Energy Metals Ltd · ASX:EME
Energy Metals — Australian Uranium Conference 2015
30 slides from Energy Metals's conference presentation, Jul 17, 2015
Slide 1: Australian Uranium Conference 2015
ASX: EME For personal use only www.energymetals.net Australian Uranium Conference 2015 Dr Weidong Xiang Managing Director Energy Metals Limited
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Energy Metals Limited (“Energy Metals or EME”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this presentation has been derived from third parti
Slide 3: Australia's Uranium
Australia’s Uranium Jabiluka . . . Datwine Nees er 4 Bigrlyi & Ngalia Kooga Macallan z Mopoke Well 9 Oobagaay beruceule ‘ Dake Nason Peni OR vee Westmoreland Ancetell Valhalla nkete Manyingee ¥, dl © Angel: . anyi noo QUEENSLAND Lakeside USTRALIA Lake Way i SOUTH AUSTRALIA Lake Maitland Four Mile, f
Slide 4: Energy Metals Share Price vs U3O8 Spot Price Since 2010
Energy Metals Share Price vs U3O8 Spot Price Since 2010 For personal use only EME Share Price Uranium Spot Price EME Share Spot Price Price Au$ Long Term Uranium Price (UXC) US$/lb U3O8 2.00 100 Current EME Share Price $0.12 Japanese Current Spot Price $36.25 Tsunami Long Term Uranium Price $49.00 1
Slide 5: Capital Structure
For personal use only Energy Metals Limited Capital Structure Shares on Issue 209.7m Shareholders 704 Cash & Bank (31 Dec 2014) $23.1m Major Shareholders China Uranium Development Company Ltd 139.3m 66.45% KangDe Investment Group 26.5m 12.66% Jindalee Resources Limited 14.0m 6.69%
Slide 6: Energy Metals Financial Position (Ended December 2014)
Energy Metals Financial Position (Ended 31 December 2014) Au$ For personal use only CURRENT ASSETS Cash and cash equivalents 11,609,364 Term deposit 11,307,540 Trade and other receivables 232,579 Total Current Assets 23,149,483 NON-CURRENT ASSETS Receivables 143,910 Property, plant and equipment 405
Slide 7: CGN (China General Nuclear Power Group)
For personal use only CGN (China General Nuclear Power Group) Clean energy group (established 1994) Gross assets RMB390B (US$63B) Net assets RMB120B (US$19B) 11 operating nuclear generating units(11.62GWe) 13 other nuclear generating units under construction (15.50GWe) 6,900 MWe installe
Slide 8: CGN - Nuclear Power
CGN－Nuclear Power 11 units in operation, with a total installed capacity of 11,620 MWe For personal use only 13 units under construction, with a total capacity of 15,500 MWe ● in operation GNPS LNPS Phase I LNPS Phase II Unit 1、2 of Ningde NPP Phase I Liaoning Unit 1 、2of Hongyanhe NPP Phase I U
Slide 9: Northern Territory Projects
Northern Territory Projects. Darwin m DM a j 4 cenit © [AM Pm y Ra Bp NORTHERN TERRITORY a os US is Macallan . a © J ~ @ Bigrlyi$ Ngalia Discoverii ’ ‘Clean Ene: Limited
Slide 10: Macallan Project
800 000mE £27333 7600 000mN \ ~| Macallan Project } 0 50Km £\-~— Sw] Yuendumu J ‘ = Devonian Carboniferous 7500 00OmN [__] Granted tenement ap = [_] Tenement application <= e EME uranium prospect Undifferentiated Proterozoic ¢ © Uranium prospect (excised) “= Prospective stratigraphy Discovering y |
Slide 11: Bigrlyi Joint Venture Project
Bigrlyi Joint Venture Project For personal use only Several drilling programs, concentrating mostly on the Anomaly 4 and Anomaly 15 deposits, were completed at Bigrlyi in the period from 2006 to 2011 with most holes intersecting significant uranium mineralisation. Uranium and vanadium resource est
Slide 12: Bigrlyi Joint Venture Project
For personal use only Bigrlyi Joint Venture Project A Pre-Feasibility Study completed in mid-2011. A substantial increase in the resource base would positively impact the economics of the Bigrlyi project. In addition, a program to investigate and verify the uranium resource potential of prospe
Slide 13: 2014 Exploration Activities in the Ngalia Project Area
2014 Exploration Activities in the Ngalia Project Area For personal use only In February 2014, maiden JORC-compliant resource estimates, totalling 626 tonnes U3O8, were released for three Bigrlyi satellite deposits: Cut-off Resource Tonnes U3O8 U3O8 Deposit U3O8 Category ('000t) (ppm) (tonnes) (ppm)
Slide 14: Geophysical Survey
2014 Exploration Activities in the Ngalia Project Area Geophysical Survey For personal use only To enable accurate targeting, Energy Metals commissioned a high-resolution (50m-line- spaced), helicopter-borne magnetic and radiometric survey over four key areas of the Ngalia Basin (Dingos Rest, Cooneg
Slide 15: Walbiri South Target
2014 Exploration Activities in the Ngalia Project Area Walbiri South Target Based on the geophysical survey, a new geological model has been developed for the Walbiri For personal use only area allowing prospective beds to be traced around fold axes to the south. Known Walbiri Mineralisation New Tar
Slide 16: Geophysical & Biogeochemical Survey - Malawiri
2014 Exploration Activities in the Ngalia Project Area Geophysical & Biogeochemical Survey - Malawiri For personal use only Combined deep-sensing magnetic imagery and a biogeochemical survey to detect buried uranium has led to development of a new geological model for buried uranium mineralisation i
Slide 17: New Malawiri Geological Cross-Section
2014 Exploration Activities in the Ngalia Project Area New Malawiri Geological Cross-Section For personal use only Deep-sensing magnetic imagery suggests prospective sandstone in the Malawiri area is repeated in a series of synclines allowing identification of many new target zones. Malawiri Deposit
Slide 18: 2014 Ore Minerals Study
2014 Ore Minerals Study For personal use only Studies of ore mineral textures in key deposits show that uranium minerals commonly replace earlier-formed pyrite as this example from Walbiri shows.
