Proudly Exploring for Uranium in Saskatchewan's North - TSXV: ISO OTC: ISENF
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TSXV: ISO
OTC: ISENF
Proudly Exploring for Uranium
in Saskatchewan’s North
June 2022
Disclaimer
Information Contained In This Presentation
This presentation is a summary description of IsoEnergy Ltd. (“IsoEnergy” or the “Company”) and its business and does Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors,
not purport to be complete. This presentation is not, and in no circumstances is it to be construed as, a prospectus, an which may cause actual events or results in future periods to differ materially from any projections of future events or
advertisement, or a public offering of securities. No securities regulatory authority or similar authority has reviewed or in results expressed or implied by such forward-looking information or statements, including, among others: negative
any way passed upon the document or the merits of the Company’s securities and any representation to the contrary is operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral
an offence. reserves or resources, the limited operating history of the Company, the influence of a large shareholder, alternative
sources of energy and uranium prices, aboriginal title and consultation issues, reliance on key management and other
Except where otherwise indicated, the information contained in this presentation has been prepared by IsoEnergy and personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based
there is no representation or warranty by IsoEnergy or any other person as to the accuracy or completeness of the upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to
information set forth herein. Except as otherwise stated, information included in this presentation is given as of the date operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the
hereof. The delivery of this presentation shall not imply that the information herein is correct as of any date after the date mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in
hereof. obtaining governmental or other approvals.
This presentation shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be Although the Company has attempted to identify important factors that could cause actual results to differ materially
any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities from those contained in the forward-looking information or implied by forward-looking information, there may be other
referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking
(the “U.S. Securities Act”), and such securities may not be offered or sold within the United States absent registration information and statements will prove to be accurate, as actual results and future events could differ materially from
under the U.S. Securities Act or an applicable exemption from the registration requirements thereunder. those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking
statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a
All dollar amounts referenced herein, unless otherwise indicated, are expressed in Canadian dollars. result of new information or events except as required by applicable securities laws.
Cautionary Note Regarding Forward-looking Information Technical Information
The information contained herein contains “forward-looking statements” within the meaning of the United States Private All of the scientific and technical information in this presentation has been reviewed and approved by Mr. Steve Blower,
Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian P.Geo., Vice President – Exploration & Development for IsoEnergy. Mr. Blower has verified the sampling, analytical, and
securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring
activities, events or developments that the Company expects or anticipates will or may occur in the future, including, all of the data collection protocols. Mr. Blower is a qualified person for the purposes of National Instrument 43-101 –
without limitation, planned exploration activities and completion of the acquisition of the Property. Generally, but not Standards of Disclosure for Mineral Projects (“NI 43-101”).
always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative For additional information regarding the Company’s Radio project please refer to the Technical Report entitled “Technical
connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, Report for the Radio Project, Northern Saskatchewan” dated effective August 19, 2016 prepared by Tim Maunula,
“would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. available under IsoEnergy’s profile on www.sedar.com. Mr. Maunula is a “qualified person” under NI 43-101.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the For additional information regarding the Company’s Thorburn Lake project please refer to the Technical Report entitled
results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned “Technical Report for the Thorburn Lake Project, Northern Saskatchewan” dated effective September 26, 2016 prepared
exploration activities, that general business and economic conditions will not change in a material adverse manner, that by Tim Maunula, available under IsoEnergy’s profile on www.sedar.com. Mr. Maunula is a “qualified person” under NI 43-
financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and 101.
supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be
available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing For additional information regarding the Company’s Larocque East project please refer to the Technical Report entitled
forward-looking information or making forward-looking statements are considered reasonable by management at the “Technical Report for the Larocque East Project, Northern Saskatchewan” dated effective May 15, 2019 prepared by Tim
time, there can be no assurance that such assumptions will prove to be accurate. Maunula, available under IsoEnergy’s profile on www.sedar.com. Mr. Maunula is a “qualified person” under NI 43-101.
