Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2013)
31 slides from Energy Metals's shareholder meeting presentation, May 28, 2013
Slide 1: 2013 Annual General Meeting
For personal use only 2013 Annual General Meeting Weidong Xiang Managing Director
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Energy Metals Limited (“Energy Metals or EME”). The information contained For personal use only 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 . . . Darwine : Ranger Bigrlyi & Ngalia Raat a Macallan . Mopoke Well SS Baga leruceeilme Westmoreland Lake Mason ye oValhalla Anketell Manyingee e a © Angel | . anyingee | — QUEENSLAND Lakeside WESTEIRIN AUSTRALIA o|Lake Way | Lake Maitland SOUTH AUSTRALIA f Four ile »
Slide 4: Share price, spot and long term uranium price
Current EME Share Price $0.22 For personal use only Current Spot Price $40.50 Long Term Uranium Price $57.00
Slide 5: China nuclear power reactors
16 Operational power reactors (13.6GWe) For personal use only 29 Under construction(31.7GWe) In 2012, nuclear power contributes 1.97% of total electricity production in China.
Slide 6: CGNPC (China General Nuclear Power Group)
CGNPC (China General Nuclear Power Group) For personal use only • Clean energy group (established 1994) • Gross assets US$43.4B (April 2013) • Net Assets US$12.7B (April 2013) • 7 operating nuclear power plants (7.2GWe) • 15 power plants (17.8GWe) under construction • 3.3 GWe for wind power generato
Slide 7: Capital Structure
Energy Metals Limited Capital Structure For personal use only Shares on Issue 153.8m Shareholders 795 Cash & Bank $20.89m (31 March 2013) Major Shareholders CGNPC 93.1m 60.6% KangDe 19.5m 12.7% Jindalee 14.0m 9.1%
Slide 8: Highly Experienced Board
Highly Experienced Board For personal use only Mr Zuyuan He (Chairman) CGNPC - URC Dr Weidong Xiang (Managing Director) CGNPC - URC Ms Yunfei Jin (Non Exec) CGNPC - URC Ms Zhenshu Cui (Non Exec) CGNPC - URC Mr Yu Zhong (Non Exec) KangDe Mr Lindsay Dudfield (Non Exec) Mr Geoff Jones (Non Exec) Ms Xue
Slide 9: Uranium Procurement and Export In Place
Uranium Procurement and Export In Place PRODUCERS BUYER Licensed Uranium (vendors) Exporter NUCLEAR FUELS Current and Future Australian producers roe Metalsimoy Possible Future Bigrlyi Production Discovering Clean Energy
Slide 10: Uranium Trading
Uranium Trading For personal use only • Unique Uranium Export Permit Granted in 2011 • Permit to Possess Extended to 2018 • 150,000lb Uranium Concentrates purchased from Australian producer and delivered to Shanghai in Oct 2012 • Further Purchase and Sales Contracts expected.
Slide 11: Northern Territory Projects
Northern Territory Projects. Darwin m l ) ip NORTHERN V fd pay | TERRITORY Ay i VY Macallan ly “e Bigrlyi & Ngali 0 500km igrlyi & Ngalia meu 5 T R A Ue Metalsn2
Slide 12: Bigrlyi, Ngalia Projects Regional Location
Bigrlyi, Ngalia Projects Regional Location £24453 INS E27169 Dingo's Rest jeez A) a Devonian Carboniferous “ E2: d E24805 Camel Flat 0 Lk SO ; Undifferentiated Proterozoic —— _— {_] Granted tenement Lake Lenis [| Tenement application @ EME uranium prospect @ Uranium prospect (excised) == Prospective
Slide 13: Bigrlyi Project Mineralised Horizon
Bigrlyi Project Mineralised Horizon \ S Le De Pa a. mw A 5 } \ | \ “ene lp Sandstone \ \. @ Mineralised Horizon ae \ . . ~~~ 0 | 4Km @ Uranium anomaly/prospect er = ne (> Uranium Prospect 710 000mE | Discovering V Clean Energy
Slide 14: Bigrlyi – Work Completed in 2012
Bigrlyi – Work Completed in 2012 For personal use only • Regional mapping • Ground radiometric and magnetic survey • Trial induced polarisation (IP) geophysical survey
Slide 15: Bigrlyi, Ngalia Projects Regional Location
Bigrlyi, Ngalia Projects Regional Location £24453 INS E27169 Dingo's Rest jeez A) a Devonian Carboniferous “ E2: d E24805 Camel Flat 0 Lk SO ; Undifferentiated Proterozoic —— _— {_] Granted tenement Lake Lenis [| Tenement application @ EME uranium prospect @ Uranium prospect (excised) == Prospective
Slide 16: Anomaly 15/15E Mineralisation
Anomaly 15/15E Mineralisation Discovering Clean Energy
Slide 17: Anomaly 15/15E Dec 2012 Drilling
