Slide 1: An Emerging International Uranium Producer
For personal use only An Emerging International Uranium Producer July 2007 Level 2 22 Oxford Close, West Leederville, Western Australia Ph: +61 (0)8 9381 1436 Email: admin@bannermanresources.com.au PO Box 1681 West Perth, Western Australia, 6872 Fax: +61 (0)8 9381 1068 Web: www.bannermanresources.co
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation includes certain statements that may be deemed to be “forward looking statements”. All statements that refer to any future production, resources or reserves, exploration results and events or production that Bannerman Resources Ltd (“the Company”) e
Slide 3: Bannerman Resources Limited
BANNERMAN RESOURCES LIMITED For personal use only ASX listed company exploring advanced uranium project Major projects located in Namibia Adjacent to the Rössing and Langer Heinrich uranium mines Additional uranium projects in Botswana Great exposure to the uranium market Interim Resource recently r
Slide 4: Management / Capital Structure
MANAGEMENT / CAPITAL STRUCTURE For personal use only Alastair Clayton Non-Executive Chairman Peter Batten Managing Director Clive Jones Non-executive Director Nathan McMahon Non-executive Director Class Shares % Escrowed TOTAL 127.6 M 100% - Options Number Exercise Price Exercise Date Directors / Ve
Slide 5: Bannerman's History
BANNERMAN’S HISTORY For personal use only Interim Inferred Resource Announced first drill results Drilling Commences Namibian Licenses Granted
Slide 6: Projects: Three Uranium Provinces
PROJECTS For personal use only Three Uranium Provinces NAMIBIA - Goanikontes / Swakop Adjacent to the Rossing and Langer Heinrich uranium mines 80% Bannerman BOTSWANA - Serule / Dukwe Adjacent to the Mokobaesi Uranium Deposit 100% Bannerman WESTERN AUSTRALIA White Ring (U) Bannerman diluting to 35%
Slide 7: Namibia: Goanikontes & Swakop River
NAMIBIA For personal use only Two highly prospective projects: Goanikontes & Swakop River Klein Trekkopje Goanikontes Along strike of the Rössing U mine. Valencia Prospective for primary Alaskite hosted U mineralisation Swakop River Goanikontes Swakop River Surrounds Langer Heinrich U mine. Highly p
Slide 8: Radiometrics Goanikontes
Radiometrics Goanikontes For personal use only Previously unknown Structure, Reprocessed government data 15km long Normalized for geology, topography and signature Alaskite U/Th ratio e m Do g Highlights >35 kms of highly U ur gb in ss Ro anomalous Alaskite stratigraphy Goanikontes Anomaly ‘A’ conti
Slide 9: Goanikontes interim resource estimate
GOANIKONTES For personal use only Interim resource estimate of 27M lbs U3O8 in top 80m only at Anomaly A 20 kilometres SW of Rössing e m Area of Do new g Rossing in gb ur discovery No previous work for over 20 years ss Ro Historic database of >250 drillholes for Goanikontes Anomaly A A target of 150
Slide 10: Historic Drilling Goanikontes Anomaly A
HISTORIC DRILLING GOANIKONTES ANOMALY A For personal use only ‘Alaskite’ hosted primary mineralisation Rössing style mineralisation. Also similar to Forsys’ Valencia deposit (176 Mt @ 130 ppm U3O8) Continuous mineralisation over a large area Anomaly A: 2.3km long. Several significant intercepts up t
Slide 11: Goanikontes Historic Data Validation
GOANIKONTES Historic Data Validation For personal use only Correlation between Gamma Downhole digital photo Ray Spectrometer Historic data validated: 20.2m Survey and Historical Log BMN Spectrometer Historic Log • Twinned diamond core drilling (recently surveyed) Hole 96-2000 Drill hole 96-2000 • In
Slide 12: Goanikontes Anomaly A Drill Section
GOANIKONTES ANOMALY ‘A For personal use only Goanikontes Anomaly A Drill Section 94 (7 488 650 N) 17m@ Good Goodcorrelation correlation between between historic historic 426ppm and Company's and Company'srecent drilling recent drilling Alaskite Alaskitehosted hosted mineralisation mineralisation sho
