plateau uranium inc presentation june 2016
TRANSCRIPT
Uranium & Lithium in Peru
Macusani Project Investor Presentation
TSX-V:PLU FSE:QG1 OTC:PLUUF
Disclaimer
The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our
analysis and interpretation and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. This presentation includes certain forward-looking statements
concerning the future performance of Plateau Uranium's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions.
Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and expectations of management. Forward-looking statements and forward-looking information include, but are not limited to,
statements with respect to estimated production and mine life; the future price of uranium; the estimation of mineral reserves and resources; the realization of mineral resource and reserve
estimates; the timing and amount of estimated future production; costs of production; success of exploration activities; and currency exchange rate fluctuations. Except for statements of
historical fact relating to Plateau Uranium, certain information contained herein constitutes forward-looking statements. All forward-looking information is inherently uncertain and subject to a
variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, the availability of
financing, variations in grades or recovery rates, risks relating to international operations, fluctuating currency exchange rates, changes in project parameters, the possibility of project cost
overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, as described in more
detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and
Macusani cautions against placing undue reliance thereon. Neither Plateau Uranium nor its management assume any obligation to revise or update these forward-looking statements.
Qualified Persons
The scientific and technical information contained in this document relating to preliminary economic assessment was prepared by or under the supervision of, or reviewed and approved by, Mr.
Michael Short, B.E., CEng., FIMMM and Dr Thomas Apelt, PhD, CEng., MAusIMM, of GBM Minerals Engineering Consultants, and/or Mr. Mark Mounde, BEng., CEng., MIMMM of Wardell
Armstrong International, who are independent technical consultants to the Company and "Qualified Persons" under NI 43-101 Standards of Disclosure for Mineral Projects.
The scientific and technical information contained in this document relating to the Mineral Resources was prepared under the supervision of, or reviewed and approved by Mr. David Young,
B.Sc. (Hons), FGSSA, FSAIMM, FAusIMM, Pr Sci Nat (No 400989/83) of The Mineral Corporation that is an independent technical consultant to the Company and a “Qualified Person” under NI
43-101 Standards of Disclosure for Mineral Projects.
2
Investment Highlights• Strong Uranium-only Project Economics at US$50/lb U3O8*
• NPV: US$603M / IRR: 40.6% / 1.8 years capital payback (post-tax)
• Large Scale: Proposed production of over 6M lbs U3O8 per year over a 10 year mine life
• Low Cost: US$17/lb LoM cash production cost, <US$300M initial capital • Project economic at current Term uranium prices, significant leverage to consensus longer term forecasted prices
• Control of All Defined Uranium Resources in Emerging Uranium District** • 52.9 M lbs U3O8 Measured & Indicated (248 ppm)
• 72.1 M lbs U3O8 Inferred (251 ppm)
• 75 ppm U cut-off
• Additional Lithium Resources with Uranium ** • 67,000 t Li2O Measured & Indicated (0.13% Li2O)
• 109,000 t Li2O Inferred (0.12% Li2O)
• Resources in only 4 uranium deposits within 75 ppm U cut-off
• Excellent Infrastructure Proximal to Project• Roads, inexpensive power, water, etc.
• Mining Friendly Jurisdiction – Peru• Pathway to production - 2019
Well Positioned for Uranium Sector Recovery* Jan 2016 Preliminary Economic Assessment – see slide 9 ** Resource details from May 2015 and March 2016 NI 43-101 Reports. See Appendix Slides for details.
Macusani Project, Puno, PeruPost Tax IRR/NPV of 40.6%, US$603M
Resource Estimate for Colibri 2&3
Acquisition of Corachapi and Kihitian concessions.
Resource Update.
Merger with Southern Andres
Resource Update
Acquisition of Minergia;
Implementation of Cameco met and project work
Updated Resource Estimate on all defined resources in the consolidated Macusani Plateau Uranium District
PEA Completed
1.6 1.6 11.7 11.7 13.131.5
49.7 51.9
13.0 13.0
30.0 30.040.6
30.1
47.5
72.1
Uran
ium (M
lbs)
2008 2009 2010 2011 2012 2013 2014 2015
Development & Growth to Date
4Please see SEDAR for historic resource estimates. Breakdown of cut-off and current resource estimates available in presentation appendix slides.
