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Syh ppt14 Presentation Transcript

  • 1. 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
  • 2.  Skyharbour is a preeminent uranium exploration company focused in the prolific Athabasca Basin of Saskatchewan, Canada which is one of the most favourable jurisdictions to work in globally  Holds interest in the largest land position (approx. 700,000 acres) strategically located in all directions around Fission Uranium’s Patterson Lake South (“PLS”) high grade uranium discovery as well as NexGen Energy’s recent discovery at Rook 1 on the southwestern flank of the Basin  Unique strategy to execute plan of making the next discovery in this region without substantial equity dilution to shareholders by forming a syndicate with 3 other companies (Western Athabasca Syndicate) to fund a $6 million exploration program over two years of which Skyharbour only has to pay for $1 million  Syndicate structure benefits Skyharbour with other value-add synergies including leveraging a combined geological team with over 200 years of experience in the Basin including Skyharbour’s own Head Geologist, Rick Kusmirski (over 40 years of experience in the Basin with Cameco and JNR Resources)  Skyharbour and the Syndicate are rapidly advancing flagship Preston Uranium Project using a similar refined exploratory methodology that led to the PLS and NexGen discoveries; inaugural drill program at Preston property recently completed  Skyharbour recently acquired 100% of the highly prospective Way Lake and Yurchison Lake Uranium Projects from Denison Mines totaling 103,552 hectares on the east side of the Basin  Way Lake property boasts shallow, NI 43-101 compliant inferred mineral resource totaling 7.0 million pounds U3O8 and 5.3 million pounds ThO2 at Fraser Lakes Zone B area, which is open along strike and at depth  Hook Lake target area at north end of Way Lake property yielded high grade uranium grab samples of up to 48% U3O8 in massive pitchblende vein exposed at surface; previous operators unable to definitively explain and locate the source  Skyharbour also holds 60% interest in Mann Lake Uranium Project SW of the McArthur River Mine and adjacent to ground where Cameco and International Enexco recently made a new high-grade uranium discovery; International Enexco is now being acquired by Denison  Skyharbour has multiple value-drivers including its Syndicate project and ongoing work program as well as its Way Lake, Yurchison Lake and Mann Lake projects on the east side of the Basin; the company will also benefit from a turnaround in the uranium market  Undervalued relative to its peer group and is a well structured company with 57 million shares outstanding of which insiders own over 20% 2
  • 3. *Prices as of May 29, 2014 3 Trading Symbol: SYH (TSX-V) Frankfurt Symbol: US OTC Trading Symbol: SC1N SYHBF Issued & Outstanding Shares: 56.9 million Fully Diluted: 88.9 million Insider Ownership: Over 20% of the outstanding shares Recent Share Price: $0.09 Market Capitalization: $5.1 million Stock Held in Other Companies:• 721,313 shares of Athabasca Nuclear (TSX-V: ASC) trading at $0.08/share • 2,000,000 shares of Lucky Strike (TSX-V: LKY) trading at $0.05/share • 640,000 shares of Noka Resources (TSX-V: NX) trading at $0.08/share
  • 4. Jordan Trimble, B.Sc.: President & CEO, Director 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 appeared on BNN several times and has given presentations at numerous resource conferences across North America. 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, Director Jim Pettit is the Chairman of the Board of Skyharbour Resources Ltd. Mr. Pettit is currently serving as a Director on the Boards of several 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 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. Donald G. Myers: Director Don Myers serves as a Director of Skyharbour Resources. He has thirty years of experience in public company management and corporate communications working with companies listed on the TSX Venture, NASDAQ, and Toronto Stock Exchanges. Mr. Myers’ background includes holding the position of Director and Officer of several Canadian public resource companies listed on the TSX Venture Exchange. 4
