Slide 1: AMEC Congress
ASX : ENR AMEC Congress Perth WA 21-22 May 2009 1
Slide 2: Summary
Summary Uranium, Base Metals and Gold 10 million lbs U3O8 Inferred Resource discovered at Hillview Change of WA policy for uranium mining – a big step forward Major land holder in the Yeelirrie and Kintyre districts Extensive base metals project portfolio in the Bangemall Basin Main focu
Slide 3: People
People Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart - Company Secretary Experienced team of former WMC / BHP Billiton executives 3
Slide 4: Project Portfolio
Project Portfolio 1. PATERSON PROVINCE High quality uranium and copper targets close to Kintyre and Nifty 2. YILGARN URANIUM Inferred resource of 10.6 million lbs U3O8 at Hillview plus Yeelirrie/Lake Way satellites 3. BANGEMALL BASIN SEDEX ‘Century style’ base metals targets in under-explored Proter
Slide 5: Yilgarn Uranium
Yilgarn Uranium A future production centre for uranium – ENR well positioned 5
Slide 6: Hillview Project
Hillview Project Large scale calcrete hosted uranium deposit • JORC Inferred Resource of 27.6 million tonnes, averaging 174ppm U3O8 (100ppm cut off) for a contained content of 10.6 million lbs U3O8 * • Entire resource within 15 metres of surface • Consistent body of mineralisation with m 7k minimal
Slide 7: Project Portfolio
Project Portfolio 1. PATERSON PROVINCE High quality uranium and copper targets close to Kintyre and Nifty 2. YILGARN URANIUM Inferred resource of 10.6 million lbs U3O8 at Hillview plus Yeelirrie/Lake Way satellites 3. BANGEMALL BASIN SEDEX ‘Century style’ base metals targets in under-explored Proter
Slide 8: Unconformity Uranium Districts
Unconformity Uranium Districts 300,000 Athabasca Basin Alligator River Region Paterson Province U3O8 tonnes Pre Mined Reserves & Resources (Canada) (NT) (WA) 200,000 Discovery 1947 Discovery 1949 Discovery 1985 100,000 ? - t le ke Ko uka um lek ke er e n e a ke r ke es ge cC Lak yr to rr ng iv La La
Slide 9: Paterson Province
Paterson Province 95% • Immature exploration field • Extensive sand cover • No systematic uranium exploration 5% • Underexplored copper potential 9
Slide 10: Paterson Province
Paterson Province • 1500 km2 in under-explored, highly endowed mineral belt • Key structural position • New datasets: • Airborne EM survey (2008) • Multi-element re-analysis from 18,000m of historical drilling (2008) • High quality uranium and copper targets identified JV with Barrick Gold ENR earni
Slide 11: Paterson Province
Paterson Province The BM1 Target : • Located on a NNE trending splay structure to the McKay Fault • Coincident magnetic and AEM anomaly • Copper regolith anomaly over 1.2km BM1 long (grades up to 0.35% Cu) • Scale and nature of the anomalism indicates the potential for a major copper deposit 11
Slide 12: Paterson Province – BM1
Paterson Province — BM1 Yeneena JV TMI Magnetics and Target Summary Target BM1 Ayah * =i & \ “ z\ 4 ’ ¢ cael 5 @ : =< n . 3 i }) CRA drill line ‘ | AEM anomaly ® Section 71542 700mN WTWB2 : 15m @ 0.14%Cu q incl. 3m @0.35%Cu | NX a encounter RESOURCES LIMITED
Slide 13: Paterson Province – BM1
Paterson Province – BM1 A A’ 13
Slide 14: Paterson Province
Paterson Province The BM5 Target : • Potentially significant base metals gossan identified BM5 • Fe-Mn enriched body over 1km long • Associated with highly elevated Cu- Zn-Pb-Ag anomalism • Located adjacent to a major regional fault • Sand covered 14
Slide 15: Paterson Province – BM5
Paterson Province — BM5 qT qT T q Yeneena JV L- 7,566,000 mN BM5 Target THROISA: Exploration Summary Plan 68 - 96.75m 28.75m @ 280ppm Cu 950ppm Zn Pb sens Carbonaceous Shales aga Ll Dolomitic Horizon o ° Historical drillhole L 7,565,000 mN .. Planned Aircore Traverse Contours using maximum t a assay
Slide 16: Paterson Province – BM5
Paterson Province — BM5 380,000mE - 381,000mE 381,500mE oS os $ $ ‘S) GS A x & & & es s & & A' 500m RL T — 1 400m RL + 300m RL + 200m RL + 28.75m @ 280ppm Cu 950ppm Zn 12m @ 478ppm Cu r 300ppm Pb 1138ppm Zn 4.0g/t Ag 5.7g/t Ag 8.5% Mn 0.2% Mn 30% Fe 19% Fe from 68m from 60m to EOH Yeneena JV BM5 Tar
Slide 17: Corporate Information
Corporate Information Issued Capital: 69m Ordinary Shares 3m Employee Options Market Cap: $11.6m @ $0.17/share Cash (31/3/09): $2.7m 17
Slide 18: The Drivers for Investment…
The Drivers for Investment… Largest exploration landholder in the region that hosts Kintyre uranium deposit & Nifty copper mine. 10 million pound, near surface U3O8 Inferred Resource at Hillview Experienced and dedicated team - demonstrated rapid project progression Active explorer with an e
Slide 19: Disclaimer & Compliance Statement
Disclaimer & Compliance Statement This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and t