A Joint Venture The right people The right projects.
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Transcript of A Joint Venture The right people The right projects.
Introduction Management…The Right People Australian Exploration…The Right Projects International Subsidiary…Crosscontinental Capitalization Summary
September 17, 2007 London, EnglandRick Mark, Pres & CEO, Pancon UBob Cleary, Chairman, Crossland U
Pancon U to contribute A$8 million to earn:• 50% interest in Crossland’s interest in all
Uranium properties in Australia
Crosscontinental Uranium Limited (50:50)• To discover or acquire and develop Uranium
deposits outside Australia
The Joint Venture
The International Subsidiary
The Right People
Bob ClearyChairman of Crossland,
Consultant to Pancon
Joined Energy Resources of Australia (ERA) in 1986 as Operations Manager at Ranger
General Manager Operations at Ranger in 1989 CEO from 1999 to 2004
ERA’s Ranger Uranium Mine
The Right People
Geoff EupeneExploration Director of Crossland,
Director of Pancon
Extensive Australian uranium experience spanning over 35 years
Expert in Unconformity Related Uranium Deposits (URD) such as Ranger and Jabiluka
Led the team that discovered the Ranger 68 deposit Managed Resource Evaluation of the Ranger orebodies
The Right People
David MosherDirector of Pancon
Led the team that discovered Jabiluka President/CEO of High River Gold Mines Ltd. Over 30 years of experience in Australia, Canada, the United
States, Russia, Asia and Africa
The Right People
Peter WalkerDirector of Crossland, Pancon
More than 30 years of experience in resource law
Significant experience in Australia’s Northern Territory land access and resource law
Advised on the Jabiluka and Ranger agreements
The Right People
Bob RichardsonDirector of Crossland,
Consultant to Pancon
Expert in uranium geophysics More than 40 years of experience Supervised all geophysical work during the Ranger discovery
in the Alligator Rivers Uranium Field
Decades of Experience
1975: Geoff Eupene marking off lease applications
1975: Bob Richardson with PM Gough Whitlam at Jabiru after Ranger 1 discovery
1975: Geoff Eupene explains mineralization
to Resources Minister Dr. Rex Paterson
The Right Projects
All are located in mining friendly Northern Territory (NT) and South Australia (SA).
NTSA
Chilling Project
Flagship project with promising untested uranium terrain
Prolific area mirrors the Jabiluka-Ranger-Koongarra Corridor (JRK) which contains:
300,000 tonnes U3O8
Chilling
Western Creek
Lake Woods
Baines
Sylvester
Australia’s Northern Territory: The Top End
Chilling Project
Targets are deposits similar to Jabiluka, Ranger and Koongarra
Covers 130 kilometre strike length of unconformity• JRK Corridor strike length (40 kilometres)
Land package includes 1000 km2 of granted titles and 800 km2 of applications
Chilling Project
Sparsely tested with encouraging results so far• Assays up to 0.395% U3O8
Main target zone lies beneath sandstone cover• Similar to deposits in West Arnhem Land and
Saskatchewan, locations of the world’s richest Uranium deposits
Basement geology resembles Olympic Dam type mineralization
Chilling Project
Exploration Status Ground prospecting underway Radiometric survey to commence in September
quarter
Charley Creek Project
Radioactive Teapot Granite uranium target• Visible secondary uranium mineralization on fractures
with values up to 0.23% U3O8
Titles cover extensive drainages and sediment basins downstream of the Teapot Granite• Prospective for calcrete and sandstone redox-style deposits
Titles cover 704 km2
Charley Creek Project
Exploration Status Numerous Uranium targets identified Airborne electromagnetic survey completed Final report due Drill permits in place
Kalabity Project
Titles cover part of the Curnamona Craton • Host to Radium Hill, Honeymoon and Crockers Well
Uranium mineralization outcrops show: • Radium Hill similarities
• Prospective calcrete deposit targets
Scant testing and widespread evidence of uranium and base metals
Olympic Dam style targets for base metals and gold identified
Airborne radiometric survey completed Initial auger drilling program completed Over 1000 samples being assayed
Kalabity Project
Exploration Status
Crosscontinental Uranium The JV partners have established a private Canadian
company, Crosscontinental Uranium Ltd., which is owned and financed on a 50:50 basis.
It’s mandate is to explore for Uranium outside Australia. Applications are submitted for exploration in Burkina
Faso, West Africa.• Extensive exploration program planned.
Crosscontinental Uranium
Burkina Faso
European Development Fund
2003 Mineral Potential Study
- Uranium
Unparalleled uranium experience
Highly prospective land package
Exploration, financing and operating expertise
Global focus