Slide 1: Bannerman Resources
[—} had — i= ap RESOURCES
Slide 2: Forward looking statements
This presentation includes certain statements that may be deemed to be “forward looking statements”. All statements that refer to any future production, resources or reserves, exploration results and events or production that Bannerman Resources Ltd (“the Company”) expects to occur are forward looki
Slide 3: ASX listed company exploring advanced uranium project
ASX listed company exploring advanced uranium project Major projects located in Namibia . Adjacent to the.Rdéssing and.Langer Heinrich uranium mines Additional uranium projects in neighbouring Botswana Great exposure to the rising uranium market Interim Resource just released. First deposit, to be d
Slide 4: Directors and options
Alastair Clayton, So Non-Executive Chairman Peter Batten. - : . Managing Director Clive Jones 7 os ‘Non-executive Director “Stephen Brockhurst Non-executive DirectoriCompany Secretary 6.67c Options ~ : 6.67 cents 31 May 2007 Directors / Vendors/ Staff . ~ Range 10 to 240 cents Varying Vendor — Namib
Slide 5: Reactors currently operating; uranium supply vs demand
442 Reactors Currently Operating .___Uranium mine supply vs demand “it~ Broducing 16% of the worlds ~~ electricity in 31 countries 7 1D 13 16 19 Current Reactor Demand France Japan Russia 6% Germany 6% South Korea 5% United States 26%
Slide 6: Three Uranium Provinces
Sannceman Pueanee HORT REARS Three Uranium Provinces. NAMIBIA - Goanikontes / Swakop Adjacent to. the Rossing and Langer Heinrich uranium mines 80% Bannerman : BOTSWANA - Serule / Dukwe Adjacent to the Mokobaesi Uranium Deposit 100% Bannerman WESTERN AUSTRALIA _ White Ring (U) Bannerman diluting to
Slide 7: Namibia regional geology and permits
AMaAsie Oow dH he sit a Swakop River Two.highly prospective projects: Goanikontes & Swakop River. Goanikontes . Along strike.of the Rossing U mine. Prospective for primary Alaskite hosted U mineralisation Swakop River Surrounds Langer Heinrich U-mine. Highly prospective for calcrete hosted secondary
Slide 8: Goanikontes anomalies
amon. Anomaly A i | Goanikontes Newly discovered untested Structure, 15km long -Reprocessed government data_ Normalized for geology, topography and signature Alaskite U/Th ratio .. Highlights >35 kms of highly U- anomalous Alaskite stratigraphy. -Goanikontes Anomaly ‘A’ continues. under cover.around
Slide 9: Goanikontes Anomaly A
SEES) ASawumt tenets Seer | eon, GOANIKONTES | | ANOMALY ‘A’ a] Hswicvorum || ot New resource estimate of 27M Ibs U;0, ‘in top.80m at Anomaly A m 20 kilometres SW of Réssing ; No work for over 20 years Database of >250 drillholes for . Goanikontes Anomaly A ™ A target of 150 to 200Mt* sought at just
Slide 10: Historic drilling at Anomaly A
iM Drilling 19764978 Ee. Open ‘Percussion ~ ‘Barren DriHing © Mingraised Debi © Sigrificart minoralieed Biiliag ; (selected zones shown) _— " , : : TE O2An conlou ie tet ‘Alaskite’ hosted primary mineralisation — 2 Minctaiend envio Rossing style mineralisation. Also similar to Forsys . Valencia depo
Slide 11: Gamma survey correlation and historic data validation
Correlation between Gamma Downhole digital photo Ray Spectrometer Survey and Historical Log Historic data validated: . Twinned diamond core drilling : + Infill RC drilling + Downhole spectrometry Drill hole 96-2000 Depth = Gamma K u a . Downhole digital photography ||| +. Relogging of historic. core
Slide 12: Goanikontes Anomaly A drill section
Goanikontes Anomaly A Area 7 - Section ad Values - U3O8 “from 314m ‘Goanikontes Anomaly A Drill Section 94 (7 488 650 N) "Good correlation between historic and Company's recent drilling ia Alaskite hosted mineralisation shown to extend to depths >300m "Better Drill Intercepts (U,0,); BMN “HISTORIC 4
Slide 13: Resource block model
BAUNERUIAN Resource Block Model 748900DN il ~ Inferred Resource: 56Mt @.219 ppm for 27Mibs U,O, Resource modeled to an average depth of 80m constrained to alaskite units... a Lower grade cut off of 100ppm used based upon commodity prices and industry standards. . (Réssing: 100ppm, Forsys: 8O0ppm) ..
Slide 14: Stacked mineralised alaskites
Stacked mineralised Alaskites 2 (view looking south) id Orebody comprises multiple stacked ~alaskite units ® Variable leaching observed near-surface " ~ Better grades and widths occur at base of the current resource model i Alaskites show strong continuity below base of current resource ” Base of cu
Slide 15: Processing Facilities
a Processing Facilities {
Slide 16: Rapidly progressing towards production
Finalieed _.. Rapidly progressing towards production — ey
Slide 17: Uranium oxides at surface, RC drilling
Uranium oxides at surface ‘ RC Drilling
Slide 18: Exploration targets at Goanikontes
+ 2.x 2km tong each Target 22M Ibs U308 Rossingburg “43”. “~km long Target 22M Ibs U308 ‘Ombepo’ 2km long, ~100m wide Target 22M tbs U308 ‘Onkelo’ 2 Bodies; 1.2 & 3km Jong, ~100m wide each Target 22M ibs U308 _[GoamiKonTes ANOMALY Anomaly ‘A’ 1.7km long, 100m wide Target 100M Ibs U308 “Réssing” posi
Slide 19: Swakop River licence
Surrounds Paladin Resources Ltd’s LANGER HEINRICH U deposit. i Extensive palaeochannel target. Uranium documented in calcretised : sediments at Elspe. . : ~Extensive primary U bearing source rocks (Alaskites) in hinterland. Same source rocks, host rocks and _mineralising events as at Langer Heinrich
Slide 20: Dukwe and Serule, Botswana
DUKWE “U Targets Camotit . sos . oe a 9° expocod i Mineralisation associated with secondary calcrete deposits Targeting carnotite mineralisation identified by Falconbridge in the 1970s. - No work over last 20 years ™ More than 20 kms of untested palaeodrainage systems No ‘drilling ever conducted SER
Slide 21: Independent democratic African nations
"Independent democratic African nations “Politically stable < Windhoek, Walvis Bays Excellent infrastructure Established and diverse mining industries “Namibian mines include; Tsumeb (base metals), Rossing (U), Skorpion (Zn) plus offshore diamond production and new uranium developments.at Langer Hei
Slide 22: Advanced uranium projects in a major producing province
Advanced Uranium projects located in ones of the. ~ world’s major producing uranium province Project rapidly advancing towards production - Excellent location for exploration and mining Aggressive programmes underway.
Slide 23: Uranium production by company; share price performance
eae > tee HOARE ABER [ceo Uranium production by company | Share Price Performance mining & resources SINE EWES TS, & neon an ‘Output 1% share oF BANIERMAN RESGURCES LRATED CEMA} Sompany (10, 2005) votal aoe Caineco. 3278 20 ase Rio Tinto 5683 3 soo ase Arava Resources| 8174 42 & : B 106 KazatomProm