Company Pr ofile Disc o ve re d in 1969 b y Oilmin NL , T ranso - PowerPoint PPT Presentation

Be ve r le y Company Pr ofile • Disc o ve re d in 1969 b y Oilmin NL , T ranso il NL , & Pe tro min NL . • A draft E I S was pro duc e d in 1982 b ut plans to mine it b y I SR we re ab ando ne d in 1983 whe n F e de ral L ab o r Go ve rnme nt intro duc e d the thre e mine s po lic y. • T he de po sit was so ld to He athg ate Pty L td, in 1990. • Ab ando nme nt o f the thre e mine s po lic y in 1996 made way fo r Be ve rle y appro vals to c o nc lude . He a thg a te Re so urc e s Pty L td • Affilia te o f Ge ne ra l Ato mic s • E sta b lishe d in 1990; b a se d in Ade la ide Owne r/ Ope ra to r o f the Be ve rle y & Be ve rle y No rth mine s • • Se rvic e pro vide r to Qua sa r Re so urc e s Pty L td ~ 5800 km 2 e xplo ra tio n le a se s & 300 km 2 mining le a se s • Beverley Uranium Mine • Ac tive e xplo re r sinc e 2002 (se dime nta ry U fo c usse d) >A$1.25 b illio n inve ste d in o pe ra tio ns a nd e xplo ra tio n fo r a dditio na l re so urc e s in the F ro me Ba sin • F irst I SR pro duc tio n c o mme nc e d in 2000 (Be ve rle y) • • Appro xima te ly 155 e mplo ye e s (20% o f mine wo rkfo rc e fro m lo c a l Ab o rig ina l c o mmunitie s) Qua sa r Re so urc e s Pty L td • Affilia te o f Ge ne ra l Ato mic s Owne r o f the F o ur Mile Mine • 1

Re gional Pic tur e – F r ome E mbayme nt 2

De posits Pepegoona Satellite Plant Four Mile Northeast Disc ove r Disc ove r ie s 2009- 2010 ie s 2009- 2010 Disc ove r e d 2005 Pannikan Satellite Plant Map Ar e a Pr Pr oduc tion Q3 2010 – Q1 2014 oduc tion Q3 2010 – Q1 2014 Pr oduc tion Q2 2014 - pr e se nt Trunkline Four Mile Booster Pumps East Deposit Beverley North ML Port Aug usta Four Mile Powerline Disc ove r e d 1969 ADE L AIDE West Deposit Pr oduc tion 2000- De c 2013 Powerline Road < Camp Beverley Deposit Beverley Plant T he ISR Pr oc e ss • Use d sinc e 2000 in the F ro me Ba sin 3 O 8 pro duc tio n • ~45% o f g lo b a l U Beverley ML Four Mile ML • L o we r c o sts c o mpa re d to c o nve ntio na l mining • T ypic a l Re c o ve ry ~70% in 12 mo nths 5 Approximately 550km north of Adelaide 2

ISR o pe ra tio ns mo ve hig h vo lume s o f g ro undwa te r thro ug h ne two rks o f pro duc tio n we lls, pipe infra struc ture , we llho use s a nd filtra tio n ISR Mining Me thod Pic ture c o urte sy o f the NRC F or suc c e ssful ISR mining… . Ore b o dy must b e pe rme a b le a nd wa te r b e a ring • • Ide a lly is ve rtic a lly c o nfine d (a b o ve a nd b e lo w) b y impe rme a b le la ye rs 3

Uppe r L imb Roll Nose Pr otor e R e dox F r ont L owe r L imb Roll F ront in Ope n Pit Mine – South T e xa s