Slide 1: Exploration Opportunities: Uranium and Beyond
Renaissance Uranium For personal use only Exploration Opportunities: Uranium and Beyond Paydirt’s 2012 Uranium Conference 29 February 2012 Presentation by David Christensen Managing Director Renaissance Uranium
Slide 2: Important notice
Important notice For personal use only Forward Looking Statements This Presentation may include statements that could be deemed “forward-looking” statements. Although Renaissance Uranium Limited (the “Company”) believes the expectations expressed in such forward-looking statements are based on reaso
Slide 3: Corporate
Corporate For personal use only • ASX code RNU • Shares on issue 113,250,000 Fukishima • Options 13,550,000 (@ $0.24) 100% RNU.ASX USA.ASX 90% • Share price $0.072 * 80% 70% • Market capitalisation $8.2 million * 60% 50% • Cash (31 Dec 11) $6.6 million 40% 30% 20% • Top 20 shareholders 14 Mar 18 Apr
Slide 4: Highlights
Highlights For personal use only • Listed in December 2010 o $8 million raised in oversubscribed IPO o Focus: sandstone-hosted uranium, IOCGU • 2011: target definition and initial drilling o Cutana: shallow, near-term gold o Pirie Basin: sandstone-hosted uranium and IOCGU o Gairdner: IOCGU and epith
Slide 5: Projects Overview
Projects Overview For personal use only • Large gold, uranium and base metal tenement position in South Australia and the Northern Territory • 2011: Transition from greenfield to drill- phase • Olary Province and Gawler Craton: well- suited to RNU strategy for mineral exploration Highly enriched min
Slide 6: Cutana Project Overview
Cutana Project Overview For personal use only • Location: Southern Curnamona Province (SA) • Tenement: EL 4394 (100%) • Area: 282 km2 • Target: Gold and uranium located in Proterozoic basement • Exploration model o Basement under shallow cover o Close-spaced multi-element soil sampling Cost-effectiv
Slide 7: Cutana Project: Target generation – gold prospects
Cutana Project Target generation – gold prospects For personal use only • Multi-element sampling over major interpreted structures at 200 metre intervals • 50 to 100 metre sampling over anomalous zones • Five high priority gold targets identified north and southwest of Exco and Polymetal’s White Dam
Slide 8: Cutana Project: Drilling to-date
Cutana Project Drilling to-date For personal use only • 4,000 metre reverse circulation drill program underway • Three of five gold prospects drilled • Best results from Heinrichs (partial) o Hole 11RCTRC09 Modest grades -- 4m @ 0.35 g/T Au (from 6 to 10m) and 12m at 0.23 g/T Au (from 20 to 32m) Con
Slide 9: Cutana Project: Pinery Prospect – regional sampling
Cutana Project Pinery Prospect – regional sampling For personal use only • Significant new gold anomaly from expanded sampling program • Maximum value of 37 ppb Au • ~1,500m x 300m area with multiple anomalies o Open to East (200m from sampling to EL boundary) • Highest tenor prospect to date Cutana
Slide 10: Cutana Project: Pinery Prospect – infill results
Cutana Project Pinery Prospect – infill results For personal use only • Infill sampling confirms coherent, strong gold anomaly • Maximum value of 53 ppb Au • ~2,000m x 500m Soil sampling results from Exco and Polymetal’s White Dam gold deposit (Brown and Hill, 2007) area with multiple anomalies • So
Slide 11: Cutana Project: Expansion potential
Cutana Project Expansion potential For personal use only Cutana and Outalpa project areas • Outalpa Project: 287km2 • Cutana Project: 282 km2 Renaissance Uranium 11
Slide 12: Pirie Basin Project Overview
Pirie Basin Project Overview For personal use only • Location: Southern Gawler Craton (SA) • Tenements: EL 4400 (100%), EL 3978 (earning 75%) • Area: 734 km2 • Target: Sandstone-hosted, ISR uranium and IOCGU • 2011: gravity and 4,300 metre drill program o Initial primary target: Samphire-style, ISR-
Slide 13: Pirie Basin Project: Comparison to Samphire uranium deposits
Pirie Basin Project Comparison to Samphire uranium deposits For personal use only • Samphire: 42 million pound JORC inferred resource (USA ASX release 27 Oct. 11) • Two ore bodies north of RNU’s project area • Owner, UraniumSA (ASX: USA), in development phase • Recent USA reports (from USA ASX relea
Slide 14: Pirie Basin Project: First-pass drilling
Pirie Basin Project First-pass drilling For personal use only • RNU’s maiden drill program (March – June 2011) o Within primary 10 x 30 km target zone, 26 rotary mud holes completed at 2 km intervals • Thick sequences of ISR-amenable sands o Eocene sands and Miocene calcareous sands in all 26 holes
Slide 15: Pirie Basin Project: Glensea Prospect
Pirie Basin Project Glensea Prospect For personal use only • Reconnaissance drilling in 2011 intersected strongly elevated copper o 12m at 0.42% copper in weathered basement o Proximate to historical copper occurrences • Follow-up core drilling confirms IOCGU potential o Hematite alteration and vary
Slide 16: Gairdner Project Overview
Gairdner Project Overview For personal use only • Location: Central Gawler Craton (SA) • Tenements: EL 4675 (100%), EL 4836 (earning 80%) • Area: 1,072 km2 • Targets: IOCGU, epithermal silver • Exploration model: o Untested, high-amplitude magnetic anomaly o Lower Gawler Range Volcanics Gairdner Pro
Slide 17: Gairdner Project: Magnetic targets
Gairdner Project Magnetic targets For personal use only • EL 4775: Kokatha and Chitanilga magnetic anomalies o Strong magnetic relief o Parallel to the inferred margin of intrusive Hiltaba granites o IOCGU/skarn-style target • New joint venture ground (EL 4836) includes “Border Mag” o Moderate ampli
Slide 18: Gairdner Project: Epithermal silver potential
Gairdner Project Epithermal silver potential For personal use only • Geologic setting: Lower Gawler Range Volcanics • Comparable to Investigator Resources’ (ASX: IVR) Paris epithermal silver project • Historical surface sampling from Gairdner: 150 ppm Ag • Next steps: systematic, multi-element soil
Slide 19: Tanners Dam: Volcanic-hosted uranium
Tanners Dam Volcanic-hosted uranium For personal use only • Location: Central Gawler Craton (SA) • Tenement: EL 4814 (100%) • Area: 365 km2 • Exploration model: o Streltsovska style (world- class Russian uranium region: +500 million pounds) o Volcanic complex defined by high flourite and uranium Tan
Slide 20: Year ahead 2012
Year ahead 2012 For personal use only • Prospect drilling for significant value enhancement o Gold: Pinery and Heinrichs prospects o IOCGU: Glensea and Gairdner o Epithermal silver: Gairdner o Uranium: Pire Basin and Tanners Dam • Additional value enhancers o Active reconnaissance exploration o Grow