Slide 1: Corporate Presentation
MANHATTAN MANHATTAN CORPORATION LIMITED CORPORATE PRESENTATION Alan J Eggers Executive Chairman 20 July 2011 , Conference
Slide 2: Disclaimer
MANHATTAN MANHATTAN CORPORATION LIMITED DISCLAIMER
Slide 3: Competent Persons' Statements
MANHATTAN MANHATTAN CORPORATION LIMITED COMPETENT PERSONS’ STATEMENTS Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves - n
Slide 4: Brisbane Floods
BRISBANE FLOODS For personal use only 12 January 2011
Slide 5: Queensland Cyclone Yasi
QUEENSLAND CYCLONE YASI For personal use only 1 February 2011
Slide 6: Christchurch Earthquake
CHRISTCHURCH EARTHQUAKE For personal use only 22 February 2011
Slide 7: Japanese Earthquake
JAPANESE EARTHQUAKE For personal use only 11 March 2011
Slide 8: Japanese Tsunami
JAPANESE TSUNAMI For personal use only 11 March 2011
Slide 9: What Follows & Implications for Nuclear?
For personal use only WHAT FOLLOWS & IMPLICATIONS FOR NUCLEAR?
Slide 10: Japanese Earthquake & Tsunami: Fukushima Nuclear Plants - What Happened?
JAPANESE EARTHQUAKE & TSUNAMI For personal use only FUKUSHIMA NUCLEAR PLANTS WHAT HAPPENED? Plants hit by magnitude 9 quake and 15m tsunami Reactors automatically shut down Emergency cooling wiped out by tsunami Containment vessels were not breached No dangerous levels of radiation released
Slide 11: Fukushima Nuclear Plants: What Happened?
For personal use only FUKUSHIMA NUCLEAR PLANTS WHAT HAPPENED? All other infrastructure in the area failed contributing to the devastation and misery of nearby residents Nuclear plants were crippled Very serious situation that is now under control Exclusion zone precaution is required but needs to be
Slide 12: Lessons from Fukushima?
For personal use only LESSONS FROM FUKUSHIMA? All reactors require reliable post shut down cooling systems Generation III reactors have passive safety systems No intervention required Public need to be reassured about our industry and its record TEPCO, all operators, authorities & governments need t
Slide 13: Outcomes?
For personal use only OUTCOMES? NUCLEAR GENERATION & EXPANSION TO CONTINUE World’s media & popular press reporting of events questionable! World’s demand for clean base load power same World’s energy demand is doubling in next 20 years Fukushima plants use 0.7% world’s fuel supply NUCLEAR REMAINS A
Slide 14: Japanese Earthquake: News?
JAPANESE EARTHQUAKE For personal use only 11 March 2011 NEWS?
Slide 15: Minutes Program: Japanese Earthquake & Tsunami
JAPANESE EARTHQUAKE & TSUNAMI For personal use only 60 MINUTES PROGRAM Australia 19 June 2011 “MELTDOWN” Sensationalised & Exaggerated the Nature, Extent & Risk of Radiation Unbalanced & Biased Reporting Misrepresented Backgrounds of “Experts” (Greenpeace & UK World Disarmament Campaign) Radiation M
Slide 16: The Wall Street Journal
THE WALL STREET JOURNAL “Os “an ol Chernobyl burial last resort for Jap N-plant?
Slide 17: What's Happening in Australia?
For personal use only WHAT’S HAPPENING IN AUSTRALIA? Ponton
Slide 18: Old Mining Ban
OLD MINING BAN Does not affect coal exports BLIGH EXPORTING F322...
Slide 19: For personal use only
Queensland has the carbon footprint in Australia in absolute and per capita terms Nuclear power has emissions Uranium mining Is a emission activity Source: Office of Climate Change Queensland Govt, 2007
Slide 20: Uranium Resources
IRANIUM RESOURCES F 330 Construction WY © 230 Production | ™ 60 Others | Gf Rae Hy ele j _z=—" = © Westmoreland ay 4 _ Redtree 4 vane te rth A ainaila NO en OUNT ISA¥ HoneyPot 7 if Watta ” —— WA Bikini ~_|w/|800 Construction ¢ — Skal_- ‘6 180 Production | Andersons 170 Others ae) ° \ “ ’ x 200 Const
Slide 21: Sovereign Risk in WA?