Slide 19: 2015 Mineral Estimate Work - Karins Deposit
2015 Mineral Estimate Work - Karins Deposit The historical Karins deposit For personal use only is a tabular sandstone- hosted uranium deposit similar to the Bigrlyi deposit, although with an oxidised zone up to 60m thick from surface dominated by carnotite mineralisation. Karins was discovered by C
Slide 20: 2015 Resource Estimate Work - Karins Deposit
2015 Resource Estimate Work - Karins Deposit For personal use only Example of the Interpretation of Mineralised Bodies along the RPH92, RPH64, RPH91 section View showing grade distribution within mineralised bodies
Slide 21: 2015 Resource Estimate Work - Karins Deposit
2015 Resource Estimate Work - Karins Deposit For personal use only Estimate of Mineral Resources for the Karins Deposit (Ngalia Basin), announced July 2015 - 691 tonnes U3O8 at 556 ppm (200 ppm cut-off) Grade Mineral Resources Volume Tonnes Category Type '000 m3 '000 t U3O8 U U3O8 U3O8 ppm % tonnes
Slide 22: Western Australian Projects
Western Australian Projects. CO. Diy. Se tad WESTERN eras Ut ot AUSTRALIA Soca € @ Manyingee Me Vig, mw Newman aes. Re i PN, ahaa) CTakesides> © Lake Mason Anketell™ — © Mopoke Well w Kalgoorlie Discovering jer lean - 4 Metalscn2”
Slide 23: Lakeside Project - Resource Estimate
For personal use only Lakeside Project – Resource Estimate An updated JORC (2012) resource estimate was completed for the Lakeside Deposit in June 2014. The inferred JORC resource estimate totalled 960 tonnes U3O8 at an average grade of 350ppm eU3O8 (200ppm cut-off).
Slide 24: Lakeside Project - Resource Estimate
Lakeside Project – Resource Estimate • Mineralisation is distributed For personal use only in three different domains which are interpreted as separate palaeochannels: North, Central & South. • The Central Palaeochannel holds 75% of the resource at 200ppm U3O8 cut-off. • Energy Metals’ total uranium
Slide 25: Manyingee
Manyingee Roll-front-style sandstone-hosted Manyingee uranium mineralisation in a buried East For personal use only Cretaceous palaeochannel Exploration Potential: Prospect Significant uranium intercepts were encountered in 2012 drilling upstream of Paladin’s Manyingee Uranium Deposit 2014 drillin
Slide 26: Manyingee East Prospect: drilling results
Manyingee For personal use only East Prospect: drilling results • Mineralisation averages 330ppm eU3O8 and 0.2 –5 m thick, with a high grade intercept of 1.4m @ 1,117ppm eU3O8 in Hole MRM017. • ‘Wing’ style mineralisation shows good continuity across the northern and southern margins of the Manyinge
Slide 27: WA Tenement Retention Licence Conversion
WA Tenement For personal use only Retention Licence Conversion In 2014, Energy Metals applied to convert the Anketell, Lake Mason, Mopoke Well and Lakeside exploration licences to Retention Licences to allow the Company to maintain tenure over the project areas with minimal expenditure until the e
Slide 28: EME is Committed to High Standards of Occupational Health & Safety
EME is Committed to High Standards of Occupational Health & Safety For personal use only • Site Induction & Radiation Safety Training • Dedicated Company OH&S Officer • Environmental and Personal Radiation Monitoring • Risk & Emergency Management • Safe Transport of Radioactive Materials • Safe Work
Slide 29: Plans for 2015
Plans for 2015 For personal use only Ngalia Regional Projects: • Compilation of Historical Exploration Data including Digitisation of Gamma Logs for three Significant Uranium Deposits last explored in the 1970s. • Exploration Targeting underway based on results of the 2014 Geophysical Survey • Compa
Slide 30: Thank you
For personal use only Thank you ASX:EME For more information: Phone: +61 8 9322 6904 Email: enquiry@energymetals.net Web: www.energymetals.net