Slide 1: Company Presentation – Indaba Mining Conference 2010
For personal use only 2 February 2010 Companies Announcement Office Via Electronic Lodgement COMPANY PRESENTATION – INDABA MINING CONFERENCE 2010 Please find attached a copy of the presentation that will be made today by Peninsula Minerals Limited’s Executive Chairman Gus Simpson at the Indaba Minin
Slide 2: Pipedreams to Profits
For personal use only to Profits Pipedreams
Slide 3: Disclaimer
For personal use only This presentation is provided on the basis that the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Presentation is, or m
Slide 4: Competent Person
Competent Person 3 The information in this presentation that relates to Exploration Results and Exploration Potential at the Lance For personal use only Project is based on information compiled by Mr Jim Guilinger. Mr Guilinger is President of consultancy World Industrial Minerals and is a Competent
Slide 5: Capital Structure
Capital Structure 4 For personal use only Existing shares 1,376 million Options 361 million Market Cap $70.17 million Cash $7.94 million Daily turnover 3-14 million ASX Code PEN
Slide 6: Projects Summary
Projects Summary 4 120 km2 land holding For personal use only 13 projects with drill-defined mineralisation Averaged project grades up to 1,250ppm eU3O8 39-66m tonnes @ 500ppm-800ppm for 70 – 90m lbs U3O8 exploration target 618 km2 Land holding 7 project areas Exploration potential in quality uraniu
Slide 7: Key Milestones - Wyoming
Key Milestones - Wyoming Dec 2009: Commenced independent feasibility study For personal use only June 2010: Initial JORC compliant estimate at Ross and Barber Projects 2nd Half 2010: JORC compliant estimate at Ross and Barber of 12m -18mlbs 1st Half 2011: complete feasibility study at the Ross Proje
Slide 8: Key Milestones - Karoo
Key Milestones - Karoo For personal use only 1st half 2010: commence development drilling 2nd half 2010: independent scoping study 2nd half 2011: initial JORC compliant estimate 2nd half 2012: targeted JORC compliant estimate of ~30mlbs 1st half 2013: complete feasibility study 2016 - 2017: targeted
Slide 9: Lance Projects
Lance Projects 13 projects with drill-defined uranium For personal use only mineralisation 22 roll fronts extend for a combined linear strike length of 127 miles (207 km) Ross & Barber projects most advanced Ross & Barber exploration target 12 - 18m lbs Regional exploration target 70 - 90mlbs U3O8
Slide 10: Ross Project - Overview
Ross Project - Overview For personal use only 1,877 drillholes Results include: GT 53.5ft @ 432ppm eU3O8 2.31 6.5ft @ 1,638ppm eU3O8 1.06 3.5ft @ 2,172ppm eU3O8 0.76 Peninsula drilling focused on extending the known mineralisation
Slide 11: Ross Project - Roll Front Characteristics
Ross Project - Roll Front Characteristics Two stacked mineralised For personal use only horizons Sinuous roll front geometry producing a high ratio of U3O8 per km of strike Hydrologic testing demonstrates containment of mineralised aquifers necessary for ISR permitting Depths of mineralisation 500 -
Slide 12: Ross Project - Ore Zone Grade-Continuity
Ross Project - Ore Zone Grade-Continuity For personal use only >1,000ppm U3O8
Slide 13: Barber Project - Overview
Barber Project - Overview For personal use only 1,120 drillholes Results include: GT 15ft @ 3,837ppm eU3O8 5.8 23.5ft @ 1,156ppm eU3O8 2.72 7ft @ 3,810ppm eU3O8 2.67 Peninsula drilling focused on locating and delineating roll fronts Extensive roll fronts identified
Slide 14: Barber Project - Roll Front Characteristics
Barber Project - Roll Front Characteristics For personal use only Multiple stacked mineralised horizons Sinuous roll front geometry producing for high ratio of U3O8 per km of strike Depths of mineralisation 300 - 600ft (100 -180m) ideal for ISR
Slide 15: Hydrological Test work
Hydrological Test work Testing of drill core displays high permeability and porosity For personal use only Results confirm the applicability of the ISR mining method Permeability's averaging 2,400 millidarcies (mD) Porosities averaging 42% The targeted aquifer is exempt and test work proves its suit
