Deep Yellow Limited · ASX:DYL
Deep Yellow — Shareholder Meeting (November 2023)
28 slides from Deep Yellow's shareholder meeting presentation, Nov 24, 2023
Slide 1: Building a Global Uranium Company – 2023 AGM Corporate Presentation
Building a Global Uranium Company 2023 AGM Corporate Presentation John Borshoff Managing Director/CEO 24 November 2023 DYL: ASX / NSX (Namibia) DYLLF: OCTQX www.deepyellow.com.au
Slide 2: Disclaimer
Disclaimer Past performance and readers should not place undue reliance on such forward-looking information. The Company disclaim any intent or obligations to finalise, check, update or revise any forward-looking statements whether as a result of new This presentation has been prepared by Deep Yello
Slide 3: Best Positioned Uranium Mid-Cap Company Globally
Best Positioned Uranium Mid-Cap Company Globally Deep Yellow has global diversity, which is seen as a necessity by off-takers – located in two Tier-1 mining jurisdictions Significant production capability - once in production, Deep Yellow will be the largest pure-play uranium producer on the ASX - p
Slide 4: Balanced & Optimised Team
Balanced & Optimised Team Steady and deliberate program upgrading board with appropriate Board experience and skill levels to ensure operational, financial and governance excellence Proven leadership who understands what needs to be developed for Leadership uranium supply in the post-Fukushima recon
Slide 5: A Year of Significant Advancement
A Year of Significant Advancement 1 Delivered the Tumas Define Feasibility Study with strong results 2 Continued exploration on development pipeline, building on future value Significant advancement at Mulga Rock though the development of critical 3 minerals and optimised process work 4 Comple
Slide 6: Delivering on Shareholder Growth
Delivering on Shareholder Growth 1,000 Considerable 800 Market Cap Increase in only 3 60% Market Capitalisation (million A$) years 600 40% $880M 400 $550M 326% $390M 200 $92M - November 20201 November 2021 November 2022 November 2023 1 Average Market cap for the month of November 6
Slide 7: Capital Structure – ASX Company - Performance FY23/early FY24
Capital Structure – ASX 300 Company - Performance FY23/early FY24 1.60 FY23 80 Market Cap Range A$450M - A$1.06B 1.40 70 1.20 60 1.00 50 A$/Share1 0.80 40 0.60 30 0.40 20 Merger Completion August 2022 0.20 Tumas DFS Completion 10 Feb 2023 Share Price U3O8 Price 0 0 25-Oct-20 25-Apr-21 25-Oct-21 25-A
Slide 8: Uranium is Critical for a Clean Energy Future
01 Uranium is Critical for a Clean Energy Future www.deepyellow.com.au
Slide 9: Significant Shift in Global Thinking COP28 - Triple Nuclear Power by 2050
Significant Shift in Global Thinking Bowen wants blank cheque as world looks to nuclear COP28 - Triple Nuclear Power by 2050 9
Slide 10: Where is the Supply?
Where is the Supply? Supply Industry Hampered Geopolitical Risks Increasing by Decades of Underinvestment Jeopardising Supply Uranium Inventory Global Mining Houses Rundown Accelerating Have Exited Industry Large Long-Life Assets Have Ceased Production Kazakhstan Supply Uncertainty Supply Line Chall
Slide 11: Nuclear Essential - Net zero nuclear initiative to triple nuclear by 2050
Nuclear Essential - Net zero nuclear initiative to triple nuclear by 2050 Nuclear becoming the clear winner. Uranium supply industry is well-placed for significant growth and value uplift in the global energy transition Most major economies in full alignment demanding more nuclear. This hasn’t happe
Slide 12: Footprint & Productivity of Nuclear vs Solar & Wind – Some Facts
Footprint & Productivity of Nuclear vs Solar & Wind – Some Facts Capacity Factors by Energy Source One x 1GW Nuclear Reactor equivalent To generate ● 3 Wind farms (each of 1GW) same Nuclear 93% ● 4 Solar farms (each of 1GW) electrical power as a Impact on land use & productivity – Land use for 1GW 1
Slide 13: Strong Global Nuclear Power Reactor Growth
Strong Global Nuclear Power Reactor Growth Status August 20231 Nuclear Reactors Proposed Reactors Globally China (154); India (28); Russia (21); US (18); UK (10); US (94); France (56); China (55) Japan (8); France (6); Korea 321 436 Russia (37); Japan (33); India (6); Other (70) (22); Korea (25);Can
Slide 14: Nuclear Fuel Cycle Under Severe Pressure
