URANIUM EXPLORATION COMPANY

Transcription

1 URANIUM EXPLORATION COMPANY EXPLORATION FOR HIGH-GRADE URANIUM DEPOSITS IN SANDSTONE BASINS GETTING TO DISCOVERY QUICKER AND MORE COST EFFECTIVELY USING APPLIED RESEARCH SUCCESSFUL EXPLORATION THROUGH SCIENCE

2 FORWARD LOOKING STATEMENTS This presentation may contain forward looking statements including those describing Uravan s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Uravan and its management. Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. Uravan undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

3 URAVAN MINERALS INC. Uravan is searching for partners to fund $10 - $15 Million in exploration over the next 3 to 5 years in the Athabasca Basin, Saskatchewan Canada Uravan is a uranium exploration company that engages in applied research. Uravan has develop new surface geochemical technologies to identify buried uranium deposits in under-explored areas. Uravan has a technical group made up of highly experienced mineral explorers and seasoned upper management. Capital Structure Shares Issued: 37,599,346 Insider holdings: 9,934,605 (29%) Options Granted: 2,476,667@ $0.27 Warrants Granted: $0.38 Working Capital: $2.0 Million Uravan trades on the TSX Venture Exchange: Symbol UVN

4 URAVAN S KEY BUSINESS STRATEGY Explore for high-grade uranium deposits in sandstone basin environments. Target size uranium deposits grading >1% containing >100,000,000 pounds U 3 O 8 Drill an economic uranium intersection on one-in-three projects explored. Reduce the number of drill holes to discovery by two-thirds. Develop new exploration technologies using applied research successful exploration through science.

5 RATIONALE FOR APPLIED RESEARCH To find the next generation of uranium deposits, a cost effective way to identify buried uranium mineralization in under-explored terrain is essential

6 EXPLORATION THROUGH APPLIED RESEARCH To accomplish this, understanding the process by which elements move from buried uranium mineralization to near surface environments (soils and plants) where they can be geochemically measured is critical

7 FINDING DEPOSITS USING APPLIED RESEARCH Microbial activity at the surface of buried uranium mineralization promotes the migration of elements and gaseous compounds upward to surface environments This process traps and concentrates metal complexes and distinctive isotopic signatures in certain soil components and vegetation resulting in unique anomalies over the deposit. By sampling and analyzing soil and plant material, bedrock sources of buried mineralization can be identified. 7

8 CIGAR WEST URANIUM DEPOSIT STUDY In 2009, under a collaborative agreement with Areva and Cameco, Uravan and QFIR conducted a pilot study over the known high-grade Cigar West uranium deposit 1. The study included sampling and analyzing drill core, soil horizons, vegetation and tree cores over a known high-grade uranium deposit. Objective: trace the movement of elements and unique isotopic signatures from the deposit to surface environments. Cigar West Study area showing locations of surface samples & drill holes 1 The Cigar Lake deposit is on the Waterbury/Cigar uranium property; a joint venture partnership between Cameco Corporation, AREVA, Idemitsu Kosan Co. Ltd., and Tokyo Electric Power Co. [TEPCO]) located in the Athabasca Basin, Saskatchewan. Uravan thanks both AREVA and Cameco for their research collaboration and gracious support for the Cigar West Study; and the support provided by the Cigar Lake facility during our field operations.

9 CIGAR WEST URANIUM DEPOSIT STUDY TSX-V : UVN The results of the study clearly identified distinctive elements and isotopic compositions that have been mobilized from the Cigar West deposit to the surface media through > 450 meters of sandstone.

10 WHY WE USE LEAD ISOTOPES IN URANIUM EXPLORATION As a result of the Cigar West Study, Uravan has developed new technologies and specific indicators that identify the most probable location of buried uranium mineralization versus drilling blind conductors. Lead (Pb) is the natural end product of uranium (U) decay and can therefore be used as a vectoring tool to uranium deposits. Uranium has 2 main isotopes: U235 and U % occurs as U238, while ~0.7% occurs as U235. Importantly each isotope naturally decays over time to a different isotope of lead U238 Pb206 U235 Pb207 We use the ratio between these two Pb isotopes to identify possible U deposits

11 WHY WE USE LEAD ISOTOPES IN URANIUM EXPLORATION 207/206 isotope ratio values measured in soil, water or vegetation is ~0.90 (common lead); not anomalous At a uranium deposit this 207/206 ratio is ~0.10 (radiogenic lead); very anomalous As radiogenic lead migrates away from a deposit it mixes with common lead, producing 207/206 ratios at <0.65. It is this subtle change in lead isotopic composition that Uravan s geochemical analyses can measure to vector drilling.

12 URAVAN S RESEARCH PARTNERS Queen s Facility for Isotope Research (QFIR) at Queen s University, Ontario. Under the direction of Dr. Kurt Kyser, QFIR is a group of highly experienced research geochemists QFIR lab is a state-of-the-art research facility. The QFIR research team works collaboratively with Uravan s technical group to develop new exploration technologies. Dr. Colin Dunn, an independent specialist in biogeochemistry, is working closely with Uravan s technical group and QFIR to advance the interpretation of biogeochemical results. Dr. Kurt Kyser and Dr. Colin Dunn are key technical advisors for Uravan

13 DEEP EXPLORATION GEOCHEMISTRY FOR URANIUM DEPOSITS TSX-V : UVN Uravan and QFIR have entered into a three (3) year collaborative applied research grant; a government sponsored NSERC CRD approved project. Goals of the study: (1) Apply recently developed geochemical protocols for remote sensing undercover deposits (from the Cigar Lake Study) to the Outer Ring and other Uravan Athabasca Basin projects. (2) Develop new protocols for more reliable and definitive indicators of mineralization at depth in these prospective but underexplored areas. Budget: $100,000 per year for 3 years from Uravan with matching funds by the Federal Government.

