✓ 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