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© 2014
Focused on a World Class Discovery
© 2014
Forward Looking Information
This presentation contains forward-looking statements, which represent the Company’s internal projections, expectations or beliefs concerning, among other things, the Company’s future economic performance and operating results. By their nature, forward looking statements are subject to numerous risks and uncertainties which may cause the Company’s actual performance and financial results in future periods to differ materially from any estimates or projections. Significant risks and uncertainties are discussed in the Company’s reports to shareholders and other documents filed with the Canadian Securities Regulatory authorities.
Technical information and results presented here have been reviewed by Chad Ulansky, PGeol, a qualified person under National Instrument 43-101, who is responsible for the technical content of this release.
© 2014
Mission Statement
“Northern Uranium is focused on discovering a world class uranium deposit within its
Northwest Manitoba project”
© 2014
Experienced Management
Chad Ulansky, PGeol - President and CEO-25 years of international exploration experience
Gennen McDowall, B.Sc. – Director-over 30 years of international exploration experience with an uranium focus
Jennifer Irons, CPA, CA - Director-10 years of accounting and financial reporting experience
Keiven Bauer, CMA – COO-30 years experience as a Management Accountant
Charles Fipke, PhD – Advisor and significant shareholder-discovered the Ekati Diamond Mine
© 2014
Property on Mine Trend
© 2014
Athabasca Uranium Deposits
• The uranium deposits of the Athabasca basin have exceptionally high gradeo Cigar Lake and McArthur River have in
excess of 20% U3O8
o Even at $30/lb, this equates to an in situ rock value of $13,200 per tonne
© 2014
Target Deposit Type
Sediment and Basement Hosted End Members
Cigar LakeMcArthur River
© 2014
Exploration Techniques• Prospecting
o To locate uraniferous boulders
• Magneticso Assists in defining structural preparation (faulting)
• Electromagneticso Maps out graphitic units (conductors)
• Gravityo Defines areas of potential alteration (gravity low)
• Radono Indicates the presence of uranium at depth
© 2014
Prospecting Results• Abundant uraniferous mineralization identified
o In situ at up to 9.5% U3O8, boulders up to 66% U3O8
© 2014
Airborne Magnetics• Shows faulting which could provide an important
pathway for mineralizing fluids
© 2014
Airborne Electromagnetics• Identified a 35km long conductor (graphitic unit?) which, as a
reductant, would promote the precipitation of uranium mineralization
© 2014
Ground Gravity• Gravity lows possibly reflect alteration haloes which could be
caused by mineralizing fluids
© 2014
Fundamentals of Radon Surveys
• As a gas it can migrate up through permeable rock and soil to surface
• Thus anomalous concentrations of radon gas can reflect uranium mineralization at depth
Radon gas is produced by the decay of uranium
© 2014
Exceptional Radon Results
© 2014
Summary• All of the work completed to date supports the
presence of high grade uranium mineralization on the project
o Abundant uraniferous boulders and in situ mineralization
o Numerous faults as shown on the magnetic surveyo A 35km long conductor interpreted to be graphitico Large gravity lows possibly reflecting alteration haloeso Exceptional radon results on land and in water
© 2014
Future Work
• An extensive drill program is currently underway
o A Rotary Air Blast drill is being used to rapidly assess targets
o A diamond drill will follow up on mineralized intersections
© 2014
Earn-In Terms • Northern Uranium can earn up to an 80%
interest through a 3 stage earn in:
o 50% - spend $3.2M by the end of 2014 ($1.9M spent to date) and issue 4.5M shares and 2.25M warrants
o 70% - spend $2.8M and issue 2.5M shares and 1.25M warrants within an additional 2 years
o 80% - spend $5.6M and issue 5M shares and 2.5M warrants within an additional 2 years
© 2014
Current Structure
TSX-V: UNO
Shares outstanding: 42,309,016
52 week high: $0.30
52 week low: $.085
Market cap: ~ $5 million
Insider Ownership: ~ 9M shares (22%)
© 2014
203-1634 Harvey Ave
Kelowna, BC
V1Y 6G2
Tel: +1 250 448 4110
Chad Ulansky, President
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