTS HPGR Cost SAG/Ball Cos
Slide 16: Enhancements
SCOPING STUDY - Enhancements For personal use only Several processing, operating and infrastructure options have the potential to enhance the economics of the project: Radiometric Sorting Can potentially reduce the mass flow through the circuit by ~23%. ~23%. Flow on benefits include; reduction in a
Slide 17: Goanikontes Timetable
GOANIKONTES TIMETABLE For personal use only 2006 2007 2008 2009 2010 2011 Licences Granted EPA Approvals …Rapidly progressing Res. Drilling (Anomaly ‘A’) towards production Th Interim Res. ‘A’ e Ai m Scoping … Study TSX Listing To become a Top 10 World Expand Exploration Producer Resource ‘A’ Resour
Slide 18: Resource Comparison
Resource Comparison For personal use only PROJECT OWNER U3O8 Namibian Resources (tonnes U3O8) MINES Mlbs Tonnes Olympic Dam BHPB 3,500 1,600,00 Ranger ERA 207 94,122 ROSSING Resc. 135,000t Resv. 37,000t Beverley Heathgate/Alliance 46.2 21,000 RESOURCES (Australian) VALENCIA Resc. 28,200t Resv. Jabil
Slide 19: Drill Intercepts (U3O8) Anomaly A
29m @ 449 ppm Drill Intercepts (U3O8) ANOMALY A 81m @ 225 ppm Recent Drilling For personal use only incl. 9m @ 908 ppm 24m @ 242 ppm 27m @ 319 ppm 63m @ 406 ppm Better grades and widths occur Interim Resource (12,200t U3O8) incl. 19m @ 709 ppm below base of current resource 41m @ 570 ppm model: 2.25
Slide 20: Exploration Upside
EXPLORATION UPSIDE For personal use only Interim resource estimate of 27M lbs U3O8 in top 80m only at Anomaly A 20 kilometres SW of Rössing e Area of m new Do Rossing g discovery ur gb Over 37km of priority alaskite n si s Ro stratigraphy to be explored Numerous large outcropping’hot’ alaskites with
Slide 21: Exploration Further Afield
TARGET Exploration Further Afield A LOT TO DO…. For personal use only ‘Ombuga’ A “D” Type Alaskite B “E” Type Alaskites Anomaly A 2 x 2km long each Target ??M lbs U3O8 Rossingburg ’13’ e m ~4km long Do g Target ??M lbs U3O8 ur si s ngb D Ro ‘Ombepo’ 2km long, ~100m wide C “D” Type Alaskites D Scinti
Slide 22: Summary
SUMMARY For personal use only World class resource in a world class province Rossing mine (Rio Tinto), Langer mine (Paladin), Trekkopje (Areva/Uramin) Extremely robust project economics Opex~US$30/lb, capex cost <US$400M short term payback Independent democratic African nation Rated as 2nd best coun
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