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Macusani Project
Uranium & Lithium in Peru
Moving Towards 2020 Production
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...
Developing An Emerging U-Li District
3
Plateau
Uranium
• Plateau Uranium controls one of the world’s
largest undeveloped U...
Proposed Central
Processing Plant
(PEA Jan 2016)
District Potential
4
Over 910 km2 of Exploration Concessions
7.5 km radiu...
Investment Highlights
• Strong Uranium-only Project Economics at US$50/lb U3O8*
• NPV8: US$603M / IRR: 40.6% / 1.8 years c...
Catalysts
• Improving Uranium market and price environments expected
• Demand increasing ~3.5% pa – Recent term contractin...
New Discovery at Chaccaconiza
7
High Grade Uranium Discovery in New Area
Uranium Discovery
• First access agreement
signed...
Low Cost U Production vs Producers
8Source: Cantor Fitzgerald Canada Estimates, TradeTech, Company Reports – January 6, 20...
Growing Uranium Demand
9Source: World Nuclear Association (September 1, 2017)
Global Demand
For Electricity to grow
>53% b...
Uranium Supply, Demand & Price
10* Source UxC Presentation & UxC (www.uxc.com)
Lowest Quartile
Cash Costs
$17.28/lb
Recent...
Lithium Resources
11
Determining Uranium-Lithium Co-production Potential
Lithium Resources all within Uranium Resources
• ...
Lithium Demand & Price Increasing
12
• Present demand growth driven by E-Vehicles; Future by Grid Storage
• Based on only ...
Path to Production
Except for statements of historical fact relating to Plateau Uranium, certain information contained her...
Corporate Summary
14
TSX-V: PLU FSE:QG1 US OTC:PLUUF
Plateau Uranium Inc. Symbol: PLU
Listed Exchange TSX-V
Market Cap. ~$...
Contact Information
15
Ted O’Connor
Chief Executive Officer & Director
+1-416-628-9600
ted@plateauuranium.com
Ian Stalker
...
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Plateau Uranium Oct 2017 Presentation

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Plateau Uranium Inc. is a Canadian uranium-lithium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru, significant and growing lithium resources and mineral concessions covering over 91,000 hectares (910 km2) situated near significant infrastructure.

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Plateau Uranium Oct 2017 Presentation

