Exploring for Uranium in theAthabasca Basin of Northern SaskatchewanJune 2013
This presentation may contain forward-looking statements including but not limited tocomments regarding the timing and content of upcoming work programs, geologicalinterpretations, capital and other costs and credits, timing for and results of feasibilitystudy and other programs, receipt of property titles, potential mineral recovery processes,and other related matters. Forward looking statements address future events andconditions and therefore involve inherent risks and uncertainties. Actual results may differmaterially from those currently anticipated in such statements. No representation orprediction is intended as to the results of future work, nor can there be any promise thatthe estimates and projections herein will be sustained in future work or that the Project willotherwise prove to be Economic. This presentation contains certain "Forward-LookingStatements" within the meaning of Section 21E of the United States Securities Exchange Actof 1934, as amended. All statements, other than statements of historical fact, includedherein are forward-looking statements that involve various risks and uncertainties. Therecan be no assurance that such statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from the Company’s expectationsare disclosed in the Companys documents filed from time to time with the British ColumbiaSecurities Commission and the United States Securities & Exchange Commission.
Trading Symbol: SYH (TSX-V)Issued & Outstanding Shares: 35.8 millionFully Diluted: 62.2 millionRecent Share Price: $0.06Market Capitalization: $2.1 millionCash: $900,000Stock: •2,000,000 shares of Lucky Strike(TSX-V: LKY) trading at $0.075/share•640,000 shares of Noka Resources(TSX-V: NX) trading at $0.12/share•25,000 shares of Premier Gold(TSX: PG) trading at $1.87*Prices as of May 24, 2013
Don C. Huston: President & CEOHas been associated with the mineral exploration industry for 25 years and has extensive experience as afinancier in-field manager of numerous mineral exploration projects in North America. He was born andraised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D Huston & Sons Ltd.As mineral exploration consultants in northern Ontario, Manitoba, and Saskatchewan.Jim Pettit: DirectorJim Pettit is a Director of Skyharbour Resources Ltd. Mr. Pettit is currently serving as a Director on theBoards of 6 public resource companies and offers 15 years experience within the industry specializing infinance, corporate governance, management, and compliance. He specializes in the early stagedevelopment of private, as well as public companies. His background over the past 15 years has beenfocused primarily within the resource sector where he has managed and directed junior resourcecompanies through good times and bad.Jordan Trimble: Corporate Development and CommunicationsJordan Trimble carries out the corporate development and communications activities for SkyharbourResources. Since graduating from UBC in 2010 with a Bachelor of Science and Minor in Commerce, Jordanhas worked in the resource sector with a number of TSX Venture listed companies specializing incorporate finance and strategy, shareholder communications, marketing, deal structuring and capitalraising. Jordan has built a strong network of institutional and retail investors as well as resource industryprofessionals to help in the capital raising, marketing and business development functions forSkyharbour. He is a Level 2 CFA Candidate and has completed the Canadian Securities Course andTechnical Analysis Course offered through CSI as well as several geology, exploration and mining courses.
Richard Kusmirski, P.Geo., M.Sc.: Head of Advisory BoardRick Kusmirski, P.Geo., M.Sc., Head of Advisory Board, has over 40 years of exploration experience inNorth America and overseas, and has actively participated in the discovery of a number of uranium, goldand base metal deposits. For several years, in his capacity as Exploration Manager, he directed CamecoCorporations (TSX: CCO) uranium exploration projects in the Athabasca Basin. In 1999, Rick joined JNRResources becoming Vice President of Exploration in 2000. Subsequently, he directed the explorationprogram that led to the discovery of the Maverick Zone on the Moore Lake uranium joint venture in theAthabasca Basin in Saskatchewan with partner Kennecott Canada. Rick became JNRs President and CEO inJanuary of 2001. In February of 2013, Denison Mines Corp. (TSX: DML) successfully acquired all of theoutstanding shares of JNR by way of a friendly all-share take-over bid.Robert D. Marvin, P.Geo., CPG: Company GeologistSince 1979, Mr. Marvin has been involved in mineral exploration for and evaluation of gold, copper, zinc,and uranium deposits throughout the Americas as an employee and as an independent consultant. Hegraduated from the University of New Mexico with a Bachelor of Science degree in geology in 1984.
