Slide 1: Focused Purely on Uranium Exploration and Development
FOCUSED PURELY ON URANIUM EXPLORATION AND DEVELOPMENT
Slide 2: Disclaimer
Disclaimer While technical information contained in this presentation is based upon an independent technical review, no representation or warranty is made as to the accuracy, completeness, or reliability of the information in this presentation. Any forward looking information in this presentation ha
Slide 3: Objectives
Objectives • Initial focus on Australia • Delineate and acquire prospective ground in the known major uranium provinces ahead of the perceived ‘rush’ (+70 companies in Australia) • Use in-house expertise in greenfields areas as well • Offer shareholders growth through exploration discovery • Alterna
Slide 4: Board
Board • Leon Pretorius, Executive Chairman. A geochemist with 35 Years industry experience with 18 years in uranium worldwide – the last 5 with Paladin Resources. MSc and PhD on uranium exploration and geochemical research • Martin Kavanagh, Executive Director. An exploration geologist with 35 years
Slide 5: Corporate
Corporate • 454,317,583 Shares and 54,000,000 Options (1c to 50c) • Market Cap ~$40 million • Current cash and receivables position $3.0 million • Estimated 2 year minimum budget $5.1 million • 1 for 2 non-renouncable entitlement issue at 7.5c to raise funds for exploration and on-going Napperby eva
Slide 6: Key Technical Personnel
Key Technical Personnel • Steve Hogan. A geologist with 20 years experience, 16 years experience in the Tanami – Arunta and 4 years experience in North Queensland. 2 Years uranium • Geoff Gee. A geologist with 24 years experience, 10 of which spent on uranium with PNC in WA and the Tanami – Arunta •
Slide 7: Uranium – The debate has moved on
Uranium – The debate has moved on Clean energy required to Global warming debate sustain economic growth surrounding use of fossil in Developing Countries fuels for production of electricity Increasing Demand for Uranium International and Depleting global Australian Federal oil and gas reserves Gove
Slide 8: Electricity Production
Electricity Production Energy Source Electricity Produced • 1 kg Firewood 1 kWh • 1 kg Coal 3 kWh • 1 kg Oil 4 kWh • 1 kg Uranium 50,000 kWh
Slide 9: Changing Media Sentiment
DEEP YELLOW Changing Media Sentiment News a Uranium d yee ek uranium nt kom Me Seh ve jy a cn an eget ae I bed ap vay, aFenerates ye e2"M money vate sate in an fom an ee the bare | Ounce tered, tet aac Io ere at nomeione be evan” 2YProducts ap, | ie erat are | tea PE 2 Puctear & Serrett aw 5 OF nuci
Slide 10: Macro Environment
Macro Environment World Supply & Demand Scenario
Slide 11: World Uranium Mine Production - Scheduled vs Required
Macro Environment World Uranium Mine Production - Scheduled vs Required (2005 -2015)
Slide 12: China - Demand Continues
CHINA - Demand Continues • 2005 coal-fired electricity generation = 73% • Estimated 48GW per annum growth still dependent on coal / clean coal technology • Coal fired plants will still provide 71% of supply in 2010 and 65% of supply in 2020 • China is aiming to reach 40GW installed nuclear capacity
Slide 13: Historical Uranium Price Graph
Macro Environment 19 Year Historical Uranium Price Graph
Slide 14: Historical Spot Uranium Price Graph
Macro Environment 3 Year Historical Spot Uranium Price Graph
Slide 15: March 2006 Snapshot
March 2006 Snapshot • Exploration Portfolio – expanded significantly Tanami – Arunta Province 57,254 km² Western Gawler District 3,295 km² Mt Isa – Cloncurry District 3,216 km² • Resource Evaluation – Napperby Continue resource evaluation programmes Trenching planned June Quarter Further
Slide 16: Australian Projects
© Deep Yellow Projects 6 ® Known major uranium mines/deposits .
