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Advanced Uranium Exploration & Development Projects in Niger, West Africa Presentation to the The First UK/USA-Niger Investment Forum, June, 2012 London,

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Presentation on theme: "Advanced Uranium Exploration & Development Projects in Niger, West Africa Presentation to the The First UK/USA-Niger Investment Forum, June, 2012 London,"— Presentation transcript:

1 Advanced Uranium Exploration & Development Projects in Niger, West Africa Presentation to the The First UK/USA-Niger Investment Forum, June, 2012 London, UK

2 2 Global Atomic - Who we Are Typical landscape in the Tim Mersoi Basin

3 Global Atomic - Who we Are Global Atomic is a private, Canadian company, actively engaged in the exploration and development of uranium deposits in Niger, West Africa Incorporated in January, 2005, by former executives of Denison Mines Limited, one of the worlds premiere uranium companies Since signing its permit agreements in 2007, Global Atomic has worked diligently to unlock the uranium potential in the Tim Mersoi basin, near Agadez 3

4 Global Atomic - Who we Are Global Atomic, by agreement with the Republic of Niger has a 90% interest, Niger has a 10% carried interest in : four contiguous uranium permits - Tin-Negouran 1, 2, 3 and 4 (the TN Permits); and two contiguous uranium permits known as Adrar Emoles 3 and 4 (the AE Permits). 4

5 Global Atomic - Who we Are The six permits cover an area of approximately 3,000 square kilometres in the Tim Mersoi Basin The Tim Mersoi Basin is one of the worlds largest uranium basins and hosts all currently known uranium deposits in Niger Proven potential for large, elephant size, deposits are a reality…eg. Arevas Imouraren deposit of over 300 million pounds of uranium oxide (U 3 O 8 ) 5

6 6 Global Atomic – Our Projects Adrar Emoles 3 Permit Dajy Area Dasa open pit Dasa/Dajy underground Adrar Emoles 4 Permit Isakanan Underground/In situ leaching Isakanan channel Tin Negouran 1 – 4 Permits Tagadamat open pit Tegama channel – large paleo channel defined by drilling Akenzigi – surface exploration

7 7 7 Global Atomic – Our Projects Dasa 1, 2, 3

8 3D Wireframe Model Dasa 1,2 and 3 8

9 Dasa 3 Block Model 9

10 10 New Discovery...Dasa Deeps Discovery in the Graben at Dasa 3 Recent drilling: ASDH 248: from 256 to 281 m – 2092 ppm over 25 m ASDH 254: from 307 to 350 m – 717 ppm over 43 m including: from 315 to 335 m – 1182 ppm over 20 m ASDH 307: from 437 to 467 m – 3486 ppm over 30 m Drilling will continue to explore this new discovery with an initial resource estimate anticipated by year end 2012

11 Global Atomic - Our Goals Build a world class uranium mining company through: Development of the TN and AE Properties; and Acquisition of additional uranium projects in Niger and elsewhere in the world Upon completion of a feasibility study in March 2013, Global Atomic plans to construct its first mine at Dajy/Dasa, with construction scheduled to begin in 2014 Targeting a 2 million pound annual capacity ramping up to 5 million pounds per annum by 2020 Additional deposits such as Isakanan, currently being drilled, will enter the construction and development phase after Dajy/Dasa 11

12 Global Atomic - Our Goals Direct employment for up to 500 people at the first mine site with indirect employment for between 3,500 and 4,000 people in Niger, in supporting roles including construction and suppliers $300 million investment to build the first mine and facilities Rank in the top 10 uranium companies globally once at full capacity and the second largest producer in Niger 12

13 Global Atomic - Our Experience Experienced management team - highly qualified uranium mining professionals with a strong mix of exploration, development and financing expertise Experienced Board of Directors including Geologists, Mining Engineers and Financial Professionals Experienced team of technical advisors with extensive background in the development, mining and marketing of uranium 13

14 14 Key Management Stephen G. Roman Chairman, President & CEO Entrepreneur and financier with over 30 years experience in the resource sector; father, Stephen B. Roman, founded Denison Mines Limited, one of the worlds largest uranium mining companies Former senior officer at Denison Mines and Founder and Co-Chairman of Gold Eagle Mines Ltd. which was sold to Goldcorp for $1.5 billion Extensive director-level public mining company experience Fergus P. Kerr Vice President, Operations Mining engineer and uranium specialist, Royal School of Mines, UK More than 35 years of mining industry experience, including GM at Denison Elliot Lake uranium mine and Mine Manager at Incos Sudbury operations George A. Flach Vice President, Exploration & Director Professional geologist with 25 years experience, particularly in Africa Number of discoveries to his credit, including the Father Brown deposit (Golden Star) and 20Moz Tarkwa deposit (Gold Fields) Ibrahim Alisso Niger Country Manager Geologist with 20 years experience at the Niger Ministry of Mines Manager of Exploration Projects and Director of the Geological Research Department Rein A. Lehari CFO Chartered Accountant and former PriceWaterhouse partner Primary focus over career on mining and real estate Involvement with numerous international mining companies Timothy N. Campbell Vice President & Secretary 20 years experience in corporate finance, regulatory affairs, operations management of junior resource and other publicly listed companies George Davis Controller Chartered Accountant 5 years with PriceWaterhouseCoopers as part of mining audit practice Amido Boukari Geologist/Niger team 25 years uranium exploration experience in Tim Mersoi Basin 10 years with the Power Nuclear Company of Japan

