Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking...

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Sask Rocks 2009 Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009
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Transcript of Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking...

Page 1: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

Sask Rocks 2009

Red Rock Energy Inc. (TSX-V: RRK)May 9, 2009

Page 2: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

This presentation may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. Attendees are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

Attendees are further cautioned that the preparation of financial statements in accordance with generally accepted accounting principles requires management to make certain judgements and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.

Reader Advisory:

Page 3: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

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Location map Uranium City, SK

Athabasca Basin

Page 4: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

Land position at start of 2008

Lake Athabasca

Page 5: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

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Cinch Lake workings

Cinch Levels

Cinch Shaft

River Zone Drift

Cinch Ore Zones

Viewed from the South looking North-westerly

Page 6: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

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Cinch & Cenex workings

Viewed from the South looking North-westerly

Cinch workingsCenex & River Zoneworkings

Cenex ore zones

River Zone

Cenex workings

Page 7: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

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Fusion & River Zones new Drilling

Viewed from the South looking North-westerly

Cenex & River Zoneworkings

Fusion ZoneRRK drill holes

RRK drill indicateduraniferous zones

Uraniferous zones (MOF-1 &MOF-2)

Cinch workings

Page 8: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

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Fusion Zone – Closer look

Cross-section viewed from the Southwest looking North-easterlyViewed from the South looking North-

westerly

Uraniferous zones (MOF-1 &MOF-2)

RRK drill holes RRK drill holes

Uraniferous zones (MOF-1 &MOF-2)

Page 9: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

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Cenex– Closer look

Viewed from the Northwest looking South-easterlyViewed from the East looking Westerly

RRK drill holes

RRK drill indicated uraniferous zones

RRK drill indicated uraniferous zones

RRK drill holes

Page 10: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

Exploration program 2008- 2009

• Drilled total of 11,611.3 m in 42 holes from Feb. 4 to Nov. 26, 2008 - continuous,

• 9,490.1 m in 33 DDH in Fusion Zone, NI 43-101 underway on results, expect completion June 09

• 2,121.2 m in 7 DDH to test the eastern and down-plunge extension of River U zone at the former Cenex mine

• Fieldwork at the RB1, RB2 & RB3 claim blocks and field review of newly acquired ground

• Continued compilation of data into GIS format

Page 11: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

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Current Claim Status

RB1

RB2

RB3

RB4

Page 12: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

Current Claim Status • RRK initially held 10,762 ha in four claim

blocks (RB1 to RB4)

• Acquisition - 100% interest in 39,594 ha

• Option - 75% interest for U in another 25,539 ha

• Total 75,895 ha

Page 13: Red Rock Energy Inc. (TSX-V: RRK) May 9, 2009. This presentation may contain forward-looking information including expectations of future production,

• We are adding NI 43-101 compliant uranium resource to our historic Non 43-101 compliant resource of approx 2,000,000 lbs

• Expect to release two new NI 43-101 reports on different targets in June 2009

• Expanded our prospective land base in the same camp 7.5 times

• Cost of new u308 per pound based on internal estimates of new resource = $3.55/lbs

Conclusion: