Titan Uranium
Transcript of Titan Uranium
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PDAC PRESENTATION
March 7, 2011
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FORWARD-LOOKING STATEMENT
Statements in this presentation that are forward-lookingstatements are subject to various risks and uncertainties
filings with Canadian Securities Regulators. Such forward-looking information represents managements best judgmentbased on information currently available. No forward-looking
vary materially. Titan does not assume the obligation toupdate any forward-looking statement. This presentation isnot a solicitation by Titan as an offer to sell its securities.
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OUTLINE
Corporate Overview Titans Assets Sheep Mountain details Column leach test work at Sheep Mountain Canadian Exploration Projects
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SHARE STRUCTURE Shares outstanding 127M Options 8M (avg $0.34) Fully diluted 155M Closing price Feb 22 $0.74 Market Cap (Feb 22) $94 million
ne ree ap a . Mega Uranium 10.8%
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VISION
To be a leading mid-tier North Americanuranium exploration, development and.
STRATEGY Develop :
Shee Mountain De osit W omin
Advance :Exploration properties, Saskatchewan
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The Board
Sheldon Inwentash BusinessmanChairman Pinetree Capital
Richard Patricio Law erExecutive VP Mega Uranium
Rahoul Sharan Chartered Accountant .
Arni Johannson BusinessmanPrincipal Canadian Nexus
Chris Healey Geologist President and CEO, Titan
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Management Technical Team
Chris Healey; President and CEO40 yr exploration, development & mining, 20+ years with Cameco
Rod Koch ; VicePresident Exploration40 yr exploration & mining, exAreva & Cameco
Kelly McShane; CFO 7 yr accounting &
finance
Greg Adams; VicePresident Development
40 yr exploration, development & mining Philip Williams; Financial AdvisorVP Business Development, Pinetree Capital
Douglas Beahm; President BRS Inc. 35 yr exploration, development, mining
production & reclamation
Toby Wright; Principal, Wright
environment
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Sheep Mountain: Current Status
Probable reserve 14.2M lbs eU3O8 (6.4M tons @
New Resource Estimate January 20, 2011 30.4M
lbs (13.8M tons @ 0.110) potential for significant expansion of mine life
Active WYDEQ Mine permit
repar ng app ca on or ource a er a License (submit mid 2011) ,
acid consumption 12
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Sheep Mountain: 2011 Plans
Submit NRC Source Material License Application
Submit BLM Plan of Operations (Q3) ommence ewa er ng un ergroun wor ngs
Delineation drilling 100 holes (Q2)
p a e re m nary eas y u y
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Shee Mountain: Pro osed Minin O eration
Conventional underground operation
Uranium recovery in processing plant using solvent
, 2M lbs/yr
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Total Probable Mineral Reserve
Min GT PoundseU3O8 Tons Ave grade%eU3O8
Congo Pit 0.10 4,938,000 2,895,000 0.085
Sheep UG 0.45 9,248,000 3,498,000 0.132
Total 14,186,000 6,393,000 0.111
Recoverable - 12,908,000 PoundsMine life - 11 earsBased on 2010 Indicated Resource 16.0 million Pounds
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Sheep Mountain: Project Cost Summary
Positive preliminary
feasibility
study
(April
12,
2010) CAPEX $118 million : $ 9.00/lb
Open Pit OPEX: $12.42/lb Underground OPEX: $21.71/lb Processing OPEX: $ 6.69/lb
Royalties: $ 2.48/lb Average OPEX $28.67/lb (recoverable) IRR (pre tax) 25% NPV @ 7% (pre tax) $101 million
e ng pr ce
e o
pro ec Annual production rate 1.5 million lbs/yr
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Sheep Mountain: Updated PFS
Will be
prepared
Q3
Q4 2011 Reserves will be generated from much larger Indicated Resource
base, therefore longer mine life Higher uranium recoveries from heap leaching Lower acid consumption
Higher selling price
PFS Parameters 2010 study 2011 study
Indicated Resource 16.0M lbs 30.4M lbs
Probable Reserve 14.2M
lbs ?
Leach recovery 91% >95%
Acid consumption 50 lbs/ton $70/lb
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Sheep Mountain Schedule
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Sheep Mountain 3D view of planned
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Sheep II shaft and Big/Little Sheep adits
U mineralization at Sheep Mtn
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Sheep Underground Summary
Re-opening of previously operated conventionalmine
Existing active permit to mine from WYDEQ. Mining method: modified room and pillar. A new double entry decline
Conveyor haulage, directly to heap leach pads Existing shafts: ventilation and emergency
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Sheep Mountain layout of operations
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Sheep Mountain Column Leach Testing
Parameter Unit
1 2 3Specific Gravity (tested) g/cm 3 1.50 1.36 1.46
Feed Moisture % 8.5 8.5 4.3
Sulphuric Acid consumption lb/ton 1.68 1.62 3.90
Lixiviant (H2SO4) g/L 10 10 10
Sodium Chlorate addition lb/ton 3 3 3
Feed grade calculated %U 3O8 0.0763 0.0729 0.1128
. . .
Tails grade assayed %U 3O8 0.0001 1E 04 0.003
Tails moisture % 13.7 14.7 17.0
Uranium recovery % 99.87 99.86 97.47
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Canadian Exploration 2011
Athabasca: Border Block, drilling, $1.2M T or urn La e, geop ys cs r ng, 1. 5M Sand Hill lake, geophysics, $175k R7/Rook 1, geophysics, $400k
Nunavut , ,
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Contact Information
Suite 300, 235 15th
StreetWest Vancouver, BC, CanadaV7T 2X1604.925.1810 (office)604.921.1898 (fax)
www.titanuranium.com
PRESIDENT & CEOChris M. Healey604.925.1810
INVESTOR RELATIONS604.925.1810 ext 237
.
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