Exploration For the Future September.2014. Exploration for the futurePage 2 Disclaimer Statements...

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Exploration For the Future September.2014

Transcript of Exploration For the Future September.2014. Exploration for the futurePage 2 Disclaimer Statements...

Page 1: Exploration For the Future September.2014. Exploration for the futurePage  2 Disclaimer Statements contained in this presentation involve known and unknown.

Exploration For the Future

September.2014

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Disclaimer

Statements contained in this presentation involve known and unknown risks and uncertainties. Forward-looking statements in this presentation include, but are not limited to, statements with respect to the merits of the Company's mineral properties and the Company's plans, exploration programs and studies for its mineral properties, including the timing of such plans, programs and studies. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in the estimation of mineral resources; Company’s ability to finance exploration works and expenditures sufficient to fulfil all option requirements and covenants set forth in the option agreement pertaining to its mineral properties; fluctuation in uranium prices; changes in general economic and market conditions; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; and title disputes or claims. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this presentation and the Company is under no obligation to update or alter any forward-looking statements.

Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration costs; expected trends in uranium prices and demand; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

Certain technical information in this presentation was taken from technical reports, prepared by Roscoe Postle Associates Inc., and is subject to all of the assumptions, qualifications and procedures described therein.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the mineral resources will be categorized as mineral reserves.

Jonathan Lafontaine, P.Geo., President, SeqUr Exploration Inc., is the Qualified Person who supervised the preparation of the technical data in this presentation.

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Who we are

Spin off company created from Strateco Resources• Strateco advanced the Matoush uranium exploration project in the Otish

sedimentary basin in Quebec to an underground exploration phase• Matoush Project went from an odd uraniferous surface showing with no

resources in 2006 to 12+ Mlbs of indicated resources and 16+ Mlbs in inferred resources in Dec 2012

• Strateco’s technical and administrative staff is qualified to pursue advanced underground exploration and obtained the first such licence accorded to a junior company by the Canadian Nuclear Safety Commission

• Currently the Matoush project is suspended by provincial jurisdiction• SeqUr is meant to be a vehicle whereas Strateco’s technical team will become the

foundation of a new endeavour in uranium exploration

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Current board of directors

Jonathan Lafontaine, President of SeqUr Exploration• Professional geologist in Quebec, Saskatchewan, and New Brunswick• Current Chief Geologist at Strateco Resources• Participated in the technical discovery and development of high grade uranium deposits for a total of approximately 35 Mlbs in

various geological settings, including the Athabasca Basin• Directly involved with the on-site Matoush project development

Guy Hébert• Current President and CEO of Strateco Resources• Secured over 120 M$ in financing for the Matoush project• Brought 3 different gold and base metal mines into production

Jean-Pierre Lachance• Current Executive and Exploration VP of Strateco Resources• Extensive experience in various commodities and production levels throughout the world

Charles Riopel• Representative of The Sentient Group – a major shareholder• Previously investment director responsible for metals and mining group for Société Générale de Financement du Québec (now

Investissement Québec)• Director of several public and private companies

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Share distribution

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SeqUr Exploration – Mission statement and corporate values

Mission:Our mission as a company is to become one of the most active and successful uranium mining exploration companies, creating long-term value for our shareholders, customers, and employees through a passionate commitment to acquiring, exploring and advancing a portfolio of uranium projects without compromising quality of life for future generations.

Vision:To be a well-respected and renowned uranium exploration company cited by our peers, our workers, our shareholders, and the local communities for our best practices

Values:• Act with integrity and respect for others • Conducting our activities in a safe and environmentally responsible manner• Establishing good relations with the local communities in which we operate• Be exemplary in demonstrating a strong safety culture• Deliver return on investment expected by our shareholders • Commit to achieve success

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Our Strategy

Our strategy is to focus on exploring and developing uranium projects:

• Uranium is a unique and niche commodity with a limited number of knowledgeable and experienced companies

• Our technical staff has not only shown that it has a proven track record of understanding the geological aspects of exploration and add value to these projects, but has a reputation of advancing these projects to the next level

• Our strategy is to concentrate our resources and efforts on building a promising property portfolio in known pro-mining jurisdictions

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Reasons to invest in uranium exploration

Generalized increase in demand for low-carbon electricity production throughout the worldRelatively stable and predictable nuclear power demand is a key economic factor

Nuclear power plants operating safely and further deployement scheduled all around the worldAccording to World Nuclear Association *:

• 435 plants currently operational (30 countries)• 72 reactors under construction (14 countries)• 174 reactors currently planned (26 countries)• 299 reactors currently proposed (35 countries)

Economic forecasts indicate strong uranium demand increaseForecasts of 50- 88% uranium demand increase by 2030*Strong lag (10-15%) of supply with respect to demand to be expected **

Stimulating new discoveries and developmentLimited number of recent discoveries that are on track for production

(*World Nuclear Association: world-nuclear.org)(**Internal studies of uranium markets)