• 2016 PEA a culmination of over eight years of resource growth, exploration and regional consolidation
• $45M spent in the district between five companies over this time period: Discovery/Delineation and acquisition costs of $0.36/lb for defined U3O8 mineral resources
• New Lithium & Potassium Resources add by-product value potential
Development & Growth to Date
5Please see SEDAR for historic resource estimates. Breakdown of cut-off and current resource estimates available in presentation appendix slides.
• 2016 PEA a culmination of over eight years of resource growth, exploration and regional consolidation
• $45M spent in the district between five companies over this time period: Discovery/Delineation and acquisition costs of $0.36/lb for defined U3O8 mineral resources
• New Lithium & Potassium Resources add by-product value potential2008 2009 2010 2011 2012 2013 2014 2015 2016
Key Milestones Res ource Estimate for Col ibri 2&3
Acquis ition of Corachapi and Kihitian concess ions
Res ource Estimate for Corachapi and updated for Col ibri 2&3
PEA for 1.2 M lb/year operation; cash cost of $21.65/lb U3O8
$14.4 M Financing
Dri l l ing s ta rts at Kihitian
Merger wi th Southern Andes to become dominant land holder on Macusani plateau
Resource Estimate for Kihitian
Re source Estimate update
PEA for 4.3 M lb/year operation; cash cost of $20.57/lb U3O8
Acquis ition of Minergia , further consol idation of the Ma cusani Plateau
Updated Resource Estimate on a l l known res ources in the consol idated Ma cusani Plateau Uranium Dis trict
PEA for 6.1 M lb/yr operation; cash cost of $17.28/lb U3O8
New Lithium Resources added from only 4 uranium depos its used in PEA
Uranium Sector Snapshot
6*Market Capitalization calculated in CDN Dollars based on exchange rates and share prices as of Jan. 22, 2016,
$0
$50
$100
$150
$200
$250
$300
$350
Mark
et C
ap (C
$M)
Uranium Developers PeersU3O8 developers with economic study showing sub US$30 cash + capex cost per lb production
Significant Value Gap Between Plateau and its Sector Peers
Plateau Trades at a Significant Discount to its Peers
Macusani – Comparable Projects
7* Pre-Tax NPV10%.
Company Vimy Resources Limited
Berkeley Energia Limited
Fission Uranium Corp.
Plateau Uranium Inc.
Mkt Cap (C$M) $69M $89M $248M $15M
Project Mulga Rock Salamanca PLS Macusani
Location Australia Spain Canada Peru
Study Type PFS PFS PEA PEA
Release Date Nov-15 Nov-15 Sep-15 Jan-16
Base Case U3O8 Price (US$/lb) $65 $65 $65 $50
NPV8% (US$M) - $65/lb $431* $871 $1,041 $967
IRR (%) - $65/lb 25.1%* 93.3% 34.2% 55.3%
Processing Type Acid Leach Heap Leach Acid Leach Heap Leach
Throughput (tpd) 7,300 14,250 1,000 30,000
Mine Life (Yrs) 17 18 14 10
Annual Production (Mlbs) 3.0 3.0 7.2 6.1
LoM Production (Mlbs) 50.4 51.6 100.8 60.9
LoM Cash Cost (US$/lb) $31.65 $19.80 $14.02 $17.28
Initial Capex (US$M) $254 $81 $1,100 $300
LoM Capex (US$M) $367 $297 $1,339 $344
All-In Costs (US$/lb LoM production) $38.93 $25.56 $27.30 $22.91
Values as of Jan. 22nd, 2016
Developing An Emerging Uranium District
8
PlateauUranium
• Plateau Uranium controls one of the largest undeveloped uranium districts in the world with additional Lithium potential
• Located on the Macusani Plateau, Puno, Southern Peru: concessions cover > 910 km2
• District offers exceptional exploration prospects & development potential
• Excellent infrastructure: • Access to labour, water and inexpensive
hydro-electric power• Transport (major highway runs past
properties)• Plentiful supply of sulfuric acid
• History of mining in the region• Minsur – San Rafael Tin Mine• Other gold & silver development projects
• Supportive government and local communities
2016 PEA Highlights
• Robust financials• Low cash costs• Large-scale production• Manageable CAPEX• Scalability in both high/low price uranium environment• Resource expansion and by-product potential• Prepared by GBM Minerals Engineering Consultants,
