Us1 Critical Minerals Limited · ASX:USC
Us1 Critical Minerals — Gladiator Resources — Investor Presentation (May 2024)
23 slides from Us1 Critical Minerals's investor presentation, May 2024
Slide 1: Corporate Presentation May 2024
C O R P O R AT E P R E S E N TAT I O N MAY 2024 – ASX: GLA
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued Gladiator Resources Limited (the “Company") to inform interested parties about the Company and its progress. The material contained in this presentation sets out general background information on the Company and its activities. It does not co
Slide 3: Gladiator Board of Directors
Gladiator Board of Directors Previous Board replaced in July 2022 to re-focus and increase the Company’s activities. The board brings specific uranium mining and exploration experience, and a successful African operational record. CORPORATE PRESENTATION Greg Johnson [ AUSTRALIA ] NON-EXECUTIVE C
Slide 4: Investment Summary
Investment Summary An ASX-listed uranium focused Numerous new targets with high-grade explorer. uranium at surface and ‘right geology’ CORPORATE PRESENTATION Existing uranium deposits with clear 2023 work advanced the targets. U opportunity to expand and make new Drilling crews mobilizing during May
Slide 5: Gladiator's Uranium Projects
Gladiator’s Uranium Projects CORPORATE PRESENTATION Uranium focus 1814 km2 under license Large holding in the proven ‘Karoo’ sedimentary rocks of southern Tanzania Mkuju is in same basin as nearby Uranium One’s 125 Mlb (U3O8) Nyota deposit1 Team in country – field crews and support staff
Slide 6: Uranium is the Future – and many countries are realizing this
Uranium is the Future – and many countries are realizing this 60 New nuclear plants under construction CORPORATE PRESENTATION in 15 countries Spot Uranium price USD/lb Uranium price is stabilizing at a very health 90-100 USD/lb range and more upside than downside. Uranium gaining 400 strength up >40
Slide 7: Mkuju Project Geology
Mkuju Project Geology Flat-to-shallow dipping sandstones and shales of the Karoo Supergroup Mineralization is sandstone hosted (which accounts for >30% of global uranium Nyota Deposit production)*1 125Mlb U3O8*3 Gladiator is targeting In-Situ Recovery (ISR) CORPORATE PRESENTATION as preferred
Slide 8: Mkuju Project – at the heart of Tanzania's uranium province
Mkuju Project – at the heart of Tanzania’s uranium province 725km2 area 20km south of Uranium One’s massive Nyota deposit. Sediments of the lower Karoo. These rocks host southern Africa’s important uranium deposits: CORPORATE PRESENTATION Kyelekera (46.3Mlbs U3O8 owned by Lotus Resources), Letlh
Slide 9: SWC Target – high grades from surface but never followed up
SWC Target – high grades from surface but never followed up 2008 shallow auger drilling by Mantra Resources* at SWC gave high grades but U price ‘tanked’ and focus was at Nyota: North Limb MRSA04: 5m @ 700 ppm U3O8 from 7m including 2m@ CORPORATE PRESENTATION 1,300ppm MRSA06: 7m @ 440 ppm U3O8 f
Slide 10: SWC Target – dipping tabular uranium layers with surface outcrop?
