Fis pptx march pdac final
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Corporate presentation for Fission Energy Corp as delivered at PDAC 2012. Great overview of the need for nuclear energy as well as the importance of Canada's Athabasca Basin.

Corporate presentation for Fission Energy Corp as delivered at PDAC 2012. Great overview of the need for nuclear energy as well as the importance of Canada's Athabasca Basin.

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  • 1. Growing World Class DiscoveriesMarch, 2012 1
  • 2. Disclaimer The following information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. All historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been 2
  • 3. Corporate Summary Investment Highlights  Close to significant discoveries and deposits (Rio Tinto’s [formerly Hathor Exploration] Roughrider deposits and Denison’s Midwest deposits)  First rate projects in multiple uranium districts  Sufficient capital to fund exploration  Aggressive Programs designed to grow flagship High Grade Discovery and find additional mineralization  Strong Board and Management/Technical team  Strong Joint Venture Partner – Korean Consortium  Low value relative to 3
  • 4. Investment Summary Market Cap: C$78.01 million Analyst Coverage Avg Daily Value Traded: C$535,000 David Talbot – Dundee Securities, Toronto Ph: +1 (416) 350-3082 Cash: C$22.73 million (as at December 31, 2011) Rob Chang – Versant Partners, Toronto Ph: +1(416) 849-5008 Shares outstanding: 114.6 million Warrants: 15.9 million Paul Renken – VSA Capital, London Ph: +44 (0)203 005 5000 Options: 8.2 million Fully diluted: 138.7 million (Share Structure as at December 31, 2011) Management Team & Board: Institutional Ownership Dev Randhawa, MBA - Chairman, CEO, Director Sprott Asset Management 8.8% Ross McElroy, P.Geol. - President & COO, Middlefield Securities 3.2% Director Jody Dahrouge, P.Geol. - Director Frontstreet 1.7% Frank Estergaard, CA – Director Goodman 1.5% Executive Advisory Board: First Canadian 1.4% Ron Netolitzky, P.Geol. (Oct/2011) Michael 4
  • 5. Uranium Price - Spot & Long Term Uranium Prices: Spot and Long Term Japanese tsunami and Fukushima Power Plant Incident 03.11.2011 Majority of U3O8 sold on Long term contractsThe Ux Prices are copyrighted and owned by The Ux Consulting Company, LLC. It should be noted that any reference, use or pictorial display of Ux prices must be approved by UxC and must include the line: Source: The Ux Consulting Company, LLC and include a link back to UxCs home page at 5
  • 6. Uranium Sector Update World-Wide Nuclear Industry Power Requirements  2010 Requirements = 152M lbs  2010 Production (Mines) = 118M lbs  Shortfall supplied by secondary means of finite sources (i.e. reprocessing nuclear weapons)  By 2030 --- 15% of China’s power generation capacity will come from nuclear (1) Number of Nuclear Power Plants Globally  440 reactors world-wide pre Fukishima  430 reactors world-wide post Fukishima  64 reactors under construction world wide (15% increase) (1) Shi Lishan, Deputy director of the National Energy Administration’s new-energy and renewable energy department 06 Dec. 6
  • 7. Post-Fukushima Opportunities & ChallengesOPPORTUNITIES CHALLENGES  Continued Demand Growth in Long Term  Public Perception of Nuclear Safety  China & India plan atomic power  Germany to Phase out Nuclear Power by developments that will more than double global production…even after Fukushima 2022…  Saudi Arabia to construct 16 reactors  Germany represents 5% of world between now and 2030 demand today and 3.2% of forecast  Perceived as reliable supply of clean energy demand in 2020  United States approved construction of first 2 *5 Reactors restarted in Germany (Feb. 09, 2012) new reactors in 30 years (Bloomberg: Feb. 09, 2012) (Cold forces restart of switched off nuclear plants)  Canada and China reach agreement on uranium exports (Bloomberg: Feb. 09, 2012)  Risk of future incidents  Supply Shortfall  Japan, with the third largest capacity for  71% of uranium is supplied from only 4 nuclear power generation after the US and countries (Kazakhstan 33.2%, Canada 18.2%, Australia 11.2% and Namibia 8.4% ) France, remains susceptible to earthquakes  Political opposition in Australia to uranium production "My view is that nuclear is vital for the energy sector today and can be just as vital many years in the future. And thats why we dont want to see one nuclear power plant built, but we want to see a fleet…" Charles Hendry, British Energy Minister (July 2011) 7
  • 8. Fission Energy: World Class AssetsFission Energy (TSX-V:FIS)  Uranium exploration company focused on richest uranium belt in the world - the Athabasca Basin, Canada  Management team with proven track record in uranium exploration  Significant discovery of high grade uranium in Waterbury Lake Asset, Saskatchewan (SK)Main Asset: Waterbury Lake Discovery  Majority owned (60%) in JV with Korean Consortium through KEPCO  West continuation of Rio Tinto’s Roughrider deposits  Preliminary NI 43-101 resource Indicated – 7,367,000 lbs based on 168,000 tonnes averaging 1.99% Inferred – 1,511,000 lbs based on 150,000 tonnes averaging 0.46%Other Properties  Large High Grade boulder field discovered at Patterson Lake South, SK could lead to discovery  NI 43-101 inferred resource of 24.4m lbs U3O8 at Dieter Lake, Quebec with grade of 8
  • 9. Finding & Developing a World Class DiscoveryGRADE IS KING:Athabasca Basin is home to the richest uranium deposits in the world  World average = 0.2% U₃O₈ in sandstone deposits (i.e. 2000 ppm U)  Fission grades are > 10x world average  Fission’s property is in the heart of the uranium mining districtSASKATCHEWAN EXPLORATION AND MINING TRACK RECORD  +40 year history of High Grade unconformity discoveries & production  Major uranium mining companies, such as Cameco & Areva active  Infrastructure well developed: two mills within 10km and 4km from power, airport and provincial highway  Hathor Exploration bought out by Rio Tinto for C$654m at a value of C$11/lb  Major discoveries still being found – Fission’s J Zone 2010, Summit in 2011FUNDING  Strong JV Partner – Fission holds 60%, 40% held by JV Partner’s wholly owned subsidiary Korea Waterbury Uranium Limited 9
  • 10. Athabasca Basin – Eastern Deposit TrendAthabascaBasin Lowest political andpermitting risk 20%+ of Worlds Production Richest uranium deposits inthe world (0.2% vs >2%) SK has +40 yrs of U Mining Infrastructure Mills (capacity and close-by) 10
  • 11. Waterbury Lake Project – Summary WORLD CLASS NEIGHBOURS  The property is surrounded by the AREVA/Denison uranium property which holds 53m lbs. in two deposits  Rio Tinto also hold an adjacent claim containing 58m lbs in two deposits HISTORY  Fission and Korean Partner have spent approx $27m since 2008  Discovery made in January 2010, called the J Zone  Discovery hole: WAT10-063A - 10.5m @ 1.91% U3O8  Follow-up hole: WAT11-131 – 14.5m @ 7.84 % U3O8 ONGOING WORK PROGRAM  Winter 2010/11: 82 hole, 26,305m drill program completed successfully expanding the strike zone to 370m x 50m  Summer 2011: 21 hole, 7,731m drill program expanded J Zone by +200m  Winter 2012: $9.28 million, 88 hole, 32,630m drill program 11
  • 12. Waterbury Lake Project – In Good Company Waterbury Lake Project: Nearby Uranium Deposits . Rio Tinto . Fission Roughrider Roughrider East J Zone (2008) (2009) 27.8M lbs (2010) 30.1M lbs  Surrounded by Areva / larger players Denison Midwest A (Areva, Denison & Areva / (2005) Rio Tinto) Denison 10.1M lbs Josie  Numerous (2005) precedents of successfully delineated resources Areva/Denison Midwest (1978) 42.9M lbs Over 110M lbs U3O8 in multiple deposits within 4km of J-Zone • not including J 12
  • 13. Waterbury Lake Project – Geologic Context Midwest Pelitic Sequence - Hosts at Least 8 major Uranium 13
