Lakeland Resources Inc. (TSXv: LK) Corporate Presentation (June 2013)

JUNE 2013 / TSXv: LK / FSE: 6LL / lakelandresources.com / @LakelandRes!

TSXv:LK / FSE: 6LL / lakelandresources.com / @LakelandRes!
Disclaimer:
This
Presenta,on
has
been
prepared
by
Lakeland
Resources
Inc.
(“Lakeland”)
using

its
best
efforts
to
realis,cally
and
factually
present
the
informa,on
contained.
However,

subjec,ve
opinion,
dependence
upon
factors
outside
Lakeland’s
control
and
outside
informa,on

sources
unavoidably
dictate
that
Lakeland
cannot
warrant
the
informa,on
contained
to
be

exhaus,ve,
complete
or
sufficient.
In
addi,on,
many
factors
can
affect
the
Presenta,on
which

could
significantly
alter
the
results
intended
by
Lakeland,
rendering
the
Presenta,on

unaKainable
or
substan,ally
altered.
Therefore,
interested
Users
should
conduct
their
own

assessment
and
consult
with
their
own
professional
advisors
prior
to
making
any
investment

decisions.

This
Presenta,on
does
not
cons,tute
a
prospectus
or
public
offering
for
financing,
and
no

guarantees
are
made
or
implied
with
regard
to
the
success
of
Lakeland’s
proposed
ventures.

Interested
investors
are
advised
to
seek
advice
from
their
investment
advisors.

Technical
informa,on
has
been
prepared
in
accordance
with
the
Canadian
regulatory

requirements
set
out
in
Na,onal
Instrument
43-‐101
and
reviewed
on
behalf
of
the
Company
by

Neil
McCallum
P.Geo.,
a
Qualified
Person.

2!

TSXv:LK / FSE: 6LL / lakelandresources.com / @LakelandRes! 3!
Lakeland
Resources
Inc.
is

a
newly
formed
pure
play

uranium
explora,on

company
focused
on
the

Athabasca
Basin
in

Saskatchewan,
Canada.

About
Lakeland

Investment
Highlights

Strong
Fundamental
Outlook
for
Uranium
Prices

•  Global
demand
for
electricity
is
set
to
grow
70%+
by
2030

•  434
reactors
in
opera,on;
544
new
reactors
under
construc,on,
planned
or
proposed

•  Supply/demand
imbalance
unavoidable
post
2013-‐14

Experienced
Advisors
and
Team

•  Extensive
experience
in
uranium
explora,on
&
resource
finance

Favourable
Share
Structure

•  Excellent
leverage
to
explora,on
success
with
only
22
M
shares
outstanding

Secured
Significant
PorBolio
of
Uranium
ExploraCon
ProperCes

•  South
Pine/Riou
Lake/Otherside
Proper,es
ini,al
priority
focus
for
drilling

•  Total
poreolio
of
nine
projects
encompassing
100,000+
hectares

•  All
projects
benefit
from
substan,al
historic
explora,on
data
and
expenditures

•  All
projects
have
the
geologic
characteris,cs
amenable
to
a
major
uranium
discovery

4!

Geological
Consultants

Dahrouge
Geological
ConsulCng
Ltd.

•  Ac,ve
in
the
Athabasca
Basin
since
early
2000

•  Uranium
explora,on
team
led
by
Jody
Dahrouge,
B.Sc.

P.Geol.
and
Neil
McCallum,
B.Sc.
P.Geol.