According to the World NuclearAssociation in 2010 there were 439nuclear reactors operating worldwide in27 countries, generating 374.7gigawatts of electricity and supplying15% of the world’s electricalrequirements In addition to the operating nuclearreactors worldwide, there are 231nuclear reactors under construction orplanned and a further 317 reactors inthe proposal stage Global demand for electricity is set togrow 76% by 2030 and nuclear energywill play an integral role in meeting thisdemand
Ux Consulting (UxCo) has estimated that uranium demand will grow from 185 millionpounds of U3O8 in 2009 to 255 million pounds in 2020 – an increase of almost 38% While long-term demand is steadily growing, uranium supply is the biggest variable inthe supply-demand equation UxCo has estimated that existing mine production plus new planned and potential mineproduction will increase primary uranium supply from 132 million pounds in 2009 to225 million pounds in 2020, falling short of expected demand of 255 million poundsper year For the last two decades, uranium production has struggled to keep up with demandand the shortfall has been met through secondary sources including the HEUagreement (Megatons to Megawatts program) in which Russia has down-blendedweapons-grade uranium for sale to the US as nuclear reactor fuel The 18 to 24 million pounds of uranium per year being provided from the HEU down-blending program is scheduled to terminate in 2013 and the supply gap created by thistermination will need to be made up from new primary mine production
Value of Uranium Grades Compared to Other Metals(Calculated in $US using metric tonnes and troy ounces in May 2013)1% U3O8 (Uranium) =Metal Grade lbs/t $/unit Value/tU3O8 1% 22 $45 / lb $990Gold 22.6 g/t - $1360 /oz $990Silver 1386 g/t - $22.23 / oz $991Copper 13.6% 300 $3.30 / lb $989Nickel 6.71% 148 $6.69 / lb $99022.6 g/t Gold1386 g/t Silver13.6% Copper6.71% Nickel
The Uranium (U3O8) deposits of Saskatchewan, Canada are the richest in the world The Athabasca Basin is an ancient sedimentary basin which hosts the worlds mostsignificant uranium mines and produces almost 20% per cent of the current worlduranium production Athabasca uranium deposits also have grades substantially higher than the worldaverage grade of under 0.2% U3O8
2012 Southwest Athabasca Basin◦ Patterson Lake South discovery by Alpha Minerals (TSX.V: AMW) and Fission Uranium(TSX.V: FCU)◦ Drill results include 10.5m of 29.26% U3O8, 34m of 4.92% U3O8 and 12.5m of 2.49%U3O8 2010 Eastern Flank Athabasca Basin◦ J-Zone discovery by Fission Uranium and KEPCO◦ Indicated 306,831 tonnes at 1.52% U3O8 (10.2 million lbs)◦ Inferred 138,404 tonnes at 0.90% U3O8 (2.7 million lbs) 2008 Eastern Flank Athabasca Basin◦ Wheeler River – Phoenix Deposit being explored by Denison Mines (TSX: DML)◦ Phoenix A: indicated 89,900 tonnes at 18.0% U3O8 (35.6 million lbs)◦ Phoenix B: inferred 23,800 tonnes at 7.3% U3O8 (3.8 million lbs)
The Patterson Lake area is located in the southwestern Athabasca Basin region The area has received escalating exploration attention and claim acquisition activity as aresult of the new, shallow discovery made by Alpha and Fission outside of the Basin proper Drill results at the expanding discovery area include:◦ 49.5m of 6.26% U3O8 including 6.0m of 35% U3O8 in drill hole PLS13-053 (R390E Zone)◦ 53.0m of 6.57% U3O8 including 10.5m of 29.26% U3O8 in hole PLS13-051 (R390E Zone)◦ 34.0m of 4.92% U3O8 including 12.5m at 12.38% U3O8 in hole PLS13-038 (R390E Zone)◦ 37.5m of 1.17% U3O8 including 13.0m of 1.97% U3O8 (R00E Zone)◦ 2.0m of 12.4% U3O8 (R00E Zone) These discoveries demonstrate the potential for high-grade uranium mineralization on themargins of the western side of the Athabasca Basin where significantly less exploration hasbeen carried out compared to the eastern side of the Basin
Skyharbour has acquiredseven properties in theAthabasca Basin ofSaskatchewan totalingapprox. 400,000 acres 6 properties located inthe Patterson Lake areatotalling approx. 388,000acres 1 property in the EasternFlank totalling approx.12,000 acres
388,000 acres of prospective ground arestrategically located near the Alpha Minerals andFission Uranium Patterson Lake South (PLS)discovery area; it is one of the largest land positionsin the Patterson Lake region Skyharbour’s properties were acquired for theirproximity to the PLS discovery and interpretedfavourable geology for the occurrence of PLS styleuranium mineralization With significant leverage and exposure to this regiongiven the early and low cost entry into the area,Skyharbour intends to unlock shareholder valuethrough both exploratory work programs potentiallyleading to new discoveries as well as from optionand joint venture agreements with other groups Other regional operators in the area include CamecoCorp., Areva, and Denison Mines
Uranium mineralization in the Patterson Lake area bears a number of similarities to thehigh-grade uranium deposits in the Eastern part of the Athabasca Basin like those at theCigar Lake and McArthur River mines The mineralization occurs in structurally disrupted and strongly clay altered, commonlygraphitic pelites and metapelites with narrow felsic segregations / pegmatites Sulphides are commonly associated with the mineralization along with anomalous levelsof cobalt, nickel, molybdenum and boron Uranium mineralization in the Patterson Lake area is also associated with felsicintrusives, primarily pegmatites Skyharbour has both target types on its large land package in the Patterson Lake region
