Slide 1: Active Uranium Exploration
Active Uranium Exploration RIU Explorers Conference Fremantle, Australia 21 February 2007 Will Robinson Managing Director ASX Code : ENR www.enrl.com.au
Slide 2: Active Uranium Exploration
Active Uranium Exploration • Establishing resources - Lake Way South - Yeelirrie Channel • Large scale, advanced drill ready targets • Expanding the uranium portfolio Mar 2006 Feb 2007 3,250km2 +6,000km2
Slide 3: Corporate Information
Corporate Information Board Paul Chapman (Chairman) Will Robinson (Managing Director) Peter Bewick (Exploration Director) Issued Capital: 60m Ordinary Shares 0.45m Employee Options Market Cap: $27m Cash: $3.4m
Slide 4: Agenda
Agenda Uranium Projects – Current Activity Expanding the Project Portfolio The Next 12 Months
Slide 5: Uranium Projects – Current Activity
Uranium Projects – Current Activity All projects Encounter 80% / Avoca 20%, except Lake Way 60% / 40%
Slide 6: Establishing Resources - Lake Way South JV
Establishing Resources - Lake Way South JV Drilling for extensions to Centipede uranium resource Drilled Sep 06 Drilled Feb 07 …12km of prospective drainage system
Slide 7: Yeelirrie Channel
Yeelirrie Channel The premier ground position outside BHP’s Yeelirrie deposit, world’s largest calcrete U deposit • Potential for satellites to main deposit • Identified new mineralised zone at Bellah Bore East Main Channel Middle Bore
Slide 8: Establishing Resources - Bellah Bore East
Establishing Resources - Bellah Bore East Discovery of satellite near surface uranium mineralisation …confirms the initial hypothesis
Slide 9: Uranium Projects - Drilling H1 2007
Uranium Projects - Drilling H1 2007 All projects Encounter 80% / Avoca 20%, except Lake Way 60% / 40%
Slide 10: Throssell Project
Throssell Project Large untested radiometric anomaly within valley fill calcrete • 10km radiometric anomaly • Major drainage system • Well developed calcrete zones 5km
Slide 11: Lakeview Project
Lakeview Project Newly identified palaeochannel position downstream of known uranium occurrences • Radiometric & ELA37/877 geochemical anomaly Magnetic Anomaly E29/577 • Gravity survey identified Limit of gravity survey palaeochannel position • Compelling drill target Palaeochannel 5km 1VD gravity c
Slide 12: Hillview Project
Hillview Project Historic uranium mineralisation with higher grade potential • 15km long 100-300ppm U mineralised channel • Opportunity to identify higher grade pods • Higher grade potential at Hillview East
Slide 13: Agenda
Agenda Uranium Projects – Current Activity Expanding the Project Portfolio The Next 12 Months
Slide 14: Expanding the Pipeline
Expanding the Pipeline 13 Projects (3,250 square kms) 25 Projects (>6,000 square kms) Mar ’06 Feb ’07
Slide 15: Agenda
Agenda Uranium Projects – Current Activity Expanding the Project Portfolio The Next 12 Months
Slide 16: 2007 - Continued Company Growth
2007 - Continued Company Growth Dr ill in g Establish Uranium Resources Lake Way Q 1 Yeelirrie Channel to Q 3 20 Throssell 07 Drill Advanced Targets Hillview Lakeview Expand Project Test regional Advance Bangemall Pipeline calcrete targets Basin projects Project generation Corporate opportunities
Slide 17: Active Uranium Exploration
Active Uranium Exploration RIU Explorers Conference Fremantle, Australia 21 February 2007 Will Robinson Managing Director ASX Code : ENR www.enrl.com.au