Title: Certain statements and information may be included in this presentation which constitute forward-looking statements, including, without limitation, regarding proposed future exploration activity, future acquisitions, future plans and objectives,
1(No Transcript)
2FORWARD-LOOKING STATEMENTS
Certain statements and information may be
included in this presentation which constitute
forward-looking statements, including, without
limitation, regarding proposed future exploration
activity, future acquisitions, future plans and
objectives, expectations regarding rare earth
element and uranium grades and prices, estimates
of production, operating expenditure, capital
expenditure and projections regarding the
completion of capital projects as well as the
financial position of Kirrin Resources
Inc. These forward-looking statements involve
risk and uncertainties and there can be no
assurance that such statements will prove to be
accurate actual results and future events could
differ materially from those expressed or implied
by such forward-looking statements. Except as
required by applicable securities legislation,
Kirrin undertakes no obligation to publicly
update or revise forward-looking statements,
whether as a result of new information, future
events or otherwise.
3WHY KIRRIN RESOURCES? (TSX-V KYM)
- REE prices stable to rising. Uranium price at
44/lb is close to four year low, with - forecast average 70/lb in 2009-2011
- REE supply has new China problem availability
outside China becoming both - scarce and more expensive. Uranium supply
deficit forecast from 2013 growth - in demand forecast at 4.4 per year despite
economic downturn - Kirrin operating three projects in NL with
expansion focus on Quebec - Kirrins technical group has 100 years of
relevant experience and the strong - corporate team is familiar with tough markets
- Strategy apply technical and corporate
expertise to high-grading of property portfolio, - creating shareholder value by asset
realisation - Low GA burn optimizes available dollar spend
on exploration - source Raymond James, March 2009 source
Canaccord, January 2009
4NUCLEAR POWER GENERATION U SUPPLY GROWTH
5NUCLEAR POWER GENERATION U SUPPLY GROWTH
6ONE YEAR OBJECTIVES (TSX-V KYM)
- Position Kirrin through exploration and
expansion in property portfolio to benefit - from current investor interest in REE
opportunities and forecast price rally in - uranium market
- Complete financings for 2009 - 2010 exploration
programs - Complete assessment of new anomalies on Lost
Pond REE project - Advance drill programs on Boxey Point and Lost
Pond projects - Pursue corporate development opportunities
- Extend investor relations campaign to introduce
investment community to Kirrin -
7 CORPORATE DATA (TSX-V KYM)
- Stock Symbol / Exchange
- Stock price 52-Week Range
- Shares outstanding
- 3 month average daily trading volume
- Head office
- KYM / TSX Venture
- 0.20 0.01
- 12.4 million basic 17.4 million fully diluted
- 50,000 shares
- Calgary, Canada
Reflects 1 for 10 share consolidation May 1,
2009
8CORPORATE TEAM (TSX-V KYM)
- Bryan Benitz (Chairman)
- Mr Benitz is a specialist in corporate finance
and development. He enjoys an international
reputation for identifying growth opportunities
in junior companies and has an enviable track
record of success. - Derek Moran (Director and CEO)
- Mr Morans career in natural resources commenced
in 1977 and now includes extensive management and
international corporate finance and development
experience. He qualified as a chartered
accountant while with KPMG. - Peter Farkas (Director, CFO and Company
Secretary) - Mr Farkas, a finance executive and lawyer,
provides practical financial, strategic planning,
legal and other senior management advice to his
clients. He was previously a senior corporate
partner with Howard Mackie (now BLG) of Calgary.
9NON-EXECUTIVE DIRECTORS (TSX-V KYM)
- Jack Perraton
- Mr Perraton is Senior Partner of Perraton
Law of Calgary and a member of the - University of Calgary Board of Governors.
He was Chancellor of the University - between 1998-2002. Mr Perraton has forty
years of experience in natural - resource transactions in Canada and is a
director and audit committee member - of several listed companies.
- Henry Tondowski
- Mr Tondowski is an independent investment banker.
He had a long banking career in London,
culminating as Director of Industrial Bank of
Japan International. He advises a private natural
resources fund in Switzerland and
conducts venture capital projects in Africa. He
is a director and audit committee member of
several companies.
10SENIOR TECHNICAL ADVISORS (TSX-V KYM)
Dr Reg Olson Dr Olson is and
independent consultant with clients ranging from
major to junior mineral exploration and
mining companies, private investors and
government agencies, Dr Olson has worked
throughout Canada and the USA on all types of
uranium deposits. He is a Former Senior
Advisor, Mineral Resources at the Alberta
Energy and Utilities Board/Alberta Geological
Survey and was awarded a Ph.D. in
Economic Geology by UBC in 1977. Tom
Carpenter Mr Carpenter is an independent
consultant with 35 years world-wide exploration
experience across a broad range of
minerals. He is a Professional Geoscientist
with the APEG of British Columbia. Mr
Carpenter assists Kirrin with programme design
and planning field collection of data
design and implementation of quality control
and quality assurance procedures supervision
of programmes and compilation,
interpretation and reporting of results.
