Isoenergy Ltd. · TSX:ISO
Isoenergy — Investor Presentation (December 2023)
34 slides from Isoenergy's investor presentation, December 2023
Slide 1: A Leading, Diversified Uranium Company in Tier One Jurisdictions
A Leading, Diversified Uranium Company in Tier One Jurisdictions December 2023 www.isoenergy.ca TSXV: ISO | OTCQX: ISENF
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-looking Information Technical Information This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All of the scientific and technical information in this presentation has been reviewed and
Slide 3: Investment Highlights
Investment Highlights c c c Built for the Projects in Tier Focused Production Global Exploration Current Uranium One Uranium Strategy Potential Market Jurisdictions High leverage to rising Canada, U.S., Australia 3 mines with rapid Upside across entire uranium prices and Argentina restart capability
Slide 4: Company Snapshot
Company Snapshot Capital Structure Share Price Performance Basic Shares Outstanding (M) 171.0 $6.00 Options (M) 16.3 Warrants (M) 4.5 $4.50 FD Shares Outstanding (M) 191.8 $3.00 Share Price (December 5, 2023) (C$) $3.92 Market Capitalization (Basic) (C$) $670.3 $1.50 Debt (C$) Nil Working Capital2 (
Slide 5: Nuclear's Positive Narrative Growing Globally
Nuclear’s Positive Narrative Growing Globally Crucial in fight against climate change Positive ESG story; Critical Minerals strategies Reversals of planned nuclear shutdowns – California; Michigan; Germany EU parliament backs green nuclear label – part of the EU taxonomy rulebook Significa
Slide 6: Built for the Current Uranium Market
Built for the Current Uranium Market $5,000 Market Capitalization $2,653 $2,156 $1,891 (C$M)1 $2,500 $1,606 $1,309 $839 $759 $690 $670 - 400 Mineral Endowment (Mlbs U3O8) 200 400Historical Inferred Historical M&I - 200 -Current Inferred Current M&I Past Production with Restart Potential
Slide 7: Global Portfolio
Global Portfolio Larocque East Athabasca Basin Americas Development Whitewater Whitewater East Larocque East Edge Athabasca Home of Hurricane Horizon Dieter Lake Adv. Exploration Basin Larocque West Full Moon Mountain Lake Hawk Collins Bay Extension Adv. Exploration Eagle Radio Geiger North Thorburn
Slide 8: Focused Strategy
Focused Strategy Call Options Exploration Development Near Term Production Potential Subject to permitting Coles Hill Matoush Athabasca Exploration Assets Tony M Mine Australia Assets Hurricane Daneros Mine Argentina Assets Rim Mine Equity Holdings / Non-Core Spin-Co's U.S. Assets Evaluate additiona
Slide 9: Eastern Athabasca Properties – Prime Location
Eastern Athabasca Properties – Prime Location Portfolio of over 20 high-quality properties – totalling 207,000 hectares Flagship asset is Larocque East – hosts the Hurricane Deposit – the world’s highest grade indicated uranium resource Indicated resource of 48.6Mlbs U3O8 at 34.5% U3O8 and Inf
Slide 10: Hurricane – World's Highest Grade Indicated Uranium Mineral Resource
Hurricane – World’s Highest Grade Indicated Uranium Mineral Resource Grade – Very high-grade mineralization over widths and thicknesses seen at major deposits – up to 12m thick x 125m wide Mineral Resource Estimate (July 8, 2022) U3 O8 Resources Depth – Shallow relative depth of 325m with no wat
Slide 11: Hurricane Mineralization Cross-Section
Hurricane Mineralization Cross-Section Recent drilling successfully extended resource footprint to the west and generated new targets to the east Drill hole LE23-155: 8.5 m @ 4.1% U3O8 from 325.0 m including 1.0 m @ 6.8% U3O8 from 327.0 m and 1.0 m @ 23% U3O8 from 331.5 m Cross-section provi
