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Disclaimers & Cautionary Statements
This presentation is and proprietary to GoviEx Uranium Inc., and may not be reproduced, disseminated or referred to, in whole or in part without
the prior consent of the company. The company assumes no responsibility for verification of the information in these materials, and no
representation or warranty is made as to the accuracy or completeness of such information. The company assumes no obligation to correct or
update these materials. These materials do not contain all information that may be required to evaluate, and do not constitute a
recommendation with respect to, any transaction or matter. Any recipient of these materials should conduct its own independent analysis of the
matters referred to herein.
This presentation includes certain “forward-looking statements”. All statements other than statements of historical facts, are forward looking
statements that involve various risks and uncertainties. Statements relating to “resources” are deemed to be forward-looking statements, as
they involve the implied assessment, based on certain estimates and assumptions, that the resources described can be profitably produced in
the future. There can be no assurances that such statements will prove accurate and actual results and future events could differ materially from
those anticipated in such statements. Such information contained herein represents management’s best judgment as of the date hereof based
on information currently available. The company can not guarantee future results, levels of activity, performance, or achievements. The
company does not assume the obligation to update any forward-looking statement.
Disclosure of a scientific or technical nature in this presentation relating to the companies mineral properties was prepared by, or under the
supervision of, Dr. Rob Bowell of SRK Consulting UK, a “qualified person” as defined in NI 43-101. Historical data disclosed herein has not been
verified by Dr. Bowell.
Complete disclosure with respect to (a) the key assumptions, parameters, and methods used to estimate the mineral resources and mineral
reserves described herein and (b) known risks that could materially affect the potential development of those mineral resources or mineral
reserves is set forth in the Company’s technical report titled “AN UPDATED INTEGRATED DEVELOPMENT PLAN FOR THE MADAOUELA PROJECT,
NIGER”, dated August 20 2015, available at www.sedar.com.
Madaouela Uranium Project
Niger’s Newest Mine?
United States investors are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards on Mineral Resources and
Reserves – Definitions and Guideline (“CIM Standards”) differ significantly from the requirements and terminology of the United States Securities
and Exchange Commission (“SEC”) set forth in the SEC’s Industry Guide 7 (“SEC Industry Guide 7”). Accordingly, the Company’s disclosures
regarding mineralization may not be comparable to similar information disclosed by companies subject to SEC Industry Guide 7. Without limiting
the foregoing, while the terms “mineral resources”, “inferred mineral resources”, “indicated mineral resources” and “measured mineral
resources” are recognized and required by NI 43-101 and the CIM Standards, they are not recognized by the SEC and are not permitted to be
used in documents filed with the SEC by companies subject to SEC Industry Guide 7. In addition, the NI 43-101 and CIM Standards definition of
a “reserve” differs from the definition in SEC Industry Guide 7. This presentation and the disclosure contained herein does not constitute an offer
to sell or the solicitation of an offer to buy securities of GoviEx Uranium.
Jerome Randabel, Daniel Major, Ibrahim Aouami, Henri Sanguinetti,
Mahaman Garba, Fatima Korgom.
IAEA October 2015
OUTLINE
• LOCATION
• HIGHLIGHTS
• HISTORY
•GEOLOGY
The Republic of Niger – Uranium Country
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World’s 4th largest uranium-producing nation (World Nuclear Association Report, 2012)
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50 years of uninterrupted uranium exports on highway that crosses GoviEx tenements
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2011 Presidential Election lauded by independent observers and the EU
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President Issoufou has a mining background and elected on platform of job creation
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Mining accounts for 50-70% of export revenues, national priority for job creation
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Mining Code encourages foreign direct investment and project development
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Well-established infrastructure
•ACHIEVEMENTS/MILESTONES
•DESCRIPTIONS OF DEPOSITS
(MM, MIRIAM)
•CONCLUSION
Cominak Mill & Somair Mine near Arlit, adjacent to GoviEx’s Madaouela Project
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GoviEx Licences in Niger’s Mining Heart
GoviEx Milestones
2007 – GoviEx commenced operations focused on building a Niger team
2008 – Signed Strategic Partnership with Cameco Corporation-Drilling Started
2009 – Expanded exploration program at Madaouela
2010 – Progress Southward and discovery of MSNE/Completed NI 43-101
preliminary economic assessment (PEA)
2011 – Discovery Miriam,MSEE, MSCE/ Surpassed 400,000 metres of drilling and
updated resource estimate
2012 – Regional Exploration, Discovery La Banane/Financing and off-take
agreement with Toshiba
2013 – Completed NI 43-101 integrated development plan (IDP)
2014 – IPO and Toshiba A Bond Redemption
2015 – Expanded Marianne and Marilyn Uranium Mineral Resource-ESIA and FS.
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HISTORY
Madaouela Permits and Location
1961-1965: CEA carried out extensive exploration and development
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Geological mapping, radiometric ground and airborne surveys, rock sampling and drilling
of surface anomalies
Discovery of Madaouela, in continuity with channel structure in the Guezouman
Development up to 100m square grid drilling of three main areas located in relatively
low depth (40 to 100m): Martine, Marylin, Marianne
Exploration south and sw at 1600M and 800M grid,leading to the discovery of new a
area of interest
Total over 1000 dh, Marylin 252 dh (33 ddh), Marianne 102dh (22 ddh)
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Mining tests: 70m deep vertical shaft,
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High-Grade Uranium
mineralization
assayed for every 2
meter blast
Renewed Madaouela 1, 2, 3, 4 and Anou Melle permits in November 2012; extended for a further 36 months
Applied for Agal and Eral licences in November 2012; awaiting approval
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HISTORY
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1982-1999 PNC – ONAREM Techili project
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Mineralization is found in the Guezouman
sandstone (Lower Tagora series), two kinds of
deposits ("carpet" and "christmas tree", from
Marianne-Marilyn to Miriam)
and argillites/silts and arkose of the
Madaouela (Upper Tagora).
