Slide 1: An Emerging International Uranium Company
Slide 2: ASX listed Uranium company
“ASX listed Uranium company Highly prospective uranium projects in Namibia _ Two advanced uranium projects adjacent fo.the Rossing and Langer Heinrich uranium mines ° Additional Uranium projects in Botswana z Great exposure to the rising uranium market Resource drilling currently ongoing Experienced
Slide 3: Directors and capital structure
- Alastair Clayton ; ‘Peter Batten ~ Stephen Brockhurst Clive Jones Non-Executive Chairman Managing Director Non-executive Director _Non-executive Director/Company. Secretary 6.67c Options 6.67 cents 31.May.2007 Directors./ Vendors/ Staff Range 10 to 240.cents Varying Vendor — Namibian Projects 20 c
Slide 4: Three Uranium Provinces
wooo ‘Trend of belt Three Uranium Provinces ~ NAMIBIA - Goanikontes / Swakop Adjacent to.the Rossing and Langer Heinrich uranium mines -~ 80% Bannerman BOTSWANA - Serule/ Dukwe Adjacent to.the Mokobaesi Uranium - Deposit 100% Bannerman Be WESTERN AUSTRALIA White Ring (U) : 100% Bannerman
Slide 5: Namibia Regional Geology & Permits
eel Race, Bieceyy Poe Atlantic Odean a Svaingemanes ad CET) coerce Panta Sede 2) Garters Be Cavin Comaence HAMIBIA REGIONAL GEOLOGY & PERMITS ‘Two highly prospective projects: Goanikontes & Swakop River ‘Licences granted (May 2006), Environmental Clearances issued ~ (Sept 2006) - Swakop River: Surro
Slide 6: LEGEND
LEGEND (BY Urenitins min Qi Ursnitim-decurenas (Bhi Terre
Slide 7: Goanikontes Anomaly A
| Goanikontes Anomaly A 1 g Newly discovered untested Structure, m long 7 Reprocessed government data oS ‘Normalized for geology, topography and signature mineralised Alaskite U/Th ratio Over. 35 kms of highly.U anomalous strike highlighted Goanikontes anomaly continues under: ~-¢over around Palmenh
Slide 8: Goanikontes Anomaly A
aloe Varin eroralp GOANIKONTE: ANOMALY ‘A’ Alaskite hosted mineralisation : 20 kilometres SWof Réssing 18 U anomalies within licence No.work over last 20 years Database of >250 driltholes for Goanikontes Anomaly A’. “A target of 50 to 200Mt* at grades similar to Rossing sought at just ~. Goanikontes
Slide 9: Historic drilling at Anomaly A
Rene , (bimiabesa Drilling 1976-1978 Open Hole Percussion 251183575 pein + Barren Drilling eh Sy * — Mineralised Drilling . ¢ — Significant mineralised Driding (selected zones shown) ERSE 0.2%m contour line === (eg, fo 10m @ 200ppm U0) ? Minerailsed envelope BO0d0nN ‘Alaskite’: hosted primary minera
Slide 10: Diamond and RC drilling progress
; Diamond drilling commenced Sept 06 RC drilling commenced Jan 07 10 Diamond holes completed for © -2688m 14.RC holes completed for 3108m RC drilling drilling to continue for.” 2007 : Interim resource modelling commenced
Slide 11: Goanikontes Anomaly A Drill Section 94
Biotite Sehist 106m | Goanikontes Anomaly A Area 1 - Section a4 Values - U308 EOH226mn from 314m 36m@I307 ppm 208m Goanikontes Anomaly A Drill Section 94 (7 488 650 N) ~. “First deposit to be outlined over 1,700m Strike, initially to 70m then to 250m... Recent drilling indicates mineralisation exten
Slide 12: Correlation between Gamma Ray Spectrometer Survey and Historical Log
Correlation between Gamma Ray Spectrometer Survey and Historical Log BIMN Spectrometer (recently surveyed) 10.8% Diamond drilling commenced September 2006 : 3500m to test previous drilling and depth extensions oe ; RC programme started January 2007... 9000m RC programme to test 1.7km strike Survey a
Slide 13: Swakop River Licence
SWAKOP RIVER LICENCE LANDSAT IMAGE + WI Progestins Peless chanel Lyaniin Babes? Cecurence Bow 18k SWAKOP RIVER Surrounds Paladin Resources Ltd’s LANGER HEINRICH U deposit. Extensive palaeochannel target. -Uranium documented in calcretised sediments at Elspe. ; Extensive primary U bearing source ; ro
Slide 14: Langer Heinrich Channel
as 7 Ls Lo iy —l TT i ne Langer Heinrich Channel
Slide 15: Aircore and RC drilling in late 2006
_. Aircore and RC drilling conducted in late 2006, : Drilling aimed at locating and profiling palaeodrainage channels likely to host uranium mineralisation. Drilling mostly failed to reach basement. Further work required. Q | ie ee al ee a ee 2 . ; oe 1
Slide 16: Botswana: Dukwe and Serule
Two project areas, Dukwe and Serule in -.. Northern Botswana. : : sconces Licences targeted carnotite mineralisation identified by _ Falconbridge in the 1970s. Two targets at Serule; Poleitti and Basement North Clusters. ° Four targets at Dukwe; ; Area 1 and Area 7 and two new .anomalies. .. : Si as
Slide 17: Botswana mineralisation and palaeodrainage
lous} Mineralisation occurs in secondary carbonate deposits Anomalies exist within palaeodrainage systems _ No work over last 20 years - More than 20 kms of untested palaeodrainage systems within the licences - : No drilling ever conducted
Slide 18: 2007 Work Continues: Anomaly A, Goanikontes
Slide 19: D Type and E Type Alaskites
a ll ‘D” Type Alaskites | “E” Type Alaskites a a
Slide 20: Namibia and Botswana jurisdictions
- Independent democratic African nations Politically stable we ee . . Windhoek Excellent infrastructure ©. - : wai Daye 7% NAMIBIA. = Established and diverse mining industries Namibian mines include; ~Tsumeb (base metals), Rossing (U), Skorpion (Zn) plus.offshore diamond production and new. uranium
Slide 21: High quality projects in major uranium provinces
‘High quality projects located in major Uranium proven provinces Countries favorable to uranium production -Advanced Uranium prospects ~ ; large tonnage, low. grade primary mineralisation lower tonnage, high grade secondary. ininorateation Excellent location for exploration and mining Several existi
Slide 22: Elspe Valley
, L ee a oo oF oe Elspe Valley, : oe oo ay Cos ve ae ue | . it lie SS iinniies oo ie