2 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Background & Approach
Company formed in 2016 – 5 Eastern Athabasca properties spun out of NexGen Energy
Clear strategy at a difficult time in the uranium market – presented an opportunity for the company
Built a portfolio of 24 High Quality Properties
3 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Eastern Athabasca Portfolio
Original Strategy
Stake/acquire as much prospective ground in the eastern Athabasca as possible
Drill around mineralized intercepts not adequately followed up post 2011
24 High Quality Properties, including:
Larocque East is home to the Hurricane Zone high-grade uranium discovery
Geiger covers numerous intersections of weak uranium and uranium pathfinder
mineralization, many walk-up drill targets, and thin sandstone cover
Collins Bay Extension acquisition located along-trend of, and within 7km of, the
Rabbit Lake uranium mine and mill complex
Thorburn Lake 7km east of the Cigar Lake Mine. Several drill holes have hit
uranium mineralization. Numerous target areas remain
Radio located 2km east along strike of the Roughrider deposit, which Rio Tinto
acquired for $587M in February 2012
4 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Hurricane Discovery 5 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Flagship Asset – Larocque East Hurricane Zone
100% owned by ISO
May 2018: Acquired for $20K and 1M shares
July 2018: Hurricane discovered
8.5m @ 1.26% U3O8; 2.5m @ 3.58% U3O8
2020: 44 holes, 17,400m in Q1 & Q4
2021: 30 holes drilled summer 2021
2022: 12,000m program being completed
Drilling Highlights:
LE20-32A: 8.5m @ 19.6% U3O8
LE20-34: 8.5m @ 33.9% U3O8
LE20-51: 7.5m @ 14.5% U3O8
LE20-52: 7.5m @ 22.7% U3O8
LE20-53: 10.5m @ 11.7% U3O8
LE20-54: 9.0m @ 12.8% U3O8
LE20-57: 10.0m @ 11.7% U3O8
LE20-64: 5.0m @ 48.8% U3O8
LE20-76: 7.5m @ 38.8% U3O8 (incl. 3.5m @ 74.0%)
LE21-78C1: 12.0m @ 5.2% U3O8
LE21-87A: 7.5m @ 4.5% U3O8
LE21-107: 6.5m @ 20.4% U3O8
Hurricane zone is shallow, only 325m below surface
Numerous other prospective targets on property
6 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Hurricane Zone Drilling
Drilling Highlights:
Some of the thickest
and highest-grade
intercepts drilled
since NexGen’s
discovery of the
Arrow Deposit
7 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Athabasca Basin Deposit Depths
Hurricane located at relatively shallow depth compared to many other Basin deposits – at 325m below surface
88 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Exploration
Summer 2021
• Over 16,000m of drilling on Larocque East and Geiger
• Geophysics completed on Larocque East, and Collins
Bay Extension
Winter 2022
• 11,900m of drilling planned on Larocque East
• 2,400m –follow up on mineralization
intersected at Hurricane last summer
• 9,500m – exploration of conductive trend
• Ground geophysical surveys at Geiger, Ranger and
Hawk projects
9 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Larocque East – 2021Drilling & Follow Up
Hurricane
16 drill holes completed to define limits
of Hurricane Zone
Expanded footprint to south
Second high-grade lens discovered
Evaluated western J-L fault
corridor
Best result – 6.5m @ 20.4% U3O8 in
LE21-107
LE21-101 intersected weak
mineralization in weak J-L corridor
Winter 2022 follow-up target
2,400m to follow-up LE21-101 and test
conductor south of Hurricane
10 IsoEnergy.ca TSXV: ISO OTCQX: ISENFLarocque East – Hurricane Zone
Key Features of a Significant Discovery
High grade mineralization over widths and
thicknesses seen at major deposits – up to
12m thick x 125m wide
Known uranium mineralization extends over
1km of strike length
Mineralization occurs on a major basement
tapping fault system that caused a ridge in
the sub-Athabasca unconformity
Relatively shallow depth of 325m
40km from Orano’s McClean Lake mill
No lake or water cover
Borders Cameco/Orano Dawn Lake property
Dawn Lake JV active adjacent to