The Guezouman sandstone and basal Teleflak
conglomeratic level is the first detrital material
accumulated over the long marine
sedimentation of the black argillite/clay of
Talak (the main reducing pole)
The Madaouela Fm represents the transition
between reducing sediments of the
Carboniferous and Permian continental red
sandstones.
The area is characterized by the non
deposition of the Tarat sandstone (mined by
open pit in Arlit) on the west side of the
Madaouela flexure
Local Stratigraphy
Regional Geology
and structures
Tchinezogue (weathered)
• West dipping strata, with localised
drag folding near faults.
•Major continental NS fault- Arlit
fault.
•Subsidiary N40 normal to
transtensional horsts and graben
•N70 locally strike slip faulting,
controlling paleochannels and
mineralisation,
•N140 faults- less well identified but
ubiquitous at Miriam, and other
anomalies
Fresh, good quality Tchinezogue unit
Tchinezogue (unweathered)
Guezouman Sandstone
Marianne-Marilyn
Unite d’Akokan
Miriam
Talak
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Regional Structures
Two Types of Mineralisation
•ROLL FRONT-similarities with
nearby Akouta. Thick (up to 25m,
average 15m) along N140
fractures, creating Christmas tree
like mineralised structures.
(Miriam)
Somair
Arlit fault
•BASAL TYPE DEPOSIT- Thin
(average 1.2m) carpet like
distribution, associated with N70
structures and paleochannels.
Accumulation of U at foresets and
also within basal conglomerates
(Teleflak) (Marilyn and Marianne,
MSNE,MSCE and MSEE)
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MINERALOGY HG & LG ORE 2015
Bulk mineralogy:
Dominated by quartz >6580%
Followed by:
K-Feldspar
Kaolinite
Dolomite (in LG samples)
Gypsum
Calcite (in HG samples)
Molybdenum minerals:
Wulfenite
Powellite
Molybdenite
Uranium mineralogy:
Pitchblende
Schoepite
Marilyn and Marianne (Basal Type)
Ore depth from 20m
Minor: Orthobrannerite (FG)
Coffinite and Omohite
Notechannels
The majority of uranium bearing
minerals exists as U4+
To 110m
Pitchblende
Uranium hosted in Guezouman
sandstone above the basal Talak contact.
Concentrated at contact sandstone Guez
– Talak black shale
UA monoclinal en-echelon structures,
N70E pre GUEZ faulting guiding channel
axes. Dextral strike slip strucures.
Ore controlled by sedimentary
structures and N70E to N80E paleo
channel structures
Ore intersections at depths of 20m in
North to 110m in the South
Ore seam subhorizontal and tabular,
1.2m average width, open to UG mining
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Thickest
correspond to UA
channels
Dome
Near Barren Zone at
core of channel
Dome
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Marilyn Section
Marianne Section
Dome
Paleochannelfault controlledfilled with UA
Paleochannelfault controlledfilled with UA
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Dome
Dome
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Typical Core Samples of Uranium
Bearing Zones
GUEZOUMAN TALAK
contact
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ORE CHARACTERISTICS derived from the core sampling
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Mineralised controls-Miriam Area
Miriam
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THE MIRIAM CASE
Combining sequences and mineralization
( intervals at cut offs eU 200ppm, 400 ppm and 1000ppm)
the rich zones are related to the intersection
of discrete expansion faulting within favorable
sedimentology units, resulting in the
“Christmas tree” aspect of the high grade
zones
Miriam
drilling situation
(31 Jan 2013)
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Madaouela Mineral Resources, April 2015
Summary of the mineral resources classified in accordance with CIM guidelines
for Madaouela Project using cut-off: 0.4 kg/t eU
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Conceptual Integrated Mine Development Plan
MARIANNE-MARILYN
UNDERGROUND MINE
TAILINGS STORAGE FACILITY
M&M PORTAL LOCATION
PROCESSING PLANT
M&M INFRASTRUCTURE AREA
HIGH VOLUME & MINE LINK ROAD CONVEYOR
EXPLOSIVES MAGAZINE
SITE ACCESS ROAD FROM N25
MSNE-MARYVONNE INFRASTRUCTURE AREA
MSNEMARYVONNE
MINE
MSNE-MARYVONNE
PORTAL LOCATION
WELLFIELD
LOCATION
HIGH VOLUME & MINE LINK ROAD
MIRIAM OPEN PIT
MIRIAM WASTE DUMP 1
MIRIAM WASTE DUMP 3
MIRIAM WASTE DUMP 2
MIRIAM INFRASTRUCTURE AREA
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Probable Mineral Reserves
Project Milestones
CIM mineral reserve statement (May 20, 2015) for the Madaouela deposit
Completed IDP in 2013
IPO completed in 2014
ESIA completed March 2015
Mining Permit Application June 2015
• Mining Permit Grant in 2015/16
• Pre-mine development in 2016/17
• Attain full production in 2018/2019
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Probable mineral reserves are 60.6 Mlb U3O8 at 0.093% U3O8.
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Reported on 100% basis.
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Total Uranium Recovery forecast at 83%.
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Accounts for dilution, mining losses and stope design losses.
Thank You
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