Investor Presentation

1
Investor Presentation

• December 2008

2
Disclaimer
DISCLAIMER NOTICE This presentation has been
prepared by Forte Energy NL (Forte Energy or
the Company). It should not be considered as an
offer or invitation to subscribe for or purchase
any securities in the Company or as an inducement
to make an offer or invitation with respect to
those securities. No agreement to subscribe for
securities in the Company will be entered into on
the basis of this presentation. This presentation
contains forecasts and forward looking
information. Such forecasts, projections and
information are not a guarantee of future
performance, involve unknown risks and
uncertainties. Actual results and developments
will almost certainly differ materially from
those expressed or implied. Forte Energy has not
audited or investigated the accuracy or
completeness of the information, statements and
opinions contained in this presentation.
Accordingly, to the maximum extent permitted by
applicable laws, Forte Energy makes no
representation and can give no assurance,
guarantee or warranty, express or implied, as to,
and take no responsibility and assume no
liability for, the authenticity, validity,
accuracy, suitability or completeness of, or any
errors in or omission, from any information,
statement or opinion contained in this
presentation. You should not act or refrain from
acting in reliance on this presentation material.
This overview of Forte Energy does not purport to
be all inclusive or to contain all information
which its recipients may require in order to make
an informed assessment of the Companys
prospects. You should conduct your own
investigation and perform your own analysis in
order to satisfy yourself as to the accuracy and
completeness of the information, statements and
opinions contained in this presentation before
making any investment decision.
3
Presentation Overview

• Strategic Alliance with Arevain Mauritania
• Forte Energy Overview
• Corporate Summary
• West African Uranium Projects
• Mauritania
• Guinea
• Australian Projects
• Maroochydore Copper/Cobalt Project
• Millennium Copper/Cobalt Project
• Outlook Growth Strategy 2009

4
Areva Agreement

• Cooperation agreement with Areva announced 25
  June 2008
• Areva is French-based global industrial and
  nuclear energy conglomerate and a leading world
  expert in nuclear power generation and
  electricity transmission
• Areva to acquire initial 5 stake in Forte Energy
  via cash placement at A0.135 per share
• Further 10 stake approved at AGM, in return for
  access to extensive Mauritanian geological
  database, technical services, equipment and
  personnel
• Mauritanian JV may be formed if 60-80Mlb U3O8
  resource delineated within 2 years

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Forte Energy Overview

• Listed on ASX (FTE) and AIM (FTE)
• Extensive West African uranium portfolio
• 15,458km2 of prospective tenements in Guinea and
  Mauritania
• Excellent results from 2007 exploration programme
• Multiple targets
• first drilling completed May 2007, at Firawa
  prospect, Guinea 5,000m follow up diamond
  drilling commenced October 2008
• Initial drilling completed July 2008 at Bohoduo
  prospect, Guinea
• 4,000m initial drilling in Bir En Nar region,
  Mauritania, completed Dec 2007, downhole logging
  shows high-grade uranium, assays pending,
  planning underway for follow-up drilling H1 2009
• Substantial copper/cobalt resources in Australia
• 50 of Maroochydore Project - WA (0.33mt
  contained copper, 16,500t contained cobalt)
• Millennium Copper Project - Queensland
• Strong cash position A4m

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Corporate Summary

• 400m fully-paid shares on issue, to be 444m after
  placement
• Code FTE (ASX and AIM)
• Major shareholders
• HSBC Nominees, Cosign Nominees, Challenger
  Trading
• Areva currently 5, moving to 14.5
• Market capitalisation A20m

Forte Energy share price 12 month performance
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Board Management

• Chairman Glenn Featherby
• 20 yrs experience in corporate advisory and as
  finance director in resources sector
• Deputy Chairman Lady Barbara Judge
• 25 yrs experience with numerous public private
  directorships
• Currently Chairman of UK Atomic Energy Authority
• Managing Director Mark Reilly
• 15 yrs corporate advisory experience in mining,
  banking finance
• Technical Director Bosse Gustafsson
• 35 yrs geological experience, including 10 years
  in uranium exploration
• Non-executive Director David Grannell
• Extensive London capital market experience in
  resources sector
• NOMAD RFC Limited
• Broker Fairfax I.S. plc

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Why West Africa?

