Slide 1: Uranium and Base Metals in WA
ASX : ENR For personal use only AMEC Congress 23 May 2008 Uranium and Base Metals in WA y Diversity Commodity y – Geographic g p Focus 1
Slide 2: Nuclear Power Reactors – Existing & Planned
Nuclear Power Reactors – Existing & Planned For personal use only Source: (c) World Nuclear Association information as at 17 October 2007, reproduced in BHP Billiton, 2007, BHP Billiton and Rio Tinto: A Matter of Value, BHP Billiton, Melbourne, p 29. Australia’s share of global uranium resources exc
Slide 3: Summary
Summary For personal use only 9 Experienced Team - former WMC/BHP Billiton executives who specialise in exploring for world class size deposits 9 Two pronged g exploration strategy gy - uranium and base metals in Western Australia 9 Track record as an aggressive and successful explorer - Hillview di
Slide 4: Corporate Information
Corporate Information For personal use only I Issued d Capital: C it l 69m O 69 Ordinary di Sh Shares 2m Employee Options Market Cap: $17m @ $0.25/share Cash (31/3/08): $5 5m $5.5m 4
Slide 5: People
People For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Non Executive Director Kevin Hart - Company Secretary E Experienced i d team t off former f WMC / BHP Billit Billiton executives ti 5
Slide 6: Project Portfolio
Project Portfolio For personal use only Uranium YILGARN – Calcrete Uranium PATERSON PROVINCE – Unconformityy Uranium & Base Metals B Base M Metals t l BANGEMALL BASIN – SEDEX ‘Centuryy Style’ Base Metals 6
Slide 7: Project Portfolio
Project Portfolio For personal use only Uranium YILGARN – Calcrete Uranium PATERSON PROVINCE – Unconformityy Uranium & Base Metals B Base M Metals t l BANGEMALL BASIN – SEDEX ‘Centuryy Style’ Base Metals 7
Slide 8: Hillview Discovery
Hillview Discovery Large scale calcrete hosted uranium deposit For personal use only • Within 15m of surface • Consistent and coherent mineralisation: – 10m @ 209ppm U3O8 – 4m @ 287ppm U3O8 – 5m @ 221ppm U3O8 – 9m @ 198ppm U3O8 • Resource calculation – June 2008 Encounter 80% / Avoca 20% 8
Slide 9: Hillview Discovery
Hillview Discovery For personal use only Large scale calcrete hosted uranium deposit 10m 1km Consistent body of mineralisation with no internal dilution. May represent a future bulk mining opportunity. 9
Slide 10: Project Portfolio
Project Portfolio For personal use only Uranium YILGARN – Calcrete Uranium PATERSON PROVINCE – Unconformity Uranium & Base Metals B Base M Metals t l BANGEMALL BASIN – SEDEX ‘Centuryy Style’ Base Metals 10
Slide 11: Paterson Province – Yeneena JV
Paterson Province – Yeneena JV World class mineral province for base metals and unconformity uranium For personal use only • ENR earning 75% interest • Joint Venture with Barrick Gold • 1500 km2 in under-explored under explored Proterozoic belt hosting three world class mineral deposits 11
Slide 12: Paterson Province – Yeneena JV
Paterson Province – Yeneena JV World class mineral province for base metals and unconformity uranium For personal use only • Key structural position in highly endowed mineral belt • Basin margin replicates the geological setting that hosts the Kintyre uranium deposits to the south. • Database of 750
Slide 13: Project Portfolio
Project Portfolio For personal use only Uranium YILGARN – Calcrete Uranium PATERSON PROVINCE – Unconformityy Uranium & Base Metals B Base M Metals t l BANGEMALL BASIN – SEDEX ‘Century Style’ Base Metals 13
Slide 14: Bangemall Basin – Base Metals
Bangemall Basin – Base Metals For personal use only Targeting Century / McArthur River HYC analogue in WA Proterozoic basins 14
Slide 15: Tchintaby Well
Tchintaby Well Large mineralised system with high quality drill targets defined For personal use only • Project secured in 2005 to cover regional multi element geochemical anomaly • Major structural position in Proterozoic basin • Six excess mass gravity anomalies have been defined adjacent to the r
Slide 16: Tchintaby Well
Tchintaby Well Large mineralised system with high quality drill targets defined For personal use only • Typical CRA intersections Interpreted 10 to 15 metres thick : Growth Fault Zn - 0.5 to 1.0% Cu – 500 to 1000ppm Ag - 5 to 15g/t • Significant g mass anomalies identified • 3D modelling indicates t
Slide 17: Aggressive Forward Program…
Aggressive Forward Program… For personal use only Uranium Base Metals Track record as an aggressive and Quality base metals projects in WA successful explorer Proterozoic basins 9 Hillview resource - June 08 9 Tchintaby Well drilling - Aug 08 9 Yeneena - re-analysis, airborne 9 Yeneena - progressing
Slide 18: Uranium and Base Metals in WA
ASX : ENR For personal use only AMEC Congress 23 May 2008 Uranium and Base Metals in WA y Diversity Commodity y – Geographic g p Focus 18