  • 5. Richard Kusmirski, P.Geo., M.Sc.: Director, Head Technical Advisor, and Qualified Person Rick Kusmirski, P.Geo., M.Sc., Director, Head Technical Advisor, and is the Qualified Person as defined by National Instrument 43- 101. 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. 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. Thomas S. Drolet, BEng, MSc, DIC: Technical Advisor Mr. Drolet is a uranium and nuclear industry specialist and principal of energy consultancy Drolet & Associates Energy Services Inc. Mr. Drolet has had a plus-40-year career in the energy sector, where he spent 26 years with Ontario Hydro in various engineering, research and operations functions. He formed and headed Canada's research and development program into fusion (CFFTP) in 1982 and then moved into international commercial work with Ontario Hydro International, where he was named president and CEO in 1993. Mr. Drolet was then appointed managing director of American Electric Power Canada, and president of Canadian Energy Opportunities Inc. where he was involved in mergers, acquisitions and other consulting activities in the Canadian and U.S. power sectors. Mr. Drolet earned a bachelor's degree in chemical engineering from Royal Military College of Canada, a master of science degree in nuclear technology/chemical engineering, and a DIC from Imperial College, University of London, England. He is a frequent guest and keynote speaker on nuclear energy at global conferences. Robert D. Marvin, P.Geo., CPG: Technical Advisor 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 5
  • 6.  According to the World Nuclear Association in 2010 there were 439 nuclear reactors operating worldwide, 231 nuclear reactors under construction or planned, and a further 317 reactors in the proposal stage  Global demand for electricity is expected to grow 76% by 2030 and nuclear energy will play an integral role in meeting this demand; nuclear energy is reliable, low cost, clean and it provides energy security  While long-term demand is steadily growing, uranium supply is the biggest variable in the supply- demand equation as there have been numerous recent mine shutdowns and development project deferrals due to depressed uranium prices  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 6
  • 7. Value of Uranium Grades Compared to Other Metals (Calculated in $US using metric tonnes and troy ounces in May, 2013) 1% U3O8 (Uranium) = 7 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 22.6 g/t Gold 1386 g/t Silver 13.6% Copper 6.71% Nickel
  • 8.  The Athabasca Basin in Saskatchewan, Canada is an ancient sedimentary basin hosting the world's richest uranium deposits and mines  The basin produces just under 20% of the world’s primary uranium supply in a safe and favourable jurisdiction 8  2012 to 2014, Southwest Athabasca Basin:  Patterson Lake South discovery made by Fission Uranium (TSX-V: FCU)  The Arrow Prospect discovery made by NexGen Energy (TSX-V: NXE) on their Rook 1 Project  2008 to 2010, Eastern Flank of the 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 has indicated 152,400 tonnes at 15.6% U3O8 (52.3mm lbs) and inferred 11,600 tonnes at 29.8% U3O8 (7.6mm lbs)
  • 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 shallow high-grade uranium discovery made by Fission Uranium and Alpha Minerals 9  Drill results at the expanding 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)  Recent uranium discovery made by NexGen Energy in their first hole at the Arrow prospect on the Rook 1 Project  These discoveries demonstrate the potential for high grade uranium mineralization on the western side of the Athabasca Basin where significantly less exploration has been carried out compared to the eastern side
  • 10. 10
  • 11.  Earn in option agreement between Skyharbour Resources (TSX-V: SYH), Lucky Strike Resources (TSX- V: 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 approx. 282,500 hectares (just under 700,000 acres) strategically located in all directions around the PLS high-grade discovery as well as the recent discovery made by NexGen at Rook 1  The collective efforts of the four partner companies forming the syndicate combine over 300 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 two years; Skyharbour will fund $1,000,000 while 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 11
  • 12. 12
  • 13.  Combined geological team with over 200 years of experience with focus on uranium exploration in the Athabasca Basin: Richard Kusmirski, P.Geo., M.Sc.: Director, Head Technical Advisor, and Qualified Person for Skyharbour Resources Thomas S. Drolet, BEng, MSc, DIC: Technical Advisor for Skyharbour Resources Charles Downie, P.Geo.: Director of Athabasca Nuclear Mr. Downie has well over 20 years experience in mineral exploration and mining. He worked for Cominco Ltd. on several 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. 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 for uranium exploration and development, and Country Manager for Chevron’s uranium exploration program in Spain. John Adams: Director of Lucky Strike Resources Mr. Adams brings over 30 years of experience in the mining business to the table. 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 the largest coal mine in Colorado (4 million tons/year). John was also CEO of Energy Fuels Nuclear Inc., the largest producer of uranium in the US (5 million lbs/year) during the 1980’s and 90’s. Recently, 13
