Investor Presentation SEPTEMBER 2015 TSX-V:PLU FSE:QG1 OTC:PLUUF - - PowerPoint PPT Presentation

investor presentation
SMART_READER_LITE
LIVE PREVIEW

Investor Presentation SEPTEMBER 2015 TSX-V:PLU FSE:QG1 OTC:PLUUF - - PowerPoint PPT Presentation

Investor Presentation SEPTEMBER 2015 TSX-V:PLU FSE:QG1 OTC:PLUUF 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


slide-1
SLIDE 1

SEPTEMBER 2015

Investor Presentation

TSX-V:PLU FSE:QG1 OTC:PLUUF

slide-2
SLIDE 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

  • ur 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 Uranium's 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 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 Uranium, 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, risks relating to international

  • perations, fluctuating currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes 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 www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and Macusani cautions against placing undue reliance thereon. Neither Plateau Uranium nor its management assume any obligation to revise or update these forward-looking statements. Qualified Persons The scientific and technical information contained in this document relating to preliminary economic assessment was prepared by or under the supervision of, or reviewed and approved by, Mr. Michael Short, B.E., CEng., FIMMM and Dr Thomas Apelt, PhD, CEng., MAusIMM, of GBM Minerals Engineering Consultants, and/or Mr. Mark Mounde, BEng., CEng., MIMMM of Wardell Armstrong International, who are independent technical consultants to the Company and "Qualified Persons" under NI 43-101 Standards of Disclosure for Mineral Projects. The scientific and technical information contained in this document relating to the Mineral Resources was prepared under the supervision of, or reviewed and approved by Mr. David Young, B.Sc. (Hons), FGSSA, FSAIMM, FAusIMM, Pr Sci Nat (No 400989/83) of The Mineral Corporation that is an independent technical consultant to the Company and a “Qualified Person” under NI 43-101 Standards of Disclosure for Mineral Projects.

2

slide-3
SLIDE 3

Investment Highlights

  • Consolidated Resource in Emerging Uranium District*
  • 52.9 M lbs U3O8 Measured & Indicated (248 ppm)
  • 72.1 M lbs U3O8 Inferred (251 ppm)
  • 75 ppm U cut-off
  • Robust Resource at Higher Grade Cut-Off *
  • 32.8 M lbs U3O8 Measured & Indicated (445 ppm)
  • 45.9 M lbs U3O8 Inferred (501 ppm)
  • 200 ppm U cut-off
  • Robust Project Economics**
  • NPV: $708 M / IRR: 47.5% (pre-tax)
  • Large Scale: Proposed production of 5.2M lbs U3O8 /year during the first 5 years
  • Low Cost: <$21/lb estimated cash production cost
  • Updated PEA Expected Q3/15: Revised to incorporate the new consolidated resource
  • Excellent Infrastructure - Roads, inexpensive power, water, etc.
  • Mining Friendly Jurisdiction - Peru

Well-positioned for Uranium sector recovery

* See Slide 21 & 22 for resource details from May 2015 news release. ** Jan 2014 Preliminary Economic Assessment – see slides 9 & 10 for details.

3

slide-4
SLIDE 4

Management & Board of Directors

4

Ian Stalker

Chairman Over 30 years experience in mining development and operations in Europe, Africa, and Australia. Former CEO of UraMin Inc. until its acquisition by Areva in 2007 for US$2.5 billion. Former VP Exploration of Gold Fields Ltd., the fourth largest gold producer in the world at that time.

Ted O’Connor

CEO, Director Over 22 years of experience in the exploration industry, most recent as Director of Corporate Development at Cameco. In that role, he was responsible for evaluating, directing and exploring for uranium deposits worldwide. Mr. O’Connor has successfully led new project generation and acquisitions from early exploration through to discovery and delineation on multiple uranium projects globally. CEO & President of Azincourt Uranium for the past 24 months.

Laurence Stefan

President & COO, Director Founder of Plateau Uranium (formerly Macusani Yellowcake), serving as Managing Director in Peru since Oct. 2007. Dr. Stefan previously worked at Gold Fields of South Africa and JCI (Pty) Ltd. with recent years spent mainly on South American projects.

Alan Ferry

Director Over 25 years of experience in the investment industry following a career as a geologist, mainly in uranium exploration. Significant experience in mining analysis, mineral economics and corporate finance. Current Lead Director of Guyana Goldfields Inc. and director of Avalon Rare Metals Inc and GPM Metals Inc

Marc Henderson

Director Over 20 years of CEO experience. Currently President & CEO of Laramide Resources Ltd. Mr. Henderson previously served as President of Aquiline Resources Inc., prior to being acquired by Pan American Silver in Jan. 2010. Mr. Henderson is a Chartered Financial Analyst, and holds an economics degree from the University of Colorado.

