January 2007

MetakaolinMetakaolin for Concrete and Cement Applications: for Concrete and Cement Applications: Whitemud Resources Inc's Whitemud Resources Inc's GollierGollier Creek, Creek,

Saskatchewan ProjectSaskatchewan Project

Lynn KelleyLynn Kelleylkelley@whitemudresources.comlkelley@whitemudresources.com

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Roadmap• Background & Product• Project Milestones• Geology and Resources• Virtual Tour

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Corporate Vision

• To become North America’s leading supplier of metakaolin (WhitemudMK) to the cement industry:

• Metakaolin is a highly reactive supplementary cementing material (“SCM”)

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What is Metakaolin?

Kaolin

• White-coloured clay• kaolinite, dickite,

halloysite, etc.

• Al2Si2O5(OH)4

• Principal uses:

• Filler and coating for paper

• Paint, plastics, ceramics, refractory, rubber

Metakaolin (WhitemudMK)

• Anhydrous, amorphous aluminosilicate

• Becomes chemically reactive• Principal use:

• Highly reactive SCM (Supplementary Cementing Material)

• Recognized as SCM by CSA and ASTM

Heated To650 to 800ºC

• Metakaolin is a pozzolanic SCM created from kaolin clay and used to produce high performance concrete:

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Cement and Concrete Basics

may include SCMs such as Fly ash, Slag or Metakaolin

Portland CementLimestoneSilicaIron oxideAlumina

Concrete

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Advantages of WhitemudMK in Concrete

• Increases compressive and flexural strength

• Ability to lower costs for concrete producers:

• Optimize mixes to reduce total cementitious inputs

• Reduces permeability, increases durability

• Shortens concrete set time

• Lowers CO2 signature of concrete

• Improves architectural properties

• Lighter colour

• Reduces efflorescence

• Significantly mitigates alkali-silica reaction

Concrete TestsRapid Chloride Permeability (Cement, Silica Fume, WhitemudMK)

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500

1000

1500

2000

2500

3000

3500

4000

28 Days (Coulombs)

Cha

rge

Pass

ing

(Cou

lom

bs)

100% Cement

92% Cement, 8% Silica Fume

87% Cement, 13% Whitemud MK

Incr

easi

ng P

erm

eabi

lity

Concrete TestsStrength Comparison (Cement, Silica Fume, WhitemudMK)

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7 Days 14 Days 28 Days

Age of Strength Test

Com

pres

sive

Str

engt

h (M

Pa)

100% Cement

92% Cement, 8% Silica Fume

87% Cement, 13% Whitemud MK

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2006 & 2007 Project Milestones• Raised $12.8 million privately in 2006

• Verified WhitemudMK performance through third-party product testing

• Received and evaluated third-party marketing studies

• Successfully pilot tested process equipment

• Obtained environmental approval

• Received expressions of interest for purchase of up to 200,000 tonnes per year of metakaolin

• Site construction commenced October 2006

• Completed NI 43-101 independent technical report (Scott Wilson RPA Inc.)

• Successfully raised gross proceeds of $54.2 Million in Initial Public Offering on February 28, 2007

• Listed on TSX.V as WMK

• Expanded mineral land base (28,240 acres)

• Conducted successful exploration and ore delineation drilling programs (68 holes, 2218 m)

• Ore extraction began 16 Nov ~ 25,000 t stockpiled

• At Dec 1 2007, plant construction >90% complete, on budget and on schedule for Q1 2008 production

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Gollier Creek ResourcesLocation Mass Category

Gollier Creek global 96.4MMt Indicated

West Pit 52.9 MMt Measured

North Pit 13.2 MMt Measured

East Pit 8.0MMt Measured

Gollier Creek ReservesWest Pit 52.9 MMt Proven

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Production Rate:175,000 t MK2x in yr 32x in yr 7

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Whitemud ResourcesPotential Markets

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