Asarian Energy Limited · TSX:ARN
Asarian Energy — Forsys Metals — Investor Presentation (November 2011)
31 slides from Asarian Energy's investor presentation, Nov 29, 2011
Slide 1: Forsys Metals Corp. Corporate Presentation
Forsys Metals Corp. Corporate Presentation November, 29 2011 TSX:FSY FSE: F2T NSX:FSY 1
Slide 2: Forward-looking Statements
Attractive Sector Forward-looking Dynamics Statements Some of the statements contained in the following material are forward looking statements and not statement of facts. Such statements are based on the current beliefs of management, as well as assumptions based on management information currently
Slide 3: Advanced Uranium Explorer and Project Developer
Attractive Sector Forsys Metals Dynamics Corp. Advanced Uranium Explorer Namibia and Project Developer 3
Slide 4: Forsys Investment Highlights
Attractive Sector Dynamics Forsys Investment Highlights 1. Advanced stage explorer with world class assets under development in Namibia, Africa 2. Capability to capitalize on attractive mid and long-term uranium sector dynamics 3. Focused on enhancing the wholly owned Valencia Uranium Project 4. Nam
Slide 5: Namibia – A proven uranium mining jurisdiction
Attractive Namibia – Sector Dynamics A proven uranium mining jurisdiction Areva Namibplaas Project Valencia Uranium Mine Rio Tinto Paladin 5
Slide 6: Mining in Namibia
Attractive Sector Dynamics Mining in Namibia Has a stable political and business environment, multi-party democracy with a population of 2.1m people Mining accounts for 15.8% of Namibia’s GDP and 61% of merchandise exports Mineral commodities include uranium, gold, diamonds, zinc, copper and l
Slide 7: What sets Valencia apart?
Attractive What sets Sector Dynamics Valencia apart ? One of only two fully permitted development stage uranium mines in Namibia A 25 year mining license with all EIA/EMP approvals in place Strong project economics – NPV of $429m and $273m pre and post tax respectively* Large and growing res
Slide 8: Large compliant resource and reserve base
Attractive Sectorresource Large compliant Dynamicsand reserve base Summary of Valencia Uranium Mineral Resources and Reserves Ore Grade U3O8 U3O8 Metal Category (MMt) (ppm) (MMlbs) Resources at U3O8 Cut-Off 60ppm Measured 21.0 161 7.4 Indicated 219.6 144 69.8 Total Measured and Indicated Resources 2
Slide 9: Fully permitted project ready to launch development
Attractive Sector Fully permitted Dynamics project ready to launch development Valencia Permit Summary Permit Issued By Environmental Clearance —Valencia Village Ministry of Environment and Tourism Accessory Works Ministry of Mines and Energy Mining Licence (ML149) Ministry of Mines and Energy
Slide 10: Valencia Infrastructure Update
Attractive Sector Dynamics Valencia Infrastructure Update Water Supply Namibian Government announced commitment to develop second seawater desalination project. The National Desalination Task Force confirmed additional water availability by 2014 approximating 20m cubic litre capacity per annum. Po
Slide 11: Valencia Uranium Deposit
Attractive Sector Dynamics Valencia Uranium Deposit Open pit design with low strip ratio 11
Slide 12: A future world class asset
A future world class asset Top 10 Global Uranium Producers (Valencia base case before optimization & Namibplaas potential) Tonnes U3O8 7,339.0 4,444.0 3,520.0 3,004.0 2,955.0 2,272.0 1,808.0 1,769.0 1,447.0 1,435.0 McArthur River Ranger Rössing Krazbokamensk Olympic Dam Tortkuduk Arlit Valencia Rabb
Slide 13: Namibplaas Uranium Project – 100% Owned
Attractive Namibplaas Sector Dynamics Uranium Project – 100% Owned Drilling commenced in July 2010 and maiden compliant NI 43-101 report released in 2011 Completed 33 diamond drill holes (8,527 metres) and 271 percussion drill holes (59,311 metres) in phase one and 40,000 metres phase two progra
Slide 14: Namibplaas Resource Summary
Attractive Namibplaas Sector Dynamics Resource Summary Namibplaas Uranium Project Strike length drilled 1,700 m Down dip extension 250 m Inferred Resources* Cut off ppm Tonnes Mt Grade ppm M lbs eU3O8 80 169 110 41 100 88 130 25 120 43 152 14 Long-term strategy to consolidate ore with Valencia * Pre
Slide 15: Namibplaas Phase Two Drilling Program
Attractive Namibplaas Sector PhaseDynamics Two Drilling Program Phase two drilling program commenced in October 2011. Projected to release an updated NI 43-101 Technical Report by early in third quarter 2012 Includes 40,000 metres of percussion drilling for a total of approximately 200 holes (Ph
Slide 16: Consolidated Valencia & Namibplaas Profile
Attractive Sector Consolidated Dynamics Valencia & Namibplaas Profile Development to expand U3O8 metal to 85 M lb’s with a low level of incremental Capex (from $350 million to $410 million) to increase plant output and achieve improved economics Valencia expansion potential from drilling indicat
Slide 17: Why nuclear power?
