Slide 1: Focused on Australian Uranium Exploration and Development
FOCUSED ON AUSTRALIAN URANIUM EXPLORATION AND DEVELOPMENT Dr Leon Pretorius Executive Chairman October 2005
Slide 2: Disclaimer
DISCLAIMER While technical information contained in this presentation is based upon an independent technical review, no representation or warranty is made as to the accuracy, completeness, or reliability of the information in this presentation. Any forward looking information in this presentation ha
Slide 3: Uranium – The debate has moved on
Uranium – The debate has moved on Clean Energy Required to sustain economic growth Global in Developing Countries Warming Debate Increasing Demand for Uranium International and Depleting global Australian Government oil reserves Political Support
Slide 4: Changing Media Sentiment
Changing Media Sentiment re wesrausreatian News = oo 4 Uranium debate stews in ALP. aun cxpec uranium ia WA, saying a mixture of doubt there were people within the Gryllsw* Policy and legislation prevertcd ALP who were feurcfarssion St K ines Rumblings within the Labor Party er should net \ear pow j
Slide 5: DYL Snapshot
DYL Snapshot • Company History • Its Uranium Strategy • Its Geographic Choices • Macro Environment • Closer look at Junior Uranium Sector • Where does Deep Yellow sit? • The Future
Slide 6: Company History
Company History • Company taken out of liquidation in November 2004 by Ascent Capital • Focus changed from Gold to Uranium • Alliance formed with Paladin Resources • Leon Pretorius, Martin Kavanagh and Gillian Swaby joined Board to enhance Uranium knowledge and to represent Paladin and Tanami Gold •
Slide 7: Uranium Strategy
Uranium Strategy • Acquisition of advanced Australian Uranium projects and database information from Paladin Resources • Disposal of all non Uranium and non Australian assets to become a pure Australian Uranium exploration Company • Introduce Uranium experts with proven backgrounds into the company
Slide 8: Geographical Choices
Geographical Choices • Focus on Australia • Divestment of Tanzanian interests • Northern Territory - Timing uncanny • South Australia - Uranium friendly • Looking at expanding into other parts of Australia in the longer term
Slide 9: Macro Environment: World Supply & Demand Scenario
Macro Environment World Supply & Demand Scenario
Slide 10: Macro Environment: World Uranium Mine Production
Macro Environment World Uranium Mine Production - Scheduled vs Required (2005 -2015)
Slide 11: Macro Environment: Historical Uranium Price
Macro Environment Historical Uranium Price Graph
Slide 12: Macro Environment: Historical Uranium Price
Macro Environment Historical Uranium Price Graph
Slide 13: Macro Environment: Historical Uranium Price
Macro Environment Historical Uranium Price Graph
Slide 14: Jnr U Companies
Jnr U Companies (on world scene) COMPANIES STATUS PROJECT EXCHANGE MARKET CAP LOCALITIES (Approx 1 Oct) DEEP YELLOW 1 Advanced Project All in Australia (NT, ASX A$55M and Exploration SA & WA) PALADIN Emerging Producer Southern Africa & ASX / TSE A$1,000M Australia SUMMIT 1 Advanced Project Australia
Slide 15: Where Does DYL Sit?