  • 14.  246,644 hectare (609,469 acre) road-accessible property south of the PLS discovery and directly contiguous to claims held by Fission 3.0 and NexGen  A review of historic exploration data on the Preston 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 at PLS  Historical uranium in lake sediment sample returned a value of 4.8 ppm U; 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 3.8 ppm U  Historical diamond drilling on the property successfully confirmed the presence of graphite-bearing conductors in the region  The combined geological team will explore utilizing proven, cost-efficient techniques that have led to numerous discoveries in the Athabasca Basin region; the primary target is high-grade and shallow uranium Mineralization  The Syndicate’s geological team will then integrate / interpret results to define priority areas for follow-up work and drill target selection using a specific criteria set comprising similar geological features and exploratory indicators present at Fission’s nearby PLS discovery and NexGen’s nearby Arrow discovery  A total of $2.1 million has been spent thus far by the Syndicate in exploration on the property between geophysical surveys and follow-up ground work Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on these properties. 14
  • 15. 15  Phase 1 of exploration at Preston included airborne geophysical surveys consisting of 4,840 line km using a VTEM system (EM and mag) as well as 4,400 line km in high- resolution airborne radiometrics  EM survey succeeded in mapping over 300 km of interpreted graphitic-type basement conductors representing primary exploration targets; radiometric data has identified areas with elevated uranium counts which may indicate presence of radioactive boulder trains or in situ uranium mineralization  The first-pass ground exploration at Preston, Phases 2- 3, included boulder prospecting, radon and silt sampling, geochemical and radon soil sampling, geological mapping and prospecting, and biogeochemical sampling  The radon surveys successfully identified significant radon anomalies occurring as clusters and as discrete point anomalies; radon in water survey results were instrumental in identifying drill targets at the nearby PLS discovery and helped vector in on most of the high-grade zones  25 discrete areas were identified that have radioactivity measurements of more than 1,000 counts per second (background being <500 cps) with max reading of 5,200 cps  Fifteen potential drill target areas associated with eight highly prospective exploration corridors (similar to conductive corridors at PLS and at NexGen’s Arrow Prospect) have been successfully delineated through the extensive summer/fall airborne geophysics and ground evaluation
  • 16. 16 www.nokaresources.com Arrow Prospect  Gravity surveys have identified 23 gravity low anomalies associated with high-potential corridors  Gravity is a powerful tool for uranium exploration in the Basin and was a key mechanism for vectoring in on the recent discovery made by NexGen at Rook 1  Drill targets further refined with ground EM and radon surveys; first diamond drill program commenced in March, 2014  Coincident anomalies over multiple sample types in relation to high-potential corridors  Over $2 million spent in exploration by the Syndicate at Preston between geophysical surveys and follow-up ground work  Given the size of the property, exploration to date has only focused on less than half the land package leaving significant exploration upside potential in untested areas
  • 17. 17
  • 18.  In March, 2014 Skyharbour and Syndicate commenced inaugural diamond drill program consisting of approx. 2,000 metres of drilling  9 holes testing depths of 200-250 metres; depth to the top of the target zone (top of basement rock) is relatively shallow, ranging from 15-50 metres  3 initial target areas, out of a growing target base currently standing at 15, were selected by the Syndicate’s Technical Committee for drilling based on encouraging fieldwork  The majority of the work in this drill campaign focused on the Swoosh target where 5 separate drill pads tested a combination of EM conductors, complex structures, gravity lows, anomalous geochemistry and elevated radon values  The CHA and Fin South drill targets also represent high-potential exploration prospects given the presence of coincident anomalies and indicators similar to those seen at the Swoosh target and at other discovery areas in the Athabasca Basin  Extensive fieldwork carried out to date has vectored in on 15 high-priority areas with similar geological features and exploratory indicators as those at nearby PLS and NexGen discoveries with the 3 initial drill targets providing strong discovery potential; continue to value-add the project using a systematic and proven exploration methodology 18