Attractive Why nuclearSector Dynamics power? World energy demands are rapidly growing – especially in developing countries Improved nuclear economics – power plants more advanced with greatly improved safety and shorter development timeframes Necessary contributor to security of energy supply
Slide 18: Global Uranium Supply/Demand
Attractive Attractive Sector Sector Dynamics Dynamics Global Uranium Supply/ Demand Demand exceeds supply: 75,000 350,000 • Annual demand is 180 M lbs 50,000 300,000 • Current production supply is 140 25,000 250,000 M lbs • The gap largely filled by 0 200,000 secondary sources including -25,000 15
Slide 19: New and Planned Reactors Fuelling Uranium Demand
Attractive Sector New and Planned Dynamics Reactors Fuelling Uranium’s Demand New Nuclear Reactors – Top 8 Countries China 432 reactors are in operation Russia world-wide India 521 new reactors (350 USA Under Construction proposed, 152 planned, 63 Ukraine under construction) Japan Planned UAE
Slide 20: Future Uranium Production
Attractive SectorProduction Future Uranium Dynamics Must increase sharply to cover rising demand and diminishing secondary supplies in the second half of this decade Recent trend has been for increased dominance by small number of major producing companies and countries Africa and Kazakhstan t
Slide 21: Strategic Objectives
Attractive Sector Dynamics Strategic Objectives Objective Outcome Completion of acquisition of remaining Unfettered control of the consolidation with 2011 30% of Namibplaas Uranium Project Valencia Completion of Valencia Heap Leaching Improved recoveries, lower Opex / Capex Optimization proc
Slide 22: Management Team
Attractive Management Sector teamDynamics Mr. Hilmer has over 25 years of management experience with global public and private organizations, Marcel Hilmer specifically with international mergers and acquisitions in Africa, Europe, Asia and Australia. A long standing CEO & Director member of the Ins
Slide 23: Directors
Attractive Directors Sector Dynamics Mr. Rowley graduated from the University of Western Australia with a Bachelor of Commerce degree in 1975. Martin R. Rowley After starting his career working as an accountant in both Australia and England, he worked as executive Independent Director & assistant to
Slide 24: Capital Structure
Attractive Sector Dynamics Capital Structure Cash: (November, 2011) $15 M Shares Outstanding: 96.9 M Options: 1.2 M Warrants: Nil Fully Diluted: 98.1 M Share Price” (Nov 28, 2011) $0.61 52-week range: $0.50 - $3.50 Market Capitalization: $59.1 M TSX: FSY Frankfurt:F2T NSX: FSY 24
Slide 25: Forsys Investment Summary
Attractive Sector Dynamics Forsys investment summary 1. Advanced stage explorer with world class assets under development in Namibia, Africa 2. Capability to capitalize on attractive mid and long-term uranium sector dynamics 3. Focused on enhancing the wholly owned Valencia Uranium Project 4. Namibp
Slide 26: Contact Information
Attractive Sector Dynamics Contact Information Investor Relations: Nisha Hasan TMX Equicom 416-815-0700 ext. 258 Email: nhasan@equicomgroup.com Corporate Office Forsys Metals Corp. 20 Adelaide Street East Suite 902 Toronto, Ontario Canada M5C 1T6 Telephone: 416-367-4242 Fax: 416-367-0598 Email: info
Slide 27: Appendix
Forsys Metals Corp. Appendix 27
Slide 28: Other assets – Ondundu Gold Project
Attractive Sector Other assets Dynamics - Ondundu Gold Project Located in the Erongo Region, Namibia 100% owned – option agreement with Angus Mining Namibia Open pittable shallow dipping stratiform deposit Historical non compliant 43-101 resource of approximately 500 k oz of gold (4.5 MMt at
Slide 29: Forsys company history
Attractive Sector history Forsys company Dynamics 2004 • September – Forsys obtain listing on the TSX Venture Exchange 2006 • October – Forsys commences trading on the Toronto Stock Exchange • May – Forsys completes prefeasibility project on Valencia Uranium Deposit • July – NI 43-101 compliant tech
Slide 30: Valencia – Infrastructure Map
Attractive Valencia – Sector Dynamics Infrastructure Map 30
Slide 31: Valencia – Flowsheet
Attractive Valencia – Sector Dynamics Flowsheet SAG MILL 31
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