October 2013
Some of the statements in this document may be deemed to be "forward-looking statements". All
statements on in this docume...
Trading Symbol:
US OTC Trading Symbol:
Issued & Outstanding Shares:
Fully Diluted:
Insider Ownership:
Recent Share Price:
...
Jordan Trimble, B.Sc.: President & CEO
Jordan Trimble is the President and Chief Executive Officer of Skyharbour Resources...


According to the World Nuclear
Association in 2010 there were
439 nuclear reactors operating
worldwide in 27 countries,...


Ux Consulting (UxCo) has estimated that uranium demand will grow from 185 million
pounds of U3O8 in 2009 to 255 million...
Value of Uranium Grades Compared to Other Metals
(Calculated in $US using metric tonnes and troy ounces in May 2013)
Metal...


The Uranium (U3O8)
deposits of
Saskatchewan,
Canada are the richest
in the world



The Athabasca Basin
is an ancient
...


The Patterson Lake area is located in the southwestern Athabasca Basin region



The area has received escalating expl...
26
10


Earn in option agreement between Skyharbour Resources (TSX-V: SYH), Lucky Strike Resources (TSXV: LKY), Athabasca Nucle...


Benefit of syndicate model is having combined geological team with over 200 years of experience with focus on uranium e...
12
13


Uranium mineralization in the Patterson Lake area
bears a number of similarities to the high-grade uranium
deposits in ...


246,644 hectare (609,469 acre) uranium property south of the PLS discovery
area and directly contiguous to claims held ...


The four companies’ combined geological team will explore the properties by utilizing proven, costefficient exploration...


The Syndicate has finished Phase 1 of exploration at Preston Lake starting with an airborne geophysical survey consisti...


The first-pass phase of ground exploration, Phase 2, included boulder prospecting using hand held
scintillometers, rado...
19


The North Patterson and RY Properties are strategically located approximately 27 km and 35
km respectively to the north...
Contact: Jordan Trimble – President and CEO
Telephone: (604) 687-3376
Toll Free: (800) 567-8181
www.skyharbourltd.com
info...
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Syh Corporate Presentation October 2013

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Transcript of "Syh Corporate Presentation October 2013"