SOVEREIGN RISK IN WA? For personal use only WA Labor continues to maintain policy of NO URANIUM MINING! Will their federal Labor counterparts intervene? WA LABOR’S STAND Increases Project Risk Creates Investor Uncertainty Fuels Negative Sentiment
Slide 22: Carbon Tax!!?
For personal use only CARBON TAX!!?
Slide 23: For personal use only
A ae * _g REY AMEX. RedRiver ELFEREP . REY 3M cannon WD Promet Engineers om fArtermnis Te eee Cu ay Mineral Deposits Cussamce A > pen [IRON OR | Larminco —}= bean BC IRON digirock aa AT PENNOCK, IMPACT ja GAUBXY can? cecmee LH CRON MAG MQ ee GED * = @ Prairie Downs wee Mog GENANS ICT ta, brockman MM
Slide 24: What's Happening in the Rest of the World?
For personal use only WHAT’S HAPPENING IN THE REST OF THE WORLD?
Slide 25: Euro Debt Crisis
EURO DEBT CRI$I$! For personal use only GREECE DEFAULTS? ITALIAN BONDS? SPAIN DEBT? PORTUGAL DEBT? WILL EU SURVIVE?? USA JAPAN IRELAND ICELAND?? WORLD EQUITY MARKETS? Threat to World Economy!
Slide 26: Current Share Price $0.31
For personal use only Current Share Price $0.31
Slide 27: Clean, green, safe and secure energy
Non-carbon, non-polluting clean, green, safe and secure energy of today & the future!
Slide 28: Nuclear Power: A Snapshot
NUCLEAR POWER The Next 20 Years A Snapshot Total Increase Countries with Nuclear Power 45 45% Installed Capacity (kKMW) 135% Number of Plants 95% Average Capacity (MW) 40% Currently; 260 research reactors, 220 nuclear powered ships and submarines Source: Alder and Reynolds, AusIMM Bulletin Feb 2010
Slide 29: Cost of Electricity Generation by Technology
COST OF ELECTRICITY GENERATION AUSTRALIA BY TECHNOLOGY (2015) LS Cost Range of Electricity Generation CO, Emissions [ Carbon Tax (est) NUCLEAR GEOTHERMAL HYDRO GAS WIND COAL WAVE & MARINE BIOMASS SOLAR 100 200 300 400 500 600 700 800 900 Cost MW / kg Carbon MW
Slide 30: Uranium Spot Price 2011
URANIUM SPOT PRICE 2011 CURRENT SPOT PRICE: $53.75 USS/Ib U30g $75 — _ FUKUSHIMA Earthquake hits Japan $70 $65 $60 $55 $50 $45 $40
Slide 31: Corporate Snapshot
For personal use only Business Focus Uranium Resource & Mine Development Directors Alan J Eggers Executive Chairman John A G Seton Director Marcello Cardaci Director Company Secretary Sam Middlemas Manager Corp Services Sue Rowles Issued Capital 91.1m Shares 2.2m ($0.20) Investor Options 10.1m ($0.6
Slide 32: Manhattan's Australian Projects
MANHATTAN’S AUSTRALIAN PROJECTS GARDNER RANGE \ ) NORTHERN (Tanami Region) TERRITORY Sry 0° ° QUEENSLAND PONTON PROJECT (Eastern Goldfields) * Double 8 * Stallion South + Highway South 7 *Ponton ii * Stallion-Highway-Shelf * Ceateion Hie + East Arm eo Manhattan Project Advance Project @ JORC Uranium
Slide 33: Ponton Project
PONTON PROJECT 2,140km2 TENEMENTS AND QUEEN VICTORIA SPRING NATURE RESERVE j Ponton Project Location Map DOUBLE 8 DEPOSIT 17.2 CJ 5 4 —— &) STALLION TBE 28/2088 % EASTARM = haan @ STALLION SOUTH | pi nia enue UEEN VICTORIA SPRING = eek, HIGHWAY SOUTH Q NATURE RESERVE |__| Exploration Licence Applica
Slide 34: Stallion - Double - Highway Drilling
STALLION - DOUBLE 8 - HIGHWAY DRILLING 4a > TA: KEY a a SHELF @ AY. sca SS8Le ___ PNC Drill Hole Mineralised . x s PNC Drill Holes 4 | _ MHC Drill Holes Uranium Deposit Uranium Project (mineralisation) STALLION oraeca ences — | Min ised Envelope >» he “" Py em survey } =a BB) em Defined channel ia .