The Mineral Corp. & Wardell Armstrong International
Paves the Way for PFS in 2016-179
Robust Project Economics at US$50 per lb U3O8
2016 PEA Highlights
10* All figures in US dollars
January 2016 PEA Results*
Mine life 10 yearsAverage annual potentially mineable tonnes 10.9 million tonnesAverage grade 289 ppm U3O8
Open pit strip ratio 2.05:1Processing methodology Heap LeachProcessing recovery rate 88%Acid consumption 9 kg/tAverage annual production (LOM) 6.1 million lbs U3O8
Uranium price US$50/lb U3O8
Average cost of production US$17.28/lb U3O8
Initial capital expenditure US$299.8 millionSustaining capital expenditure US$43.9 millionAfter-tax NPV (8% discount rate) US$603 millionAfter-tax IRR 40.6 %Payback period 1.76 years
Significant Improvements in Updated PEA• Consolidated resource estimate & new
mining inventories improved throughput, average grade (+12%) and increased annual production
• Met testing show potential for >88% recovery
• PEA included data acquired from Cameco from their work on Minergia, improve leaching time, and acid consumption requirements
• Fuel and other key mining cost drivers optimized under new mining sequence, land constraints from 2014 PEA removed
• Project shows improved, robust economics at uranium prices below peer precedents; flexible economic production at varying uranium prices
• Additional upside to be further considered prior to commencement of PFS
Project Adjacent to Road and Power
Site Access & Regional Infrastructure
11* All figures in US dollars
• 650 km southeast of Lima • Road Access – Interoceanic Highway just to the
east linking the project to Pacific and Atlantic Ocean ports; all-weather gravel roads to communities
• Juliaca – city and airport 220 km to the south with several daily flights from Lima
• Grid power – San Gaban hydro generating station 20 km north; high voltage power lines adjacent to project
• Mild Climate – low latitude, high altitude -2 to 15 °C typical range causing no issues for uranium processing
>60 million lbs Production Planned Over 10 Years – Additional Upside
Proposed Mine Plan
12* All figures in US dollars
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
U3O8
Mlb
s Re
cove
red
Year
ColibriIsivillaKihitian UGKihitianProposed Processing Plant
Standard Mining, Processing & Yellowcake Production
Process Design – Mining & Processing
13* All figures in US dollars
• Standard 30,000 tpd open pit mining with small underground operation contemplated using continuous miners/conveyors to supplement higher grade material
• Low work index/crushing requirements• Standard acid heap leach uranium extraction
process in proven use around the world• Standard Solvent Extraction with Ion Exchange
(SX-IX) uranium precipitation producing yellowcake with no deleterious elements
• Previous work by Cameco & Plateau predecessors demonstrate excellent leach kinetics, low acid consumption, high recoveries and in-spec yellowcake product
• Future test work: significant potential exists to consider ore sorting/screening; tank leach processing and effects of lower acid cost
Capital Expenditures
14* All values denoted in USD
LOM Project CAPEX Estimate
Cost Centre Initial Phased Expansion Closure TOTAL
Total Capital Investment $299,890,000 $43,911,000 $14,672,000 $358,473,000
FIXED CAPITAL TOTAL $250,619,000 $43,911,000 $14,672,000 $309,202,000
DIRECT TOTAL $167,079,000 $34,049,000 $13,100,000 $214,228,000
General $0 $0 $0 $0
Mining $0 $23,730,000 $0 $23,730,000
Processing $115,320,000 $2,551,000 $0 $117,871,000
Waste Management $16,786,000 $6,796,000 $13,100,000 $36,682,000
Product Handling $0 $0 $0 $0
Infrastructure $34,974,000 $971,000 $0 $35,945,000
INDIRECT TOTAL $83,540,000 $9,862,000 $1,572,000 $94,974,000
EPCM $25,062,000 $1,116,000 $0 $26,178,000