As one of the largest land holders in the Patterson Lake region, Skyharbour is well positioned in thisemerging area to the north, south east and west of the recent high grade uranium discovery West Patterson Propertyo Located approximately 18 km to the southwest of Fission / Alphas Patterson Lake South project claimboundaryo The property is on strike with the W-SW to E-NE mineralized trend being delineated at the PLS uraniumdiscovery zoneso Beneath Phanerozoic cover rocks, the West Patterson property is transected by the margin of theClearwater and Lloyd Domains; although the significance of this contact is poorly understood it may beimportant given the similar tectonic/structural settings present at the nearby Cluff Lake, Shea Creek andPLS high grade uranium discoveries South Patterson Propertyo Located approximately 15 km to the south of Fission / Alphas Patterson Lake South project claimboundary and is road accessible via all-weather Highway 955 which runs north to the former Cluff Lakemine (> 60M lbs of U3O8 produced)o Underlain by crystalline basement rocks of the Lloyd Domain which is same geological domain hostingAlpha / Fission’s PLS uranium discovery to the northo Airborne surveys and follow-up ground surveys were completed on the South Patterson Property in1979-1980 with a follow-up diamond drill program in 1980 (four BQ holes in two areas totaling 332.7metres)o This drilling confirmed the previously identified conductor targets as graphite-rich horizons inbasement lithologies with shearing and fracturing prevalent in three directions
Draco Propertyo Located approximately 15 km south of Fission / Alphas Patterson Lake South project claim boundaryand is road accessible via all-weather Highway 955o Underlain by crystalline basement rocks of the Lloyd Domain which is same geological domain hostingAlpha / Fission’s PLS uranium discovery to the northo Airborne surveys completed in 1977 generated several EM conductors of interest and one EM conductorwith moderate magnetic correlation was drill tested that yearo Diamond drill hole KL-77-3 intersected 41 metres of glacial till followed by basement gneissic rocks toa terminal depth of 124 metreso Of particular note was that the basement rocks included three narrow horizons of graphitic pyriticargillite that account for the EM geophysical response North Patterson and RY Propertieso Strategically located approximately 27 km and 35 km respectively to the north of Fission / Alphas PLSproject claim boundary and cover prospective geology within the Athabasca Basin sandstones includingNE-SW regional structural trends South Basin Propertyo Located approx. 90 km east of the PLS discovery and is situated along the unconformable contactbetween basement rocks and the Athabasca Basin
11,769 acre Wheeler Project is located inthe Eastern Flank of the Athabasca Basinand has three uranium showings on theproperty; grab sample assay values rangefrom 10 ppm to 0.495% U3O8 The mineralization is contemporaneouswith the formation of the pegmatoid rocksand uranium mineralization is scattereduraninite grains enclosed in fresh andweakly altered biotite, quartz and feldspar The Wheeler Project has two obvioustargets for immediate exploration: first, theknown, outcropping, pegmatite hosteduranium mineralization mentioned above,and second, Cigar Lake style uraniummineralization hosted at the regional,unconformable contact between theArchean age pegmatites and overlyingbasin fill sedimentary units
Skyharbour has now commenced its first phase of exploration on its Patterson Lake properties startingwith an airborne geophysical survey consisting of approximately 2,120 line kilometres using a VTEMsystem and a magnetometer survey with an additional 825 line kilometres of radiometric sensor coverage The EM and magnetometer surveys are being carried out to define basement conductors similar to thestructures that host the high-grade uranium discoveries at the nearby Patterson Lake South projectcurrently being explored by Alpha and Fission; the radiometric survey is designed to locate uraniumboulder trains and in-situ uranium mineralization The highest-priority properties being flown first include the West Patterson Property, the South PattersonProperty and the Draco Property with field work to follow this summer The small amount of historical diamond drilling on the Draco and South Patterson Properties successfullyconfirmed the presence of graphite-bearing conductors in the region; these graphitic conductors are theprimary targets at the high grade uranium PLS discovery area to the north
Fully funded summer 2013 exploration program with Skyharbour as the operatoro Skyharbour recently signed two option agreements for its Athabasca property package with Lucky Strike(TSX.V-LKY) and Noka Resources (TSX.V-NX); each have options to earn a 25% interest into theproperties by making cash and stock payments to Skyharbour and by funding combined $2 million inwork commitments over next two years including combined $1 million in exploration in first year Lucky Strike and Noka are two value-add partners as they bring further technical expertise, provenmanagement teams and financial capital to help create synergies in the field and corporately The collective geological team plans to employ the refined exploration methodology that led to the Alpha /Fission PLS discovery to further increase the chances of making a new discovery while saving costs andtime This partnership and structure offers the best prospects for vectoring in on a new uranium discovery in theAthabasca region while at the same time mitigating company-specific risk
Contact: Jordan Trimble – Corporate DevelopmentTelephone: (604) 687-3376Toll Free: firstname.lastname@example.orgSuite 2230, 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADARobert Marvin, P.Geo., CPG, geologist for Skyharbour is the Qualified Person as defined by National Instrument 43-101 and hasapproved the technical information in this presentation.