Asarian Energy Limited · TSX:ARN
Asarian Energy — Forsys Metals — Investor Presentation (March 2011)
25 slides from Asarian Energy's investor presentation, March 2011
Slide 1: Corporate Presentation March 2011
Corporate Presentation March 2011 Primary Listing - 1. “FSY” 1 TSX + “F2T” Frankfurt “FSY” NSX www.forsysmetals.com
Slide 2: Cautionary Note Concerning Forward Looking Statements
Cautionary Note Concerning Forward Looking Statements Some of the statements contained in the following material are forward looking statements and not statement of facts. Such statements are based on the current beliefs of management, as well as assumptions based on management information currently
Slide 3: Forsys Metals Corp.
Forsys Metals Corp. A focused and growing Canadian company active in commodity diverse Namibian exploration programs for over 7 years The Future with Forsys… • To develop the 100% owned Valencia Uranium project and achieve commercial production of uranium • To report a NI 43-101 compliant resource a
Slide 4: Exceptionally Well Positioned
Exceptionally Well Positioned Attractive Sector Dynamics Uranium Expansion Future World Potential with Class Asset Gold Upside Fully Permitted Experienced Project Ready to Management Launch Ideally Located with Infrastructure Issues Addressed 4
Slide 5: Company Overview
Company Overview • Exploration and development company in the business of advancing projects in Namibia • 100% ownership of the Valencia Uranium Development, one of the world’s premier early stage uranium projects • 70% interest in Namibplaas Uranium Exploration Project, 7km from Valencia • Other as
Slide 6: Forsys Metals - Company Timeline
Forsys Metals - Company Timeline 2004 • September – Forsys obtains listing on the TSX Venture Exchange 2005 • July – Forsys acquires 90% interest in the Valencia uranium deposit in Namibia 2006 • October – Forsys commences trading on The Toronto Stock Exchange • March – Forsys acquires the remaining
Slide 7: Attractive Sector Dynamics
Attractive Sector Dynamics • Spot price over US$70lb and Salman Partners Global Uranium Supply/Demand Balance 000s lbs U3O8 currently forecasts U3O8 prices entering 2012 at over US$100/lb 75,000 350,000 • 443 Commercial Reactors operating in 30 countries, with 62 reactors under construction, 158 50,
Slide 8: What Sets Valencia Apart
What Sets Valencia Apart • Namibia is a mature, stable mining jurisdiction – a proven uranium mining environment Recently Fitch Ratings revised Namibia’s outlook to positive from stable Rio Tinto’s - Rössing (one of the largest opencast Uranium mines in the world, contributing 8% of world supply) Pa
Slide 9: A Future World Class Asset
A Future World Class Asset Top 10 Global Uranium Producers (Valencia base case before upgrade & Namibplaas potential) Tonnes U3O8 7,339.0 4,444.0 3,520.0 3,004.0 2,955.0 2,272.0 1,808.0 1,769.0 1,447.0 1,435.0 McArthur River Ranger Rössing Krazbokamensk Olympic Dam Tortkuduk Arlit Valencia Rabbit La
Slide 10: Development Case Production Profile - Valencia
Development Case Production Profile - Valencia Production Profile • Development is likely to expand U3O8 MMlbs / year metal to 73 mlbs with a low level of 5 incremental Capex (from $350 million to $440 million) to increase plant 4 throughput and improved economics • Recent expansion program drilling
Slide 11: Large Resource and Reserve Base
Large Resource and Reserve Base Summary of Valencia Uranium Mineral Resources and Reserves Ore Grade U3O8 U3O8 Metal Category (MMt) (ppm) (MMlbs) Resources at U3O8 Cut-Off 60ppm Measured 21.0 161 7.4 Indicated 219.6 144 69.8 Total Measured and Indicated Resources 240.7 146 77.2 Inferred 30.0 144 9.5
Slide 12: Fully Permitted Project Ready to Launch
Fully Permitted Project Ready to Launch Valencia Permit Summary Permit Issued By Environmental Clearance —Valencia Village Ministry of Environment and Tourism Accessory Works Ministry of Mines and Energy Mining Licence Ministry of Mines and Energy Environmental Clearance Ministry of Environment and
Slide 13: One of the World’s Premier Mining Locations
One of the World’s Premier Mining Locations Areva Namibplaas Project Valencia Uranium Mine Rio Tinto Paladin ML 149 13
Slide 14: Current State of Infrastructure
Current State of Infrastructure • Water Supply • The desalination plant with participation of national bulk water utility NamWater will supply Valencia’s needs • Water supply for construction phase will be conveyed using an approved temporary 31 km pipeline • Power Supply • 30 km of transmission lin
Slide 15: Focused and Experienced Management
Focused and Experienced Management • Forsys benefits from a strong management team with a deep understanding of the mining sector and African business environment • Key executives have extensive experience working in Africa in developing and operating successful mining ventures • Chairman Martin Row
Slide 16: Namibplaas Uranium Project – 70% Forsys owned
Namibplaas Uranium Project – 70% Forsys owned • Positive results from the 2010 drilling program from 39 percussion drill holes and 19 diamond drill holes (13,500 metres). 24 of these holes encountered significant intersections of greater than 200 ppm U3O81 • 2011 drilling program approved and underw
Slide 17: Ondundu Gold Project
Ondundu Gold Project • 100% Forsys owned – Option agreement with Angus Mining Namibia • Located in the Erongo Region, Namibia • Open pittable shallow dipping stratiform deposit • Historical non 43-101 resource of approximately 500 KOz of gold (4.5 MMt at 3.387 g/t) • Exploration and resource definit
Slide 18: Moving forward….
Moving forward…. • The company’s senior management is actively seeking equity and non-equity financing for the development of the company’s flagship wholly-owned Valencia Uranium Development with strategic investors and financial advisors • Undertake an optimization project for the Valencia Uranium
Slide 19: Appendix
Appendix FORSYS METALS 19 \f VALEN CIA ¥
Slide 20: Corporate Profile
Corporate Profile Executive Management • Martin Rowley Chairman Share Price Performance Last 6 Months (to 2011-02-28) • Marcel Hilmer Chief Executive Officer Volume Close • Craig Bamford Chief Financial Officer $4.00 2,500,000 • Dr. Roger Laine Chief Geologist $3.50 Market Details 2,000,000 $3.00 •
Slide 21: Designed Pit with Reserve/Resource
Designed Pit with Reserve/Resource NW SE Red - Higher Grade Green - Lower Grade Blue - Mineralized Waste 21
Slide 22: Infrastructure Map
<> ~ Réssing Mining » Licence OE ee Valencia MiningLicence — — Namibpiaas SS/REM > Ps laas \V VALENCIA URANIUM (PTY) LIMITED
Slide 23: Valencia Site Layout
Valencia Site Layout VALENCIA URANIUM (PTY) LIMITED
Slide 24: Block Flow Diagram Milling
Block Flow Diagram Milling SAG MILL 24
Slide 25: Contact
Contact Investor Relations: Miranda Smith Telephone: 647-258-9721 Email: msmith@forsysmetals.com Corporate Office Forsys Metals Corp. 20 Adelaide Street East Suite 902 Toronto, Ontario Canada M5C 1T6 Telephone: 416-367-4242 Fax: 416-367-0598 Email: info@forsysmetals.com Website: www.forsysmetals.com