SWC Target – dipping tabular uranium layers with surface outcrop? North Limb and South Limb zones have >3 km surface strike extent yet have never been drilled other than the shallow (max. 13m) auger holes in 2008 Gladiator’s fieldwork completed in 2023 to prepare for drilling: o High resolution grou
Slide 11: SWC Target – trench assay results up to 7139 ppm U3O8
SWC Target – trench assay results up to 7139 ppm U3O8 o The trench assay results received Dec/Jan 2023/24 confirmed high-grade uranium in sandstone: 1000’s ppm U3O8 in places*1 o Supports the 2008 auger hole results and suggest layers up to at least 6 m thick o Trench 4 was the only trench at the 2k
Slide 12: SWC Target – North Limb drill plan
SWC Target – North Limb drill plan Map of North Limb zone at SWC showing radiometric data, historical auger holes, 2023 trenches and planned holes CORPORATE PRESENTATION o Initial drilling: 6 holes planned at North Limb target then 2 at South Limb target, all diamond core. o Approx 1100m drilling to
Slide 13: Mtonya deposit
Mtonya deposit o Mtonya is 4 km southwest of SWC target, on the same trend of uranium anomalies – part of a single massive system? Map showing airborne radiometric data for Mtonya-SWC trend and insert CORPORATE PRESENTATION detailing ‘open’ areas of Mtonya • Mtonya deposit 2013 estimate: 2.7 Mt with
Slide 14: Mtonya Target
Mtonya Target GLA will ‘step-out’ 80-100 m on holes with good intersections and open to north • 8.5m @ 515 ppm U3O8 in hole URAMT_087 from 155.9m depth CORPORATE PRESENTATION • 7.0m @ 549 ppm U3O8 in hole URAMT_241 from 49.3m depth • 5.0m @ 341 ppm U3O8 in hole URAMT_110 from 126.2m depth • 2.9m @ 1
Slide 15: Likuyu North Deposit
Example uranium mineralised interval from Likuyu North (U3O8ppm) Likuyu North Deposit JORC MRE of 7.7 Mt with an average grade of 267ppm U3O8 containing 4.6 Mlbs U3O8, within a ‘pit-shell’. CORPORATE PRESENTATION Up to 8 extensive ‘stacked’ layers, gently dipping, hosted by porous coarse- graine
Slide 16: Likuyu North - Opportunity to Expand
Likuyu North - Opportunity to Expand o Likuyu North may be well-suited to ISR. Aim is to increase the size of the deposit then assess ISR Map showing airborne magnetic data for the Likuyu Nyota deposit 20km North area and structural interpretation. Possible extensions to the mineralization are shown
Slide 17: Likuyu North – Central Gap target
Likuyu North – Central Gap target CORPORATE PRESENTATION High grade uranium layer Example of opportunity at Likuyu North - previous drilling too shallow in places If ISR is the most suitable mining method, depths of 100-200 m are fine. ASX:GLA Cross-section through part of Likuyu N deposit with
Slide 18: Minjingu Project – Surficial Uranium
Minjingu Project – Surficial Uranium o Surficial uranium target in the north of Tanzania CORPORATE PRESENTATION Samples from 2022 pits 167 and 173 which contain 202ppm and 269ppm U3O8*, in soft lake sediments <3m depth These pits are at the northern end of the pitting grid, mineralisation ‘open’
Slide 19: Mineral Resource Estimates for Mkuju Project
Mineral Resource Estimates for Mkuju Project JORC MRE for the Likuyu North Deposit • Reported in accordance with the JORC Code Grade Contained 100 pm U3O8 cut off Tonnes (millions) • Effective date 27 April 2022 U3O8 ppm U3O8 Mlbs • Note that these are not in addition to each other, the 200 ppm cut-
Slide 20: 2024 work program
2024 work program • Initial ~2000m core drilling at SWC, Mtonya and Likuyu North then possible 2000 m follow-up. • Commencing – drilling contract awarded and access work underway. • Magnetic survey at Likuyu North aimed at identifying structural targets. • ISR studies and test-work using specialist
Slide 21: Appendix - Board of Directors
Appendix - Board of Directors Greg Johnson – Non-Executive Chairman With more than 25 years of experience in the fund’s management industry, Greg has held senior Capital Raising and client relationship roles at CORPORATE PRESENTATION Macquarie, Perpetual, and Dimensional, and has led Client Services
Slide 22: Appendix - Board of Directors
Appendix - Board of Directors Matthew Boysen – Non-Executive Director Matthew is a self-made sophisticated investor, owning and operating a highly successful retail business that has and continues to experience exponential growth on an annual basis. He has substantial marketing and communication exp
Slide 23: Thank You
THANK YOU Suite 1, Level 1, 1 Castlereagh St, Sydney NSW 2000 www.gladiatorresources.net Email: [email protected]
Gladiator Resources — Investor Presentation (May 2024) on 6ix