Mega Uranium Ltd. · TSX:MGA
Mega Uranium — Investor Presentation (March 2009)
19 slides from Mega Uranium's investor presentation, March 2009
Slide 1: Mega Uranium Ltd: Advancing to Uranium Production in 2011
MEGA URANIUM LTD ADVANCING TO URANIUM PRODUCTION IN 2011 March 2009
Slide 2: Cautionary Note: Forward-Looking Information
CAUTIONARY NOTE The Uranium Leader FORWARD-LOOKING INFORMATION This presentation contains disclosure that constitutes “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements in the presentation, other than statements of historical fact, may be “
Slide 3: 43-101 Notes
The Uranium 43-101 NOTES Leader • Mineral resources are not mineral reserves and do not have demonstrated economic viability. Mineral resources may never be converted into reserves. Furthermore, inferred resources are considered too speculative geologically to have the economic considerations applie
Slide 4: Company Summary
The Uranium COMPANY SUMMARY Leader • Listed on the Toronto Stock Exchange (TSX-MGA) • 187.8 million shares outstanding • 214.1 million shares fullyy diluted • Cash + marketable securities ~ $C41 million • Market capitalisation (4.3.09) ~ $C187 million 4
Slide 5: Senior Management
The Uranium SENIOR MANAGEMENT Leader – Sheldon Inwentash, Inwentash Chairman & CEO – Stewart Taylor, President – Richard Patricio, Vice President, Corporate & Legal Affairs, and Secretary – Peter McNally, Vice President, Project Development – Dr. Michael Downes, Vice President, North America – Dr.Hu
Slide 6: Global Presence
The Uranium GLOBAL PRESENCE Leader CANADA CAMEROON MONGOLIA COLOMBIA BOLIVIA ARGENTINA AUSTRALIA 6
Slide 7: Australia
The Uranium AUSTRALIA Leader • Mega g holds,, or is earningg an interest in, ~20,000 km2 of ground in Queensland, South Australia, Northern Territory and Western Australia • The ground contains a total of 47.1 Mlbs U3O8, comprising Lake M itl d (23 Maitland (23.7Mlbs), 7Mlb ) BBen Lomond (10.7Mlbs),
Slide 8: Australian Resources
AUSTRALIAN RESOURCES The Uranium Leader Total 47.1 Mlbs U3O8 Resource Location Mlbs U3O8 %U3O8 %Mo BEN LOMOND Queensland 10.7 0.25 0.15 NI43-101 compliant U3O8 Resource; Not 43-101 Indicated (7.9Mlbs) (7 9Mlbs) + Inferred (2.8Mlbs) (2 8Mlbs) compliant MAUREEN Queensland 6.3 0.09 0.06 NI43-101 compli
Slide 9: Lake Maitland
The Uranium LAKE MAITLAND Leader • WA government takes pro-uranium stance in Nov. 2008 • Lake Maitland is the most advanced projects in WA • Robust scoping study completed (low capital and low operating cost) • Strong Japanese industry partner secured (35% interest in deposit) • Fast-tracking F ki p
Slide 10: Lake Maitland - Location
The Uranium LAKE MAITLAND - LOCATION Leader •Near existing mines with access to infrastructure. •Land is flat, uninhabited countryy with no significant environmental or Native title issues 10
Slide 11: Lake Maitland Resource
The Uranium LAKE MAITLAND RESOURCE Leader • Resource includes higher-grade core of 10.5 Mlbs U3O8 at 860 ppm within global resource of 23.7 Mlbs U3O8 at 330 ppm • Recently completed drilling is being incorporated in a new 43-101 resource statement with the goal of upgrading material to the indicated
Slide 12: Lake Maitland - Mining
LAKE MAITLAND – MINING The Uranium Leader • Near surface resource (1 (1-2m 2m depth) • Occurs in a single layer, averaging 1.7m thick • Conducive to low cost open cut mining; soft orebody, minimal drilling/blasting • Higher-grade core of body planned to be mined first supporting faster payback 12
Slide 13: Lake Maitland
The Uranium LAKE MAITLAND Leader • Production scheduled for late 2011 at a production capacity of 750 tonnes (1.65 million pounds U3O8) per year. • Scoping study confirms robust economics: - 10 year mine life - Alkaline leach (similar to Langer Heinrich) - Capital cost $US85.1 million - Operating co
Slide 14: Lake Maitland - JAURD-Itochu Deal
The Uranium LAKE MAITLAND - JAURD-ITOCHU DEAL Leader • Mega has entered into a MOU to sell 35% of its Lake Maitland project in Western Australia for $US49 million to Japan Australia Uranium Resources Development Co. Ltd (JAURD) and Itochu Corporation • JAURD/ITOCHU to also fund 35% of US$85.1m capit
Slide 15: Lake Maitland - Project Comparison
The Uranium LAKE MAITLAND – PROJECT COMPARISON Leader Res. Resource Ore Uranium Capital Operating Production cut-off Modelled Price ($ ($US/lb)) Cost ($ ($USM)) Cost ($ ($US/lb)) Mlbs/year y ENERGY METALS 500ppm 7.6Mt 1396 ppm 16.2 Mlbs 75 53 ? 1.3 Bigyrlyi, NT Aus. 23.4Mlbs U3O8 U3O8 LTD 150ppm 20.
Slide 16: Upcoming Milestones
The Uranium LAKE MAITLAND – UPCOMING MILESTONES Leader • Definitive Agreement with Japanese Partners • Resource Update • Grant of Mining Lease • Investments in Long-Lead Long Lead Time Capital Equipment • Ongoing Results From Prefeasibility Work 16
Slide 17: Other Priority Projects
The Uranium OTHER PRIORITY PROJECTS Leader • LOLODORF, KITONGO, CAMEROON – recent drill results 3.4m @ 0.10% U308 – Historical deposits of 40+MLbs • LAGUNA SALADA, ARGENTINA – trenchingg and shallow drillingg in the Laguna g Salada pprospect p in Chubut Province,, Argentina indicates potential for e
Slide 18: Why You Should Invest in Mega
The Uranium WHY YOU SHOULD INVEST IN MEGA Leader • Low o Cost Lake a e Maitland a t a d Project oject Advancing d a c g to Production oduct o in late 2011. • Uranium Expertise. • Quality Management and Projects. • International Diversification. Diversification • Record of Growth through Acquisitions
Slide 19: Contact Mega Uranium
The Uranium Contact Mega Uranium Leader Mega Uranium Ltd. The Exchange Tower 130 King Street West, Suite 2500 Toronto, Ontario Canada M5X 1A9 Phone: 416.643.7630 Fax: 416.941.1090 Investor Relations Richard Patricio, Vice President Legal & Corporate Affairs and Secretary ir@megauranium.com Australia