American Uranium Limited · ASX:AMU
American Uranium — Stockhead Investor Video Conference "Uranium – Yellowcake Glowing?" 2020
23 slides from American Uranium's conference presentation, Jun 4, 2020
Slide 1: Stockhead Investor Video Conference "Uranium – Yellowcake Glowing?"
ASX: GTR 4th June 2020 Stockhead Investor Video Conference “Uranium – Yellowcake Glowing?” GTI Resources Ltd (ASX: GTR) advises that the company is presenting at the Stockhead video conference “Uranium – Yellowcake glowing?” The full video presentation from Executive Director Bruce Lane can be viewe
Slide 2: Maiden Drilling Imminent
MAIDEN DRILLING IMMINENT HIGH GRADE URANIUM & VANADIUM IN UTAH, USA Positioned For The US Domestic Uranium Supply Squeeze V-Con Uranium Conference Presentation June 2020
Slide 3: Disclaimer
DISCLAIMER DISCLAIMER accept no responsibility or liability for the contents of the Materials. No representation or The information presented to you by GTI Resources Ltd in this presentation and any related warranty, express or implied, is made as to the fairness, accuracy, adequacy, validity, docum
Slide 4: Executive Summary
EXECUTIVE SUMMARY Henry Mountains Uranium & Vanadium Projects1 ➢ ~1,500 hectares over 181 Claims1 in the Henry Mountains of SE Utah, USA ➢ The region contains high grade uranium & vanadium deposits, 17.5 Mt of ore 1 Prolific Uranium/Vanadium Producing District averaging 0.24% U3O8 & 1.25% V2O5 (92 m
Slide 5: GTI Corporate Data
GTI CORPORATE DATA GTI Resources Ltd as at 1 June 2020 Market: ASX ASX Code GTR Share Price ~A$0.04 Total Ordinary Shares1 508,763,062 Market Capitalisation ~A$22m Cash ~A$2.2m 1. Ordinary shares does not include: • 50,000,000 options exercisable at $0.08 expiring on or before 30/06/2021 and 9,387,5
Slide 6: Why Explore in the US – Supportive Themes
WHY EXPLORE IN THE US – 3 Supportive Themes Global Uranium Supply Squeeze, Climate Change, US Energy & National Security Strategy A Global Uranium Supply Squeeze is Driving Uranium Price Up • Uranium fuel demand rising steadily with growing nuclear reactor numbers & reversal of shut down plans. • CO
Slide 7: Trump Administration Takes Decisive Action
TRUMP ADMINISTRATION TAKES DECISIVE ACTION1 The US is the world’s largest consumer of uranium requiring over 48mlbs p.a. “Nuclear power is intrinsically tied to US National Security” “First, the U.S. Government will take bold action to revive and strengthen the uranium mining industry...” 6 1 Report
Slide 8: US Uranium Production Has Declined
US URANIUM PRODUCTION HAS DECLINED SUPPLY DESTRUCTION 7
Slide 9: US Uranium Exploration Has Collapsed
US URANIUM EXPLORATION HAS COLLAPSED 8
Slide 10: Current US Reserves Are Mostly Subeconomic
CURRENT US RESERVES ARE MOSTLY SUBECONOMIC 9 E = Estimated data. W = Data withheld to avoid disclosure of individual company data. 1Other includes, in various years, mine water, mill site clean-up and mill tailings, and well field restoration as sources of uranium. Notes: Totals may not equal sum of
Slide 11: Uranium Industry
Uranium supply cuts (source: Paladin Energy) URANIUM INDUSTRY Market Dynamics1 • China: ~40 operational nuclear plants, expanding quickly • 50+ new reactors in construction in China, M/East, Russia, India, Africa & LATAM • U3O8 producers cutting output (Cameco & Kazatomprom) • Since March 2020 urani
Slide 12: Project Locations
PROJECT LOCATIONS World Class Uranium Province Henry Mountains Project Henry Mountains Projects Utah • Claims located within the Henry Mountains region of the Colorado Plateau • Long history of mining of uranium & vanadium ore (100+ years) • White Mesa Mill a significant processor of u/v ore since 1
Slide 13: Henry Mountains Projects
HENRY MOUNTAINS PROJECTS Historical production supports project potential • Estimated thickness of mineralized Salt Wash Member is 10-30m • Shallow ore horizon • Walk up ready drill targets • Significant underexplored ground along trend from historical underground workings and outcropping mineraliza
Slide 14: Geological Overview
GEOLOGICAL OVERVIEW Prolific Uranium & Vanadium Mining District Outcropping segments of the fertile Morrison Formation in the Uravan mineral belt, Colorado to the east of the Henry Mountains region which produced 14Mt between 1950 and 1979 at an average grade of 0.25% U3O8 and 1.29% V2O51 13 1 Geolo
Slide 15: Recent Fieldwork Highlights
RECENT FIELDWORK HIGHLIGHTS Initial phase of exploration sampling yielded highly encouraging results Project Highlights 2018 XRF Sampling1 • Outcropping Salt Wash Member hosts uranium and vanadium mineralisation • Historical drill holes and underground developments are accessible within Sample U3O8
Slide 16: Technical Works Underway
Technical Works Underway Advancing Ahead Of Schedule – Primary Drill Targets Chosen Phase 1 Completed: • Mapping, sampling, investigation of historical drill holes & drill target identification completed at Jeffrey. • Permitting of drill program at Jeffrey. • Sampling and mapping completed at Rats N
Slide 17: Jeffrey Project – High Priority Targets
JEFFREY PROJECT – HIGH PRIORTY TARGETS • Jeffrey drill targeting has leveraged available data including underground exposure of ore-grade mineralisation. • The initial drill program permitted for up to 12 drill holes. Thick mineralized lens exposed in the underground workings at the Jeffrey project
Slide 18: Rats Nest Project – High Priority Targets
RATS NEST PROJECT – HIGH PRIORTY TARGETS Thick mineralized lenses exposed in the multiple underground workings at the Rats Nest project • Rats Nest sampling and mapping completed. • Drill targeting work now underway 17
Slide 19: Indicative Exploration Program
INDICATIVE EXPLORATION PROGRAM Maiden Drill Program Fast Tracked to Commence in June Low cost - High impact exploration program GTI Resources Ltd - Exploration Program 2019 20201 Henry Mountains Utah Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Compilation of available data Geological mapping & s
Slide 20: White Mesa Uranium & Vanadium Mill
WHITE MESA URANIUM & VANADIUM MILL Fully permitted and operational1 • The White Mesa Mill located at Blanding, Utah, has operated since 1980. • The mill has produced 30Mlbs U3O8 and 33 Mlbs V2O5. • The only operating uranium & vanadium recovery mill in the U.S. • Vanadium circuit capable of producin
Slide 21: Metallurgy and Processing
METALLURGY AND PROCESSING1 District Ore Amenable To Conventional Acid Leach Processing White Mesa Processing Plant @ Blanding Utah – Trucking Distance • White Mesa significant past U3O8 & V2O5 producer since the 1980’s • The only operating conventional uranium mill in the US • History of toll millin
Slide 22: Directors & Management
DIRECTORS & MANAGEMENT Nathan Lude, BCom: Non-Executive Chairman Nathan has broad experience working in the asset and fund management, mining and the energy industry. Nathan is the founding Director of corporate advisory firm Advantage Management and has previously held Directorships with ASX listed
Slide 23: Contact
Contact Bruce Lane +61(0) 8 9226 2011 22
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