29 June 2009 Australian Securities Exchange Limited Exchange Plaza 2 The Esplanade PERTH WA 6000 Attn: The Manager – Companies Dear Sir, Attached is a technical presentation which was presented at the AusIMM International Uranium conference in Darwin on 10 – 11 th June 2009. • Nabarlek – New Exploration Results and Perspectives, presented by David Brunt. Yours faithfully, MARK CHALMERS Managing Director The information in this report that relates to Exploration Results is based on information compiled by Mr David Brunt, a full-time employee of Uranium Equities Limited, who is a Fellow of the Australasian Institute of Mining and Metallurgy Inc. Mr. Brunt has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here. CONTACT: Mark Chalmers, Managing Director 0417 861 482 David Brunt, Executive Director 0419 848 713 Uranium Equities Lim ited ABN 74 009 799 553 Level 6 West, 50 Grenfell Street Adelaide SA 5000 Tel: + 61 8 8110 0700 Fax: + 61 8 8110 0777 Email: info@uel.com.au Website: www.uel.com.au
N b Nabarlek - l k New Exploration Results and P Perspectives i G W illiam son, A Marsland-Sm ith and D Brunt Uranium Equities Limited (ASX: UEQ) Presenter: David Brunt AusI MM I nternational Uranium Conference 2 0 0 9 Darw in 1 0 th June 2 0 0 9 1
Disclaim er & Com petent Persons Disclaim er & Com petent Persons Statem ent Statem ent Forw ard Looking Statem ents This Presentation may include statements that could be deemed “forward-looking statements”. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not t ti d i h f d l ki t t t b d bl ti h t t t t guarantees of future performance and actual results or developments may differ materially from those expected in the forward- looking statements or not take place at all. No offer to sell or invitation to buy This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in Uranium Equities Limited, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. Uranium Equities Limited does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction. Disclaim er Whilst care has been exercised in preparing and presenting this Presentation to the maximum extent permitted by law Uranium Whilst care has been exercised in preparing and presenting this Presentation ,to the maximum extent permitted by law, Uranium Equities Limited and its representatives: - make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; - accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and - accept no responsibility for any errors or omissions from this Presentation. p p y y Receipt of this Presentation If the recipient of this Presentation has signed any confidentiality or similar agreement covering information of the type herein contained, then the Presentation and all information therein is received subject to that agreement(s). Com petent Person Statem ent The information in this presentation that relates to Exploration Results is based on information compiled by Mr. David Brunt, a Director and Consultant of Uranium Equities Limited, who is a Fellow of the Australasian Institute of Mining and Metallurgy Inc. Mr. Brunt has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here.
Nabarlek Nabarlek - Location & the ARUF Nabarlek Nabarlek Location & the ARUF Location & the ARUF Location & the ARUF
Nabarlek History Nabarlek History Nabarlek History Nabarlek History Nabarlek Mine 1988 Nabarlek Mine 1988 Nabarlek Minesite 2008 Nabarlek Minesite 2008 Discovered as a prominent airborne radiometric anomaly by QML – June 1970 Discovered as a prominent airborne radiometric anomaly by QML – June 1970 Open cut mining completed over 4 months in 1979; ore milled 1980-1988 Mined and stockpiled 546,437t of ore grading 1.84% U 3 O 8 and 157,000t of below grade ore of 0.05% U 3 O 8 (Australia’s highest grade deposit) Mill operated 1980–1988 and produced 11,084t (24.8 M lbs) U 3 O 8 Acquired by Uranium Equities - April 2008
Nabarlek & Arnhem Land Nabarlek & Arnhem Land Exploration History Exploration History l l i i i i 160.00 1968 ARUF Source: The Ux Consulting Company, LLC http://www.uxc.com/ exploration begins 140.00 1969-72 DISCOVERY Ranger, Koongarra, Ranger, Koongarra, Jabiluka, Nabarlek 120.00 1988-1989 QML: Radiometrics, $U3O8 100.00 Trenching, Drilling etc – 12 prospects First Tempest First Tempest Constant 2008 $ Discovered Survey 2000, 80.00 Minor Drilling 1973-1988: No Geophysics, Drilling 60.00 Exploration &Sampling &Sampling C Land Rights Land Rights Issues 40.00 UEQ:CAMECO JV 20.00 RANGER 3 DEEPS DISCOVERY 0.00 1964 1973 1981 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Unconform ity Model Unconform ity Model Unconform ity Model Unconform ity Model Unconform ity Model Unconform ity Model Unconform ity Model Unconform ity Model (Modified after CUNEY et al., 2000) EXPLORATION TECHNIQUES Ai b Airborne EM to map graphitic conductors (successful in Canada, not so/yet in Australia) EM t hiti d t ( f l i C d t / t i A t li ) Absence of highly graphitic host rocks at Nabarlek Conductive overburden ? distorts EM signals Need for alternative approaches to exploration .
Nabarlek Area Nabarlek Area – Nabarlek Area Nabarlek Area – – Geology, Structure – Geology, Structure Geology, Structure Geology, Structure and Rock Unit relationships and Rock Unit relationships and Rock Unit relationships and Rock Unit relationships
Nabarlek Area Nabarlek Area Nabarlek Area – Sections Nabarlek Area – Sections Nabarlek Area Nabarlek Area Nabarlek Area Nabarlek Area Sections Sections Sections Sections Sections Sections Long Section Long Section from SMLB Prospect (uranium ( mineralisation in metamorphics beneath Unconformity to N147 along the Gabo Shear in dolerite Shear in dolerite Cross Section through Nabarlek and the Nabarlek and the dolerite
Nabarlek ML Nabarlek ML - Long Section Nabarlek ML Nabarlek ML Long Section Long Section Long Section
Nabarlek Nabarlek - Cross Section Nabarlek Nabarlek Cross Section Cross Section Cross Section
N1 4 7 Prospect N1 4 7 Prospect N1 4 7 Prospect N1 4 7 Prospect N1 4 7 Prospect N1 4 7 Prospect N1 4 7 Prospect N1 4 7 Prospect A Dolerite mineralised just outside the ML boundary at N147 (200m x 50m mineralised zone and open in both directions) Mi Mineralised intercepts li d i t t 36.2m @ 0.172% eU 3 O 8 from 108.2m 14.5m @ 0.224% eU 3 O 8 from 116.9m 23.4m @ 0.138% eU 3 O 8 from 117.1m 23.4m @ 0.138% eU 3 O 8 from 117.1m Ref: Uranium Equities ASX Release 27th November 2008
Nabarlek Area Nabarlek Area – – geochem ical geochem ical exploration anom alies exploration anom alies l l i i li li Grid RC & AC Grid RC & AC geochemical drilling in areas defined in blue - along key structures t t Bedrock & regolith sampling for U using sampling for U using portable XRF Mapped as anomalies pp > 100 GT (ppm U 3 O 8 x m) Ref: Uranium Equities Ref: Uranium Equities ASX Release 27 th November 2008
Geochem ical exploration results Geochem ical exploration results Detail SE of Nabarlek Detail SE of Nabarlek il S il S f f b b l k l k Strong correlation Strong correlation with N147 Outstanding Outstanding geochemical results at shallow depths – Coopers p p Prospect Ref: Uranium Equities ASX Release 25 th September 2008
Nabarlek ML Nabarlek ML airborne radiom etric im age airborne radiom etric im age i b i b di di i i i i Red = U; Green = Th R d U G Th Blue = K Strong radiometric evidence of ponds, pit, plant areas, camp and roads Also note anomalies tested by earlier QML grid drilling
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