UEX Corporation is a uranium exploration and development company with a portfolio of projects located in the Athabasca Basin of northern Saskatchewan, Canada. The company has NI 43-101 compliant resources totaling 69.84 million pounds of U3O8 indicated and 16.56 million pounds of U3O8 inferred. UEX's key projects include its 100% owned Hidden Bay project, which hosts the Horseshoe, Raven, and West Bear deposits, and its 49.1% interest in the Shea Creek project, a joint venture with AREVA. For its projects to advance to development and production, UEX needs the uranium price to increase to a range of US$65-70/lb.
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UEX Corporation - November 2016 Presentation
1. TSX: UEX | www.uex-corporation.com
UEX Corporation
Corporate Presentation
Energy for the Future
TSX:UEX
www.uex-corporation.com
UEX.T | UXO.F | UEXCF.PK
URANIUM
2. TSX: UEX | www.uex-corporation.com
Forward-Looking Statements
FORWARD-LOOKING INFORMATION AND STATEMENTS:
Certain statements and other information contained in this presentation may constitute “forward-looking information” within the meaning of applicable Canadian securities
legislation or constitute “forward-looking statements” within the meaning of applicable United States securities legislation. Such information and statements are based on
UEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX‘s outlook for our future operations,
plans and timing for exploration activities, and other expectations, intentions and plans that are not historical fact. Statements concerning mineral resource estimates may
also constitute forward-looking statements to the extent they estimate mineralization that will be encountered if the property is developed. Such forward-looking statements
are based on certain factors and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results
expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from UEX's expectations include uncertainties
relating to interpretation of drill results and geology, additional drilling results, continuity and grade of deposits, participation in joint ventures, reliance on other companies as
operators, public acceptance of uranium as an energy source, fluctuations in uranium prices and currency exchange rates, changes in environmental and other laws affecting
uranium exploration and mining, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the applicable securities commissions in
Canada. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made herein are qualified by this cautionary statement and there
can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such
forward-looking statements. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result
of new information, future events or otherwise.
NOTICE TO U.S. PERSONS:
The information in this presentation has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States
securities laws. Information, including scientific or technical information, has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for
Mineral Projects (“N.I. 43-101”). N.I. 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes
of scientific and technical information concerning mineral projects. Canadian standards, including N.I. 43-101, differ significantly from the requirements of the SEC. For
example, the terms “indicated mineral resources” and “inferred mineral resources” are used in this publication to comply with the reporting standards in Canada. While those
terms are recognized and required by Canadian regulations, the SEC does not recognize them. Under United States standards, mineralization may not be classified as a
“reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is
made. Readers should understand that “indicated mineral resources” and “inferred mineral resources” have a great amount of uncertainty as to their existence and as to their
economic and legal feasibility. Readers are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves.
In accordance with Canadian rules, estimates of “inferred mineral resources” cannot form the basis of feasibility or other economic studies. In addition, the definitions of proven
and probable mineral reserves used in N.I. 43-101 differ from the definitions in the SEC Industry Guide 7. Disclosure of “contained pounds” is permitted disclosure under
Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves as in place tonnage and grade without
reference to unit measures. Accordingly, information contained in this publication describing the Company's mineral properties may not be comparable to similar information
made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
QUALIFIED PERSON:
Technical information in this presentation has been reviewed and approved by Roger Lemaitre, P.Eng., P.Geo., UEX’s President and CEO, who is a Qualified Person as defined by
N.I. 43-101.
2
3. TSX: UEX | www.uex-corporation.com
Value Creation
Our existing pounds are ready
We have an enviable portfolio for future discoveries
When the market is ready, we have long-standing partnerships with Cameco and AREVA
3
4. TSX: UEX | www.uex-corporation.com
Need for Uranium
- Nuclear Power = 17% of current global electricity generation.
- A minimum of 20% growth in total operating reactors by 2030 is expected.
- Currently: 447 reactors are operable, 59 reactors under construction (20 in
China, 5 in India) and 9 new reactors have come online in 2016 alone.
- Population and industrialization in developing countries are growing.
- World electricity demand is expected to double in the next 20 years.
- There is a need for reliable, green, zero emission energy.
- There is a fundamental shortfall in uranium looming.
- Uranium is the only commodity in the world where mine supply has not
met demand in over 30 years.