  • 14. Waterbury Lake Project – Discovery Bay Activity  Fission and Rio Tinto drilling taking place Fission J near the boundary of Zone their claims (Jan Drilling 2010). Rio Tinto  Continuity of all Roughrider deposits from Rio Drilling Tinto’s Far East to Fission’s Summit Zone is a string of pearls on a necklace.  All mineralized pods occur on the same structural and lithologic trend (i.e. they are all part of the same system and likely to all be part of the same mine plan) 14
  • 15. Waterbury Lake Project : J Zone Highlights Discovery Bay Corridor: Plan View Discovery Bay Corridor: Longitudinal Section Unconformity Fission Rio Tinto RTZ = $ 15
  • 16. Waterbury Lake Project – 2012 Winter Program Approved Budget: $9.28M Winter Program: Nov 01/11 to Apr 30/12 Drilling (83 holes, 32,630m)  49 holes @ J Zone  Step-out drilling to build resource Current drilling has identified 16 mineralized holes, expanding central J Zone and western extension 3 step-out and 1 infill hole intersected “off-scale” radioactivity  11 holes @ Summit  Step-out drilling to delineate a new area of interest and build a resource  23 holes testing other regional targets (Murphy, Oban, Chivas) Geophysics  Ground EM and Resistivity surveys on various regional areas of 16
  • 17. Waterbury Lake Project : J Zone Drill Update 17
  • 18. Properties 14 projects in AB, SK, QU andAthabasca Peru, including:Basin Dieter Lake Patterson Lake South, Sask High grade boulder field discovered Dieter Lake, Quebec NI 43-101 resource of 24.4m lbs @ 0.057% U₃O₈ Minor Bay, Sask- Duddridge Lake On a trend with the West Bear uranium deposit Macusani, Peru Near surface mineralization identified 18
  • 19. PLS 19
  • 20. Patterson Lake South  >5 km x 0.9 km high grade boulder field discovery, up to 39.6% U3O8  65% of boulders (48 of 74) assayed > 1% U₃O₈ with 25 assays >10% U₃O₈  Property encompasses eleven claims totaling 22,866 ha  Accessible by all weather Highway 955  $2.76M Winter Program approved 20
  • 21. Patterson Lake South 2011 SummerField WorkBoulder Sample #40 31.6% U308 21
  • 22. Dieter Lake, QUEBEC  46,729 ha located in north- central Quebec; accessible by air to all weather camp  43-101 Inferred Resource (July 17, 2007):  10.3 million lbs @ .159% (cut-off 0.1%) U₃O₈  24.4 million lbs @ .057% (cut-off 0.02%) U₃O₈  Historic Resource Estimates range from 20 – 110 million lbs. U3O8 (Sully 1989 – Energy Mines & Resources Canada)  Quebec is a “mining friendly” 22
  • 23. Macusani, PERU Strategic land package in center of an important new uranium district Nine mining concessions covering 51 km2 in important new uranium district Mineralized system in young volcanic rocks Mineralization as disseminated and fracture filling in autunite and secondary uranium 23
  • 24. Senior Management Management Team: Dev Randhawa – CEO Fission CEO since 2007; formerly CEO of Strathmore Minerals Corp and Pacific Asia Energy Ross McElroy – President & COO Professional Geologist with 25 years of exploration and mining experience. Formerly with BHP, Cameco and AREVA Canada Greg Downey – CFO CMA with 20 years Audit, Tax and Industry Experience Paul Charlish – VP Finance 23 years Finance experience including Public Practice Audit/Tax, and Public Companies David Ward – VP Corporate Development 22 years of senior management / strategic consulting experience Rich Matthews – Investor Relations Board Members: Dev Randhawa, MBA – Chairman Jody Dahrouge, P.Geol. Frank Estergaard, CA George Sanders Executive Advisory Ron Netolitzky Board: Mike 24
  • 25. Fission Energy Corp.NOTES: 25
  • 26. Fission Energy Corp.NOTES: 26
  • 27. Fission Energy Corp.NOTES: 27
  • 28. FISSION ENERGY CORP. Contact Info: Fission Energy Corp. Phone: 250-868-8140 Toll Free: 1-877-868-8140 Email: Web: Rich Matthews Investor Relations Phone: 604-355-7179 Email: rmatthews@fission-energy.comTSX.V: FISOTCQX: FSSIF