Junior Company Exploration in Utah

1
Junior Company Exploration in Utah

• Stuart Havenstrite
• Slides from the Utah Geological Survey
• Utah Mining Association Annual Meeting, August
  14, 2008

2
Summary

• Three U mines have re-opened in the last two
  years
• The White Mesa U-V mill is again processing Utah
  ore
• Mancos Resources announced plans to build a 100
  million, 1200 tpd uranium mill near Green River
• Uranium and potash exploration has increased
  dramatically

3
Long Term Contract 80/lbs (July)
4
Uranium

• Uranium mines and prospects RED
• Uranium mills BLACK
• Geologic Province Boundary YELLOW
• Triassic Chinle Formation BROWN
• Jurassic Morrison Formation GREEN

5
Uranium Projects

• Active uranium properties RED
• Uranium mills BLACK
• Geologic Province Boundary YELLOW

6
Marysvale

• Active uranium properties RED
• Mining district boundary in YELLOW

7
Uranium Exploration/Development

• Energy Fuels is developing the Whirlwind mine on
  the Utah-Colorado border and the Energy Queen
  (Hecla shaft) mine near La Sal
• Uranium One has acquired four known uranium
  resources and the Shootaring Canyon U mill in
  southeastern Utah
• Mancos Resources announced plans to build a 100
  million, 1200 tpd uranium mill near Green River
• Numerous other companies have acquired known
  uranium resources planning further exploration
  and development

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9
Potash

• Potash mines and occurrences BLUE POINTS
• Penn-Perm Paradox Basin in the BLUE OUTLINE

10
Potash

• I-70 in RED
• Potash mines and occurrences BLUE POINTS
• Penn-Perm Paradox Basin in the BLUE OUTLINE

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12
Phosphate

• Phosphate mines and occurrences PINK POINTS
• Outcrops of Upper Permian rocks in Black
• Western phosphate field in the DARK GRAY OUTLINE
• Simplot Phosphates operation in DARK GRAY

13
Conclusions

• Three U mines have re-opened in the last two
  years
• The White Mesa U-V mill is again processing Utah
  ore
• Mancos Resources announced plans to build a 100
  million, 1200 tpd uranium mill near Green River
• Uranium and potash exploration has increased
  dramatically

14
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