4
5. TSX: UEX | www.uex-corporation.com
Uranium in Saskatchewan
- Continuous uranium mining since
1953.
- 100% of Canada’s current uranium
production.
- 22% of world uranium production
(2015 estimate).
- 4 uranium mines.
- 3 uranium mills.
- Stable operating environment
(taxes, royalties and
environmental).
- Skilled local workforce,
experienced in uranium.
- Local communities support
uranium mining in the Athabasca
Basin.
ATHABASCA
BASIN
5
6. TSX: UEX | www.uex-corporation.com
Company Overview
The UEX Corporation mantra:
SMART EXPLORATION LEAN OPERATION
Think while exploring and
change course if/when
necessary.
Where appropriate, use
contractors and have a
small management team.
Corporate Office: Vancouver
Legal Counsel: Koffman Kalef (Vancouver)
Auditors: KPMG (Vancouver)
100% owned Eastern Athabasca Projects
Includes Hidden Bay deposits
Athabasca Basin
Vancouver, BC
Saskatoon, SK
UEX Exploration Office/Warehouse
We have:
NI 43-101 RESOURCES
Unparalleled mid-stage
exploration targets.
6
Western Athabasca Projects:
AREVA 50.9% Project Operator
UEX 49.1% JV Partner
Includes Shea Creek deposits
Christie Lake Project:
JCU 90% JV Partner
UEX 10% Project Operator
7. TSX: UEX | www.uex-corporation.com
Company Evolution
2001
2015
2002
2004
2007
2008
2009
2010
2011
2014
2013
- Incorporated under the CBCA. Pioneer Metals shareholders 60%, Cameco 40%. CEO: Stephen Sorensen.
- Initial Public Offering on the Toronto Stock Exchange.
- Agreement with JCU to earn 25% interest in Beatty River.
- Agreement signed with COGEMA (now AREVA) to earn a 49% interest in the Western Athabasca
uranium projects by spending $30 million on exploration.
- Completed 49% earn-in on the Western Athabasca Projects from AREVA ahead of schedule.
- NI 43-101 mineral resource estimate for Horseshoe.
- NI 43-101 mineral resource estimate for Raven. CEO: Graham Thody.
- NI 43-101 mineral resource estimate for Shea Creek. Discovery of the 58B Deposit.
- Preliminary Economic Assessment completed on Raven and Horseshoe Deposits. Kianna Deposit extended.
- Increased resource estimate for Shea Creek. Additional earn-in agreement with AREVA on the
Western Athabasca Projects.
- CEO: Roger Lemaitre. Hidden Bay historical Database and Core Review.
- LOI signed with JCU (Canada) Exploration (JCU) to acquire up to 70% interest in the Christie
Lake advanced uranium project.
- Mine development at Hidden Bay.
- Complete studies for PFS at
Hidden Bay.
- Negotiate toll milling agreement
for Raven and Horseshoe Deposits.
- PEA/development at Shea Creek.
- Sustained increase in uranium
price needed to justify the
advancement of existing deposits.
- Investigating potential
acquisitions.
- Find new deposits at Hidden Bay
utilizing innovative basement
targeting program.
- Find new deposits at Western
Athabasca.
- Upgrade and grow Christie Lake
deposits.
INTO THE
FUTURE
2006 - Discovery of the Kianna Deposit.
7
2005 - Drilling on the two existing deposits at Shea Creek: Anne and Colette.
2012 - Kianna Deposit extended.
- Initial Hidden Bay Basement Targeting Program at Wolf Lake and Dwyer Lake.
2016 - 10% interest earned in Christie Lake and joint venture agreement signed.
8. TSX: UEX | www.uex-corporation.com
Board of Directors
Colin Macdonald, M.Sc.
- Chairman of the Board
- Independent Director
- 30,000 shares owned
- Director since 2001
Mark Eaton
- Compensation Committee Chair
- Independent Director
- 408,500 shares owned
- Director since 2008
Graham Thody, CPA, CA
- Former CEO of UEX to January 2014
- Non Independent Director
- 826,000 shares owned
- Director since 2001
Emmet McGrath, CPA, CA
- Audit Committee Chair
- Independent Director
- 22,400 shares owned
- Director since 2009
Roger Lemaitre, P.Eng., P.Geo.
- CEO of UEX Corporation
- Non Independent Director
- 166,000 shares owned
- Director since 2014
Suraj Ahuja, M.Sc., P.Geo.
