Berkeley Energia Limited · ASX:BKY
Berkeley Energia — Mines and Money London 2015
24 slides from Berkeley Energia's conference presentation, Dec 2, 2015
Slide 1: Mines and Money London December 2015
For personal use only Mines and Money London December 2015 ASX / AIM: BKY ABN 40 052 468 569
Slide 2: A High Impact Clean Energy Investment
For personal use only A HIGH IMPACT CLEAN ENERGY INVESTMENT THAT’S GOOD FOR THE ENVIRONMENT, THE COMMUNITY AND SHAREHOLDERS.
Slide 3: Renewables Alone Cannot Deliver Our Clean Energy Future
For personal use only RENEWABLES ALONE CANNOT DELIVER OUR CLEAN ENERGY FUTURE THE UK WILL NEED ANOTHER 32,000 WIND TURBINES TO MEET THE 2050 CARBON TARGETS IT’S NOT A QUESTION OF RENEWABLES OR NUCLEAR BUT RENEWABLES AND NUCLEAR Source: Department of Energy and Climate Change
Slide 4: With Only One Uranium Mine Europe's Security of Supply Is Critical
WITH ONLY ONE URANIUM MINE WITH ONLY EUROPE’S ONE URANIUM SECURITY MINE EUROPE’S OF SUPPLY IS CRITICAL For personal use only SECURITY OF SUPPLY IS CRITICAL 160 160 +300 +300 “New Fleet of Nuclear Reactors” Source: World Nuclear Association Amber Rudd November 2015
Slide 5: Salamanca Project Has Enough Recoverable Uranium to Power the UK
For personal use only THE SALAMANCA PROJECT HAS ENOUGH RECOVERABLE URANIUM TO POWER THE WHOLE OF THE UK’S ELECTRICITY NEEDS FOR FIVE AND HALF YEARS David Talbot Dundee Securities September 2015
Slide 6: Highly Experienced Spanish Management Team
For personal use only HIGHLY EXPERIENCED SPANISH MANAGEMENT TEAM HAS DEVELOPED THREE MAJOR MINES IN SPAIN EU, NATIONAL AND REGIONAL APPROVALS COMMENCING SITE WORKS MID-2016
Slide 7: Local Community Suffering Desertification and Unemployment
LOCAL COMMUNITY SUFFERING DESERTIFICATION AND INTER-GENERATIONAL UNEMPLOYMENT For personal use only 18,000 APPLICANTS FOR 200 JOBS
Slide 8: Salamanca Is a High-Impact Project
SALAMANCA IS A HIGH-IMPACT PROJECT For personal use only Bring into production NPV £3.22 Uranium returns to 2007 peak NPV £9.50 Exploration targeting multiple ZONA 7’s
Slide 9: Salamanca Has One of the World's Lowest Operating Costs
SALAMANCA HAS ONE OF THE WORLD’S LOWEST OPERATING COSTS For personal use only “Optimization studies underway aiming for lowest cost producer” Source for Non-Berkeley Figures: Cantor Fitzgerald “London Marketing” September 2015 Berkeley Operating Cost of US$15.60 during steady state of operations (re
Slide 10: Existing Infrastructure Drives Very Low Capital Costs
EXISTING INFRASTRUCTURE DRIVES VERY LOW CAPITAL COSTS For personal use only “What really excites me is the modest Capital cost of US$81 million to first production” Dr Brock Salier GMP Securities October 2015 “Best in class capital cost per pound” Source for Non-Berkeley Figures: Dundee Securities,
Slide 11: Escalating Uranium Demand
ESCALATING URANIUM DEMAND For personal use only 26 68 127 Operating Construct Proposed
Slide 12: For personal use only
For personal use only Source World Nuclear Association, The Nuclear Fuel Report September 2015, Reference Scenario for Supply & Demand
Slide 13: The Uranium Price Rise Will Be Violent
For personal use only THE URANIUM PRICE RISE - WILL BE VIOLENT Dave Rob Chang Talbot Cantor Dundee Fitzgerald Securities June 2015 September 2015 Uranium Contracted Uranium Price 2018-2021 US and EU uncovered utility positions quadruple to 83% USDOE/EIA and ESA reports (data current as of 31 Decembe
Slide 14: Targeting Multiple High Impact Exploration Zona 7's
TARGETING MULTIPLE HIGH IMPACT EXPLORATION ZONA 7’S For personal use only 10 kms PROCESS PLANT
Slide 15: Berkeley Share Price
BERKELEY SHARE PRICE (BKY.L) For personal use only Severstal bid £1.23 Near term share price targets: in October 2010 (pre ZONA 7 discovery) Phil Swinfen Numis £1.00 David Talbot Dundee £0.90 Dr Brock Salier GMP £0.70 INFLUENTIAL SHAREHOLDERS Blackrock Anglo Pacific Group Resource Capital Fund Hadro
Slide 16: For personal use only
“The Salamanca Project is For personal use only rapidly becoming one of the world’s best undeveloped, near production uranium assets ..this is a very exciting story.” Julian Treger CEO Anglo Pacific (BKY major shareholder)
Slide 17: Information Slides
For personal use only Information Slides
Slide 18: Executive Team Key Information
Executive Team Key information Paul Atherley – Managing Director For personal use only Mining engineer and MBA with over 25 years industry operating experience. Board of Directors Previously MD of Leyshon Resources based in Beijing and formerly Executive Director of the Investment Bank arm of HSBC A
Slide 19: Project Configuration
Project configuration For personal use only Zona 7 (31.4Mlbs U3O8) Primary Crusher Overland conveyor (10km) Retortillo (13.5 Mlbs U3O8) Process Plant Heap Leach + Solvent Extraction + ADU Sealed Road (35km) Alameda (21.1Mlbs U O ) 3 8 Heap Leach + Ion Exchange
Slide 20: Salamanca Production Profile
Salamanca production profile For personal use only 6.0 5.0 4.0 (Mlb U3O8) 3.0 2.0 1.0 - 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Retortillo Zona 7 Alameda
Slide 21: Pre-feasibility Capital & Operating Costs
Pre-feasibility capital & operating costs For personal use only Life of Mine Operating Cash Costs Retortillo up-front capex Cost (US$/lb U3O8) Description Cost (US$ m) Zona 7 Retortillo Alameda Mining (pre-strip) 7.6 Mining 4.95 12.72 8.40 6.04 Processing 36.4 Processing (including ripios backfill)
Slide 22: Exploration Targets
For personal use only Exploration targets
Slide 23: Mineral Resources
Mineral resources For personal use only Deposit Resource Tonnes U3O8 U3 O8 Note: the Pre-Feasibility Study and Name Category (Mt) (ppm) (Mlbs) Production Target were based solely on Retortillo Measured 4.8 412 4.4 Indicated and Measured resources at Indicated 11.7 349 9.0 Retortillo, Zona 7 and Alam
Slide 24: Important Notices
Important notices Disclaimer Notice The material in this presentation (‘material’) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Berkeley Energia Limited ‘(‘Berkeley’) nor does it form the basis of any contract or commitment. Berk