Uru Metals Limited · LSE:URU
Uru Metals — 96th Minesite Forum (December 2013)
31 slides from Uru Metals's conference presentation, Dec 5, 2013
Slide 1: Presentation to the 96th Minesite Forum
Presentation to the 96th Minesite Forum 5th December 2013 Roger Lemaitre Chief Executive Officer
Slide 2: Important Regulatory Notice
Important Regulatory Notice The summary information contained herein has been provided by URU Metals Limited (“URU Metals” or the “Company”). No representation, express or implied, or warranty as to the accuracy or completeness of the information contained herein is made by any party and nothing con
Slide 3: Positioned for the Resurgence of the Nuclear Renaissance
POSITIONED FOR THE RESURGENCE OF THE NUCLEAR RENAISSANCE
Slide 4: The Board
The Board Roger Lemaitre CEO & Director • Geologist and Mining Engineer • Former Director of Global Exploration Projects at Cameco Corporation Jay Vieira Director • Securities Law and Corporate Finance experience • A Partner with the law firm Fogler, Rubinoff LLP David Subotic Director & Chairman •
Slide 5: Present Share & Financial Structure
Present Share & Financial Structure Capital Structure Significant Shareholders Listed on AIM Ticker:URU NWT Uranium (Niketo) 37.49% Shares in Issue 132,776,722 Global Hydro 12.80% Market Capitalization £2.8 Million Hargreaves Hale 8.34% Cash in Hand $0.5 Million Pension Financial Services 5.60%
Slide 6: Opportunistic – But we Like U
Opportunistic – But we Like U • In 2012, HEU represented 16% of Total&Forecast&Uranium&Demand&&& world U supply satisfying current reactor requirements. Mine&Produc9on&:&2013&:&2035& = 10% US electricity 3,000,000' 2,730,786' 2,715,906' • Global electricity demand forecast 2,500,000' to increase 76%
Slide 7: Project Locations
Project Locations Sweden Canada Nӓrke U-Oil Nueltin AU-U South Africa SAN Ni JV !7
Slide 8: Corporate Structure Summary
Corporate Structure Summary URU Metals Limited 100% 100% 70% * Nӓrke Oil-U South African Nickel Nueltin Lake Project Projects JV AU-U 74% 50% Zebediela Burgersfort Nickel Project Nickel Project 26% 50% Umnex Minerals Limpopo BSC Resources (Pty) Ltd (BEE) BEE Partner *Dependent on both Cameco options
Slide 9: The Närke Oil-U Project
THE NÄRKE OIL-U PROJECT AN ENGINEERING-METALLURGICAL FOCUS PROJECT Developing a world- class oil shale and uranium resource
Slide 10: Improved oil and metal extraction technologies quote
“IMPROVED OIL AND METAL EXTRACTION TECHNOLOGIES AND ENCOURAGING HISTORIC DATA PROVIDE US WITH A REAL OPPORTUNITY TO DEVELOP IT AND CREATE VALUE FOR SHAREHOLDERS.”
Slide 11: Global Uranium Resources by Deposit Type
Global Uranium Resources by Deposit Type 2000.00 Why the Alum Shales are a potentially important source 1500.00 of uranium production! Uranium Resources (000's t U) 1000.00 500.00 0.00 Alum Shale Potential Unconformity He Breccia Vein Volcanic Other
Slide 12: Närke Exploration Licenses
Närke Exploration Licenses • 6 exploration licences =7087 ha • 37 historic holes • Average 10.8 m of oil & uranium- bearing shales • 4-8% oil yield Swedish Gov’t Mining 1944-61 Produced.. • 159,100 m3 of petroleum = 1 million • 135-245 ppm barrels U3O8 • 418,400 m3 of fuel oil = 2.6 million barrels
Slide 13: Resource Potential
Resource Potential* Permit Shale Area Average Shale Uranium (ha) Shale Tonnage Content Thickness (million tonnes) (tonnes U3O8) Latorp 2,000 10.8 531.4 109,460 Kvarntorp 1,500 11.6 428.0 88,176 Bresâtter 290 10.8 78.3 16,130 Asker 1,700 10.2 433.5 89,301 TOTAL 1,471.2 303,067 • At 175 ppm U3O8 avera
Slide 14: Results of Oct 2013 Sampling
Results of Oct 2013 Sampling • Lots of Organic Carbon in the Details of Source Rock shale Evaluation and Fischer Assay • Right kind of kerogen Tests • Most of the oil is still in the • 16.6 – 21.1 wt% TOC rock • Type II Kerogens • Confirmed direct oil yield at • Production Index of 0.018 – 0.022 4.2
Slide 15: Shallow Mining Potential < 50 m
Shallow Mining Potential < 50 m Latorp Kvarntorp & Bresatter
Slide 16: Timetable for Närke
Timetable for Nӓrke November 2013 April 2014 – 2015 – April 2014 December 2014 • Preliminary Metallurgical Test and • Feasibility • Resource definition stage Scoping Study Study • Community Consultation and • SGS Lakefield to do lab • Complete Education program work conversion of • Complete EIS • Go
Slide 17: The Nueltin Lake Au-U Project
THE NUELTIN LAKE AU-U PROJECT Which part of the elephant do we have?