Richard Patricio

Director Current VP Legal & Corporate Affairs at Pinetree Capital Ltd. Mr. Patricio is responsible for merger and acquisition activity, corporate transactions, compliance, corporate governance and the administration of Pinetree. Mr. Patricio received his law degree from Osgoode Hall and was called to the Ontario bar in 2000.

Engin Özberk

Director Currently Executive Director & Senior Technical Advisor and Mitacs Industry Executive in Residence – Minerals, with the International Minerals Innovation Institute. Prior to his current role, Engin spent 16 years with Cameco Corporation, most recently as Vice President, Technology and Innovation.

Dennis Higgs

Director Over 30 years of experience with financial and venture capital markets in the United States, Canada and Europe. Currently serves on the board of Energy Fuels Inc., an integrated uranium producer focused in the United States, following its acquisition of Uranerz, where Mr. Higgs was Executive Chairman for 9 years.

Experienced, proven and committed

slide-5
SLIDE 5

Capital Structure

5

Shares 40.6 M Warrants @ $0.80 Warrants @ $0.60 4.0 M 3.7 M Options 1.2 M Fully Diluted 49.5 M Market Capitalization (as of 31 Aug 2015)

CAD $14.8 M

TSX-V: PLU FSE:QG1

slide-6
SLIDE 6

Consolidating An Emerging Uranium District

6

Plateau Uranium

  • Plateau Uranium controls one of the largest

undeveloped uranium districts in the world

  • Located on the Macusani Plateau, Puno,

Southern Peru: concessions cover > 1,000 km2

  • District offers exceptional exploration prospects

& development potential

  • Excellent infrastructure:
  • Access to labour, water and inexpensive

hydro-electric power

  • Transport (major highway runs past

properties)

  • Plentiful supply of sulfuric acid
  • History of mining in the region
  • Minsur – San Rafael Tin Mine
  • Minera IRL – Ollachea Gold project
  • Good government and local community

relations

slide-7
SLIDE 7

Consolidated Land Position

7

Over 1,000 km2 of claims holding all known resources in the region

  • Azincourt acquisition

resulted in consolidated >1,000 km2 land package

  • One of the largest

uranium districts in the world

  • All deposits within

7.5-10 km radius

  • Plateau controls all

known uranium resources in Peru

  • Significant exploration

potential exists throughout district

7.5 km radius

slide-8
SLIDE 8

Development & Growth to Date

8

2015 resource estimate a culmination of over eight years of regional consolidation and exploration

Please see SEDAR for historic resource estimates. Breakdown of cut-off and current resource estimates available on slide 20.

2008 2009 2010 2011 2012 2013 2014 2015

Key Milestones Resource Estimate

for Colibri 2&3 Acquisition of Corachapi and Kihitian concessions Resource Estimate for Corachapi and updated for Colibri 2&3 PEA for 1.2 M lb/year

  • peration; cash cost
  • f $21.65/lb U3O8

$14.4 M Financing Drilling starts at Kihitian Merger with Southern Andes to become dominant land holder on Macusani plateau Resource Estimate for Kihitian Resource Estimate update PEA for 4.3 M lb/year

  • peration; cash cost
  • f $20.57/lb U3O8

Acquisition of Minergia, further consolidation of the Macusani Plateau Updated Resource Estimate on all known resources in the consolidated Macusani Plateau Uranium District

2008 2009 2010 2011 2012 2013 2014 2015

1.6 1.6 11.7 11.7 13.1 31.5 49.7 51.9 13.0 13.0 30.0 30.0 40.6 30.1 47.5 72.1

2008 2009 2010 2011 2012 2013 2014 2015

Measured & Indicated Inferred

  • 2015 resource estimate a culmination of over eight years of regional consolidation and exploration
  • $45M spent in the district between five companies over this time period
slide-9
SLIDE 9

2014 PEA Highlights

  • Robust financials
  • Low cash costs
  • Large-scale production
  • Manageable CAPEX
  • Resource expansion potential
  • Prepared by GBM Minerals Engineering Consultants,

The Mineral Corp. & Wardell Armstrong International Paves the way for PEA update in Q3 2015 on road to PFS

9

slide-10
SLIDE 10

Significant potential to improve upon an economically robust study

2014 PEA Highlights

10

* All figures in US dollars

January 2014 PEA Results*

Mine life 10 years Average annual potentially mineable tonnes 8.5 million tonnes Average grade 259 ppm U3O8 Open pit strip ratio 1 : 0.65 Processing methodology Heap Leach Processing recovery rate 88% Acid consumption 25 kg/t Average annual production (LOM) 4.3 million lbs U3O8 Average annual production (operating years 1-5) 5.2 million lbs U3O8 Uranium price US$65/lb U3O8 Average cost of production US$20.57/lb U3O8 Initial capital expenditure US$331 million Sustaining capital expenditure US$228 million After-tax NPV (8% discount rate) US$417 million After-tax IRR 32.4% Payback period 3.5 years

PEA assumes ~23,400 tonne per day heap leach operation. Conventional open pit and underground mining.

