Blue Sky Uranium Corp. · TSXV:BSK
Blue Sky Uranium — Investor Presentation (April 2023)
28 slides from Blue Sky Uranium's investor presentation, April 2023
Slide 1: Advanced Exploration at the Largest Uranium/Vanadium District in Argentina
Advanced Exploration at the Largest Uranium/Vanadium District in Argentina TSX-V: BSK OTC:BKUCF FSE:MAL2 April 2023 GROSSO GROUP MEMBER COMPANY www.blueskyuranium.com
Slide 2: Disclaimers and Cautionary Language
Disclaimers and Cautionary Language This presentation contains forward-looking information. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or impli
Slide 3: Investment Highlights
Investment Highlights Uranium ➢ Set for a global supply deficit ➢ Local in-country demand Market ➢ Floor value: 22.7 million lbs. uranium & 11.5 million lbs. vanadium (2019 PEA) Project ➢ Resource open for expansion ➢ Key targets identified within the property ➢ 145 km property length – district sca
Slide 4: Company Overview
Company Overview Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF, FSE:MAL2) Uranium is focused on acquiring, exploring and advancing Market towards uranium-vanadium production. ➢ Over 400,000 ha of prospective tenements in Argentina ➢ Amarillo Grande Project consists of three major properties: Projec
Slide 5: A Grosso Group Member Company
A Grosso Group Member Company ➢ Pioneers of mineral exploration in Argentina since 1993 ➢ Involved with four major discoveries in Argentina: ❖ Gualcamayo Au (Mineros SA) - A top gold producer in Argentina ❖ Navidad Ag-Pb (Pan American Silver Corp.) - Worlds largest undeveloped silver project ❖ Chinc
Slide 6: Team Highlights
Team Highlights President & Founder of One of the founders of Professional economic Grosso Group the Company with over geologist, senior Management Ltd. 30 years of management executive & director with Pioneer in the expertise in the mineral +30 years in the mineral exploration and mining exploratio
Slide 7: Strong Uranium Supply/Demand Fundamentals
Strong Uranium Supply/Demand Fundamentals WNA current predictions indicate a material supply deficit in the coming years Demand (Global Reactor Requirements) Gap Supply TSX-V: BSK OTC: BKUCF FSE: MAL2 7 www.blueskyuranium.com
Slide 8: Uranium Global Production
Uranium Global Production ➢ Uranium uses: ❖ 95% of the world’s production used for 2021 Global Uranium Production nuclear power ❖ 5% for medical, aerospace, electronics China India Ukraine South Africa Niger 4% 1% 1% 1% 5% ➢ Mines final product: Uranium dioxide Russia Kazakhstan 5% (U3O8) or natural
Slide 9: Pricing for Natural Uranium
Pricing for Natural Uranium ➢ 80% of the global supply is in Long-Term Contracts Argentina ❖ Traded through off-take agreements ❖ Objective to guarantee long-term supply stability Annual consumption 225 tonnes ❖ Usual term: 3-15 years ❖ Premium to spot: 30% - 40% Average CIF(1) price last 5 yrs USD
Slide 10: Argentina: Nuclear Infrastructure and Legal Framework
Argentina: Nuclear Infrastructure and Legal Framework ➢ Argentina is currently highly dependent on fossil fuel and hydroelectric power but has an advanced nuclear industry: ❖ 3 nuclear power ❖ 3 atomic centers plants in operation ❖ 1 heavy water plant ❖ 6 research reactors ❖ 1 uranium purification p
Slide 11: Amarillo Grande Project
AMARILLO GRANDE PROJECT Rio Negro Province
Slide 12: Blue Sky's Amarillo Grande Project Overview
Blue Sky’s Amarillo Grande Project Overview The Amarillo Grande Project incorporates a series of new uranium-vanadium discoveries made over 15 years along a 145 km trend covered by ~245,000 ha of mineral rights Santa Barbara Discovery (2006) - First uranium found in Rio Negro basin - Widespread uran
Slide 13: Rio Negro Province: A Strong Nuclear Jurisdiction
Amarillo Grande Project Rio Negro Province: A Strong Nuclear Jurisdiction ➢ Broad local nuclear experience: research nuclear reactor, hydro-metallurgical lab & pilot U-enrichment plant ➢ Good infrastructure: power, water, rail, road ➢ Open and mining-friendly jurisdiction: gold, copper and coal expl
Slide 14: Geology & Mineralization
Amarillo Grande Project Geology & Mineralization Characteristics of Sandstone-Type and Surficial-Type uranium-vanadium deposits ➢ Sandstone-type ❖ Grants District, NM and Kazakhstan deposits Carnotite coating clasts in gravel ❖ Hosted in clastic sediments at redox boundaries ❖ 18% of world resources
Slide 15: Comparable Geologic Setting as a model
