Overview

Rand Uranium is an independent resource company, formed in South Africa in November 2008, to capitalise on the global nuclear renaissance.

The company was formed when Harmony Gold, the world’s fifth largest gold producer sold the Cooke sections of its Randfontein Estates Gold Mine to Pamodzi Resources Fund (“PRF”), backed by First Reserve and AMCI Capital.

Strategy...

Rand Uranium's strategy is to build an independent Uranium and Gold company to exploit the low risk, high margin characteristics of the Cooke asset base, positioning the company to consolidate uranium production both locally and internationally.

A different approach….

This is not a start-up company, but rather an established cash generative business with a large resource base on the West Rand, just 30km from the heart of South Africa’s mining capital, Johannesburg. It has a unique mix of proven gold operations and a highly promising surface uranium development project, the quality of which has been verified by extensive feasibility studies.

Large scale low risk uranium project….

The Cooke Tailings Dam is one of the world’s premier above-ground uranium assets – a large scale, low risk surface operation. The company has the ability to leverage the existing infrastructure and operational know-how of its gold operations to provide a natural brownfields site for uranium production.

Making headway….

The company has successfully completed feasibility studies for the new uranium plant, associated infrastructure, and the expansion of the underground gold mining operations to recover uranium. These studies were completed on schedule during November 2009, and consolidation and integration of the research is underway.The gold mining operations are performing to expectation with strong cash flows. The company has delivered a strong safety performance to date with no fatal accidents.