Slide 1: Enterprise Uranium Limited
Enterprise Uranium Limited For personal use only 29ppm U 50ppm U 250ppm U Up to 418ppm U “The energy derived from 1 pound of Uranium is equivalent to 20,000 pounds of Coal”
Slide 2: Disclaimer
Enterprise Uranium Limited For personal use only Disclaimer This document has been prepared by Enterprise Uranium Ltd (“ENU” or “the Company”) to provide an update on the Company’s Uranium Projects to investors and potential new shareholders. This presentation should be read in conjunction with othe
Slide 3: Corporate Strategy
Enterprise Uranium Limited For personal use only Corporate Strategy “to create shareholder wealth through the discovery & development of Tier 1 uranium deposits….” Through: • Identify new uranium provinces from first principles; • Gain first mover advantage by aggressive pegging of land; • Implement
Slide 4: A Compelling Investment
Enterprise Uranium Limited For personal use only A Compelling Investment First-Class Assets •Five 100% owned uranium projects with Tier 1 uranium discovery potential located in Western Australia. •Projects selected over significant radiometric anomalies following recent WA Government radiometric sur
Slide 5: World Demand Increasing
World Demand Increasing For personal use only World Class Uranium Assets in Western Australia Uranium demand increase from 170 to 536 – 661 million lb/pa by 2050 24 to 32 new nuclear reactors each year 2014 – 2050 960 to 1280 new reactors
Slide 6: World Demand Increasing
World Demand Increasing For personal use only Source: UraniumOne Inc
Slide 7: Yellow Gold: Uranium Oversold
“Yellow Gold” Uranium Oversold For personal use only • Currently a golden time to invest into the uranium sector • U₃O₈ faces a supply deficit and prices must rise • This window will not be open too long for investors • Uranium Contract Price are currently well above spot prices • Security of supply
Slide 8: Uranium Market Outlook
Uranium Market Outlook For personal use only U₃O₈ faces a supply deficit and prices must rise • U₃O₈ supply of 84,000t in 2010 met by mine production (78%), secondary sources and inventory (22%). Secondary supply will fall by ~8,800t (10% of total supply), after the Megatons-to-Megawatts program end
Slide 9: Global Consumers
Global Consumers For personal use only Top Ten Uranium Consumers • Top 10 countries constitute 85% of demand • 2011 saw demand fall in Japan & Germany due to Fukushima. CRU Analysis, WNA
Slide 10: Global Resources
Global Resources For personal use only Australia could lead world uranium exports Australia has around 40% of the world’s uranium resources that are recoverable at reasonable cost. But currently supplies less than World Class Uranium Assets in 20% of the uranium the world needs. Western Australia Th
Slide 11: Sand Hosted Uranium Model
Sand Hosted Uranium Model For personal use only Palaeochannel 0 Colluvium/alluvium; sand clay and silt Clay 50 Carbonaceous Matter Sand Weathered Granite +/- Uranium 100 Uranium Mineralisation Granitic Basement 200m Calcrete shows at surface but not the more prospective sand hosted Uranium.
Slide 12: Upcoming IPO
Upcoming IPO For personal use only • Enterprise Metals Limited has approved a demerger of its Uranium Assets in Australia and now proposes a contemporaneous new equity issue and a listing of Enterprise Uranium Limited’s securities on the ASX Limited. • The Company is now looking for cornerstone supp
Slide 13: Experienced Board
Experienced Board For personal use only ENU will boast an experienced Board & senior management team with extensive operating and exploration experience Director Biography Ms Anna Mao CEO and Director of Worldtex Capital Resources Limited – capital and investment Non-Executive Chairperson company fo
Slide 14: Uranium Projects Overview
Uranium Projects Overview For personal use only Byro • Calcrete and Sand hosted Uranium • 5 tenements covering 1,943km2 Yalgoo • Calcrete and Sand hosted Uranium and Vei n Gold • 15 tenements covering 1,291km2 Peranbye • Calcrete and Sand hosted Uranium and Pla ya Lake Gypsum • 7 tenements covering
Slide 15: Byro
Byro Uranium Project For personal use only Location • 250km northeast of Geraldton & 600km north of Perth • Covers the Murchison River valley and underlying ancient palaeo-valley Unexplored Until Recently • Airborne Magnetics / Radiometrics flown by WA Government in 2008 Enterprise Exploration • Hig
Slide 16: Byro
Byro Uranium Project For personal use only Uranium Source • Radioactive Hot Granites up river to north and east • Major long lived river with large catchment area • River valley predominantly dry Economic Models • Uranium deposition in Sand/Sandstone • Uranium deposition in Calcrete Highly Prospecti
Slide 17: Byro