Where Does DYL Sit? • Targeting JORC Compliant Uranium resource at Napperby • Large prospective tenement package in Tanami-Arunta • South Australian database and Project • Experienced Uranium personnel • Link with Paladin Resources
Slide 16: Deep Yellow Project Locations
Ly Mainly Phanerozoic basin cover [J Palaeozoic to Mesozoic {| Palaeozoic Proterozoic to Palaeozoic [EY Proterozoic Ly] Archaean to Proterozoic ® Known major . uranium mines / deposits Ye (DEEP YELLOW PROJECTS za @y BEN LOMOND EEP YELLOW ; IGHTS—— - -1— --—, DEEP YELLOW LTD PROJECT LOCATIONS
Slide 17: Napperby
Napperby • Subject of a pre-feasibility study by Uranerz • 150 km from Alice Springs, on bitumen road • Recent drilling aiming for JORC resource of >6,000 t contained U3O8 • 20 x 4 km area of mineralisation delineated • All mineralisation within 10m of surface • Assay results received for 400 of 2,7
Slide 18: Yuendumu Regional Geology and Tenement Locations
e Yuend & oso eae 132°30’ 133°00 132°00 *+—--t—-- |__ 29°39 Pg NGALIA BASIN NEW WELL PROSPECT Newhaven HS Mt. Wedge HS —— | 23°00" FLA24606 = 0 40km ea LO| WER ‘eta’ [Bass PROTFROZOIC Gneisses/schist with ARUNTA BLOCK Granitoids ~ —~ Quaternary cover || U. PROTEROZOIC- ; . \ | DEVONIAN Raa ey recieu
Slide 19: Napperby New Well Prospect Geology
| % | if 132°30' 132°45° fi & Be Se OY | hao) , D Range y, 20°45 ~y lilmouth Crossing < Roadhouse f NEW WELL PROSPECT 2) Bloodwood Bore | ELA24606 | EL24246 Ee) 0 Lake sediments Calcrete outcropping/buried QUATERNARY i "| n tt TERTIARY [Po __ Pr, Palaeodrainage oxidised/reduced s2G0 Quartzite PROTER
Slide 20: Deep Yellow
DEEP YELLOW rs 7
Slide 21: Deep Yellow
DEEP YELLOW & |
Slide 22: Tanami-Arunta
Tanami-Arunta • 100% of Uranium rights to ~60,000km2 • Contains known Uranium deposits and prospects • Good database and low level airborne radiometrics • No modern exploration • Prospective for various Uranium deposit types • Negotiations with CLC and Landowners required
Slide 23: Tanami Tenements Map
Archaean Browns Range Dor Gold Deposit Uranium Resource Uranium Prospect Uranium Field Unconformity Related Target Target Areas Tanami Tenements NORTHERN TERRITORY WESTERN : AUSTRALIA Be fi Complex Birrindudu \A peancetone = esied Arunta Province Arunta Province Arunta Province
Slide 24: NE Arunta
NE Arunta • 1,400 m long radiometric anomaly • 1 – 10 m thick alteration zone • Spectacular egg-sized nodules of uraninite grading 1 to 10% U3O8 • Planned work to improve understanding of nodule distribution and to search for feeder system
Slide 25: NE Arunta Geology and Location Map
Ly ‘ 135°10" x 4. Mt Muriel [J] tenement Arca kK 2 [J amphivotte | TERRITORY SS 7 \ ; \ im { NALS oe ) r sprigs @ 0 = Sy ay Ne} , we “e 7, LOCATION PLAN ie a an “ S\ s \ SN —~ ey s i" Ws / I 5 eo { y N. HPN 6 37 Poe i— 23's: - = ” * sy 1 \ - 7 35 4 < =< il Wo ete 2AS Lo) SE ie [oe = = A Ps 11 =< U W
Slide 26: South Australia
SOUTH AUSTRALIA • Acquired Paladin Database covering ~25,000km2 • Contains known sandstone / ISL deposits and prospects • One tenement held (90%) with drill targets • Leverage into other tenements and apply in own right
Slide 27: Siccus Joint Venture, Frome Area
i 300 000mE ‘ : fe SICCUS JOINT VENTURE EL3288 FROME AREA SOUTH AUSTRALIA vITvVaLsny HLNOS 131°— Say © Goulds Downs > _ = oy EG
Slide 28: The Future
THE FUTURE • Completed a restructure of the board to reflect the relationships with Paladin Resources and Tanami Gold • Increase cash position to ~$10million • Set up new office / Personnel in Subiaco – Perth • Advance Napperby’s feasibility study • Evaluate the Tanami-Arunta potential – unlock JV v
Slide 29: Thank You
THANK YOU Dr Leon Pretorius Executive Chairman October 2005