AMERICAN URANIUM LTD — AGM Information 2009

Apr 8, 2009

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ANNUAL GENERAL MEETING OF SHAREHOLDERS

9[th] April 2009

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PROXY VOTING SUMMARY

64 valid proxies received, totalling 20,276,002 votes (scrutinised by Share Registry)

	For Chairman’s Discretion (For) Total For Against Not Stated	For Chairman’s Discretion (For) Total For Against Not Stated	For Chairman’s Discretion (For) Total For Against Not Stated	For Chairman’s Discretion (For) Total For Against Not Stated	For Chairman’s Discretion (For) Total For Against Not Stated	For Chairman’s Discretion (For) Total For Against Not Stated	For Chairman’s Discretion (For) Total For Against Not Stated
		For	Chairman’s Discretion (For)	Total For	Against	Not Stated
	Resolution 1	7,120,230	7,503,001	14,623,231	355,000	5,297,771
	Resolution 2	7,120,230	7,503,001	14,623,231	355,000	5,297,771

No invalid proxies received, no abstension votes

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COMPANY UPDATE: PRESENTATION TO SHAREHOLDERS FOLLOWING AGM ON 9[th] APRIL, 2009 AT 13 COLIN STREET, WEST PERTH

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Di sc a mer: l i GTI R esources Ltd ma k es no represen t a ti ons or warran t y ( express or i mp li e d) as t o th e accuracy, re li a bilit y or completeness of the information in this presentation. All parties acting on any information contained in the presentation do so at their own risk and should make their own enquiries as to the accuracy of such information. This presentation has been prepared by or under the supervision of Murray McDonald, Executive Chairman of GTI Resources Ltd, from published and website information.

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COMPANY DIRECTORY

Board of Directors

Mr Murray McDonald Mr Ian Cowden Mr Darren Crawte

Company Secretary Mr Darren Crawte

Executive Chairman Non‐Executive Director Non ‐ Executive Director

Stock Exchange

Australian Securities Exchange Limited Level 8, Exchange Plaza 2 The Esplanade Perth, Western Australia 6000

ASX Code: GTR

Reg si tered Office Level 1, 47– 49 Stirling Highway Nedlands, Western Australia 6009

Principal Office 13 Colin Street West Perth, Western Australia 6005

Auditor

Stantons International Level 1, 1 Havelock Street West Perth, Western Australia 6005

Website

www.gtiresources.com.au

Telephone: +61 8 9215 0400 Facsimile: +61 8 9321 3628

Share Registry

Advanced Share Registry Services Pty Ltd 150 Stirling Highway Nedlands , Western Australia 6009 Telephone: +61 8 9389 8033 Facsimile: +61 8 9389 7871

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BACKGROUND

• GTI listed on ASX 10 August 2007, fully underwritten $4 million raising

• ‐

• Global Financial Crisis (sub prime) began on Wall St on previous night of 9 August

• Experienced board, 2.5 million ounces of silver mined in Pilbara and most recent operator of Gidgee Gold Mine in Murchison (1.3 million ounces total gold production)

• Immediate response to economic downturn – sublease of office, only 50% of rent, outgoings and support staff to minimise overheads and preserve cash for projects

• Exploration programmes as set out in IPO commenced using highly experienced team of consulting geologists, emphasis on identifying near‐production potential in response to the changed economic climate rather than continuing grass‐roots exploration

• Recognition from early exploration that new opportunities were needed to move towards production and cashflow position – native title delays in WA a concern

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WHAT HAPPENED IN 2008?

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(GTI listing on 9 August, 2007)

As a result of prudent strategies adopted since listing, our cash position is better than many similar companies GTI ’ s focus has increasingly been towards identification of advanced opportunities with near‐term cash flow potential

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A large range of commodities and projects
have been reviewed during 2008. GTI has 2008
built an extensive contact network and
database targeting Indonesian opportunities
(mainly coal but including other minerals)
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WHY INDONESIA?

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• Major province for gold,

• coal, copper, nickel – world scale deposits • Little modern exploration

• • New Mining Law

• • Rapidly growing thermal

• coal mining industry • Closer to WA than Sydney,

• similar time zone • Excellent opportunities in

• current downturn

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current downturn
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WHY COAL?

• E ar y cas l h ow po fl t en ti a l

• Ready and expanding market (both export and local)

• Thermal coal price and volumes least affected by Global Financial Crisis

• Many small‐scale local operations have potential for +1mtpa production but

• need mining expertise, financing to grow

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INDONESIA NOW EXPORTS MORE COAL THAN AUSTRALIA
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WHICH REGION OF INDONESIA?

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KALIMANATAN

• Hi g h densit y of coal minin g activit y ,

• both major and emerging companies

• 4.5 billion tonnes of reported coal

• reserves, 37 billion tonnes of resources

• Over 95% of coal exported from

• Indonesia in 2006 was from Kalimantan • Established infrastructure of barging,

• j e tti es an d por t s

• Major river access precludes the

• need for extensive haul roads

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‐ Local scale open pit , South Kalimantan

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South Kalimantan Coal Mine

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‐ Typical local stockpile and truck loaded barge

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Coal transportation , Kalimantan

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PLANS FOR 2009

• Advance to Indonesian coal operation

• From successful cash flow, explore and develop additional opportunities in

• Indonesia (including coal, gold, nickel, iron & manganese)

• Control and monitor Company cash position

• Maintain and develo Indonesian and Sin a ore contacts in res ect of p g p p

• potential fund raising for target acquisition

• Maintain existing WA assets in good standing by exploration , based on results

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