Slide 18: Nueltin – In Mining-Friendly Nunavut
Nueltin – In Mining-Friendly Nunavut Nueltin Lake 27,279 ha Athabasca Basin U District 250 km Sandybeach Au-U Zone Overview of URU Metals Limited – December 2013
Slide 19: Historic Exploration Work
Historic Exploration Work • Prospecting radiometric anomalies led to the discovery of proximal Au-U boulders that assayed up to 13.68% U3O8 and 2060 g/t Au. • 1998 - Cameco options the property in 1998 from former GSC geoscientists. • 2001-2007 – Mapping, prospecting, and geophysics. • 2008 – First
Slide 20: How Big??
How Big?? Multiple Intersections 8.98 g/t Au/5.95 m, N 1.43 g/t Au/2.33 m, 1200 cps peak within 1.13 g/t Au/8.7 m, 14.2 m of anomalous 0.23% U3O8/1.25 m, radioactivity 0.18% U3O8/1.8 m, 0.12% U3O8/1.5 m 0.11% U3O8/5.23 m 3.27 g/t Au/7.25 m, 1.27 g/t Au/6.25 m Induced Polarization Darcy’s Au-U Boulde
Slide 21: The Option from Cameco
The Option from Cameco • 1st Option – Spend $2.5 Million • After a Bankable Feasibility over 3 years to earn a 51% Study, and if Cameco retains a interest. 20% interest it will: • 2nd Option – increase stake to – Have a one-time option to purchase all uranium from the 70% by spending an additional p
Slide 22: Why Nueltin Lake?
Why Nueltin Lake? • Already discovered, but not known in the public domain. In the Sweet Spot A rare opportunity to define • Personal familiarity because of CEO’s former role at Cameco. the potential resource on a • Experienced management and new gold-uranium mineral technical team on U & Au discove
Slide 23: NI43-101 Report Recommendations
NI43-101 Report Recommendations 444000 444500 445000 00 E 3 50 L500 . • Recommended E $712,000 – 7-10 E hole drill program in Sandybeach N 6665000 6665000 T3 0 0 area • N Expand gold T 2 00 NLL-08-006 ! NLL-08-005 ! assaying on 4 NLL-13-G & H N 2008 holes NLL-08-003 ! T 1 00 4 • Future more NLL-13-I
Slide 24: South Africa Disseminated Nickel Projects
SOUTH AFRICA DISSEMINATED NICKEL PROJECTS ZEBEDIELA AND BURGERSFORT Developing the future of low-cost sulphide nickel mines
Slide 25: Disseminated nickel deposits quote
“DISSEMINATED NICKEL DEPOSITS HAVE THE POTENTIAL TO DO FOR NICKEL WHAT PORPHYRY COPPER DEPOSITS DID TO THE COPPER INDUSTRY IN THE 1980’S”
Slide 26: 2011 Global Nickel Producers
2011 Global Nickel Producers Production (‘000 t Ni) 1. OAO GMK Norilsk Nickel 286 2. Vale SA. 206 3. Jinchuan Group Ltd. 127 4. Xstrata Plc 106 5. BHP Billiton Ltd. 83 6. Sumitomo Metal Mining Co. 65 7. Eramet SA 54 8. Anglo American Plc 48 9. Sherritt International Corp. 35 10. Minara Resources Ltd
Slide 27: Zebediela Project Location
Zebediela Project Location • Project covers small farms only • Rail to smelter is on the property • 7 km NE of Mokopane • Power line on property • Proximal to the M1 motorway • 16 km from Anglo’s Mogalakwena Mine and immediately adjacent to Ivanplats Overview of URU Metals Limited – December 2013
Slide 28: Zebediela Phase I Drilling Results
Zebediela Phase I Drilling Results Overview of URU Metals Limited – December 2013
Slide 29: Zebediela Project PEA – June 2012
Zebediela Project PEA – June 2012 • NPV8 > US$1 Billion • 20 Mtpa mining rate – 25,000 t Ni • $708 M CAPEX=$0.53/lb • OPEX = $3.35/lb • 54% total Ni recovery from 30 pentlandite – 16% Ni Con 00 • m This “mini-project” would be in the world’s top 10 Ni mines • URU owns 74% of project • Currently in a
Slide 30: URU in Summary
URU in Summary • Diverse asset base located in geopolitically stable, mining jurisdictions • Positioned to take advantage of rising U prices • Exploration and development potential • Have two world-class deposits in its portfolio and a ‘new’ discovery with unknown growth potential. • Experienced Man
Slide 31: Questions
Questions Contact us at: URU Metals Limited – www.urumetals.com Suite 702 – 85 Richmond Street West Toronto, Ontario, Canada M5H 2C9 Tel +1 416 504 3978 Roger Lemaitre, CEO & Director + 1 416 892 2870 roger@urumetals.com In the United Kingdom: Ribeiro Communications Ana Ribeiro +44 (0) 7980 321 505