- Corporate Governance Committee Chair
- Independent Director
- 25,000 shares owned
- Director since 2004
Public Company Leadership
Experience
Accounting/Financial
Reporting Experience
Corporate Governance & Public
Company Board Experience
Geological/Technical
Experience in Uranium Sector
Capital Markets Experience
Mergers & Acquisitions/
Strategic Experience
8
9. TSX: UEX | www.uex-corporation.com
Management & Advisory Board
Ed Boney, CPA, CA Nan Lee, M.Sc., P.Eng. Roger Lemaitre, P.Eng., P.Geo., MBA,
M.Sc. (Applied), B.Sc. (Applied)- CFO & Corporate Secretary
- With UEX since 2011
- 197,500 Shares owned
- VP Project Development
- With UEX since 2011
- 25,000 shares owned
- President & CEO, Director
- With UEX since 2014
- 166,000 shares owned
Walter Segsworth, B.Sc.
- Management Advisory Board
- Mining Engineer
- Former Homestake CEO, prior
to acquisition by Barrick
David Rhys, M.Sc., P.Geo.
- Management Advisory Board
- Structural Geologist
- Significant uranium sector
experience
9
10. TSX: UEX | www.uex-corporation.com
Corporate Summary
10
Issued and Outstanding
Fully Diluted
- Options (Weighted Average Exercise Price $0.68)
- Warrants (Weighted Average Exercise Price $0.22)
Share Price (October 31, 2016)
Market Capitalization
Daily Trading Volume (3 month average)
296,538,879
342,926,784
21,626,000
24,761,905
$ 0.20
$ 59,307,775
212,817
SHARES
INSIDERS
CASH POSITION
Cameco Corporation
Current/Retired Management & Directors
Total Insiders
16.87%
7.99%
24.86%
As at October 31, 2016 $ 6.3 million
UEX Share Price
0.00
0.05
0.10
0.15
0.20
0.25
0.30
UEXSharePrice$(CAD)
11. TSX: UEX | www.uex-corporation.com
The Athabasca Basin
11
12. TSX: UEX | www.uex-corporation.com
NI 43-101 Resources
0
5
10
15
20
25
30
35
40
Shea Creek (UEX's 49.1% share) Hidden Bay
33.22
36.62
13.84
2.72
MillionsofpoundsofU3O8
Millions of Pounds of U3O8 by Project
69.84
16.56
Millions of Pounds of U3O8
by NI 43-101 Category
UEX Corporation - Indicated Resources UEX Corporation - Inferred Resources
Deposit
SHEA CREEK - Indicated Category SHEA CREEK - Inferred Category
at 0.30% U3O8 Cut-off at 0.30% U3O8 Cut-off
Tonnes
Grade U3O8
(%)
U3O8
Tonnes
Grade U3O8
(%)
U3O8
(lbs) (lbs)
Kianna* 1,034,500 1.526 34,805,000 560,700 1.364 16,867,000
Anne* 564,000 1.992 24,760,000 134,900 0.88 2,617,000
Colette* 327,800 0.786 5,680,000 493,200 0.716 7,780,000
58B* 141,600 0.774 2,417,000 83,400 0.505 928,000
Total* 2,067,900 1.484 67,663,000 1,272,200 1.005 28,192,000
Deposit
HIDDEN BAY - Indicated Category HIDDEN BAY - Inferred Category
at 0.05% U3O8 Cut-off at 0.05% U3O8 Cut-off
Tonnes
Grade U3O8
(%)
U3O8
Tonnes
Grade U3O8
(%)
U3O8
(lbs) (lbs)
Horseshoe 5,119,700 0.203 22,895,000 287,000 0.166 1,049,000
Raven 5,173,900 0.107 12,149,000 822,200 0.092 1,666,000
West Bear 78,900 0.908 1,579,000 - - -
Total 10,372,500 0.16 36,623,000 1,109,200 0.111 2,715,000
*Joint venture with 49.1% UEX/ 50.9% AREVA ownership
• Based upon NI 43-101 Technical Report: TECHNICAL REPORT ON THE SHEA
CREEK PROPERTY, NORTHERN SASKATCHEWAN, WITH AN UPDATED MINERAL
RESOURCE ESTIMATE MAY 2013
12
• Based upon NI 43-101 Technical Report: PRELIMINARY ASSESSMENT TECHNICAL REPORT
ON THE HORSESHOE AND RAVEN DEPOSITS HIDDEN BAY PROJECT SASKATCHEWAN CANADA
FEBRUARY 2011
13. TSX: UEX | www.uex-corporation.com
Project Timelines
Resources
NI 43-101 &
growth
PEA Development Production Closure
Raven and Horseshoe Deposits
Exploration
- Brownfields
Resources
NI 43-101 &
growth
PEA
Kianna, Anne, 58B and Colette Deposits
- To move forward, the price of uranium needs to be US$65 - $70 /lb.
