annesburg and Toronto stock exchanges.

Interview Summary

In the interview below, Neal Froneman compares SXR’s Dominion uranium mine to Cigar Lake, and concludes his mine will become “one of the great uranium ore bodies of the world.” He discussed the Dominion expansion plan to mine up to 7.5 million pounds per year over a thirty-year mine life. Froneman discussed his uranium marketing strategy, how his company will bounce back from the RTZ/Sweetwater disappointment and what sort of

We recently spoke with SXR Uranium One Chief Executive Neal Froneman in a tape-recorded telephone interview. The problem with Froneman is which to choose from the many ‘news headlines’ he provides during the course of an interview. At least one industry trade reporter told us she thought he was a ‘showman.’ We agree, but we also must emphasize Froneman keeps his promises. If you regularly read the South African press, the country where SXR plans to open the world’s next uranium mine, the oft-quoted concern voiced by mining analysts is whether a mining company is turning ‘promises into production.” Or not.

World-renown for gold and diamond production, South Africa takes mining seriously. We doubt Afrikanners gaze upon the North American resource stock promotion schemes with anything more than a chuckle or umbrage. It appears that only during the past six months did SXR finally win over the majority of mining analysts, especially those tough cookies in Jo’burg.

It has become evident to us that Neal Froneman is one of a handful of uranium mining company chief executives who pushes a project through to production. On a much smaller scale, Paladin Resources’ John Borshoff proved he could execute on his company’s Langer Heinrich deposit in Namibia. Mining is a difficult profession involving a great number of variables. As we’ve seen with Cameco’s Cigar Lake flooding, uranium may be the toughest metal to mine. Certainly, uranium mining is the most regulated and environmentally challenged.

On Tuesday, RBC Dominion Securities analyst Adam Schatzker initiated coverage on SXR Uranium One with an ‘outperform’ rating, writing that SXR “offers excellent exposure to the current strong uranium market with strong production growth and a very large reserve base.” SXR Uranium One’s market capitalization has been quickly approaching US $2 billion since Cameco Corp announced the Cigar Lake uranium mine flood this past October. The company trades on both the Johannesburg and Toronto stock exchanges.

Interview Summary

In the interview below, Neal Froneman compares SXR’s Dominion uranium mine to Cigar Lake, and concludes his mine will become “one of the great uranium ore bodies of the world.” He discussed the Dominion expansion plan to mine up to 7.5 million pounds per year over a thirty-year mine life. Froneman discussed his uranium marketing strategy, how his company will bounce back from the RTZ/Sweetwater disappointment and what sort of

uoted concern voiced by mining analysts is whether a mining company is turning ‘promises into production.” Or not.

World-renown for gold and diamond production, South Africa takes mining seriously. We doubt Afrikanners gaze upon the North American resource stock promotion schemes with anything more than a chuckle or umbrage. It appears that only during the past six months did SXR finally win over the majority of mining analysts, especially those tough cookies in Jo’burg.

It has become evident to us that Neal Froneman is one of a handful of uranium mining company chief executives who pushes a project through to production. On a much smaller scale, Paladin Resources’ John Borshoff proved he could execute on his company’s Langer Heinrich deposit in Namibia. Mining is a difficult profession involving a great number of variables. As we’ve seen with Cameco’s Cigar Lake flooding, uranium may be the toughest metal to mine. Certainly, uranium mining is the most regulated and environmentally challenged.

On Tuesday, RBC Dominion Securities analyst Adam Schatzker initiated coverage on SXR Uranium One with an ‘outperform’ rating, writing that SXR “offers excellent exposure to the current strong uranium market with strong production growth and a very large reserve base.” SXR Uranium One’s market capitalization has been quickly approaching US $2 billion since Cameco Corp announced the Cigar Lake uranium mine flood this past October. The company trades on both the Johannesburg and Toronto stock exchanges.

Interview Summary

In the interview below, Neal Froneman compares SXR’s Dominion uranium mine to Cigar Lake, and concludes his mine will become “one of the great uranium ore bodies of the world.” He discussed the Dominion expansion plan to mine up to 7.5 million pounds per year over a thirty-year mine life. Froneman discussed his uranium marketing strategy, how his company will bounce back from the RTZ/Sweetwater disappointment and what sort of

ome evident to us that Neal Froneman is one of a handful of uranium mining company chief executives who pushes a project through to production. On a much smaller scale, Paladin Resources’ John Borshoff proved he could execute on his company’s Langer Heinrich deposit in Namibia. Mining is a difficult profession involving a great number of variables. As we’ve seen with Cameco’s Cigar Lake flooding, uranium may be the toughest metal to mine. Certainly, uranium mining is the most regulated and environmentally challenged.

