ENCOUNTER RESOURCES LIMITED — Investor Presentation 2007

Jul 17, 2007

Uranium and Base Metals

ASX : ENR

Early Mover…Experienced Team…

Australian Uranium Exploration Expenditure

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120
ALP 3 Mines Policy • Australia has 40% of the
world’s uranium resources
100
•
20 year hiatus in activity
80
1980
Oobagooma
60
1972 ?
1978
Yeelirrie
Lake Way Mulga Rock 2005
Beverley 4 Mile
1971
40 Jabiluka 1975
Olympic Dam
Honeymoon Ben Lomond
Maureen
1970
1974
20 Ranger 2001
Manyingee
Nabarlek Prominent Hill
Bigrlyi 1973
1985
1969 Jabiluka 2
Kintyre
Beverley Angela
0
$ Million (2005 Dollars)
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Corporate Information

Founded: June 2004 ASX Listing: March 2006 Issued Capital: 69m Ordinary Shares 0.95m Employee Options Market Cap: $44m @$0.65/share Cash: $6.8m

People

Mr. Paul Chapman Mr. Will Robinson Mr. Peter Bewick Dr. Jon Hronsky Mr. Kevin Hart

(Chairman)

(Managing Director) (Exploration Director) (Non-Executive Director) (Company Secretary)

Project Portfolio Calcrete Uranium Yilgarn / Gascoyne Base Metals / Uranium Bangemall Basin

Project Portfolio

Calcrete Uranium Yilgarn / Gascoyne

• Target - 20 million pounds (10kt) at +300ppm U3O8

• Satellite discoveries around Yeelirrie/Lake Way

• Large scale drill targets

Yeelirrie / Lake Way Uranium Province

Yeelirrie / Lake Way Uranium Province

• Advanced projects

• Near surface deposits

• Infrastructure proximity

• Future production region

The Australian 12 July 2007

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Basin Margin
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Yeelirrie / Lake Way Uranium Province

1. Bellah Bore East

• Yeelirrie satellite discovery

• Close to infrastructure

Basin Margin

• Size - 500 x 200 metres

• Grades - 100 to 2111ppm U3O8

Yeelirrie / Lake Way Uranium Province

2. Lake Way Satellite

• New area of mineralisation

• 3km SE of Lake Way deposit

• Size – 1.2km x 200m

• Grades – 100 to 210ppm U3O8

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Basin Margin
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Yeelirrie / Lake Way Uranium Province

3. Centipede Extension

• Extension to Nova Energy resource

• • Size - 900m x 200 metres

• • Grades – 100 to 312ppm U3O8

• • 1km of 12km target tested

Basin Margin

Lake Way South

Project Portfolio

• Calcrete Uranium Yilgarn / Gascoyne • Target - 20 million pounds (10kt) at +300ppm U3O8

• Satellite discoveries around Yeelirrie/Lake Way

• Large scale drill targets

Hillview Project

Historic uranium mineralisation with higher grade potential

• 15km long 100-300ppm U mineralised channel

• Held by WMC in 1970’s

• Higher grade potential

• Initial program completed

McPherson’s Bore Project

Large scale uranium anomaly identified in May 2007

• 4km long geochemical anomaly

• 160 hole aircore drill program completed

• Results pending

Stone Tank Project

7km long radiometric anomaly in drainage with associated surface calcrete

• No previous uranium exploration

• Preserved calcrete

• Surface carnotite mineralisation discovered

• Heritage survey then drill

Project Portfolio

Calcrete Uranium Yilgarn / Gascoyne

Base Metals / Uranium Bangemall Basin

• Unconformity Uranium

• Advanced Zinc projects

• Drilling 2008

Continued Company Growth

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Advance Project Drill Advanced Build U3O8
Pipeline Targets Inventory
Yilgarn Calcretes Hillview Yeelirrie Channel
Unconformity Uranium McPherson’s Bore Lake Way
Base Metals Stone Tank
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