Slide 1: Core : CXO – Uranium Session SAREIC Conference
Core : CXO and Uranium Session SAREIC Conference Adelaide 13th April 2015
Slide 2: Disclaimer
Disclaimer The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd who is a member of the Australasian Institute of Mining and Metallurgy and is boun
Slide 3: Active NT exploration and SA uranium projects
Active NT exploration and SA uranium projects NT QLD Albarta copper and base metals SA Fitton uranium N 3
Slide 4: Core's uranium projects
Core’s uranium projects • Core has made an outstanding discovery of high grade uranium on the 100% owned Fitton Project in South Australia • Core’s Fitton drilling in 2012 & 2013 intercepted exceptionally thick and high grade uranium • Significant “new” discovery with genuine upside • Fitton is loca
Slide 5: Fitton uranium discovery
Fitton uranium discovery • Core’s uranium discovery at Fitton only 25km 300,000mE 350,000mE 400,000mE from 3 operating uranium mines 6,700,000mN • Proven world-class uranium mining district: Scott Lee (60m@500ppm U3O8) » Beverley Mine » Beverly North Mine New Four Mile North East (70-80Mlb U3O8) » F
Slide 6: Fitton: one of the best uranium discoveries
Fitton: one of the best uranium discoveries Core’s exploration work and drilling to date at Fitton has now confirmed that : • uranium mineralisation outcrops (up to 0.30% U3O8 at surface) • uranium mineralisation has high grade at depth (up to 4m @ 0.31% U3O8) • indications of uranium mineralisation
Slide 7: Scott Lee Prospect
Scott Lee Prospect • Host structure associated with mineralisation consistently intersected Drill section over 1km Drill section • Structure open to both east and west and at depth • Many additional structures close to major unconformity in the region to test 7
Slide 8: Scott Lee drill results
Scott Lee drill results Hole SLRC017 21m @ 384ppm (0.04%) U3O8 from 40m Inc. 6m @ 978ppm (0.10%) U3O8 from 54m Hole SLRC022 19m @ 487ppm (0.05%) U3O8 from 79m Inc. 6m @ 1,112ppm (0.11%) U3O8 from 89m Hole SLRC028 60m @ 482ppm (0.05%) U3O8 from 53m Inc. 35m @ 750ppm (0.08%) U3O8 from 53m Inc. 4m @ 3,
Slide 9: Thick and high-grade uranium
Thick and high-grade uranium 6,686,950mN 6,686,900mN 6,686,850mN 6,686,950mN 6,686,900mN 6,686,850mN 7 1 01 North South North South 02 RC RC SL 012 SLRC SL 2 3 8 02 00 00 RC RC RC RC 1 029 SL 01 SL SL SL RC SLRC SL 028 150mRL 1m@355ppm U3O8 from 25m 150mRL 11m@103ppm U3O8 from 21m 21m@384ppm U3O8 fr
Slide 10: CXO has substantial tenure position
CXO has substantial tenure position 300,000mE 350,000mE 400,000mE 6,700,000mN Scott Lee (60m@500ppm U3O8) New Four Mile North East (70-80Mlb U3O8) Four Mile Mine (71Mlb U3O8) Beverley Mine (46Mlb U3O8) Mt Gee (69Mlb U3O8) 6,650,000mN Beverley North Mine (8.8Mlb U3O8) Area reserved from mining 0 20 V
Slide 11: Includes new roll front uranium targets
Includes new roll front uranium targets 360,000mE 380,000mE 400,000mE Area reserved from mining Beverley North Mine (8.8Mlb U3O8) New Four Mile North East (70-80Mlb U3O8) Four Mile Mine (71Mlb U3O8) 6,660,000mN Beverley Mine (46Mlb U3O8) 6,640,000mN LAKE FROME 0 10 Kilometres Fitton 07 Core ELA Quas
Slide 12: Core's uranium projects
Core’s uranium projects Core holds an outstanding discovery of high grade uranium on the 100% owned Fitton Project in South Australia • Significant “new” discovery with genuine upside • Project includes substantial tenure position including sedimentary and hard-rock uranium targets • Located in a wo
Slide 13: Albarta Project, NT
Albarta Project, NT WA NT QLD SA NSW Darwin Core has 100% owned tenure covering VIC TAS over 2,000km2 - Albarta and Jervois Project, NT • Recent surveys have defined targets at Jervois close to copper discoveries by KGL 2 3 68 , ) 6 2 8 ) 6 6 - 8 3 6= and RXL • Core’s current exploration “on the gro
Slide 14: Multiple Prospects
Multiple Prospects trANKT Nracnactivity in naw aynlinratinn nronvincerea T nox 400,000 mE 600,000 mE’ 600,000 mE j Jervois Domain |\Y Copper Royals} jm. Le Daicos Yambla (U (U ) Albarta Project Paradise Well ——_ ae : L . Jay Mordor + 7,500,000 mN White Dam South j Blueys Folley Major toad Alice Spri
Slide 15: Core's Jervois Domain, NT
Core’s Jervois Domain, NT 500m from KGL’s 13m @ 5.75% Cu and close to RXL’s 38m @ 4.4% Cu Significant success for the east Arunta 15
Slide 16: Jervois Domain Project
Jervois Domain Project Local Exploration Implications: the ‘big’ J • New independent J-Fold study strengthens general trend of known mineralisation potential of Core’s BIG-J general trend of new targets Big-J Fold F2 trend of various fold axial planes isoclinal folding if NO shearing • Core’s 100% o
Slide 17: Jervois Domain Project
Jervois Domain Project Core’s Big-J interpeted as possible folded extension to KGLs J-fold “line of lode” 17
Slide 18: Jervois Domain Project
Jervois Domain Project • Prospective zone is magnetic like Jervois • Mapping has confirmed Bonya Metamorphics host-rocks like Jervois • Core recent AEM survey has also identifed multiple features • CSIRO analysis of AEM and Magnetics building towards drilling at Jervois 18
Slide 19: Catalysts for price growth
Catalysts for price growth Core is opening up a new exciting exploration province in the NT and advancing into the discovery phase • Federal Government co-funded CSIRO Study underway on Core’s Jervois and Albarta Projects in the Northern Territory : » AEM and Magnetic Survey Analysis expected over c
Slide 20: Level 2, 143 Hutt Street Adelaide SA 5000
Level 2, 143 Hutt Street Adelaide SA 5000 PO Box 7298, Hutt Street Adelaide SA 5000 Telephone: 08 7324 2987 Facsimile: 08 8312 2002 www.coreexploration.com.au The information in this report that relates to Exploration Results and Mineral 30/03/2015 Study strengthens potential of Cores Jervois Domain