Slide 1: Oregon Energy NRC Presentation (ASX cover letter)
LEVEL ONE 8COLINSTREET WEST PERTH WA 6005 For personal use only POBOX886 WEST PERTH WA 6872 TEL:+61 8 6465 5500 FAX:+61 8 6465 5599 ABN 89 106 523 611 02 May 2012 The Manager ASX Market Announcements ASX Limited Exchange Centre, 20 Bridge Street SYDNEY NSW 2000 via electronic lodgement OREGON EN
Slide 2: Aurora Uranium Project: Presentation to US Nuclear Regulatory Commission
For personal use only Oregon Energy LLC Aurora Uranium Project Presentation to US Nuclear Re egulatory Commission Lachlan Reynolds President May 1, 2012
Slide 3: Agenda
Agenda For personal use only • Introductions • Aurora Project overview • Project status • Development p schedule • Key issues
Slide 4: Project location
For personal use only Project location
Slide 5: Local access and infrastructure
Local access and infrastruccture cture For personal use only • Company base at McDermitt • Excellent infrastructure • 272 federal lode claims (unpatented) • ~1,000 acres development area • Historical Hi t i l mercury mining i i area • Mainly federal lands administered d i i d by b BLM, BLM some Stat
Slide 6: Aurora uranium deposit, looking southeast
For personal use only Aurora uranium deposit, looking southeast
Slide 7: Bretz mine workings, looking north
For personal use only Bretz mine workings, looking north
Slide 8: Project proposal
Project proposal For personal use only • Conventional open pit mine ▫ Approximately 6 Mt annual movement ▫ Near‐pit overburden stockpiles ▫ Progressive reclamation options beingg assessed • On‐site processing plant ▫ Approximately 2‐3 Mtpa capacity ▫ Approximately 2 Mlb U3O8 (or equivaleent) product
Slide 9: Proposed site development
Proposed site developmen nt For personal use only Drilling access Aurora deposit and Overburden O Processing Tailings t k tracks open pit it area S k il * St Stockpile* Pl t* Plant* I Impoundment* d t* * Conceptual location only
Slide 10: Conceptual project layout
Conceptual project layout For personal use only • Main site features: ▫ Open pit mine ▫ Overburden stockpile ▫ Processing plant ▫ Tailings g impoundment p • Approximate 1,000 acre envelope • Preliminary conceptual design • Large area of disturbance from mercury mining from 1916 to 1968 • 35 years of
Slide 11: Project status
Project status For personal use only • Technical: ▫ Resource well defined byy drillingg ▫ Metallurgical testing in progress ▫ Project design at very early stage • Environmental Studies: ▫ Golder Associates Inc. of Portland en ngaged ▫ Work plan for baseline studies currently being prepared • Permitt
Slide 12: Development schedule
Development schedule For personal use only • Formal feasibility study from mid‐20 012: ▫ Technical studies continue ▫ Open pit mine design and schedulingg ▫ Metallurgical optimisation ▫ Process plant design ▫ Tailings impoundment design ▫ Capital and operating cost assessmeent • Environmental baseli
Slide 13: Key issues for Oregon Energy
Key issues for Oregon Energy For personal use only • Scope of NRC jurisdiction over projeect • NRC’s C’ relationship l i hi withi h Oregon O statte agencies, i particularly i l l theh OOregon Department of Energy (ODOE) and Energy Facility Siting Council (EFSC) • NRC NRC’ss relationship with the Bur
Slide 14: Disclaimer
Disclaimer For personal use only This presentation has been prepared by and issued by Oregon Energy LLC (the Comp pany), a 100% owned subsidiary of Energy Ventures Limited, to assist it in informing interested parties about the Company and its progress. It should not be considered as a an offer or i
Slide 15: Thank-you
For personal use only Thank‐you. Thank‐you For more information, please see www.oregon‐energy.com