African Energy Resources Limited
African Energy Resources — Investor Presentation (November 2009)
17 slides from African Energy Resources's investor presentation, Nov 10, 2009
Slide 1: Investor Presentation – November 2009
For personal use only Manager Announcements Company Announcements Office Australian Stock Exchange Limited African Energy 10th Floor, 20 Bond Street SYDNEY NSW 2000 Resources Limited ----------------------- Via electronic lodgement ASX : AFR Dear Sir/Madam, Issued Capital INVESTOR PRESENTATION – NOV
Slide 2: African Energy's portfolio overview: growth opportunities in Zambia and Botswana
For personal use only African f Energy’s portfolio f overview G Growth th opportunities t iti in i Zambia Z bi and dBBotswana t 10th - 13th November 2009
Slide 3: Disclaimer
Disclaimer For personal use only The information in this presentation is published to inform you about African Energy Resources Limited (AFR) and activities of it and its subsidiaries. All reasonable effort has been made to provide accurate information but we do not warrant or represent its accuracy
Slide 4: Highlights
Highlights g g For personal use only AFR has the dominant land position in the Kariba Valley uranium province in Zambia where 30Mlb U3O8 discovered to date Chirundu JV (AFR: 70%) has Measured and Indicated Resources 7.4 Mlb U3O8 Chirundu Mining Licence approved Additional resource potential from dri
Slide 5: Current capital structure and management
Current capital structure and management For personal use only CAPITAL STRUCTURE (ASX): BOARD: Ordinary Shares: 254,767,152 Alasdair Cooke, Executive Chairman O ti Options: 18 180 066 18,180,066 Frazer Tabeart, Managing Director Cash position: A$ 3.70 million (30 Sep 09) Bill Fry, Executive Director
Slide 6: Karoo uranium deposits – flat and close to surface
Karoo uranium deposits – flat and close to surface For personal use only Sandstone hosted – soft, friable and highly permeable Amenable to low cost open pit mining using continuous miners Amenable to low cost processing p g using sulphuric acid heap leach and ion-exchange resins High to very high re
Slide 7: AFR: uranium production possible within years
AFR: uranium production possible within 2 years For personal use only Chirundu JV project is mid bankable feasibility study, proposed 5-6 year mine producing 1.2 to 1.4 Mlb U3O8 per year Engineering component of BFS on hold during resource expansion work Mining Licence has been granted, EIS well adv
Slide 8: Near-mine resource potential at Njame South
Near mine resource potential at Njame South Near-mine For personal use only Njame South drilling funded by recent capital raising G d assay results Good l ffrom this hi programme confirms that Njame South has resource potential Njame resource upgrade scheduled for later this month Potential to exten
Slide 9: Chirundu JV - further upside
Chirundu JV - further upside For personal use only Broad spaced drilling programme completed at Siamboka, assays pending p g Potential to increase resources from extensional and other targets proximal to Njame and Gwabe Highly mineralised region that is under explored Very low discovery cost to date
Slide 10: Significant exploration upside: Kariba Province
Significant exploration upside: Kariba Province For personal use only 42km long anomaly in Kariba Valley JV, which contains advanced prospects at Chisebuka and Namakande All within economic trucking distance off Njame Nj i uranium i plant processing l t Immature province – early mover Consolidation
Slide 11: Namakande prospects
Namakande prospects For personal use only Soil sampling and geological mapping programmes have defined several targets g with continuous uranium mineralisation extending over several km at each target Locally very high grades of uranium mineralisation discovered in outcrop (up to 2,950 ppm U3O8) at
Slide 12: New discovery: Gojwane Prospect, Botswana
New discovery: y Gojwane j Prospect, p , Botswana For personal use only 50km south of Francistown, <5km from major highway, railway, power New Gojwane discovery (100% AFRAFR, 19m @ 327 ppm U3O8) is adjacent to Letlhakane uranium deposit where A- CAP RResources hhas di da discovered 98 Mlb U3O8 Infer
Slide 13: Gojwane: new discovery on southern boundary
Gojwane: new discovery on southern boundary For personal use only A-Cap’s inferred resource extends to AFR tenement boundary Shallow, very widely spaced drilling Shallow by AFR to evaluate calcrete and sandstone hosted uranium potential First assays very encouraging and demonstrate potential for min
Slide 14: Other targets in Sese project
Other targets in Sese project For personal use only Uranium mineralisation at Foley in Karoo-aged sedimentary channel, locally good grades and thickness Very broad drilling (800m x 200m and 400m x 100m) – infill drilling required to determine economic significance Many other untested uranium anomali
Slide 15: African Energy's growth opportunities
African Energy’s Energy s growth opportunities For personal use only Resource upgrade at Njame from Njame South deposit, may add 1-2 years of resource to potential mining project at Chirundu Potential for incremental resources in Chirundu JV from many untested anomalies Potential for significant dis
Slide 16: News-flow schedule
News flow schedule News-flow For personal use only Commencement of Botswana drilling in late-September Preliminary soil sampling results for Namakande in late-September Assays from Njame South drilling in mid-October Assays from Sese drilling from early-November, ongoing into December Inferred Resou
Slide 17: For personal use only
For personal use only Slide No: 16
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