Ucore Rare Metals Inc. · TSXV:UCU
Ucore Rare Metals — Investor Presentation (April 2010)
28 slides from Ucore Rare Metals's investor presentation, Apr 19, 2010
Slide 1: UURAF - OTCBB UCU - TSXV
UURAF - 0TCBB UCU - TSXV
Slide 2: Heavy Rare Earth Exploration in Alaska
Heavy Rare Earth Exploration in Alaska ____________ ® 2.
Slide 3: Disclaimer
Disclaimer Cautionary Notes and Disclaimers This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and
Slide 4: Ucore Overview
1. Ucore Overview TSX-V:UCU / OTC:UURAF Three years of rapid growth: » Recent Market Cap - $40 Million+ » Shares Issued/Outstanding – 87M » Cash - $2Million+ Specializing in Rare Metals exploration: 2007 Merger – TSX-V:LML 100% Control of Bokan Mountain Operating in U.S. as rare earth On
Slide 5: Primer on Rare Earths
2. Primer on Rare Earths • Unique Group -17 Lanthanoids • The “Technology Metals” • Essential to green tech, hi tech, medical & military. • U.S. largest global consumer • Chinese monopoly & staged export withdrawal (5 year plan) • One of the hottest junior sectors 5.
Slide 6: Heavy vs Light REE's
3. Heavy vs Light REE’s 3.1 More Valuable. L I G H T - _________________________________________________ _________________________________________________ H E Terbium Oxide Military Apps: guided missiles, smart weapons $400 A Dysprosium Oxide Military Apps: lasers, high powered magnets $140 V Y * Ro
Slide 7: Heavy vs Light REE's (cont..)
Heavy vs Light REE’s (cont..) 3.2. More Scarce. HREO Content (as a percent of TREO): – Mt Weld (5%) IIIII – Dubbo (7%) IIIIII – Mountain Pass (9%) IIIIIIIII – Bear Lodge (10%) IIIIIIIIII – Thor Lake (20%) IIIIIIIIIIIIIIIIIIII – Bokan Mtn. (50%) IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII 7.
Slide 8: Bokan Advantages: World Class HREE Positioning
4. Bokan Advantages 4.1 World Class HREE Positioning • One of very few primarily HREE enriched deposits in the world with near term capability; Bokan • Among the highest known S.China HREE vs LREE skews (up to 95%) Piting a • Among the highest absolute HREE Near Term HREE Prospects grades on record
Slide 9: Unique Mineralized Signature
4.2 Unique Mineralized Signature Tb Dy $USD Source: A. Mariano Sept/09 Source: Kaiser Bottom Fish Sept/09 • Unusual HREE content. • Exceptional Values per Ton • Anomalous presence Hole 34 figures available via of the “strategic REE’s”: ucoreuranium.com & metalpages.com. Dysprosium (Dy) * Dy & Tb: Ch
Slide 10: Excellent Logistics
4.3 Excellent Logistics • Prior producing area • Significant infrastructure • Prior permitting intact • Near term production horizon • Ease of access Bokan Bokan Mountain Mountain • Protected resource area ● • No indigenous populations • Temperate climate • Deep water anchorage • Extensive prior roa
Slide 11: U.S. Location
4.4 U.S. Location • Fully secure mineral title & political domain • Significant historical resource: Bokan 374M lbs TREO @ 50%HREE* In situ value: $USD Billions *USGS; 1989; non 43-101 compliant Bear Lodge • Largest historically documented Mtn.Pass HREE deposit in U.S.(USGS/USBM); “Perfect Complemen
Slide 12: Bokan: a Critical Strategic U.S. Asset
4.5 Bokan: a Critical Strategic U.S. Asset • U.S. deeply dependent on HREE’s, particularly Tb & Dy, for military, national defense & homeland security applications. • Examples include: – Aircraft control – Guided missiles & smart bombs – Lasers, radar, sonar, mine detection – Computer technologies –