Hurricane
New low-cost mining techniques emerging
for unconformity hosted uranium deposits
1111 IsoEnergy.ca TSXV: ISO OTCQX: ISENFLarocque East – 2021Drilling
Exploration
Fourteen drill holes primarily testing
coincident EM and Resistivity targets
LE21-94, -98 intersected significant,
altered basement structure and UC
expression
LE21-92, -96 intersected basement
alteration zone
12 IsoEnergy.ca TSXV: ISO OTCQX: ISENFExploration – Winter 2022
Ground Geophysics January: Geiger Geophysics
Drilling
Ground EM in two underexplored areas
January-March: Larocque East Drilling
Follow-up 2021 drilling results and 2019-2021
geophysical targets
March-April: Ranger & Hawk Geophysics
Ground EM to follow-up historical airborne
conductors
13 IsoEnergy.ca TSXV: ISO OTCQX: ISENFLarocque East – 2022 Winter Drilling
Excellent Exploration Potential
East of Hurricane
15km of conductors related to the
Larocque Trend are present at
Larocque East
Pre-2022 IsoEnergy drilling limited to
2019 Resistivity footprint
Several historical drill holes east of
the Hurricane zone have intersected
weak uranium mineralization and/or
elevated geochemistry
2019 2021 9,500m to follow up existing drilling
Resistivity and test geophysical targets
Prioritize targets inaccessible in
summer
14 IsoEnergy.ca TSXV: ISO OTCQX: ISENFGeiger – Summer 2021 Drilling
Last drilled summer 2018 immediately before Hurricane discovery
12 holes completed in July/August 2021 – 4,428m
A total of ~135 kilometres of graphitic conductors
Several mineralized intersections are present including high grade
basement mineralization up to 2.74% U3O8 over 1.2 m in drill hole HL-50
Newly discovered alteration zone intersected
Section Q3-3700E
(Drill Holes GG21-21
and GG21-27)
15 IsoEnergy.ca TSXV: ISO OTCQX: ISENFGeiger – Winter 2022 Ground Geophysics
Shallow and Underexplored
Drill Target Generation
Ground Electromagnetic surveys underway in prospective Q23 and Q48 areas
Both areas contain historical conductors within magnetic low zones and
shallow depth to unconformity (250-275m)
Q23
Only two drill holes in area including one abandoned before target
Both intersected favourable sandstone alteration and structure
One intersected weak mineralization in the basement
Q48
Lies along strike of Murphy Lake occurrence (0.25% U3O8 / 6.0m) and
strong alteration with anomalous geochemistry in H5 area
Single drill hole completed in area intersected major zone of faulting and
alteration in sandstone
16 IsoEnergy.ca TSXV: ISO OTCQX: ISENFCollins Bay Ext. – Summer 2021 Airborne Geophysics
Airborne Geophysics
567 line-kilometer geophysical survey
completed over southwestern portion
of the project
Intended to map the Tent-Seal and
Collins Bay trends and survey
radioactive anomalies
Finalized dataset received February
2022; interpretation underway
On trend of former mines – Eagle
Point and Collins Bay A Zone
17 IsoEnergy.ca TSXV: ISO OTCQX: ISENFHawk and Ranger – Winter 2022 Ground Geophysics
Ground EM surveys planned at Hawk and Ranger to advance projects to drill ready state
Hawk
Covers at least 10 km of prospective magnetic low corridor hosting EM conductors
Single drill hole within project failed to intersect conductive rocks – entire trend is untested
Six widely-spaced survey lines planned to generate targets for first-pass diamond drilling
Anticipated March-April 2022
Ranger
Ten survey lines to pinpoint historical conductors
Limited historical drilling is confined to southeastern corner of survey area
Shallow depth to Unconformity (230-300m)
Anticipated March 2022
18 IsoEnergy.ca TSXV: ISO OTCQX: ISENFMarket & Corporate Overview 19 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Strong Market Fundamentals
Market continues to strengthen – all signs pointing in the right direction UxC U3O8 Prices
Market – Supply/Demand Fundamentals
440 operating reactors in 32 countries; 50 reactors under construction in 18 countries
