Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Shaw and Partners Uranium Conference (March 2023)
29 slides from Peninsula Energy's conference presentation, Mar 28, 2023
Slide 1: Advancing the Restart of Uranium Production at Lance
For personal use only A DVANCING THE R ESTA RT OF UR ANIUM PROD U CTION AT L ANCE M a r c h 2023 S h a w a n d Pa r t n e r s U ra n i u m C o n fe r e n c e ASX:PEN; OTCQB:PENMF 1
Slide 2: Important Notice & Disclaimer
Im p o r t a nt N o t i c e & D i s cl a i m e r For personal use only This Presentation contains summary information about the current activities of Peninsula Energy Limited (the “Company”) as at the date of this Presentation. The information in this Presentation is of a general nature and does not
Slide 3: Disclaimer & Competent Person
D i s cl a i m e r & Co m p et e nt P e r s o n For personal use only The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and any such restrictions should be observed. In particular, this Presentation may not be distributed or released in the United Stat
Slide 4: Cautionary & Inferred Resources Notice
Ca u t i o n a r y & In fe r re d R e s o u rc e s N o t i c e For personal use only The Definitive Feasibility Study completed for the Lance Projects includes measured and indicated resources and an assumed resource conversion of 61% (inferred to indicated or greater). The purpose of the Definitive
Slide 5: Progressing Towards Uranium Production
For personal use only PR O GR ES SIN G TO WA R D S UR A NIUM PR O D U CT I O N PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 5
Slide 6: The Next Major US Uranium Producer
T h e N e x t Ma j o r US Ura ni u m P ro d u c e r For personal use only Flagship Improved Significant Near-Term Well-Funded Proven Lance ISR Processing Growth Production for Restart Team Project Method Potential One of the Commercial Lance will be Building the Cash balance Highly largest US produc
Slide 7: Lance Production Scheduled for Mid-Year 2023
La n c e P ro d u c t i o n S c h e d ul e d fo r Mi d - Ye a r 2023 For personal use only • Positive Financial Investment Decision (FID) made in Nov 2022 to restart uranium operations • Current plant capacity of 0.82Mlbs U3O8 per year. Licensed to produce up to 3Mlbs U3O8 per year • Capital expendi
Slide 8: Corporate Overview
Co rp o ra t e O v e r v i e w For personal use only 1,257m A$0.125 A$157m Nil US$25.1m 210 klbs Cash U3O8 Inventory Shares on Issue Share Price Market Term Debt (31 Dec 2022) (31-March 2023) (27 March 2023) (27 March 2023) Capitalisation Board of Directors Share Price Performance Management Team Mr
Slide 9: Applying the Industry Leading Low-pH ISR Process
A p p ly i n g t h e In d u s t r y Le a di n g Lo w - p H ISR P ro c e s s For personal use only Low pH ISR is a proven • Over 60% of global uranium produced in 2021 was via low pH ISR and effective method of • Low pH IRS projects sit in the lowest quartile for production costs uranium production R
Slide 10: Uranium, Nuclear and a Clean Energy Future
Ura ni u m , Nu cl e a r a n d a Cl e a n En e rg y Fu t u re For personal use only • Nuclear power gaining momentum and support globally as a critical part of the green energy mix • Global recognition of the important role nuclear power will play in meeting aggressive de-carbonization targets • Nuc
Slide 11: Uranium & Nuclear Energy in the United States
Ura ni u m & Nu cl e a r En e rg y i n t h e Uni t e d St a t e s For personal use only “Nuclear power provides 52% of “A clear demand signal for domestic production, America’s clean energy. conversion and enrichment” Because nuclear power plants operate at full capacity more than 92% of the time, i
Slide 12: The Lance Uranium In-Situ Recovery Project
For personal use only T HE L A N CE UR A NIUM IN - SIT U R EC OV ER Y PR OJECT PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 12
Slide 13: Lance – A Premier Uranium Project
La n c e – A P re mi e r Ura ni u m P ro j e c t For personal use only Powder River Basin WYOMING, USA Lance Regional Setting Located in Wyoming USA, a leading US uranium extraction jurisdiction PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 13
Slide 14: The Lance Projects
T h e La n c e P ro j e c t s For personal use only • Ross • Fully licensed Uranium ISR production facility • Estimated Resource of 5.9 Mlbs U3O8 - 4.1 Mlbs are estimated to be produced • 2 developed Mine Units (MU-1 and MU-2), with potential for an additional 2-3 Mine Units • Kendrick • The next se
Slide 15: Development of Ross Area Mine Unit
