ENABLING THE NEW ENERGY PARADIGM

Transcription

1 ENABLING THE NEW ENERGY PARADIGM TSX-V: PLU FSE: QG1

2 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 Energy Metals 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 lithium and 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 Energy Metals, 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, the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, results of any initial feasibility, pre-feasibility and feasibility studies, and the possibility that any future exploration, development or mining results will not be consistent with our expectations. mining and development risks, including risks related to accidents, equipment breakdowns, unanticipated difficulties with or interruptions in exploration and development, the potential for delays in exploration or development activities or the completion of feasibility studies, if any, the uncertainty of profitability based upon the cyclical nature of the industry in which we operate, delays in obtaining governmental approvals or in the completion of development or construction activities, risks related to environmental regulation and liability, political and regulatory risks associated with mining and exploration, risks related to the certainty of title to our properties, 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 (including work stoppages and strikes) 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 Actual events or results may differ materially from those projected in the forward-looking statements and Plateau cautions against placing undue reliance thereon. Neither Plateau Energy Metals nor its management assume any obligation to revise or update these forward-looking statements. Qualified Persons Mr. Ted O Connor, P.Geo., a Director of Plateau Energy Metals, and a qualified person as defined by National Instrument Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this presentation.

3 HIGHLIGHTS

4 Highlights Strong Management Team & Board Exploration -> development + project finance leadership Peruvian technical, environmental, permitting + community relations teams Consolidated Land Package 100% Control: 910 km 2 in the world s largest underdeveloped Lithium and Uranium districts Location: Macusani Plateau, Puno, Southern Peru Excellent Infrastructure Labour, water and inexpensive hydro-electric power Transport (major highway 17km from Falchani camp) Reagents supply in-country (H 2 SO 4 ) Mining Supportive Jurisdiction Supportive government and local communities 4

5 Highlights Falchani Lithium Project Advanced Exploration Stage Discovery -> Maiden Resource in 9 Months High-grade volcanic-hosted Lithium deposit Unique hard rock deposit Large mineralized footprint, ~20% drilled to date Broader target area 6km x 5km Macusani Uranium Early Development Stage Shallow, volcanic supergene/surficial uranium deposits Multiple satellite deposits, centralized processing plan (PEA) Ability to fast track development path Resilient project with optimization plans in review Scalable, flexible growth plan 5

6 Corporate Overview TSX-V: PLU US OTC:PLUUF FSE:QG1 Market Capitalization Shares Outstanding ~C$86 million ~71.6 million Warrants Outstanding ~2.0 C$0.50 (05/19) ~2.1 C$0.90 (05/21) Options Outstanding ~6.3 C$0.35-C$ Week Trading Range C$0.26 to C$1.69 Recent Share Price C$1.20 Alex Holmes Laurence Stefan Ted O Connor Ian Stalker CEO & Director President & COO + Dir. Prof. Geologist & Dir. Chairman Vancouver Capital Markets Project Evolution MSc IM Prev. VP BD True Gold Mining Peru Geologist Exploration & Dev. PhD Leading PLU Peru since 2007 Saskatoon Geologist Uranium Expert 20+ years Cameco Vancouver Engineer Former CEO, UraMin Inc. 35+ year mining experience Wayne Drier Alan Ferry Maryse Belanger Christian Milau Director Director Director Director Vancouver Finance & Ops CFO, Ero Copper Toronto Geologist, Analyst Director, Guyana Goldfields Vancouver Engineer & Ops President, COO, Atlantic Gold Vancouver Finance & Ops CEO, Equinox Gold Analyst Coverage Colin Healy Technical Consultants 6

