Energy Metals Ltd · ASX:EME
Energy Metals — RIU Explorers Conference (February 2012)
36 slides from Energy Metals's conference presentation, Feb 22, 2012
Slide 1: Paul Dunbar, Exploration Manager
For personal use only Paul Dunbar Exploration Manager
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: Historic U3O8 Spot Price vs Share Price 2005-2009
Energy Metals (EME) Historic U308 Spot Price vs Share Price 2005-2009 EME Share Price —_— Uranium Spot Price — Spot Price Long Term Uranium Spot Price —— EME Share US$Ib U30g Price A$ 140 3.00 G2 cenrc | Takeover Offer }2°0 | 120 + * 2.00 ; 1.50 | 1.00 | ns 26s. SN 0.50 1a _ am | 20 | / T { AS CS, N
Slide 4: Current share price and uranium prices
For personal use only Current EME Share Price $0.35 Current Spot Price $52.00 Long Term Uranium Price $62-65
Slide 5: Mainland China Nuclear
Mainland China Nuclear (As at 31 Dec 2011) ¢ |4 Operational pow: : 5 eactors (1 |.8GWe) 27 Under construction Wehai ongshiding
Slide 6: CGNPC
For personal use only CGNPC (China Guangdong Nuclear Power Holding Co. Ltd) • Clean energy group (established 1994) • Total assets US$39.7B, US$39 7B • Net Assets US$11.1B (Jan 2012) • 6 operating nuclear power plants (6,110 Mwe) close to HK • 15 power plants (17,540 MWe) under construction • One of
Slide 7: Capital Structure
C it l Structure Capital St t For personal use only (current) Shares on Issue 153.8m Sh h ld Shareholders ≈1,000 1 000 Cash (31 December D b 2011) $ 24.5m 24 5m CGNPC 93.1m shares 60.6% KangDe 19.5m shares 12.7% Jindalee 14.0m shares 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 Mr Bin Cui (Finance Director) CGNPC - URC Ms Zheng Xiaowei (Non Exec) CGNPC - URC Mr Zhong Yu (Non (N Exec) E ) KangDe Mr Lindsay Dudfield (Non Exec) Mr Geoff Jones (No
Slide 9: Uranium Trading
For personal use only U i Uranium T di Trading
Slide 10: Uranium Trading
U Uranium i Trading T di For personal use only • Unique Uranium Export Permit Granted • Permit to Possess Granted • 150,000lb 150 000lb Uranium Concentrates purchased and sold in export trial to be completed by the end of April. April • Further Purchase and Sales Contracts expected.
Slide 11: Australian uranium projects map
AUSUTFQUQaQS UF@nium ~Jabiluka Danwinia eae Hanger A _ Koongarr aa N we a & a KnontHe ERN 0 § os Y " e Valhalla a | Kintyree ' “e "Angela } WESTERN AUSTRALIA a gy QUEENSLAND Lake Mason Yeelirrie sourw austaatia | / rourmig | Olympic Dam ° Beverley Ni ale xe | Honeymoon Md, NEW SOUTH’WALES Ace AS a V
Slide 12: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects Sl £27333 \ _Macallan Project | 0 100Km | Ngalia Project / “a_Yuendumu £24462 £27169 Devonian Carboniferous : Lake Lewis Undifferentiated Proterozoic x: [__] Granted tenement [_] Tenement application @ EME uranium prospect © Uranium prospect (excised) == Prospecti
Slide 13: Bigrlyi Project Mineralised Horizon and Anomalies
Bigrlyi Project Mineralised Horizon and Anomalies | | | 705 000mE 710 000mE 715 000mE Airstrip Nicker Beds ae Ti a ee N Quartzite — = Southwark Granite 10 meen, (i > ; ~ ~— Bigrlyi JV (EME 53.3%) Ka a wat grlyi J = : ~~ mA LL — — 3 —_ | = ; —— ee — \ A2 Al5 oe *~ Mineralised Horizon @ Uranium Prospe
Slide 14: For personal use only
For personal use only Photo from Google