Anomaly 15/15E Dec 2012 Drilling. B11012 . Sighiv | 6m @ 1940ppm eU308 || B11035 y p> EME 53.3% From 60.5m 1.45m @ 315ppm eU30s —— KS | From 41.2m _ as BRC 1212 4m @ 294ppm eU308 from 28m, incl. . 1m @ 744ppm from 31m prosees OQ ~\\ £L24453~_ ee a 100% ‘de oO 4 8 B11039 B11016 2.95m @ 1,089ppm eU308
Slide 18: Anomaly 15/15E Dec 2012 Drilling
Anomaly 15/15E Dec 2012 Drilling. s 5 ~m w KO tu }—7541500mN = | s — “-is 7541000mN Discovering Clean Energy % OI 4 » 716500mE 717000mE Anomaly 15E Prospect EL24453 EME 100% Legend {J Thin Cover (| Mineralised Trend Max U30s intercept in drill hole (ppm) > 1000 500 - 1000 100 - 500 <100 EME Drilling
Slide 19: Camel Flat
For personal use only Camel Flat
Slide 20: Camel Flat Drilling
Camel Flat Drilling SS CFRC11043 From 62.4m 735000mE ® Historic Drilling (mosty ineffective) 8.35m @ 763ppm eU308 “Tr From 62.0m including: ©2010 Drilling 2.8m @ 2057ppm eU308 2011 Drilling @ 1000-3000 max eU308 CFRC11052 L ¥ From 91m ). Nw | | ip es CFRC11022 | 4.6m @ 546ppm eU308 From 49.9m includ
Slide 21: Camel Flat Dec 2012 Drilling
Camel Flat Dec 2012 Drilling. | | 736500mE 736800mE 737100mE N Q 200m CFRC 1212 CFRC 1209 3m @ 448ppm U308 4m @ 737ppm U308 from 217m, and from 159m, incl. 1m @ 797ppm from 218m 1m @ 1157ppm from 159m | | i | | ae we CFRC 1204 | ine & 2m @ 2847ppm U308 | & aw ou from 79m | 7522500mN Oe @ | 0 8 oc’ |
Slide 22: Bigrlyi, Ngalia & Macallan Projects
ol £27333 Bigrlyi, Ngalia & Macallan Projects on py 0 100Km | Macallan Project } £27169 £24462 Devonian Carboniferous Undifferentiated Proterozoic [__] Granted tenement [__] Tenement application @ EME uranium prospect @ Uranium prospect (excised) == Prospective stratigraphy G 2p) «
Slide 23: Macallan NT Radiometrics
ergy Limited GY) ~ Metals Macallan NT Radiometrics SG i HUN a eft KOs ypu FE Ss i=) 3 fo) ro) ae
Slide 24: Western Australian Projects
Western Australian Projects. ere ol a - é Py we) 4 > 3 vA. “Se: se i 2 » 4 4 ay * @ Manyingee \ % N Lakeside @ Lake Mason Anketell WESTERN AUSTRALIA m= Newman mUSTRALIA @ Mopoke Well m Kalgoorlie r Metals.i2Y
Slide 25: Manyingee Project WA Dec 2012 Drilling
Manyingee Project WA Dec 2012 Drilling. | WESTERN AUSTRALIA a Manyingee Project / / => 0 Yeelirrie Legend “Uy MRMOO1 [|_| Cover On, Sp 9m @ 345ppm el208 2012 EME Drilling A, a 1, * . “OCHA ir, 2.75m @ 715ppm eU308 Grade x thickness we from 76.25m (ppm eU30s x metres) +—— 7520000mN @ 3000 - 4000 © >
Slide 26: Mopoke Well Project WA Dec 2012 Drilling
Mopoke Well Project WA Dec 2012 Drilling. \ ) 272 000mE Le ~ fy = — _) 276000me 280 000mE a u , —— 6814 000mN rN 0 2km = E29/568 y LAKE RAESIDE \ ~ l a 2 > E29/568 PENINSULA ) YQ ae Prospect Inferred Mineralisation Daan ) = . N sy 0 Yeelirrie ~ @ Mopoke Well Ww > Project o/ (7) ( “a Legend 5) ( [Qs
Slide 27: Mid- and long-term plan: Bigrlyi project
Mid- and long-term plan For personal use only Bigrlyi project • 2013-2015: Resource expansion exploration and PFS optimization • DFS: Commence in early 2016 and complete in mid 2017 • Mine construction: commence in mid 2017 and complete at the end of 2018 • Production: put into production in 2019
Slide 28: Mid- and long-term plan: Ngalia and WA projects
Mid- and long-term plan For personal use only Ngalia project • 2013-2015：Further exploration at prospects so as to expand uranium resource base • 2016-2020：PFS and DFS, depending on the development of Bigrlyi project WA projects • Calcrete-hosted projects：preliminary metallurgical tests, re-log impo
Slide 29: Mid- and long-term plan: Uranium Trade
Mid- and long-term plan For personal use only Uranium Trade • 2013 • Expand the scope and quantity of uranium trade • Establish an extensive trade relationship with uranium producers • Establish an international trade team • Goals • Develop into a professional uranium trade company with relatively s
Slide 30: Watch out for 2013
Watch out for 2013 For personal use only Further Uranium Trading Transactions Exploration Updates Ngalia Project • Bigrlyi West, • Camel Flat, • A15 East • Regional Exploration
Slide 31: Thank you
For personal use only Energy Metals Limited Thank you www.energymetals.net enquiry@energymetals.net