Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2023)
24 slides from Energy Metals's shareholder meeting presentation, May 30, 2023
Slide 1: Annual General Meeting 2023
For personal use only Annual General Meeting 2023 Shuqing Xiao Managing Director
Slide 2: Disclaimer
Disclaimer 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. For personal use only Certain information in this presentation has been derived from third parti
Slide 3: 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 4: EME Share Price vs U3O8 Price from 2010
EME Share Price vs U3O8 Price from 2010 EME Share Uranium Price Price Au$ US$/lb U3O8 For personal use only Japanese Current EME Share Price $0.099 Tsunami Current Spot Price $52.93 Long Term Uranium Price $53.5
Slide 5: EME Capital Structure & Corporate Information
EME Capital Structure & Corporate Information Issues shares & cash on hand Directors & Management Shares on Issue 209.7M • Mr Yusheng Cai (Non-Executive Chairman) For personal use only • Mr Shuqing Xiao (Managing Director) Shareholders* 719 Cash & Bank (31 Dec • Mr Lindsay Dudfield (Non-Executive $1
Slide 6: Uranium Market Review – Uranium Price
Uranium Market Review – Uranium Price Uranium price has entered the upward cycle while mine supply is in the transition from the downward cycle to the upward cycle For personal use only Data source: World Nuclear Association
Slide 7: Uranium Market Review - Uranium Demand
Uranium Market Review - Uranium Demand Stable and strong demand from nuclear reactors • Uranium consumption has returned to pre- 2011 levels. For personal use only • More reactors to be built in Asia and the Middle East with 57 reactors under construction and more planned reactors. • Uranium require
Slide 8: Uranium Market Review - Mine Supply
Uranium Market Review - Mine Supply Uranium supply cycles lagged behind uranium price cycles • The upward supply cycle continued For personal use only until 2013 following Fukushima in 2011 • The change of supply cycle from the upward to downward happened in 2016. • Now the supply is in transition f
Slide 9: Uranium Market Review - Mine Supply: Global Supply Cuts
Uranium Market Review - Mine Supply Global Supply Cuts Production curtailments have removed an estimated 77.6mlbs U 3O8 from the market For personal use only since 2014. North America Cameco has removed about 30mlbs from the market Kazakhstan (CIS) Kazatomprom has limited its uranium production
Slide 10: Uranium Market Outlook
Uranium Market Outlook Another uranium price upward cycle is ongoing • Uranium requirements will grow steadily with cumulative uncovered requirements of about 2.3 billion pounds U3O8 to the end of 2040. For personal use only • Uranium supply is transitioning from the downward cycle to the upward cyc
Slide 11: Strong Shareholder Support – CGN URC
Strong Shareholder Support – CGN URC CGN Uranium Resources Co., Ltd (CGN-URC) is a wholly owned subsidiary of CGN, the largest nuclear utility in China For personal use only As of the end of December 2022 x26 29.38GW 53% domestically Units in operation: remains No.1 domestically, enters top 3 global
Slide 12: Northern Territory projects
For personal use only Northern Territory projects NORTHERN TERRITORY PROJECTS
Slide 13: Northern Territory Projects – Bigrlyi JV
Northern Territory Projects – Bigrlyi JV Bigrlyi Joint Venture (EME 72.39%, NTU 20.82% and Noble 6.79%) • EME’s flagship project is the sandstone-hosted Bigrlyi Uranium-Vanadium Deposit. For personal use only • A prefeasibility study was completed in 2011 with key parts being progressively updated.
Slide 14: Bigrlyi Project: Potential for Resource Expansion
Bigrlyi Project: Potential for Resource Expansion Past work has shown that the economics of the Bigrlyi project can be significantly improved by (a) an increase in the resource base, (b) an increase in feed grade to the plant , and (c) removal of acid-consuming gangue. For personal use only A review
Slide 15: Bigrlyi Project: Potential for Resource Expansion
Bigrlyi Project: Potential for Resource Expansion At the A2 ore bodies potential has been identified for resource expansion to maximum open-pittable depths beneath existing high-grade intercepts. For personal use only
Slide 16: Bigrlyi Project: Potential for Resource Expansion
Bigrlyi Project: Potential for Resource Expansion A15 ore body expansion to east – significant radiometric anomalies lie outside the existing pit shell ! For personal use only
Slide 17: Bigrlyi Project: Potential to Improve Project Economics
Bigrlyi Project: Potential to Improve Project Economics Investigation of new ore-sorting technologies (Optical & XRT sorting) • U UPGRADE. For uranium recoveries set to approx. 70% of the starting U3O8 For personal use only content, upgrade factors for high-carbonate and low-carbonate ores 3.8x (0.3
Slide 18: Bigrlyi Project: Potential to Improve Project Economics
Bigrlyi Project: Potential to Improve Project Economics Metallurgical carbonate rejection test-work at ANSTO • Reverse floatation tests delivered positive results. For personal use only • For high-carbonate ore, 78.8% of carbonate was rejected for a mass rejection of only 16%, U3O8 grade increased b
Slide 19: Ngalia Regional Projects
Ngalia Regional Projects • Twelve Uranium exploration targets have been identified & await drill-testing • Rare-Earth Element Potential identified at the Crystal Creek prospect • Walbiri South/Anticline* For personal use only Crystal Creek • Penrynth * REE Project • Carnotite Hill * • Autobahn * • D
Slide 20: Ngalia Regional Projects
Ngalia Regional Projects • Walbiri South & Anticline targets – target beds traced around folded strata. • Initial drill testing planned for 2023. For personal use only Walbiri : 7 kilotonne U3O8 resource Walbiri South target Walbiri Anticline target
Slide 21: Crystal Creek REE-in-Regolith Project
Crystal Creek REE-in-Regolith Project • Surface sampling has expanded the previously defined anomalous REE footprint at Crystal Creek. • Total REE oxide (TREO) grades in clay-rich regolith up to 0.17% reported. For personal use only • 2023: follow-up metallurgical test-work, mineralogy and initial d
Slide 22: Plans for 2023
Plans for 2023 For personal use only Northern Territory Projects: • Field work and site visits have resumed. • Review underway for proposal to update of the Bigrlyi uranium and vanadium mineral resource estimates to JORC 2012 standard. • Initial drilling programs will be conducted to test Dingos Res
Slide 23: For more information
ASX:EME For personal use only For more information: Phone: +61 8 9322 6904 Email: enquiry@energymetals.net Web: www.energymetals.net
Slide 24: Competent Persons’ Statement
Competent Persons’ Statement The information in this report relating to mineral resource estimates for the Bigrlyi Deposit is based on information compiled For personal use only by Arnold van der Heyden BSc, who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM). Mr van der