Encounter Resources Limited · ASX:ENR
Encounter Resources — Australian Uranium Conference 2006
20 slides from Encounter Resources's conference presentation, Jul 25, 2006
Slide 1: Australian Uranium Conference
Australian Uranium Conference 25th July 2006 Esplanade Hotel, Fremantle, WA ASX Code : ENR www.encounterresources.com.au
Slide 2: Agenda
Agenda • Background • Exploration Strategy • Project Portfolio
Slide 3: Corporate Structure
Corporate Structure Company Founded: June 2004 ASX Listing: March 2006 Issued Capital: 60m Ordinary Shares Market Cap: $25m Current Cash: $4.2m Top 20 shareholders: 66%
Slide 4: Australian Uranium Exploration Expenditure
Australian Uranium Exploration Expenditure 120 ALP 3 Mines Policy 100 • Numerous discoveries in 1970’s • 20 year hiatus in activity $ Million (2005 Dollars) 80 1980 • Next phase of exploration Oobagooma 60 1972 1978 Yeelirrie Mulga Rock Lake Way 1971 40 Jabiluka 1975 Olympic Dam Honeymoon Ben Lomond
Slide 5: Exploration Strategy
Exploration Strategy • Moved early and focused on Western Australia • Assemble an experienced exploration team • Secure the best ground in the Yeelirrie and Lake Way systems • Learn from the 1970’s exploration effort • Capture high quality greenfields projects • Build an inventory of uranium resourc
Slide 6: Agenda
Agenda • Background • Company Strategy • Project Portfolio
Slide 7: Yeelirrie Project
Yeelirrie Project Pre December 2004 N Yeelirrie Deposit 20km
Slide 8: Yeelirrie Project
Yeelirrie Project Pre December 2004 N December 2004 Yeelirrie Deposit 20km
Slide 9: Yeelirrie Project
Yeelirrie Project Pre December 2004 N December 2004 February 2005 Yeelirrie Deposit August 2005 20km
Slide 10: Yeelirrie Project
Yeelirrie Project Pre December 2004 N December 2004 February 2005 Yeelirrie Deposit August 2005 October 2005 November 2005 December 2005 20km
Slide 11: Yeelirrie Channel
Yeelirrie Channel 40 strike kms of the mineralised palaeochannel • Numerous areas of interest in 1,000 km2 Bellah Bore East • Reviewing historical data within Main Channel • Strong, unexplained geochemical anomaly defined at Yeelirrie South • Successful maiden drill program Main Channel Middle Bore
Slide 12: Bellah Bore East
Bellah Bore East • Small intense surface radiometric anomaly • Near surface silicified calcrete • Identified high grade uranium mineralisation • EYN064 intersected 3m @ 781ppm U3O8 from 4m including 1m @ 2,111ppm U3O8
Slide 13: Lake Way South
Lake Way South • Lake region between Nova Energy’s Lake Way and Centipede deposits • 12km of prospective drainage system • Field validation of eastern radiometric anomaly • Drilling to extend known mineralisation Encounter earning 60% of the Uranium Rights from Avoca
Slide 14: Lake Way South
Lake Way South • Centipede mineralised trend remains open • 120 hole program testing for resource extensions • Historical intersection of 0.45m @ 787ppm U3O8
Slide 15: Hillview
Hillview Historic uranium mineralisation with higher grade potential • 15km long lower grade (100-200ppm U) mineralised channel • Opportunity to identify higher grade pods (eg Hillview East) …drilling late 2006
Slide 16: Throssell
Throssell Large untested radiometric anomaly with mapped calcrete • 10km long uranium series radiometric anomaly • Interpreted channel environment covered by Recent sediments • Outcropping calcrete zones within major drainage system …drilling proposed for H2 2006 5km
Slide 17: Bangemall Basin Projects
Bangemall Basin Projects • Geological Survey of WA ENCOUNTER PROJECTS completed the regional Newman geochemical initiative 1995-2001 GSWA GEOCHEM BANGEMALL COVERAGE BASIN • Multi-element dataset was used for uranium targeting • Geological setting for unconformity style uranium YILGARN mineralisation
Slide 18: Extensive Project Portfolio
Extensive Project Portfolio • Drilling at four projects planned in 2006: – Yeelirrie Channel – Lake Way South – Hillview – Throssel • Progressively test targets • $1 to $1.5 million per annum All projects Encounter 80% & Avoca 20%, except Lake Way earning 60%
Slide 19: Encounter Resources Ltd
Encounter Resources Ltd • Western Australian uranium • Extensive project pipeline - 25 quality projects • Experienced exploration and technical team • Modern exploration methods to define new resources • Positioned to capitalise on regulatory change Exciting opportunity for brownfields and greenfiel
Slide 20: Australian Uranium Conference
Australian Uranium Conference 25th July 2006 Esplanade Hotel, Fremantle, WA ASX Code : ENR www.encounterresources.com.au
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