Field $8,354,000 $904,000 $262,000 $9,520,000
Contingency $50,124,000 $7,842,000 $1,310,000 $59,275,000
WORKING CAPITAL $49,271,000 $0 $0 $49,271,000
44%
14%
14%
10%
19%
17%
3%Initial CAPEX Breakdown
ProcessingWaste ManagementInfrastructureEPCMWorking CapitalContingencyField
$0.69
$11.02
$4.42
Average Annual OPEX Cost Breakdown (US$/lb)
General & AdministrationMiningProcessWaste ManagementProduct HandlingInfrastructure
Operating Expenditures
15* All values denoted in USD
* Royalties excluded
Area Description Average Annual Cost
Percent of total OPEX
Average cost per tonne of PEM
($/t)
LOM average cost per lbU308 produced ($/lb)
TOTAL* 103,062,707 100.0% $9.46 $16.90
000 G&A COSTS $4,185,000 4.16% $0.38 $0.69
100 MINING $67,242,100 66.8% $6.17 $11.02
Weighed average of underground and open pit $69,613,280 67.5% $6.39 $11.41
200 PROCESS $26,937,917 26.1% $2.47 $4.42
Reagents $14,149,639 13.7% $1.30 $2.32
Personnel $2,737,428 2.66% $0.25 $0.45
Fuel & Lubricants $75,100 0.07% $0.01 $0.01
Electricity $6,370,331 6.2% $0.58 $1.04
Maintenance & Operating Spares $3,605,418 3.5% $0.33 $0.59
300 WASTE MANAGEMENT $1,044,031 1.0% $0.10 $0.17
Fuel & Lubricants $105,000 0.1% $0.01 $0.02
Electricity $939,030 0.9% $0.09 $0.15
400 PRODUCT HANDLING $306,787 0.3% $0.03 $0.05
500 INTRASTRUCTURE $975,691 0.95% $0.09 $0.16
Fuel & Lubricants $102,400 0.1% $0.01 $0.02
Consumables $873,291 0.85% $0.08 $0.14
Less Than 2-yr Payback of Capital at US$50/lb Uranium
Economics – Cash Flow Model
16* All figures in US dollars
Robust Project Highly Sensitive to Expected Uranium Price Increase
Project Sensitivities & Optimization
17* All figures in US dollars
Uranium Price Sensitivities:(After-tax NPV8%/IRR)
• At US$65/lb: $937.4M/55.3% IRR• At Current Term Uranium Price
(US$44/lb): $457.4M/34% IRR• NPV break-even price: US$25.66/lb• 15% IRR at US$30/lb• Relatively less sensitive to operating
and capital costs• Project highly leveraged to uranium
price
Project Specific Opportunities
18
Substantial Project Upside to be Evaluated in 2016
• 85% of exploration land package undrilled• 52.9M lbs M&I/72.1M lbs Inferred resources defined on the project; <70Mlbs used as feed
for PEA• Simplicity and low cost to explore and convert resources to reserves to prove up to feasibility
study: shallow deposits; company has its owns drills – Discovery, delineation and acquisition costs to date at $0.36/lb in ground
• Scalability: higher-grade/smaller capex options & larger robust options considered• Additional work on tank leach option planned – better recoveries and leach cycle times• Initial work by Cameco and others suggest potential economic improvement with size/screen
sorting – additional work required.• Royalties: currently conservative 3% NSR assumed in PEA; in Peru royalties are negotiated
and usually range between 1-3% of profits – upside for financial model• Evaluation of Lithium potential – large resource base, initial leach tests show 73% recovery• Strong Economics using $50/lb: project can be optimized for higher and lower price
environments
Lithium & Potassium Resources
19
Evaluating By-product Lithium Potential
Lithium Resources all within Uranium Resources• Only 4 deposits have sufficient Li analyses:
Quebrada Blanca; Chilcuno; Tantamaco & Isivilla• All reported Li within 75 ppm U economic cutoff
used in Uranium PEA• Colibri II/III uranium deposits have Lithium, but no Li
resources established yet. Re-analysis of these deposits for Li is a planned priority
• Lithium is widespread and very consistent throughout the host rocks – Li resources will grow
Lithium recoveries of up to 73% in un-optimized external tests by K-UTEC experts• Additional extraction/precipitation work planned
Un-modelled U & Li Resources
20
Future Upside for Additional Resources to Extend Mine Life