  • 19. 19  Skyharbour has acquired from Denison Mines a 100% interest in the Way Lake Uranium Project comprised of 21 contiguous claims totaling 90,892 hectares located 55 km east of the Key Lake mine in northern Saskatchewan  In 2012, JNR Resources announced an initial mineral resource estimate for the Fraser Lakes Zone B of 6,960,681 pounds inferred at an average grade of 0.03% U3O8 and 5,339,219 pounds inferred at an average grade of 0.023% ThO2 within 10,354,926 tonnes using a cutoff grade of 0.01% U3O8  The style of mineralization associated with intrusive rocks is commonly referred to as “Rössing type” named after largest, longest-running open pit uranium mine in the world, the Rössing Mine operated by Rio Tinto in Namibia  Exploration potential of broader 6 km by 7 km Fraser Lakes target area considered exceptional, including resource expansion potential along strike and at depth at Zone B deposit
  • 20. 20  Drilling to date at Way Lake totals over 20,000m in 105 holes with over $10 million in previous exploration across six, near-surface target areas on the large property  The Hook Lake target area at north end of Way Lake property yielded high grade uranium grab samples of up to 48% U3O8 in massive pitchblende vein at surface; previous operators unable to definitively explain and locate the source  Geological and geochemical features at numerous target areas on the Way Lake Project show distinct similarities to high grade, basement-hosted deposits in Athabasca Basin such as Eagle Point, Millennium and Roughrider  Years of exploration have culminated in an extensive geological database for the project area; recommended future work programs include defining additional resources at Fraser Lakes Zone B uranium deposit as well as exploratory drilling on other high-potential targets throughout property  This acquisition adds a resource to the Company’s asset portfolio, bolsters Skyharbour's exposure to the east side of the Basin, and adds a project with robust exploration upside potential
  • 21. 21  Skyharbour owns a 60% interest in the Mann Lake Uranium Project strategically located on the east side of the Athabasca Basin 25 km SW of Cameco’s McArthur River Mine and 15 km NE and along strike of Cameco's Millennium uranium deposit  The property is adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners International Enexco (30%) and AREVA (17.5%), in which a 13,000m, 18- hole diamond drill program was recently completed  International Enexco announced on March 10, 2014 that a drill discovery had been made by operator Cameco consisting of 2.31% eU3O8 over 5.1m including 10.92% eU3O8 over 0.4m  Skyharbour’s Mann Lake Uranium Project has seen over $3 million of previous exploration including recent geophysics and two diamond drill programs totaling 5,400m carried out in 2006 and 2008  One drill hole contained anomalous uranium up to 73.6 ppm over a 1.5m interval where background uranium values are commonly between 1 and 5 ppm  The Mann Lake Uranium Project boasts highly prospective geology and geochemistry, and a robust discovery potential with additional work recommended on several untested targets
  • 22.  4,760 hectare 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 22  The North Patterson and RY Properties are strategically located approximately 27 km and 35 km respectively to the north of Fission’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  Skyharbour has acquired from Denison Mines a 100% interest in the Yurchison Lake Uranium Project comprised of 4 claims totaling 12,660 hectares located 70 km southeast of the McArthur River uranium mine  At Yurchison Lake Project, prospecting near old trenches returned significant uranium (0.09% to 0.30% U3O8) and molybdenum (2,500 ppm to 6,400 ppm) mineralization in outcrop and float samples  Two holes drilled beneath historic trenches returned highly anomalous molybdenum values of up to 3,750 ppm and anomalous uranium values of up to 240 ppm  Strong discovery potential for basement hosted uranium mineralization as well as base metal mineralization
  • 23.  Skyharbour has a portfolio of precious and base metal projects in the Red Lake district including a 24.5% interest in the Baird Gold Property and a 100% interest in the past producing South Bay copper-zinc mine  Goldcorp owns a 51% interest in the Baird Property where historical drilling in the 1980’s returned 172 g/t gold over 1.2 metres and more recent drilling in 2002 by Skyharbour returned 10 g/t gold over 1.0 metre  The past producing South Bay Mine, located on Skyharbour’s South Bay Project, produced approx. 1.6 million tons of 2.3% copper, 14.5% zinc and 3.5 oz/ton silver, and is a classic Archean Volcanic associated Massive Sulfide (VMS) deposit  Skyharbour has drill tested geophysical anomalies at South Bay and identified additional massive sulphide zones approximately 500 metres to the southwest of the former mine shaft 23  The general area of the discovery has all the characteristics of a base metal camp; typically a camp hosts a number of zinc-copper deposits with one or two larger deposits of 15 to 50 million tonnes and a range of much smaller deposits down to 0.5 million tonnes  The only significant deposit found to date is the South Bay Mine deposit and it is at the smaller end of the scale; this might suggest that larger deposits remain to be discovered.