Byro Uranium Project For personal use only “Inland Delta” < Google Earth < Late Channel AEM over DTM
Slide 18: Yalgoo
Yalgoo Uranium Project For personal use only Location • 400km north of Perth • Covers the Salt River valley and underlying ancient palaeo-valley Unexplored Until Recently • Enterprise completed a High Resolution airborne mag/rad survey in 2010 New uranium province defined by Enterprise
Slide 19: Yalgoo
Yalgoo Uranium Project For personal use only Large Land Holding • >120 km of prospective ground • 1,443 km2 of tenements Uranium Source • Radioactive hot Archaean granites Muggaburna Transport • Major long lived river system with large catchment area Economic Models • Uranium deposition in Sand/ San
Slide 20: Yalgoo
Yalgoo Uranium Project For personal use only Uranium Channel Radiometric Image with Rockchip Locations • Drilling results encouraging • 9 holes yielding grade x thickness values over 200ppm*metres eU₃O₈ • YGAC083 1.88m at 462ppm eU₃O ₈ from 1.26m • YGAC084 2.16m at 457ppm eU₃O ₈ from 1.17m
Slide 21: Peranbye
Peranbye Uranium Project For personal use only Location • 300km north of Perth • Covers the Moore River valley and underlying ancient palaeo-valley Unexplored Until Recently • Airborne Magnetics / Radiometrics flown by WA Government in 2012 • Enterprise AEM survey in 2012 defined palaeochannel targe
Slide 22: Peranbye
Peranbye Uranium Project For personal use only Uranium Source • Radioactive hot Archaean granites High Clip Uranium(Red) over DTM Transport • Major river system with large catchment Economic Models • Uranium in Sand/Sandstone and/ or Calcrete Highly Prospective • Surficial grab samples with up to 84
Slide 23: Peranbye
Peranbye Uranium Project For personal use only Deeper parts of channels where uranium mineralisation is expected to occur are generally below maximum surface uranium concentration from airborne radiometrics High Clip Uranium(red) over DTM Conductivity Depth Image
Slide 24: Ponton
Ponton Uranium Project For personal use only Location • 130km east of Kalgoorlie • Covers dry Lake Rebecca, Lake Yindada and underlying ancient palaeo-valleys Unexplored • Airborne Magnetics / Radiometrics flown by WA Government • Enterprise AEM survey in 2012 defined palaeochannel targets Drilling
Slide 25: Ponton
Ponton Uranium Project For personal use only Uranium Source • Radioactive hot Archaean granites Transport • Major long lived river system with huge catchment Economic Models • Uranium deposition in Sand/Sandstone Highly Prospective – Known Uranium Province • Mulga Rocks Deposit (Energy & Minerals Au
Slide 26: Ponton
Ponton Uranium Project For personal use only Late Time AEM Channel over DTM
Slide 27: Harris Lake
Harris Lake Uranium Project For personal use only Location • 200km east of Kalgoorlie • Overlies contact between the Yilgarn Craton and the Albany Fraser Range origin Unexplored • Enterprise High Resolution airborne mag/ rad survey in 2011 • Enterprise Airborne EM (AEM) survey in 2012 • Palaeochanne
Slide 28: Harris Lake
Harris Lake Uranium Project For personal use only Uranium Source DTM and Late Time AEM Channel • Radioactive hot Archaean granites Transport • Major long lived river system with huge catchment Economic Model • Uranium deposition in Sand/ Sandstone Known Uranium Province • Mulga Rocks Deposit • Doubl
Slide 29: Harris Lake
Harris Lake Uranium Project For personal use only Conductivity Depth Images
Slide 30: Anticipated IPO Structure
Anticipated IPO Structure For personal use only • Enterprise Metals shareholders receiving in-specie distribution of 42.6 million shares, and have a priority pro-rata offer in the IPO. • ENU is seeking to raise up to $6.1 million through the offer of up to 30.5 million shares at an issue price of 20
Slide 31: Anticipated IPO Structure
Anticipated IPO Structure For personal use only Description Shares Price Ownership Equity Valuation at IPO Existing ENT Shareholders* 42,644,155 $0.20 58.3% $8,528,831 SinoTech (Hong Kong) Corp Ltd 14,400,000 Mr Dermot Ryan 2,400,000 Worldtex Capital Resources Ltd 1,300,000 Cornerstone Investo
Slide 32: Indicative Timetable
Indicative Timetable For personal use only Indicative Timetable 2012 • General meeting date 15 October • Record date for capital reduction 23 October • Capital reduction by distribution in-specie of ENU shares 30 October • Dispatch prospectus 31 October • Pro rata offer opens • Pro rata offer closes
Slide 33: Investment Highlights
Enterprise Uranium Limited For personal use only Investment Highlights • 5 projects, all 100% owned by Enterprise, covering 6,000km2 in highly prospective terrain, with potential for Tier 1 uranium resources (+50,000t U3O8). • Fund raising to drill test identified uranium targets, based on quality g