Corachapi and Corani Complexes• Not considered in PEA update (size/grade/proximity)• Existing Mineral Resource estimates of over 10 M lbs• Additional drill targets exist – higher grades expected
Sayaña and Agaton Complexes• Substantial historical exploration drilling completed
• 180 Drill Holes (13,000 m)
• Mineralization and Uranium assay data positive; Lithium present, but re-analysis necessary
• No current resource estimate – minor confirmation & in-fill drilling and QA/QC needed
Proposed CentralProcessing Plant(PEA Jan 2016)
Regional Exploration – Key Targets
21
Over 910 km2 of Exploration Concessions
7.5 km radius
• Consolidated >910 km2 land package
• One of the largest uranium districts in the world
• Un-tested Mineralized prospects at surface
• Drilling focused on <15% of land package
• Significant exploration potential exists
• Uranium and by-product Li potential exists throughout the District
High Grade U Alternatives Evaluated
22* All figures in US dollars
Financial Model Estimate Results (US$50/lb) Recovered U3O8 Pre-Tax Post-TaxCase Mlb/a NPV (M US$) IRR (%) NPV (M US$) IRR (%)Base Case 6.08 $852.7 47.6% $603.1 40.6%Case 1 4.26 $544.4 41.2% $417.4 37.3%Case 2 5.01 $733.5 49.4% $550.9 43.7%Case 3 4.50 $510.2 36.8% $397.2 33.9%Case 4 5.30 $679.9 43.2% $516.1 28.9%
• Various alternative cases evaluated within PEA:• Case 1: Heap leach, open-pit
mining only
• Case 2: Heap leach, open pit & underground mining
• Case 3: Tank leach, open pit mining only
• Case 4: Tank leach, open pit and underground mining
Alternative Case Cost Summary
CaseInitial Capital (millions US$)
LOM Capital (millions US$)
US$/t ROM US$/lb U3O8
Base Case $299.9 $358.5 $9.60 $17.28Case 1 $247.5 $279.4 $14.60 $17.39Case 2 $247.5 $291.4 $13.60 $15.95Case 3 $267.4 $299.3 $17.60 $19.73Case 4 $267.4 $311.3 $17.00 $18.81
Mining History in Peru
23
• Established mining industry in Peru
• No current uranium production in the country
• Established specific uranium exploration regulations
• Working committee formed to advance uranium production permitting regulations:• Plateau Uranium representatives• INGEMMET (Institute of Geology, Mining & Metallurgy)• MEM (Ministry of Mines & Energy)• IPEN (Peruvian Nuclear Energy Institute)
• International Atomic Energy Agency (IAEA)• Established in 1957 - Peru is a founding member state• “Red Book” resource reporting• Potential scientific & regulatory assistance
Community Engagement
24
• Twice yearly medical campaign
• Employment of local community members from Isivilla, Tantamaco and Corani – drill/camp personnel; environmental monitoring; prospecting, etc.
• Assisted establishing water treatment plant
• Monthly madre leche (milk) program contribution
• Schools programs sponsorship
• Sponsorship of local & regional festivals
• Loan road building equipment for local community use
• Scaled for current and planned company activities
Permitting Environment in Peru
25
• Environmental Impact Study (EIA) to MEM• Builds on Exploration EIS – enhanced number of monitoring sites and
frequency
• Mine, processing infrastructure & tailings design details and Construction Plan
• Includes a social relations plan/community agreement(s)
• Certification of no archaeological remains in the area
• Draft mine closure and remediation plan
• Water rights from the National Water Authority
• Surface lands right agreements with surface owners
• Assuming all submissions are acceptable, approval to construct is granted within 1-4 months
Path to Production
Except for statements of historical fact relating to Plateau Uranium, certain information contained herein constitutes forward-looking statements. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, the availability of financing, variations in grades or recovery rates, risks relating to international operations, fluctuating currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated.
