Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Peninsula Minerals — Shareholder Meeting (May 2007)
22 slides from Peninsula Energy's shareholder meeting presentation, May 21, 2007
Slide 1: Presentation to Shareholders - Extraordinary General Meeting
Slide 2: Disclaimer
. Peninsula Minefalse DISCLAIMER This presentation is provided on the basis that Peninsula Minerals Limited (the “Company”) nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and noth
Slide 3: Company Overview
. Peninsula Minefalse COMPANY OVERVIEW = Large and Expanding Uranium Portfolio = Acquiring Uranium exploration assets in Wyoming, USA and Australia = 6 Prospecting Rights Granted — Karoo Region, South Africa . ranzanian assets expanding — Lupa Goldfield producing encouraging results * Significant ca
Slide 4: Location of Uranium Portfolio
Peninsula LOCATION OF URANIUM PORTFOLIO Minerals Project roo Project Sauth & stem Australian Projects
Slide 5: Newly Acquired Uranium Projects - USA: Sundance Project, Wyoming
Peninsula Minerals NEWLY ACQUIRED URANIUM PROJECTS - USA SUNDANCE PROJECT — WYOMING, USA Wyoming has a strong mining culture and is host to several past and presently operating uranium mines (Cameco, Rio Tinto and Cogema) » Local infrastructure excellent with established expertise, transport, utilit
Slide 6: Sundance Project - Mineralisation
Peninsula Minerals NEWLY ACQUIRED URANIUM PROJECTS - USA SUNDANCE PROJECT - MINERALISATION « Project contains uranium bearing roll fronts with potential economic uranium grades — intersections of 3.8m @ 0. 243% eU308 and 3.5m @ 0.15% eU308 » Deposits acquired vary in thickness and dimension - larges
Slide 7: Sundance Project - Historical Data
. Peninsula Minefalse NEWLY ACQUIRED URANIUM PROJECTS ~ USA SUNDANCE PROJECT — HISTORICAL DATA Previous JV discovered several substantial zones of uranium mineralisation associated with an extensive system of roll-fronts More than 5,000 exploration and development holes drilled totalling 912,000 met
Slide 8: Uranium Projects in Wyoming
mn: NEWLY ACQUIRED URANIUM PROJECTS - USA Operating ISL Uranium Mines (SL Uranium Mines in Restoration Proposed ISL Uranium Mines Conventional Mined Reclamaton Projects Conventional Mine/Mil (on. standby) Propased Conventional Mine (SL Prospect MONTANA © ‘ “ | SUNDANCE PROJECT WYOMING / >not dy Path
Slide 9: Newly Acquired Uranium Projects - Australia: South Australian Projects
. Peninsula Minefalse NEWLY ACQUIRED URANIUM PROJECTS — AUSTRALIA SOUTH AUSTRALIAN PROJECTS = Olary Uranium Project (Peninsula 75%) - Two exploration licenses covering 1200km? - Highly prospective for hard rock and roll front uranium deposits - Located 35km from historic Radium Hill uranium mine and
Slide 10: World's End Uranium Project
. Peninsula Minefalse NEWLY ACQUIRED URANIUM PROJECTS - AUSTRALIA SOUTH AUSTRALIAN PROJECTS = World’s End Uranium Project (Peninsula 100%) - Contains uranium values up to 0.3% U308 - Rock chip samples returned strongly anomalous samples ranging from 0.02% U308 to 0.05% U308 - Significant uranium exp
Slide 11: West Australian Projects
. Peninsula Minefalse NEWLY ACQUIRED URANIUM PROJECTS - AUSTRALIA WEST AUSTRALIAN PROJECTS » 9 tenements selected using satellite imagery, airborne geophysical data and geology « Targeted areas along strike of known calcrete uranium deposits where shallow soil capable of masking surface radiometric
Slide 12: South African Uranium & Molybdenum Projects
. Peninsula Minefalse SOUTH AFRICAN URANIUM & MOLYBDENUM PROJECTS KAROO PROVINCE 6 Prospecting Rights Granted Peninsula 74% interest, strategic BEE JV partner 26% Exploration potential of the properties considered high by RSG Global Recently acquired data from historical drilling reports indicate Si
Slide 13: Location of Karoo Prospecting Rights
Peninsula Minerals LOCATION OF KAROO PROSPECTING RIGHTS ‘Secondary roa Astin (age regoralcenre
Slide 14: Tanzania - Gold Joint Venture, Lupa Goldfield Project
Peninsula Minerals TANZANIA — GOLD JOINT VENTURE LUPA GOLDFIELD PROJECT » JV with Zari Exploration Limited, with PEN earning up to 75% « Three prospecting licences cover area of 167km? » Historical exploration by JV partner have highlighted wide spread gold anomalism through a 5 x 2km area, which in
Slide 15: Rakiraki Gold Project - Fiji
. Peninsula Minefalse RAKIRAKI GOLD PROJECT - FiJl GEOPACIFIC JOINT VENTURE » PEN 50% JV participating interest « Geophysical Survey defined a number of structural goid target areas « Completion of seven Diamond Drill holes (DDHQ001-007) at the Qalau 4300 prospect, intersecting encouraging gold mine
Slide 16: South Australian Joint Ventures
SOUTH AUSTRALIAN JOINT VENTURES « Toro Energy Ltd Uranium JV » Luzenac Australia Pty Ltd JV (100% subsidiary of Rio Tinto)
Slide 17: Toro Energy JV - South Australia
. Peninsuid Minefalse TORO ENERGY JV —- SOUTH AUSTRALIA URANIUM ACCESS AGREEMENT * Toro can earn up to 70% by spending A$1 million within 48 months » Opportunity for Peninsula to participate in future uranium discoveries » Gawler Craton one of the worlds most prospective uranium regions = Recently c
Slide 18: Luzenac Talc JV - South Australia
. Peninsula Minefalse LUZENAC TALC JV —- SOUTH AUSTRALIA TUMBY BAY TALC DEPOSIT « Option, Farm-in and Joint Venture Agreement with Luzenac Australia Pty Ltd, a wholly owned subsidiary of Rio Tinto Limited » Luzenac the world’s leading talc producer « Luzenac can earn up to 70% by spending A$1 millio
Slide 19: Corporate Overview
. Peninsula Minefalse CORPORATE OVERVIEW CASH AT BANK - $4.2 million at 30 April 2007 CAPITAL STRUCTURE - 636,267,237 ordinary shares (Pre Acquisition) - 851,267,237 ordinary shares (Post Acquisition) - $76.6m market capitalisation post Acquisition (at 9 cents) BOARD / MANAGEMENT TEAM - Malcolm Jame
Slide 20: Entitlement Issue June 2007
. Peninsula Minefalse ENTITLEMENT ISSUE JUNE 2007 KEY TERMS 1:10 non-renounceable entitlement issue at an issue price of 6 cents woe attaching option exercisable at 10 cents, expiring 30 June To raise approximately A$5m to further exploration of Peninsula’s uranium assets Underwriting Agreement with
Slide 21: Summary
. Peninsula Minefalse SUMMARY « Well built portfolio of projects including expanded uranium portfolio « Projects located in highly prospective regions « Significant cash reserves to accelerate development of key projects « Quality joint venture partners « Strong corporate and technical management te
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