Slide 35: Double Stallion Schematic Cross Section
DOUBLE 8 STALLION Schematic Cross Section
Slide 36: Stallion Sonic Core
STALLION SONIC CORE STALLION STSC1228 62m jaa Carbonaceous Sand Hosted Uranium Mineralisation a Se «ee — a | 4. om @ 432ppmUs08 Oe. ee <p ae PA, ot etna a 2 a ~~ » an a 1.0m @ 1,156ppmU303 62m 63m 64m
Slide 37: ISL Uranium Recovery - Low Environmental Impact
ISL URANIUM REGOVERY LOW ENVIRONMENTAL IMPAGT.
Slide 38: Australia Canada Namibia Uranium Resources
AUSTRALIA CANADA NAMIBIA URANIUM RESOURCES = 2,791,079 we 1] 4 > ° vn re 4 Lo] w = o =] ° a 52™ LARGEST IN WESTERN WORLD 30,000t U30z Resource H ; 8OfN SANNOL - S3D8NOS3Y/S3ANISIY 2 Gm 030 Ween WHAT WOaisi® ft ev tery R
Slide 39: Ponton Uranium Project: Project of State Significance
For personal use only PONTON URANIUM PROJECT Frojact of NebiongN aigninicanas INA? DOT e $130M Capital Expenditure WA Infrastructure & Technology Development e 5MIb U30g Production PA $300M Foreign Exchange Revenue PA @ $15M Royalties PA $20M GST Generated PA > e $8 to $10M Income Tax PA $5M Payroll
Slide 40: Ponton Uranium Project: Project of National Significance
PONTON URANIUM PROJECT sEroject onNationaliSigniticances EN EIKGOVACGKEEN fi OUSERGAOICSCA KB ONO Tao aD, 1lb U30g Energy 1,400t Coal or 6,000bb! Oil Equivalent e 5Mlb Uz0g 210Mt Coal or 900MbbI Oil Equivalent e Uranium 3 Tonnes Waste Carbon Fuels 500Mt Greenhouse Gas, Carbon & Toxic Waste
Slide 41: 2011 Upside
MANHATTAN MANHATTAN CORPORATION LIMITED 2011 UPSIDE @- Quality Uranium Deposits > Ministerial Consent to QVSNR > Double 8 Resource Drilling > Resource Drilling ® Stallion South ® Highway South ® Ponton >} Maiden Resource Estimates > \mproved Value $/Ib U308 > Rising Uranium Price
Slide 42: PS: Permitting!
For personal use only PS: Natural Disasters, World Debt Crises, Market Stability, Sovereign Risk, Taxes Political Decisions & Media Bias Permitting!
Slide 43: Risk of Fatality per Million Person Years
Smoking 20 cigarettes per day Motoring Accidents in the home Owning firearms Drowning Fire Electrocution Aircraft accident Unexpected reaction to medicine Lightning strike Snake bite Shark attack NUCLEAR INDUSTRY 0.1 0.13 0.065 0.018 0 20 40 60 980 100 120 140 Risk of Fatality per Million Person Yea
Slide 44: Thank You
MANHATTAN MANHATTAN CORPORATION LIMITED Thank You )) ASX: MHC www.manhattancorp.com.au