Neo Energy Metals (NEO) Investor presentation summary

Investment highlights

• Near-term uranium and gold production targeted for Q2 2027, with fully permitted mines and over $500M in existing infrastructure.

• Strategic partnership with Sibanye-Stillwater, holding over 30% equity and providing board representation and operational expertise.

• Cash costs projected below $35/lb for uranium, with gold by-product credits further reducing net costs.

• Brownfield advantages enable lower capex, faster payback, and reduced execution risk.

• Positioned to benefit from a nuclear renaissance and emerging uranium supply deficit.

Asset portfolio and resources

• Beisa Uranium Complex holds 117M lbs uranium and 5.4Moz gold, with a 17+ year mine life for Phase 1.

• Henkries project offers 4.7M lbs JORC-compliant uranium resources, with potential to expand to 40M lbs.

• Combined assets provide over 124M lbs uranium and 5.4Moz gold, valued at over £17B in situ.

• Beisa North and South offer a 30-year mine life extension and significant exploration upside.

• Both projects benefit from existing infrastructure, skilled workforce, and established regulatory frameworks.

Project economics and development plan

• Beisa and Henkries projects feature cash costs of $33–35/lb, with operating margins of 55–60%.

• Initial capex for Henkries is $65M, with a payback period under 4 years and NPV of $60M at $85/lb uranium.

• Integrated roadmap targets first uranium production in Q2 2027 and steady-state cash flow by Q3 2027.

• Combined production expected to reach 1.4M lbs uranium per year by 2029, with multi-asset portfolio established.

• Expansion potential at Henkries and Beisa could extend mine life to over 57 years.