•  Experience
with
uranium
discoveries
at
Waterbury
Lake

and
PaKerson
Lake
South
amongst
other
proper,es

•  Excellent
network
of
prospectors,
geophysical
consultants

and
explora,on
support
contractors

Current
Advisory
Board
Members

Mr.
Richard
Kusmirski,
M.Sc.,
P.Geo

Experienced
Uranium
Geoscien2st

Mr.
Richard
Kusmirski
has
over
40
years
of
explora,on
experience
in
North
America
and
overseas,
and
has

ac,vely
par,cipated
in
the
discovery
of
a
number
of
uranium,
gold
and
base
metal
deposits.
For
several

years,
in
his
capacity
as
Explora,on
Manager,
he
directed
Cameco
Corpora,on’s
(TSX:
CCO)
uranium

explora,on
projects
in
the
Athabasca
Basin.
In
1999,
Rick
joined
JNR
Resources
Inc.
becoming
Vice

President
of
Explora,on
in
2000.
Subsequently,
he
directed
the
explora,on
program
that
led
to
the

discovery
of
the
Maverick
Zone
on
the
Moore
Lake
uranium
joint
venture
in
the
Athabasca
Basin
with

partner
KennecoK
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.

Mr.
Thomas
Drolet
B.Eng.,
M.Sc.,
DIC

Nuclear
Energy
and
Uranium
Industry
Specialist

Mr.
Thomas
Drolet
is
a
uranium
and
nuclear
industry
specialist
and
principal
of
energy
consultancy
Drolet
&

Associates
Energy
Services
Inc.
Mr.
Drolet
has
had
a
40+
year
career
in
the
energy
sector,
where
he
spent
26

years
with
Ontario
Hydro
in
various
engineering,
research
and
opera,ons
func,ons.
He
formed
and
headed

Canada's
Research
and
Development
program
into
Fusion
(CFFTP)
in
1982
and
then
moved
into

Interna,onal
Commercial
work
with
Ontario
Hydro
Interna,onal,
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
Opportuni,es,
Inc.
where
he
was
involved
in
mergers,
acquisi,ons
and
other
consul,ng

ac,vi,es
in
the
Canadian
and
US
power
sectors.
Mr.
Drolet
earned
a
Bachelor's
Degree
in
chemical

engineering
from
Royal
Military
College
of
Canada,
a
Master's
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.

Corporate
Structure

Shares
Outstanding:

22.1
million

Op,ons
($0.11):

1.4
million

Fully
Diluted:

23.5
million

Major
Shareholders

Management,
founders
and
insiders:
22%

Zimtu
Capital
Corp.:
20%

Cash:
~$300k

Current
Management
Team
&
Board:

Jonathan
Armes
-‐
President,
CEO
&
Director

Alex
Falconer,
C.A.
-‐
CFO
&
Director

Garry
Clark,
P.Geo
-‐
Director

Ryan
Fletcher,
B.A.
-‐
Director

David
Hodge
-‐
Director

(as
at
June
2013)

Why
Uranium?

Electricity
demand
to
grow
76%

by
2030.
The
number
of
nuclear

reactors
is
rising
to
meet
it

 434
reactors
are
in
opera,on

world-‐wide

 544
new
reactors

(318
proposed,
159
planned,67

under
construc,on)

 China,
Russia,
India
and
USA

are
primary
drivers

8!

World
Nuclear
Capacity

9!
There
are
currently
67
reactors
under
construc,on
world-‐wide
–
newbuild
levels
not
seen
since
the

1970s
–
of
which
13
have
had
ﬁrst
concrete
poured
since
Fukushima

Source:
World
Nuclear
Associa,on

Uranium:
Supply/Demand
Dynamics
Unbalanced

A
supply
shortage
is
unavoidable
post
2013-‐14:

• 
Primary
supply
will
have
to
increase
by
~
90Mlb
U3O8/year
to
meet
demand
requirements
by

2020
(in
8
years)

• 
In
previous
8-‐year
period
(2003
–
2011),
produc,on
increased
by
48Mlb,
but
Kazakhstan

accounted
for
42Mlb
(going
forward
there
is
not
another
Kazatomprom
to
contribute
such
growth)

Source:
Paladin
Energy
Ltd.

