Uranium exploration in the Canadian "Saudi Arabia"
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INDUSTRIAL METALS, MINERALS AND MINEABLE ENERGYINVESTMENT SUMMIT 2010
LONDON CHAMBER OF COMMERCE & INDUSTRY ● WEDNESDAY, 30 NOV 2010www.ObjectiveCapitalConferences.com
Uranium exploration in the Canadian "Saudi Arabia" Peter Dasler – CEO, CanAlaska Uranium
3TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Disclaimer
This slide show presentation contains certain "Forward-LookingStatements" within the meaning of Section 21E of the United StatesSecurities Exchange Act of 1934, as amended. All statements, other thanstatements of historical fact, included herein are forward-lookingstatements that involve various risks and uncertainties. There can be noassurance that such statements will prove to be accurate, and actualresults and future events could differ materially from those anticipated insuch statements. Important factors that could cause actual results to differmaterially from the Company's expectations are disclosed in theCompany's documents filed from time to time with the British ColumbiaSecurities Commission and the United States Securities & ExchangeCommission
4TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Highlights
Possesses one of the largest Uranium exploration portfolios in the Athabasca Basin - 10,000+ sq km of property
21 exploration projects, located near proven deposits
$75 million spent on detailing and preparing targets
Significant completed exploration with positive results• Six exploration seasons of intense target definition• Joint Venture funding totalling $42 million on 5 out of 21
projects
Strong First Nations involvement
Proven Management team• Head of exploration co-discovered Cigar Lake and
managed Cogema (Areva) operations• Experienced Uranium crews .. up to 100 active in field
2005-10
5TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Share Structure
Share Price CDN$ 0.09
Shares Outstanding 171,916,213(Note 10:1 Share
consolidation 8/11/10)
Shares Fully Diluted 215,482,184
Market Capitalization CDN$ 15.5 million
Cash Position CDN$ 6.0 million
6TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Team
Peter Dasler, M.Sc. P.Geo, President and CEO, over 35 years of experience in exploration geology, including 20 years of consulting for junior and senior companies.
Mr. Ram Ramachandran, C.A., CFO, over 25 years of financial reporting experience in a multitude of capacities.
Mr. Emil Fung, M.B.A., VP - Corporate Development , has raised over $50 million for CanAlaska by forming exploration ventures with international strategic partners from Japan, Korea, U.K. and China.
Dr. Karl Schimann, PhD., P. Geo., VP - Exploration, 20 years with COGEMA, on discovery team for first giant uranium deposit at Cigar Lake
Mr. Grant Nimeck, B.Sc., P.Geoph., Regional Operations Manager , 20 years operational and geophysical experience in the Athabasca region
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7TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Board of Directors
Peter Dasler
Victor Fern
Emil Fung
Fmr. U.S. Ambassador Thomas Graham
Hubert Marleau
Jean Luc Roy
Board of Advisors
Daniel Faure
Nana Lampton
Board Members
8TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Partnerships
9TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Partnerships
Mitsubishi Corporation: Joint Venture co-funding 5 year Plan; provides basis for multiple discoveries
Korean Uranium Consortium: $19 million of Korean funding (December 2007)
MOU for Extensive Chinese Funding: 100,000 metres of drilling planned for Poplar Project (August 2009)
Mega uranium Ltd.: $2.3 of $8 million of exploration funding – Poplar Project (December 2007)
Yellowcake Plc: $1.8 million of $5 million of exploration – Grease River Project (April 2007)
First Nations: Exploration on Reserve Lands. 1,000,000 lbs U3O8 (December 2006), New discovery and 40 metres @ 0.32% U3O8 (September 2009)
Westcan Uranium: $2 million of exploration funding – Key Lake Project and $2 million of exploration funding – Cree West Project (March 2006). $4million of funding Grease River (August 2010)
Kodiak Exploration: $6 million of exploration funding – McTavish Project (August 2009)
10TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Properties Location
CanAlaska’s Uranium projects in the Athabasca Basin
11TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Why Explore Athabasca?