- The PEA proposed 7 year mine life, with toll milling at Cameco’s Rabbit Lake
mill.
Exploration
- Greenfields
- Mid-stage
- Brownfields
Hidden Bay Basement Targeting Program & Shea Creek Follow-up on SHE-2
Western Athabasca and Other Projects
13
Exploration
- Brownfields
Resources
NI 43-101 &
growth
- To move forward, enough pounds must exist to support a mill on its own or regionally in the Western
Athabasca Basin.
- To move forward, the price of uranium needs to be US$65 - $70/lb.
Christie Lake Project
Exploration
- Brownfields
Resources
growth
- To move forward, we need to confirm and upgrade the existing resource to NI 43-101 standards, expand
the size of the known deposits and make additional discoveries along the known mineralized trend.
Exploration
- Mid-stage
- To move forward, we must find more mineralized intercepts and deposit indicators, and have successful follow-up drilling programs
to define new deposits that could lead to new NI 43-101 resource estimates.
Exploration
- Greenfields
- To move forward, we must either identify deposit indicators or find mineralization, which would justify additional drilling and/or
surveys.
14. TSX: UEX | www.uex-corporation.com
-10
-5
0
5
10
15
20
25
2004 2006 2008 2010
Athabasca Basin Deposits
Discovered PRE - 2000 Discovered POST - 2000
BASEMENTUNCONFORMITY
-10
-5
0
5
10
15
20
25
1965 1970 1975 1980 1985 1990 1995 2000
-10
-5
0
5
10
15
20
25
1979 1980 1981 1982
104 M lbs.
* For illustrative purposes only, Company and other sources.
1,410 M lbs. 142 M lbs.
14
IncreasingUgradeIncreasingUgrade
IncreasingUgradeIncreasingUgrade
-10
-5
0
5
10
15
20
25
1995 2000 2005 2010 2015 2020
605 M lbs.
15. TSX: UEX | www.uex-corporation.com
Hidden Bay PEA
- February 2011 NI 43-101 Preliminary Assessment Technical Report on the Horseshoe and Raven Deposits Hidden Bay
Project (“PEA”) prepared by SRK Consulting (Canada) Inc. recommended the project be advanced to a preliminary feasibility
level including West Bear.
These results are included in a technical report on the Hidden Bay property with an effective date of February 15, 2011
available online under UEX’s profile at www.sedar.com.
- Base Case economics and cut-off grades calculated at $60 (US) per lb of U3O8.
- 16.6 million lbs (est.) of U3O8 could be extracted over a seven-year mine life.
(1) Projects in the mining sector have experienced rising costs, including rising capital and operating costs, during the past few years. The price of uranium has
declined since the date of the PEA which could negatively impact the results of the PEA. Projects in the mining sector have also experienced significant
fluctuations of costs, which could impact EBIT, NPV and IRR which have been calculated based upon historical costs. Accordingly, readers should bear these
factors in mind when reading the PEA and should not place undue reliance on the PEA.
Price U3O8
(per lb)
Pre-Tax (Base Case) (1)
EBIT
(C$ millions)
NPV5%
(C$ millions)
IRR
(%)
$60 (US) 246 163 42
“EBIT” Earnings before interest and taxes “IRR“ Internal rate of return
“NPV5%” Net present value (5% discount rate)
- The PEA is preliminary in nature, includes inferred mineral resources that are considered too speculative geologically to
have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and
there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral
reserves do not have demonstrated economic viability.
15
16. TSX: UEX | www.uex-corporation.com
Hidden Bay Strengths
- Ongoing exploration for new uranium deposits based on targets identified in our historical database and core review
program.
- Long-lead project studies are ongoing and are required to advance Horseshoe, Raven and West Bear deposits to
Prefeasibility when commodity prices signal a need for additional supply.
