For personal use only - ASX · AusAmerican to acquire other uranium projects and become the largest uranium junior in USA. ¾USA excellent location, high demand, low supply, low sovereign

Projects, Production and Profitability

Fremantle Uranium Conference July 2010

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All 

persons 

should 

seek 

appropriate 

professional 

investment 

advice 

in 

reviewing 

or 

considering 

this 

presentation 

and 

all 

other 

information 

with 

respect 

to 

Australian‐

American 

Mining 

Corporation 

N.L’s

(“AusAmerican”) 

(formally 

known 

as 

Monaro

Mining), 

business, 

financial 

performance 

and 

operations. 

Neither 

the 

provision 

of 

this 

presentation nor the information contained therein, or any associated communication to any person should be taken as constituting financial advice regarding the purchase 

or dealing of shares in AusAmerican. This presentation does not purport to provide all information that might reasonably be required to complete a detailed assessment of 

AusAmerican. Individuals should conduct their own investigation of investment and financial parameters relevant to their personal requirements for investment purposes.

The 

presentation 

may 

contain 

forward 

looking 

statements 

regarding 

the 

intentions 

of 

the 

Company, 

and 

these 

will 

be 

affected 

movements 

in 

share 

markets, 

commodity 

prices 

and 

many 

other 

factors 

beyond 

the 

control 

of 

Company 

personnel. 

The 

presentation 

must 

be 

considered 

in 

the 

light 

of 

these

uncertainties 

and 

investments 

in 

AusAmerican

should be considered as speculative in nature. 

The presentation is not a prospectus or similar disclosure document and does not constitute an invitation to apply for shares. 

Statements relating to potential quantity  and grades of exploration targets in this presentation are conceptual in nature as there has been insufficient exploration to define 

a mineral resource and it is uncertain whether further exploration will result  in the  determination of a Mineral Resource.

Competent Person.  The review of exploration activities and results contained in this presentation in relation to the  Company’s projects is based on information compiled by 

Mr. Denis Geldard, Mr. David S. Boyer and Mr. Chester E. Nichols. 

Mr. Geldard

is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style

of mineralisation

and types of 

deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code 

for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Boyer is a licensed geologist registered in the State of Washington No 2400 

and is a member of the Society of Economic Geology and Arizona Geological Society. He has significant experience relevant to the

style of mineralisation

and types of 

deposits under consideration. Mr. Nichols  holds an AB in Geology from Cornell University, an MS in Petrology from the University of Iowa, and a PhD in Geotectonics

and 

Geophysics from the University of Missouri‐Rolla (Missouri School of Mines) and  has 15 years of exploration

experience in all the major uranium provinces of the United 

States.

He is currently a member of the Association of Engineering Geologists, Sigma Xi (scientific research society), Citizens for Nuclear Technology Awareness, Central 

Savannah River Area Geological Society, and the Geological Society of Nevada. 

He has significant experience relevant to the style of mineralisation

and types of deposits under consideration. Both gentlemen consent to the inclusion of this information 

in the form and context in which it appears in this presentation.

Disclaimer

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USA focused uranium and gold exploration and development company.AusAmerican dedicated and focused only on brown fields properties/former mines -limited exploration risk.Near term production focus, production timeline on two projects less than 24-30 months.Consolidation opportunity - currently a window exists for AusAmerican to acquire other uranium projects and become the largest uranium junior in USA.USA excellent location, high demand, low supply, low sovereign risk, excellent infrastructure, increasingly co-operative regulative and legislative environment.Few junior producers, most juniors are a long way from production – aggregating leases that require significant exploration.Experienced management team.Significant value play less than $0.50 per pound valuation.Peer average $2 per pound, higher in USA/Canada.

Investment Highlights

Source Iress

12 Month Gold Price

2 Year Uranium Price

Source UXC

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Corporate Overview

Shares on Issue 162 million

Current Share Price 4 cents

Market Cap $6.5 million

Volume 7.3 million per month

12 month range 3.5 cents – 12.5 cents

US ADR’s Trading on OTC. QX

Cash and receivables (30 June 2010)

$1 million

AusAmerican has a highly experienced management and Board of Directors with significant US uranium experience

Directors

Jim Malone Executive Chairman – Australia based

Denis Geldard CEO – US based

Mike Duncan US based

Greg Barns Australia based

Source Paritech

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Why the USA?