Slide 12: Hurricane – Expansion Potential Using Innovative ANT Survey
Hurricane – Expansion Potential Using Innovative ANT Survey Successful results using Innovative Ambient Noise Tomography (ANT) Survey Completed over the Hurricane ore zone and eastern extents Successful detection of consistent low velocity feature coincident New ANT Target with the known Hurrica
Slide 13: Hawk Project – Additional Tier One Discovery Potential
Hawk Project – Additional Tier One Discovery Potential Multiple highly prospective targets across 15-km strike being advanced with drilling and geophysics Drilling intersected brittle structures associated with unconformity offset, alteration, and elevated radioactivity ANT survey identified l
Slide 14: Utah – Near-Term Production Potential
Utah – Near-Term Production Potential Tony M Mine Mineral Resource Estimate (September 9, 2022) Historical mines in prolific uranium districts Tonnage Grade Metal Classification (000s st) (% eU3O8) (Mlbs eU3O8) In production during period of strong uranium prices Indicated 1,075 0.28% 6.6 $100M+
Slide 15: Coles Hill – U.S.' Largest Undeveloped Uranium Deposit
Coles Hill – U.S.' Largest Undeveloped Uranium Deposit VIRGINIA, U.S. 250 Historical Expenditure – ~C$100M Mineral Resource Estimates2 (Mlbs U3O8) Coles Hill Historical Mineral Resource Estimate (North and South)1,3,4 200 Measured and Indicated Estimates Grade Tons Metal Inferred Estimates Cutoff (%
Slide 16: Matoush – Highest Grade Project Outside Basin
Matoush – Highest Grade Project Outside Basin QUEBEC, CANADA Historical Expenditure – ~C$120M High Grade Projects outside of Athabasca Basin with >5Mlbs in M&I Matoush Historical Mineral Resource Estimate1 Grade Metal Tons (m) Classification (% eU3O8 ) (Mlbs eU3O8) 0.95 Indicated 0.6 0.954% 12.3 Inf
Slide 17: Global Exploration Potential
Global Exploration Potential WEST NEWCASTLE RANGE ARGENTINA CHUBUT MILO TEDDY Laguna Salada ARDMORE EAST AND MOUNTAIN Historical Resources1: Indicated – 6.3Mlbs U₃O₈, 57.1Mlbs V₂O₅ GIDYEA CREEK Inferred – 3.8Mlbs U₃O₈, 26.9Mlbs V₂O₅ BEN LOMOND Historical Expenditure – $15M Acquisition Cost – $2.4M S
Slide 18: Proven Sector Leaders
Proven Sector Leaders Richard Patricio Leigh Curyer Phil Williams Peter Netupsky Chris McFadden Mark Raguz Chairman Vice Chairman CEO & Director Director Director Director +20 years +20 years +20 years +18 years +18 years +18 years Co-Founder of NexGen Co-Founder and CEO Co-Founder and VP Corp Dev a
Slide 19: Investment Summary
Investment Summary A leading diversified uranium company focused on multi-asset exploration, development and restart in top-tier jurisdictions Impressive suite of projects, with substantial current and historical resources Focused global production strategy Global project base diversified in develop
Slide 20: Appendix
Appendix TSXV: ISO | OTCQX: ISENF
Slide 21: Resources
Resources1 Current Measured & Indicated Current Inferred Historical Measured & Indicated Historical Inferred Asset Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained (000 t) (% U308) (Mlbs U308) (000 t) (% U308) (Mlbs U308) (000 t) (% U308) (Mlbs U308) (000 t
Slide 22: Global Asset Overview
Global Asset Overview Canada Argentina Australia 7 9 8 10 1 4 11-32 5 6 2 3 1. All estimates on this slide are “historical estimates” as defined under NI 43-101. A Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and
Slide 23: Global Asset Overview
