Energy Resources Of Australia Ltd. Class A · ASX:ERA

Energy Resources Of Australia Ltd. Class A — Melbourne Mining Club (December 2007)

30 slides from Energy Resources Of Australia Ltd. Class A's conference presentation, Dec 4, 2007

1. Slide 1: Providing Energy for the Future

   Energy Resources of Australia Ltd (ERA) Providing Energy for the Future Chris Salisbury — Chief Executive ae December 2007 ~_ TERA | TINTO

2. Slide 2: For personal use only

   For personal use only # # "! $ % ! "! ! # !

3. Slide 3: For personal use only

   For personal use only ,' )' *'+ &'( $ ! %

4. Slide 4: For personal use only

   & For personal use only Source: OECD/IEA World Energy Outlook 2007

5. Slide 5: For personal use only

   For personal use only Source: IEA, 2007 $ %

6. Slide 6: Nuclear power reactors worldwide

   & %' For personal use only 439 nuclear power reactors world wide, generating 16 per cent of world electricity

7. Slide 7: For personal use only

   For personal use only # # "! ! $ % "! ! # !

8. Slide 8: For personal use only

   ) For personal use only - -! ! )*0 )*0 $ $ 1 1' 2 '3 23 *4, *4,3 3$$ % * $ , ' ( % + " " " " **. .// **. .// 55 - -! ! 6 6 . .)) $ # #!! $ % % !! 7 7 ! ! ! ! 8 8 99 * Low Enriched Uranium – Typically 3–5% U235 ** Highly Enriched Uranium – >20% U235

9. Slide 9: For personal use only

   % For personal use only !! )115 $ 6 ,5- 0*1 *./-5037 6 < #=,1> -&' ? 7 Niger Namibia Russia Niger 8% 8% Kazakh 8% 9% Brazil Kazakh 14% 7% Sth 13% Other Africa East 5% 10% Australia Australia Other 19% 36% 11% Other Canada West Canada Uzbekistan 26% 8% 15% 3% # : ; 6 ; 7 - +

10. Slide 10: For personal use only

    %% For personal use only - % .! !!/ - %" % !!/ Canada 11,612 Cameco 9,479 Australia 8,936 KazAtomProm 5,813 Kazakhstan 6,169 Niger 3,674 Areva 5,267 Russia 3,856 ERA 4,748 Namibia 3,620 2,676 TVEL 4,009 Uzbekistan USA 1,950 Rossing 3,617 Ukraine 953 BHP Billiton 3,382 South Africa 635 Other 3,357 Na

11. Slide 11: Uranium price

    ) % % For personal use only $125 Price (nominal) $100 Price (real 2007 $) US$/ lb U3O8 $75 Nov Spot $93 $50 $25 $0 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 # : "

12. Slide 12: Uranium supply and demand

    ) %% For personal use only 180 WNA high case 160 140 WNA base demand 120 Tonnes ‘000 100 Prospective Supply 80 Planned Supply 60 Under development 40 Existing production 20 Secondary supplies 0 2005 2010 2015 2020 2025 2030 # :; 6 ; 7

13. Slide 13: For personal use only

    For personal use only # # "! ! $ % "! ! # !

14. Slide 14: Australian uranium deposits and mines

    % For personal use only Narb alek DARWIN Jab iluka Rum Jungle RANGER Koongarra Coronation Hill Westmoreland Ben Lomond Northern Valhalla Territory Mary Kathleen Manyingee Kintyre Queensland Western Angela Australia South Yeelirrie Australia BRISBANE BEVERLEY OLYM PIC DAM Honeymoon PERTH SYDNEY Victo

15. Slide 15: Ranger project area

    East Alligator vn 3 Magela Creek “South Alligator River Ranger Project Area

16. Slide 16: All Injury Frequency Rate

    % For personal use only All Injury Frequency Rate 8 ERA AIFR 7 Aust TRIFR Frequency rate per 200,000 hours 6 5 4 3 2 1 0 * 2002 2003 2004 2005 2006 2007 Year # : - ' A)112 B@%'

17. Slide 17: For personal use only

    For personal use only %

18. Slide 18: For personal use only

    For personal use only # # "! ! $ % "! ! # !

19. Slide 19: For personal use only

    —— —— a _—<£_——- Pit 3 extension ey _

20. Slide 20: For personal use only

    — - _—_-—- Pit 3 drilling intersects

21. Slide 21: Potential mine extension

    Potential mine extension — Current Pit Extension. 4 Area. Upper Mine Sequence Lower Mine Sequence

22. Slide 22: Development path and approvals

    ' 1 % For personal use only Statutory & Regulatory Approvals Traditional Owners and other stakeholders Water & Tailings Organisation & Resources 0 Comminution 2 Heap Leach 3 Hydromet Placement . Open Pit Multiple Pushbacks Max Mining rates Mining Rate . Underground

23. Slide 23: For personal use only

    For personal use only

24. Slide 24: For personal use only

    % % For personal use only &/ - )115 9 ,' &9 # ! *% ! 9 * $ " 9 &% ! 9 ! *9 09

25. Slide 25: For personal use only

    For personal use only # # "! ! $ % "! ! # !

26. Slide 26: For personal use only

    Dd c Y 3 2. iS Ay > oO a ~ 2 © £ © ted Oo) =) Vv)

27. Slide 27: For personal use only

    For personal use only % C )13 - ! ; C + ! $ C ! ! ! ! @ C # $ !! ! C @ C @ !! ! C ( @ $ &/3 ! D $ E$

28. Slide 28: Indigenous employees

    4 % For personal use only Total # of employees Indigenous employees 70 500 450 60 400 Indigenous employees 50 Total employees 350 40 300 250 30 200 20 150 100 10 50 0 0 2000 2001 2002 2003 2004 2005 2006 2007

29. Slide 29: For personal use only

    For personal use only )5 "! @ ; # "! !! "! ! ! !! !! . ! !

30. Slide 30: For personal use only

    For personal use only

Energy Resources of Australia — Melbourne Mining Club (December 2007) on 6ix