Eve Health Group Limited · ASX:EVE
Eve Health — Energy Ventures — Investor Presentation (May 2010)
25 slides from Eve Health's investor presentation, May 18, 2010
Slide 1: Cover letter to ASX: Investor Presentation May 2010
LEVEL ONE 8COLINSTREET WEST PERTH WA 6005 POBOX886 WEST PERTH WA 6872 TEL:+61 8 6465 5500 FAX:+61 8 6465 5599 ABN 89 106 523 611 18 May 2010 Manager Announcements Company Announcements Office Australian Securities Exchange 10th Floor, 20 Bond Street SYDNEY NSW 2000 Via electronic lodgement Dear
Slide 2: Aurora Project Investor Presentation May 2010
Aurora Project j Investor Presentation May 2010
Slide 3: Disclaimer
Disclaimer The information in this p presentation is ppublished to inform yyou about the activities of Energy Ventures Limited (EVE) and the activities of its subsidiaries. All reasonable effort has been made to provide accurate information but we do not warrant or represent its accuracy and we rese
Slide 4: Corporate Structure
Corporate Structure Management Capital Structure Directors 244,410,764 Ordinary Shares Ian Duncan 14,825,000 Options Alasdair Cooke Market Cap Fully Diluted ‐ A$8.1 million Michael Curnow Bill Fry Cash at Bank – A$1.9 million Key Shareholders GM Exploration Directors and Management 22% Lachlan Reyno
Slide 5: Aurora Uranium Opportunity
Aurora Uranium Opportunity Volcanic hosted uranium deposit in western USA (Oregon) 18 Mlb U3O8 @ 0.05% eU3O8 NI43‐101 Indicated resource Large, shallow open pit potential Advanced project ‐ feasibility study phase Regionally prospective for uranium and other minerals No social, environmental, permit
Slide 6: Location
Location 200 Miles | Project Location =r Energy Ventures Limited
Slide 7: Ownership Status
Ownership Status Acquired 100% by Uranium One in 2007 through their acquisition of Energy Metals Corp, low priority asset Optioned p to Monster Uranium Inc in mid‐2008 Monster could not fund its obligations and withdrew from project in December 2009 Energy Ventures completed due diligence and signed
Slide 8: Access and Infrastructure
Access and Infrastructure Access from Highway 95 at McDermitt, Nevada via paved road and unsealed tracks Closest major transportation and support hubs are Reno, NV (385 km) and Boise, Boise ID (290 km) Closest large town is Winnemucca, NV (pop ~10,000) an established mining services town Project 10
Slide 9: Location
Location || — Highway Ce So A | | == Paved Road “0 05 115 2 25M Tracks Re (State Boundary > = ae eee Energy Ventures Limited
Slide 10: Tenement Status
Tenement Status 52 Lode Claims (1,300 acres, ~525 525 ha) pegged 1997 & 2006 Unlimited secure tenure confirmed by title search and Legal Opinion US$140/claim/year rental (total $7,300/year) Land administered by US Bureau of Land Management BLM and State approvals required for mining; no conversion o
Slide 11: Previous Exploration
Previous Exploration Mineralisation Outline [Claim Outlines e Diamond Drill Holes o Rotary Drill Holes Energy Ventures Limited
Slide 12: Project Fiscal Regime
Project Fiscal Regime Federal 35% company tax State 6.6% company tax (deductable) No Federal mining royalty, no State mining royalty applicable No sales tax (Oregon) 1.5% Net Sales Royalty payable to Mr K.S. Linville on 1997 Claims
Slide 13: Project Area (looking ESE)
Project Area (looking ESE) oy Ventures Limited
Slide 14: Project Area (looking N)
Project Area (looking N) Energy Ventures Limited
Slide 15: Generalized Geologic Long Section
Generalized Geologic Long Section Looking Northeast 1,000 Feet 2,000 Feet © Alluvium BB Andesitic Basalt Lake Sediments and Tuff MJ Rhyolitic Tuff 250m cl | T5200 1,000 2,000 Feet 3,000 Feet © Alluvium E] Andesitic Basalt HH Ore Zone [0 Lake Sediments and Tuff Rhyolitic Tuff E—EE_ my Nets
Slide 16: 2005 Resource Estimate
2005 Resource Estimate 17.69 Mt @ 0.0518% eU3O8 (18.3 Mlb eU3O8) Polygonal, sectional method Radiometric equivalent grades NI43‐101 Indicated classification but could be easilyy upgraded to Measured with confirmation drilling near‐mine Scope to increase through near mine extensions EVE review compar
Slide 17: Metallurgical Options
Metallurgical Options Thorough metallurgical testing completed in 1980 External review of technical reports by R.W. Nice metallurgical g consultants concluded p project j is technicallyy viable with potential for high recoveries Internal review by in house metallurgists reached similar in‐house conc
Slide 18: Regional Prospectivity
Regional Prospectivity McDermitt Caldera Complex highly prospective Known mineralised hydrothermal systems (Hg, U, Li, Mo, ±Au, ±Ag) Minor historic U production from Moonlight Mine Framework study to be completed Additional brown fields targets in close proximity being targeted
Slide 19: Purchase Agreement
Purchase Agreement Energy Ventures to purchase 100% interest in the Aurora claims for aggregate total t t l off US$2.0m US$2 0 $2.0m to purchase 18.3 Mlb eU3O8 ≈ $0.11/lb eU3O8 Acquisition funding proposed through Entitlement Issue to existing shareholders Future work to be funded through separate c
Slide 20: Recent Sales Evidence
Recent Sales Evidence Purchase Price Purchase Price / Announcement Completion Tonnes Grade Resource Acquiror Target Target Location (EV) lb U3O8 Date Date (US$ M) (Mt) % (M lbs U3O8) (US$/lb U 3 O 8 ) 27 Feb 09 27‐Feb‐09 18 Jun 09 18‐Jun‐09 JAURD + ITOCHU Mega Uranium Ltd. Australia $49.00 11.4 0.03
Slide 21: Peer Comparison
Peer Comparison Enterprise Resource Resource Price fd o/s Mcapp W.C. Value Resource Grade Valuation Company Main Project Location (C$) (M Shs) (US$ M) (US$ M) (US$ M) (M lb U Eq) (% U3O8) (US$/lb) Near Term Producers Denison Mines Corp. McClean Lake Saskatchewan $1.49 339.7 $490.70 $75.60 $416.40 76
Slide 22: Corporate Structure
Corporate Structure Energy Ventures Ltd d ASX: EVE 100% UK Co 100% Oregon Energy LLC 100% Aurora Uranium Project
Slide 23: Opportunity Summary
Opportunity Summary 18 Mlb eU3O8 Indicated Resource Low entry cost into advanced project Exploration upside through near mine and regional targets Established mining area with good access and skilled labour and technical consultants available Secure tenure No native title issues Key executive with r
Slide 24: Current Investments
Current Investments AFRICAN ENERGY Advanced Uranium projects, projects 37 2% 37.2 RESOURCES LTD Zambia & Botswana ASX Listed: AFR AGRICOLA RESOURCES 29.8% PLC Gold exploration projects, Morocco PLUS Listed: AGRI NORRSKEN ENERGY JV with IGE Nordic AB AB, Uranium 51% LTD exploration projects in Sweden
Slide 25: Management Team
Management Team John Hasleby BAppSc MAusIMM Mr Hasleby has 30 years of experience in the exploration and mining industries. He has an operational and managerial background in exploration, development and mining with Australian and international companies. He is a former MD of White Canyon Uranium Lt