  1. 1. Macusani Project Uranium & Lithium in Peru Moving Towards 2020 Production TSX-V:PLU FSE:QG1 OTC:PLUUF
  2. 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 our 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 operations, 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
  3. 3. Developing An Emerging U-Li District 3 Plateau Uranium • Plateau Uranium controls one of the world’s largest undeveloped Uranium-Lithium districts • Located on the Macusani Plateau, Puno, Southern Peru • Unique, shallow, volcanic-hosted supergene/surficial uranium deposits • Excellent infrastructure: • Access to labour, water and inexpensive hydro-electric power • Transport (major paved highway) • Plentiful supply of sulfuric acid • History of mining in the region • Minsur – San Rafael Tin Mine • Other gold & silver development projects • Supportive government and local communities
  4. 4. Proposed Central Processing Plant (PEA Jan 2016) District Potential 4 Over 910 km2 of Exploration Concessions 7.5 km radius • Consolidated >910 km2 land package • One of the largest uranium-lithium districts in the world • 124 Mlbs U3O8 plus 176,000 t Li2O • Un-tested Mineralized prospects at surface • Drilling focused on <15% of land package • Significant exploration potential exists
  5. 5. Investment Highlights • Strong Uranium-only Project Economics at US$50/lb U3O8* • NPV8: US$603M / IRR: 40.6% / 1.8 years capital payback (post-tax) • Large Scale: Proposed production of over 6M lbs U3O8 per year over a 10 year mine life • Low Cost: US$17.28/lb LoM cash production cost, <US$300M initial capital – Lowest quartile production potential • Project economic at current Term uranium prices, significant leverage to consensus longer term forecasted prices • Control of All Defined Uranium Resources 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 • Additional Lithium Resources with Uranium ** • 67,000 t Li2O Measured & Indicated (0.13% Li2O) • 109,000 t Li2O Inferred (0.12% Li2O) • Resources in only 4 uranium deposits within 75 ppm U cut-off • Uranium Economics will improve further • Additional resources, optimization and upgrading opportunity • Lithium Leach test work positive • Evaluating potential value-add by establishing OPEX/CAPEX Strategic Asset Positioned for Uranium Sector Recovery * Jan 2016 Preliminary Economic Assessment ** Resource details from May 2015 and March 2016 NI 43-101 Reports. Macusani Project, Puno, Peru Post Tax IRR/NPV of 40.6%, US$603M
  6. 6. Catalysts • Improving Uranium market and price environments expected • Demand increasing ~3.5% pa – Recent term contracting at US$44/lb • Using $44/lb - PEA Scenario NPV: US$457M / IRR: 39.7% / 2.0 year payback (post-tax) • Positive Drill Results from Pinocho • Extending mineralization southeast of existing core uranium deposits at higher grades • Uranium & Lithium Extraction Results • Base Case confirmed 60-70% lithium extraction with 99% uranium extraction at 70-85 °C • Sulphuric Acid Consumption of 40-50 kg/t processed (head grade of ~0.13% Li2O) • Scrubbing/Concentration Upgrading work showing promise – Li-rich fractions and phases identified with higher Li grades • Additional work to establish OPEX/CAPEX requirements for U-Li co-production to PEA level planned • Chacaconiza discovery - new surface showings up to 1% U3O8 and up to 1140 ppm Li • Peru Ministry of Energy & Mines and elected government highly supportive and are working to ensure future uranium production in the country Increasing Value amid Sector Recovery
  7. 7. New Discovery at Chaccaconiza 7 High Grade Uranium Discovery in New Area Uranium Discovery • First access agreement signed with Chaccaconiza • Falchani discovery >2km2 • Up to ~1% U3O8 & 1140 ppm Li in outcrop samples • Widespread radioactivity & U mineralization over 6 areas • Drill testing at Falchani
  8. 8. Low Cost U Production vs Producers 8Source: Cantor Fitzgerald Canada Estimates, TradeTech, Company Reports – January 6, 2017; UxC.com 09 Oct 2017 Lowest Quartile Cash Costs $17.28/lb $20.30 Current U3O8 Spot Price as at 09 Oct 2017 (UxC.com)
  9. 9. Growing Uranium Demand 9Source: World Nuclear Association (September 1, 2017) Global Demand For Electricity to grow >53% by 2035 Nuclear Reactors Worldwide: 447 Operating Worldwide 56 Under Construction 160 Planned 351 Additional Proposals Today’s Supply Crunch: 85% of demand met by mining 15% from secondary sources Annual U3O8 Requirements 2017 Demand 168.5 Mlbs Reference Demand 243 Mlbs by 2035 Around The World: The Rise Of Nuclear Energy by 2035
  10. 10. Uranium Supply, Demand & Price 10* Source UxC Presentation & UxC (www.uxc.com) Lowest Quartile Cash Costs $17.28/lb Recent Supply Erosion • Kazakhstan reductions ~5Mlbs/tr • Cameco removed ~7 Mlbs/yr • AREVA reducing Niger production • Producers processing stockpiles rather than continue mining • >10% of Global Mined Supply
  11. 11. Lithium Resources 11 Determining Uranium-Lithium Co-production Potential Lithium Resources all within Uranium Resources • Existing Lithium Resources of 67,000 t Li2O Measured & Indicated (0.13% Li2O) & 109,000 t Li2O Inferred (0.12% Li2O) • Only 4 deposits have sufficient Li analyses • All reported Li from these deposits is within the 75 ppm U economic cutoff used in Uranium PEA • Lithium is widespread with relatively consistent contents in the host rocks – “waste” contains Li and resources will grow Lithium leach test work promising • Sulphuric acid leaching ~70% Li recovery at 70-85 °C • Scrubbing & concentration increases Li head grades • Work on leaching & precipitation to determine OPEX and CAPEX requirements for Li production started
  12. 12. Lithium Demand & Price Increasing 12 • Present demand growth driven by E-Vehicles; Future by Grid Storage • Based on only 1-2% E-Vehicle penetration • Li-Carbonate input cost represents only ~2% of battery cost • Prices expected to normalize >$10,000/t (Analyst and Producer consensus); Currently >$13,000/t • 40 years of Li battery development to date – 25 years commercial • No alternate battery technology expected for many years Source: Albemarle Corporation; from Cormark Securities Source: Citigroup
  13. 13. Path to Production 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 operations, 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. 13 2017-18 2019+ • Enhanced Environmental work • Prospecting/Drilling at New Discoveries • Advance uranium permitting & discussions with government • Further metallurgical test work including U, Li/K & upgrading • Complete PEA for combined U-Li co-production • Project financing • Commence construction • 12-18 months • Drilling to convert resources to measured &/or reserves • Commence trade-off & optimization studies • Feasibility Study • Complete EIA process submissions for construction/production permitting 2018-19 Budget: $3M Budget to Complete BFS and Permitting: $12-14M Positioning Plateau for production in 2020-21 to meet forecasted supply deficit
  14. 14. Corporate Summary 14 TSX-V: PLU FSE:QG1 US OTC:PLUUF Plateau Uranium Inc. Symbol: PLU Listed Exchange TSX-V Market Cap. ~$20 million Shares Outstanding 58,043,354 Warrants Outstanding 0 Options Outstanding 4,222,500 52 Wk Trading Range $0.165 to $0.71 Recent Share Price $0.31 to $0.34 * Figures in Canadian dollars
  15. 15. Contact Information 15 Ted O’Connor Chief Executive Officer & Director +1-416-628-9600 ted@plateauuranium.com Ian Stalker Chairman & Director +1-416-628-9600 ian@plateauuranium.com www.plateauuranium.com Head Office 141 Adelaide St. W., Suite 1200 Toronto, Ontario M5H 3L5

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