Eve Health Group Limited · ASX:EVE
Eve Health — Energy Ventures — Investor Presentation (February 2012)
20 slides from Eve Health's investor presentation, Feb 23, 2012
Slide 1: ASX cover letter: Investor Presentation February 2012
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 23 February 2012 The Manager ASX Market Announcements ASX Limited Exchange Centre, 20 Bridge Street Sydney NSW 2000 Via electronic lodgement Dear
Slide 2: Aurora Uranium Project, USA – Progress Update
Aurora Uranium Project, USA For personal use only Progress Update February 2012
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by and issued by Energy Ventures Limited (“Energy Ventures”, “EVE” or the “Company”) to assist it in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscrib
Slide 4: Uranium market outlook
Uranium market outlook For personal use only Downturn after Fukushima short-lived, fundamentals still strong Emerging markets demand more power and nuclear is still in the mix Nuclear expansion continues, driven by Asian demand: 62 reactors under construction, 156 planned, 343 currently proposed Chi
Slide 5: USA strategic advantages
USA strategic advantages For personal use only 104 operational nuclear reactors, capacity 100 GWe, ~20% of the US energy supply US EIA forecast 11% increase in nuclear power generation by 2035, including 10 GWe new capacity and additional reactor uprates Huge federal loan guarantees, increased R&D,
Slide 6: Uranium project locations
Uranium project locations For personal use only
Slide 7: Aurora uranium project
Aurora uranium project For personal use only Volcanic hosted uranium deposit in southeast Oregon, USA Well defined resource base of 38 Mlb U3O8 at 248 ppm eU3O8 Higher grade zone of 18 Mlb at 444 ppm eU3O8 Near surface, flat-lying geometry amenable to low stripping ratio open pit mine New metallurgi
Slide 8: Project location
Project location For personal use only Company base at McDermitt Strong local relationships Excellent infrastructure 272 federal lode claims (unpatented) ~1,700 acres development area Historical mining area Mainly federal lands administered by BLM, some State land
Slide 9: Long section and geology
Long section and geology For personal use only
Slide 10: Drilling status
Drilling status For personal use only 32 diamond drill holes completed for >9,200 feet PQ drilling Uranium grades and continuity confirmed Near surface mineralisation in flat-lying zones amenable to open pit mine Significant widths suggest potential for low stripping ratios Representative samples co
Slide 11: Resource summary
Resource summary For personal use only Resource of 38 Mlb @ 248 ppm eU3O8* Indicated Resource Inferred Resource Total Resource eU3O8 Mlb eU3O8 Mlb eU3O8 Mlb Resource Zone Mt Mt Mt ppm eU3O8 ppm eU3O8 ppm eU3O8 High Grade Zone1 18.4 444 18.0 - - - 18.4 444 18.0 Low Grade Zone2 47.3 179 18.7 3.6 151 1
Slide 12: Site overview
Site overview For personal use only Drilling Aurora deposit Processing Overburden access tracks and open pit area plant* stockpile* * Conceptual location only
Slide 13: Conceptual open pit
Conceptual open pit For personal use only Ground IP chargeability data 1,600 m Collected 1989 for Placer-Dome Reprocessed 2010 Untested anomaly at SE end of deposit 500 m
Slide 14: Project development
Project development For personal use only Diamond drilling program has confirmed resource grade and continuity, and provided new metallurgical samples Resource update in progress, incorporating recent EVE diamond drilling and newly acquired historical data (>100 drill holes) Preliminary metallurgica
Slide 15: Metallurgical testing
Metallurgical testing For personal use only Scrubbing and wet screening tests on composite drill core samples Separation of approximately 30% of the sample as a hard, coarse material containing around 10% of total uranium. Scrubbing attrition resulting in around 55% of total uranium mineralisation r
Slide 16: Metallurgical testing results
Metallurgical testing results For personal use only 30% of sample separated as coarse, low- grade material Potential for bulk mining of deposit and rejection of waste, with minimal U loss Upgrading of remaining mineralisation prior to leaching Potential reduction in crushing and grinding requirement
Slide 17: Aurora project outlook
Aurora project outlook For personal use only Potential for development in approximately 24 month timeframe, dependent on permitting process Low cost mining possible due to soft sedimentary rock overburden and low stripping ratio Simple ore scrubbing beneficiation process to upgrade mineralisation Ex
Slide 18: 2012 EVE rights issue
2012 EVE rights issue For personal use only Non-renounceable rights issue to existing eligible shareholders Details of offer: 1 for 7.5 pro-rata basis Issue price 3.5c ~45.2 million new shares Offer opened on 15th Feb and closes on 7th March Expected to raise $1.58m before costs if all entitlements
Slide 19: 12 month development strategy
6 month development strategy For personal use only Complete an update of resource estimate Advance feasibility studies with focus on mineralisation leaching characteristics and overall process circuit Initiate formal permitting process with US State and Federal authorities by submission of a Notice
Slide 20: Corporate structure & management
Corporate structure & management For personal use only Capital Structure (ASX) Board of Directors Ordinary Shares: 339,065,669 Alasdair Cooke, Executive Chairman Options: 17,410,000 Lachlan Reynolds, Managing Director Market Cap: A$17.6 million (31 Jan 2012) Bill Fry, Executive Director Cash & Liqui
Energy Ventures — Investor Presentation (February 2012) on 6ix