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CASE HISTORY 2

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  1. CASE HISTORY 2 URANIUM MID-WEST USA copyright GEOTASK PTY LTD

  2. URANIUM SPECIAL REFERENCE TO THE UNITED STATES There are no restrictions on mining and exploration for uranium in the United States by foreign organizations in the areas contemplated. copyright GEOTASK PTY LTD

  3. DISCLAIMER • The federal mining claims received from the Bureau of Land Management (BLM) may not be complete spatially. It is only a snapshot of what the BLM have been able to derive spatially from available public land survey and mining claim data that hasbeenentered in LR2000. • There *can* be federal mineral claims on private, state, and other federal agency surface land. Sometimes the federal government will dispose of the surface rights but retain the sub-surface rights. BML do not have a spatial layer showing sub-surface rights. • The graphical display of land and mineral parcels and mining claims are NOT a substitute for the official BLM or county land and mineral records. Not all land and mineral records are displayed in this system. There could be land and mineral records and mining claims that occur on the lands but are not displayed on the map you are viewing. Please refer to the LR2000 system for a complete list of land and mineral records. copyright GEOTASK PTY LTD

  4. URANIUM – WHY? • WORLDWIDE • NUCLEAR POWER RENAISSANCE • 6,000 Nuclear Plants by 2050 • http://www.larouchepub.com/other/2005/3225build_6000_nukes.html • DESALINATION AND ELECTRICITY • http://www.larouchepub.com/eirtoc/site_packages/2006/nuclear_toc.html • http://www.larouchepub.com/eirtoc/index.html copyright GEOTASK PTY LTD

  5. URANIUM - PRICE copyright GEOTASK PTY LTD

  6. Resource Category <USD 40/kgU <USD 80/kgU <USD 130/kgU Reasonably Assured 1 947 000 2 643 000 3 297 000 Inferred 799 000 1 161 000 1 446 000 Prognosticated NA 1 700 000 2 519 000 Speculative NA NA 4 557 000 Total 2 716 000 5 504 000 11 819 000 TOTAL WORLD URANIUM RESOURCES copyright GEOTASK PTY LTD

  7. URANIUM WORLD PROJECTS • WORLD WIDE • 10,026 PROJECTS • USA • 9,617 PROJECTS • AUSTRALIA • 1,085 PROJECTS copyright GEOTASK PTY LTD

  8. URANIUM ORE DEPOSIT TYPES copyright GEOTASK PTY LTD

  9. USA - URANIUM • USA • 9,617 PROJECTS • TOP 4 STATES • WYOMING • 2,551 LOCATIONS • COLORADO • 1,950 LOCATIONS • UTAH • 1,739 LOCATION • NEW MEXICO • 785 LOCATIONS copyright GEOTASK PTY LTD

  10. URANIUMMID-WEST USA4 STATES(WYOMING, COLORADO, UTAH, NEW MEXICO) • WYOMING • 2,551 LOCATIONS • COLORADO • 1,950 LOCATIONS • UTAH • 1,739 LOCATION • NEW MEXICO • 785 LOCATIONS copyright GEOTASK PTY LTD

  11. USAFEDERAL LAND, PUBLIC DOMAIN • MINERAL TITLES • MINERAL CLAIMS • FEDERAL MC • STATE MC • PRIVATE MC • FEDERAL MC, • POST 1976 • PUBLIC DOMAIN LAND copyright GEOTASK PTY LTD

  12. URANIUM ORE DEPOSIT TYPES copyright GEOTASK PTY LTD

  13. SANDSTONE ROLL TYPE URANIUM DEPOSITS copyright GEOTASK PTY LTD

  14. WYMOING SELECTED PROJECTS • 3 SELECTED PROJECTS • Gas Hills • Shirley Basin • Highland copyright GEOTASK PTY LTD

  15. COLORADO SELECTED PROJECTS • 43 SELECTED PROJECTS • URAVAN U-V BELT copyright GEOTASK PTY LTD

  16. UTAH SELECTED PROJECTS • 256 PROJECTS • URAVAN U-V BELT copyright GEOTASK PTY LTD

  17. NEW MEXICO SELECTED PROJECTS • 14 PROJECTS • GRANTS REGION copyright GEOTASK PTY LTD

  18. URANIUM AUSTRALIA1,085 PROJECTS • WA • 130 PROJECTS • NT • 385 PROJECTS • QLD • 432 PROJECTS • NSW • 25 PROJECTS • VIC • 4 PROJECTS • SA • 103 PROJECTS • TAS • 6 PROJECTS copyright GEOTASK PTY LTD

  19. Company Name Energy Resources of Australia Limited Uranium Equities Limited Acclaim Exploration N.L. Deep Yellow Limited Summit Resources Limited Paladin Resources Ltd Redport Limited Berkeley Resources Limited Arafura Resources NL Murchison United NL OmegaCorp Limited Scimitar Resources Limited Marathon Resources Limited PepinNini Minerals Limited Curnamona Energy Limited Kalgoorlie-Boulder Resources Limited Bannerman Resources Limited Energy Metals Limited Company Name Nova Energy Limited Monaro Mining NL Uranium Exploration Australia Limited Strike Resources Limited Uranex NL Energy Ventures Ltd Globe Uranium Limited Valhalla Uranium Limited Encounter Resources Limited Toro Energy Limited Aura Energy Limited Newera Uranium Limited U3O8 Limited West Australian Metals Ltd A-CAP Resources Limited Alliance Resources Limited Sabre Resources Limited Western Uranium Limited Southern Gold Limited ASX – URANIUM COMPANIES

  20. AUSTRALIAN URANIUM INDEX copyright GEOTASK PTY LTD

  21. USA Largely unpegged 9,617 KNOWN PROJECTS WYOMING, COLORADO, UTAH , NEW MEXICO 7,020 PROJECTS WYOMING, COLORADO, UTAH , NEW MEXICO SELECTED 317 PROJECTS AUSTRALIA Largely pegged THREE MINES POLOICY NT AND SA 494 PROJECTS WA, QLD, NSW, VIC, TAS 591 PROJECTS URANIUMUSA VS AUSTRALIA copyright GEOTASK PTY LTD

  22. THE END IAN MILLER GEOTASK PTY LTD EMAIL geotask@iinet.net.au copyright GEOTASK PTY LTD