August 2009




Complete Uranium Project
Capability
 Studies       Detailed Engineering Design          Implementation   Operations




     Acid Leach          H2SO4 Plants
     Alkaline Leach      Water Treatment Plants
     CCD/SX              Power Plants
     RIP                 Operations
Introduction

South African based E+PC Engineering & Projects Company Limited (E+PC) is a subsidiary of the
international project development and construction company AVENG (AFRICA) LTD.




E+PC serves the mining, chemical, petrochemical and energy industries providing
comprehensive project management, engineering design, technology sourcing, procurement
and construction management services for large scale multi-disciplinary projects.
E+PC is an ISO 9001:2008 accredited company which employs a broad range of skills within six
business divisions located across South Africa. E+PC’s Minerals & Industrial Division specialises
in Gold, Uranium, and Coal projects, amongst others.
Total Uranium Capability


Studies

Recent feasibility study work has been undertaken on a number of uranium projects within Southern
Africa :


       Langer Heinrich Uranium – Original BFS
       Kayelekera Uranium – BFS Flowsheet Review and Optimisation
       Langer Heinrich Uranium Stage 3 Expansion
       GoldFields Driefontein – PFS to Treat Historical Tailings
       GoldFields Driefontein – BFS to Treat Current Gold Plant Tailings



Implementation

For the detailed design and implementation phase, E+PC possesses the necessary capabilities to
undertake all aspects of a greenfields Uranium project including the different process options: -




       Acid to Alkaline
       Conventional to RIP
                                         Langer Heinrich Uranium            Kayelekera Uranium
                                                  Plant                            Plant
                                             Alkaline Leach                 Acid Leach
                                             CCD / SX                       RIP



In addition E+PC also has in-house design and construction capabilities in ancilliaries typical of a
greenfields Uranium project : -


       Sulphuric Acid Plants
       Water Treatment Plants
       Power Plants
                                          Kayelekera H2SO4 Plant           Trekkopje Desalination
                                                                                   Plant
                                               230tpd                        25ml / day
Recent Uranium Projects
Implemented


  Kayelekera
  PROJECT DETAILS
  EPCM Greenfields

  LOCATION
  Karonga District, Malawi

  VALUE
  $ 175M
                                      Scope
  DATE                                         Milling and preleach thickening
                                               Leaching – ambient temp, acid leach
  March 2007 – April 2009
                                               Resin-in Pulp - carousel
                                               Elution
  CLIENT                                       Direct precipitation (1st stage gypsum, 2nd stage U)
  Paladin Energy Ltd                           Drying
                                               Packaging
                                               Tailings thickening, neutralisation and deposition
                                               Water reticulation and reagent plants
                                               All associated infrastructure
                                               Sulphuric Acid Plant




 Langer Heinrich

 PROJECT DETAILS
 EPCM - Phase 2 Expansion

 LOCATION
 Swakopmund, Namibia

 VALUE
 R 454 Million
                                     Scope
                                              Modification of :
 DATE                                           o Crushing and Scrubbing circuit
 October 2007 - June 2009                       o Classification circuit
                                              Additional:
 CLIENT                                         o Pre-leach thickening
                                                o Leach tanks
 Langer Heinrich Uranium (Pty) Ltd
                                                o CCD thickeners
                                                o Ion-exchange columns.
                                              Expansion to:
                                                o Precipitation
                                                o Drying and packaging plants
Recent Water Treatment
Projects Implemented

Kleinkopje Desalination Plant


PROJECT DETAILS
Fidic EPC “Silver Book”                        Keyplan has developed a high recovery
                                               desalination process (HiPRO) which
LOCATION                                       significantly outperforms any comparable
Swakopmund , Namibia                           technology. What sets this process apart
                                               from other technologies is its ultra high
VALUE                                          water recovery.
R428 Million
                                               Most RO membrane process can achieve no
DATE
              rd                               more than 75 to 80% water recovery. To
Completion : 3 Quarter 2009
                                               improve on this, one normally uses an
CLIENT                                         evaporator/ crystallisers. The HiPRO process
Areva                                          eliminates the need for an evaporator
                                               which has a relatively high operating cost.




