✓ Strong fundamentals support a positive uranium price outlook

  • Nuclear growth primarily Asian and Middle East driven with China at the forefront
  • Progressive restart of Japanese reactor fleet imminent
  • Emissions reductions back on the global agenda, as evidenced by agreement between the USA and China

✓ Well positioned to develop Etango

  • DFS complete and granted environmental permit
  • Highly regarded investment jurisdiction

✓ Unparalleled leverage driven by

  • Globally significant reserve base
  • Project economies of scale

✓ Value inflection point – heap leach demonstration program

  • Early mover advantage to be enhanced through program
  • Overall project risk reduction, as well as showcase the potential held by the Etango project

✓ Experienced Management

  • Highly experienced team with a depth of experience in building and operating large mining projects
  • Bannerman has excellent community relationships and support through its Corporate Social Responsibility Program