Slide 1: Enterprise Uranium Limited
Enterprise Uranium Limited 29ppm U 50ppm U 250ppm U Up to 418ppm U “The energy derived from 1 pound of Uranium is equivalent to 20,000 pounds of Coal”
Slide 2: Disclaimer
Enterprise Uranium Limited Disclaimer This document has been prepared by Enterprise Uranium Ltd (“ENU” or “the Company”) to provide an update on the Company’s Uranium Projects to investors and potential new shareholders. This presentation should be read in conjunction with other public announcements
Slide 3: Corporate Strategy
Enterprise Uranium Limited Corporate Strategy “to create shareholder wealth through the discovery & development of Tier 1 uranium deposits….” Through: • Identify new uranium provinces from first principles; • Gain first mover advantage by aggressive pegging of land; • Implement leading edge explorat
Slide 4: A Compelling Investment
Enterprise Uranium Limited A Compelling Investment First-Class Assets •Five 100% owned uranium projects with Tier 1 uranium discovery potential located in Western Australia. •Projects selected over significant radiometric anomalies following recent WA Government radiometric surveys - first mover adv
Slide 5: World Demand Increasing
World Demand Increasing World Class Uranium Assets in Western Australia Uranium demand increase from 170 to 536 – 661 million lb/pa by 2050 24 to 32 new nuclear reactors each year 2014 – 2050 960 to 1280 new reactors
Slide 6: World Demand Increasing
World Demand Increasing Source: UraniumOne Inc
Slide 7: Yellow Gold Uranium Oversold
“Yellow Gold” Uranium Oversold • Currently a golden time to invest into the uranium sector • U₃O₈ faces a supply deficit and prices must rise • This window will not be open too long for investors • Uranium Contract Price are currently well above spot prices • Security of supply is so important that
Slide 8: Uranium Market Outlook
Uranium Market Outlook U₃O₈ faces a supply deficit and prices must rise • U₃O₈ supply of 84,000t in 2010 met by mine production (78%), secondary sources and inventory (22%). Secondary supply will fall by ~8,800t (10% of total supply), after the Megatons-to-Megawatts program ends in 2013. • The decli
Slide 9: Global Consumers
Global Consumers Top Ten Uranium Consumers • Top 10 countries constitute 85% of demand • 2011 saw demand fall in Japan & Germany due to Fukushima. CRU Analysis, WNA
Slide 10: Global Resources
Global Resources Australia could lead world uranium exports Australia has around 40% of the world’s uranium resources that are recoverable at reasonable cost. But currently supplies less than World Class Uranium Assets in 20% of the uranium the world needs. Western Australia Therefore, there is plen
Slide 11: Sand Hosted Uranium Model
Sand Hosted Uranium Model Palaeochannel 0 Colluvium/alluvium; sand clay and silt Clay 50 Carbonaceous Matter Sand Weathered Granite +/- Uranium 100 Uranium Mineralisation Granitic Basement 200m Calcrete shows at surface but not the more prospective sand hosted Uranium.
Slide 12: Upcoming IPO
Upcoming IPO • Enterprise Metals Limited has approved a demerger of its Uranium Assets in Australia and now proposes a contemporaneous new equity issue and a listing of Enterprise Uranium Limited’s securities on the ASX Limited. • The Company is now looking for cornerstone support for up to $2.0 mil
Slide 13: Experienced Board
Experienced Board ENU will boast an experienced Board & senior management team with extensive operating and exploration experience Director Biography Ms Anna Mao CEO and Director of Worldtex Capital Resources Limited – capital and investment Non-Executive Chairperson company focussing on industry me
Slide 14: Uranium Projects Overview
Uranium Projects Overview Byro • Calcrete and Sand hosted Uranium • 5 tenements covering 1,943km2 Yalgoo • Calcrete and Sand hosted Uranium and Vei n Gold • 15 tenements covering 1,291km2 Peranbye • Calcrete and Sand hosted Uranium and Pla ya Lake Gypsum • 7 tenements covering 1,443km2 Ponton • Sand
Slide 15: Byro Uranium Project
Byro Uranium Project Location • 250km northeast of Geraldton & 600km north of Perth • Covers the Murchison River valley and underlying ancient palaeo-valley Unexplored Until Recently • Airborne Magnetics / Radiometrics flown by WA Government in 2008 Enterprise Exploration • High Resolution airborne
Slide 16: Byro Uranium Project
Byro Uranium Project Uranium Source • Radioactive Hot Granites up river to north and east • Major long lived river with large catchment area • River valley predominantly dry Economic Models • Uranium deposition in Sand/Sandstone • Uranium deposition in Calcrete Highly Prospective • AEM survey define
Slide 17: Byro Uranium Project
Byro Uranium Project “Inland Delta” < Google Earth < Late Channel AEM over DTM