11REGIONAL MAP
12KIRRINS URANIUM PROJECTS
- Lost Pond REE and uranium project western
Newfoundland earning 50 - interest with expenditures of 2.6 million and
300,000 shares - Alexis River REE and uranium project
southeastern Labrador - earning 60 - interest with expenditures of 1.25 million
and 250,000 shares - Boxey Point uranium project southern
Newfoundland - earning 60 interest with - expenditures of 1.0 million and 200,000
shares - Intensive review of additional projects in NL
and Quebec is underway - Kirrin is current on its earn-in commitments
and its obligatory exploration - expenditures in 2009 lt 10,000
Reflects 1 for 10 share consolidation May 1,
2009
13LOST POND REE AND URANIUM PROPERTY
14LOST POND URANIUM AND REE PROPERTY
Early exploration success (a) 1,650 m
drilling in 13 holes around first REE anomaly
intersected 4.47 Total Rare Earth Oxides over
5.64m with /tonne value US1,500 Early
exploration success (b) 3,100m drilling in 20
holes resulted in high uranium assay of 0.04
U3O8 across 20.1m including 0.6 over 3m.
Uranium zone is 200m wide with best assay
0.75 over 0.5m and remains open to depth
Best percentage TREO 15 being evaluated
Uranium mineralization target style is variably
characterized as cataclastite hosted,
fracture control, and unconformity related
Future program assessment of 5 further known REE
anomalies in underway step out drilling to
expand current U2 uranium zone commences
November and drilling on new REE targets in
Spring 2010
15LOST POND CATACLASTIC URANIUM ZONE
16ALEXIS RIVER REE AND URANIUM PROPERTY
17ALEXIS RIVER REE AND URANIUM PROPERTY
- 2008 drill program uranium high assay 0.754
U3O8 across 0.20m from 58.90m - to 59.10m core length
- Assays disclose cerium, lanthanum and neodymium
REE - 2007/2008 lake sediment analysis at Anomaly
Lake shows high 2,370 ppm uranium - and average 520 ppm uranium (0.085 wt. U3O8)
from 106 samples - Airborne survey defines strongly positive,
broad anomaly immediately east of Anomaly
Lake - Anomaly Lake sediment tested 926 ppm, the
highest recorded by GSC in 18,640 samples in
NL. Equivalent to 0.1 uranium in lake sediment.
- Future program follow-up prospecting and
geochemistry to better define REE - prospectivity and Anomaly Lake alteration zone
and elevated lake sediment uranium - anomaly
-
18BOXEY POINT URANIUM PROPERTY
19BOXEY POINT URANIUM PROPERTY
- 738 ppm uranium and 1,498 ppm uranium (0.09 and
0.18 wt. U3O8) results - from soil and rock sampling
- Extensive 2008 field program completed and
geochemical results indicate - anomalous uranium trends in soils extending up
to 1.4 km from the radioactive - zone along the west shore of Boxey Point
promontory - Property is 900 ha. in southern Newfoundland
largely underlain by rocks of the Great
Bay LEau Formation - Future program drill test of radioactive zone
and geochemical uranium anomalies - commences in October 2009
20CLOSING SUMMARY (TSX-V KYM)
- Strong REE and uranium fundamentals
- Kirrin is a new player in the sector quickly
established and operating three - exploration projects in Newfoundland and
Labrador - Strong technical and corporate teams focused on
rapid growth combining - project acquisition, corporate activity and
exploration - Strategy apply technical and corporate
expertise to high-grading property - portfolio, creating shareholder value by asset
realisation - Operating strategy for todays market
emphasizing low GA burn and - efficient use of financing on exploration
- Attractive capital structure
- Management has financed 17 equity participation
21CONTACT INFORMATION (TSX-V KYM)
- CHF Investor Relations - Canada
- Robin Cook
1 416 868 1079 X228 -
robin_at_chfir.com - Investment Connections - Europe
- Floriane Meyer
41 76 581 4521 -
info_at_investmentconnections.
com - Derek J Moran, CEO
27 82 440 3426 -
derek.moran_at_kirrinresources
.com - Kirrin Resources Inc 1 403
205 4996 -
info_at_kirrinresources.com -
www.kirrinresources.com
22Thank you