1. Looking for low cost uranium production
by In-situ Recovery (ISR) in Chubut Province Patagonia Argentina
Corporate Presentation
August 2014 1

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Disclaimer

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Presentation outline
4-7
UrAmerica Ltd.
Overview
8-17
Chubut Project
18-20
Uranium: present & future
Investment Opportunity
21-25

4. 4
Board of Directors
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Omar Adra – Founder, Executive Director & CEO - Entrepreneur with over 20 years experience in business. Strong networks in the public and private sectors.
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Damien Hackett – Chairman - Former Vice Chairman – Mining Advisory in Corporate Broking at Canaccord Genuity. Previously Head of Research (UK) & Global Co-Head of Mining at Canaccord Genuity Limited and Global Head of Metals and Mining Research at Credit Suisse. A graduate of the Australian National University in Australia with experience in project evaluation from Canadian mining consultants Watts Griffis and McOuat, in the iron ore industry at Mining Area “C” now one of BHP Billiton's key operations in Australia and then in Saudi Arabia with the Directorate General of Mineral Resources.
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Neil Herbert – Non-Executive Director - Former CFO of Uramin (bought by AREVA in 2007 for US $2.5B), former Co-Chairman & Managing Director of Polo Resources, an investment group who sold its 9% holding of Extract Resources to Itochu.
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Ian Stalker – Non-Executive Director - Former CEO of Uramin, Niger Uranium, Berkeley Resources, Brazilian Gold Corp. Currently Chairman and Director of Azincourt Uranium. Successfully managed eight mining projects worldwide through feasibility studies, development and construction phases.
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Hernan Celorrio – Non-Executive Director - Former President of Barrick Gold’s subsidiary in Argentina for 10 years. Opened the Veladero Mine, biggest gold producer in Argentina. Attorney at law specialized in mining, natural resources & foreign investment. Strong institutional & political relationships.
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Edgardo Lucas – VP Corporate Development

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UrAmerica at a glance
GOALS ACHIEVED
Renown Board of Directors -Founder & CEO, argentinean entrepreneur, with presence in the project on a monthly basis. -Experienced board of directors with substantial uranium track record.
Dynamic & Lean Local Management Team
-Professional in-house & on-site geological teams.
-In-house RC drilling crew and drill rig.
Strategic JVs and alliances
-Consolidated the largest uranium- prospective land position within the San Jorge Basin, which includes licenses adjacent to National Atomic Energy Commission’s (CNEA) Cerro Solo Deposit.

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US$10M investment from Cameco
Strategic land position Consolidation and Initial Exploration
Fast track 24,000 m drilled in 18 months with low costs
NI 43-101 resource inferred 19.1M lbs eU3O8 @ avg 310ppm eU3O8
Metallurgical test work & PEA in progress
2011
2012-2013
2013
2014
Milestones to date
2007-2010

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Development & Fundrising 2014-2015
Fundrising estimation to Pre-Production
Drilling & Resource Upgrade. Up to 2.000m DD
Preliminary Economic Assesment (PEA)
Pre-Feasibilty Study (PFS) and Bankable Feasibility Study (BFS) before plant & wellfield development
US$ 2M
US$ 1M
US$ 3M
US$ 5-10M
Use of proceeds
Development: RC Drilling & field exploration, Hydrological, Leach testing, Environmental impact assessment, permitting , etc.
Current Funds
Plant design & construction
BANKABLE LOAN

8. 
Exploration permits located 350km SW of Chubut’s capital city, in San Jorge Basin
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Easily accessed by national road #25
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Operations in an extensive plateau, with some hills. The average height is 800m
UrAmerica in Chubut - San Jorge Basin
San Jorge Basin
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San Jorge Basin contains Jurassic and Cretaceous continental sediments, hosting important oil, gas, uranium, silver and copper deposits over an area of 180,000km2 with existing U occurrences
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* Owned & JVs

9. Perfect Mining Environment
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Minimal environmental impact.
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Mining activity is supported by local community.
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Easy access and operations using existing roads.
Province of Chubut
Argentina
Australia
Canada
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10. Initial Permits 10

11. *
Consolidated Land Position
 In-house Land Management team with vast experience.
 Play locally with internal and re-known mining legal advice.
Full copy of mining files at UrAmerica´s HQ for follow up and facilitate due diligences. 11
* Owned & JVs

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NI43-101 Resource Report (Sept 17th 2013)
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UrAmerica have drilled over 24,000 meters in 18 months, which provided data for a Mineral Resource Estimate totaling 27.9 million tonnes with an average grade of 310 ppm eU3O8 for a contained 19.1M lbs of eU3O8 using a cut- off grade of 200 ppm.