  1. 1. October 2013
  2. 2. Some of the statements in this document may be deemed to be "forward-looking statements". All statements on in this document, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information. 1
  3. 3. Trading Symbol: US OTC Trading Symbol: Issued & Outstanding Shares: Fully Diluted: Insider Ownership: Recent Share Price: Market Capitalization: Treasury: Enterprise Value: SYH (TSX-V) SYHBF 43.6 million 75.8 million Over 25% of the outstanding shares $0.10 $4.4 million $1.3 million $3.1 million Stock Held in Other Companies: • 721,313 shares of Athabasca Nuclear (TSX-V: ASC) trading at $0.25/share • 2,000,000 shares of Lucky Strike (TSX-V: LKY) trading at $0.11/share • 640,000 shares of Noka Resources (TSX-V: NX) trading at $0.28/share • 25,000 shares of Premier Gold (TSX: PG) trading at $2.05/share *Prices as of October 1, 2013 2
  4. 4. Jordan Trimble, B.Sc.: President & CEO Jordan Trimble is the President and Chief Executive Officer of Skyharbour Resources. Mr. Trimble holds a Bachelor of Science Degree with a Minor in Commerce from UBC and he is a 2014 Level III CFA Candidate. He has worked in the resource industry in various roles with numerous TSX Venture listed companies specializing in corporate finance and strategy, shareholder communications, marketing, deal structuring and capital raising. Mr. Trimble has an extensive network of institutional and retail investors as well as resource industry professionals bringing valuable relationships to the Company. He has a wealth of business development, managerial and sales experience to help drive Skyharbour forward as the Company and its team continues to create shareholder value. Mr. Trimble has completed the Canadian Securities Course and Technical Analysis Course offered through CSI as well as several geology, exploration and mining courses. Jim Pettit: Chairman of the Board Jim Pettit is the Chairman of the Board of Skyharbour Resources Ltd. Mr. Pettit is currently serving as a Director on the Boards of 6 public resource companies and offers over 25 years of experience within the industry specializing in finance, corporate governance, management, and compliance. He specializes in the early stage development of private, as well as public companies. His background over the past 25 years has been focused primarily within the resource sector where he has managed and directed junior resource companies through good times and bad. Don C. Huston: Director Has been associated with the mineral exploration industry for over 30 years and has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America. He was born and raised 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. Richard Kusmirski, P.Geo., M.Sc.: Head Technical Advisor Rick Kusmirski, P.Geo., M.Sc., Head Technical Advisor, has over 40 years of exploration experience in North America and overseas, and has actively participated in the discovery of a number of uranium, gold and base metal deposits. For several years, in his capacity as Exploration Manager, he directed Cameco Corporation's (TSX: CCO) uranium exploration projects in the Athabasca Basin. In 1999, Rick joined JNR Resources becoming Vice President of Exploration in 2000. Subsequently, he directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake uranium joint venture in the Athabasca Basin in Saskatchewan with partner Kennecott Canada. Rick became JNR's President and CEO in January of 2001. In February of 2013, Denison Mines Corp. (TSX: DML) successfully acquired all of the outstanding shares of JNR by way of a friendly all-share take-over bid. Robert D. Marvin, P.Geo., CPG: Company Geologist Bob Marvin is the Qualified Person as defined by National Instrument 43-101. Since 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. He graduated from the University of New Mexico with a Bachelor of Science degree in geology in 1984. 3
  5. 5.  According to the World Nuclear Association in 2010 there were 439 nuclear reactors operating worldwide in 27 countries, generating 374.7 gigawatts of electricity and supplying 15% of the world’s electrical requirements  In addition to the operating nuclear reactors worldwide, there are 231 nuclear reactors under construction or planned and a further 317 reactors in the proposal stage  Global demand for electricity is set to grow 76% by 2030 and nuclear energy will play an integral role in meeting this demand 5 4
  6. 6.  Ux Consulting (UxCo) has estimated that uranium demand will grow from 185 million pounds 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 in the supply-demand equation  UxCo has estimated that existing mine production plus new planned and potential mine production will increase primary uranium supply from 132 million pounds in 2009 to 225 million pounds in 2020, falling short of expected demand of 255 million pounds per year  For the last two decades, uranium production has struggled to keep up with demand and the shortfall has been met through secondary sources including the HEU agreement (Megatons to Megawatts program) in which Russia has down-blended weapons-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 downblending program is scheduled to terminate in 2013 and the supply gap created by this termination will need to be made up from new primary mine production 5
  7. 7. Value of Uranium Grades Compared to Other Metals (Calculated in $US using metric tonnes and troy ounces in May 2013) Metal Grade lbs/t $/unit Value/t U3O8 1% 22 $45 / lb $990 Gold 22.6 g/t - $1360 /oz $990 Silver 1386 g/t - $22.23 / oz $991 Copper 13.6% 300 $3.30 / lb $989 Nickel 6.71% 148 $6.69 / lb $990 1% U3O8 (Uranium) = 22.6 g/t Gold 1386 g/t Silver 13.6% Copper 6.71% Nickel 6
