Neo Energy Metals Plc · LSE:NEO
Neo Energy Metals — Investor Presentation (December 2025)
22 slides from Neo Energy Metals's investor presentation, December 2025
Slide 1: Neo Energy Metals PLC – The next uranium producer in Africa
NEO ENERGY METALS PLC The next Uranium producer in Africa Theo Botoulas Director and CEO Investor Presentation December 2025 124 Mlbs Uranium resources | 5.4 Moz NEO ENERGY METALS PLC • Investor presentation 2025 1 Gold resources | £17B+ in-situ value
Slide 2: Forward Looking Statements
Forward Looking Statements IMPORTANT NOTICE FORWARD LOOKING STATEMENT The name “Company” refers to Neo Energy Metals PLC and its advisers and subsidiaries and affiliated companies. Statements in this presentation that address exploration activities, mining potential and future plans and This present
Slide 3: Investment Highlights
Investment Highlights U308 and gold production in 18-24 months First uranium and gold production: Fully permitted mines with >$ 500 million sunk capital - Q2 2027 (18-24 months) existing infrastructure shafts and processing plants TIER-1 STRATEGIC PARTNER Sibanye-Stillwater (NYSE: SBSW, $8.3B market
Slide 4: Uranium Market Fundamentals
Uranium Market Fundamentals A new nuclear era is driving historic uranium demand THE SUPPLY-DEMAND DISCONNECT Nuclear capacity surging Supply deficit projections 440 reactors operating globally Supply Demand 350 300 250 Lbs (million) Geopolitical supply crisis 200 • Russia enriches 44% of global ura
Slide 5: The Sibanye Validation
The Sibanye Validation When a $8.3B mining giant retains >30% on the sale of an asset with future pre-emptive rights, the market should take notice What Sibanye gets What Sibanye brings Why this matters • Beatrix 4# transaction – sunk capital which • De-risked execution would be significant to repla
Slide 6: Beisa Uranium Complex
Beisa Uranium Complex Near-term production from proven assets – initial implementation assessment of completed studies The consolidated Beisa opportunity Why Beisa is unique Total resource base: • Brownfield advantages 117M lbs uranium | 5.4Moz gold • >$500 million sunk capital in shaft, processing
Slide 7: Beisa – Infrastructure and Restart Plan
Beisa – Infrastructure and Restart Plan Hundreds of Existing infrastructure specifications Capital requirements (estimate) million-dollar Shaft depth: 1,200m (accessing 350-1,000m resources in Phase 1) infrastructure Processing plant: Designed for gold recovery (requires uranium circuit upgrade) • P
Slide 8: Neo Free State Complex - Tenure and Geology
Neo Free State Complex - Tenure and Geology Geological setting: Located in the Witwatersrand Basin, a premier region for gold and uranium, the projects target the Beisa Reef, a quartz-pebble conglomerate hosting significant mineralisation. Mineralisation: The Beisa Reef contains primarily uranium wi
Slide 9: Beisa – Mineral Resources
Beisa – Mineral Resources SAMREC Code compliant resources (2024) Beisa Uranium Mine resources – uranium(U₃O₈) Uranium (Mlbs) Gold (Moz) Measured: 3.6Mt @ 1.1 kg/t = 8.5 Mlbs Indicated: 7.8Mt @ 1.1 kg/t = 18.3 Mlbs Beisa Uranium Mine 26.9 1.2 Total M&I: 11.4Mt @ 1.1 kg/t = 26.9 Mlbs Beisa Reef North
Slide 10: Beisa North and South – the Growth Engine
Beisa North and South –the Growth Engine 30-year mine life extension – subject to a study Phase 2 development opportunity • Resources: 90M lbs Uranium | 4.2Moz Gold (Inferred) Timeline & approach • Phase 1 (2026-2028): Prove up Beisa Mine, commence resource drilling on N/S • Phase 2A (2028-2030): Up
Slide 11: Henkries – Low-Cost Surface Uranium
Henkries – Low-Cost Surface Uranium One of the world's lowest-cost uranium mines A unique uranium deposit Why Henkries is different High-grade drill intercepts • Surface to 8m depth • 4.1m @ 668ppm U₃O₈ Resources: • Paleochannel-hosted uranium in unconsolidated sands • 4.0m @ 1,033ppm U₃O₈ 4.7M lbs
