Deep Yellow Limited · ASX:DYL
Deep Yellow — Africa Down Under Conference 2013
28 slides from Deep Yellow's conference presentation, Aug 28, 2013
Slide 1: Africa Down Under Conference: DYL's Untapped Exploration Potential
Deep Yellow For personal use only Limited Africa Down Under Conference 28 August 2013 “DYL’s Untapped Exploration Potential” Greg Cochran – Managing Director Katrin Kärner – Exploration Manager 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 interested analysts and investors. For personal use only This presentation is being provided for the sole purpose of providing information to enable recipie
Slide 3: Presentation Overview
Presentation Overview Corporate Profile For personal use only Investment Rationale Namibian Portfolio Target Generation Omahola Project Tubas Sand Project Conclusion 3 3
Slide 4: Corporate Profile
Corporate Profile The Board Capital Structure – as at 2 Aug 2013 For personal use only Mervyn Greene Chairman Shares on Issue 1,562.8 M Greg Cochran Managing Director Performance Rights 11.762 M Gillian Swaby N.E.D Market Cap (@ 4.0c) ~ AUD62.5M Rudolf Brunovs N.E.D (Independent) Net Cash ~AUD3.3 M
Slide 5: Investment Rationale
Investment Rationale Omahola – Namibia’s last independently held high grade alaskite project For personal use only Clear Focus Seeking to joint venture non-core projects and divest Australian portfolio Retaining longer term strategic optionality Namibia is a proven uranium mining jurisdiction Favour
Slide 6: Namibian Portfolio: Demonstrated Prospectivity
Namibian Portfolio: Demonstrated Prospectivity For personal use only 3,424 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) 6
Slide 7: Target Generation: Untapped Prospectivity
Target Generation: Untapped Prospectivity Improving probability of exploration success through For personal use only predictive modeling & prospectivity mapping Exploration Input Data Prospectivity Model Layers Map 7
Slide 8: Target Generation: Alaskite Exploration Model
Target Generation: Alaskite Exploration Model For personal use only Rossing Fm Ongolo South, Ongolo, MS7, Alaskite Branko Corner (2013) Khan Fm 8
Slide 9: Target Generation: Input Data Layers
Target Generation: Input Data Layers Remanent Proximity Proximity For personal use only magnetised units to marble to domes 9
Slide 10: Target Generation: Regional Prospectivity Map
Target Generation: Regional Prospectivity Map For personal use only Exploration Input Data Prospectivity Model Layers Map Lithostratigraphic Occurrence of Deposit Score control remanent Rossing 30 Structural control magnetised units Rossing South 1 20 Proximity to marble Rossing South 2 25 and dome
Slide 11: Target Generation: Alaskite Targets Identified
Target Generation: 15 Alaskite Targets Identified For personal use only Prospectivity mapping identified 15 alaskite targets 6 high priority targets Planning ground follow-up: • geological mapping • ground radiometric surveys • RadonX Survey team – ground radiometrics • Trenching Currently focused o
Slide 12: Target Generation: IP as Exploration Tool?
Target Generation: “IP” as Exploration Tool? Pyrrhotite Concept For personal use only Sulphide mineralisation spatially/genetically related to alaskite-hosted uranium mineralisation Ongolo MS7 From: Corvino & Pretorius (2013) 12
Slide 13: Target Generation: IP Orientation Survey
Target Generation: IP Orientation Survey For personal use only MS7 3D model Pole-dipole configuration 3 lines each at Ongolo, MS7 and INCA 25m Station spacing Results promising, sulphides detected IP will be used in future as a new Marble exploration tool Sulphides Uranium mineralisation 13
Slide 14: Target Generation: Way Forward
Target Generation: Way Forward Alaskite Targets For personal use only Ground-truth exploration targets generated during prospectivity analysis • Target prioritisation • Detailed geological mapping • Ground-radiometric surveys • RadonX, IP Generation of drill targets Start drill-testing new alaskite
Slide 15: Omahola Project: Overview
Omahola Project: Overview JORC Resource: 48.7 Mt at 420 ppm for 45.1 Mlbs U3O8 For personal use only Flagship, 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: • On
Slide 16: Omahola Project: Consistent Progress
Omahola Project: Consistent Progress For personal use only 16
Slide 17: Omahola Project: Metallurgical test work
Omahola Project: Metallurgical test work Opens up the potential for a heap leach operation For personal use only “Sighter” column test demonstrated potential for heap leach processing Uranium recovery approximately 80% after 7 days with low overall sulphuric acid consumption of 12.4 kg/t Theoretical
Slide 18: Omahola Project: Process Options & Size
Omahola Project: Process Options & Size Provides development optionality around high grade resource zones 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 18
Slide 19: Omahola Project: Current Status
Omahola Project: Current Status Current Activities: For personal use only • Additional resource infill drilling recently completed at INCA deposit • Re-evaluation of MS7 – open at depth – potential for resource increase • Pit optimisation exercises nearing completion • Metallurgical test work planni
Slide 20: Tubas Sand Project: Location
Tubas Sand Project: Location For personal use only Tubas Sand Deposit showing area with known red sand
Slide 21: Tubas Sand Project: Summary
Tubas Sand Project: Summary 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 Product Options: • High grade clean s
Slide 22: Conclusions
Conclusions Well positioned in current market environment For personal use only Target Generation • Recently completed, highly successful prospectivity analysis • Recognition of underexplored parts of our Namibian tenements • Untapped, exciting exploration potential Omahola Project – Ongoing activit
Slide 23: 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 Vi
Slide 24: Appendices
For personal use only Appendices
Slide 25: 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 Greg Cochran executive Chairman Formerly Morgan Stanley and London Managing Director Forme
Slide 26: 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 27: 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 3,5
Slide 28: JORC Compliance Statement - Namibia
JORC Compliance Statement - Namibia 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, who was previously Managing Directo