Slide 18: Yalgoo Uranium Project
Yalgoo Uranium Project Location • 400km north of Perth • Covers the Salt River valley and underlying ancient palaeo-valley Unexplored Until Recently • Enterprise completed a High Resolution airborne mag/rad survey in 2010 New uranium province defined by Enterprise
Slide 19: Yalgoo Uranium Project
Yalgoo Uranium Project Large Land Holding • >120 km of prospective ground • 1,443 km2 of tenements Uranium Source • Radioactive hot Archaean granites Muggaburna Transport • Major long lived river system with large catchment area Economic Models • Uranium deposition in Sand/ Sandstone • Uranium depos
Slide 20: Yalgoo Uranium Project
Yalgoo Uranium Project Uranium Channel Radiometric Image with Rockchip Locations • Drilling results encouraging • 9 holes yielding grade x thickness values over 200ppm*metres eU₃O₈ • YGAC083 1.88m at 462ppm eU₃O ₈ from 1.26m • YGAC084 2.16m at 457ppm eU₃O ₈ from 1.17m
Slide 21: Peranbye Uranium Project
Peranbye Uranium Project Location • 300km north of Perth • Covers the Moore River valley and underlying ancient palaeo-valley Unexplored Until Recently • Airborne Magnetics / Radiometrics flown by WA Government in 2012 • Enterprise AEM survey in 2012 defined palaeochannel targets Drilling planned to
Slide 22: Peranbye Uranium Project
Peranbye Uranium Project Uranium Source • Radioactive hot Archaean granites High Clip Uranium(Red) over DTM Transport • Major river system with large catchment Economic Models • Uranium in Sand/Sandstone and/ or Calcrete Highly Prospective • Surficial grab samples with up to 846 ppm Uranium • AEM su
Slide 23: Peranbye Uranium Project
Peranbye Uranium Project Deeper parts of channels where uranium mineralisation is expected to occur are generally below maximum surface uranium concentration from airborne radiometrics High Clip Uranium(red) over DTM Conductivity Depth Image
Slide 24: Ponton Uranium Project
Ponton Uranium Project Location • 130km east of Kalgoorlie • Covers dry Lake Rebecca, Lake Yindada and underlying ancient palaeo-valleys Unexplored • Airborne Magnetics / Radiometrics flown by WA Government • Enterprise AEM survey in 2012 defined palaeochannel targets Drilling planned to test target
Slide 25: Ponton Uranium Project
Ponton Uranium Project Uranium Source • Radioactive hot Archaean granites Transport • Major long lived river system with huge catchment Economic Models • Uranium deposition in Sand/Sandstone Highly Prospective – Known Uranium Province • Mulga Rocks Deposit (Energy & Minerals Australia) • Double 8 De
Slide 26: Ponton Uranium Project
Ponton Uranium Project Late Time AEM Channel over DTM
Slide 27: Harris Lake Uranium Project
Harris Lake Uranium Project Location • 200km east of Kalgoorlie • Overlies contact between the Yilgarn Craton and the Albany Fraser Range origin Unexplored • Enterprise High Resolution airborne mag/ rad survey in 2011 • Enterprise Airborne EM (AEM) survey in 2012 • Palaeochannel targets defined by A
Slide 28: Harris Lake Uranium Project
Harris Lake Uranium Project Uranium Source DTM and Late Time AEM Channel • Radioactive hot Archaean granites Transport • Major long lived river system with huge catchment Economic Model • Uranium deposition in Sand/ Sandstone Known Uranium Province • Mulga Rocks Deposit • Double 8 Deposit • Historic
Slide 29: Harris Lake Uranium Project
Harris Lake Uranium Project Conductivity Depth Images
Slide 30: Anticipated IPO Structure
Anticipated IPO Structure • Enterprise Metals shareholders receiving in-specie distribution of 42.6 million shares, and have a priority pro-rata offer in the IPO. • ENU is seeking to raise up to $6.1 million through the offer of up to 30.5 million shares at an issue price of 20¢ per share. • Enterpr
Slide 31: Anticipated IPO Structure
Anticipated IPO Structure Description Shares Price Ownership Equity Valuation at IPO Existing ENT Shareholders* 42,644,155 $0.20 58.3% $8,528,831 SinoTech (Hong Kong) Corp Ltd 14,400,000 Mr Dermot Ryan 2,400,000 Worldtex Capital Resources Ltd 1,300,000 Cornerstone Investor(s) 10,000,000 $0.20
Slide 32: Indicative Timetable
Indicative Timetable Indicative Timetable 2012 • General meeting date 15 October • Record date for capital reduction 23 October • Capital reduction by distribution in-specie of ENU shares 30 October • Dispatch prospectus 31 October • Pro rata offer opens • Pro rata offer closes 14 November • Prospec
Slide 33: Investment Highlights
Enterprise Uranium Limited Investment Highlights • 5 projects, all 100% owned by Enterprise, covering 6,000km2 in highly prospective terrain, with potential for Tier 1 uranium resources (+50,000t U3O8). • Fund raising to drill test identified uranium targets, based on quality geoscientific models an