Global Asset Overview U3O8 Indicated Resources¹ U3O8 Inferred Resources¹ Index Asset Country Ownership Deposit Type Metals Stage Tonnes (M) Grade (%) Contained (Mlbs) Tonnes (M) Grade (%) Contained (Mlbs) Shale-Related 1 Mountain Lake Canada Optioned Uranium Adv. Exploration 1.6 0.23% 8.2 - - - Depo
Slide 24: Hurricane – Insensitive to Cut-Off Grade
Hurricane – Insensitive to Cut-Off Grade Indicated Resources highly insensitive to cut off grade; 93.9% of contained metal is retained at COG of 10% Mineral resource estimated with a 1% COG – same used for Cigar Lake 2016 mineral resource estimate Resource Cut-off Grade Tonnage Grade Contained M
Slide 25: Geiger Project
Geiger Project Geiger Key Points 6 lines of ground EM survey to follow-up anomalous drilling results – generated additional drill ready targets along strike of weak historical mineralization 2022 drill hole (GG22-31) intersected zone of alteration extending 55 m into basement 1.7 km along stri
Slide 26: Larocque East
Larocque East Larocque East Key Points 13 kms of prospective conductor corridor that hosts the Hurricane deposit 2626 IsoEnergy.ca TSXV: ISO | OTCQX: ISENF
Slide 27: Early-Stage Projects
Early-Stage Projects Advancing Early-Stage Projects More than 5,000 line-kilometres of project-scale airborne surveying to assess prospective, highly underexplored projects Evergreen (drone magnetic-radiometric) Spruce (drone magnetic-radiometric) East Rim (VTEM) Trident (gravity gradient,
Slide 28: U.S. Asset Overview
U.S. Asset Overview 3 Rim Mine 1 Tony M Mine 5 4 Sage Plain White Mesa Mill 2 Daneros Mine Proximity to U3O8 Indicated Resources¹ U3O8 Inferred Resources¹ Contained Contained Index Asset State Ownership Deposit Type Metals Stage White Mesa Mill Tonnes (M) Grade (%) (Mlbs) Tonnes (M) Grade (%) (Mlbs)
Slide 29: Strategic Alliance with Energy Fuels
Strategic Alliance with Energy Fuels WHITE MESA MILL Only operational conventional uranium mill in the U.S. with licensed TOLL MILLING capacity of over 8Mlbs of U₃O₈ per year (owned by Energy Fuels Inc.) AGREEMENTS Guaranteed Access to White Mesa OPERATING INVESTOR RIGHTS AGREEMENTS AGREEMENT Projec
Slide 30: Tony M – Large-Scale, Developed and Permitted
Tony M – Large-Scale, Developed and Permitted 1Mlb of historical production up to 2008 Infrastructure 18 miles (29 km) of underground development 2 parallel declines extending 10,200 ft Power generation station, fuel storage facility, ore bays, maintenance building, offices, dry facilities and
Slide 31: Daneros – Acquired by Denison in 2011 for A$57m
Daneros – Acquired by Denison in 2011 for A$57m ~1Mlb of historical production up to 2013 Infrastructure 2.8 miles (4.5 km) of underground development 5 declines on property Modular trailer, generator, equipment storage and maintenance buildings Past Exploration 1,100 holes drilled from surf
Slide 32: Rim – High Vanadium-to-Uranium Ratio at 9:1
Rim – High Vanadium-to-Uranium Ratio at 9:1 Infrastructure 2.7 miles (4.3 km) of underground development 2 portals with a head frame, hoist house, maintenance building and water tank Past Exploration ~1,100 holes drilled from surface and underground (rotary and core) for ~325,000 ft 15 holes
Slide 33: Disclaimer on Historical Estimates
Disclaimer on Historical Estimates Historical Estimates For the Coles Hill Project, as disclosed in the above noted revised preliminary economic assessment, the historical estimated was prepared by John I Kyle of Lyntek Incorporated. Twinning of a selection of certain holes would need to be complete
Slide 34: Contact Us
Contact Us info@isoenergy.ca www.isoenergy.ca TSXV: ISO | OTCQX: ISENF