Slide 1: ASX cover letter for Mining 2006 presentation
Levei 1, 46 Partiament Place West Perth WA 6005 & PO Box 273 RESOURCES LIMITED West Perth WA 6872 P 08 9486 9455 ABN 47 109 815 796 F 08 6210 1578 www.encounterresources.com.au 2 November 2006 Company Announcements Office Australian Stock Exchange Limited 4" Floor 20 Bridge Street SYDNEY NSW 2000 De
Slide 2: Active Uranium Exploration
a @ G RESOURCES LIMITED Active Uranium Exploration Mining 2006 Conference Brisbane, Australia 1 November 2006 Will Robinson Managing Director ASX Code: ENR www.enrL coma OURCES LIMITED
Slide 3: Encounter Resources — WA Uranium
Encounter Resources — WA Uranium ¢ Extending known resources at Lake Way South ¢ Premier ground position around BHP’s Yeelirrie deposit, the world’s largest calcrete U deposit ¢ Experienced exploration team * Successful IPO - March 2006 * Active explorer
Slide 4: Agenda
Agenda Project Portfolio The Next 12 Months
Slide 5: Corporate Structure
Corporate Structure Issued Capital: 60m Ordinary Shares 0.2m Employee Options Market Cap: ~$25m Cash: $3.9m Top 20 shareholders: 66%
Slide 6: Australian Uranium Exploration Expenditure
Australian Uranium Exploration Expenditure 120 5 ; ; ALP 3 Mines Policy 100 4 e Gg 807 é | 1980 . . 9 Cobagooma Next phase of exploration 8 i © 604 i & 1972 4978 c Yeelirrie 3 Lake Way Mulga Rock 2005 = Beverley 4 Mile S 4971 = 404 Jabiluka 1975 a H Olympic Dam oneymoon Ben Lomond Maureen 1970 1874
Slide 7: Agenda
Agenda Encounter - WA Uranium Project Portfolio _ The Next 12 Months EY. a3 CES LIMITED
Slide 8: ENR Project Portfolio
ENR Project Portfolio Extending known resources at Lake Way South Satellite potential to BHP deposit at Yeelirrie Advanced drill ready projects at Throssell, Hillview, Lakeview Four unconformity style projects Bangemall Basin Pingandy Creek. sy Tete Singha «Renna \, OFFICER BASIN wossell, | Kitometr
Slide 9: Centipede resource extends onto Encounter's ground
Lake Way South Centipede resource extends onto Encounter’s ground * Extending a known resource * 12km of prospective drainage system *« Test radiometric trend over salt lake %, LIMITED Lake Way Uranium Deposit |) ; i ye , tenn ctl Hs (Nova Energy Ltd) . ee Radiant: ewceraly {uaniuen chanel) Centiped
Slide 10: Yeelirrie Channel
Yeelirrie Channel The premier ground position outside BHP’s Yeelirrie deposit, world’s largest ’ cr calcrete U deposit Potential for satellites to main deposit Bellah Bore East > Y im @ 2,1 11 ppm U,0, a) 525001 UO: at 4 200 hole drill program Oct 06 Kilometres Yeelirrie Channel Project Uranium Chan
Slide 11: ENR Project Portfolio
ENR Project Portfolio 1. Extending known resources at Lake Way South 2. Satellite potential to BHP deposit at Yeelirrie 3. Advanced drill ready projects at Throssell, Hillview, Lakeview 4. Four unconformity style projects Bangemall Basin Pingandy Creek. si fl wy) wer “| AWemna, Kitometres Project Lo
Slide 12: Throssell
Throssell Large untested radiometric anomaly with mapped calcrete *« 10km radiometric anomaly EZ8/A786 , * Major drainage system * Outcropping calcrete zones Kilomewes Throssell Project Uranium Channel Radiometric imag: OC LOO xX tURCES LIMITED : a Cae
Slide 13: Lakeview
Lakeview Newly identified palaeochannel position downstream of known uranium occurrences * Radiometric & geochemical anomaly * Gravity survey identified " £291877 palaeochannel position ee * Compelling diamond target 1VD gravity ‘contours on the regional magnetics
Slide 14: Hillview
Hillview Historic uraniuen mineralisation with higher grade potential * 15km long 100-200ppm U mineralised channel * Opportunity to identify higher grade pods <3 * Higher grade potential at Hillview East - ee = +200ppm eU,O, +200ppm eUO, Kilometres Hillview Project Tenement and Exploration Summary R
Slide 15: ENR Project Portfolio
ENR Project Portfolio 1. Extending known resources at Lake Way South 2. Satellite potential to BHP deposit at Yeelirrie 3. Advanced drill ready projects at Throssell, Hillview, Lakeview 4. Four unconformity style projects Bangemall Basin PILBARA CRATON Kitometres Project Location Plan ca LLCO TET CO
Slide 16: Bangemall Basin Projects
Bangemall Basin Projects . Strong geochemical anomalies on major unconformity * Geological setting for unconformity style uranium ¢« Multi-element dataset used for targeting * Discrete geochemical anomalies ee i y au . . ORR ENE EREEREEREEU EDEMA ie RESOURCES LIMITED
Slide 17: ENR Portfolio
ENR Portfolio Lake Way South Extending known resources Yeelirrie Satellite potential to BHP deposit Throssell, Hillview, Lakeview Advanced drill ready projects Bangemall Basin Unconformity style projects
Slide 18: Agenda
Agenda Encounter - WA Uranium Project Portfolio he Next 12 Months - y IMITED ai? RCES L
Slide 19: The next months
The next 12 months * Establish Caicrete Uranium Resources Lake based drilling at Lake Way South Next phase of drilling at Yeelirrie Channel Maiden drill programs at Throssell, Lakeview and Hillview ¢ Progress Unconformity Style Projects Define drill targets at four projects on the margins of the Ban
Slide 20: Encounter — An Active Uranium Explorer
Encounter — An Active Uranium Explorer shed a solid foundation: ‘Assembled project portfolio early _ _ ~ Four drill programs initiated since listing : Advance greenfields projects to | oS generate drill targets + New zones of mineralisation identified : ; ; aaa : : : : + Continue.to expand project p