7 FALCHANI LITHIUM PROJECT

8 Falchani Lithium Highlights Starter Resource High Grade Lithium-rich tuff Indicated * : 34.82Mt at 0.73% Li 2 O containing 0.63Mt Li 2 CO 3 (equiv.) Inferred * : 80Mt at 0.73% Li 2 O containing 1.41Mt Li 2 CO 3 (equiv.) Lithium-rich tuff + Upper & Lower Breccia Indicated * : 58Mt at 0.67% Li 2 O containing 0.67Mt Li 2 CO 3 (equiv.) Inferred * : 70Mt at 0.59% Li 2 O containing 1.76Mt Li 2 CO 3 (equiv.) Potential for Development Scalable Bulk Tonnage Near Surface Lithium zones located at surface to ~200 m below Lithium zone average ~75 m (up to ~150 m) Advancing to PEA Growth Mapped and surface sampled Lithium target area extends up to 1.7 km (N-S) and 2.2 km (E-W) The maiden resource estimate is based on drilling that covers ~20% of the target area Metallurgy Early metallurgical test work on sulphuric acid leach identifies potential for battery grade Lithium Carbonate 99.74% Ongoing metallurgical test work to evaluate multiple processing flow sheet options and advance work to determine ideal route(s) * Refer to NI technical report as filed on SEDAR, September 7,

9 Falchani Lithium Exploration Falchani East Extensions Drilling extensions to deposit to the East, North and South Falchani West Outcrop mapping and sampling extends target ~1km West Lithium units at surface targeted for drilling Regional Targeting 6 km by 5 km interpreted collapsed caldera setting as target for future exploration 9

10 MACUSANI URANIUM PROJECT

11 Macusani Uranium Highlights Strong Project Economics US$50/lb U 3 O 8 * NPV: US$603M IRR: 40.6% 1.8 years. capital payback (post-tax) Large scale: proposed production averaging over ~6 Mlbs U 3 O 8 per year over a 10 year mine life PEA Mine Plan Resources: ~70 Mlbs U 3 O 8 at 289 ppm Low Cost: ~US$17/lb LoM cash production cost, ~US$300M initial capital At ~US$35/lb (near current Term price) NPV: ~US$220M Excellent Infrastructure Roads, inexpensive power, water, etc. proximal to project Path to Permitting Environmental Impact Assessment commencing Government regulations on Uranium Transport + Export Uranium Resources Control of All Defined Uranium Resources in Emerging Uranium District** Measured & Indicated: 52.9 Mlbs U 3 O 8 (248 ppm) (75ppm U cut-off) Inferred: 72.1 Mlbs U 3 O 8 (251 ppm) (75ppm U cut-off) Company owned drills discovery + delineation costs to date at $0.36/lb in ground Near Surface + Leach Kinetics 5 near surface deposits included in the PEA mine plan Hosted in porous volcanic rock -> rapid leach and low acid * Refer to NI technical report as filed on SEDAR, Feb 10, 2016 ** Refer to NI technical report as filed on SEDAR, Jun 22,

12 Macusani Uranium Development Processing Tank leach option work to be advanced Potential for better recoveries & shorter leach cycle Mid-90 s in early tests vs. 88% in PEA Pre-Concentration Potential economic improvement with size/screen sorting >85% uranium contained in 50% of mass in fine fraction Potential for less material handling and reduced processing throughput Scalability Phased expansion, smaller initial capex options to be reviewed 2 to 6 Mlbs U 3 O 8 annual production ranges considered previously Review + engineering work in consideration Growth Near Mine Plan Resources 2-3 existing deposits/zones outside of current PEA to be followed up on >50 million lbs excluded from current PEA Project Resilience High grade only option to be revisited Optimization work on current PEA mine plan Exploration 85% of exploration land package undrilled untested targets for early follow-up Additional target generation Tax Model Currently modeled as 3% NSR in PEA Royalties are negotiated and usually range between 1 and 3% of profits Permitting clarity Peru team participating in ongoing discussions with Peruvian regulators around the legal framework for handling and exporting of radioactive material Ministry focused on permitting clarity in near-term Support Presidential level support to implement permitting framework for Peru s first uranium mine (see Reuters news August 10 th, 2018) Local communities in support, Baseline Study accepted, commencing EIA 12