Uncovered uranium requirements – 2.27 billion lbs between 2022 and 2040
40% uncovered by 2027; 68% in 2032
Changing Market and Significant Geopolitical Shift Underway
Continuing Impact of SPUT; Kazakh Fund; Unconventional spot purchasing by non-traditional entities;
Kazakhstan – Civil unrest; Russia – invasion of Ukraine will have far-reaching impact on market in near
term and for years to come – Suspension Agreement/Sanctions/Ethics
Production – Secondary Supplies Uncovered Utility Requirements
Measured approach to McArthur River restarting, following almost 4 year curtailment
End of life for longstanding supply sources – Rio Tinto Ranger; Orano’s Cominak
Accelerated inventory and secondary supply drawdown
Expect 66 million lbs needed in 2022 – accounting for 33% of total supply
High Level – Improving Narrative Globally
Growing acceptance of nuclear in the fight against climate change – positive ESG investment
Strengthening commitments to nuclear
Numerous countries/sovereigns – increased interest in building/growing programs
China’s 14th 5 Year Plan – 70 GWe nuclear target by 2025 (48 GWe end of 2020)
France’s recommitment to its nuclear program; UK nuclear growth; new jurisdictions
Source: UxC
20 IsoEnergy.ca TSXV: ISO OTCQX: ISENFCapital Structure
1 Year Stock Chart | TSXV: ISO Share Structure
Issued & Outstanding Shares 106,501,270
Stock Options 8,166,667
Warrants 0
Convertible Debt (US$6 million)(1) 8,520,000
Fully Diluted Shares 123,187,937
Cash ~C$8.4 Million
(1) Convertible at C$0.88 per share with the exact number of shares to be issued based
on the CAD:USD exchange rate at the time of conversion.
Analyst Coverage
Haywood Securities Inc.
Colin Healey
PI Financial
Chris Thompson
21 IsoEnergy.ca 1. Share Structure as at Feb. 1, 2020 TSXV: ISO OTCQX: ISENFManagement 22 IsoEnergy.ca TSXV: ISO OTCQX: ISENF
Board of Directors
Leigh Curyer Tim Gabruch Trevor Thiele Richard Patricio Chris McFadden
Chairman Director & CEO Director Director Director
Chartered Accountant 25+ years experience in Chartered accountant Lawyer with 20+ years Chairman of NexGen
with 20+ years the uranium mining and with 30+ years capital market Energy Ltd.
experience and former nuclear energy industries experience in capital experience
Lawyer with 20+ years
CFO of Southern Cross markets including CFO
20+ years with Cameco President and CEO of experience in
Resources (now of major Australian
Corp, including VP of Mega Uranium Ltd. exploration and mining
Uranium One) Agribusiness (Elders
Marketing
and Viterra) Former CEO of Pinetree Former Commercial
President and CEO of
Former VP Commercial Capital General Manager and
NexGen Energy Ltd.
Denison and Chief Head of Legal for Tigers
Commercial Officer at Realm Group and Tigers
Uranium Participation Realm Coal
Corp
Former Commercial
General Manager for Rio
Tinto
23 IsoEnergy.ca TSXV: ISO OTCQX: ISENFInvestor Highlights
IsoEnergy Highlights
Strategic steps taken in down market – world class
portfolio created. Only junior with a new high-
Discovery grade uranium discovery at a time when uranium
market fundamentals and nuclear industry
narrative continues to strengthen
Outstanding team of geologic, financial and
Team governance professionals. With unwavering
continued support from NexGen
Geopolitical setting of projects is a strategic
advantage. Saskatchewan and Canada are highly
Location ranked mining jurisdictions
Further supported by nearby transport and energy
infrastructure and an existing mill
Tightly held. maintains ~51% - provides
Structure IsoEnergy with tremendous support and strategic
advantage. Significant holding by various
institutions and other strategic investors
24 IsoEnergy.ca TSXV: ISO OTCQX: ISENFContact
Management
Tim Gabruch
President & Chief Executive Officer
Email: tgabruch@isoenergy.ca
Direct: +1.306.261.6284
Investor Relations
Kin Communications
Email: iso@kincommunications.com
Direct: +1.604.684.6730
25 IsoEnergy.ca TSXV: ISO OTCQX: ISENFYou can also read