Comparable Geologic Setting as a model Kazakhstan - Biggest Uranium Deposits Blue Sky’s Amarillo Grande Project ➢ Type of deposit: Sandstone Hosted Uranium ➢ >60% of world’s uranium production in 2019 ➢ Inkai mine was the first producer with sandstone deposits in Chu-Sarysu & Syrdarya basins; 2010 p
Slide 16: Ivana Deposit - Blue Sky's Flagship Discovery
Amarillo Grande Project Ivana Deposit - Blue Sky’s Flagship Discovery ➢ Near-surface (<25m) uranium & vanadium mineralization hosted by loosely consolidated sand & gravel ➢ Oxide (carnotite) plus partially oxidized “primary” (β-coffinite) mineralization ➢ Characteristics of both sandstone and surfic
Slide 17: Ivana Deposit
Amarillo Grande Project Ivana Deposit ➢ 5 km arcuate mineralized corridor with high-grade core ➢ Corridor 200 to +500 m wide, up to 23 m thick ➢ Open for expansion ➢ Gaps in drilling give infill expansion/upgrading opportunities with drilling ➢ 2019 pit sampling program indicated resource expansion
Slide 18: Ivana Deposit - Metallurgy & Process Testing
Amarillo Grande Project Ivana Deposit - Metallurgy & Process Testing • Highly successful test program optimized recovery of uranium & vanadium • A simple two-stage process using low environmental impact technology & reagents Stage 1: Simple wet Stage 2: Alkaline Leaching scrubbing & screening of Lea
Slide 19: Ivana Site Layout & Backfill Plan
Amarillo Grande Project Ivana Site Layout & Backfill Plan • Staged conventional surface mine • Coarse reject and fine tailings will be backfilled into the mine excavation TSX-V: BSK OTC: BKUCF FSE: MAL2 19 www.blueskyuranium.com
Slide 20: Ivana Deposit - Preliminary Economic Assessment
Amarillo Grande Project Ivana Deposit - Preliminary Economic Assessment Based on proposed surficial mining operation, no blasting. After Tax PEA Key Assumptions & Inputs Uranium price: $50/lb U3O8 NPV8%: Payback IRR: Vanadium Price $15/lb V2O5 $135.2 period: 29.3% Years of Construction 2 million 2.4
Slide 21: Ivana Deposit – Low Cost Production Potential
Amarillo Grande Project Ivana Deposit – Low Cost Production Potential Conventional In-Situ Recovery (ISR) Conventional Conventional (by-product) ISR Ivana U-V Deposit (Conventional) Shown on the Uranium World Mines 2018 Cost Curve (approximate location based on the February 2019 PEA) *Diagram source
Slide 22: Exploration Targets
Amarillo Grande Project Exploration Targets (1) Ivana deposit – Positive PEA with very low OPEX Open for expansion & upgrading – recent drill program completed; advanced process design testwork underway (2 & 3) Ivana Central & North – Previous exploration exposed potential for blind deposits and geo
Slide 23: Current Program – Ivana Deposit Advancement
Amarillo Grande Project Current Program – Ivana Deposit Advancement • 3,346 m RC drilling program recently completed at Ivana Deposit: • Positive results from step-out drilling to the W/SW suggests the opportunity for expansion of resources in future resource estimates • Positive results within and
Slide 24: Current Program – Exploration
Amarillo Grande Project Current Program – Exploration • Ivana North & Ivana Central • Recent exploration drilling program completed • Each target covers an area of approx. 4x7km • 1,591m in 40 holes completed at Ivana N. • Anomalous U in 30% of holes • Pathfinders similar to Ivana deposit • 2,637m i
Slide 25: Conclusions
Conclusions • Easy access. Provincial infrastructure in place • Geological setting and characteristics comparable to Kazakhstan producing districts – biggest in the world • 22.7M lb. uranium and 11.5M lb. vanadium in initial current mineral resource • Initial PEA establishes potential viability • Po
Slide 26: Investment Highlights
Investment Highlights Best-in-class management and Largest NI 43-101 Uranium resource technical team with proven prospect in Argentina, with Preliminary development success in Argentina Economic Assessment complete Amarillo Grande Project potential to Control of a Uranium/Vanadium district be the fi
Slide 27: Share Metrics & Ownership
Share Metrics & Ownership 52 Week Price Chart (@Mar 31, 2023) TSX-V: BSK, OTCQB: BKUCF As of March 31, 2023 Recent Share Price (CAD) 0.12 Market Cap (CAD) ~$22M 52-Week Price Range (CAD) $0.09-0.34 Shares Issued & Outstanding 217,854,807 Warrants (Avg. price $0.26) 120,013,171 Options (Avg. price $0
Slide 28: Contact
Contact Suite 312 – 837 West Hastings Street Vancouver, BC, Canada V6C 3N6 Telephone: +1-604-687-1828 Toll free: +1-800-901-0058 info@blueskyuranium.com www.blueskyuranium.com TSX-V: BSK OTC: BKUCF FSE: MAL2 28 www.blueskyuranium.com
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