Basin Energy Limited · ASX:BSN
Basin Energy — Noosa Investor Lunch 2024
20 slides from Basin Energy's conference presentation, Jul 18, 2024
Slide 1: Noosa Investor Lunch 2024
ASX: BSN Noosa Investor Lunch 2024 Exploring for High Grade Uranium in the Athabasca Basin 18th July 2024
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Disclaimer This presentation has been prepared by Basin Energy Limited (“Basin Energy” or the “Company”) to assist in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or pu
Slide 3: Why Basin Energy and why the Athabasca?
Why Basin Energy and why the Athabasca? 3
Slide 4: Why Basin Energy?
Why Basin Energy? Pureplay Uranium Company Leveraged to the global Well funded – Cash in bank to complete ongoing work, including follow up drilling at low carbon economy megatrends, with a North Geikie to advance initial success exploring for American focus shallow high-grade uranium Direct exposur
Slide 5: Pureplay Uranium in a proven neighborhood
Pureplay Uranium in a proven neighborhood Pureplay uranium exploration company Direct exposure to high grade uranium within the with interests in three projects. Ongoing active world class uranium mining district of the Athabasca exploration Basin, Saskatchewan, Canada – a top three global 5 uranium
Slide 6: Athabasca Basin discovery success
Athabasca Basin discovery success Athabasca Basin discoveries have delivered significant shareholder returns, even through downturns Depth (m) Time (year) Data in image from: IAEA Technical document 1857, Unconformity-related uranium deposits IsoEnergy TSX announcement, 18/07/2022, Initial Mineral R
Slide 7: Athabasca Basin discovery success
Athabasca Basin discovery success Athabasca Basin discoveries have delivered significant shareholder returns, even through downturns Depth (m) ~ C$4B Time (year) Data in image from: IAEA Technichal document 1857, Unconformity-related uranium deposits IsoEnergy TSX announcement, 18/07/2022, Initial M
Slide 8: Athabasca Basin discovery success
Athabasca Basin discovery success Athabasca Basin discoveries have delivered significant shareholder returns, even through downturns Additional recent exploration success includes • Atha Energy’s Gemini discovery¹43m @ 0.6% U3O8 Baselode Energy’s ACKIO discovery² Depth (m) 31.0m @ 0.9% U3O8 • Canala
Slide 9: Exploring for Athabasca Basin uranium
Exploring for Athabasca Basin uranium Exploring for Athabasca uranium style mineralisation, with basement hosted (Arrow style) and unconformity hosted targets (McArthur River style) Basin’s projects share the same fundamentals; Geological settings (lithology, structure) Evidence of metals (uranium,
Slide 10: Pureplay Uranium in a proven neighborhood
Pureplay Uranium in a proven neighborhood 10 Sources: World Nuclear Performance Report 2021, World Nuclear Association, September 2021; The Nuclear Fuel Report Global Scenarios for Demand and Supply Availability 2021-2040, World Nuclear Association April 2022 Regional Resource figures taken from IAE
Slide 11: Geikie
Geikie Source data see : Refer Basin Energy ASX release dated 13/10/2022 “Maiden geophysical survey defines multiple priority targets at Geikie” Refer Basin Energy ASX release dated 14/12/2022 “Airborne EM survey commence at Geikie” Refer Basin Energy ASX release dated 08/03/2023 “Geophysical target
Slide 12: Geikie – Summary Status
Geikie – Summary Status • Anomalous uranium was intersected in 4 of the 8 holes drilled o Highest grade was 0.27% U3O8 over 0.5 metres at Aero Lake o 263 ppm over 9 metres at Preston Creek • Pathfinder elements for uranium mineralisation, specifically lead isotope anomalies were observed in 5 of the
Slide 13: Gravity Results
Gravity Results • Multiple well defined and strong large targets identified coincident with key regional structures within the Geikie Uranium Project. • Drilling, Electromagnetic and magnetic data demonstrates multiple anomalies are coincident with key north south faults. • Priority ranking of regio
Slide 14: Alteration analogy with basement-hosted mineralisation
Alteration analogy with basement-hosted mineralisation 6 drillholes, 1931.6 m Incl. GKI-016 abandoned at 168m Preston South Key Magnetic ü NS, NNW Structures ü Weak-strong EM response GEOPHYSICAL Graphitic ü Structural disruption: bends, ANOMALISM Conductor splays in conductor trace Gravity Low ü Se
Slide 15: Gravity anomaly
Gravity anomaly • Gravity anomaly at Preston Creek tagged, but remains open in all directions • Key ingredients identified • Multiple additional anomalies remain in proximity 15 • Awaiting geochemistry and petrophysics for next step Source data see : Refer Basin Energy ASX release dated 28/05/2024 “
Slide 16: Basin Energy in the Athabasca – North Millenium and Marshall Projects
Basin Energy in the Athabasca – North Millenium and Marshall Projects Two projects located in proximity to world-class high-grade uranium discoveries a and mining operations, targeting repeats of traditional unconformity mineralisation North Millenium & Marshall projects target style Source data see
Slide 17: 2024 Geophysics Identifies Unconformity Targets
2024 Geophysics Identifies Unconformity Targets • Ground EM completed in 2024 has identified multiple targets at Marshall • Multiple generation geophysics provide stacked anomalies allow drill target delineation • The projects are located 15 kilometres from the majority Cameco owned Millennium urani
Slide 18: Corporate Overview
1. Cash at March Quarterly 2. 5.0m options exercisable at $0.25 to Board & Management expiring 3 years from the date of issue subject to 2 years escrow, 5.3m options exercisable at $0.25 to Advisors expiring 3 years from the date of issue subject to 2 years escrow & 3.0m options exercisable at $0.25
Slide 19: Board and Management
Board and Management Blake Steele - Non-Executive Chairman Blake Steele is an experienced metals and mining industry executive and director with extensive knowledge across public companies and capital markets. He was formerly President and Chief Executive Officer of Azarga Uranium Corp (Azarga), a U
Slide 20: Contact
Pete Moorhouse Odile Maufrais M: +61 (0) 7 3667 7449 M: +61 (0) 4 3465 9080 E: [email protected] E: [email protected] This presentation has been authorised for release by the Basin Energy Board