Bannerman Energy (BMN) Investor Presentation summary

Project overview and strategic positioning

• Flagship Etango Project is among the world's largest, most advanced uranium development assets, located in Namibia, a top global uranium producer with robust infrastructure and regulatory support.

• Fully permitted with all environmental approvals and mining licence in place, supported by strong community and government backing.

• Project de-risked through extensive drilling, technical evaluation, and pilot plant operation, with a clear pathway to development and expansion.

• Positioned to capitalize on a recovering uranium market, with scalable growth options and significant leverage to uranium price upside.

• Long track record of responsibility, sustainability, and positive social and environmental impact, including job creation and carbon emissions reduction.

Financials, capital structure, and market context

• ASX share price as of 30 Jan 2025: A$2.91; market capitalization: A$520M; cash balance (31 Dec 2024): A$81.1M; no debt.

• Institutional ownership at 34%, board and management at 3%, and other investors at 63%.

• Uranium market faces a persistent supply gap, with rising demand from global utilities and new technologies like SMRs, supporting a strong long-term outlook.

• Project leverages Namibia’s 45-year uranium production history, established mining code, and strong rule of law.

Management, technical team, and governance

• Board and management have deep uranium sector and Namibian operating experience, including leadership roles at major uranium mines.

• Technical team includes experts in mining, finance, legal, and project management, with extensive African and global mining backgrounds.

• Recognized for ESG leadership, with peer-reviewed, IFC-compliant ESIA and community engagement awards.