  8. 8.  The Uranium (U3O8) deposits of Saskatchewan, Canada are the richest in the world  The Athabasca Basin is an ancient sedimentary basin which hosts the world's most significant uranium mines and produces just under 20% of the current world uranium production  2012 Southwest Athabasca Basin:  Patterson Lake South discovery by Alpha Minerals (TSX-V: AMW) and Fission Uranium (TSX-V: FCU)  2008 to 2010 Eastern Flank Athabasca Basin:  J-Zone discovery by Fission Uranium and KEPCO: indicated 306,831 tonnes at 1.52% U3O8 (10.2mm lbs) and inferred 138,404 tonnes at 0.90% U3O8 (2.7mm lbs)  Wheeler River – Phoenix Deposit being explored by Denison Mines (TSX: DML): Phoenix A has indicated 89,900 tonnes at 18.0% U3O8 (35.6mm lbs) and Phoenix B has inferred 23,800 tonnes at 7.3% U3O8 (3.8mm lbs) 7
  9. 9.  The Patterson Lake area is located in the southwestern Athabasca Basin region  The area has received escalating exploration attention and claim acquisition activity as a result of the new, shallow high-grade uranium discovery made by Alpha Minerals (TSX-V: AMW) and Fission (TSXV: FCU) outside of the Basin proper  Drill results at the expanding Alpha / Fission discovery area include:       54.5m of 9.08% U3O8 including 21.5m of 21.76% U3O8 in hole PLS13-075 (R390E Zone) 49.5m of 6.26% U3O8 including 6.0m of 35.00% U3O8 in 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 of 12.38% U3O8 in hole PLS13-038 (R390E Zone) 37.5m of 1.17% U3O8 including 13.0m of 1.97% U3O8 (R00E Zone) These discoveries demonstrate the potential for high-grade uranium mineralization on the margins of the western side of the Athabasca Basin where significantly less exploration has been carried out compared to the eastern side of the Basin 8
  10. 10. 26 10
  11. 11.  Earn in option agreement between Skyharbour Resources (TSX-V: SYH), Lucky Strike Resources (TSXV: LKY), Athabasca Nuclear (TSX-V: ASC), and Noka Resources (TSX-V: NX)  Western Athabasca Syndicate Property Package includes the largest land package in the Patterson Lake area totalling 246,643 hectares (609,469 acres) strategically located to the west, east, north and south of the PLS high-grade discovery  The collective efforts of the four partner companies forming the syndicate combine over 250 years of exploration and finance experience with focused technical expertise in Athabasca uranium exploration  Five geologically prospective uranium properties comprise the 25% earn-in agreement between the four companies; the properties were acquired for their proximity to the PLS discovery and interpreted favourable geology for the occurrence of PLS style uranium mineralization  The Western Athabasca Syndicate will be spending a minimum of $6,000,000 in combined exploration expenditures over the next two years; Skyharbour will fund $1,000,000 whole the three partner companies will fund the remaining $5,000,000  Skyharbour’s management considers this the most cost-efficient and operationally-effective structure to conduct a large scale exploratory program while mitigating company-specific risk and equity dilution to shareholders 10
  12. 12.  Benefit of syndicate model is having combined geological team with over 200 years of experience with focus on uranium exploration in Athabasca Basin: Richard Kusmirski, P.Geo., M.Sc.: Head Technical Advisor for Skyharbour Resources Mr. Kusmirski has over 40 years of exploration experience in North America and overseas, and has actively participated in the discovery of a number of uranium, gold and base metal deposits. After directing Cameco’s uranium exploration projects in the Basin, Rick joined JNR Resources becoming VP of Exploration by 2000. He directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake uranium property. Rick then became JNR's President and CEO and in February of 2013, Denison acquired all of the outstanding shares of JNR by way of a friendly take-over bid. Darren Smith, P. Geo., M.Sc.: Director and Geological Consultant for Noka Resources Mr. Smith is a Professional Geologist and is employed by Dahrouge Geological Consulting Ltd. which has a track record of success with its President, Jody Dahrouge, and his team involved in the conceptualization and acquisition of several uranium properties within the Athabasca Basin. Most notably these include such projects as Waterbury Lake (J-Zone), Patterson Lake and in part Patterson Lake South. From 2006 to 2010, Mr. Smith conducted uranium exploration in the Basin for multiple clients, primarily for roll-front, Beaverlodge, and unconformity-basement style mineralization. He was directly involved in or co-managed drilling at such notable locations as Patterson Lake, the Athabasca Property (North Shore) and Waterbury Lake (J-Zone). His experience includes carbonatite complexes and associated rare metals, rare earth elements, in addition to sandstone-hosted and unconformity-style uranium deposits. Charles Downie, P.Geo.: President, CEO and Director of Athabasca Nuclear Mr. Downie has well over 20 years experience in mineral exploration and mining. He worked for Cominco Ltd. both pre and post graduation where he was involved with grassroots exploration, property evaluation, mine development and mine production at various exploration projects throughout Western Canada including Pine Point, Polaris, Snip and Sullivan. After leaving Cominco in 1993, Mr. Downie worked as a geological consultant throughout North, Central, and South America with a wide range of projects including copper gold porphyry, shear hosted gold, sedimentary