      The project is a world first with both positive environmental and economic spin-offs.
Plant Operating Experience
   Minerals Processing          Sulphuric Acid               Water Treatment



Crocodile River                                                 Emalahleni Water
Platinum                                                        Treatment Plant
Concentrator
                              Kayelekera Acid
                                                                PROJECT DETAILS
                              Plant                             LSTK with ongoing Operations
PROJECT DETAILS
                                                                and Maintenance
Operate and Maintain
                              PROJECT DETAILS                   LOCATION
LOCATION
                              EPCM with ongoing Operations      Witbank, South Africa
Brits , South Africa
                              LOCATION                          VALUE
VALUE
                              Kayelekera, Malawi                R 220 Million
US$ 15 Million
                              VALUE                             DATE (Construction)
DATE (Operations)
                              R 152m CAPEX on behalf of         March 2006 – September 2007
December 2000 – December
                              Paladin
2005
                                                                CLIENT
                              DATE (Construction)               AngloCoal/BHP Billiton
CLIENT
                              August 2007 – June 2009
Barplats ( Impala Platinum)
                              CLIENT
                              Paladin Resources
Operating Contract
          Methodologies


             E+PC has been operating metallurgical plants on an outsourcing basis since
             1991
             It has successfully completed in excess of 14 contracts
             Various different contracting methodologies can be applied:


                        o B+O (Build and Operate)
                        o BOO/T (Build, Own, Operate and Transfer)
                        o O+M (Operate and Maintain)




CAMELOT GOLD PROJECT

Project Details:     Gold                                                             CROCODILE RIVER CONCENTRATOR
                     Build, Own and
                     Operate                                                          Project Details:   PGE’s
                                                                                                         Operate and
Location:            Barberton, RSA                                                                      Maintain

Value:               R144 million                                                     Location:          Brits, RSA
                     US$ 31 million (1997)   SUMO COAL PROJECT
                                                                                      Value:             R105 million
Date:                June 1997 to            Project Details:    Coal                                    US$15 million
                     April 2005                                  Build, Operate and                      (2000)
                                                                 Maintain
                                                                                      Date:              December 2000 to
Client:              Eastern Transvaal
                                             Location:           Middelburg, RSA                         December 2005
            Consolidated Mines
                                                                                      Client:            Barplats
                                             Value:              R11.0 million                           (Impala Platinum)

                                             Date:               November 1996 to
                                                                 July 2005

                                             Client:             Sumo Collieries
Financial Incentives


E+PC can access various different incentives aimed at delivering studies and
projects in Africa and across the world.


      Incentives for Bankable Feasibility Studies


          o Funding available for up to 55% of the cost of the study.


     Incentives for the Implementation Phase.


          o Political Risk Cover (100% of the Loan Amount)
          o Commercial Risk Cover (85% of the Loan Amount)
          o Debt funding at 6 month Libor plus 2 ½ %
          o Foreign Exchange Risk Cover
          o Profit Make up Facility based on Libor plus 2 ½ %
Building 30, The Woodlands , Woodmead Drive , Sandton, South Africa | Phone: +27 (0)10 205 1000 | Fax: +27 (0)87 807 0143
                                   email@mark.berger@e-pc.co.za | www.e-pc.co.za

E+PC Uranium Capability Statement (Final)

