salamanca poised for lift off - berkeley energia limited · salamanca poised for lift off ... bp...
TRANSCRIPT
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Is the great uranium
price squeeze
coming to an end?
FINEX
October 18th 2018
Salamanca
poised for
lift off…
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GLOBAL Top Ten
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Low OPEX & existing infrastructure
EU funded infrastructure and low operating costs make the difference
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EXPLORATION programme
Annual exploration expenditure to maintain steady state production
Source:
Berkeley Energia Definitive
Feasibility Study, July 2016
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China DOUBLES nuclear capacity
China set to double its nuclear capacity by 2020
and then double again by 2035
Source: BP Energy Outlook, 2017
Edition
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US utilities URGENTLY need to start buying
US utilities have a major re-contracting requirement
by 2027 as high priced 2005-2007 contracts run off.
Meanwhile, 58 reactors are currently under construction globally, a 25
year high in nuclear growth
Source: 2016 uranium marketing annual
report by the US EIA
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PRODUCTION cuts
Production cuts remove 25% of world production in 2018
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TIPPING POINT in uranium price
The Q3 spot market saw more transactions and more volume over the last three
months than any time in history with the U3O8 price closing out September at $27.38.
That is a $0.92 increase on the month and a $4.58 increase over the quarter.
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LOW uranium cost
Salamanca has amongst the lowest uranium production costs of all major suppliers
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10
REVERSING regional decline
Salamanca project
helps address largest
population decline
in Spain
APPLICANTS
FOR 200 JOBS18,000
OF VILLAVIEJA’S PERMANENT
RESIDENTS HAVE APPLIED FOR
A JOB
25%
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JOB creation
Retortillo &
Villavieja de Yeltes-30%
POPULATION DECLINE - CASTILLA Y LEÓN SALAMANCA PROJECT
2,000 €250M 450
Salamanca project hopes to address economic decline and depopulation
+
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Historic Mining Region
Mining in the region for over 2,000 years
Mines operated
in Castilla y León400+
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NUCLEAR contribution to energy mix
Nuclear power is an important component of electricity supply in Spain
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STRONG local support
Residents clearly
want the mine