USA currently has the largest demand for Uranium globally.440 nuclear reactors operate currently in the world, 104 in the USA.Existing USA uranium production is very limited. Demand 55 million lbs p.a, supply 4 million lbs p.a. Net supply coming from reprocessed Russian material which expires in 2012.No junior uranium producers (last production URI 2008).Properties in prime US uranium territories –TX, NV,NM, AZ.Low capital intensive properties – many sunk costs covered large data bases acquired.Excellent sovereign risk.Excellent infrastructure – abundance of available mills and plants.Educated workforce.Limited junior market, projects relatively easy to acquire.No ASX peer targeting the brown field, easily extractable projects like Aus American.

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1. Lone Star (Uranium, AIW 90%, Texas) • Historic resource of 3 million lb’s (Union Carbide).• Exploration target is 4-6 million pounds at 1200 ppm (0.12%). • Mineralisation from near surface to 150 ft. • Amenable to ISR treatment ; and • Near existing plants.

2. Apex/Lowboy (Uranium, AIW 100%, Nevada) • JORC inferred resource of 950,000 lbs at 700 ppm (0.07%).• Exploration target 3-5 million pounds (Apex), 10 million pounds (Lowboy).• Scoping study performed in 2007 demonstrated open cut heap leach operation

works and is economic. • Permitting commenced. • Production target second half 2012.

3. Rio Puerco (Uranium, AIW 100%, New Mexico) • JORC inferred resource of 11.4 million lbs at 900 ppm (0.09%) on 7% of project

(one block). • Exploration target 2 to 5 times the current resource .• Regional potential unknown but significantly greater. • Fully developed underground mine in place.• Plant (60km from Rio Puerco) planned for 2013 (Strathmore Resources), or TX.

UEC (Mkt cap. $250 million) recently (13/4/2010) sold 49% of the Cebolleta uranium deposit (43-101; 10 million pounds at 1200 ppm (0.12%) in NM for $11 million, approx $1.10 per pound. Values AIW’s interest in Rio Puerco at AUD$15 million.

4. Other projects•

Apache Basin (Uranium, AZ, AIW 100%), grass roots, VALE earning in, Bernard Gold (Gold, AZ, AIW 90%) , advancedexploration, Cristol earning in.

Project summary

Lone Star Project

Bernard Gold Project

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Lone-Star Texas uranium project

Based on historic drilling completed by Union Carbide, resource of 3 million lbs in existence with grades of between 1,000 and 2,000 ppmwith exploration upside. Exploration target is 4-6 million lbs.Original data and geologist secured by AAM. Historic drilling indicated ore located from near surface to 200 foot depth.Further resources expected to be securedin next 3-6 months.Amenable to ISR.Texas ideal location for fast track permitting.Drilling to commence by November 2010.Maiden JORC resource by February 2011.FS commenced by Feb 2011.Target production by 2012.

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Overview

Target is paleochannel uranium mineralisation hosted by Jurassic sandstones, mudstones and shales (Morrison Formation).

Located within the Grants Mineral Belt which has produced some 340 M lbs.

Located “next door” to world class deposits – Mt Taylor deposit +100M lb (owned by Rio Grande Resources) and Roca Honda 33Mlb (owned by Strathmore Minerals), URI 100 Mlb, Church Rock (15 Mlb).

Numerous tenements covering a large area and many prospects.

Fully developed mine already in place.

100% AusAmerican owned.

11.4 million pounds inferred JORC resource.

Target of JORC resource of > 20 million lbs by end of 2010 with > than 50% in measured and indicated category.

Potential for ISR or conventional mining.

Rio Puerco Deposit11.4 M pounds

Located adjacent and on 

trend to the Bernabe

Montano Grants deposit

Rio Puerco Deposit11.4 M pounds

Located adjacent and on 

trend to the Bernabe

Montano Grants deposit

New Mexico Projects Rio Puerco Mine

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Resource upgraded to 33Mlb by Strathmore .Permitting for mine and mill well advanced. Toll treatment options. Resource upgraded to

+100M lb by Rio Grande Resources. Potential for ISL.