13. Achieved Short Term Objective
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2011 Goal: 15M lbs U3O8 in a 27,000 m drilling program planned.
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19.1M lbs eU3O8 with an avg grade of 310 ppm eU3O8 discovered by 2013 as result of an intensive drill program.
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Mineral Resources based on a cut- off grade of 200ppm U3O8.
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24,000 meters drilled in 18 months.
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Metallurgical test work in progress
Graphic log for mineralised layers P1 and P2 at Plateau West, in this intersection within a package of sandstones and silty sandstone. Grades by assay on the left and by probe on the right. 13

14. Mid Term Objective – 100M lbs U3O8
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Target Ganso: Borehole RC_12_0130: 3 intervals of significant uranium mineralization, the best interval being 7 metres grading 668 ppm U3O8 from a depth of 131.5 metres. This borehole is one of the best of the project to date and ‘step- out’ drilling is planned to test the area around it.
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Target Contreras-shallow mineralisation- 4kmx4.5km: only 6 holes drilled. An extensive organic rich layer within lacustrine sediments is exposed at surface or under thin (1 to 20 metres) cover, over a large area. The best intersection was 2.6 metres grading 225 ppm eU3O8 from 6.5 metres depth. Grab samples from the mineralised layer typically range 200-800 ppm molybdenum. 14

15. Overview of the project base
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UrAmerica strengthen its operational costs by negotiating good contracts with suppliers. Acquired in-house Track- mounted RC Drill Rig. Low cost profile to progress to our Mid Term objective.
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The Company has in-house accommodation and technical offices in Paso de Indios.
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Our Warehouse is right next to the main road and permitted to store the RC samples. The WH has enough capacity to keep growing on a modular basis. 15

16. Corporate Responsibility - RSE
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UrAmerica has integrated itself as a member of the local community.
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Acquires as many supplies/services in Paso de Indios as possible.
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Supports activities in local schools.
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Provide training and employment opportunities in an array of professions for the local people.
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UrAmerica upholds the highest environmental, safety and hygiene standards, in compliance with Provincial laws and regulations. 16
School
Police office
City Hall
Hospital

17. In-situ Recovery – 48% of Global Production
In-situ Recovery is a low cost method of uranium extraction,
with minimal enviromental impact
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Bicarbonate and Oxygen based solutions pumped into wells.
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Solutions liberates uranium from sandstones and is pumped to the surface.
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No movements of rocks, dust nor tailings.
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Low cost and low enviromental impact.
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Remediation is low cost.
Source: World Nuclear Association 17

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Uranium: The supply crunch
2013 Demand to equal 143M lbs U3O8 – Current output 121M lbs*

19. Uranium: Present and Future
Nuclear power generation today 19

20. Dependence on foreign uranium by the World´s largest electricity consumers:
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US consumes 50M pounds per year but only produces 4M.
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China consumes 19M pounds per year, forecasted to grow to 73M by 2030, but only produces 3M per year. 20
Uranium: Present and Future
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Argentina consumes 0.7M pounds per year but all the uranium is imported, there´s no local production.

21. Advantages of producing in Argentina
Captive Domestic Demand
 3 nuclear reactors in operation.
 Total yearly estimated consumption: 265tU (almost 700,000 lbs U3O8)*
 The 4th and 5th reactors will be biding during 2014.
 No domestic production since 1995. U3O8 being imported by CNEA.
→ CNEA reprocesses the U3O8 into UO2 pellets to fuel reactors.
→ 100% of the uranium needed is being imported.
→ Argentina carries out almost all the steps in the fuel cycle.
→ Finding additional domestic uranium resources is critical to the future development of Argentina nuclear industry ambitions.
→ Argentina has a strong energy deficit.
*Source: Uranium 2011: Resources, Production and Demand – NEA/IAEA
Just with the initial discovery of 19.1M lbs U3O8, UrAmerica is ready to supply the local market needs for almost 30 years. 21

