Slide 1: PhillipCapital Uranium Roundtable
Deep Yellow For personal use only Limited PhillipCapital Uranium Roundtable Sydney, 4 April 2013 Greg Cochran – Managing Director ASX: DYL www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer This document has been prepared by Deep Yellow Limited (Deep Yellow, DYL or the Company) in connection with providing an overview to For personal use only interested analysts and investors. This presentation is being provided for the sole purpose of providing information to enable recipie
Slide 3: Presentation Overview
Presentation Overview For personal use only Corporate Overview Corporate Highlights Uranium in Namibia Omahola Project Other Projects 3
Slide 4: Corporate Overview
Corporate Overview For personal use only The Board Capital Structure – as at 25 Mar 2013 Mervyn Greene Chairman Shares on Issue 1,560.7 M Greg Cochran Managing Director Performance Rights 16.837 M Martin Kavanagh Executive Director Market Cap (@ 5.0c) ~ AUD78 M Gillian Swaby N.E.D Net Cash ~AUD6 M R
Slide 5: Corporate Highlights
Corporate Highlights For personal use only Omahola is Namibia’s last independently held high grade alaskite project Clear Focus Divesting Australian portfolio and joint venture non-core projects Seeking to retain longer term optionality Namibia is a proven uranium mining jurisdiction Favourable Loca
Slide 6: Uranium in Namibia: Grade is critical
Uranium in Namibia: Grade is critical Numerous large but low grade For personal use only deposits – what’s economic? 6
Slide 7: Omahola Project: Overview
Omahola Project: Overview JORC Resource: 48.7 Mt at 420 ppm for 45.1 Mlbs U3O8 For personal use only Located in Namibia’s “Alaskite Alley” Higher grade deposits associated with Chuos Formation marbles and skarns within the alley(Rossing and Husab) Multiple deposits to feed one plant: • Ongolo and MS
Slide 8: Omahola Project: Consistent Progress
Omahola Project: Consistent Progress For personal use only 8
Slide 9: Omahola Project: Exploration Success
Omahola Project: Exploration Success… For personal use only …has rapidly grown the resource base… 9
Slide 10: Omahola Project: Current Status
Omahola Project: Current Status Drilling programme designed to achieve resource critical mass by: For personal use only • Increasing size and confidence of Ongolo and MS7 • Systematically drilling the Ongolo-MS7 trend to identify additional high- grade satellite deposits • Recent Ongolo South and MS
Slide 11: Omahola Project: Metallurgical test work
Omahola Project: Metallurgical test work For personal use only Recently completed column test has shown that heap leach processing could be utilised Uranium recovery was approximately 80% after 7 days with low overall sulphuric acid consumption of 12.4 kg/t Theoretical maximum uranium recovery was a
Slide 12: Omahola Project: Process Options & Size
Omahola Project: Process Options & Size For personal use only Cut-off Tonnes U3O8 U3O8 U3O8 (ppm U3O8) (M) (ppm) (t) (Mlb) 100 298 191 56,825 125 150 140 269 37,610 83 200 76 346 27,166 60 250 49 420 20,462 45 Provides development optionality around high grade resource zones 12
Slide 13: Other Namibian Projects
Other Namibian Projects For personal use only 4,195 km2 exploration area: 109.5 Mlbs U3O8 in JORC resources Note: Exploration in Namibia is conducted by DYL’s wholly- owned subsidiary Reptile Uranium Namibia (RUN) 13
Slide 14: Tubas Sand Project
Tubas Sand Project JORC Resource: 87 Mt at 148 ppm for 28.4 Mlbs U3O8 For personal use only Sand mining operation, upgradeable via simple physical beneficiation • “Schauenburg” Plant • Mass pull 10 - 20%, uranium recovery>80% • U3O8 upgrade of 6~8 times Leach circuit and resin loading (saleable prod
Slide 15: 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 16: Appendices
For personal use only Appendices
Slide 17: Namibia: Title & Tenure
Namibia: Title & Tenure Reconnaissance Licence (RL) For personal use only Valid for 6 months (renewable under special circumstances) and can be exclusive in some instances. Allows regional remote sensing techniques. A work plan must be submitted to the Mining Commissioner. Exclusive Prospecting Lice
Slide 18: Namibia: Taxation & Empowerment
Namibia: Taxation & Empowerment Taxation For personal use only Mining company corporate income tax rate 37.5% payable on taxable profit. Capital allowances on machinery, equipment and vehicles taken on a straight line basis over three years. Exploration costs fully deductable in the year that mining
Slide 19: Board of Directors
Board of Directors Broad range of mining, technical and financial experience For personal use only Over 20 years investment banking and Over 25 years as a senior mining Mervyn Greene entrepreneurial experience executive Greg Cochran Chairman Formerly Morgan Stanley and London Managing Director Forme
Slide 20: Senior Management Team
Senior Management Team Supplementing proven operational delivery with a broader capability For personal use only Mining engineer with over 30 years international mining experience Peter Christians Worked in the USA, Southern and West Africa and Australia Country Manager Extensive uranium experience
Slide 21: JORC Resources - Namibia
JORC Resources - Namibia Cut-off Tonnes U3O8 U3O8 U3O8 Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) For personal use only NAMIBIA Omahola Project INCA Indicated 250 7.0 470 3,300 7.2 INCA Inferred 250 5.4 520 2,800 6.2 Ongolo # Measured 250 7.7 395 3,040 6.7 Ongolo # Indicated 250 9.5 372 3
Slide 22: JORC Compliance Statement
JORC Compliance Statement The information in this report that relates to Exploration Results, is based on information compiled by Dr Leon Pretorius and Mr Martin Kavanagh, both Fellows of the Australasian Institute of Mining and Metallurgy. Dr Pretorius was previously Managing Director of Reptile Ur