26
2016-2017 2018+
• Enhanced Environmental work• Drilling for new discovery & to
convert inferred to measured and indicated
• Advance uranium permitting & discussions with government
• Further metallurgical test work including U and Li/K
• Commence trade-off & optimization studies, PFS
• Project financing• Commence
construction
• Drilling to convert resources to reserves
• Feasibility Study• Complete EIA process
submissions for construction/production permitting
• Approvals 20-120 days
2018
Budget to PFS: $4-6M Budget to Complete BFS and Permitting:
$8-10M
Intend to position Plateau for
production in 2019 to meet forecasted
supply deficit
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
LoM
Oper
atin
g Ca
sh C
osts
(US$
/lb U
3O8)
Low Production Cost vs Developers
27Source: Company Reports and Technical Reports.
*Comparison of economic studies release since Jan. 2014
Peer Average: US$27.50
$0
$10
$20
$30
$40
$50
$60Al
l-In
Prod
uctio
n Co
sts (
US$M
)
“All-In” Production Costs
28* All figures in US dollars
*Comparison of economic studies release since Jan. 2014
“All-In” Production Costs calculated based on Avg LoM Cash Operating Cost + LoM Capital Cost per lb of production
Peer Average: US$39.00
Low Valuation vs Developer Peers
29Source: Company Reports and Technical Reports. As of May 5th, 2015.
Only One of Three Development Projects with Study Supporting <US$30 ‘all-in’ Cost
Mkt Cap (C$M) Location
M&I Res.
(Mlbs)
Inf Res.
(Mlbs)Study Date
Ann. Prod
(Mlbs)
Mine Life (yrs)
LoM Op. Cash Cost (US$/lb)
“All-In Cost”*
NPV8% - US$65/lb (US$M)**
IRR (%)
Vimy Resources $69M Australia 23.6M 49.2M PFS: Nov 2015 3.0M 17 yrs $32 $39 $431 25%
Bannerman $21M Namibia 164.6M 106.1M FS: Nov 2015 7.2M 15.7 yrs $38 $48 $85 10%
Berkeley $89M Spain 62.0M 28.4MM PFS: Nov 2015 3.0M 18 yrs $20 $26 $871 93%
A-Cap Resources $15M Botswana 42.2M 148.2M Tech: Sept 2015 2.7M 18 yrs $41 $55 $240 24%
Fission Uranium $256M Sask. 79.6M 25.9M PEA: Sept 2015 7.2M 14 yrs $14 $27 $1,041 34%
GoviEx Uranium $7M Niger 110.8M 27.7M PFS: Aug 2015 2.7M 21 yrs $24 $39 $263 20%
Azarga Uranium $18M S. Dakota 19.0M 13.4M PEA: Apr 2015 0.9M 11 yrs $19 $36 $114 57%
Forsys Metals $13M Namibia 115.0M 11.0M FS: Mar 2015 5.2M 15 yrs $35 $45 $383 26%
Uranium Resources $29M Turkey 11.3M 33.6M PFS: Feb 2015 0.8M 12 yrs $17 $30 $146 N/A
Plateau $15M Peru 51.9M
72.1M
PEA: Jan 2016 6.1M 10
yrs $17 $23 $967 55%
*“All-In” Production Costs calculated based on Avg LoM Cash Operating Cost + LoM Capital Cost per lb of production.**After-Tax NPV8% except Vimy (Pre-Tax NPV10%) and A-Cap (US$81/lb uranium price deck)
Corporate Summary
30
TSX-V: PLU FSE:QG1 OTC:PLUUF
Plateau Uranium Inc. Symbol:PLU
Listed Exchange TSX-V
Market Cap. ~$15 million
Shares Outstanding 51,750,974
Warrants Outstanding 7,700,000
Options Outstanding 1,700,000
52 Wk Trading Range $0.23 to 0.45
Recent Share Price $0.30
Management & Board
31
Ian StalkerChairman
Over 30 years experience in mining development and operations in Europe, Africa, and Australia. Former CEO of UraMin Inc. until its acquisition by Areva in 2007 for US$2.5 billion. Former VP Exploration of Gold Fields Ltd., the fourth largest gold producer in the world at that time.
Ted O’ConnorCEO, Director
Over 22 years of experience in the uranium industry, most recently as Director of Corp. Development at Cameco. In that role, he was responsible for evaluating, directing and exploring for uranium deposits worldwide. Mr. O’Connor has successfully led projects from generation through delineation and multiple acquisitions on uranium projects globally.
