FCU Community relations tour 2016

1 FissionUranium.com

Patterson Lake South (PLS)

Exploration Project

of the Year

Community Engagement – November 2016

TSX: FCU OTCQX: FCUUF

Disclaimer

The following information may contain forward-looking statements. Forward-looking

statements address future events and conditions and therefore involve inherent risks

and uncertainties. Actual results may differ materially from those currently anticipated

in such statements.

All historical resource estimates were completed prior to the implementation of NI 43-

101 and the Company has not done the work necessary to verify the classification of

the resource or reserve, they should not be relied upon or considered a defined

resource according to NI 43-101; Except for those properties where NI 43-101 have

been completed.

The technical information in this corporate presentation has been prepared in

accordance with the Canadian regulatory requirements set out in National Instrument

43- 101 and reviewed on behalf of the company by Ross McElroy, P.Geol. President and

COO for Fission Uranium Corp., a qualified person.

2


Certain of the technical information contained herein is derived from the September 15,2015 report entitled “Technical Report on the Preliminary Economic Assessment of the

Patterson Lake South Property, Northern Saskatchewan, Canada” (the “PEA”) – a copy of which is filed on the Company’s profile on SEDAR at www.sedar.com. Readers should

be aware that the PEA is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to

them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. The PEA considers the PLS

project as a stand-alone mine and mill operation, which includes development and extraction of the R00E and R780E zones (Triple R deposit) and that the PEA study is based on a number

of qualifications and assumptions including the following (all values in C$ unless otherwise noted):

Physicals:

• Three years of pre-production and 14 year mine life, processing nominally 1,000 tonnes per day (350,000 tonnes per year)

• Total Tonnes Processed: 4.8 million tonnes at 1.00% U3O8 average grade; open pit mining of 1.56 million tonnes at 2.21% U3O8

• Underground mining of 3.25 million tonnes at 0.42% U3O8

• Process recovery of 95%, supported by metallurgical testwork

• Production of 100.8 million lbs U3O8; an average of 13 million lbs U3O8 per year for 6 years, followed by an average of 3 million lbs U3O8 per year for 8 years

Revenue:

• Long term uranium price of US$65 / lb U3O8

• Exchange rate of 0.85 US$ / C$1.00

• Gross revenue of $7.71 billion, less Saskatchewan gross revenue royalties of $556 million

• Less product transportation charges of $34 million

• Net revenue of $7.12 billion

Operating Costs

• Average OPEX of $16.50/lb (US$14.02/lb) U3O8 over the life of mine

• Unit Operating Costs of $346 per tonne processed. Combined Mining $154 per tonne processed

• Processing: $114 per tonne processed

• Surface and G&A: $78 per tonne processed

• Operating cash flow of $5.45 billion

Capital Costs

• Pre-Production capital costs of $1.1 billion

• Open pit mining $363 million (includes dyke, slurry wall, and overburden removal)

• Process plant $198 million

• Infrastructure $117 million

• Indirects $209 million

• Contingency $208 million

• Sustaining capital costs of $189 million (includes completion of overburden stripping, all underground mine capital costs, and tailings dam lifts)

• Reclamation and closure cost of $50 million

• Cash flow from operations of $4.12 billion

3

Technical Information

http://www.sedar.com/


• Fission Uranium Corp. team: – Ross McElroy – President, COO, and Chief Geologist

– Rich Matthews – Head of Marketing and IR

– Ryan Froess – CanNorth Environmental Services

– Kara Wolfe – CanNorth Environmental Services

Contact Ross at: [email protected]

(250)868-8140

Contact Ryan at: [email protected] or

(306)652-4432

4

Introductions

mailto:[email protected]

mailto:[email protected]

TSX: FCU OTCQX: FCUUF 5

Impact of PLS on

Western Athabasca Basin


Athabasca Basin Land Holdings: Pre – Nov 2012

August 2012


Athabasca Basin Land Holdings: Post – Nov 2012


Exploration in the

Athabasca Basin Region

TSX-V: FCU OTCQX: FCUUF

Athabasca: The Premier High-Grade Uranium District

INFRASTRUCTURE PEOPLE

• Mills nearby Labour nearby • Power grid Workforce ready • Highways & air

URANIUM GRADES

More than 10X World average

9

+40 years of mining,

supplying 19% of the

world’s uranium


Athabasca Basin Deposits


Current Activity in the Western Athabasca Basin Fission’s success has created a new exploration boom

Company Budget/Program (aprox)

Fission Uranium Corp $18M

NexGen $29M

Purepoint: $.65M

UEX $2M

Forum/Uracan $1.5M

Makena $.25M

Brazil Resources/AREVA Geophysical Survey TDEM

ALX Uranium Geophysical Surveys – HeliSAM TEM, VTEM, MEGA TM, Gravity, 2-3 holes

TOTAL EXPLORATION 2016: Aprox $50 Million plus


Fission Uranium Corp.

PLS Project


PLS: Abundant Geophysical Targets


Triple R Deposit – Economic U3O8 Resources(1)

Indicated 81.1M lbs at 1.83% U3O8

Inferred 27.2M lbs at 1.57% U3O8

Early Days at PLS: Triple R Deposit & New Zones

“The length is now 2.63 km, well beyond that of even Cigar Lake (1.95 km) or McArthur

River (1.70 km) – such a lateral extent to us underlines the magnitude of the strength of

the mineralizing system at PLS.”

