Slide 1: Australian Uranium Conference
For personal use only ASX : ENR Australian Uranium Conference Fremantle, Western Australia Fremantle 22-23 July 2009 1
Slide 2: Summary
Summary 9 Uranium, For personal use only Uranium Copper and Gold 9 10 million lbs U3O8 Inferred Resource discovered at Hillview 9 Change of WA policy for uranium mining – a big step forward 9 Major M j lland dhholder ld iin th the P Paterson t P Province i th thatt h hosts t th the Ki Kintyre t uran
Slide 3: People
People For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart - Company Secretary Experienced team of former WMC / BHP Billiton executives 3
Slide 4: Project Portfolio
Project Portfolio For personal use only 1 PATERSON PROVINCE 1. High quality uranium and copper targets close to Kintyre and Nifty 2. YILGARN URANIUM Inferred resource of 10.6 million lbs U3O8 at Hillview plus Yeelirrie/Lake W satellites Way t llit 3. BANGEMALL BASIN SEDEX ‘Century Century style styl
Slide 5: Unconformity Uranium Districts
Unconformity Uranium Districts For personal use only 300,000 Athabasca Basin Alligator River Region Paterson Province esources (Canada) (NT) (WA) ned Reserves & Re 200,000 Discovery 1947 Discovery 1949 Discovery 1985 U3O8 tonnes Pre Min 100,000 ? - t le ke Ko uka um lek ke er e n e a ke r ke es ge c
Slide 6: Paterson Province - Schematic Section
Paterson Province - Schematic Section For personal use only Nifty y Copper pp West Broadhurst Formation East Coolbro Sandstone Erosional level at Kintyre Rudall Metamorphics Kintyre y Uranium
Slide 7: Paterson Province
Paterson Province For personal use only • 1500 km2 in under-explored, highly endowed mineral belt • Structures that host Nifty and Kintyre extend through the project • High quality uranium and copper targets g identified JV with Barrick Gold, ENR earning 75% interest 7
Slide 8: Paterson Province
Paterson Province 95% For personal use only • Immature exploration field • Extensive sand cover • No systematic uranium exploration 5% • Under-explored copper potential 8
Slide 9: Paterson Province
Paterson Province For personal use only • New datasets acquired: • Airborne EM survey (2008) • Multi-element re-analysis from 18,000m of historical drilling (2008) • Eight regional scale exploration targets generated Yeneena JV Interpreted Geology and Targets 9
Slide 10: T3 Target (Paterson Province)
T3 Target (Paterson Province) For personal use only • Coincident late time EM conductor, magnetic and uranium channel radiometric anomaly • Outcropping Coolbro Sandstone to the west and east of the target 10
Slide 11: BM1 Target (Paterson Province)
BM1 Target (Paterson Province) For personal use only • Located on a NNE trending splay structure to the McKay Fault • Coincident magnetic and AEM anomaly • Aircore drill program completed in June 2009 Yeneena JV Interpreted Geology and Targets 11
Slide 12: BM1 Target (Paterson Province)
BM1 Target (Paterson Province) For personal use only • Strong copper regolith anomaly (up to 2m @ 0.89% Cu) directly up dip of a discrete late time EM conductor d t • Copper regolith anomaly is open and strengthening g g to the south • Scale and nature of the anomalism indicates the potential f a ma
Slide 13: BM1 Target (Paterson Province)
BM1 Target (Paterson Province) For personal use only 13
Slide 14: Paterson Project Summary
Paterson Project Summary For personal use only • Stratigraphy St ti h andd key k structures t t that th t host h t the th Nift Nifty copper and d Kintyre uranium deposits extend through the Yeneena project • Extensive E t i sand d cover and d minimal i i l modern d exploration l ti • New geophysical
Slide 15: Project Portfolio
Project Portfolio For personal use only 1 PATERSON PROVINCE 1. High quality uranium and copper targets close to Kintyre and Nifty 2. YILGARN URANIUM Inferred resource of 10.6 million lbs U3O8 at Hillview plus Y li i /L k Way Yeelirrie/Lake W satellites t llit 3. BANGEMALL BASIN SEDEX ‘C ‘Century t s
Slide 16: Yilgarn Uranium
Yilgarn Uranium A future production centre for uranium – ENR well positioned For personal use only 16
Slide 17: Hillview Project
Hillview Project Large g scale calcrete hosted uranium deposit p For personal use only • JORC Inferred Resource of 27.6 million tonnes, averaging 174ppm U3O8 (100ppm cut off) for a contained content of 10.6 million lbs U3O8 * • Entire resource within 15 metres of surface • Consistent body of mineral
Slide 18: Corporate Information
Corporate Information For personal use only Issued Capital: 69m Ordinary Shares 3m Employee Options Market Cap: $13.7m @ $0.20/share Cash (30/6/09): $2.3m 18
Slide 19: The Drivers for Investment…
The Drivers for Investment… For personal use only 9 Largest exploration landholder in the region that hosts Kintyre uranium deposit & Nifty copper mine 9 10 million pound, near surface U3O8 Inferred Resource at Hillview 9 Experienced and dedicated team - demonstrated rapid project progression 9 Majo
Slide 20: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a For personal use only professional opinion only and is given in good faith faith. Certain information in this document has been deri