Laurence StefanPresident & COO, Director
Founder of Plateau Uranium (formerly Macusani Yellowcake), serving as Managing Director in Peru since Oct. 2007. Dr. Stefan previously worked at Gold Fields of South Africa and JCI (Pty) Ltd. with recent years spent mainly on South American projects.
Alan FerryDirector
Current Lead Director of Guyana Goldfields Inc. and director of Avalon Rare Metals Inc and GPM Metals Inc
Maryse BelangerDirector
Over 30 years of experience in the mining industry with strengths in operational excellence and efficiency. She was the Chief Executive Officer and Managing Director of Mirabela Nickel Ltd. responsible for the remarkable turn around of the company and the reestablishment of the Santa Rita open pit mine in Brazil. Former Senior Vice President, Technical Services at Goldcorp overseeing global geology, mine planning and design, metallurgy, hydrology, tailings dam and geotechnical engineering functions.
Christian MilauDirector
Chartered Professional Accountant (CA) with executive experience in acquisitions, financing, mine development, construction and operations. He was CEO of True Gold Mining Inc., successfully negotiating and closing True Gold’s sale and acquisition by Endeavour Mining Corp. in April 2016. Mr. Milau successfully negotiated various community, security, fiscal and tax agreements. Formerly, Mr. Milau held senior positions at Endeavour Mining Corp., New Gold Inc., and in investment banking at BNP Paribas in London.
Experienced & Proven
Analyst/Broker/News Coverage
32
Haywood Securities - Colin Healey
RFC Ambrian – Jim Taylor
Vicarage Capital - James Smith
Hydra Capital - Malcolm Shaw
Gold Stock Trades – Jeb Handwerger
Plateau Uranium is on Investing News Network
www.plateauuranium.com
Contact Information
33
Ted O’ConnorChief Executive Officer & [email protected]
Ian StalkerChairman & [email protected]
Mohsen KolahdouzWeb/Investor [email protected]
www.plateauuranium.com
Head Office 141 Adelaide St. W., Suite 1200Toronto, Ontario M5H 3L5
Appendix Slides
34
Uranium Supply and Demand
35* Source UxC Presentation January 2014
Growing Uranium Demand
36Source: World Nuclear Association (June 21, 2016)
Global Demand For Electricity to grow
76% by 2030Nuclear Reactors Worldwide:442 Operating Worldwide62 Under Construction172 Planned337 Additional Proposals
Today’s Supply Crunch:85% of demand met by mining15% from secondary sources
U3O8 RequirementsCurrent Demand 170 MM lbsReference Demand 270 MM lbs by 2030
Around The World: The Rise Of Nuclear Energy by 2030
U Price & Uncovered Demand
37* Source: Dundee Capital Markets, Company Reports, UxC (uxc.com)
Utilities contract 2-4 years ahead – little Term contracting
NI 43-101 Uranium Resources
38
All Resources stated at 75 ppm U cutoff(1) Kihitian Complex includes the Chilcuno Chico, Quebrada Blanca, Tuturumani and Tantamaco deposits updated, May 6, 2015(2) Isivilla Complex includes the Isivilla, Calvario Real, Puncopata and Calvario I deposits, updated May 6, 2015(3) Corani Complex includes the Calvario II, Calvario III and Nueva Corani deposits, updated May 6, 2015(4) Colibri II-III and Tupuramani remain unchanged, last updated August 14, 2013(5) Corachapi remains unchanged, last updated September 8, 2010