David Sadowski, Raymond James


PLS: Looking Ahead

15

Exploration Goals for 2016/2017

Expand New High-Grade Discoveries Follow up on exploration hotspots Expand Triple R Deposit Test gaps between zones Exploration drilling Geological Surveys Resource Estimate Update (2017)


PLS Core Storage Area


Fission’s Commitment:

Communities and Economy


Fission is committed to working with communities and local northern businesses in the region to maximize the training, employment, and economic opportunities for the local people.

• Goal: Build mutually respectful, beneficial, and long lasting economic relationships with stakeholders.

• We will continue to utilize (when possible) and encourage sub-contractors to maximize local northern businesses to supply goods and services for the PLS project.

18

Communities and Economy


• Hiring local workforce

• including Geotechnical,

tradesman and support

services

• Hiring local contractors

• individuals part of the local

hire program

• Locally provided accommodation

/ security / local knowledge /

logistics support

Economic Benefits – since 2012


Fission Teams Up With Communities

Local Community/Local Companies Hired by Fission for PLS Project - 2016

Fission

1 Full-time camp maintenance position

1 Part-time kitchen assistant

2 Part-time geotechnical positions

Big Bear

12 Camp services positions

4-8 Camp maintenance positions

6 Security

Bryson 4 Site Operator positions

MHS 2 Local Haulage and Expediting Service

Methy Construction

2 Truck Drivers

Contractors 4 Seasonal Line Cutting positions

CanNorth 2 Summer Aquatics Surveys


PLS: Big Bear Camp


PLS: Bigice Services PLS: Bryson Drilling

PLS: Northspan PLS: Winter Radon Crew


Good Corporate Citizen - Sponsorships


• Sponsor of Mining Rocks Earth Science Program held in August 2013

& 2014 (2015 cancelled due to fire hazard). Open to Aboriginal

youth ages 14-17. At Camp Quest located on Christopher Lake.

• Support local La Loche club volleyball teams with their efforts to

attend Provincial and National Championships in May 2014

• Sponsor of Ducharme Elementary School Grade 4 class trip to

Edmonton, 2015 & 2016.

• Sponsor of La Loche Fall Festival, 2016.

• Voices of Visions Sponsorship 2015-16

• First Nations Resource Magazine

Good Corporate Citizen - Sponsorships



Environment Stewardship and

Best Management Practices


Fission is committed to adhering to best management practices in environmental protection and stewardship throughout the life of the project.

• Goal: To work with First Nations, Métis, traditional land users, and others in the region to reduce and mitigate the environmental impacts of the PLS project.

• Fission follows “Mineral Exploration Guidelines For Saskatchewan” as developed by SMEGAC (Saskatchewan Mineral Exploration and Government Advisory Committee) including application and adherence to all Best Management Practices outlined in these Guidelines.

26

Environment Stewardship and Best Practices


All environmental studies are managed by CanNorth Environmental Services

• 100% First Nation owned by Lac La Ronge Indian Band

2013

• Aquatic – hydrology (water flow/amount), water chemistry, and fish community

• Land – rare plant surveys, breeding bird and raptor (eagles etc.) surveys

• Archaeology – heritage resource impact assessment – 4 areas

2014

• Weather station installed and hydrology monitoring

2015

• Weather station and hydrology monitoring

2016

• Aquatic – hydrology, fish community and chemistry, water chemistry/water quality, bathymetry of the lakes, number and types of bugs in lakes, aquatic plants

27

Environmental Studies completed – since 2013


Environmental Studies: Moving forward

28

Environmental Sampling Plan for 2017

• Surveys that will be completed in 2017 will include hydrology, water

sampling, sediment chemistry, and fish spawning surveys.

• These and additional environmental studies moving forward will be included

to complete an Environmental Assessment for the PLS project.

• The goal of these studies is to understand current conditions in the region

and minimize the current and future disturbance on the environment.

Environmental Studies – Proposed for 2017



Community Engagement


Fission is committed to establishing a strong foundation for future engagement and working with all stakeholders (First Nations, Métis, Tribal Councils, communities, municipalities, governments, and regulatory agencies) throughout Fission’s PLS project.

• Goal: to meet regularly with stakeholders and to keep them informed about the PLS project and licensing plans and decisions in the project moving forward.

• We believe that a diverse group of stakeholder groups are beneficial to the project and will provide all groups the means to address concerns in an reliable and open manner.

30

Community Engagement


• Engage openly, honestly, and respectfully with all

stakeholders and communities;

• Engage as early in the process as possible and continue

to keep informed;

• Give careful thought to cultural traditions and practices

and communicate information to stakeholders in their

preferred language where possible;

• Listen to all issues, concerns, and interests and

incorporate into project planning phase and design.

31

Fission’s Core Principles to Engagement


• Questions/Moving forward

– What is best way to consult/engage with your

community (meetings, factsheets, how often, etc.)

– What are your major questions and concerns?

– Are there any special areas/locations or

plants/animals that are of importance to your

community that should be studied?

– Do you have community consultation coordinator?

– Are there any community initiatives that Fission may

be able to assist with moving forward?

32

Community Feedback is Important!


Thank-you

Fission Uranium Corp.

Phone: 250.868.8140

Toll Free: 1.877.868.8140

Email: [email protected]

Web: www.fissionuranium.com

Rich Matthews, Investor Relations

Phone: 604.558.2020

Email: [email protected]

34

Date post:	16-Apr-2017
Category:	Investor Relations
Upload:	dev-randhawa
View:	9,596 times
Download:	1 times