Uranium:
Pricing

One
of
the
Best
Commodity
Price
Outlooks

(1)
Consensus
Forecast:
Argonaut
July
2012

Key
Commodity
Price
Performance
(3
Year
Horizon)

Catalysts
2013

Three
Key
Catalysts:

 Increased
Chinese
buying
with

approvals
now
resumed
(29
reactors

currently
under
construc,on,
2

restarts)

 Restart
of
Japanese
reactors

 End
of
Russian
HEU
Agreement

(end-‐2013)

Athabasca
Basin

The
World’s
Leading
Uranium
Province.
Why?

1. Grades:
in
excess
of
20%
uranium

(compared
to
the
global
average
of
0.14%)

2. Infrastructure

3. Poli,cally
stable
environment
for
investment

Post
Fukushima:
Rio
Tinto
Spent
$654M
to
get

into
the
Basin

Recent
M&A
Ac,vity
in
the
Basin

A
Flurry,
Post-‐Fukushima:

JAN
2012
Rio
Tinto
Acquires
Hathor

APR
2012
Fission
Acquires
Pitchstone

NOV
2012
Denison
Acquires
JNR

Nexgen
Acquires
Mega
Uranium’s
Basin
Assets

APR
2013
Denison
Acquires
Fission
Assets

(Waterbury,
etc.)

Athabasca
Basin
Uranium

Our
Explora,on
Strategy

LocaCon

  Saskatchewan
is
a
favorable
mining
jurisdic,on

  Projects
at
or
near
shallow
basin
margins
(0
to
400-‐m
depth)

Geology

  Athabasca
Basin
unconformity
deposits
are
the
highest

grade
deposits
worldwide

  Deposits
associated
with
altera,on,
conductors,
and

radioac,vity;
ozen
in
structurally
complex
environments

ExploraCon

  Shallow
targets
with
low(er)
drilling
and
explora,on
costs

  Projects
are
selected
based
on
a
review
of
historic
explora,on

  Geophysics

•  Electromagne,cs,
IP/Resis,vity,
Magne,cs,
Radiometrics,
and

Gravity

  Geochemistry

•  Arsenic,
Boron,
Nickel,
Radon
etc.

•  Uranium

  Altera,on
Mineralogy

Athabasca
Basin
Uranium

PROJECT
PORTFOLIO

Northern
Athabasca
Basin

•  South
Pine

•  Riou
Lake

•  Otherside

•  Circle
Lake

Northeast
Athabasca
Basin

•  Perch

•  Hawkrock

•  Small
Lake

Eastern
Athabasca
Basin

•  Jasper

•  Richmond

All
projects
100%-‐owned

Ownership:
100%
Lakeland

Total
Property
Package
Size:
45,285
hectares

• Property
package
spans
~80km
between
Fond
du
Lac
and

Stony
Rapids
–
excellent
infrastructure,
easy
to
explore

• Benefits
from
$3M+
of
archived
explora,on
(airborne

gravity/MEGATEM,
etc.)
completed
by
UEX
Corp.
since

2005
-‐
iden2fied
targets
that
remain
to
be
tested

• Mul,ple
targets
(South
Pine,
Gibbon’s
Creek,
Otherside)

iden,fied
benefit
from
shallow
depths
to
unconformity
-‐

lower
costs
and
higher
success
rates
for
explora2on,

beIer
economics
for
discoveries

Focus:
North
Basin
Proper,es

South
Pine,
Riou
Lake
and
Otherside

Poten,al
of
Area

Demonstrated
by:

Uracan/UEX
Corp.
Black
Lake
Project:

• UEX
Corp.
recently
(Jan
2013)
op,oned
60%

to
Uracan
for
C$10.0
million
in
explora,on

over
10
years

• DDH
BL-‐018:
0.69%
U3O8
over
4.4
metres,

including
1.96%
U3O8
over
0.50
m

UEX
Corp.
Riou
Lake
Project:

