Slide 1: Mining 2007 Conference
ASX : ENR For personal use only Mining 2007 Conference Brisbane, Australia 1 November 2007 1
Slide 2: Project Portfolio
Project Portfolio For personal use only Calcrete Uranium Yilgarn / Gascoyne Base Metals / Unconformity Uranium Bangemall Basin Paterson Province 2
Slide 3: Corporate Information
Corporate Information For personal use only Founded: June 2004 ASX Listing: March 2006 Issued Capital: 69m Ordinary Shares 0.45m Employee Options Market Cap: $34m @$0.50/share Cash: $6.3m 3
Slide 4: People
People For personal use only Mr. Paul Chapman (Chairman) Mr. Will Robinson (Managing Director) Mr. Peter Bewick (Exploration Director) Dr. Jon Hronsky (Non-Executive Director) Mr. Kevin Hart (Company Secretary) Experienced team of former WMC / BHP Billiton executives 4
Slide 5: Highlights
Highlights For personal use only Calcrete Uranium Hillview Drilling confirms large scale potential Yeelirrie Channel/Lake Way Three satellite discoveries McPherson’s Bore At surface greenfields discovery Base Metals / Unconformity Uranium Bangemall Basin High quality drill targets established Paters
Slide 6: Project Portfolio: Calcrete Uranium
Project Portfolio For personal use only Calcrete Uranium Target - 20 million pounds (10kt) at +300ppm U3O8 Satellite discoveries around Yeelirrie/Lake Way Large scale potential at Hillview All projects Encounter 80% / Avoca 20%, except Lake Way 60% / 40% 6
Slide 7: Yeelirrie / Lake Way Uranium Province
Yeelirrie / Lake Way Uranium Province For personal use only • Advanced projects • Near surface deposits • Infrastructure proximity • Future production region Basin Margin The Australian 12 July 2007 7
Slide 8: Satellite Discoveries in Yeelirrie / Lake Way Uranium Province
Calcrete Uranium For personal use only Satellite Discoveries in Yeelirrie / Lake Way Uranium Province 1. Bellah Bore East 2 • Yeelirrie satellite discovery 1 • Close to infrastructure 3 • Size - 500 x 200 metres • Grades - 100 to 2111ppm U3O8 2. Lake Way Satellite • New area of mineralisation Basin
Slide 9: Hillview Project
Hillview Project For personal use only Potential to host a large near surface uranium deposit • Coherent uranium mineralisation • Intersections include: – 10m @ 209ppm from surface incl. 6m @ 270ppm U3O8 – 4m @ 287ppm from 6m incl. 3m at km 324ppm U3O8 15 • 15km long anomaly, only a small part teste
Slide 10: Hillview Project
Hillview Project For personal use only Potential to host a large near surface uranium deposit 10m 1km 10
Slide 11: McPherson's Bore Project
McPherson’s Bore Project For personal use only …at surface uranium discovery • Surface mineralisation extends over 1.7km at >200ppm U3O8 • Remains open to the north • Potential significant leakage anomaly 11
Slide 12: Project Portfolio: Base Metals / Unconformity Uranium
Project Portfolio For personal use only Base Metals / Unconformity Uranium Targeting proterozoic basins for uranium and base metals Tchintaby Well - Large scale drill targets established Paterson Province - Earn in with Barrick Gold All projects Encounter 80% / Avoca 20%, except Lake Way 60% / 40% 1
Slide 13: Tchintaby Well
Tchintaby Well For personal use only Large mineralised system with high quality drill targets defined • Area explored by CRA in 1990s • Large mineralised area 8x5km at over 0.5% Zn & 800ppm Cu • Gravity modelling has defined significant gravity anomaly 13
Slide 14: Paterson Province – Yeneena JV
Paterson Province – Yeneena JV For personal use only World class mineral province for base metals and unconformity uranium • 1500 km2 in under-explored Proterozoic belt • Key structural position in world class mineral belt • Basin margin replicates the geological setting that hosts the Kintyre urani
Slide 15: Continued Company Growth
Continued Company Growth For personal use only Calcrete Uranium Advance Project Drill Advanced Build U3O8 Pipeline Targets Inventory Yilgarn Calcretes Stone Tank Hillview McPherson’s Bore Yeelirrie Channel Lake Way Base Metals / Unconformity Uranium Tchintaby – High quality drill targets for 2008 pr
Slide 16: Upcoming Programs
Upcoming Programs For personal use only Calcrete Uranium Hillview: Drilling to expand footprint and JORC Resource Yeelirrie/Lake Way JORC Resource statement McPherson’s Bore Trenching and follow up drilling Stone Tank / Yalgar Awaiting assay results from first pass drill program Base Metals / Unconf
Slide 17: Mining 2007 Conference
ASX : ENR For personal use only Mining 2007 Conference Brisbane, Australia 1 November 2007 17