exhalitive, and VMS. Jarrod Brown, P. Geo., M.Sc.: Chief Geologist and Project Manager for TerraLogic Exploration Inc. Mr. Brown began consulting as a project geologist for TerraLogic and then came on full-time as senior project geologist starting in 2005. Currently his primary technical responsibilities as a Project Manager involve him in every aspect of mineral exploration, from base-line research and tenure acquisition, through to intensive fieldwork and to the final interpretation of results. Mr. Brown has extensive experience with basement hosted uranium targets in the Basin. Henry Neugebauer, P.Eng., MBA: Director & Qualified Person for Lucky Strike Resources Mr. Neugebauer has worked as a consulting geologist and engineer since 1965. His experience includes 15 years with Chevron where his roles included Western U.S. Exploration Manager in which he was responsible for uranium exploration and development, and Country Manager for Chevron’s uranium exploration program in Spain. Mr. Neugebauer has also worked in many other countries throughout the world as a consultant and technical advisor, director and president of gold and uranium exploration companies. John Adams: Director of Lucky Strike Resources Mr. Adams brings over 30 years of experience in the mining business to the Company. The Son of the late Robert W. Adams, one of the founders of the US uranium industry, John managed the family owned company Energy Fuels Corporation, which developed and owned the largest coal mine in Colorado (4 million tons per year). John was also Chief Executive Officer of Energy Fuels Nuclear Inc., the largest producer of uranium in the US (5 million lbs per year) during the 1980’s and early 1990’s. For over 10 years, Mr. Adams has been developing the Toroparu Gold Deposit in Guyana, South America. In addition, to his mining activities Mr. Adams has been active in real estate development, banking, and cattle production. 11
  13. 13. 12
  14. 14. 13
  15. 15.  Uranium mineralization in the Patterson Lake area bears a number of similarities to the high-grade uranium deposits in the Eastern part of the Athabasca Basin like those at the Cigar Lake and McArthur River mines  The mineralization occurs in structurally disrupted and strongly clay altered, commonly graphitic pelites and metapelites with narrow felsic segregations / pegmatites  Sulphides are commonly associated with the mineralization along with anomalous levels of cobalt, nickel, molybdenum and boron  Uranium mineralization in the Patterson Lake area is also associated with felsic intrusives, primarily pegmatites  Western Athabasca Syndicate Properties have both target types on large land package in the Patterson Lake region 14
  16. 16.  246,644 hectare (609,469 acre) uranium property south of the PLS discovery area and directly contiguous to claims held by Fission Uranium, Forum Uranium and NexGen Energy  The claims are accessible by road with primary access from the all-weather Highway 955, which runs north through the PLS discovery through to the former Cluff Lake uranium mine  An initial review of historic exploration data on the Preston Lake Property has identified a number of potential areas for follow up; the property covers the extension of NE-SW on-trend linears and mag features targeted by Fission and Alpha at PLS  A uranium in lake sediment sample collected by the Geological Survey of Canada returned a value of 5.4 ppm U3O8; this high uranium value may indicate either the down-ice glacial transport of uranium boulders from source or an in-situ source of uranium (for comparison, the highest value down-ice from the PLS discovery is 3.2 ppm U3O8)  Another high-priority area has clusters of anomalous uranium in lake sediment samples and anomalous uranium values in rock samples (up to 5.6 ppm U3O8)  Presence of km-scale NE-SW trending graphitic faults associated with sulphides and anomalous radioactivity as identified with scintillometers  Historical diamond drilling on the property successfully confirmed the presence of graphite-bearing conductors in the region; these graphitic conductors are the primary targets at the high grade uranium PLS discovery area to the north Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on these properties. 15
  17. 17.  The four companies’ combined geological team will explore the properties by utilizing proven, costefficient exploration techniques that have led to numerous uranium discoveries in the Athabasca Basin region; the primary target is high-grade and shallow uranium mineralization  Technical team includes TerraLogic Exploration which have been active in Archean basement exploration in the Basin since 2005 and are credited with the basement-hosted uranium discovery at Eagle Lake  TerraLogic has proprietary data collection methodology which provides rapid integration of field data with extensive databases; they also have an excellent network of prospectors, geophysical consultants and exploration support contractors  High-priority areas of interest have been flown first (EM, mag and radiometric geophysical surveys) with an aggressive follow-up field work program planned for September and October; a sophisticated targeting matrix is being used to identify and prioritize areas for ground-based follow-up  Field work will include ground-truthing of high-priority geophysical targets using water and soil radon sampling, scintillometer surveying, boulder tracing, geochemical lake sediment and soil sampling, biogeochemistry, prospecting, and trenching as required  The Syndicate’s geological team will then integrate / interpret results to define priority areas for detailed follow-up and drill target selection using a specific criteria set comprising similar geological features and exploratory indicators present at Fission and Alpha’s nearby PLS discovery  By the end of this summer’s field program in October, a total of approximately $1.5 million will have been spent in exploration on the property between airborne geophysical surveys and follow-up ground work 16
