Slide 1: AMEC Congress
For personal use only ASX : ENR AMEC Congress Perth WA 21-22 February 2009 1
Slide 2: Summary
Summary Uranium, Base Metals and Gold For personal use only 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 Bange
Slide 3: People
People For personal use only 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 For personal use only 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
Slide 5: Yilgarn Uranium
Yilgarn Uranium A future production centre for uranium – ENR well positioned For personal use only 5
Slide 6: Hillview Project
Hillview Project Large scale calcrete hosted uranium deposit For personal use only • 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 mineralisat
Slide 7: Project Portfolio
Project Portfolio For personal use only 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
Slide 8: Unconformity Uranium Districts
Unconformity Uranium Districts For personal use only 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 La
Slide 9: For personal use only
Paterson Province 95% For personal use only • Immature exploration field • Extensive sand cover • No systematic uranium exploration 5% • Underexplored copper potential 9
Slide 10: For personal use only
Paterson Province For personal use only • 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
Slide 11: The BM1 Target
Paterson Province For personal use only 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
Slide 12: BM1
Paterson Province – BM1 For personal use only 12
Slide 13: BM1 cross section
Paterson Province – BM1 For personal use only A A’ 13
Slide 14: The BM5 Target
Paterson Province The BM5 Target : For personal use only • 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: BM5
Paterson Province – BM5 For personal use only 15
Slide 16: BM5
Paterson Province – BM5 For personal use only 16
Slide 17: Corporate Information
Corporate Information For personal use only 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… For personal use only 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 Act
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 For personal use only professional opinion only and is given in good faith. Certain information in this document has been derived fr