Slide 1: Deep Yellow Limited and Reptile Uranium Namibia
Deep Yellow Limited For personal use only and Reptile Uranium Namibia Updating the pipeline of projects in Namibia and Australia Forecast for Uranium prices in the mid- to longer term DYL strategies to establish itself as a uranium supplier Leon Pretorius
Slide 2: Disclaimer and Competent Person Statement
Disclaimer and Competent Person Statement For personal use only While technical information contained in this presentation is based upon an independent technical review, no representation or warranty is made as to the accuracy, completeness or reliability of the information in this presentation. com
Slide 3: Summary
Summary For personal use only • Technically strong pure Uranium Exploration Company • Advanced projects in Namibia and Australia • Well-funded with about A$34 million in cash and liquid assets • Top 10 shareholders hold ~60% (Paladin Energy largest at 19.61%) • Market Capitalisation ~ A$230 million
Slide 4: JORC Code Resource Summary – May 2010
JORC Code Resource Summary – May 2010 DEPOSIT CATEGORY TONNE Summary U3O8 ppm U3O8 (%) U3O8 (kg/t) U3O8 (t) U3O8 (lb) REPTILE URANIUM NAMIBIA For personal use only Omahola Project INCA * Inferred 10,000,000 402 0.0400 0.400 4,066 9,000,000 INCA * Indicated 6 000 000 6,000,000 392 0 0392 0.0392 0 3
Slide 5: Operations
Operations For personal use only • Namibia 4 EPLs 100% 3 EPLs 65% JV Toro • Australia (mostly 100%) Queensland Northern Territory
Slide 6: Reptile Uranium Namibia Tenement and Project Locations
For personal use only Reptile Uranium Namibia Tenement and Project j Locations
Slide 7: Reptile Uranium Deposit Type - Magnetite/Uraninite/Coffinite
Reptile Uranium Deposit Type - 1 Magnetite/Uraninite/Coffinite – Metasomatic Origin For personal use only • Grades to 3% over a metre, average grade required ~400 ppm • Acid processing plant. Recover both uranium and iron - magnetite for ferric and pyrite for sulphuric acid production • Host rock un
Slide 8: Reptile Uranium Deposit Type - Granite/Uraninite
Reptile Uranium Deposit Type - 2 For personal use only Granite/Uraninite unless oxidised – Intrusive Origin • Grades to 1% over a metre, metre average grade required ~400 400 ppm • Acid processing plant. Recover uranium only • Host alaskite with minor wallrock mineralisation and secondaries
Slide 9: Reptile Uranium Deposit Type - Palaeochannel/Calcrete/Carnotite
Reptile Uranium Deposit Type - 3 For personal use only Palaeochannel/Calcrete/Carnotite – secondary accretions • Grades to 1 1,000s 000s ppm over 10s metre, metre average grade required ~300ppm 300ppm • Alkali processing plant. Recover both uranium and vanadium • Palaeochannel better host ((and grad
Slide 10: Reptile Uranium Deposit Type - Aeolian Sand/Carnotite
Reptile Uranium Deposit Type - 4 For personal use only Aeolian Sand/Uncemented/Carnotite – secondary accumulation • Grades to 1,000s ppm over ~10 10 metre, average grade required ~150 150 ppm • Alkali or acid processing plant. Recover both uranium and vanadium • Organic carbon important. Natural sor
Slide 11: Namibian Summary
Namibian Summary • +15,000 15 000 holes drilled for +333 +333,000 000 metre For personal use only • JORC Code resources ~30,000 t U3O8 • PFS for f planned l d ~1,000 1 000 ttpa U3O8 • Environmental studies underway • Extensive mineral beneficiation and metallurgical studies completed • Exploration c
Slide 12: INCA Prospect - Upside Potential
INCA PROSPECT - Upside Potential Holes outside the detail (JORC) grid mostly only 100 m deep For personal use only
Slide 13: Inca Schematic Section
U q 7476400mN 7476500mN MAIN MINERALISED ZONE 3 \t INCA SCHEMATIC SECTION 488900mE [___] Granite LC] Gneiss = Granitised gneiss “magnetic granite” [_] Skarn and felsic gneiss LC] Marble V//] Uranium mineralisation HE rrimary magnetite-skarn +500ppm us0s [| Secondary and supergene +500ppm U308 “wm Sh
Slide 14: Queensland / Northern Territory
For personal use only Queensland Northern Territory
Slide 15: Napperby Project – Northern Territory
Napperby Project – Northern Territory • Toro Energy Ltd withdrew from option to purchase Napperby For personal use only tenements on 4 May 2010 • JORC Code resource totals 9.34 million tonnes at 359 ppm (0.036%) U3O8 at a cut-off grade of 200 ppm U3O8 for 3,351 tonne U3O8 • The JORC Code drilling co
Slide 16: Queensland: Focus on Leichhardt Trough & Eastern Ck Mafic Volcanics
Queensland For personal use only Focus on Leichhardt Trough & Eastern Ck Mafic Volcanics DYL Prospects: • Queens Gift • Slance • Conquest q • Isa West Project • Miranda • Leichhardt JV A25 - Big Dip Maiden JORC Code Resource of 1,540 tonne U3O8 at 420ppm will be increased in 2010
Slide 17: Forecast for Uranium prices in the mid- to longer term
Forecast for Uranium prices in the mid- to longer term For personal use only • Current nuclear power renaissance is real unlike the first one that was driven by 3 countries this one involves a broad spectrum of participation • Main drivers will be China,, India and Middle East and new build could do
Slide 18: DYL strategies to establish itself as a uranium supplier
DYL strategies to establish itself as a uranium supplier For personal use only • Concentrate on deposits and discoveries with best chance of success: - - No refractories - Openpit potential at ~400 ppm U3O8 for hardrock and ~300 ppm U3O8 for palaeochannel and sheetwash calcretes - Underground potent
Slide 19: Delivering as Promised
Deep Yellow Limited For personal use only and Reptile Uranium Namibia Delivering as Promised Leon Pretorius