On Tuesday, RBC Dominion Securities analyst Adam Schatzker initiated coverage on SXR Uranium One with an ‘outperform’ rating, writing that SXR “offers excellent exposure to the current strong uranium market with strong production growth and a very large reserve base.” SXR Uranium One’s market capitalization has been quickly approaching US $2 billion since Cameco Corp announced the Cigar Lake uranium mine flood this past October. The company trades on both the Johannesburg and Toronto stock exchanges.

Interview Summary

In the interview below, Neal Froneman compares SXR’s Dominion uranium mine to Cigar Lake, and concludes his mine will become “one of the great uranium ore bodies of the world.” He discussed the Dominion expansion plan to mine up to 7.5 million pounds per year over a thirty-year mine life. Froneman discussed his uranium marketing strategy, how his company will bounce back from the RTZ/Sweetwater disappointment and what sort of

ironmentally challenged.

On Tuesday, RBC Dominion Securities analyst Adam Schatzker initiated coverage on SXR Uranium One with an ‘outperform’ rating, writing that SXR “offers excellent exposure to the current strong uranium market with strong production growth and a very large reserve base.” SXR Uranium One’s market capitalization has been quickly approaching US $2 billion since Cameco Corp announced the Cigar Lake uranium mine flood this past October. The company trades on both the Johannesburg and Toronto stock exchanges.

Interview Summary

In the interview below, Neal Froneman compares SXR’s Dominion uranium mine to Cigar Lake, and concludes his mine will become “one of the great uranium ore bodies of the world.” He discussed the Dominion expansion plan to mine up to 7.5 million pounds per year over a thirty-year mine life. Froneman discussed his uranium marketing strategy, how his company will bounce back from the RTZ/Sweetwater disappointment and what sort of

annesburg and Toronto stock exchanges.

Interview Summary

In the interview below, Neal Froneman compares SXR’s Dominion uranium mine to Cigar Lake, and concludes his mine will become “one of the great uranium ore bodies of the world.” He discussed the Dominion expansion plan to mine up to 7.5 million pounds per year over a thirty-year mine life. Froneman discussed his uranium marketing strategy, how his company will bounce back from the RTZ/Sweetwater disappointment and what sort of uranium acquisition SXR Uranium One will next make and when. After all, they’ve raised a lot of money.

StockInterview: You had announced in previous interviews that SXR’s Dominion mine could rank as one of the world’s Top Ten, possibly one of the Top Five, uranium mines. What makes you say that?

Neal Froneman: We are only scratching the top of the iceberg with Dominion. What we quote as ‘Dominion,’ it is really two ore bodies right next to each other: Dominion and Rietkuil. That’s what we commonly call Dominion. We have just been awarded a number of prospecting permits that are contiguous with Dominion. If you look at the size of that continuity, it’s enormous. Dominion, on its own as it stands right now, is an ore body that is known to have a resource of 350 million pounds. The grades approach 1 kilogram a ton. It’s technically low-risk, shallow mining. That’s a very large deposit. That is starting to rank with the Cigar Lakes, and those types of deposits in size. Of course, it’s much bigger. That is exactly why I say with a lot of confidence Dominion will be seen to be one of the great uranium ore bodies of the world.

StockInterview: How much mine life do you anticipate from Dominion with a resource that size?

Neal Froneman: If you mine three million pounds per year, that’s 100 years of life. Clearly, that’s a silly economic model. Our initial phase of mining takes us up to just under four million pounds. We are working on an expansion plan that would see the production doubling to about 7 to 7.5 million pounds. We would then bring the mine life into the region of thirty years. With these additional prospecting permits, and some of the other new areas that we have identified, we would not have to go deeper than 500 meters for quite a long time. These areas extend on strike. These extensions move up to the width on strike.

StockInterview: The most recent uranium producers, such as Paladin Resources and UrAsia, have been vagu