• Radioac,ve
boulders
in
glacial
,ll
on
the

property
with
up
to
11.3%
uranium;
source

s,ll
to
be
iden,ﬁed

Targets

South
Pine
Target

• 
17
historic
drill
holes

-‐DDH
PC81-‐2:
0.15%
U3O8
over
0.13
m

-‐Several
anomalous
intersects

• 
2.5
kilometre
long
conductor

• 
Shallow:
70
metres
to
unconformity

• 
Easy
access
along
winter
highway

• 
Not
followed
up
since
discovery
in
1981

Gibbon’s
Creek
Target

• At
least
23
historic
drill
holes
in
region:

-‐DDH
GC-‐15:
0.18%
U3O8
over
0.13
m

-‐Several
anomalous
intersects

-‐Very
strong
altera,on
in
sandstone
and
basement

• Easy
access
near
winter
highway

• Shallow:
100
metres
to
unconformity

• Nearby
conductor
is
untested

Otherside
Target

• Priority
Airborne
EM
(MegaTEM)
anomaly

• Shallow:
es,mated
150
metres
to
unconformity

Perch
Lake
Property

• Straddles
the
northeastern
edge
of

the
Athabasca
Basin

• 4
kilometre
long
basement

conduc,ve
trend
iden,ﬁed
by
a

2007
VTEM
survey

• Unexplained
uranium
radiometric

anomaly,
iden,ﬁed
by
a
2010

regional
Geological
Survey
of
Canada

survey,
lies
directly
on
the
northern

por,on
of
the
conduc,ve
trend
and

is
priority
for
immediate
follow-‐up

• Prospec,ng,
mapping,
and
sampling

proposed

2013
Timeline

Airborne
geophysics
(Re-‐interpreta,ons)

All
proper,es

July
2013

Fieldwork
(Radon
surveys,
prospec,ng,
sampling)

South
Pine/Riou
Lake/Otherside/Perch

Q3
2013

Ground
geophysics
(IP
resis,vity)

South
Pine

Q4
2013

Explora,on
drilling

South
Pine/Riou
Lake/Otherside

Q1
2014

The
company
will
also
con2nue
to
review
and
generate
opportuni2es
for
acquisi2on/staking
and
poten2al
subsequent
joint
venture.

Key
Market
Comparables

Athabasca
Basin
Uranium
Explorers

Company

Shares
Outstanding
Recent
Trading
Price
Market
Cap.

Fission
Uranium
Corp.
(TSXv:
FCU)
149.5
M

$0.71

$106
M

Alpha
Minerals
Inc.
(TSXv:
AMW)
22.6
M

$4.05

$91
M

NexGen
Energy
Ltd.
(TSXv:
NXE)
86.8
M

$0.275

$23
M

Forum
Uranium
Corp.
(TSXv:
FDC)
19.0
M

$0.39

$7.4
M

Azincourt
Resources
Inc.
(TSXv:
AAZ)
14.1
M

$0.33

$4.6
M

Lakeland
Resources
Inc.
(TSXv:
LK)
22.1
M

$0.10

$2.2
M

*As
at
June
2013

A
well-‐posi,oned
Athabasca
uranium
explorer

with
key
success
factors
in
place.

  Team
with
technical
and
capital
markets
strength

  Building
solid
asset
base,
large
scale
presence
in
the
Basin

  Low
shares
outstanding
with
high
insider
ownership

  Well-‐planned
and
aggressive
explora,on
program
for
2013/14

  Startup
valua,on

Strong
interest
and
market
fundamentals
for
uranium

26!
Make
Contact

Lakeland
Resources
Inc.

Phone:
604.681.1568

Toll
Free:
1.877.377.6222

Email:
info@lakelandresources.com

Web:
www.lakelandresources.com

Roger
Leschuk,
Corporate
Communica,ons

Phone:
604.681.1568

Email:
roger@lakelandresources.com


Lakeland Resources Inc. (TSXv: LK) Corporate Presentation (June 2013)

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Lakeland Resources Inc. (TSXv: LK) Corporate Presentation (June 2013)