Slide 12: Henkries – World Class Economics
Henkries – World Class Economics $33/lb cash costs in a $85/lb market | Project economics (Feasibility Study Update, 2024) Initial capex $65M Production profile Why these economics are exceptional Annual production: 580 000 lbs U₃O₈ Cash cost $33/lb Mine life: 10+ years (based on current resources)
Slide 13: Henkries – Exploration Upside
Henkries – Exploration Upside 37km of Paleochannel; only 12km drilled HENKRIES SOUTHEAST The 40M lb Vision HENKRIES CENTRAL (6km HENKRIES NORTH (5km HENKRIES SOUTH (30km • Current JORC Resources (M&I+inf): 4.7 EXTENSION (25km paleochannel) paleochannel) paleochannel – under review) Mlbs paleochannel
Slide 14: Integrated Development Roadmap
Integrated Development Roadmap From restart to multi-asset producer Near-term milestones (Q1 2026 – Q3 2027) Q2 2027: Q4-Q1 Q1-Q3 Q3-Q1 First Q3 Q3 2027: Steady-state 2025/6 uranium 2026 2027 production 2027 cash flow ✓ Complete Sibanye-Stillwater transaction → Beisa underground development → Uraniu
Slide 15: The Investment Case
The Investment Case Six compelling reasons to invest now 1. NEAR-TERM PRODUCTION 2. EXCEPTIONAL ECONOMICS 3. BROWNFIELD ADVANTAGE • 1.4M lbs of uranium + 50k oz gold production within 24 • Low-cost, high-margin production • $1B+ infrastructure already built months of startup possible • Beisa: <$35/l
Slide 16: Risk Factors and Mitigation
Risk Factors and Mitigation Execution risks Market risks Financing risks Regulatory, political risks Resource risks Risk: construction delays or cost Risk: uranium price volatility Risk: difficulty raising Risk: permitting delays or Risk: resources don’t convert as overruns • Low cash costs ($33-35/
Slide 17: Investment Summary
Investment Summary A rare opportunity in the uranium sector Neo Energy Metals represents a unique combination of near-term production, world-class assets, tier-1 Resources 124M lbs uranium Key investment highlights partnership, and exceptional value that is rarely found 5.4Moz gold £17B+ in-situ val
Slide 18: Corporate Structure and Valuation Gap
Corporate Structure and Valuation Gap Significantly undervalued vs peers and broker targets Current structure (as of December 2025) Listing Peer comparison – African Shares outstanding: 2.2 billion uranium developers Current share price: 0.75p 3 Market capitalisation: £16.5M 2.6 Fast Track secondary
Slide 19: South Africa – an established uranium mining centre
South Africa – an established uranium mining centre A globally positioned and internationally competitive uranium sector – over 88 years of continuous uranium production • Fully integrated industry from the mining of ore to the processing and export of yellow cake to the international markets • Key
Slide 20: Contact information
Contact information Theo Botoulas Chief Executive Officer Email: [email protected] Jason Brewer Executive Chairman Email: [email protected] Corporate Advisors and Brokers Corporate broker: CMC Capital Markets Corporate broker: Shore Capital Corporate finance: Bacchus Capital Corporate
Slide 21: Appendix 1: Technical details
Appendix 1: Technical details Additional information for technical review Beisa mining method Resource classification • Method: conventional underground mining (scattered mining) • SAMREC Code: South African Mineral Resource Committee Code (2016) • Depths: 350m to 1 000m (Phase 1); up to 2 000m+ (Ph
Slide 22: Appendix 2: Glossary of Terms
Appendix 2: Glossary of Terms Mining and Geology terms Resource Classification Brownfield: Previously developed mining area with existing infrastructure Measured: Highest confidence mineral resource classification Cut-off grade: Minimum grade required for material to be classified as ore Indicated:
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