Slide 1: Mining 2008 Resources Convention - Company Presentation
Energy Metals Limited ABN 63 111 306 533 Level 2 18 Kings Park Road West Perth WA 6005 PO Box 1033 West Perth WA 6872 Western Australia Telephone: (08) 9322 6904 Facsimile: (08) 9321 7950 31 October 2008 Email: enquiry@energymetals.net For personal use only Web: www.energymetals.net Company Announce
Slide 2: For personal use only
For personal use only
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: The World by Night
The World by Night Total World Electricity Consumption (2005 Est.) 16.83 Trillion kWh Worldwide Energy Consumption; Projected to grow by 54 percent by 2025 — = nergy Metals Source: CIA World Fact Book, Oct 2008 / EIA USA. eS Limited
Slide 5: The Current Status of Nuclear Power
The Current Status of Nuclear Power = © @ iD = = e) ) — @) o) — © UL ( \ nergy Metals Limited.
Slide 6: Uranium Demand and Supply
fll alt Demand and Supply _ 2 wn v =) Yo = = a. E 2 ¢ 3 in 2 we ° a v7) Million Ibs U3O8 0 T a Fe a vey Pt SY PC SF Sa TT 65 68 7l 74 77 80 83 86 89 92 95 98 O1 04 07 10 “nergy Metals Source: UXC Limited
Slide 7: Capital Structure
Capital Structure For personal use only Shares on Issue 117.1m Options on Issue 4.2m Shareholders 1,040 Cash* (30 Sept 2008) $ 7.0m Jindalee Resources 46.8m shares 40.0% Mark Scott 18.6m shares 11.7% Denison Mines 9.5m shares 8.1% *includes receivables
Slide 8: EME Uranium Spot Price vs Share Price
Energy Metals (EME) U;0; Spot Price vs Share Price Uranium Spot Price seems EME Share Price 3.00 2.50 2.00 1.50 Spot Price US$Ib U30g NY I LS CT | Dec Mar Jun Sep Dec 05 06 £06 06 06 1.00 0.50 Energy Metals Share Price A$ 0.0 Mar Jun Sep Dec Mar Jun Sep Dec 07 O72 07 07 = (08 08 08 08 PR SS PS SS ES
Slide 9: Board & Management
Board & Management | Oscar Aamodt Trish Farr Geoff Jones Lindsay Dudfield Nick Burn
Slide 10: Australian Uranium Projects Map
Uranium , Jabiluka Swine Bean * oe Ranger on ( PAN eo f = 'e NORTHERN TERRITORY ‘Westmoreland ) 4g ‘eValhalla \ sKintyree y) ¥ ve /ESTERN AUSTRALI | @ Angela QUEENSLAND ae i Pataca keside US Yeelirrie SOUTH AUSTRALIA Lakeside = Mopoke Well | ee ; Seta eg - “anketell -~ 1 Mulga Rock lympic Dam °® Bev
Slide 11: Ngalia Basin Deposits and Prospects
Ngalia Basin Deposits and Prospects Prospective A stratigraphy Lake Lewis Granted tenement | Tenement application @ EME uranium deposit/prospect © Uranium prospect (excised) 132°00" (=nergy Metals
Slide 12: For personal use only
alamalala E24453 (100% EME) — —__— __ (Bigrlyi JV (EME 53.7%)) 7 540 000mN \ \ 7 A ~ Mount Eclipse Sandstone \ yf ——"\ @ Mineralised Horizon - A 7 4Km @ Uranium anomaly/prospect E24453 (100% EME)
Slide 13: For personal use only
For personal use only
Slide 14: March 2008 Resource
March 2008 Resource For personal use only Total resource base at Bigrlyi (10,555t U308 & 19,780t V205 at the 500ppm U308 cut-off grade; or 7,996t U308 & 13,510t V205 at the 1,000ppm U308 cutoff grade) classified as follows: Indicated Resources Cut Off Tonnes U3O8 V2O5 U3O8 V2O5 (ppm U3O8) (ppm) (ppm
Slide 15: Bigrlyi Project JORC Compliant Resources
Bigrlyi Project JORC Compliant Resources 500ppm cut-off 50MIbs 40MIbs 7 t Resource ae <==, Saal, I I T I es - Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 05 05 06 06 06 O06 O07 O7 O07 O7 O08 O08 08 O08 EME (Snergy Metals Listing
Slide 16: Schematic Uranium/Vanadium Flowsheet
Schematic Uranium/Vanadium Flowsheet _ sicriy uRANIUM PROJECT OPEN PITS RADIOMETRIC ROM GRADE SORTER STOCKPILES PRIMARY bo ane CRUSHER SCREEN BALL MILL RADIOMETRIC SECONDARY ANALYSER CRUSHER THICKENER Extractant H202 LEACH TANKS FILTER FILTRATE CLARIFIER URANIUM Diluent SOLVENT URANIUM URANIUM EXTRA
Slide 17: Updated Scoping Study
Updated Scoping Study* For personal use only (March 2008 resource) 0.5 Mtpa plant, acid leach & SX 12 Year Mine Life (improved plant utilisation) Production: 16.2Mlbs U3O8 + 14.5Mlbs V2O5 Project Capital: $70M *U3O8 @ $US75/lb; V2O5 @ $US4/lb; A$1.00= $US0.75
Slide 18: Bigrlyi JV
| (=nergy Metals Limited Bigrlyi JV For personal use o = (=nergy Metals
Slide 19: Bigrlyi Camp
For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 20: Bigrlyi – Initial Drill Results
Bigrlyi – Initial Drill Results For personal use only Hole Intercept B08004 3.00m @ 0.23% eU3O8 2.75m @ 0.61% eU3O8 B08008 5.30m @ 0.52% eU3O8 B09021 3.70m @ 0.50% eU3O8 7.05m @ 0.48% eU3O8
Slide 21: For personal use only
\ “\ 1, nengy/Metals =! Limited)
Slide 22: Watch out for
Watch out for: For personal use only Increased resources at Bigrlyi Drill Results from Ngalia Basin & WA Bigrlyi Feasibility (early 2009) Production to commence 2011 Leveraged to higher U3O8 + V2O5 prices
Slide 23: Compliance Statement
For personal use only Compliance Statement The information in this presentation is based on information compiled by Mr Lindsay Dudfield, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Dudfield is a consultant employed by Energy Metals and has sufficient experience which i
Slide 24: Thank you
(nergy Metals LUmited THAR. you www.energymetals.net (i Say)