Upload
arne
View
54
Download
1
Tags:
Embed Size (px)
DESCRIPTION
Advanced Uranium Exploration & Development Projects in Niger, West Africa. Presentation to the The First UK/USA-Niger Investment Forum, June, 2012 London, UK. Global Atomic - Who we Are. Typical landscape in the Tim Mersoi Basin. 2. Global Atomic - Who we Are. - PowerPoint PPT Presentation
Citation preview
Advanced Uranium Exploration & Development Projects in Niger, West Africa
Presentation to the The First UK/USA-Niger Investment Forum, June, 2012 London, UK
2
Global Atomic - Who we Are
Typical landscape in the Tim Mersoi Basin
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 world’s 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
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
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 world’s largest uranium basins and hosts all currently known uranium deposits in Niger
Proven potential for large, “elephant size”, deposits are a reality…eg. Areva’s Imouraren deposit of over 300 million pounds of uranium oxide (U3O8)
5
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
77
Global Atomic – Our Projects
Dasa 1, 2, 3
3D Wireframe Model Dasa 1,2 and 3
8
Dasa 3 Block Model
9
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 mincluding: 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
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
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
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
Key ManagementStephen 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 world’s 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 Inco’s 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 AlissoNiger 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. CampbellVice President & Secretary
• 20 years experience in corporate finance, regulatory affairs, operations management of junior resource and other publicly listed companies
George DavisController
• Chartered Accountant• 5 years with PriceWaterhouseCoopers as part of mining audit practice
Amido BoukariGeologist/Niger team
• 25 years uranium exploration experience in Tim Mersoi Basin • 10 years with the Power Nuclear Company of Japan
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., MBADirector
• 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
Global Atomic - Our International Team
Global Atomic retains international service providers to support the development of the Company’s 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
Global Atomic - Our Niger Team
Global Atomic retains many local service providers to support the development of the Company’s 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
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 Atomic’s Health, Safety and Environmental Statement reflects the Company’s adherence to best practices in radiation protection, safety, environmental responsibility and sustainability as well as working with the communities in which it operates
18
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
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
Republic of Niger - Land of Opportunity
Niger is the fifth largest uranium producing and exporting country in the world
Niger’s 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 Canada’s Northwest Territories)
Niger has a high level of technical expertise available for exploration and mine development
Niger need not be poor!21
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
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, 2011.
23
Tim Mersoi Basin, one of the world’s largest uranium basins with “elephant size” deposit potential
Continuous, uninterrupted uranium mining for over 40 years
Niger 2010 production of 9 million lbs – world’s 5th largest producer
24
Uranium in Niger - Summary
Key players
*
*11% interest in Goviex (private)
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
Global Atomic – Our Future
Complete NI 43-101 compliant technical reports on the Dajy/Dasa, Isakanan and Tin Negouran projects
Complete NI 43-101 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
Global Atomic – Where We Want To Be
27
Extract
A-Cap Resources
Bannerman
Forsys Metals
Deep Yellow
Toro
MantraBerkeley
Energy & Minerals
Global Atomic(Current)
Global AtomicAdrar Emoles
(Geological Potential)
Laramide
Rockgate
Strathmore
Uranium Resources
0
100
200
300
400
500
0 400 800 1,200 1,600 2,000
Average Grade (ppm)
Att
rib
uta
ble
Res
ou
rces
(M
lbs)
Source: Liberum Capital, Company Disclosures as of May 2011Bubble size denotes resourcesGlobal Atomic Adrar Emoles Geological Potential based on low end of NI 43-101 estimateExcludes companies with <20Mlbs resources and/or <$20m EV
454 ppm = 1 pound U3O8 = 0.045%
28
Niger – Country Photos
29
Niger – Country Photos
30
Niger – Country Photos
31
Niger – Country Photos
32
Niger – Country Photos
33
Niger – Country Photos
34
Niger – Country Photos
35
Niger – Country Photos
36
Niger – Country Photos
37
Niger – Country Photos
38
Niger – Country Photos
39
Niger – Country Photos
40
Niger – Country Photos
41
Niger – Country Photos
42
Niger – Country Photos
43
Niger – Country Photos
44
Niger – Country Photos
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