The Athabasca Basin hosts the world’s richest uranium mines
Supplier of 20% of world’s uranium
Unique geology, stable jurisdiction
High grades assures extremely profitablemining operations and weather all economic cycles
Rich history: Athabasca mines were profitable throughout the 1980-2001 “Nuclear Winter”
12TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Athabasca’s Uranium
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Athabasca Uranium
Current Price (spot) $51.52This is 7.5 X the 2001 price!
Uranium Price: Staying up to meet demand
Long term price will reflect cost of production from average deposit
Athabasca deposits are strategic and profitable due to ultra high grades
14TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
What Does a Uranium Deposit Look Like? Areva’s “Sue”
Deposit
ORE ZONE20 metre fault
Clay Zone
The uranium zones are small and rich, but the have a large alteration halo
DISCOVERY PROCESS:
Airborne Survey’s finds the halo Multiple holes drilled across the target find the narrow mineralized fault zones
15TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
“The Model”
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Projects
Athabasca BasinArnold Fond Du Lac McTavish
Black Lake Grease River Misty
Camsell Helmer Moon
Carswell Hodgson NE Wollaston
Cree East Kasmere Poplar
Cree West Key Lake Waterbury
Collins Bay West McArthur
17TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
West McArthur Project
Surveys are discovering new targets near rich uranium mines
During February and March 2010, Mitsubishi and CanAlaska completed a 6,071 m drill campaign into the alteration systems associated with these targets. Drilling continues in 2011
Multiple large targets are located across the project
Strong history of rich deposits: 2003 – 436.5 million lbs. U3O8 (167,897
tonnes uranium) with an average grade of 24.7% U3O8 at nearby McArthur Mine
These deposits are orders-of-magnitude larger and richer than most other uranium deposits world-wide
18TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Cree East Project
During February and March 2010, CanAlaska drilled 14 further holes into the alteration systems associated with these targets
Multiple targets proved positive first drill results
Drilling continued throughout Summer 2010Twenty four holes/ 9,000 metres
We have had 2 drills operating at Cree East, concentrating on Zones A, G and H
We have “closed in” on the targets of interest. Drilling will resume in January 2011
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Cree East Project
20TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Cree East Project
Scale of known mines transposed to exploration targets at Cree East
This is a large area with potential for manyproductive targets
ZONE G
21TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Fond Du Lac Project
CanAlaska’s drilling is discovering NEW uranium zonesFond du Lac Deposit
A partnership with a local community
Hole FLC 01740.2 metres @ 0.32% U3O8
22TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
2010 Drilling Program
January-May 2011 five drill projects
45 planned drill holes by May 2011
Minimum Nov-April expenditure of $7.5 Mil. on 4 projects ($2.3 Mil. net CVV)
2011 Budget est $10-15 Mil.
Further potential partners reviewing projects
2011 Drilling is Spread Over Five ProjectsWith Winter and Summer Programs
Drilling 2011
23TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Other Projects
Fond du Lac: covers the area of the Fond du Lac Denesuline First Nation territory, located on the eastern end of Lake Athabasca. The project area is contiguous with CanAlaska's Poplar and Helmer projects, and contains an identified one million pound (historical non-compliant) uranium resource. New 43-101 completed for filing
NE Wollaston: straddles the border of northeast Saskatchewan and northwest Manitoba, 70 km north of Reindeer Lake. Multiple hi-grade uranium surface boulders. Permits issued for drilling
Grease River: 15 claims, located 50 km north west of the community of Black Lake. Large uranium target in granite ready for drilling by partner
Hodgson: 7 contiguous claims totaling 30,262 ha is located in the east central part of the Athabasca basin 27 km northwest of the McArthur River mine and 21 km west of the Cigar Lake deposit
24TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Other Projects
Moon: 2 mineral claims covering 4,280 ha lying approximately midway between the McArthur River and Key Lake mines. The claim block is approximately 8 km east-southeast of the Millenium uranium deposit and due west of the newly-discovered Phoenix Zone on Denison’s Wheeler River project