• Increasing demand for Nuclear Fuel Cycle Under Severe Pressure conversion and enrichment services causing Fabrication extraordinary price increases o SWU trading at a • Inevitable pricing pressure will 10 year high – move uranium price, as high US$134/SWU demand works down through fuel cycle (see
Slide 15: Project Pipeline Positioned for Growth and Value
02 Project Pipeline Positioned for Growth and Value www.deepyellow.com.au
Slide 16: Globally Diversified with Two Advanced, Long-Life Projects
Globally Diversified with Two Advanced, Long-Life Projects • Project portfolio provides diversity by asset, stage of Advanced-stage development and geographic location Early-stage to continue organic pipeline • Largest uranium resource base of any Omahola Alligator River ASX-listed company Namibia N
Slide 17: Tumas Project, Namibia - Overview
Tumas Project, Namibia - Overview ● Uranium and mining friendly jurisdiction Page 1 of 2 ● Ore Reserves of 67.3Mlb increased by 120% in CY2021 • 22.5-year LOM achieved ● DFS completed January 2023 ● EIA submitted April 2023. Grant of Mining Licence expected Q4/CY2023 ● Further 10+ years to LOM • Inf
Slide 18: Mulga Rock Project – 100% DYL
Mulga Rock Project – 100% DYL ● Located in the Tier-1 mining jurisdiction of Page 1 of 2 Western Australia with granted Mining Lease ● Globally significant Mineral Resource of 71.2Mt @ 570ppm for 90.1Mlb U3O8, positioning Mulga Rock as one of the largest undeveloped uranium projects in Australia ● O
Slide 19: Mulga Rock Project FY23 Activities
Mulga Rock Project FY23 Activities ● Geo-metallurgical samples drilling program Page 1 of 2 Princess ● Metallurgical test work indicates uranium recovery above 90% and critical minerals (Cu, Ni, Co, Zn) and rare earth elements (notably Nd/Tb/Dy/Pr) above 70% from 2018 DFS approx. 20% assumed Ambassa
Slide 20: Exceptional Exploration Upside
Exceptional Exploration Upside ALLIGATOR RIVER PROJECT, NORTHERN TERRITORY - 100% OMAHOLA BASEMENT PROJECT, NAMIBIA - 100% Page 1 of 2 ● Located in the world-class uranium province of Alligator ● Measured, Indicated and Inferred Resource base of 125Mlb River, which hosts some of the highest-grade ur
Slide 21: Looking Ahead - A Differentiated Company
03 Looking Ahead - A Differentiated Company www.deepyellow.com.au
Slide 22: Two Substantial, Advanced Uranium Projects to Produce +7Mlb
Two Substantial, Advanced Uranium Projects to Produce +7Mlb Page 1 of 2 Initial Investment Production Mulga Rock Project Tumas Project 1 2028 3.5 3.5 2026 2.0 3.0 3.6 3.6 3.6 1.5 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Tumas − 22.25YR LOM Mul
Slide 23: Key Workstreams – Strong News Flow
Key Workstreams – Strong News Flow Page 1 of 2 TUMAS PROJECT MULGA ROCK ALLIGATOR RIVER M&A • Q4 2023 – DFS repricing and • Q3 2023 – 656 air core drill • Q2 2023 - New resource • Ongoing - Continued focus further focused test work program completed for estimate for Angularli Deposit on accretive co
Slide 24: Best Positioned Pure-Play Uranium Investment
Best Positioned Pure-Play Uranium Investment Page 1 of 2 Deep Yellow is successfully establishing the right platform at the right time Uranium market backdrop creates exceptional opportunities in the post-Fukushima supply reconstruction era and taking advantage of a bifurcated market Growth initiati
Slide 25: Thank You
THANK YOU For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited
Slide 26: Appendix Mineral Resources
Cut-off Tonnes U3O8 U3O8 U3O8 Resource Categories (Mlb U3O8) Deposit Category (ppm Appendix (M) (ppm) (t) (Mlb) Measured Indicated Inferred U3O8) BASEMENT MINERALISATION Mineral Resources INCA Deposit ♦ Indicated Omahola Project - JORC 2012 1 100 21.4 260 5,600 12.3 - 12.3 - Notes: INCA Deposit ♦ In
Slide 27: Appendix Mineral Resources
Cut-off Tonnes U3O8 U3O8 U3O8 Resource Categories (Mlb U3O8) Appendix Deposit Category (ppm (M) (ppm) (t) (Mlb) Measured Indicated Inferred Mineral Resources U3O8) Northern Territory Angularli Project - JORC 2012 1 Angularli Inferred 1,500 1.37 10,900 14,917 32.9 - - 32.9 Notes: Angularli Project Su
Slide 28: Ore Reserves
Ore Reserves Cut-off Tonnes U3O8 U3O8 U3O8 Reserve Categories (Mlb U3O8) Deposit Category (ppm U3O8) (M) (ppm) (t) (Mlb) Proved Probable Namibia Tumas Project - JORC 2012 1 Tumas 3 Probable 150 44.9 414 18,600 41.0 - 41.0 Tumas 1E Probable 150 29.5 266 7,850 17.3 - 17.3 Tumas 1 and 2 Probable 150 13