Slide 13: Competitive Positioning
5. Competitive Positioning Source: Pope & Co. 2009 15.
Slide 14: Competitive Positioning
5. Competitive Positioning _ _ _____ _____ ____ Source: Pope & Co. 2009 16.
Slide 15: Competitive Positioning
5. Competitive Positioning _____ _____ Source: Pope & Co. 2009 17.
Slide 16: Exploration Highlights (2007-09)
6. Exploration Highlights (2007-09) • 73 Drill Holes Completed: 86% Hit Rate • Highest documented HREE vs LREE skews in N. America: 95%+ HREO vs TREO* *Holes 32 & 65 • Among highest absolute HREE grades on record: 11%+ Absolute HREO* *Hole 32; 2.5m intercept • Exceptionally high Tb + Dy grades; (amo
Slide 17: Identification of REE Macro Trend: 2009
Identification of REE Macro Trend: 2009 ▪ Possibly one of the longest rare earth trends in the West. ▪ 6km+@ Kendrick Bay ▪ 50 km+@ Pr. of Wales Island, AK Insert drill location map 21.
Slide 18: Exploration Program (2010): Planning & Scoping
7. Exploration Program (2010) 7.1 Planning & Scoping • Data Compilation (Internal) • Preliminary Scoping Study: Mining methods & logistics (Collison & Associates) • Conceptual Resource Rare Earth One Bokan Dotson Ridge Estimate: Pre 43-101 © 02/24/2010 (Aurora Geosciences) 22.
Slide 19: Mapping & Imaging
7.2 Mapping & Imaging • Comprehensive suite of geological mapping (MapInfo TM) • 3D imaging of area topography & subsurface deposit (Geosoft TM) Rare Earth One Bokan Dotson Ridge © 02/24/2010 23.
Slide 20: Prior Drill Data, Ground Recon & Geophysics
7.3 Prior Drill Data, Ground Recon & Geophysics 24.
Slide 21: Drilling 2010
u N 7.4 Drilling 2010 uranium Z| SN RNS “eyi09-7 ~~ tyio9/72 LM09°50 LMo9-49 VG twos-73/ / (by09-70/"tMas-38 i 2 e37 109-56 -> v2 M08 -36 'LM09-55 /. tM09-57, re imo969 ae, d. LM09-68 + + Dotson Trend © Diamond Orit Hole — DOH Section Trace Pe Road EEA cote Active Claim ick 7 Cosstine @ oan West Arm
Slide 22: Key Deliverables 2010
7.5 Key Deliverables 2010 • Minimum 3000 m infill & exploratory drilling: – Dotson Trend (Southeast) – Sunday Trend (Northwest) • Full spectrum assays • Metallurgy & Mineral Characterization • Pre-Feasibility Scoping • Conceptual Resource Estimate • NI 43-101 Compliant Inferred Resource 26.
Slide 23: Summary
9. Summary • One of very few primarily HREE skewed deposits in the world; among highest known absolute HREE grades • Historical resource 374M lbs TREO (USBM OFR 33/89; non 43-101 compliant) ® • Largest historically documented HREE deposit in the U.S. (USGS/USBM) UCU – TSX.V • Unusually high Tb & Dy
Slide 24: Bonus Slides: The U.S. Heavy Rare Earth Crisis
Bonus Slides The U.S. Heavy Rare Earth Crisis
Slide 25: U.S. HREE Supply Crisis
1. U.S. HREE Supply Crisis • Critical to U.S. Military & High Tech viability • Threat of near-term full embargo by China (Dy+Tb) • Almost no alternative supplies globally (97% S. China supply) • Impending crisis; only one near term source in U.S. (Bokan) • Note: LREE supplies are far less threatened
Slide 26: U.S. Geopolitical Response
2. U.S. Geopolitical Response US D.O.D. – Senate Sub Committee on REE Procurement for Military & National Security Purposes (Report due April 2010) US D.O.E. – Senate Sub Committee on Energy & Natural Resources (CENR) Senator Murkowski (R-Alaska) USDOA /USGS/ USFS - Reserved Resource Area 2009
Slide 27: Bokan: The Leading Short Term Source
3. Bokan: The Leading Short Term Source __________________________________ __________________ ________________ 3.1 U.S. Location: "The United States is self-reliant in the lighter REE … however, deposits investigated at Bokan, in contrast to REE deposits elsewhere in the U.S., are enriched in the he
Slide 28: Bokan: The Leading Short Term Source (cont...)
3. Bokan: The Leading Short Term Source (cont…) __________________________________ _______________ _________________ 3.3 U.S. Defense Strategy: “Just as the $600 billion annual US defense budget is guided by strategic logic … so could a Bokan Mountain rare earth mine be operated to serve strategic n
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