New Mexico Projects Grants Uranium Deposits

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Rio Puerco - Regional

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Overview

Recent assessment confirms an Inferred Mineral Resource of 614,800 tonnes @ 0.07%U3O8 or approximately 950,000 lbs of metal compliant with JORC standards on Apex only.Exploration model is igneous contact of the Austin Pluton with metasedimentary rock.Mineralisation associated with aplite intrusive dykes.Drilling program planned to validate findings of assessment and extend zones of known mineralization and increase resource.Apex exploration target 3-5 million pounds, Lowboy target 10-15 million pounds. Regional potential significant.

Apex  

Uranium 

Project

950,000 lbs

Apex  

Uranium 

Project

950,000 lbs

Nevada Projects: Apex Mine Development

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Rio PuercoJORC resource to 20 million pounds. 50% of this resource to be in measured and indicated category. New exploration target identifiedRegional exploration program designed.

Apex-Lowboy

JORC resource to 3 million pounds, 30% in measured and indicated category. New exploration target identified.Possible maiden Lowboy JORC resource.Fast track feasibility study. Commenced exploration of regional opportunities between Apex and Lowboy.

Lone StarDrilling completed.Initial JORC resource of 3 million pounds.Commenced feasibility study.

New projects New projects acquired and initial drilling completed.Maiden JORC resource announced.

COMPANYCombined JORC resource of 26-30 million lbs.Additional multi million lbs exploration targets.At least two projects at feasibility stage.

Company target for March 2011 F

or p

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Fast tracking towards production

AAM Programme and Timing to Expected Production

2010 2011 2011 2012 2012 2013 2013H 2 H1 H2 H1 H2 H1 H2

Apex‐Lowboy

Dril l ing

Feasibil ity

Permitting

Construction

Production

Texas

Dril l ing

Feasibil ity

Permitting

Construction

Production

Rio Puerco

Dril l ing

Feasibil ity

Permitting

Mine Rehabilitation

Production

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Exploration and development plan and budget 2010

Lone Star Texas – Drilling, leases, permitting $400k

Rio Puerco;

- Validation/exploration drilling, hydrocarbon survey

$750k

Apex/Lowboy;

- Validation/exploration drilling, hydrocarbon survey / permitting/feasibility

$550k

New project acquisition $200k

Working capital $600k

TOTAL $2.5 million

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Investment Drivers

High leverage exposure to US U308 demand.2 near term production opportunities.Multiple brown field exploration projects both with significant resource upgrade opportunities.Multiple aggregation / expansion opportunities.Respected, highly experienced team.Trading at significant discount to resources valuation metrics.

COMPANY MARKET CAPITALISATION JORC/43-101 lb's$per Ib valueJORC

Black Range (BLR) $ 16,500,000 34,000,000 $ 0.48 Wildhorse (WHE) $ 50,000,000 32,300,000 $ 1.54 White Canyon (WCU) $ 14,200,000 0 N/APeninsular Minerals (PEN) $ 53,000,000 15,000,000 $3.53AusAmerican Mining (AIW) $ 6,000,000 12,400,000 $ 0.48 UEC (NYSE : UEC) $ 221,000,000 9,000,000 $ 24.56 Strathmore (TSX: STR) $ 63,000,000 36,300,000 $ 1.74

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Jim Malone- Executive Chairman and President.Before entering the mining and resources industry, Jim worked for 12 years as an accountant, stockbroker, Analyst, Senior Manager and CEO for Arthur Andersen accountants and Hartley Poynton Stock Brokers in Perth, WA; CSFB and Lehman Brothers in London, and was CEO of the Richmond Football Club (one of 16 AFL clubs) in Melbourne Australia from 1994 until 2000.

For the past 11 years Jim as been involved as an entrepreneur in the resources industry involved with small mining, development and exploration companies from start up and listing as well as ongoing management . Jim has been involved in the start up , listing and management of six junior resources companies listed on the ASX. He has had experience in a number of commodities including uranium, gold, base metals, industrial minerals and oil and gas. Jim has been involved in raising in excess of $50 million for these companies and has working experience in Australia, USA, Latin America and Eastern Europe. He has also served on the Board of a number of public and private companies as Chairman, Managing Director and Director most notably Richmond Mining Ltd, Atlantic Limited and Uranium King Limited. Jim has a B.Com from the University of Western Australia and is an Associate of the Australian Society of CPA’s.

