Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Peninsula Minerals — Investor Presentation (October 2009)
34 slides from Peninsula Energy's investor presentation, Oct 21, 2009
Slide 1: Company Presentation
For personal use only 21 October 2009 Companies Announcement Office Via Electronic Lodgement COMPANY PRESENTATION Attached is the updated Peninsula Minerals Limited presentation. A copy of the presentation can also be obtained from our website at: www.peninsulaminerals.com.au. Yours Sincerely Jonath
Slide 2: Developing Uranium Projects on Three Continents
For personal use only Developing Uranium Projects on Three Continents
Slide 3: Overview
Overview Emerging uranium producer with projects on three continents For personal use only Production target of 1.5m lbs p.a. by 2012 from Wyoming Targeting production increasing to 4.5m lbs p.a. by 2016 from Karoo Current drilled uranium mineralisation at 16 projects Exploration potential of 140-22
Slide 4: Projects Summary
Projects Summary 4 95 km2 land holding For personal use only 13 project areas of drill defined mineralisation Averaged project grade up to 1,250ppm eU3O8 39-60m short tons at 500-700ppm for 50-76m lbs U3O8 exploration target Successful production from pilot plant utilising low cost ISR mining method
Slide 5: Corporate
Corporate ASX:PEN Shares on issue 1,356,919,154 For personal use only ASX:PEN Share price $0.053 Market capitalisation $71,916,715 Cash balance 30 September 2009 $10,700,000 Debt $0 Enterprise value $61,216,715 Equity Facility $50,000,000 Major shareholders Options on issue Number Strike Expiry List
Slide 6: Directors and Management
Directors and Management Board of Directors For personal use only Executive Chairman Gus Simpson Strong leadership, corporate and project management skills Technical Director Dr. Alan Marlow PhD in economic geology and uranium specialist Non Executive Director Malcolm James Strong corporate and proj
Slide 7: Uranium Supply / Demand
Uranium Supply / Demand Strong demand outlook For personal use only Relatively static supply Source : WNA Sep09 Source: Paladin Energy Investor Update March 2009 Supply Side Issues - Recent Uranium Project Suspensions Uranium Price Cigar Lake development delay due to mine flooding (October 2006 / Au
Slide 8: USA Uranium Mining
USA Uranium Mining USA – A Mining Country Wyoming – A Mining State For personal use only 1980 the USA was the world's largest uranium USA’s leading uranium producer producer (40m lbs) Continuous production since 1951 2003 production contracted to 1.7m lbs All current production from In-Situ Recovery
Slide 9: Lance Projects - Geology
Lance Projects - Geology Roll Front Formation ISR criteria For personal use only 1. Containment – deposits must be located between two impermeable layers of clay or shale 2. Permeability - rock or sand must be porous and allow lixivant (the oxygen and bicarbonate solution) to flow through the deposi
Slide 10: Lance Projects - In Situ Recovery Process
Lance Projects - In Situ Recovery Process Groundwater is combined with oxygen and For personal use only bicarbonate and is circulated through the deposit via injection and recovery wells The oxygen enriched water moves through the aquifer and dissolves the in situ uranium The uranium enriched soluti
Slide 11: Lance Projects – Projects
Lance Projects – 13 Projects Wide spread mineralisation (37km of strike) For personal use only 22 roll fronts extend for a combined linear strike length of 127 miles (207 km) 13 projects with existing uranium mineralisation 5,036 holes drilled for 912,000m Significant exploration upside Ross & Barbe
Slide 12: Ross Project – Geology
Ross Project – Geology For personal use only Two main mineralised zones at Ross Shale seals above and below Sinuous roll front geometry favorable for high ratio of U3O8 per km of strike Hydrologic testing shows containment of mineralised aquifers, necessary for ISR permitting Depths of mineralisatio
Slide 13: Ross Project – Stratigraphic Continuity
Ross Project – Stratigraphic Continuity For personal use only 2km Uranium Mineralisation shown in red is dominantly within the Upper Fox Hills Formation
Slide 14: Ross Project – 3D Model
Ross Project – 3D Model For personal use only Drill data is being modelled in 3D This will enable : Geological correlation Resource estimates Well field planning
Slide 15: Ross Project – Current Mineralisation
Ross Project – Current Mineralisation For personal use only Mineralised Holes at Ross from original database (677 holes) 500m N Note: the project areas are indicative only and Original mineralised holes could change according to practical considerations i.e. roll front movement etc.
