Northern Minerals Limited · ASX:NTU
Northern Minerals — Northern Uranium — PDAC Convention 2010
25 slides from Northern Minerals's conference presentation, Mar 8, 2010
Slide 1: Northern Uranium Investor Presentation cover letter
For personal use only 8 March 2010 Manager of Company Announcements Australian Securities Exchange Limited Level 6, 20 Bridge Street SYDNEY NSW 2000 via E Lodgment NORTHERN URANIUM INVESTOR PRESENTATION The following presentation is being used for investor briefings by Northern Uranium's Managing Di
Slide 2: High grade uranium and strategic heavy REE
For personal use only High grade uranium and strategic heavy REE Investor Presentation March 2010
Slide 3: Important Notice
Important Notice For personal use only This Thispresentation presentationhas hasbeen beenprepared preparedby by Northern Northern Uranium Limited (“Northern Uranium Limited (“Northern Uranium” Uranium” or or the the “Company”). “Company”). ItIt should should not not be be considered consideredasasan
Slide 4: Investment Highlights
Investment Highlights (ASX:NTU) For personal use only • Tightly held small cap ASX listed company with experienced board and management • Exposure to potential for new high grade uranium discovery in drill targets at Gardiner-Tanami • Strategic partnership with Areva – global nuclear leader • Exposu
Slide 5: Experienced Board
Experienced Board For personal use only Kevin Schultz • 1975-76 Director Operations Uranium Branch Exploration Division Chairman of Australian Atomic Energy Commission • Former Managing Director of Polaris Metals NL George Bauk • 20 years mining operation and corporate experience Managing Director •
Slide 6: Major Shareholders
Major Shareholders For personal use only FERRUM MINERAL AREVA NC PUBLIC CRESCENT LTD RESOURCES LTD AUSTRALIA PL SHAREHOLDERS 17.2% 12.9% 11.7% 58.2% …Areva strategic alliance
Slide 7: Tight Capital Structure
Tight Capital Structure (ASX:NTU) For personal use only Shares on issue 72.7M Options on issue 15.0M Market Cap $11.2M (undiluted)^ Cash at 31 Dec 2009 $1.3M ^ At share price of $0.155 …Top 20 hold 61.5%
Slide 8: Rights Issue
Rights Issue For personal use only • Fully underwritten raising $3.2m • 2 for 5 shares with an attaching free option exercise at 15c Event Date Notice of Issue sent to Eligible Shareholders 26 Feb 2010 Shares trade "ex-rights" and Rights trading commences on ASX 04 Mar 2010 Closing Date for acceptan
Slide 9: Uranium Exploration Priority
Uranium Exploration Priority For personal use only Gardiner-Tanami • 11,000km² across the WA/NT border • Geology similar to Alligator Rivers NT • Comparison with Canada’s Athabasca Basin attracts Areva • Afmex (Areva subsidiary) is project operator
Slide 10: High grade uranium focus
High grade uranium focus For personal use only • Northern Uranium’s goal - unconformity-related uranium Mine Country Deposit Type U3O8(t) U3O8(%) McArthur River Canada Unconformity-related 150,000 21.0 Cigar Lake Canada Unconformity-related 160,000 19.0 Jabiluka Australia Unconformity-related 59,000
Slide 11: The Gardiner-Tanami Project
The Gardiner-Tanami Project For personal use only • Milestones to unconformity uranium discovery Western Australia • 2007-8 Geophysics to define target areas • 2009 Oracle-Soma drilling targeting primary uranium in “unconformity- related” setting • 2010 Targeting high grade uranium deposits Northern
Slide 12: Soma 2009 Diamond Drilling
Soma 2009 Diamond Drilling For personal use only Milestone: Primary uranium (pitchblende) intersected in holes drilled through the unconformity • Confirming the Gardiner-Tanami region displays similarities with highly productive Athabasca and Alligator Rivers uranium provinces
Slide 13: Soma New 2010 Drill Targets
Soma New 2010 Drill Targets For personal use only • VTEM-defined conductors and intersecting faults in 100% Northern Uranium tenement • Conductor extends into Manhattan exploration licence where Northern Uranium is earning 60%
Slide 14: Gardner Range Joint Venture
Gardner Range Joint Venture For personal use only Joint Venture with Manhattan Corporation expands the range of uranium targets for 2010 • Well-defined VTEM conductors extend east from the Soma target • Additional VTEM conductors at The Don • Northern Uranium earning 60%
Slide 15: Heavy Rare Earths (HREE)
Heavy Rare Earths (HREE) For personal use only Browns Range • High value xenotime and rare earths discoveries in the Browns Range area, Gardiner- Tanami Project • Value derives from the dominance of HREE in the rare earths-rich quartz-xenotime mineralisation • Extensive Targets – topographic highs w
Slide 16: Rare Earth Elements (REE)
Rare Earth Elements (REE) For personal use only • Include the 15 elements in the lanthanide series of the Periodic Table of the Elements, plus yttrium and scandium • The better-known elements are cerium, lanthanum, neodymium, praseodymium, gadolinium, europium, and samarium • The “Heavy Rare Earth E
Slide 17: What Are REEs Used For?
What Are REEs Used For? For personal use only • Applications range from household items to cutting-edge technologies used in the aerospace industry. • Essential to green technologies used in the fight against global warming, e.g. • hybrid cars • wind turbines • low energy light globes • Other uses:
Slide 18: Importance of Browns Range Discovery
Importance of Browns Range Discovery For personal use only • The global REE market has grown from 40,000 tonnes per year to 125,000 tonnes per year in the last 10 years • China accounts for 95% of world REE production • China has 70% of world REE resources • China has announced curtailing of REE exp
Slide 19: REE – Global Supply Concerns
REE – Global Supply Concerns For personal use only "A real crunch is coming. In America, Britain and elsewhere we have not yet woken up to the fact that there is an urgent need to secure the supply of rare earths from sources outside China. China has gone from exporting 75 per cent of the raw ore it
Slide 20: How does Browns Range rate?
How does Browns Range rate? For personal use only
Slide 21: HREE Exploration Models
HREE Exploration Models For personal use only Browns Range quartz-xenotime mineralisation Targets • Large quartz-xenotime veins • Stockworks • Alluvials and regolith clay concentrations
Slide 22: Other NT Exploration Projects
Other NT Exploration Projects For personal use only • Kurundi focused on the Munadgee uranium mine • Epenarra Phosphate – 5,750km2 ELs near Wonarah (200Mt @ 20% P2O5 ) in the Georgina Basin • Amadeus Basin – ELs for phosphate exploration near Alice Springs rail
Slide 23: Kurundi Uranium Project
Kurundi Uranium Project For personal use only Munadgee Mine • 1950s boom-time discovery • Shaft and records of workings for 3,000t @ 0.5% U3O8
Slide 24: Goals for next months
...Goals for next 6 months For personal use only • Complete rights issue ($3.2m) to fund exploration programs • Follow-up drilling for high grade unconformity-style uranium deposits at Gardiner-Tanami • Strategic rare earths (HREE) exploration at Browns Range • Investigate new opportunities, through
Slide 25: George Bauk, Managing Director contact details
For personal use only George Bauk Managing Director Level 2, 7 Havelock Street West Perth WA 6005 Tel: +61 8 9481 2344 info@northernuranium.com.au Fax: +61 8 9481 5929 www.northernuranium.com.au