Slide 1: Mining 2009
MINING 2009 30 OCTOBER 2009 Martin Kavanagh - Executive Director For personal use only
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: Competent Person Statement
Competent Person Statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Leon Pretorius a Fellow of The Australasian Institute of Mining and Metallurgy. Dr Pretorius has sufficient experience which is rele
Slide 4: The Company
The Company • Technically strong pure Uranium Exploration Company • Advanced projects in Namibia and Australia • Well-funded with about A$41 million in cash and liquid assets • Top 10 shareholders hold ~58% (Paladin Energy largest at 19.61%) • Top 40 shareholders hold ~71% • Shares on Issue - 1,123,
Slide 5: Namibian Project Activities
Namibian Project Activities • Exploration spend about A$1.5 million per month • RC and Diamond drilling with 7 to 10 rigs • Aussinanis and Tubas Red Sand drilling ceased end 2008 and now compiling initial JORC Code resource data from ~4,500 holes • Total drilling to date ~12,200 holes for ~220,000 m
Slide 6: Namibian Projects and Tenements
Namibian Projects and Tenements • INCA uraniferous magnetite - primary / hardrock / drill and blast / acid plant • Tubas Red Sand - secondary / free dig / acid or alkali plant • Tumas, Tubas and Oryx palaeochannels - secondary / free dig &/or drill and blast / alkali plant • Aussinanis and Ripnes -
Slide 7: INCA Project Drilling
INCA Project Drilling For personal use only
Slide 8: S–N Long Section 488900E
S–N Long Section 488900E For personal use only
Slide 9: Highly mineralised massive uraniferous magnetite
Highly mineralised massive uraniferous magnetite For personal use only
Slide 10: Locations Australian
For personal use only Locations Australian
Slide 11: Mount Isa District Tenure
Mount Isa District Tenure For personal use only
Slide 12: Schematic Regional Geology
Schematic Regional Geology For personal use only
Slide 13: Uranium Resources
Uranium Resources Association with Western succession Leichhardt Trough Exception Mary Kathleen Mine For personal use only
Slide 14: Uranium Anomalies
Uranium Anomalies DYL Field Visits 2006 - 2008 For personal use only
Slide 15: 2008 – 2009 Consolidation in Leichhardt Trough
2008 – 2009 Consolidation in Leichhardt Trough Some Interest In Kalkadoon Belt For personal use only
Slide 16: Focus on Leichhardt Trough (Green Unit)
Focus on Leichhardt Trough (Green Unit) DYL Prospects: • Queens Gift • Slance • Conquest • Isa West Project • Leichhardt JV A25 – Big Dip • Miranda For personal use only
Slide 17: Geology on 1VD Image
Geology on 1VD Image Relationship of Uranium Prospects With Haslingden Group Comprising Intercalated Mafic Volcanics and Sediments For personal use only
Slide 18: Exploration Approach
Exploration Approach Airborne Radiometrics Over 1VD Aeromag Image The Metasomatic Uranium Mineralisation is Structurally Controlled Survey Line Spacing Critical to Locate Structures Plus Magnetic Signature For personal use only
Slide 19: Ewen Project
Ewen Project ‘200 metre Mag’ Inset ‘25 metre Helimag’ For personal use only
Slide 20: Ewen Project - Wahn Prospect
Ewen Project - Wahn Prospect For personal use only
Slide 21: Mount Isa District - 2009
Mount Isa District -2009 The primary objective of the current focussed drilling is to delineate JORC Code mineral resources at various prospects in the Mount Isa district where DYL is targeting wide intercepts of ± 400 ppm U3O8 that are continuous to depth and which it believes is required to sustai
Slide 22: Mount Isa District Tenure
Mount Isa District Tenure For personal use only
Slide 23: Queens Gift Prospect
QUEENS GIFT PROSPECT Metatorbernite – 2.7% U3O8 For personal use only
Slide 24: Queens Gift Prospect
QUEENS GIFT PROSPECT mineralised core – albite-hematite-quartz-carbonate breccia For personal use only
Slide 25: Queens Gift Prospect RC Drilling - 2007