Slide 16: Ross Project – Additional Mineralisation
Ross Project – Additional Mineralisation For personal use only New database contains full grade and geology for all holes 380 additional mineralised holes identified in new data 500m N New Database and original mineralised holes
Slide 17: Ross Project – Additional Mineralisation
Ross Project – Additional Mineralisation For personal use only SPD347M SPD829R returned 53.5ft @ 432ppm U3O8 SPD153R returned 6.5ft @ 1,638ppm U3O8 SPD153R SPD347M returned 3.5ft @ 2,172ppm U3O8 SPD829R Detailed disequilibrium study allows grades from NuBeth holes at Ross to be increased by 27% The
Slide 18: Ross Project – Two sand horizons identified
Ross Project –Two sand horizons identified For personal use only A Sand horizon Roll Fronts interpreted as extending outside the current drilled area High priority Drilling these extensions should increase the mineralisation target size to 8m – 12m lbs U3O8 combined extension from both sand horizons
Slide 19: Ross Project – Two sand horizons identified
Ross Project – Two sand horizons identified For personal use only B Sand horizon Roll Fronts interpreted as extending outside the current drilled area High Drilling these extensions should increase the priority target size to 8m – 12m lbs U3O8 combined resource from both sand horizons extension targ
Slide 20: Barber Project – Current Mineralisation
Barber Project – Current Mineralisation For personal use only At least 8 mineralised sand horizons identified Minimal delineation of Barber mineralisation due to the shift to Ross Development N 1km Note: the project areas are indicative only and Mineralisation outlines could change according to prac
Slide 21: Barber Project – Current Mineralisation
Barber Project – Current Mineralisation For personal use only Mineralised Holes at Barber from original database (261 holes) N 1km Original mineralised holes
Slide 22: Barber Project – New Database adds mineralisation
Barber Project – New Database adds mineralisation For personal use only New database contains full grade and geology information for all holes Additional 277 mineralised holes identified N 1km New Database and original mineralised holes
Slide 23: Barber Project – New Database adds mineralisation
Barber Project – New Database adds mineralisation For personal use only SPD137E returned 15ft @ 3,837ppm U3O8 SPD153E returned 23.5ft @ 1,156ppm U3O8 SPD139E returned 7ft @ 3,810ppm U3O8 Detailed disequilibrium study allows grades from NuBeth holes at Barber to be increased by 27% SPD137E The grade
Slide 24: Barber Project – New Database adds mineralisation
Barber Project – New Database adds mineralisation For personal use only New drilling will expand the resource along interpreted roll front trends Drilling outside of the current mineralised areas is expected to achieve the exploration target of 4-6m lbs U3O8 with a potential to increase to 8m–12m lb
Slide 25: Lance District – Existing Mineralised Areas
Lance District – Existing Mineralised Areas For personal use only 11 other areas of mineralisation outside of the Ross and Barber projects Ross 37km Barber N Note: the project areas are indicative only and could change according to practical considerations i.e. roll front movement etc.
Slide 26: Lance District – Mineralisation Expansion
Lance District – Mineralisation Expansion For personal use only Inclusion of drill hole data from the new data base will increase the uranium endowment of the district 37km N
Slide 27: Lance District – Mineralisation Expansion
Lance District – Mineralisation Expansion The original estimate of 207km of roll fronts For personal use only over a strike length of 37km is likely to increase Target size of 50-76m lbs U3O8 is expected to increase 37km N
Slide 28: Lance Projects – Development Model
Lance Projects – Development Model Targeting production of 1.5m lbs p.a. U3O8 from Wyoming projects by Q1 2012 For personal use only Focus: target 15m lb U3O8 of JORC resource at – Ross is 6 - 9 million short tons @ 500 - 700ppm U3O8 for 8 -12m lbs U3O8 – Barber is 3 - 4 million short tons @ 700 - 9
Slide 29: Lance Projects – Preliminary Scoping Study
Lance Projects – Preliminary Scoping Study US$ per lb US$ / Year ISR mining with centralised For personal use only Revenue $65 $98 million plant Capex Amortisation $1.3 $2 million Uranium mineralisation over Financial cost (10%) $2.7 $4 million the 13 projects range between 500 - 1200ppm eU3O8 Opera
Slide 30: Lance Projects – Activities
For personal use only Lance Projects – Activities 2009 2010 2011 2012 Permitting Exploration Resource Definition FS Construction Commissioning
Slide 31: Karoo Projects, South Africa (PEN 74%)
Karoo Projects, South Africa (PEN 74%) Consists of 6 project areas The Karoo is one For personal use only 1,300 drill holes - Sites 22, 29 and 45 of the main areas Drill defined mineralisation at sites 22, 29,and 45 with grades to 1,400ppm eU3O8 of focus for uranium U and Mo mineralisation has been
Slide 32: South Africa Mining Environment
South Africa Mining Environment Mining is the most important source of export income for South Africa For personal use only PEN’s has the required BEE partner which holds 26% of the Projects South Africa has an active uranium industry The SACG flew a 1km spaced radiometric survey in 1976 over the pr
Slide 33: Karoo Projects - Activities
For personal use only Karoo Projects - Activities 2010 2011 2012 2012 Historic Resource Definition Testing New Target Areas Regional Exploration
Slide 34: Why Invest In Peninsula?
Why Invest In Peninsula? For personal use only 34 Emerging uranium producer with projects on three continents Current drilled uranium mineralisation at 16 projects Exploration potential of 140-226m lbs between Wyoming and Karoo project areas Production target of 1.5m lbs p.a. by 2012 from Wyoming Ta
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