Opportunities in 2015 Updated PEA

  • Consolidated resource estimate to

improve mine life, throughput and average grade

  • Incorporating acquired Cameco data

to improve processing recovery, leaching time, and acid consumption requirements

  • Fuel and other key mining cost drivers

to be optimized under new mining sequence, mine planning not subject to 2014 PEA’s land constraints

  • Implementation of owner mining

scenario to reduce initial capex along with other capital and operating improvements

  • Study to be completed in Q3/2015
slide-11
SLIDE 11

Low Valuation vs Developer Peers

11

Source: Company Reports and Technical Reports. As of May 5th, 2015.

Attractive investment opportunity vs peers

Mkt Cap (C$M) Location Stage M&I Res. (Mlbs) Inf Res. (Mlbs) Study Date Ann. Prod (Mlbs) Mine Life (yrs) LoM Op. Cash Cost (US$/lb) Capital Intensity*

Fission Uranium $440M Sask. Scoping 79.6M 25.9M PEA: Est. H2-2015 TBD TBD TBD TBD Toro Energy $140M Australia Feasibility 61.2M 21.9M PEA: Jan 2014 1.9M 16 yrs $31 $138 Vimy Resources $60M Australia Feasibility 23.5M 49.2M Scoping: May 2015 3.0M 16 yrs $29 $100 Berkeley $40M Spain Feasibility 33.5M 54.8M PFS: Sep 2013 2.7M 11 yrs $25 $63 Forsys Metals $30M Namibia Feasibility 115.0M 11.0M FS: Mar 2015 5.2M 15 yrs $35 $83 Deep Yellow $22M Namibia Scoping 45.0M 46.1M PEA: Jun 2014 2.5-3.5M 10-14 yrs N/A N/A Mantra Acq. (Mar 2011) $920M Tanzania Feasibility 65.5M 41.2M PFS: Feb 2010 3.7M 12 yrs $25 $81 Extract Acq. (Dec 2011) $2,300M Namibia Feasibility 358.1M 154.9M FS: Apr 2011 12.4M 16 yrs $32 $134

Plateau

*Capital Intensity calculated as Initial Capex (US$M) divided by LoM average annual U3O8 production.

slide-12
SLIDE 12

Low Production Cost vs Developers

12

Source: Company Reports and Technical Reports. $0 $10 $20 $30 $40 $50 $60 $70

A-Cap Bannerman Forsys Metals GoviEx Extract Acquisition (Feb. 2012) Toro Energy Mantra Acquisition (Mar. 2011) Berkeley Macusani

LoM Operating Cash Cost (US$/lb U3O8)

Plateau Uranium

Ranked against conventional development projects

slide-13
SLIDE 13

Gold Heap Leach Comparison

13

Source: Company Reports and Technical Reports.

~175kozpa AuEq developer at US$505/oz cash cost*

  • Strong history of heap leach gold production in Peru, including Tahoe’s (previously Rio Alto’s)

La Arena gold mine and Shahuindo gold development project

  • On a gold equivalent* basis, Plateau’s updated resource at 75 ppm U cut-off (0.2 g/t AuEq cut-
  • ff) is equal to:
  • M&I resource of 2.1Moz AuEq at 0.69 g/t AuEq
  • Inferred resource of 2.9Moz AuEq at 0.70 g/t AuEq
  • At the higher 200 ppm U cut-off, Plateau’s updated resource is equal to:
  • M&I resource of 1.3Moz AuEq at 1.24 g/t AuEq
  • Inferred resource of 1.9Moz AuEq at 1.40 g/t AuEq
  • For comparison, Rio Alto acquired Sulliden Gold in May 2014 for approximately $300M;

Sulliden’s Shahuindo development project had a resource consisting of:

  • M&I resource of 2.4Moz Au at 0.52 g/t Au**
  • Inferred resource of 1.6Moz Au at 0.71 g/t Au**
  • Sulliden’s Sept 2012 Feasibility Study estimated avg. annual production of 87kozpa

