Slide 1: RIU Explorers Conference
ASX : ENR For personal use only RIU Explorers Conference Fremantle WA 17-18 February 2009 1
Slide 2: Summary
Summary Uranium, Base Metals and Gold For personal use only 10 million lbs U3O8 Inferred Resource discovered at Hillview Change of WA policy for uranium mining – a big step forward Major land holder in the Yeelirrie and Kintyre districts Extensive base metals project portfolio in the Bange
Slide 3: People
People For personal use only Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart - Company Secretary Experienced team of former WMC / BHP Billiton executives 3
Slide 4: Project Portfolio
Project Portfolio 1. PATERSON PROVINCE For personal use only High quality uranium and copper targets close to Kintyre and Nifty 2. YILGARN URANIUM Inferred resource of 10.6 million lbs U3O8 at Hillview plus Yeelirrie/Lake Way satellites 3. BANGEMALL BASIN SEDEX ‘Century style’ base metals targets in
Slide 5: Yilgarn Uranium
Yilgarn Uranium A future production centre for uranium – ENR well positioned For personal use only 5
Slide 6: Hillview Project
Hillview Project Large scale calcrete hosted uranium deposit For personal use only • JORC Inferred Resource of 27.6 million tonnes, averaging 174ppm U3O8 (100ppm cut off) for a contained content of 10.6 million lbs U3O8 * • Entire resource within 15 metres of surface • Consistent body of mineralisat
Slide 7: Project Portfolio
Project Portfolio 1. PATERSON PROVINCE For personal use only High quality uranium and copper targets close to Kintyre and Nifty 2. YILGARN URANIUM Inferred resource of 10.6 million lbs U3O8 at Hillview plus Yeelirrie/Lake Way satellites 3. BANGEMALL BASIN SEDEX ‘Century style’ base metals targets in
Slide 8: Unconformity Uranium Districts
Unconformity Uranium Districts 300,000 For personal use only Athabasca Basin Alligator River Region Paterson Province U3O8 tonnes Pre Mined Reserves & Resources (Canada) (NT) (WA) 200,000 Discovery 1947 Discovery 1949 Discovery 1985 100,000 ? - t le ke Ko uka um lek ke er e n e a ke r ke es ge cC La
Slide 9: Paterson Province
Paterson Province • 1500 km2 in under-explored, For personal use only highly endowed mineral belt • Key structural position • 1000 line km airborne EM survey flown • Multi-element re-analysis from 18,000m of historical drilling • High quality uranium and copper targets identified JV with Barrick Gol
Slide 10: Paterson Province – BM1
Paterson Province World class mineral province for BM1: base metals and unconformity uranium • Coincident magnetic and AEM For personal use only anomaly located on a NNE trending splay structure to the McKay Fault • Three historical CRA drill holes north of the AEM anomaly contain highly anomalous u
Slide 11: Paterson Province – BM2
Paterson Province BM2: • Intersection of major regional faults For personal use only • Structural termination of the highly conductive horizon against the Green Fault • Copper regolith anomalism up to 500ppm Cu intersected in broad spaced aircore drilling • Primary target is sedimentary hosted coppe
Slide 12: Paterson Province
Paterson Province • Immature exploration field For personal use only • No systematic uranium exploration • New geophysical and geochemical datasets collected by Encounter • A series of new & outstanding targets at relatively shallow depths • Drilling to commence mid 2009 12
Slide 13: Corporate Information
Corporate Information For personal use only Issued Capital: 69m Ordinary Shares 2.3m Employee Options Market Cap: $5.5m @ $0.08/share Cash (31/12/08): $3.1m Budgeted cash outflow for 2009 is $1.6m 13
Slide 14: Not an Exploration Strategy
Not an Exploration Strategy For personal use only 14
Slide 15: The Drivers for Investment…
The Drivers for Investment… Largest exploration landholder in the region that hosts Kintyre For personal use only uranium deposit & Nifty copper mine. 10 million pound, near surface U3O8 Inferred Resource at Hillview Advanced, large scale base metals projects in prospective Bangemall Basin E
Slide 16: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and t