  • 1.
    August 2009 Complete UraniumProject Capability Studies Detailed Engineering Design Implementation Operations  Acid Leach  H2SO4 Plants  Alkaline Leach  Water Treatment Plants  CCD/SX  Power Plants  RIP  Operations
  • 2.
    Introduction South African basedE+PC Engineering & Projects Company Limited (E+PC) is a subsidiary of the international project development and construction company AVENG (AFRICA) LTD. E+PC serves the mining, chemical, petrochemical and energy industries providing comprehensive project management, engineering design, technology sourcing, procurement and construction management services for large scale multi-disciplinary projects. E+PC is an ISO 9001:2008 accredited company which employs a broad range of skills within six business divisions located across South Africa. E+PC’s Minerals & Industrial Division specialises in Gold, Uranium, and Coal projects, amongst others.
  • 3.
    Total Uranium Capability Studies Recentfeasibility study work has been undertaken on a number of uranium projects within Southern Africa : Langer Heinrich Uranium – Original BFS Kayelekera Uranium – BFS Flowsheet Review and Optimisation Langer Heinrich Uranium Stage 3 Expansion GoldFields Driefontein – PFS to Treat Historical Tailings GoldFields Driefontein – BFS to Treat Current Gold Plant Tailings Implementation For the detailed design and implementation phase, E+PC possesses the necessary capabilities to undertake all aspects of a greenfields Uranium project including the different process options: - Acid to Alkaline Conventional to RIP Langer Heinrich Uranium Kayelekera Uranium Plant Plant  Alkaline Leach  Acid Leach  CCD / SX  RIP In addition E+PC also has in-house design and construction capabilities in ancilliaries typical of a greenfields Uranium project : - Sulphuric Acid Plants Water Treatment Plants Power Plants Kayelekera H2SO4 Plant Trekkopje Desalination Plant  230tpd  25ml / day
  • 4.
    Recent Uranium Projects Implemented Kayelekera PROJECT DETAILS EPCM Greenfields LOCATION Karonga District, Malawi VALUE $ 175M Scope DATE Milling and preleach thickening Leaching – ambient temp, acid leach March 2007 – April 2009 Resin-in Pulp - carousel Elution CLIENT Direct precipitation (1st stage gypsum, 2nd stage U) Paladin Energy Ltd Drying Packaging Tailings thickening, neutralisation and deposition Water reticulation and reagent plants All associated infrastructure Sulphuric Acid Plant Langer Heinrich PROJECT DETAILS EPCM - Phase 2 Expansion LOCATION Swakopmund, Namibia VALUE R 454 Million Scope Modification of : DATE o Crushing and Scrubbing circuit October 2007 - June 2009 o Classification circuit Additional: CLIENT o Pre-leach thickening o Leach tanks Langer Heinrich Uranium (Pty) Ltd o CCD thickeners o Ion-exchange columns. Expansion to: o Precipitation o Drying and packaging plants
  • 5.
    Recent Water Treatment ProjectsImplemented Kleinkopje Desalination Plant PROJECT DETAILS Fidic EPC “Silver Book” Keyplan has developed a high recovery desalination process (HiPRO) which LOCATION significantly outperforms any comparable Swakopmund , Namibia technology. What sets this process apart from other technologies is its ultra high VALUE water recovery. R428 Million Most RO membrane process can achieve no DATE rd more than 75 to 80% water recovery. To Completion : 3 Quarter 2009 improve on this, one normally uses an CLIENT evaporator/ crystallisers. The HiPRO process Areva eliminates the need for an evaporator which has a relatively high operating cost. The project is a world first with both positive environmental and economic spin-offs.
  • 6.
    Plant Operating Experience Minerals Processing Sulphuric Acid Water Treatment Crocodile River Emalahleni Water Platinum Treatment Plant Concentrator Kayelekera Acid PROJECT DETAILS Plant LSTK with ongoing Operations PROJECT DETAILS and Maintenance Operate and Maintain PROJECT DETAILS LOCATION LOCATION EPCM with ongoing Operations Witbank, South Africa Brits , South Africa LOCATION VALUE VALUE Kayelekera, Malawi R 220 Million US$ 15 Million VALUE DATE (Construction) DATE (Operations) R 152m CAPEX on behalf of March 2006 – September 2007 December 2000 – December Paladin 2005 CLIENT DATE (Construction) AngloCoal/BHP Billiton CLIENT August 2007 – June 2009 Barplats ( Impala Platinum) CLIENT Paladin Resources
  • 7.
    Operating Contract Methodologies E+PC has been operating metallurgical plants on an outsourcing basis since 1991 It has successfully completed in excess of 14 contracts Various different contracting methodologies can be applied: o B+O (Build and Operate) o BOO/T (Build, Own, Operate and Transfer) o O+M (Operate and Maintain) CAMELOT GOLD PROJECT Project Details: Gold CROCODILE RIVER CONCENTRATOR Build, Own and Operate Project Details: PGE’s Operate and Location: Barberton, RSA Maintain Value: R144 million Location: Brits, RSA US$ 31 million (1997) SUMO COAL PROJECT Value: R105 million Date: June 1997 to Project Details: Coal US$15 million April 2005 Build, Operate and (2000) Maintain Date: December 2000 to Client: Eastern Transvaal Location: Middelburg, RSA December 2005 Consolidated Mines Client: Barplats Value: R11.0 million (Impala Platinum) Date: November 1996 to July 2005 Client: Sumo Collieries
  • 8.
    Financial Incentives E+PC canaccess various different incentives aimed at delivering studies and projects in Africa and across the world.  Incentives for Bankable Feasibility Studies o Funding available for up to 55% of the cost of the study.  Incentives for the Implementation Phase. o Political Risk Cover (100% of the Loan Amount) o Commercial Risk Cover (85% of the Loan Amount) o Debt funding at 6 month Libor plus 2 ½ % o Foreign Exchange Risk Cover o Profit Make up Facility based on Libor plus 2 ½ %
  • 9.
    Building 30, TheWoodlands , Woodmead Drive , Sandton, South Africa | Phone: +27 (0)10 205 1000 | Fax: +27 (0)87 807 0143 email@mark.berger@e-pc.co.za | www.e-pc.co.za