ISR Uranium Mining Frome Basin South Australia Dr Andrea - - PowerPoint PPT Presentation

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ISR Uranium Mining Frome Basin South Australia Dr Andrea - - PowerPoint PPT Presentation

2019-08-14 ISR Uranium Mining Frome Basin South Australia Dr Andrea Marsland-Smith 1 Operations Manager T ECHNICAL E XCELLENCE D RIVING C HANGE PROPRIETARY & CONFIDENTIAL Agenda Introductions Heathgate Resources - Overview of


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SLIDE 1

PROPRIETARY & CONFIDENTIAL

TECHNICAL EXCELLENCE DRIVING CHANGE

ISR Uranium Mining

Frome Basin South Australia

1 2019-08-14

Dr Andrea Marsland-Smith Operations Manager

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SLIDE 2

2

TECHNICAL EXCELLENCE DRIVING CHANGE

Agenda

  • Introductions
  • Heathgate Resources - Overview of market, company & U mining operations (Dr Andrea Marsland-Smith, HGR)
  • Nuclear Fuel Cycle and Nuclear Power (Dr Ben Heard, Frazer Nash Consultancy)
  • Field Visit – Wellfield and Processing Plant
  • Q&A
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SLIDE 3

PROPRIETARY & CONFIDENTIAL

TECHNICAL EXCELLENCE DRIVING CHANGE

3 2019-08-14

Heathgate Resources Pty Ltd – GA Subsidiary

Laser Technology Predator Aircraft Uranium Mining Aircraft Launch & Recovery Blitzer Railgun Uranium conversion Advanced Sensors DII-D – Advanced Fusion Nuclear Fuels & Materials Radiation Monitoring Systems Inertial Fusion Technology

GA and Affiliated Companies > 12,000 employees worldwide

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TECHNICAL EXCELLENCE DRIVING CHANGE

HGR Operations

  • 10 exploration licences
  • 3 mining leases
  • Central processing facility and 2

remote satellites

ISR U producer in the Frome Basin for over 17 years

  • Heathgate (HGR) owns Beverley & Beverley North mines
  • Quasar (affiliated company) owns the Four Mile Mine (HGR operator)
  • Fly-in/out operation, 24/7
  • ~285 employees & contractors
  • 20% of on-site non-professional employees are Adnyamathanha

Tenement Map

Beverley Four Mile

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TECHNICAL EXCELLENCE DRIVING CHANGE

Australia’s uranium resources

Beverley/Four Mile Deposits

Uranium resources by state 80% South Australia 10% Northern Territory 6% Western Australia 3% Queensland 1% NSW

SA NSW U (ppm) 4

Beverley/Four Mile

Source: World Nuclear Association

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6

Australian Uranium Production 2006-2018

1000 2000 3000 4000 5000 6000 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Ranger Olympic Dam Beverley Four Mile Honeymoon

Tonnes

Source: World Nuclear Association

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SLIDE 7

Market vs Mining Method

Source: Ux Consulting Company, LLC

Full-Cost Production Curve by Mine Type 2018

Upside Factors

  • Major Western Capacity

Idled; Producer Buying

  • Japan Demand Returns
  • China, India Growth
  • US/EU NPP Life Extensions

Downside Factors

  • Kazakh Production Growth
  • US/EU NPP Closures
  • Government Inventories

Wild Cards

  • Longevity of Low-Cost Kazakh

Production

  • US Trade Review / Politics
  • 3rd Party Entrants / Funds
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TECHNICAL EXCELLENCE DRIVING CHANGE

Operations

Crystalline Basement (Hard Rock) Sedimentary Basin

Four Mile ML Beverley North ML

Four Mile East Deposit Four Mile West Deposit Beverley Plant

Camp

Powerline Access Route Booster Pump Station and Reagent Storage Pipeline Four Mile Northeast

Beverley ML

Legend:

Outline of known orebodies Mineral Lease (ML) Boundary Powerline Powerline Access Route Proposed trunkline (FMW-FME) Existing trunkline (FME-Pannikan) Arkaroola Protection Area (APA)

370,000mE 365,000mE 360,000mE 355,000mE 6,670,000mN 6,650,000mN 6,660,000mN

N

2.5km

Pepegoona Deposit (Mined out) Pannikan Deposit (Mined out) Beverley Deposit (Mined out)

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TECHNICAL EXCELLENCE DRIVING CHANGE

  • The reservoir (wellfield) determines production
  • ISR is a chemical process
  • Infrastructure is tailored to what each wellfield requires

− Flow rates = Pumps − Clays/fines = Filtration − Geochemistry = Injection Reagents

ISR – The Process

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10

TECHNICAL EXCELLENCE DRIVING CHANGE

Legislative Framework – South Australia

Radiation Protection & Control Act Environment Protection & Biodiversity Control Act

SA STATE

Environmental Protection Act WHS Act Native Vegetation Act Natural Resource Management Act

Mining Act

Aboriginal Heritage Act

DEWNR DEWNR DEM EPA EPA-RPB SafeWork SA DEM DEM

COMMONWEALTH

Export Permit & Safeguards and Security

  • Triggered if project will impact a

“Matter of National Environmental Significance (MNES) – i.e. requires Commonwealth Approval.

  • U projects automatically trigger

this requirement

  • DoIIS. ASNO, IAEA

(U Projects only)

DoEE Prescriptive ML Conditions/Regulatory Oversight

2000 2019

Outcomes Focussed ML Conditions/Regulatory Oversight

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SLIDE 11

PROPRIETARY & CONFIDENTIAL

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TECHNICAL EXCELLENCE DRIVING CHANGE

Radiation Matters

  • The unit of radiation is Sievert (Sv)

1 Sv = 1000 mSv 1 mSv = 1000 µSv

  • The annual radiation dose limit to an employee working in a radiation facility is 20 mSv
  • Average radiation dose received by a Beverley Mine worker is < 1 mSv
  • In comparison, the radiation dose that may lead to health effects in humans are:

– 1000 mSv to cause cancer in future – 10,000 mSv to cause death in a few days

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SLIDE 12

Thankyou

TECHNICAL EXCELLENCE DRIVING CHANGE