Slide 16: Ross Project - Roll Front Confinement
Ross Project - Roll Front Confinement For personal use only base of upper confining layer 80ft top of Pierre Shale above basal confining layer Pierre Shale >2,000ft thick
Slide 17: Lance Projects – Development Model
Lance Projects – Development Model For personal use only Assuming 15mlb U3O8 JORC estimate Ross is 6 - 9 million short tons @ 500 - 700ppm U3O8 for 8 -12mlbs U3O8 Barber is 3 - 4 million short tons @ 700 - 900ppm U3O8 for 4 - 6mlbs U3O8 To build a ISR operation inclusive of: ion exchange facility ce
Slide 18: Lance Projects – ISR Schematic
Lance Projects – ISR Schematic Centralised Plant For personal use only IX Plant Mining c/o Lyntek, Inc. Lakewood, CO, USA
Slide 19: Ross-Barber Projects – Schedule
Ross-Barber Projects – Schedule For personal use only 2009 2010 2011 2012 Permitting Resource Definition Scoping study/ PFS/BFS Construction Commissioning Production Expanded Resource Drilling
Slide 20: Karoo Projects - South Africa
Karoo Projects - South Africa 6 project areas covering 1,986 km2 in the Karoo basin For personal use only Drill defined mineralisation at 3 of the 6 sites with average grades of 700 -1,400ppm U3O8 1,300 drill holes U and associated Mo mineralisation has been identified Airborne Radiometric survey an
Slide 21: Karoo Projects – Overview
Karoo Projects – Overview 2004 site selection based on uranium and molybdenum anomalies identified during the uranium exploration For personal use only boom of the 1970s and early 1980s. The Poortjie and Davidskolk member sandstones host the main known uranium deposits including: • Ryst Kuil 40m lbs
Slide 22: Karoo – Land Holdings
Karoo – Land Holdings For personal use only
Slide 23: Karoo – Regional Geology
Karoo – Regional Geology For personal use only Poortjie Teekloof Member Formation Moordenaars/ Loxton Members Abrahamskraal Davidskolk Formation Member Stratigraphic Column
Slide 24: Site - Overview
Site 22 - Overview radiometric anomaly For personal use only 2.8mlbs drill-defined U3O8 mineralisation GT-7 @ 1,480 ppm 718 percussion holes drilled by JCI 120 km2 of prospective Poortjie Sandstone mineralisation amenable to open-pit mining numerous un-tested uranium occurrences aerially extensive n
Slide 25: Site - Overview
Site 45 - Overview radiometric anomaly For personal use only 4.8mlb drill-defined U3O8 mineralisation @ 706 ppm 340 km2 prospective Davidskolk Formation 400 holes drilled by JCI mineralisation amenable to open-pit mining numerous un-tested uranium occurrences results from hand sampling programme pen
Slide 26: Site - Overview
Site 29 - Overview 0.6mlb drill-defined U3O8 For personal use only mineralisation @ 1,107 ppm 108km2 of prospective Poortjie Sandstone 176 holes drilled by Union Carbide drill-defined radiometric anomaly mineralisation amenable to open-pit mining numerous un-tested uranium occurrences aerially exten
Slide 27: Karoo Projects – Development Model
Karoo Projects – Development Model 2008 high resolution airborne radiometric and magnetic survey flown by Fugro over all six sites generated For personal use only 392 uranium occurrences The relationship between the location of the radiometric anomalies and the underlying geology and topography has
Slide 28: Karoo Projects – Process Schematic
Karoo Projects – Process Schematic For personal use only
Slide 29: Karoo Projects – Development Schedule
Karoo Projects – Development Schedule For personal use only 2010 2011 2012 2013 2014 2015 2016 2017 Site 22 & Site 29 Resource Definition (JORC conversion) Int. Scoping Study Internal Ext. Scoping study/ PFS/BFS Construction Commissioning Production Expanded Resource Ongoing Drilling
Slide 30: Peninsula
Peninsula Emerging uranium producer with established production pipeline For personal use only Potential to exploit 140 - 220mlbs U3O8 between Wyoming and Karoo regions Production commencing 2012 from Wyoming and by 2016/2017 from the Karoo Low CAPEX (Wyoming) Robust profit projections due to high U