Poplar: located on eastern arm of Lake Athabasca to the southeast of Uranium City contiguous with CanAlaska's Athabasca, Helmer and Fond Du Lac Projects. CanAlaska Uranium has a memorandum of understanding for the exploration of the Poplar project with East Resources Inc., China
Waterbury: 3 separate groups of claims located 12 km east from the Cigar Lake Deposit and 10 km south of the Midwest mine
Collins Bay Extension: Strategic project located on Rabbit Lake fault zone. New target defined east of operating mines. Seismic surveys completed summer 2010
25TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Other Projects
Kasmere: adjacent to NE Wollaston Project providing the Company with contiguous property holdings along the entire length of the prospective Wollaston Belt in Manitoba
Key Lake: 3 separate, relatively small claim blocks, one 10 km ENE of the Key Lake Mine and the other two overlying basement rocks respectively 8 km SW and 12 km W of the Key Lake
Lake Athabasca: large project covers a section of Lake Athabasca southwest of the formerly producing Uranium City area, where former mine production was some 65 million pounds U3O8. The property includes both the lake and islands
Helmer: located on the southern shore of Lake Athabasca, 12 km west of Fond du Lac on the central northern edge of the Athabasca basin
26TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Other Projects
Alberta: 20 km x 90 km block comprising of 13 contiguous permits totaling 97,147 ha covering most of the Alberta portion of Lake Athabasca
Arnold: contiguous block of 5 mineral claims totaling 24,285 ha located 30 km west of the McArthur River mine and 30 to 50 km north of the south rim of the Athabasca basin
Black Lake : located on the northern rim of the Athabasca Basin in Saskatchewan and covers 40,845 ha. The Black Lake project is the result of an Agreement with the Black Lake First Nation. Project host old producing uranium mine
Cluff Lake : a very large land position surrounding and on the west side of the Cluff Lake Dome, just north of the new uranium deposits at Shea Creek. Airborne surveys completed and 43-101 compilation report complete
27TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Future Growth
Aggressive Exploration through:• Airborne EM• Drilling• Sediments/Seismic• Ground Resistivity
Focus in 2011 is drilling on our targets• Est. min 25,000 metres
Partnerships with 16 of our Projects• JV funding totals $42
Million on 5 of 21 projects
28TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Summary
One of the largest landholders in the world’s most attractive uranium camp.
Rivals the holdings of Cameco and Areva - COMBINED
Proven exploration team supporting Management
Head of exploration co-discovered Cigar Lake.. and Managed Cogema (Areva) Operations
Experienced uranium crews of up to 100 active in field in 2005-2010
Significant exploration already completed with positive results
Sponsorship by Mitsubishi Development Pty. Ltd./Korean Consortium
6 seasons of intense target definition…. $75 million expended
Joint Venture funding totals $42 Million, (on 5 of 21 projects)
Strong First Nations involvement
29TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
AND NOW THE OTHER SIDE OF THE MARKET FOR URANIUM SUPPLY…..
MANUFACTURING AND GDP GROWTH
The Athabasca uranium deposits are located in a favourable and stable regimewhere long-term supply of product is assured. This then backs the guarantee of modern reactor “build and supply” contracts, and strongly supports, and enhancesthe value, of the bids by the manufacturers of nuclear reactors.
The manufacture and supply of nuclear power plants will be a major contributor to future economic growth in supply nations…..
30TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
THERE IS GROWTH IN THE DEMAND FOR NUCLEAR REACTORSAND THIS MEANS STRONG MANUFACTURING DEMAND FOR PLANT BUILDERS
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COMPARITIVE MANUFACTURING VALUATION
2 Reactors with maintenanceAnd with fuel US $20 Billion…
France, Russia, (USA?)
without fuel… Say <<<? BillionKorea, Japan, China
} X 100!!
US $200 Million
This is the same as…Boeing 787
OR
Countries building reactors will maintain a strong manufacturing base. Manufacturers with uranium supply will have larger profits, and have a bigger advantage in the market
32TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Properties Location
CanAlaska’s Uranium projects in the Athabasca Basin of Canada provide long term uranium supply options
33TSXV: CVV OTCBB: CVVUF Frankfurt: DH73/11/10
Contacts
CanAlaska Uranium Ltd.Contact: Emil FungV.P. Corporate Development+1.604.688.3211 ext [email protected]
CHF Investor RelationsRobin CookSenior Account Manager(T) 416 868 1079Email: [email protected] www.chfir.com