!"#$%&'()*+,-()&.,()(/0$1*/&2&!34& &5-0*6(,&789&7:;;&

Transcription

1 !"#$%&'()*+,-()&.,()(/0$1*/&2&!34& &5-0*6(,&789&7:;;&

2 This presentation has been prepared by and issued by A-Cap Resources Limited ( A-Cap ) to assist it in informing interested parties about the Company and its progress. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. You should not act or refrain from acting in reliance on this presentation material. This overview of A-Cap does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making any investment decision. This presentation includes certain Forward- Looking Statements. The words forecast, estimate, like, anticipate, project, opinion, should, could, may, target and other similar expressions are intended to indentify forward looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding forecast cash flows and potential mineralisation, resources and reserves, exploration results, future expansion plans and development objectives of A-Cap are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code ) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The information contained in this announcement has been presented in accordance with the JORC Code and references to Measured Resources, Inferred Resources and Indicated Resources are to those terms as defined in the JORC Code. Information in this presentation relating to Exploration results, Mineral Resources or Ore Reserves is based on information compiled by Dr Andrew Tunks (an employee of A-Cap) who is a member of The Australian Institute of Geoscientists and Mr Ian Glacken of Optiro. Mr Glacken is a Fellow of the AusIMM, and a Chartered Engineer. Both Dr Tunks and Mr Glaken have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons under the 2004 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Tunks and Mr Glacken consent to the inclusion of the data in the form and context in which it appears. " "!"

3 #$%"&"'$( " " " "#)'"" $*+,-.,/0- " " "123!4" 5+,6-7")+. " " "1895" $*+,-:";<"=::>- " " " " "B5" C-7")+:*"&"DE-F7G """""H14385 " " "" I;."!2 " " """""H82328J "" $16M Raise Mag 9.0 Quake Germany! BMN-M&A Hathor-M&A HK Insto s M"

4 N,;><O*;PO/<Q:" L"

5 %,*N(-0& U;:7".;P/A0+PPV":7+FP-"0;><7,V"/<"#W,/0+G" A/B,$)0,+-0+,(&R"(K/:A<Q"X;S-,Y",;+OY",+/P"+<O"S+7-,3" '()*+,-(&<-$=(&R"Z-7P*+6+<-"/:"7*-"?2 7* "P+,Q-:7"><O-[-P;.-O" >,+</>U"O-.;:/7"/<"7*-"S;,PO"+<O"Q,;S/<Q"D!9?5PF"\"?8!..UG" C(D(=*%E(/0&.*0(/1$=&R";W"7*-"7;."?2Y"Z-7P*+6+<-"/:";<-";W" ;<PV"8"><O-[-P;.-O"O-.;:/7:"/<"7*-"<-K7"8"V-+,:"0+.+FP-";W".,;O>0A;<Y"" F(-G/?-$=&H4?/?/I&J&4(0$==+,IKL&R":;]";,-"W,;U":>,W+0-"7;" B25"O-.7*Y"P;S"0;:7"*-+."P-+0*"+0/O".,;0-::/<QY"" 8"

6 ';7:S+<+",+<6:"^?"/<"#W,/0+"W;,".;P/A0+P":7+F/P/7VY" O-U;0,+0V"+<O",>P-";W"P+S3" X;.>P+A;<"?345"D!3B&6U! GY"<;"7,/F+P"/::>-:Y"<;"'((Y" :6/PP-O"U/</<Q"S;,6"W;,0-Y"-+:V"7;"+_,+07"-K.+7,/+7-:Y" (<QP/:*":.-+6/<Q3" 5/</<Q"+00;><7:"W;,"L2J";W"0>,,-<7"NEX"+<O"/:" 0,/A0+P"W;,"0;<A<>-O"-0;<;U/0"Q,;S7*3" 9"

7 =<W,+:7,>07>,-" B"

8 5+V"!2??"`-:;>,0-" I*-"C(e"NP;F+P"D=<O/0+7-O"f"=<W-,,-OG"`-:;>,0-"D?22..U"0>7g;hGi" " Y 5 W& Z-7P*+6+<-"f"$-,>P-"k,+</>U"`-:;>,0-"+7"?22..U"0>7g;hi" 5,(&0K%(& '()*+,-(&#$0Z& 40& QY5W%%E& QY5W&4=6)& $-0;<O+,V" =<O/0+7-O" j"?b!" =<O/0+7-O"f"=<W-,,-O"?42"?M4" 8832" X,/U+,V" =<O/0+7-O"f"/<W-,,-O" 8j2"?89"!2!34" F*0$=& VW:& ;X7& 78;Z7& NZ@'#Z"=C)`(#$("@d"98J" AO#'P!<P&AO&AOCA#!FPC&'P<5Q'#P<&5R&STU& 4"

9 `-:;>,0-"=<0,-+:-" Z-7P*+6+<-"R"?845PF"7;"!9?5PF""5+V"!2??" Large increase in inferred resources j"

10 e*+7"/:"7*-"0>7g;hl" Letlhakane Uranium Project Resource modeled at a range of grade cutoffs?2"

11 '()*+,-(&<-$=([& C(%*)?0)&?!22"?222" 422" ^(0=G$_$/(&?)&0G(&;:0G&=$,I()0& 922" L22"!22" 2" '+<6";W"5;<7,-+P"`-.;,7"+<O");U.+<V"E+7+"

12 '()*+,-(&<-$=(&2&<1==&3,*b?/I&?!"

13 5-7"E,/PP/<Q"?M"

14 $*+PP;SY""dP+7Y""$/U.P-Y"(+:V"7;"U/<-Y"O/.:"e"+7"?m" Secondary Mineralisation Water Table Base of Oxidation 75m Oxide Mineralisation Primary Mineralisation 9 km PROTEROZOIC BASEMENT Cartoon Cross Section?L"

15 C+7>,-";W"`-:;>,0-" $*+PP;S" dp+7" $/U.P-" (+:V"7;"U/<-" "?8"

16 C(D(=*%E(/0&.*0(/1$=& Z-7P*+6+<-"/:"0>,,-<7PV"7*-"?2 7* "P+,Q-:7"><O-[-P;.-O" /<".,;O>0A;<"S/7*/<"7*-"<-K7"8"V-+,:"O>-"7;".-,U/n<Q" *>,OP-:" Of the 5 capable of being in production in the next 5 years, Letlhakane is the ONLY deposit: with capex estimated at less than $350M, In a stable political and permitting friendly environment, and currently without a strategic partner Ux consulting?9"

17 C(D(=*%E(/0&.*0(/1$=c& g g 3,($0(,&0G$/&W:U&;W"0>,,-<7"S;,PO">,+</>U".,;O>0A;<"/:":;>,0-O"W,;U" -/7*-,"7-0*</0+PPV"0*+PP-<Q/<Q";,".;P/A0+P"*/Q*",/:6":;>,0-:3" A/-,($)?/I&0*&T:U&/<"<-K7"8"V-+,:"F+:-O";<"0>,,-<7"W;,-0+:7:3" 7::T&!-0+$=&.,*@+-1*/& 7:;S&R*,(-$)0&.,*@+-1*/&& `/:6V"g" 4L39J" $7+FP-"g"?83LJ" `/:6V"g" 4j3jJ" $7+FP-"g"?23?J" Source: Ux Consulting Currently $250BN of reactors under construction. Letlhakane is a low risk source of production within the next 5 years capable of de-risking the tight uranium supply chain?b"

18 F(-G/?-$=&2&4?/?/I&J&4(0$==+,IK& -o>/.u-<7"du/</<q""0;<7,+07;,g"" #PP";,-"S/7*/<"B2U";W":>,W+0-" p/,7>+ppv"<;".,-g:7,/." 5+7-,/+P":;]"+<O"-+:V"7;"U/<-"" d,--"o/q"7;"!2u" CONTINUOUS MINING AGGLOMERATION CRUSHING HEAP LEACHING H 2 O 4(0$==+,IK& `+O/;U-7,/0+PPV"$;,7"`><";W"5/<-" +<O"+QQP;U-,+7-" Z;S"0;:7"*-+."P-+0*"7,-+7U-<7" W;,";,-" #0/O"P-+0*"+PP";,-"7V.-:" $;P[-<7"(K7,+0A;<"7;",-0;[-," >,+</>U" OXIDISATION TO REFINERY CALCRETE WASHA TE SOLVENT EXTRACTION?4"

19 5-7+PP>,QV" Recovery curve for three whole of ore samples optimum recoveries of 78% achieved in test T20?j"

20 e+7-,"$;>,0-"!2"

21 =U.,;[-",-0;[-,V" Z-+0*"0;+,:-,"U+7-,/+P"W;,".,/U+,V"f";K/O-";,-q"+OO".V,/7-"7;"7*-"P-+0*"DNEGq" p+,v/<q"+0/o"+oo/a;<:"+7"p-+0*":7+q-:"+<o"/,,/q+a;<",+7-:" );P>U<"*-/Q*7";.-<"&"0P;:-O"0/,0>/7:";<",-0;[-,V"P-[-P:" `-:/<"P+V-,:"+7"O/h-,-<7"0;P>U<"P-[-P:" & Z;S-,/<Q"+0/O"0;:7"DH!9J";W"7;7+P";.-,+A<Q"0;:7".-,"PFG"" =<[-:AQ+A<Q"P;S-,":>PW>,"0;:7".V,/7-":;>,0-"/<"';7:S+<+" 4?/?/I&HdSWU&*B&0*0$=&*%(,$1/I&-*)0)L& );<A<>;>:"U/</<Q"U+0*/<-,V""" =<0,-+:/<Q"Q,+O-" =<[-:AQ+A<Q"P+,Q-":0+P-",+O/;U-7,/0":;,A<Qq"":;,7"FV":0/<APP;U-7-,:";<"+"0;<[-V;," :V:7-U"+]-,"U/</<Q"/<7;"r*/Q*"Q,+O-s""f"rP;S"Q,+O-s":7;06./P-:" "!?"

22 $>UU+,V" `-:;>,0-"0;<A<>/<Q"7;"Q,;S" U;<7*:G" `-Q>P+7;,V"+:.-07:"S-PP"U+<+Q-O" b/q*pv"-k.-,/-<0-o"7-+u" X;:/A;</<Q"7;"F-"+":>..P/-,";W"0*;/0-"7;"U--7"7*-",-o>/,-U-<7:";W"7*-"<>0P-+,"/<O>:7,V"+7"7*-"AU-" S*-<"7*-"O-U+<O"+<O":>..PV":/7>+A;<"/:"W;,-0+:7"7;" AQ*7-<":/Q</u0+<7PV""!!"