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Jasper Lake Option

Option Agreement signed with Denison Mines Ltd in Dec 2013 packaging 4 properties:• Jasper Lake, Ahenakew Lake, Minor Bay, North Wedge

Option to earn-in 49% interest on 4 properties:• $4 M in work commitments (minimum of $1 M in 1st year)• $1 M in total cash payments• Over a period of 3 years

Interest can be increased by an additional 11%, for a total of 60%:• $8 M in work commitments• $2 M in total cash payments• Over the subsequent period of 3 years

Four qualifying reports completed Aug. 29th 2014 by Roscoe Postle Associates Inc.• One report for each property covered under the agreement

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Jasper Lake Option - Overview

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4 Properties,

45 271 ha

18 claims

Ahenakew Lake

Jasper Lake

North Wedge

Minor Bay

Jasper Lake Option – Properties

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Jasper Lake Option - Simplified Geology

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Summary

• East side of the Athabasca Basin

• Straddles both Athabasca Basin and Wollaston Domain Basement

• Relatively thin sandstone cover when present

• Proximity to resource-specific infrastructure including active mills

• Proximity to known mines and deposits

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Jasper Lake Option - Regional Magnetic Survey & Geological Domains

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Summary

• Regional magnetic survey highlights geological domains

• Properties located in the same domain as a great number of high grade uranium deposits

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Ahenakew Lake Property

Summary

• 6 claims (non-contiguous)

• 14,147 ha

• Located approximately 10-15 km from Rabbit Lake Mill

• Transected by Highway 905

• Straddles both Athabasca Basin and Wollaston domain basement

• Historic uranium values encountered in drill core indicates that proper mineralizing conditions existed on the property

• WO-37: 0.12% U3O8 / 0.6 m• HBW-29: 4,350 ppm U / 0.4 m

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Jasper Lake Property

Summary

• 1 claim

• 3,993 ha

• Located approximately 10-15 km from Cigar Lake Mine

• Less than 5km from Cigar Lake haul road

• Underlain by Athabasca Basin

• 240 m to unconformity at its thickest

• Lineament in northern part of property parallel to other known mineralized lineaments in the area

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Minor Bay Property

Summary

• 10 claims (non-contiguous)

• 22,884 ha

• Located approximately 15-20 km from Rabbit Lake Mill

• Transected by Highway 905

• Approximately 6 km from the West Bear deposit (UEX)

• Underlain mostly by Wollaston Domain Basement, some by Athabasca Basin

• Historic overburden sampling program indicates potential un-sourced anomaly on the property

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SeqUr Exploration – North Wedge Option

Summary

• 1 claim

• 4,227 ha

• Located approximately 25 km from Cigar Lake Mine, 5 km from West Bear deposit

• Underlain by Athabasca Basin

• Less than 10 0m to unconformity

• 2 technically successful DDH completed in Feb 2014:

• Total 402 m

• Faults confirmed

• No significant anomalies to date

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Exploration schedule

Phase 1 - 2014 (Fall):• Airborne geophysical surveys

- Terraquest XDS-VLF-EM survey to highlight structural setting of the properties

- Geotech VTEM Maximum survey to highlight conductive response of basement

• Combine and compile results with previous surveys to highlight best potential target zones

• Plan and ensure follow-up prioritizes best target zones

Phase 2 - 2015• Winter:

- Drill test any priority targets on all properties

- Follow-up ground surveys to prioritize secondary targets (e.g. radon)

• Summer:- Drill test any secondary targets highlighted by follow-up ground surveys

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Long term program

Preliminary financing range of 1-4 M$ allows us to:• Meet our commitments to pursue our work on the 4 properties of the Jasper Lake option for up to

18-24+ months:- 800k$ in exploration expenditures before December 2014;

- 650k$ in cash payments to be made to Denison in 2015-16;

- Incur 3M$ in exploration expenditures from 2015-16;

- Evaluate the property to ascertain the possibility of increasing our participation to 60%

After public listing, replacement of M. Hébert & M. Lachance on board of directors

• M. William C. Kerr, past VP Exploration of Denison Mines Ltd.

• M. Marcel Bergeron, current chair of Strateco Resources’ Audit Committee

Evaluate other uranium properties and add to portfolio• Actively discussions with other companies for strategic properties

• Concentrate on the eastern portion of the Athabasca Basin

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Reasons to invest in SeqUr Exploration

Qualified Management • SeqUr is a spin-off of one of a very limited number of canadian companies liscenced by the CNSC

Location• Saskatchewan’s Athabasca Basin:

Home of the largest and highest grade uranium deposits in the world Skilled and knowledgeable work force Politically stable jurisdiction with pro-mining attitude and precedent-setting work frame

• Proximity to resource-specific infrastructure: Short distance to Rabbit Lake Mill Ground access, highway 905 traverses properties Proximity to Points North Landing, airstrip and other services

Respected Partnerships with industry leaders Sentient Group as major investor Roscoe Postle Associates Denison Mines Ltd

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We would be happy to help.Contact us:

Questions?

1225 Rue Gay-LussacBoucherville, Quebec, Canada, J4B [email protected]