• Established mining region and culture
• Highly prospective minimal exploration for
  uranium
• Good access and infrastructure
• Stable economic and social environment
• Ability to secure large tracts of exploration
  acreage
• Increasing levels of international mining
  investment

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Republic of Mauritania Key Advantages

• Numerous historic uranium prospects within
  Reguibate Massive
• part of West Africa Shield
• Availability of recent airborne geophysical data
  and geological maps from World Banks PRISM 1
  project
• Uranium anomalies identified from digital
  airborne data and processing radiometric line
  data interpreted in Sweden
• 10 group 4 uranium exploration permits issued
  covering 13,195km2
• Radiometric logging from initial drilling
  returned grades of up to 18,280ppm eU3O8 (1.83)
• Potential to secure additional exploration
  licences

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Mauritania - Bir En Nar Region
Bir En Nar Region episyenite French drilling
early 1980s
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Mauritania - Bir En Nar Region
World-class high grade opportunity. Results of
December 2007 drill programme include
Drill Hole RC
Section From (m)
Intersection Thickness (m)
eU3O8 (ppm)
BNR02
58.30
0.70
5,750
BNR04
6.25
1.00
7,180
BNR08
70.80
2.35
11,250
BNR08
87.45
1.55
5,060
BNR11
85.35
1.55
18,280
BNR11
114.20
5.35
9,310
BNR14
33.35
2.90
6,100
BNR21
46.05
0.95
5,500
BNR41
26.15
0.30
5,100
BNR41
28.25
0.35
8,140
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Republic of Guinea

• Eight Uranium Prospecting Permits over three
  separate concession areas
• Firawa
• Bohoduo
• Sesse
• Bohoduo anomaly extended a further 12km initial
  drilling completed July 2008, awaiting assays
• Firawa encouraging assay results from initial
  drilling in May 2007. 4,000m resource drilling
  program commenced October 2008

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Republic of Guinea Firawa Prospect

• Previous exploration using detailed ground
  spectrometry, EM, magnetic measurements and soil
  geochemistry by Davy McKee
• Field visits confirmed 25-year-old deep pits and
  trenches
• Identified anomaly extends over 5km
• Initial drilling completed in May 2007, further
  4000m diamond drilling commenced October 2008
  aiming to delineate initial JORC compliant
  resource in H1 2009
• Encouraging assay results received. Awaiting
  further analysis to assess optimal methods of
  uranium extraction

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Republic of Guinea Firawa Prospect

• Resource drilling programme currently underway

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Republic of Guinea Firawa Prospect

• Results of May 2007 drilling programme include

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Republic of Guinea Bohoduo Prospect

• 700m long anomaly identified from previous work
• Limited diamond drilling and extensive ground
  work completed historically
• Uranium mineralisation confirmed in 2006 site
  visit
• Airborne geophysical data indicates a 12 km long
  extension to the east
• 1,000m initial drilling completed July 2008,
  awaiting assay results

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Republic of Guinea Bohoduo Prospect

• Initial 1,000m drilling programme completed July
  2008

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Australian Projects

• Maroochydore JV Copper Project - WA
• Millenium Copper Project - Queensland

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Maroochydore Copper Project

• 50 JV with Aditya Birla Minerals Limited
  project operator
• Scoping study completed by Aditya Birla
• JORC Code compliant Indicated and Inferred
  Mineral Resource of 41.2 million tonnes at a
  grade of 0.8 copper and 0.04 cobalt
• 0.33 million tonnes of contained copper and
  16,500 tonnes contained cobalt (at a 0.5 Cu
  cutoff)
• Reviewing options to realise value

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Millennium Copper Project

• Historic mining leases
• 35km north-west of highly prospective Cloncurry
  mineral province
• Recent independent geological review
• Copper and cobalt potential
• Reviewing options to progress exploration