22. Advantages of producing in Argentina 22
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The national electric matrix has a high dependence on fossil fuels, basically oil, gas & coal.
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Nuclear resource will increase substantially during the next 20 years.
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Energy sources such as gas, oil and coal tend to be reduced drastically.
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Energy policies are having today an important role in the economy debate since Argentina has lost self- sufficiency related to energy.
Electric Matrix scenario 2010-2030
Electric Matrix Today
Source Energy Renewable Group: IRESUD-INTI- AVINA-FCD-FDL-FVS-AAEE-CADER

23. 
Cameco, one of the world’s largest uranium producer, invested US$ 10M for 19.9% equity interest in UrAmerica Ltd in October 2011 (US$ 50M valuation with no resources at that time).
 Extensive geological and legal due diligence carried out by recognized Law firms.
 Joint Technical Committee followed up the use of proceeds progress aligned with the program and budget.
 Unique Strategic Alliance allowed UrAmerica to maintain its upside potential.
 Cameco has recognized the efficiencies and use of proceed s carried out by UrAmerica.
 In October 2013, UrAmerica and Cameco dissolved their Strategic Alliance by mutual consent as Cameco changed its global exploration strategy.
 Patagonia Resources Ltd. acquired Cameco´s share position in UrAmerica, strengthening its position and commitment in the company and the development of our successfully JV.
Cameco Investment &
Strategic Alliance 23

24. Successful Fast Track Discovery
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2014
2015
2016
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Drilling
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Field Exploration
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NI 43-101 Resource Definition
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PEA
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Feasibility Study
Plant Construction
Production
From Exploration to Production 24

25. Investment Opportunity
 We invested and discovered uranium with a low profile. As a private company, we didn´t do it in the speculative junior traditional way.
 Initial 19.1M lbs eU3O8 inferred resource discovered costs were 12 times less compared to benchmark.
 There is a perfect environment to explore and produce with infrastructure and roads already built by the National and Provincial Government, compared with other uranium producer countries.
 ISR metallurgical test work in progress. Production becomes profitable and brings us funding to continue developing exploration and give dividends for shareholders.
 Pre-estimation investment to develop pre-production is between US$ 5-10M.
 The ISR plant construction could be funded by bankable loan. 25

26. Argentina Recent News
August 30, 2013 YPF-Chevron agreement. Neuquen Goverment approved the grant of YPF Loma Campana up to 2048, entering effective agreement with Chevron. Inmediate payment of US$300M to pay 50% of the work already done in areas of YPF.
April 6, 2014. In August last year YPF and Chevron signed an investment agreement to develop an area of Vaca Muerta. Now they're about to seal the second part of that agreement, with investments totaling U.S. $ 15,000 million over 35 years. The country has some of the world's largest reserves in shale oil and gas. YPF materialized a successful international placement in ON for $ 500 M, with more than a hundred international investors who bid on a total of about US$2B, four times more tan expected.
October 30, 2013. The very high mark “A2” which received the Bond for Infrastructure Development in Chubut (Bodic 1) with respect to other provinces was formally presented by the Governor, Martín Buzzi who said that it generates " great expectations " regarding its placement in the markets. 26
April 25, 2014. Mohammed meets Argentine President. UAE, Argentina sign MoC on peaceful use of nuclear energy. Sheikh Mohammed bin Rashid Al Maktoum described Argentina as a country that is rich in natural resources. He found a sincere desire for building strong and multi-faceted bridges with UAE, in mutual investment and exchanging visits in particular.
May 29, 2014. Argentine Government signed an agreement with the Paris Club which includes U$S 9.700 millon repayments in five years period. “By reaching this agreement, export credit agencies are now open for business in Argentina, which could be good news for European exporters and investors”
August 20, 2014. President Cristina Fernández de Kirchner’s government wants to service the country’s debt in Argentina or allow bondholders to swap their bonds for new ones governed by national law in order to get around a US court order. The opposition rejects this proposal and claims for a conclusive and definitive solution.

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www.uramerica.co.uk
Argentina shows an incoming booming opportunity in natural resources & energy in an under-developed sector compared to other countries in Latin America