15 15 Board of Directors Stephen G. Roman, B.A. Chairman, President & CEO As previous slide George A. Flach, P.Geo. Vice President, Exploration & Director As previous slide Peter J.M. Hooper, P.Eng., P.Geo. Director Senior mining engineer and geologist; former senior officer of Dynatec Mining Limited Principal of Hooper Mining Services President and CEO of Macusani Yellowcake and Kilo Goldmines Derek C. Rance, P.Eng., MBA Director Chairman and Senior Associate of Behre Dolbear & Company Ltd., a consulting company providing assistance to the mineral industry Formerly President and COO of the Iron Ore Company of Canada Andrew C. Rickaby, B.Sc. Director Former Vice President of Mining Operations at Denison Mines Limited Over 40 years uranium mining industry experience in Canada, USA and Kazakhstan H. Douglas Scharf, C.A. Director Chartered Accountant with 30 years of experience in mining Former senior executive with numerous mining companies including HudBay, Southern Cross (Uranium One), Inmet and Placer Dome

16 Global Atomic - Our International Team Global Atomic retains international service providers to support the development of the Companys projects in Niger These include: SRK, geology, ore reserves, block modelling SGS, Lakefield, metallurgy Hatch, flow sheet design, milling options INNOVAT, milling options ORTECH, process design, milling options MINTEK, heap leach test work Fugro Geophysical Services, airborne geophysics SDV/Bollore, shipping and logistics Fasken Martineau LLP, legal and regulatory WeirFoulds LLP, legal and regulatory PricewaterhouseCoopers, accounting and audit 16

17 17 Global Atomic - Our Niger Team Global Atomic retains many local service providers to support the development of the Companys projects in Niger These include: Esafor, drill contractors Foraco, drill contractors Enysa, drill contractors Cogeico-Niger, road building and civil works contractors Legeni, drilling and laboratory testing Art et Génie, environmental, including EBS and EIS Sahel Lab, sample preparation and radiation surveys/monitoring

18 Global Atomic - Governance and CSR Global Atomic is committed to good governance and the ongoing development of a strong Corporate Social Responsibility (CSR) profile Global Atomics Health, Safety and Environmental Statement reflects the Companys adherence to best practices in radiation protection, safety, environmental responsibility and sustainability as well as working with the communities in which it operates 18

19 Global Atomic - Governance and CSR Global Atomic is in the process of further developing leading CSR policies and procedures: areas such as community development, crisis relief, food aid, anti-bribery and corruption ensure company practices meet and exceed international standards Global Atomic is committed to being on the forefront of developments for CSR in Niger as it continues to grow as a company 19

20 20 Good Corporate Citizen In excess of $20 million spent on exploration in Niger over the last 5 years through thick and thin - continued to work while others stopped Currently employing over 200 people and utilizing many local service companies including drilling companies, labs, road building contractors, etc. Provide sustained community support through food donations, water wells and medical support

21 Republic of Niger - Land of Opportunity Niger is the fifth largest uranium producing and exporting country in the world Nigers significant mineral endowment requires international investment and international partnerships to fully develop Other natural resources include coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt and hydrocarbons The Fraser Institute rankings (2011) show Niger as a mining friendly jurisdiction (ahead of Ghana, Peru and Canadas Northwest Territories) Niger has a high level of technical expertise available for exploration and mine development Niger need not be poor! 21

22 Republic of Niger - Land of Opportunity Development of uranium mines in Niger began in 1968 To date, the Government of Niger has granted approximately: 128 uranium exploration permits to over 30 companies from: Canada France United Kingdom United States South Africa Russia Australia India China 22

23 Republic of Niger - Land of Opportunity The political situation in Niger has stabilized The new President, Mahamadou Issoufou elected in March, 2011, in elections that were widely perceived as fair, credible and peaceful. Solid understanding of mining National Director of Mines from 1980 to 1985 Became Secretary-General of the Mining Company of Niger Niger became compliant with the Extractive Industries Transparency Initiative (EITI) in March,

24 Tim Mersoi Basin, one of the worlds largest uranium basins with elephant size deposit potential Continuous, uninterrupted uranium mining for over 40 years Niger 2010 production of 9 million lbs – worlds 5 th largest producer 24 Uranium in Niger - Summary Key players * *11% interest in Goviex (private)

25 Uranium in Niger - Summary New mining code adopted in 2007: Government has 10% carried interest Can buy additional 30% by funding pro-rata 30% tax rate, 3-year tax holiday, sliding scale royalties 100% repatriation of profits Quick approvals to mining permits post-feasibility and EIS: China Nuclear Teguida Project – 5 months AREVA Imouraren Project – 4 months 25

26 Global Atomic – Our Future Complete NI compliant technical reports on the Dajy/Dasa, Isakanan and Tin Negouran projects Complete NI compliant Pre-feasibility Study for a uranium mining and processing facility at Dajy/Dasa with additional feed (loaded resin) from Isakanan, and Tin Negouran in a Preliminary Economic Assessment (PEA) Explore for other sources of uranium for the Dajy central processing plant 26 Central Plant Isakanan Dasa Pit Tin Negouran

27 Global Atomic – Where We Want To Be ppm = 1 pound U 3 O 8 = 0.045%

28 28 Niger – Country Photos

29 29 Niger – Country Photos

30 30 Niger – Country Photos

31 31 Niger – Country Photos

32 32 Niger – Country Photos

33 33 Niger – Country Photos

34 34 Niger – Country Photos

35 35 Niger – Country Photos

36 36 Niger – Country Photos

37 37 Niger – Country Photos

38 38 Niger – Country Photos

39 39 Niger – Country Photos

40 40 Niger – Country Photos

41 41 Niger – Country Photos

42 42 Niger – Country Photos

43 43 Niger – Country Photos

44 44 Niger – Country Photos

45 45 Global Atomic Fuels Corporation is committed to: providing a safe work environment operating in an environmentally responsible and sustainable manner working with the communities in which it operates Health, Safety and Environment Statement

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