14 URAVAN PROPERTY PORTFOLIO Uravan s property portfolio consists of 8 strategically located uranium projects plus the Rottenstone Ni- Cu-PGE project. Successful drilling on the OR-MATH project, completed in 2011, will be followed in 2012 with several more drill-holes planned. Strong surface geochemical patterns that correlates with a major EM conductor on the Halliday project will be drill tested in 2012; 5 drill-holes planned. Stewardson, Johannsen and Poplar projects are in pre-drilling stages. Data analysis on surface geochemistry is pending.

15 Outer Ring Project (OR) 100% Uravan - acquired in December Surface geochemical program completed in July Surface geochemical targets developed Initial drilling completed in June 2011; follow up drilling in 2012 ATHABASCA BASIN URANIUM PROPERTY PORTFOLIO Johannsen Lake Project (JL) 100% Uravan - acquired in August Surface geochemical program completed in August Data analysis outlines potential drill targets. Drilling planned for 2012; Math Option (MATH) 100% Uravan Purchase Option VTEM survey outlines strong conductor on Math and OR Surface geochemical survey completed in2011 One drill-hole competed in 2011; follow up in 2012, TSX-V : UVN Poplar Point Project (PP) Uraniferous boulder train on property Multiple untested EM targets Historic drilling indicates anomalous uranium values

16 ATHABASCA BASIN URANIUM PROPERTY PORTFOLIO Stewardson Lake Project (SL) 100% Uravan - acquired in December Located along the Virgin River structural corridor. Multiple anomalous geophysical and surface geochemical targets identified Surface geochemical program completed in Data analysis pending. Halliday Lake Project (HL) 100% Uravan - acquired in December Geophysical surveys identified 15 Km anomalous EM, gravity and resistivity Historic drilling intersected 0.1 meters grading 0.12% U3O8 in altered sandstone Surface geochemical program completed in Five drill-holes planned for 2012 TSX-V : UVN Thluicho Lake Project Shallow basement hosted u mineralization Multiple untested conductors Anomalous pathfinder elements in outcrop. Looking for partner.

17 POSITIVE RESULTS OR/MATH SURFACE GEOCHEMISTRY AND DRILLING RESULTS TSX-V : UVN Surface geochemical program completed in July 2010 and June 2011, respectively Geochemical program completed using new surface geochemistry technology developed from the Cigar West Study. Positive lead (Pb) isotope ratios and associated pathfinder element geochemistry in the C-soil horizon clays, vegetation and treecores. Surface geochemistry defines trends coincident with geophysics and other structural features. Seven (7) drill-holes competed targeting surface geochemistry. Follow up drill program planned for 2012 consisting of several drill-holes.

18 Positive Surface Geochemistry at Halliday Surface geochemical program competed in June 2011 Strong correlation between radiogenic Pb 207/206 in soils and tree-cores and other pathfinder elements; key to identifying U mineralization at depth. Surface geochemistry coincident with major EM conductive trend Five drill-hole program and additional geophysical survey planned for summer TSX-V : UVN

19 THELON BASIN PROPERTY PORTFOLIO Garry Lake Uranium Project 100% Uravan; seeking JV partner Airborne geophysical surveys completed Surface discovery: well defined glacial boulder train consisting of 19 uranium mineralized cobbles assaying 0.87% to 27.12% U 3 O 8. Status: On hold pending LUP Issues: Caribou protection concerns in NE Thelon Basin Pending funding, in 2012 Uravan will begin to engage land use regulators to develop a path forward to obtain an LUP in 2013.

20 ROTTENSTONE NICKEL COPPER PGE + AU PROJECT Advanced drill ready project Comprehensive database: airborne/ground geophysical surveys plus surface soil and tree top geochemical surveys. Rottenstone 1960 s deposit produced 40 thousand tons of high-grade ore grading 3.28% Ni, 1.83% Cu and 9.63 g/t PGE+Au in an ultramafic intrusive. Recent interpretive work on the new geophysics has defined new drill targets Ten (10) diamond drill holes have been selected to test several favorable areas.

21 ROTTENSTONE NICKEL COPPER PGE + AU PROJECT Proposed drill holes to test a series of strong sub-vertical conductors These strong conductors coincide with other favorable geological, structural and geochemical features. TSX-V : UVN

22 ROTTENSTONE NICKEL COPPER PGE + AU PROJECT These strong steeply dipping conductors are believed to represent meaningful concentrations of sulphide mineralization. TSX-V : UVN

23 EXPLORATION ACTIVITIES FOR 2012 $2.5 MILLION 2012 BUDGET TSX-V : UVN Initial 5 drill-hole program plus TDEM geophysical survey on Halliday property Follow up minimum 2 drill-hole program on OR-Math uranium projects Potential drill program on Johannsen Lake or Stewardson uranium project late summer 2012 Continue Athabasca Basin land acquisitions in highly prospective corridors Continue collaborative applied research with QFIR, Dr. Kurt Kyser and Dr. Colin Dunn on Halliday, Outer Ring, Johannsen and Stewardson projects.

24 FOR MORE INFORMATION CONTACT Larry Lahusen, CEO Suite 204, 2526 Battleford Avenue S.W., Calgary, Alberta T3E 7J4 Phone : Fax :