  • 24. 24 Company Shares Outstanding Recent Share Price Market Cap Fission Uranium TSX-V: FCU 351.3 M $1.23 $432.1 M NexGen Energy TSX-V: NXE 170.4 M $0.31 $52.8 M Fission 3.0 TSX-V: FUU 154.1 M $0.10 $15.4 M Alpha Exploration TSX-V: AEX 26.2 M $0.38 $10.0 M Forum Uranium TSX-V: FDC 30.2 M $0.20 $6.0 M Azincourt Uranium TSX-V: AAZ 49.5 M $0.125 $6.2 M Aldrin Resources TSX-V: ALN 119.2 M $0.075 $8.9 M Skyharbour Resources TSX-V: SYH 56.9 M $0.09 $5.1 M *Prices as of May 29, 2014
  • 25.  Skyharbour is a preeminent uranium exploration company focused in the prolific Athabasca Basin of Saskatchewan, Canada which is one of the most favourable jurisdictions to work in globally  Holds interest in the largest land position (approx. 700,000 acres) strategically located in all directions around Fission Uranium’s Patterson Lake South (“PLS”) high grade uranium discovery as well as NexGen Energy’s recent discovery at Rook 1 on the southwestern flank of the Basin  Unique strategy to execute plan of making the next discovery in this region without substantial equity dilution to shareholders by forming a syndicate with 3 other companies (Western Athabasca Syndicate) to fund a $6 million exploration program over two years of which Skyharbour only has to pay for $1 million  Syndicate structure benefits Skyharbour with other value-add synergies including leveraging a combined geological team with over 200 years of experience in the Basin including Skyharbour’s own Head Geologist, Rick Kusmirski (over 40 years of experience in the Basin with Cameco and JNR Resources)  Skyharbour and the Syndicate are rapidly advancing flagship Preston Uranium Project using a similar refined exploratory methodology that led to the PLS and NexGen discoveries; inaugural drill program at Preston property recently completed  Skyharbour recently acquired 100% of the highly prospective Way Lake and Yurchison Lake Uranium Projects from Denison Mines totaling 103,552 hectares on the east side of the Basin  Way Lake property boasts shallow, NI 43-101 compliant inferred mineral resource totaling 6.96 million pounds U3O8 and 5.34 million pounds ThO2 at Fraser Lakes Zone B area, which is open along strike and at depth  Hook Lake target area at north end of Way Lake property yielded high grade uranium grab samples of up to 48% U3O8 in massive pitchblende vein exposed at surface; previous operators unable to definitively explain and locate the source  Skyharbour also holds 60% interest in Mann Lake Uranium Project SW of the McArthur River Mine and adjacent to ground where Cameco and International Enexco recently made a new high-grade uranium discovery; International Enexco is now being acquired by Denison  Skyharbour has multiple value-drivers including its Syndicate project and ongoing work program as well as its Way Lake, Yurchison Lake and Mann Lake projects on the east side of the Basin; the company will also benefit from a turnaround in the uranium market  Undervalued relative to its peer group and is a well structured company with 57 million shares outstanding of which insiders own over 20% 25
  • 26. 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 Richard Kusmirski, P.Geo., M.Sc. is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this presentation.