Purepoint Uranium Group Inc. · TSXV:PTU
Purepoint Uranium — Investor Presentation (February 2019)
19 slides from Purepoint Uranium's investor presentation, February 2019
Slide 1: Partnered with two of the world's largest uranium producers
Partnered with two of the world’s largest uranium producers to explore the most prospective projects in the Athabasca Basin Corporate Presentation - Q1 2019 TSXV: PTU
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This presentation contains certain “forward-looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that Purepoint believes, expects or anticipates will or may occur in the future are forward
Slide 3: An Exceptional Outlook
An Exceptional Outlook Why Uranium? Why Purepoint? Now Tomorrow Now Tomorrow • We are at the • Industry efforts to • Hook Lake project in • Largest, most advanced acknowledged bottom eliminate excess the Athabasca Basin’s portfolio of 100%- of the uranium price inventory to result in Patterson Urani
Slide 4: The Pending Tipping Point
The Pending Tipping Point Once global inventories are reduced to adequate levels, new contracts will be signed - driving up long-term uranium prices Current LT price = approx. $32/lb. Marginal global cost of production = approx. $40/lb. Q1-2019 TSXV: PTU 4
Slide 5: Pending Price Correction
Pending Price Correction Unlike the Spot Price, the LT Price has maintained a steady level of $30-32.00 / lb U3O8 resulting from no significant contracts signed in over two years $45 Marginal Production Cost $40 LT Price Spot Price $35 $30 As the Spot Price approaches or crosses the LT Price, there
Slide 6: Athabasca Basin Portfolio
Athabasca Basin Portfolio Saskatchewan’s High-Grade deposits (ranging from 1% - 20%) result in the lowest cost, open pit and underground uranium mines in the world • 15.6 g/t Gold (U$1,200/oz) One uranium pellet • 1,215 g/t Silver (U$14/oz) Produces the Equivalent Power of: 1% U3O8 = • 10.78% Copper
Slide 7: Athabasca Basin Portfolio Projects
Athabasca Basin Portfolio 10 Projects All Active • Advanced stage exploration Dozen of drill targets well defined Low priority property all exited Assessment requirements current • Support and continued spending by two of the largest Uranium Producers in the world • Most speculative phase of i
Slide 8: Strategic/Financial Partnership
Strategic/Financial Partnership Hook Lake Project Ownership: • 21% Purepoint Uranium • 39.5% Cameco Corporation • 39.5% Orano Canada 2019 Hook Lake Drill Program Budget Cameco Corporation (39.5%) $1,185,000 Orano Canada Inc. (39.5%) 1,185,000 Purepoint Uranium Group Inc. (21%) 630,000 Total $3,000,0
Slide 9: Capital Structure
Capital Structure Fully funded to continue aggressive exploration programs in the Patterson Uranium District As of January 31, 2019 Market Capitalization 15,019,050 Share Price $0.09 52 Week Range: $0.10 - $0.055 Shares Outstanding 214,557,850 Options (@$0.08 weighted avg.) 18,180,000 Warrants (@$0.
Slide 10: Hook Lake Project
Hook Lake Project Neighbours and Topography • The Patterson Uranium District is a structural corridor situated on the SW edge of the Athabasca Basin, interpreted to extend at least 50 km • The Patterson Uranium District host Fission Uranium’s Triple R Deposit, NexGen’s Arrow deposit and Purepoint’s
Slide 11: Hook Lake Project
Hook Lake Project Neighbours and Topography Sabre Zone Purepoint Uranium Group Inc. • The Patterson Uranium District is a structural corridor situated on the SW edge of the Athabasca Basin, interpreted to extend at least 50 km • The Patterson Uranium District host Fission Uranium’s Triple R Deposit,
Slide 12: Patterson Lake Uranium District
Patterson Lake Uranium District 2019 Exploration Program • Two drills anticipate 6,600 metres of diamond drilling in approximately 17 holes • One drill has begun drilling at the Dragon zone and will move north along the primary shear with six holes • The second drill will test the Spitfire mineraliz
Slide 13: Patterson Lake Uranium District: Spitfire/Harpoon Deposit
Patterson Lake Uranium District Spitfire/Harpoon Deposit High-Grade Intersections Hole ID From (m) To (m) Width (m) U3O8 (wt %) HK15-27 389.0 391.8 2.8 2.23 includes 390.4 390.8 0.4 12.9 HK16-37 269.6 275.0 5.5 1.21 includes 269.6 270.2 0.6 9.87 HK16-43 244.05 247.6 3.1 4.07 includes 245.2 245.5 0.3
Slide 14: Spitfire/Harpoon Deposit – Inclined Longitudinal Section
Patterson Lake Uranium District Spitfire/Harpoon Deposit – Inclined Longitudinal Section Q1-2019 TSXV: PTU 14
Slide 15: Patterson Lake Uranium District: Dragon Zone
Patterson Lake Uranium District Dragon Zone • The Dragon shear zone is known to be approximately 200 metres wide and is composed of 3 to 4 separate graphitic shears dipping SE, and tested overt a strike length of 750 metres • As with the Spitfire discovery, the strong hydrothermal alteration is asso
Slide 16: Patterson Lake Uranium District: Derkson Corridor
Patterson Lake Uranium District Derkson Corridor • Derkson represents the third and most easterly band of graphitic conductors crossing through the Hook Lake Project • Diamond drill hole DER-04 was the earliest discovery of uranium mineralization in the area (SMDC 1978) • Despite the occurrence of m
Slide 17: Project Pipeline
Project Pipeline Size Ownership Stage of Purepoint Investment to Next Steps Held Until 10 Projects – All Active Project (hectares) Partners Completion Date 21% Follow Up March Hook Lake 28,598 Discovery $6,750,000 • Precise and strategic approach, securing Cameco & Orano Drilling 2028 highly prospec
Slide 18: Leadership
Leadership • Chris Frostad (President, CEO, Director) • Roger Watson (Chief Geophysicist) • Current: Director, Enthusiast Gaming Holdings Inc. (EGLX) and Victory Capital Corp. (VIC.P) • Previous: 40 yrs Geophysical Consultant and founder of the firm Patterson Grant & Watson • Previous: President & C
Slide 19: Contact Us
TSX Venture: PTU Contact Us Chris Frostad President & CEO cfrostad@purepoint.ca 416.603.8368 Jeanny So Corporate Communications info@jeannyso.com 647.202.0994 Head Office 120 Adelaide St. West. Suite 2500 Toronto . Ontario . Canada . M5H 1T1 Exploration Office 111- 2nd Avenue South, Unit 530 Saskato
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