Slide 13: Stacked Mineralised Alaskites
Stacked mineralised Alaskites (view looking south) ANOMALY A Interim Resource For personal use only Multiple stacked Alaskite units Variable leaching observed near surface Better grades and widths occur at base of the current resource model Alaskites show strong continuity below base of current reso
Slide 14: Anomaly A Interim Resource
ANOMALY A Resource Interim Resource For personal use only Block Model 7489000N Inferred Resource: 56Mt @ 219 ppm for 27Mlbs U O 3 8 Resource modeled to an average depth of 80m constrained to alaskite units. Lower grade cut off of 100ppm used based upon commodity prices and industry standards. (Rössi
Slide 15: Resource Comparison
Resource Comparison For personal use only PROJECT OWNER U3O8 MINES Mlbs Tonnes Namibian Resources (tonnes U3O8) Olympic Dam BHPB 3,500 1,600,00 Ranger ERA 207 94,122 ROSSING Resc. 135,000t Resv. 37,000t Beverley Heathgate/Alliance 46.2 21,000 VALENCIA Resc. 28,200t Resv. 13,900t RESOURCES TREKKOPJE
Slide 16: Scoping Study
SCOPING STUDY For personal use only Flowsheet Scoping study progressing To investigate: Processing options Ore mining rate Cut-off grade Mining grade Recoveries Pit Shells U3O8 production Operating Cost Capital Cost Tailings Management Infrastructure N
Slide 17: Namibian Utilities
NAMIBIAN UTILITIES For personal use only Power and Water supply issues being addressed by Namibian Government POWER: 400-600MW Caprivi link powerline under construction from Zambia. Completion late 2009. WATER: June 2007- NAMWATER commits to desalination plant near Swakopmund. 25Mm3 capacity for use
Slide 18: Drill Intercepts Anomaly A
29m @ 449 ppm Drill Intercepts (U3O8) ANOMALY A e.g. 81m @ 225 ppm Recent Drilling For personal use only 81m @ 225 ppm incl. 9m @ 908 ppm 24m @ 242 ppm 27m @ 319 ppm 63m @ 406 ppm incl. 19m @ 709 ppm Better grades and widths occur below base of current resource model: 41m @ 570 ppm eg; 148m @ 225 pp
Slide 19: Goanikontes Timetable
GOANIKONTES TIMETABLE For personal use only 2006 2007 2008 2009 2010 2011 Licences Granted EPA Approvals …Rapidly progressing Res. Drilling (Anomaly ‘A’) towards production Interim Res. ‘A’ Th e A im Scoping … Study TSX Listing? To become a Top 10 World Expand Exploration Producer Resource ‘A’ Resou
Slide 20: Target Exploration Further Afield
TARGET Exploration Further Afield A LOT TO DO…. For personal use only ‘Ombuga’ A “D” Type Alaskite B “E” Type Alaskites Anomaly A 2 x 2km long each Target ??M lbs U3O8 Rossingburg ’13’ ~4km long Target ??M lbs U3O8 D ‘Ombepo’ 2km long, ~100m wide C “D” Type Alaskites D Scintillometer Target ??M lbs
Slide 21: Swakop River
SWAKOP RIVER For personal use only SWAKOP RIVER Surrounds Paladin Resources Ltd’s LANGER HEINRICH U deposit. Extensive palaeochannel target. Uranium documented in calcretised sediments at Elspe. Extensive primary U bearing source TARGET rocks (Alaskites) in hinterland. Same source rocks, host rocks
Slide 22: Dukwe Botswana
DUKWE BOTSWANA For personal use only U Targets Carnotite exposed Mineralisation associated with secondary calcrete deposits Targeting carnotite mineralisation identified by Falconbridge in the 1970s No work over last 20 years More than 20 kms of untested palaeodrainage systems No drilling ever condu
Slide 23: Namibia - Botswana
NAMIBIA - BOTSWANA For personal use only Independent democratic African nations Politically stable Excellent infrastructure Established and diverse mining industries Namibian mines include; Tsumeb (base metals), Rossing (U), Skorpion (Zn) plus offshore diamond production and new uranium developments
Slide 24: Summary
SUMMARY For personal use only Advanced Uranium projects located in ones of the world’s major producing uranium province Project rapidly advancing towards production Excellent location for exploration and mining Aggressive programmes underway The Aim: To be a Top 10 Uranium Producer
Slide 25: Recent Notes
For personal use only Recent Notes…