- Potential for the Horseshoe open pit to become a suitable tailings facility for a nearby mill.
- Significant resources near existing milling infrastructure operated by our largest shareholder (Cameco) and our joint
venture partner (AREVA) at Shea Creek.
- Horseshoe and Raven deposits proximity to Cameco’s Rabbit Lake mill (approximately 4 km) and AREVA’s McClean
Lake mill (approximately 22 km) may allow for toll milling.
16
17. TSX: UEX | www.uex-corporation.com
Heap leaching has become a major
beneficiation technique used for processing
large tonnage, low grade ores
UEX’s Horseshoe and Raven Deposits are being
evaluated to help identify the best available
leaching process for its uranium ore.
HEAP LEACHING
Ore Grade < 0.5%
TANK
LEACHING
Ore Grade
> 0.5%
Time
OreGrade
HORSESHOE
and RAVEN
Heap Leach Potential
17
18. TSX: UEX | www.uex-corporation.com
Benxi mine,
CNNC
Krasnokamensk mine,
ARMZSheep Mountain,
Energy Fuels
Lantian mine,
CNNC
Chongyi mine,
CNNC
Proposed uranium heap leach operations
Current or past uranium heap leach operations
Uranium heap leach operations under development
Ingul’skaya mine,
VOSTGOK
Don Otto,
Globe Uranium Ltd.
Caetité,
Indústrias Nucleares do Brasil
Trekkopje,
AREVA
Imouraren,
AREVA
Gornoe,
ARMZ
Wiluna,
Toro Energy
Salamanca,
Berkeley Energy
Macusani,
Plateau Uranium
Fort Knox
(Au)
Kuranah
(Au)
Other cold weather base and precious metal
heap leach projects
Dornod mine,
Khan Resources
Horseshoe and Raven Deposits
UEX Corporation Voro mine
(Au)
Vostok,
Kazatomprom
Pioneer
(Au)
Beresitovy
(Ag, Zn, Pb )
Uranium is heap leached around the
world, including cold weather regions.
Uranium Heap Leaching World-Wide
Etango
Bannerman
Somair,
AREVA
18
19. TSX: UEX | www.uex-corporation.com
Western Athabasca Vision
- Grow the existing Shea Creek
deposits:
- Kianna
- Anne
- 58B
- Colette
- Apply the knowledge gained
exploring on the Shea Creek
deposit to the neighbouring
Western Athabasca claims.
- Work collaboratively with AREVA
on advancing the Shea Creek
project towards production.
- Become the cornerstone of future
uranium production in the
Western Athabasca region.
19
20. TSX: UEX | www.uex-corporation.com 20
2016 Notable Intersections
CB-93 – 14.74% U3O8 over 5.5 m
CB-92 – 9.30% U3O8 over 9.8 m
Historical Notable Deposit Intersections
CB-04 – 9.38% U3O8 over 8.0 m
CB-11 – 2.31% U3O8 over 11.0 m
CB-20 – 4.82% U3O8 over 20.8 m
CB-32 – 9.22% U3O8 over 1.5 m and
– 5.20% U3O8 over 9.0 m
- Known resources with significant
growth potential.
- Very good location in area currently
producing significant uranium.
- Good partner that we have had a
long working relationship with.
- Project beginning to be tested for
basement-hosted mineralization.
Christie Lake Overview
21. TSX: UEX | www.uex-corporation.com 21
Many known mineralized camps in the Athabasca Basin exhibit a recognizable trend
plunging into the basement.
We believe the Christie Lake deposits represent the basement tail of a mineralized system that
includes the McArthur River Mine.
Athabasca Basin Deposit Blueprint
SANDSTONE
P2 Main Deposit (Cameco)
McArthur River Mine (Cameco)
Christie Lake
(JCU/UEX)
Perched
Unconformity
Basement
BASEMENT ROCK
Known Plunging Systems in the Athabasca:
Shea Creek (UEX/AREVA)
Collins Bay – Eagle Point (Cameco)
Sue A-E (AREVA/Denison)
Triple R (Fission)
J Zone/Roughrider (Denison and Rio Tinto)
22. TSX: UEX | www.uex-corporation.com 22
Christie Lake Highlights
- LOI signed with JCU (Canada) Exploration (JCU) to
earn up to 70% interest in the Christie Lake Project,
joint venture agreement signed.