Resources at 75 ppm cut-off
Measured & Indicated Inferred
Tonnes(Mt)
Grade(ppm U3O8)
Contained lbs(Mlbs U3O8)
Tonnes(Mt)
Grade(ppm U3O8)
Contained lbs(Mlbs U3O8)
Kihitian Complex(1) 47.7 Mt 261 ppm
(0.575 lbs/t) 27.4 Mlbs 83.6 Mt 273 ppm(0.60 lbs/t) 50.3 Mlbs
Isivilla Complex(2) 4.6 Mt 350 ppm
(0.77 lbs/t) 3.5 Mlbs 16.1 Mt 293 ppm(0.645 lbs/t) 10.4 Mlbs
Corani Complex(3) 3.4 Mt 166 ppm
(.366 lbs/t) 1.3 Mlbs 6.1 Mt 131 ppm(0.288 lbs/t) 1.8 Mlbs
Colibri 2 & 3 / Tupuramani(4) 27.9 Mt 240 ppm
(0.529 lbs/t) 14.7 Mlbs 20.4 Mt 170 ppm(0.374 lbs/t) 7.7 Mlbs
Corachapi(5) 11.6 Mt 195 ppm(0.43 lbs/t) 5.0 Mlbs 3.8 Mt 230 ppm
(0.507 lbs/t) 1.91 Mlbs
Total 95.2 Mt 248 ppm(0.546 lbs/t) 51.9 Mlbs 130.0 Mt 251 ppm
(0.553 lbs/t) 72.1 Mlbs
NI 43-101 Uranium Resources
39
All Resources stated at 200 ppm U cutoff(1) Kihitian Complex includes the Chilcuno Chico, Quebrada Blanca, Tuturumani and Tantamaco deposits updated, May 6, 2015(2) Isivilla Complex includes the Isivilla, Calvario Real, Puncopata and Calvario I deposits, updated May 6, 2015(3) Corani Complex includes the Calvario II, Calvario III and Nueva Corani deposits, updated May 6, 2015(4) Colibri II-III and Tupuramani remain unchanged, last updated August 14, 2013(5) Corachapi remains unchanged, last updated September 8, 2010
Resources at 200 ppm cut-off
Measured & Indicated Inferred
Tonnes(Mt)
Grade(ppm U3O8)
Contained lbs(Mlbs U3O8)
Tonnes(Mt)
Grade(ppm U3O8)
Contained lbs(Mlbs U3O8)
Kihitian Complex(1) 16.23 Mt 505 ppm
(1.11 lbs/t) 18.05 Mlbs 29.78 Mt 520 ppm(1.15 lbs/t) 34.1 Mlbs
Isivilla Complex(2) 2.87 Mt 465 ppm
(1.02 lbs/t) 2.94 Mlbs 7.21 Mt 500 ppm(1.10 lbs/t) 7.96 Mlbs
Corani Complex(3) 0.42 Mt 342 ppm
(0.75 lbs/t) 0.31 Mlbs 0.19 Mt 294 ppm(0.648 lbs/t) 0.12 Mlbs
Colibri 2 & 3 / Tupuramani(4) 11.0 Mt 376 ppm
(0.828 lbs/t) 9.12 Mlbs 3.29 Mt 363 ppm(0.8 lbs/t) 2.64 Mlbs
Corachapi(5) 2.94 Mt 372 ppm(0.819 lbs/t) 2.41 Mlbs 1.14 Mt 443 ppm
(0.98 lbs/t) 0.89 Mlbs
Total 33.47 Mt 445 ppm(0.98 lbs/t) 32.8 Mlbs 41.62 Mt 501 ppm
(1.10 lbs/t) 45.9 Mlbs
Lithium Demand & Price Increasing
40
• Present demand growth driven by E-Vehicles; Future by Grid Storage• Based on only 1-2% E-Vehicle penetration
• Li-Carbonate input cost represents only ~2% of battery cost• Prices expected to normalize ~$7,500/t (Analyst and Producer consensus)
• 40 years of Li battery development to date – 25 years commercial• No alternate battery technology expected for many years
Source: Albemarle Corporation; from Cormark Securities March 2016Source: Citigroup
NI 43-101 Lithium Resources
All Resources stated at 75 ppm U cutoff; Announced March 22, 2016
• Lithium Resources from only 4 uranium deposits used in PEA
• Lithium Carbonate Equivalent resources as follows:• Indicated Resources total 165,700 t Li2CO3 equivalent
• Inferred Resources total 268,900 t Li2CO3 equivalent
(Li2O to Li2CO3 conversion factor = 2.473)
High Elevation Mines
metres
above sea level
5400
5200
5000
4800
4600
4400
4200
4000
Minsur - San Rafael Tin Mine
Chinalco - Toromocho
Copper Mine
Collahuasi - Copper Mine
Antamina - Copper / Zinc Mine
PlateauUranium
Other Operating Mines in the Andes42
Nuclear Fuel Cycle
43