A Joint Venture The right people The right projects.

35
A Joint Venture The right people The right projects

Transcript of A Joint Venture The right people The right projects.

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 ProjectLocated in the Northern Territory,

South of Darwin

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

Chilling Project: 130 k strike length

Chilling Project

Exploration Status Ground prospecting underway Radiometric survey to commence in September

quarter

Charley Creek ProjectLocated in the Northern Territory,

West of Alice Springs

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

Charley Creek Project

Charley Creek Project

Exploration Status Numerous Uranium targets identified Airborne electromagnetic survey completed Final report due Drill permits in place

Kalabity ProjectLocated in South Australia,

West of Broken Hill

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

Kalabity Project

Kalabity Project – Uranium in calcrete

Olympic Dam style target

Kalabity Project – Copper in calcrete

Olympic Dam style target

Kalabity Project

KR4 target shows strong radiometrics at surface

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

Pancontinental Uranium Corp. PUC:TSX V

Shares Outstanding 49,806,492

Crossland Uranium Mines Ltd. CUX:ASX

Shares Outstanding 114,217,770

Unparalleled uranium experience

Highly prospective land package

Exploration, financing and operating expertise

Global focus

www.panconu.com

TSXV: PUC

www.crosslanduranium.com.au

ASX: CUX