- Located 9 km along strike from the McArthur River
Mine, the world’s largest uranium producer.
- The McArthur River Mine’s host structure, the P2
Fault, continues onto the Christie Lake Property, and
its successor fault hosts two deposits within the
project.
POUNDS
- The Paul Bay and Ken Pen Zones have historical
resources of 20.87 million pounds U3O8 at an average
grade of 3.22% U3O8*BASEMENT DEPOSIT POTENTIAL
- The Paul Bay and Ken Pen Zones are open for expansion at depth
- Drilling has not tested the basement environment along the 1.5 km mineralized trend for new deposits
* This is a historic resource estimation which does not use resource classifications consistent with NI 43-101. The historical resource estimate was presented in an internal report titled Christie Lake Project, Geological
Resource Estimate completed by PNC Tono Geoscience Center, Resource Analysis Group, dated September 12, 1997. The historical resource was calculated using a 3-D block model using block sizes of 2 m by 2 m by 2 m,
and block grades interpolated using the inverse distance squared method over a circular search radius of 25 m and 1 m height. Specific gravities for each deposit were averaged from specific gravity measures of individual
samples collected for assay. UEX plans to complete additional infill drilling on the deposits during the option earn-in period to upgrade these historic resources to indicated and inferred. A qualified person has not done
sufficient work to classify the historic estimate as current mineral resources or mineral reserves. UEX is not treating the historic estimate as current mineral reserves or mineral resources.
Ore Body*
Cut-Off Grade
(% U3O8) Ore (t)
Resources
(t U3O8)
Resources
(million lbs U3O8)
Average Grade
(% U3O8)
Paul Bay Ore Shoot 0.3 231,298 7,078 15.60 3.06
Ken Pen Ore Shoot 0.3 62,956 2,392 5.27 3.80
Total 294,254 9,470 20.87 3.22
23. TSX: UEX | www.uex-corporation.com 23
Christie Lake & McArthur River
540M
420M
Depth to UnconformityUnconformity
McArthur River Uranium Mine
Christie Lake Exploration Camp
24. TSX: UEX | www.uex-corporation.com 24
Christie Lake Potential
- The unconformity depth of the area is about 420 m (˜120 m
less than at McArthur River).
- There are many areas for further exploration and potential
deposit expansion.
- The Paul Bay and Ken Pen Zones remain open for
expansion in the down-dip direction and along cross-
fault directions.
- None of the previously drilled holes test for
basement mineralization outside the Paul Bay and
Ken Pen Zones.
- Only a handful of existing holes constrain potential
mineralization down-dip along the 1.5 km trend.
- The basement setting of the Paul Bay Deposit has
not been tested by drilling along the 1.5 km
mineralized trend.
- We have identified areas 1 – 7 for upcoming exploration
work in order of priority.
- We believe that in 1 year we will convert and upgrade the
historical resource.
Camp
25. TSX: UEX | www.uex-corporation.com 25
Modern Ideas to Apply at Christie Lake
Key structural features observed at:
McArthur River, Eagle Point/02NEXT, Shea Creek, PLS, Arrow
Map View – Paul Bay Deposit
Follows a Plunge Line– Intersecting Faults?
26. TSX: UEX | www.uex-corporation.com
Growth Strategy
- To plan and execute the exploration and evaluation work required to delineate and develop economic uranium resources at
Christie Lake, as part of our project earn-in.
- To find new uranium deposits at the Hidden Bay Project and in the Western Athabasca Projects with our joint-venture
partner AREVA.
- To continue the exploration and evaluation work required to delineate and develop economic uranium resources at
Shea Creek.
- To advance the evaluation/development process at the Horseshoe, Raven and West Bear uranium deposits at the Hidden
Bay Project to a production decision once uranium commodity prices have demonstrated a sustained recovery from current
spot and long-term prices.
- To maintain, explore and advance to discovery our other uranium projects.
26
27. TSX: UEX | www.uex-corporation.com 27
UEX Corporation
Suite 1700 – 750 West Pender St.
Vancouver, BC V6C 2T8
www.uex-corporation.com
Investor & Media Inquires Contact:
Roger Lemaitre
President & CEO
604.669.2349
uex@uex-corporation.com
TSX: UEX
UEXCF.PK
Frankfurt: UXO.F
International OTC Markets