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Outlook 2008/09

• Focus on West African uranium strategy
• Cooperation Agreement with Areva to accelerate
  uranium exploration development in Mauritania.
  Aim to delineate 60-80Mlb U3O8 resource within 2
  years then consider entering JV agreement
• Major uranium exploration programmes continuing
• Mauritania initial drilling at Bir En Nar
  completed December 2007, downhole logging
  results up to 18,280ppm eU3O8, follow-up drilling
  planned H1 2009
• Guinea initial drilling at Firawa completed May
  2007, 4000m follow-up drilling at Firawa
  underway, initial drilling at Bohoduo completed
  July 2008
• JORC resources aim to identify initial JORC
  resources at Bir En Nar and Firawa during 1st
  half 2009
• Continue to expand West African uranium
  portfolio
• Assess options to realise value from Australian
  copper assets
• Other strategic acquisition/joint venture
  opportunities

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Disclosure
DISCLOSURE NOTES The information in this report
that relates to exploration results in West
Africa is based on information compiled by Mr.
Bosse Gustafsson, who is a member of the European
Federation of Geologists a Recognised Overseas
Professional Organisation (ROPO). Mr Bosse
Gustafsson is a full time Technical Director of
Forte Energy NL and is responsible for
exploration activities in Mauritania and Guinea.
Mr Gustafsson has sufficient experience, which is
relevant to the style of mineralisation and the
type of deposit under consideration and to the
activity, which he is undertaking to qualify as a
Competent Person as defined in the 2004 Edition
of the Australian Code for Reporting of
Exploration Results, Mineral Resources and Ore
Reserve. Mr Gustafsson consents to the inclusion
in this report of the matters based on their
information in the form and context in which it
appears. Down hole gamma logging/probing of
drill holes provides a powerful tool for uranium
companies to explore for, and evaluate, uranium
deposits. Such a method measures the natural
gamma rays emitted from material surrounding a
drill hole out to around 0.5 metre from its
centre - the gamma probe is therefore capable of
sampling a much larger volume than that which
would normally be recovered from a core or RC
hole. These measurements are used to estimate
uranium concentrations with the commonly accepted
initial assumption being that the uranium is in
(secular) equilibrium with its daughter products
(or radio-nuclides) which are the principal gamma
emitters. If uranium is not in equilibrium (viz.
in disequilibrium) as a result of the
redistribution (depletion or enhancement) of
uranium and/or its daughter products then the
true uranium concentration in the holes logged
using the gamma probe will be higher or lower
than those reported in the announcement. Total
count gamma logging does not account for energy
derived from thorium and potassium but is
calibrated on the uranium band and factor applied
to account for the average effect of thorium and
potassium and thus the result is expressed as an
equivalent value or ppm eU308. The logging
programme was undertaken by Poseidon Geophysics
(Pty) Ltd utilising an Auslog Logging System
using instruments calibrated at Pelindaba, South
Africa, an IAEA accepted and approved standard
facility. Data was converted from raw counts per
second of natural gamma rays to eU3O8 using the
calibration constant obtained from measurements
made at the Pelindaba calibration borehole.
Poseidon Geophysics carried out regular checks to
validate the accuracy of probe data using a test
hole, BNR14, located on site. Uranium
mineralisation grades through this report
annotated with a sub-prefix e have been
reported as uranium equivalent grades derived
from down-hole gamma ray logging results and
should be regarded as approximations only. The
information in this report which relates to the
Mineral Resource for the Maroochydore project is
based on and accurately reflects reports prepared
by Mr Geoff Bullen (MAIG). Mr Bullen has the
necessary experience relevant to the style of
mineralisation, the type of deposit and the
activity undertaken to qualify as a Competent
Person under the JORC Code for Reporting of
Mineral Resources and Ore Reserves (2004
Edition). Mr Bullen has given his consent to the
inclusion of the material in the form and context
in which it appears. Mr Bullen is an employee of
Aditya Birla Minerals Ltd.
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Investor Presentation

• December 2008