  18. 18.  The Syndicate has finished Phase 1 of exploration at Preston Lake starting with an airborne geophysical survey consisting of 4,840 line kilometres using a VTEM system (EM and mag)  The VTEM survey succeeded in mapping over 300 km of interpreted graphitic-type basement conductors which are compliant with basement geology trends as revealed by the associated aeromagnetics; these strong, multi-kilometre conductive anomalies represent primary exploration targets  Of particular interest are cross-cutting structural features and flexures affecting the conductor traces, which are often associated with high-grade uranium deposits of the Basin including PLS discovery  An additional 4,400 line kilometres in a high-res, airborne radiometric survey was flown to locate uranium boulder trains and in-situ uranium mineralization  Initial interpretation of the radiometric data has identified areas with elevated uranium counts that can be correlated along / between multiple lines; may indicate the presence of radioactive boulder trains or in situ uranium mineralization  These radiometric features, particularly where possible sources coincide with prospective EM conductors, are high-priority targets for followup ground work as this is the signature that led to the PLS discovery  Field crews also completed a preliminary assessment of Preston Lake and identified the presence of km-scale NE-SW trending graphitic faults associated with sulphides and anomalous radioactivity in addition to completing preliminary water radon sampling, prospecting and scintillometer surveying 17
  19. 19.  The first-pass phase of ground exploration, Phase 2, included boulder prospecting using hand held scintillometers, radon and silt sampling using both helicopter and boat support, geochemical and radon soil sampling, geological mapping and prospecting, and biogeochemical sampling  291 water and 248 lake sediments, 213 biogeochemical samples and 91 soil geochemical samples were collected from detailed grids established over priority targets as well as 21 rock samples  The radon survey at the Phase 2 Preston Lake program has successfully identified a number of significant radon anomalies occurring both as clusters and as discrete point anomalies  9 of the 291 radon samples returned radon values in excess of 23 pCi/l (picocuries per litre) with a peak value of 98 pCi/l  Radon in water survey results were instrumental in identifying first pass drill targets at the nearby PLS discovery and helped vector in on most of the high-grade discovery zones (see Fission’s May 6, 2013 News Release – New Radon Survey Identifies Strongest Anomaly to Date)  25 discrete geographic areas on the Preston Lake Property were identified that have radioactivity measurements of more than 1,000 counts per second (background being typically <500 cps) using an RS125/RS-120 Spectrometer / Scintillometer, with a maximum reading of 5,200 counts per second  The current Phase 3 exploration underway at Preston Lake will include focus on specific high-priority areas identified from the work to date  By the end of this summer/fall field program in October, a total of approximately $1.5 million will have been spent in exploration with the goal being to identify uranium showings and potential drill targets through detailed airborne geophysical surveys, silt and soil sampling, radon sampling, and prospecting for radioactive boulder fields 18
  20. 20. 19
  21. 21.  The North Patterson and RY Properties are strategically located approximately 27 km and 35 km respectively to the north of Fission / Alpha's Patterson Lake South project claim boundary and cover prospective geology within the Athabasca Basin sandstones including NE-SW regional structural trends  Approximately 90 km east of the PLS discovery is the Syndicate’s South Basin Property which is situated along the unconformable contact between basement rocks and the Athabasca Basin  With this significant land package, the Syndicate is well positioned in this emerging area to the north, south, east and west of PLS as well as other regional operators in the area including Cameco Corp., Areva, and Denison Mines  11,769 acre Wheeler Project is located in the Eastern Athabasca Basin and has three uranium showings on the property; grab sample assay values range from 10 ppm to 0.495% U3O8  Mineralization is contemporaneous with the formation of pegmatoid rocks and uranium is scattered as uraninite grains enclosed in weakly altered biotite, quartz and feldspar  The Wheeler Project has two obvious targets for immediate exploration: first, the known, outcropping, pegmatite hosted uranium mineralization mentioned above, and second, Cigar Lake style uranium mineralization hosted at the regional, unconformable contact between the Archean age pegmatites and overlying basin fill sedimentary units 20
  22. 22. Contact: Jordan Trimble – President and CEO Telephone: (604) 687-3376 Toll Free: (800) 567-8181 www.skyharbourltd.com info@skyharbourltd.com Suite 1610, 777 Dunsmuir Street Vancouver, BC, V7Y 1K4, Canada Robert D. Marvin, P. Geo., CPG is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this presentation.
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