D e v e l o p m e nt of R o s s A re a Mi n e Uni t 3 For personal use only • Three contract drilling rigs are actively preparing the new Mine Unit Three (MU-3) • Construction activities within MU- 3 are planned for commencement during the upcoming North American summer months • Production within MU
Slide 16: The Lance Projects Resources
T h e La n c e P ro j e c t s R e s o u rc e s For personal use only “One of the largest US Uranium ISR Projects known” Lance Projects Resource Estimate as at 31 Dec 20211 ✓ A modern, large-scale, long-life, constructed and fully-permitted project Classification Tonnes U3O8 Grade U3O8 (million) (Mkg
Slide 17: Key Ross and Kendrick DFS Results
Key R o s s a n d Ke n d r i c k D FS R e s ul t s For personal use only “Strong results supported by a quality resource and detailed technical evaluations” DFS Case: 2-Stage Ramp-up to 2 Mlbs/yr. ROSS AND KENDRICK DFS RESULTS Estimated Life of Mine (LoM) 14 years ✓ Includes Ross and Kendrick, but n
Slide 18: Preparations for Re-Start are Underway
P re p a ra t i o n s fo r R e - St a r t a re Un d e r wa y For personal use only • Required Construction • Mine Unit -1 : Complete • Chemical Storage and Distribution • Installation Underway • Process Plant: Ongoing • Piping and Pumping Modification • Ion Exchange Resin Replacement • Capital Requi
Slide 19: Systematic Progress Leading to Production Restart
Sy s t e m a t i c P ro g re s s Le a di n g To P ro d u c t i o n R e s t a r t For personal use only BY MID- YEAR 2023 • START PRODUCING ✓ COMPLETE ✓ COMPLETE ✓ COMPLETE FROM MU 1 and 2 AREAS • DEVELOPMENT OF NEW AREAS TECHNICAL PROJECT INVESTMENT FOR OPTIMISATION ECONOMICS DECISION NEXT 12 PRODUC
Slide 20: Uranium Sales and Inventory
For personal use only UR A NIUM S A LES A ND IN V EN TO R Y PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 20
Slide 21: Peninsula's Key Differentiator
P e ni n s ul a ’ s Key D i ffe re nt i a t o r For personal use only “An established uranium sales contract book” • A junior uranium company with a track record of meeting delivery requirements since 2016 • Sales contracts in place for up to 5.25 Mlbs U3O8 extending through 2033 • With major utilit
Slide 22: Physical Uranium Inventory
P h y s i c a l Ura ni u m In v e nt o r y For personal use only ➢ EOY 2022 Inventory of 510,000 lbs. of uranium concentrate • Includes inventory of 300,000 lbs. committed to the US-DOE sale in Q1 CY2023 • Now delivered with payment received • Balance of 210,000 lbs. uncommitted strategic inventory
Slide 23: A Compelling Uranium Proposition
For personal use only A C O MPELLIN G UR A NIUM PR O P OSITIO N PENINSULA ENERGY ASX:PEN; OTCQB:PENMF 23
Slide 24: ESG Is In Our DNA
ES G Is In O u r D N A ESG principles have always been core values for Peninsula. The Company is For personal use only committed to being a responsible member of our local and global communities. We foster a safe, healthy and diverse workplace culture with a strong emphasis on environmental stewards
Slide 25: The Peninsula Advantage
T h e P e ni n s ul a A d va nt a g e For personal use only ✓ Flagship Project Located in a tier-one mining and uranium jurisdiction ✓ Production restart scheduled for mid-year 2023 ✓ A long-life operation, with excellent exploration and development growth upside ✓ Project restart funded through cur
Slide 26: Contact Details
For personal use only Co nt a c t D et a il s REGISTERED OFFICE Units 32/33, Level 3 22 Railway Road Subiaco, Western Australia 6008 Australia Phone: +61 8 9380 9920 www.pel.net.au info@pel.net.au FURTHER INFORMATION Wayne Heili Managing Director/CEO +1 (307) 467-9401 26
Slide 27: Appendix – Resources
A p p e n di x 1 – R e s o u rc e s For personal use only Lance Projects Resource Estimate as at 31 December 20211 Classification Tonnes U3O8 Grade U3O8 (million) (Mkg) (ppm U3O8) (Mlbs) Measured 3.4 1.7 491 3.7 Indicated 11.1 5.5 496 12.1 Inferred 36.2 17.2 474 37.8 Total 50.7 24.3 480 53.7 1) JORC
Slide 28: Appendix - Lance Exploration Target Additional Disclosure
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re For personal use only Exploration Target1 The Lance Projects cover a significant proportion of the Powder River Basin Basin Cretaceous sandstones of Wyoming, which are believed to represent an Exploration T
Slide 29: Appendix - Lance Exploration Target Additional Disclosure
A p p e n di x 2 - La n c e Ex p l o ra t i o n Ta rg et A d di t i o n a l D i s cl o s u re For personal use only Basis of Grade and Tonnage Range Determination The level of exploration activity on which the Exploration Target is based is considered to be high due to the combination of a database
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