AuEq at US$552/oz cash cost

* AuEq calculated using current uranium term price of US$49/lb U3O8 and current gold price of $1,200/oz Au, implying and Au/U3O8 ratio of 24.5x **Resource calculated at a 0.20 g/t AuEq cut-off for oxide resources, 0.35 g/t AuEq cut-off for mixed resources, and 0.50 g/t AuEq cut-off for sulphide resources

slide-14
SLIDE 14

Uranium Supply and Demand

14

* World Nuclear Association

slide-15
SLIDE 15

Growing Uranium Demand

15

Source: World Nuclear Association (August 1, 2015)

Global Demand

For Electricity to grow

76% by 2030

Nuclear Reactors Worldwide:

436 Operating Worldwide 67 Under Construction 166 Planned 322 Additional Proposals

Today’s Supply Crunch:

85% of demand met by mining 15% from secondary sources

U3O8 Requirements

Current Demand 173.5 MM lbs Reference Demand 270 MM lbs by 2030

Around The World: The Rise Of Nuclear Energy by 2030

slide-16
SLIDE 16

U Price & Uncovered Demand

16

* Source: Dundee Capital Markets, Company Reports, UxC (uxc.com)

Utilities contract 2-4 years ahead

slide-17
SLIDE 17

Uranium Inducement Price

17

Source: JPMorgan Research, July 28th, 2014. Plateau Uranium data based on 2013 PEA.

$0 $20 $40 $60 $80 $100 $120 $140 $160 U3O8 Price Required

INDUCEMENT PRICE FOR NEW PRODUCTION (15% IRR)

Ranked against Global competitor projects

slide-18
SLIDE 18

Near-Term Milestones

Except for statements of historical fact relating to Plateau Uranium, 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, risks relating to international

  • perations, fluctuating currency exchange rates, changes in project parameters, the possibility of project cost overruns or unanticipated costs and expenses, labour

disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated.

18

Q1/Q2 - 2015

2016+

  • Completed resource

integration & initiated revised PEA incorporating entire portfolio initiated

  • Initiated prospecting &

sampling on unexplored land and prioritize known un- drilled prospects

  • Further metallurgical testwork

planned

  • Community Agreements &

Environmental Permits in place

  • Pre-Feasibility Study
  • Bankable Feasibility

Study

  • Project financing
  • Commence

construction

  • Production Visibility –

2018 at the earliest

  • Revised PEA completion
  • Environmental studies
  • Drilling for new discovery

& to convert inferred to measured and indicated

  • Advance uranium

permitting discussions with government

Q3/Q4 - 2015

Budget to PFS (end of 2016): $3-5M Budget to Complete BFS and Permitting: $5-8M

slide-19
SLIDE 19

Permitting Environment in Peru

19

  • No current uranium production in the country
  • Established specific uranium exploration regulations
  • Working committee formed to advance uranium production

permitting regulations:

  • Plateau Uranium representatives
  • INGEMMET (Institute of Geology, Mining & Metallurgy)
  • MEM (Ministry of Mines & Energy)
  • IPEN (Peruvian Nuclear Energy Institute)
  • International Atomic Energy Agency (IAEA)
  • “Red Book” resource reporting
  • Potential scientific & regulatory assistance
slide-20
SLIDE 20

Contact Information

20

Ted O’Connor Chief Executive Officer & Director 416-628-9600 ted@plateauuranium.com OR Laurence Stefan President & Chief Operating Officer 416-628-9600 laurence@plateauuranium.com

www.plateauuranium.com

Head Office 141 Adelaide St. W., Suite 1200 Toronto, Ontario M5H 3L5

slide-21
SLIDE 21

NI 43-101 Compliant Resources

21

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

Resources at 75 ppm cut-off Measured & Indicated Inferred Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) 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 130.0 Mt 251 ppm (0.553 lbs/t) 72.1 Mlbs

slide-22
SLIDE 22

NI 43-101 Compliant Resources

22

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

Resources at

200 ppm cut-off

Measured & Indicated Inferred Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) Tonnes (Mt) Grade (ppm U3O8) Contained lbs (Mlbs U3O8) Kihitian Complex(1)

16.23 Mt 505 ppm (1.11 lbs/t) 18.05 Mlbs 29.78 Mt 520 ppm (1.15 lbs/t) 34.1 Mlbs

Isivilla Complex(2)

2.87 Mt 465 ppp (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 33.47 Mt 445 ppm (0.98 lbs/t) 32.8 Mlbs 41.62 Mt 501 ppm (1.10 lbs/t) 45.9 Mlbs

slide-23
SLIDE 23

High Elevation Mines

metres above sea level 5400 5200 5000 4800 4600 4400 4200 4000

Minsur - San Rafael Tin Mine Chinalco - Toromocho Copper Mine Collahuasi - Copper Mine Antamina - Copper / Zinc Mine

Plateau Uranium

Other Operating Mines in the Andes

23