Northern Minerals Limited · ASX:NTU
Northern Minerals — Investor Presentation (October 2010)
26 slides from Northern Minerals's investor presentation, Oct 15, 2010
Slide 1: Investor Update October 2010
For personal use only Investor Update October 2010 Developing Uranium and Rare Earth Elements George Bauk – Managing Director
Slide 2: Important Notice
Important Notice For personal use only This presentation has been prepared by Northern Uranium Limited (“Northern Uranium” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invit
Slide 3: Company Overview
Company Overview For personal use only Uranium • Strategic 11,000km2 land position Drill ready targets • Operator alliance with Areva Rare Earths • Potential for HREE in xenotime mineralisation (rich Exciting Early Stage Exploration in yttrium and high value Heavy Rare Earths) Phosphate • Prime phos
Slide 4: Project Portfolio
For personal use only Project Portfolio
Slide 5: Capital Structure
Capital Structure For personal use only ASX Codes NTU Ordinary Shares Ordinary Shares 163,726,886 Listed Options – NTUOA 12,802,964 ($0.20 exp 30 Sept 2012) Listed Options – NTUOB 17,397,371 ($0.15 exp 31 March 2012) 52 – Week Trading Range $0.063 - $0.40 Daily Traded Volume 3.95 million Market Capi
Slide 6: Board and Management
Board and Management For personal use only Kevin Schultz • Former Managing Director of Polaris Metals NL Chairman • More than 10 years uranium industry experience George Bauk • 20 years mining operation and corporate experience Managing Director • Former Managing Director Indago Resources Adrian Gri
Slide 7: Uranium
For personal use only Uranium
Slide 8: Uranium Outlook
Uranium Outlook For personal use only • Uranium renaissance - long term demand positive • Demand for carbon free electricity • Emergence of India and China as major nuclear nations • Consumption to increase as new reactors come on line • More than 500 new reactors in global pipeline (construction, p
Slide 9: Targeting Unconformity Uranium Deposits
Targeting Unconformity Uranium Deposits For personal use only Unconformity resources
Slide 10: Gardiner-Tanami Project
Gardiner-Tanami Project For personal use only Gardiner-Tanami • 100% ownership • Afmex (Areva subsidiary) is project operator • Afmex may market uranium on commercial arms length terms Gardner Range JV • Earning up to 60% • JV with Manhattan (ASX:MHC) • Afmex is project operator • Afmex may market u
Slide 11: Drilling Underway
Drilling Underway For personal use only Drill Targets at Gardiner-Tanami Project and Gardner Range JV Project
Slide 12: 2010 Uranium Work Program
2010 Uranium Work Program For personal use only • A $1.6m uranium exploration program at G-T • Drilling program has commenced in October • RC drilling program planned with 2 target areas for total of 3,000m • Targets at The Don prospect – historical high grade uranium mineralisation of 0.44m @ 1.5%
Slide 13: Rare Earth Elements
For personal use only Rare Earth Elements
Slide 14: Rare Earth Elements (REE)
Rare Earth Elements (REE) For personal use only • REE includes scandium, yttrium and 15 lanthanides • Essential for high growth products, and become increasingly important commodities. Uses: – Electronics and technology – mobiles, TV screens, laptops – Energy and greenhouse gas reduction – wind turb
Slide 15: REE - growth market
For personal use only REE - growth market
Slide 16: Rare Earth Supply and Demand
Rare Earth Supply and Demand For personal use only Demand • Global market grown from 40,000tpa - 125,000tpa in the past 10 years • Global demand forecast to grow at ~ 8 – 11% per annum Supply • China produces 95% of world’s REE, from 70% of the world’s known resources. • China has curtailed REE expo
Slide 17: Rare Earth Prices
Rare Earth Prices For personal use only Comparison of Average Annual Rare Earths Prices 2005-10 (Notes: 1.Source is metal pages© 2. Prices have been rounded) Rare Earths Price US$/kg FOB China1,2 Rare Earth Product 13 Oct 2006 2007 2008 2009 1Q2010 2Q 2010 3Q 2010 2010 Lanthanum Oxide US$1.80 US$3.1
Slide 18: Targeting High Value Rare Earths
Targeting High Value Rare Earths For personal use only
Slide 19: Rare Earth Projects
For personal use only Rare Earth Projects
Slide 20: Browns Range
Browns Range For personal use only • Significant rare earth discoveries confirmed in 2009 • Rock chip sampling and mapping by NTU identifies four mineralised targets with results up to 7.95% TREE+Y • Estimated value up to $6,000/t. • Target zone of 5km identified • Clean liberation of xenotime at a
Slide 21: John Galt
John Galt For personal use only • Exciting REE prospected, acquired in early 2010 • Regional proximity to the Browns Range HREE Project • Similar geology – high value HREE in xenotime mineralisation • Extends HREE footprint in region • Funding committed for 2010/11 exploration program
Slide 22: HREE Work programme 2010/11
HREE Work programme 2010/11 For personal use only • Dedicated and funded HREE exploration program in 2010 • Browns Range: – Further mapping and rock chip sampling – Metallurgical test work to be completed by Nov – Drilling Program planned for 2011. • John Galt: – Initial exploration work to follow i
Slide 23: Summary
For personal use only Summary
Slide 24: Value Proposition
Value Proposition For personal use only Uranium • Highly prospective high grade unconformity-related targets • 11,000km2 with 30km of drill target areas to date • Afmex (Areva) strategic alliance partners Rare Earths • Prospective High Value HREE projects • Xenotime mineralisation – amenable to proc
Slide 25: Milestones to Monitor
Milestones to Monitor For personal use only • $9.5m share rights issue – completed in October • Uranium drilling at Gardiner-Tanami - commenced in October • On-going Rare Earth exploration at Browns Range HREE project – further results due November • Finalise preliminary metallurgical test work on B
Slide 26: Contact Details
Contact Details For personal use only George Bauk Managing Director Unit 10, Level 2, 12-14 Thelma Street Perth, Western Australia 6005 T: +61 8 9481 2344 info@northernuranium.com.au www.northernuranium.com.au
Northern Minerals — Investor Presentation (October 2010) on 6ix