Queens Gift Prospect RC Drilling - 2007 • DQRC-0006 9 m at 818 ppm U3O8 from 35 m • DQRC-0013 4 m at 2,225 ppm U3O8 from 19 m • DQRC-0018 3 m at 2,330 ppm U3O8 from 7m • DQRC-0032 50 m at 400 ppm U3O8 from 1m • DQRC-0033 69 m at 467 ppm U3O8 from 8m • DQRC-0041 23 m at 409 ppm U3O8 from 108 m • DQRC
Slide 26: Queens Gift Prospect RC Drilling - 2009
Queens Gift Prospect RC Drilling - 2009 • DQRC-055 27 m at 569 ppm U3O8 from 79 m • DQRC-056 51 m at 422 ppm U3O8 from 8m • DQRC-057 27 m at 408 ppm U3O8 from 74 m • DQRC-060 58 m at 449 ppm U3O8 from 74 m • DQRC-061 12 m at 483 ppm U3O8 from 50 m • DQRC-064 27 m at 430 ppm U3O8 from 69 m • DQRC-069
Slide 27: Focus on Leichhardt Trough (Green Unit)
Focus on Leichhardt Trough (Green Unit) DYL PROSPECTS • Queens Gift • Slance • Conquest • Isa West Project • Leichhardt JV A25 – Big Dip • Miranda For personal use only
Slide 28: Ewen Project – 2008 RC Drilling
Ewen Project – 2008 RC Drilling Conquest Central • DCQRC006 22 m at 594 ppm U3O8 from 22 m and 8 m at 1,109 ppm U3O8 from 75 m • DCQRC009 8 m at 760 ppm U3O8 from 46 m • DCQRC010 9 m at 734 ppm U3O8 from 13 m and 14 m at 1,080 ppm U3O8 from 29 m Slance Northeast • DSLRC009 16 m at 427 ppm U3O8 from
Slide 29: Ewen Project – 2008 RC Drilling
Ewen Project – 2008 RC Drilling Slance NW Prospect • DSLRC017 12 m at 833 ppm U3O8 from 14 m and 14 m at 370 ppm U3O8 from 30 m • DSLRC018 12 m at 1,338 ppm U3O8 from 61 m • DSLRC021 9 m at 1,017 ppm U3O8 from 80 m and 10 m at 464 ppm U3O8 from 102 m • DSLRC033 14 m at 813 ppm U3O8 from 82 m • DSLRC
Slide 30: Albititisation + Hematite Alteration
Albititisation + Hematite Alteration For personal use only
Slide 31: Miranda Prospect
Miranda Prospect 1970s CRAE RC DRILLING • 18 m at 810 ppm U3O8 from 30 m 2006 DYL RC DRILLING • DMRC-001 12 m at 960 ppm U3O8 from 9m • DMRC-002 3 m at 760 ppm U3O8 from 43 m 2007 DYL RC DRILLING • DMRC-008 32 m at 626 ppm U3O8 from 3m • DMRC-009 22 m at 727 ppm U3O8 from 16 m • DMRC-018 46 m at 352
Slide 32: Isa West Project
Isa West Project Earn – In JV Xstrata For personal use only
Slide 33: Isa West Project Prospect Locality Map
ISA WEST PROJECT Prospect Locality Map Uranium mineralisation hosted by Eastern Creek volcanics – logged as ‘amphibolite’ with apparent post mineralisation hornfels overprint For personal use only
Slide 34: Isa West Project Ground Radiometric Survey Image
ISA WEST PROJECT Ground Radiometric Survey Image 20 metre line spacing RS 125 spectrometer bluetooth connection with GPS For personal use only
Slide 35: Isa West Project
Isa West Project RC and diamond drilling programme at the Bambino and Thanksgiving Prospects has been completed. Wide intersections to ± 200 metre vertical depth were returned For personal use only
Slide 36: Bambino Prospect - Alteration
Bambino Prospect - Alteration Albitite + Carbonate Alteration For personal use only
Slide 37: Thanksgiving Prospect - Alteration
Thanksgiving Prospect - Alteration For personal use only
Slide 38: Isa West – Thanksgiving RC Drilling
Isa West – Thanksgiving RC Drilling • TGRC001 42 m at 400 ppm U3O8 from 15 m • TGRC007 9 m at 640 ppm U3O8 from 40 m • TGRC009 55 m at 555 ppm U3O8 from 27 m • TGRC015 11 m at 495 ppm U3O8 from 55 m • TGRC023 21 m at 490 ppm U3O8 from 51 m • TGRC030 10 m at 515 ppm U3O8 from 65 m • TGRC045 27 m at 4
Slide 39: Isa West – Bambino RC Drilling
Isa West – Bambino RC Drilling • BBRC005 30 m at 410 ppm U3O8 from 36 m • BBRC006 25 m at 409 ppm U3O8 from 65 m • BBRC010 10 m at 537 ppm U3O8 from 78 m • BBRC018 15 m at 413 ppm U3O8 from 125 m • BBRC023 7 m at 422 ppm U3O8 from 106 m • BBRC025 11 m at 662 ppm U3O8 from 71 m • BBRC029 25 m at 532
Slide 40: Forward Programme – Mount Isa
Forward Programme – Mount Isa December Quarter - 2009 • Complete 3700 metre RC drilling at Slance NW and NE Prospects • Diamond drilling 6 holes at Queens Gift and 3 holes at Slance – 1100 m • Coffey Mining to commence JORC Resource estimates on 5 prospects • Obtain clearance for RC drilling from th
Slide 41: Thank You
THANK YOU Martin Kavanagh - Executive Director For personal use only