13 COMMUNITIES + ROADMAP

14 Community Engagement Local Employment Employment of local community members from Isivilla, Tantamaco, Chacoconiza, Quelcaya, Chimboya, Pacaje and Corani Skill building roles include: Drill road and platform preparation/construction Camp personnel Environmental monitoring Prospecting, etc. Human Capital Scaled for current and planned company activities Equipment Loans Loaning company owned road building equipment for local community use to improve community infrastructure Medical Campaign Twice yearly campaign targeting the communities we are engaged with Water Treatment Plant Assisted establishing water treatment plant Festival Sponsorship Sponsorship of local and regional festivals and events celebrating the culture and communities in the Macusani plateau Madre Leche Monthly contributions to community programs, ie. monthly madre leche (milk) program Schools Sponsorship Sponsorship of educational programs in local schools 14

15 Roadmap Nov > July 2018 Falchani Li Resource April 2018 August Exploration Ongoing End of H Falchani PEA Discovery hole to maiden resource in ~9 months Falchani East area resource expansion Falchani West initial drill testing Targeting PEA end of H With exploration success, anticipate resource update in advance February 2018 Jan Metallurgy Programs Nov Macusani Uranium Conceptual stage test work testing one process route to battery grade lithium product Next stage metallurgical work program to evaluate multiple process route options to identify preferred path Commence work programs focused on optimized development plan, exploration and updating of PEA Permitting + Environmental 15

16 Contact Information PLATEAU ENERGY METALS INC. ENABLING THE NEW ENERGY PARADIGM TSX-V: PLU FSE: QG1 Alex Holmes, CEO & Director +1 (416) PLATEAU ENERGY METALS INC. 141 Adelaide St. W., Suite 1200 Toronto, Ontario M5H 3L5 16

17 APPENDIX

18 Permitting Environment in Peru Environmental Impact Study (EIA) to Ministry of Energy & Mines 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 Plateau s Environmental Baseline Study plan has been submitted and accepted by the government regulators and local communities Water rights from the National Water Authority Surface lands right agreements with surface owners Approval to construct and operate

19 Uranium Resources (75 ppm U) Resources at 75 ppm cutoff Tonnes (Mt) Measured & Indicated Grade (ppm U 3 O 8 ) Contained lbs (Mlbs U 3 O 8 ) Tonnes (Mt) Inferred Grade (ppm U 3 O 8 ) Contained lbs (Mlbs U 3 O 8 ) 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 Mt 251 ppm (0.553 lbs/t) 72.1 Mlbs 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

20 Uranium Resources (200 ppm U) Resources at 200 ppm cutoff Tonnes (Mt) Measured & Indicated Grade (ppm U 3 O 8 ) Contained lbs (Mlbs U 3 O 8 ) Tonnes (Mt) Inferred Grade (ppm U 3 O 8 ) Contained lbs (Mlbs U 3 O 8 ) Kihitian Complex (1) Mt 505 ppm (1.11 lbs/t) Mlbs 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 Mt 445 ppm (0.98 lbs/t) 32.8 Mlbs Mt 501 ppm (1.10 lbs/t) 45.9 Mlbs 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

21 Macusani Uranium Alternative Cases 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 Initial Capital (millions LOM Capital (millions US$/t ROM US$/lb U 3 O 8 Case US$) US$) Base Case $299.9 $358.5 $9.60 $ : HL / OP $247.5 $279.4 $14.60 $ : HL / OP + UG $247.5 $291.4 $13.60 $ : TL / OP $267.4 $299.3 $17.60 $ : TL / OP + UG $267.4 $311.3 $17.00 $18.81 Financial Model Estimate Results (US$50/lb) Recovered U 3 O 8 Pre-Tax Post-Tax Case Mlb/a NPV (M US$) IRR (%) NPV (M US$) IRR (%) Base Case 6.08 $ % $ % 1: HL / OP 4.26 $ % $ % 2: HL / OP + UG 5.01 $ % $ % 3: TL / OP 4.50 $ % $ % 4: TL / OP + UG 5.30 $ % $ % * Refer to NI technical report as filed on SEDAR, Feb 10, All values denoted in US dollars.

22 Macusani Uranium Project Sensitivities Uranium Price Sensitivities: (After-tax NPV8%) At US$65/lb: $937.4M At US$35/lb: ~$220M NPV Break-Even Price: US$25.66/lb Relatively less sensitive to operating and capital costs Project highly leveraged to uranium price * Refer to NI technical report as filed on SEDAR, Feb 10, All values denoted in US dollars.

23 Notes