Alligator Rivers Exploration and PhosEnergy Technology Development PhosEnergy Technology Development Presentation to ARCI Congress, July 2010
Disclaimer and Competent Person Statement � Forward Looking Statements 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 guarantees of expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not 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 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, 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. � Disclaimer Whilst care has been exercised in preparing and presenting this Presentation ,to the maximum extent permitted by law, Uranium Equities Limited and its representatives: p � 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. � � Receipt of this Presentation 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). � Competent Person Statement The information in this presentation that relates to Exploration Results is based on information compiled by Mr Grant Williamson, Geology Manager – Exploration for Uranium Equities Limited who is a Member of the Australasian Institute of Mining and Metallurgy Inc and a Manager – Exploration for Uranium Equities Limited, who is a Member of the Australasian Institute of Mining and Metallurgy Inc and a member of the Australian Institute of Geoscientists. Mr. Williamson 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.
Key Strengths Unique growth opportunities . • Alligator Rivers Exploration: • Historic Nabarlek Uranium Mine: A rare Brownfields exploration opportunity. - past production 24 Mlbs @ 1.84% U 3 O 8 . • The PhosEnergy Process: provides the opportunity to re-establish uranium from phosphates as a major production source globally.
Alligator Rivers Uranium Field The place to find world class deposits. • Alligator Rivers: A world class Uranium province. • Jabiluka J bil k (360 Mlb U O ) (360 Mlbs U 3 O 8 ) • Ranger (194 Mlbs U 3 O 8 ) • N b Nabarlek ( 24 Mlbs U 3 O 8 ) l k ( 24 Mlb U O ) • Koongarra ( 16 Mlbs U 3 O 8 ) Nabarlek Project: 520 km 2 in the heart • of the Alligator Rivers Uranium Field. Headwaters Project: Over 3000 km 2 of • 2 H d t P j t O 3000 k f underexplored tenements recently granted.
A Rare “Brownfields” Exploration Opportunity “In the shadow of the Headframe.” • Nabarlek Project - Extensive Land Position. - Nabarlek Mine Lease 100%. - West Arnhem Land Joint Venture (40% UEQ : 60% CAMECO). • Nabarlek Mine - Australia’s highest grade uranium mine (1.84% U 3 O 8 ) closed 1988. • Targeted Drilling 2010: • Nabarlek Mine Lease 1988 Coopers Prospect Coopers Prospect • N147 Basement Mineralisation
N147 Discovery Basement position to be tested. • Ore-grade intercepts (at 200ppm cut-off) in dolerite including: NARD6017 21.1m @ 0.39% U 3 O 8 * * NAR6318 34.0m @ 0.13% U 3 O 8 * NAR6320 14.0m @ 0.17% U 3 O 8 • • Dolerite mineralisation remains open along Dolerite mineralisation remains open along strike in both directions. Above: N147 Basement Target Model showing interpreted sub-vertical • 2010 RC Drilling (July) will focus on testing g ( y) g Nabarlek Mine Lease 1988 structure with known dolerite structure with known dolerite basement below known dolerite hosted mineralisation and basement target mineralisation. position. *Four acid digest with ICP-MS analysis from NT Environmental Laboratories Pty Ltd, Darwin. Intercepts calculated using stated cut-off and may contain a maximum internal dilution of 2m. All intercepts are down hole lengths.
Coopers Prospect Large geochemical anomaly – structural targets. • Significant geochemical Significant geochemical anomaly associated with margins of distinct magnetic low low. • Peak value 1m @ 1993ppm * in 2009 geochem U 3 O 8 g 3 8 drilling • Close proximity to the Nabarlek Mine and the N147 Discovery. Nabarlek Mine Lease 1988 Above: Coopers Prospect geochemistry and drill Above: Coopers Prospect geochemistry and drill • Structural targets at the Structural targets at the testing commencing July 2010. intersection of the Gabo and Tip Faults to be tested in the 2010 field season 2010 field season. *Four acid digest with ICP-MS analysis from NT Environmental Laboratories Pty Ltd, Darwin. All intercepts are down hole lengths.
Regional Geochemistry Major Uranium system with ore grade mineralisation. • Significant ore grade mineralisation defined at N147 N147 prospect. t • Widespread uranium anomalism in shallow anomalism in shallow geochem drilling identifies targets for follow up drilling drilling. • Further systematic geochem drilling through g g g Nabarlek Mine Lease 1988 2010 field season.
Headwaters Project Significant Landholding – Identified Anomalies. • Vale Australia earning 70% by free-carrying UEQ to BFS • Potential for Westmoreland style targets in the Northern portion of the Project portion of the Project • $100,000 co-funding under NT Governments ‘Bringing g g Forward Discovery’ program. • Drilling program planned for Nabarlek Mine Lease 1988 2010 dry season.
Brownfields Opportunities Near deposit exploration in large mineral systems. • Rudall Project: (UEQ 40% : Cameco 60%) j ( ) Tenements adjoining Cameco’s Kintyre Uranium Deposit (70 Mlbs @ 0.38%) • Narraweena: (UEQ 100%) Tenements adjoin and cover extensions to the mineralised host to t i t th i li d h t t the Ben Lomond Uranium Deposit (10.7 Mlbs @ 0.25%) Nabarlek Mine Lease 1988
Greenfields Opportunities Strategic holdings in key districts. • Lake Blanche: (Cameco earning 60% : UEQ 40%) exploring for roll front uranium in a sedimentary province with analogies to the di i i h l i h world class Kazahkstan uranium fields. • • Watson: (UEQ 51% : Intermet 49%) Watson: (UEQ 51% : Intermet 49%) Anomalous uranium mineralisation in paleochannels analogous setting to the “4 Mile” uranium deposit 4 Mile uranium deposit. • Frome Basin: (UEQ 100%) UEQ has recently acquired a strategic y q g Nabarlek Mine Lease 1988 position in the Frome Basin.
The PhosEnergy Process. The PhosEnergy Process Uranium Equities
Uranium from Phosphates Proven reliable source of uranium. 4 160 3.5 140 Price (US$/lb} uction from 3 120 s (Mlb/a) 2.5 100 2 2 80 80 Uranium Spot Phosphate US U 3 O 8 Prod 1.5 60 1 40 0.5 20 0 0 1978 1988 1998 2008 • Over 5 million lb per annum produced globally in ’80’s. p p g y � Production ceased in ‘90’s due to high operating cost and low uranium price. • Technological advances and utility demand are reviving the uranium from phosphates industry phosphates industry. • By-Product Sources: � Currently account for 10% of world primary uranium production (OD) � Scope to increase this market share to fill predicted market deficit.
Scale of the Opportunity More than $1 billion in potential revenue per annum. • Worldwide 100Mt phosphate processed annually. � ~20 million lb of contained U 3 O 8 • 15 - 18% of world’s annual U 3 O 8 production currently going unrecovered. • Multiple potential development opportunities globally. • Major Phosphate Production: � Group OCP (Morocco) Worldwide distribution of phosphate production – area denotes relative production � Mosaic Co (USA) � PCS (USA) � IFFCO CO (India) ( d a)
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