Denis Geldard- CEO and Executive Director of Operations.Denis has spent the past 40 years in the mining and resources business. He graduated from the Kalgoorlie School of Mines as a Mining Engineer in 1972and has worked for a number of companies at Senior management level and was on the Board of Directors of a number of Public Listed Companies. These roles have included being involved with Whim Creek Consolidated, Hamersley Iron as well as Director of Operations and Chief Operating Officer of Mercator Gold plc, General Manager of US Operations for Iluka Resources, Operations Director of PT Kobe Tin and Chief Operating Officer of BCM Ghana Limited.

Denis has extensive experience in operations and mine management and has specialised in heap leaching and gold extraction.

Denis has worked in Australia, the USA, Ghana and Indonesia across a number of commodities including iron ore, gold, mineral sands, base metals and uranium.

John Petersen- Chief GeologistJohn is a Geologist and has worked in the resources industry for over 30 years. Most of his experience has been spent working in south- west USA, particularly in Arizona. John worked for 13 years as a Geologist responsible for uranium exploration and development in the western USA for Uranez and before that for five years as a geologist for Phillips Uranium company focusing on south western USA. During this time John was involved in the exploration of a number of uranium and gold deposits.

Career started as staff Geologist at Standard Oil Co. Post Master (Doctoral Program) in Geology University of Oregon, University of Arizona; Masters in Geology from University of New Mexico

Dr. Bernhard Free- Senior Consultant

Bernhard Free is a geologist and has over 50 years experience in the exploration, discovery and development of mineral deposits. He has spent many years in the uranium business and was General Manager for North America for Uranez for a number of years. He has a PH.D in geology.

AusAmerican Directors & management biographies

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David S. Boyer-Resource Geologist

David has spent Fourteen years working as a geologist (mineral/uranium, oil and gas exploration, geothermal) which includes resource/property evaluation, resource modeling and definition; field oriented geological investigation (mapping, sampling, and drill supervision), project/exploration management, and historical resource compilations (interpreting lithogeochemical, structural, environmental, and geophysical data – both regional and district scale). David has experience in a wide variety of mineral deposits including precious metal narrow vein/epithermal, porphyry copper/gold, disseminated gold (Carlin-style), VMS/base metal deposits and uranium deposits in North and South America and Africa. In addition to this he has experience with Surpac, Arc GIS, MapInfo, Geosoft, and Access. He is a Registered Geologist and has a M.Sc. Geology (Structure and Geochemistry). He has Spanish language proficiency and has an Applied background in geostatistics.

David has worked for a number of large and junior mining companies including Liberty Star Uranium, Kennecott and Magma Chemicals.

Jim Wallace- Permitting and Environment

Jim is a geologist by training and consults to AusAmerican on permitting and environment issues. He is responsible for the permitting of all drilling permits as well as the mining permitting and Plan of Operation (POO) for the Apex/Lowboy project in Nevada. He runs a consulting practice that focuses on mining, mine land reclamation, environmental compliance and land use planning.

Chester E. Nichols -Chief Geologist- Texas

Chester E. Nichols has many years of exploration experience in all the major uranium provinces of the United States. He worked for a number of corporations but spent the majority of his time with Union Carbide Corporation which historically dominated the uranium exploration and mining of uranium in the U. S. While with Union Carbide he led the cutting-edge technology for advanced uranium exploration programs in Texas and wrote UCC's exploration manual. He was involved in discovering new uranium deposits in the Colorado Plateau, Nebraska, New Mexico and Wyoming as well as several new uranium deposits in Texas.

He holds an AB in Geology from Cornell University, an MS in Petrology from the University of Iowa, and a PhD in Geotectonics and Geophysics from the University of Missouri-Rolla (Missouri School of Mines). He is currently a member of the Association of Engineering Geologists, Sigma Xi (scientific research society), and citizens for Nuclear Technology Awareness, Central Savannah River Area Geological Society, and the Geological Society of Nevada.

AusAmerican Directors & management biographies.

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