Slide 17: Tanami – Arunta
Tanami – Arunta • Define style of mineralisation and resources at Napperby • Ongoing studies of available data defines substantial new targets • New Deep Yellow 100% tenements 6,374 km² • Acquired 100% rights to uranium within Tanami Gold’s tenements 50,880 km² • Commenced CLC and Landowner negotiat
Slide 18: Tanami – Arunta DYL 100%
Tanami – Arunta DYL 100% • Napperby – calcrete hosted / rollfront - resource delineation • NE Arunta / Mt Eaglebeak primary metasomatic • ELs (ELAs) with prospective palaeodrainages • Nonouba – sandstone / ISL target • Mordor – Rossing style uraniferous intrusive complex
Slide 19: Tanami – Arunta Tanami Gold tenements
Tanami – Arunta Tanami Gold tenements • Good database and low level airborne radiometrics • No modern exploration • Major untested unconformity style opportunity • Prospective for other uranium deposit types • Negotiations with CLC and Landowners required for access
Slide 20: Tanami – Arunta Province
DEEP YELLOW 131 se \ Tanami — Arunta Province 130% cata | ‘kilometres 200 TENNANT oes wa ain wine» SOLITAIRE ‘= ect noo — Ses ly EL25212 IN| l| = TaD ELA26156, be a FFICER on [HE Deep Yellow Tenure 100% 21°S W.A. =" ELA25147 Barrow Creek Total land holding at 06/03/06 : 6374km? [__] Tanami Gold NL A
Slide 21: Tanami – Arunta - Officer Project
Tanami – Arunta - Officer Project
Slide 22: Officer Project – Uranium Channel
Officer Project – Uranium Channel ⃖ 150 km ⃗
Slide 23: Napperby
Napperby • 150 km from Alice Springs on bitumen road • Subject of a pre-feasibility study by Uranerz • 20 x 4 km area of mineralisation delineated within 10m of surface • DYL completed 600 holes targeting a JORC resource • Poor core recovery and inconsistent assays not conducive to JORC rules / reso
Slide 24: Palaeochannel Rollfront Model
Palaeochannel Rollfront Model
Slide 25: Napperby
Napperby T 132°45" NEW WELL, PROSPECT | ELA24606 Lake sediments Calerete outcropping/buried testiay [PBIB | Palacodrainage oxidised/reduced PROTERGEOR Quartzite precanerian [E83] Granite EEE Uranium mineralisation [J tenement areas ‘QUATERNARY NAPPERBY PROJECT NEW WELL PROSPECT SIMPLIFIED GEOLOGY AN
Slide 26: Napperby
—P£ pa Se, DEEP. YELLOW 7
Slide 27: Napperby
Napperby
Slide 28: Napperby Drilling
Napperby Drilling ⃖ 20 km ⃗
Slide 29: NW Joint Venture
NW Joint Venture • Matrix Metals Ltd – acquired the uranium rights to 3,216 km² • Multiple uranium anomalies and drill intercepts for immediate follow-up • Lochness Prospect – significant regional uranium anomaly, large untested ferruginous outcrop / alteration zone • Access agreements in place • Co
Slide 30: NW Joint Venture
DEEP YELLOW . NW Joint Venture ®@ Mt Gordon (Gunpomdeo] el —_— Major fauts ® Mine © Uranium Prospects © Other Prospects,
Slide 31: NW JV – Ewen Prospect
EPMA 14916 “Ewen” Mineral Occurrene es ‘showing main commodities Wahn, Shock, St. Uranium Showings: @ Con« Imp
Slide 32: NW JV – Ewen Prospect
DEEP YELLOW NW JV — Ewen Prospect
Slide 33: South Australia - Western Gawler Project
South Australia - Western Gawler Project • Dominion Gold Operations Ltd – Acquired the uranium rights to 3,295 km² • +40,000 calcrete sample in database from surface sampling and shallow drilling – no uranium assays • Several southwest to south flowing palaeodrainages draining uraniferous granites •
Slide 34: Calcrete Hosted Model
E NS \ precipitation along ‘ drainage line f Chemical deltz environment 10Km HB Uranium Mireralsation [ Caicrete Alluvium, colluvium over =| basement source rocks FESS Greenstone (E288 Weathered grante _-—~< Drainage Adapted from Mann & Deutscher, 1978
Slide 35: Rollfront Model
Rollfront Model From: Gonoway 1975 IY Rettuced tensa! 2 cette tacos [EI + ccteaton tergue (taped et more generat atamton prarorens:
Slide 36: Western Gawler Project
DEEP YELLOW Western Gawler Project 139°E 1305, Dominion Gold Operations Pty Ltd Total land holding at 2102/06 : 3,295km? Mulgathing . Warrior Musgrave Park WA, Tarcoola 34°S
Slide 37: South Australia – Frome Basin Database / Siccus JV
South Australia – Frome Basin Database / Siccus JV • Acquired Paladin Database covering ~25,000km2 • Covers known sandstone / ISL deposits Beverley and Honeymoon • One tenement held (90%) with palaeochannel / drill targets at ±150 m depth. Access to be negotiated • New discovery by Alliance Resource
Slide 38: Frome Basin – Siccus JV & Alliance Discovery
Frome Basin – Siccus JV & Alliance Discovery
Slide 39: Frome Basin – Rollfront Model
Frome Basin – Rollfront Model
Slide 40: Looking Forward
Looking Forward • Finalise ‘Entitlement Issue’ Capital Raising • Advance Napperby – June Quarter 2006 • First-pass exploration NE Arunta project • Negotiations with CLC for access to Tanami – Arunta tenements • Commence work on Queensland and South Australian tenements • Growth via pro-active projec
Slide 41: Thank You
THANK YOU Dr Leon Pretorius Executive Chairman March 2006