Slide 15: Bigrlyi Project Resources
—— Bigrlyi Project Resources — ———
Slide 16: Bigrlyi June 2011 Resource
Bigrlyi June 2011 Resource* (250ppm cut off) For personal use only JORC Mt U3O8 U3O8 U3O8 V2O5 V2O5 V2O5 status ppm t Mlb ppm t Mlb Ind. 8.8 890 7,800 17.3 1,026 9,000 19.9 Inf. f 6 6.2 715 4,400 9.7 805 5,000 10.9 TOTAL 15 818 12,200 , 27 935 14,000 , 30.8 •Multiple Indicator Kriging; tonnes are me
Slide 17: Bigrlyi PFS Summary
Bigrlyi PFS Summary Summary* For personal use only • Excellent metallurgy (>95% recovery Acid leach) • Excellent geotechnical ground conditions • Total Capex Ca e Plant, Plant Mining and infrastr infrastructure ct re $270M • Total Opex $160/t • 8 year mine life • Resource increase essential to impro
Slide 18: Bigrlyi Drilling
Bigrlyi Drilling For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 19: Significant Results 2011
- Significant Results 2011 For personal use only BRD11114 49m @ 0.1% U3O8 from 80m inc 8m @ 0.28% U3O8 from 87m
Slide 20: Anomaly 4 Conceptual Mine Development
Anomaly 4 Conceptual Mine Development BRC 11049 8.15m @ 0.34% eU308 from 79.2m Ancanaly 4 Conceptual open pit Te BRC 11045 27.0m @ 0.21% eU308 from 47.8m Remodeled (2010) | Pit Outlines Underground Operations | Remodelled (2010) Pit Outlines ANOMALY 4 Drilling max ppm eU308 @ >5,000 to 100,000 ®@ 2,
Slide 21: Anomaly 15 Conceptual Mine Development
Anomaly I5 Conceptual Mine Development BRD I 1 147 11.8m @ 0.23% eU308 from 193.1m Incl. 5.51m @ 0.44% eU308 from 198.2m and 1.2m @ 0.44% eU30s from 209.0m Anomaly 15 | Conceptual open pit and Underground development }z Underground aperabOns Remodelled (201 0) Pit Outlines 19.7m @ 0.50% eU308 from 1
Slide 22: Bigrlyi, Ngalia Projects Regional Location
Bigrlyi, Ngalia Projects Regional Location a | Bigrlyi Deposit % 2. — Deposit r-——_} Yuendumu £24533 E24807 e m, ; £24453 ea K £24806 y erin Dingo's Rest £24462 @ ° A ma, woe . | Devonian Carboniferous Malawiri Deposit £24804 ; E2 ’ Camel Flat OH / Cappers Prospect — Undifferentiated Proterozoic e =
Slide 23: For personal use only
For personal use only Photo from Google
Slide 24: Anomaly East Drilling
For personal use only Anomaly 15 East Drilling
Slide 25: Anomaly 15E Drilling
Anomaly 15E. Drilling B11012 ; Bigrlyi JV 6m @ 1940ppm eU308 || B11035 y / > EME 53.7% From 60.5m 1.45m @ 315ppm eU30s From 41.2m \ | \ \ ve vonage TT QO 0 ON VS Neen ae tte CG EL24453 ~ = ") Ol [ues _ ) \] to EME 100% _ — VA ; YY B11026 \ if 1.55m @ 104ppm eU30s8 511039 / B11034 5m @ 309ppm eU308|—
Slide 26: Anomaly East Section
Anomaly 15 East Section For personal use only
Slide 27: Camel Flat Prospect
For personal use only Camel Flat Prospect
Slide 28: Camel Flat - CFD1001 (July 2010)
Camel Flat - CFD1001 (July 2010) For personal use only 27m @ 0.27% U3O8 from 93.0m 94m (incl 3.5m (incl. 3 5m @ 1.82% 1 82% U3O8 from 93 93.5m) 5m) Note – True thickness estimated at 3 – 5m
Slide 29: Camel Flat Drilling
CFRC11043 8.35m @ 763ppm eU308 From 62.0m including: 2.8m @ 2057ppm eU308 From 62.4m Camel Flat Drilling =) CFRC11052 3.2m @ 104ppm eU308 From 91m CFRC11022 4.6m @ 546ppm eU308 = From 49.9m including: 2.25m @ 933ppm eU308 From 51.7m ___| Sand Cover {| Mount Eclipse Sandstone || Vaughan Springs Quart
Slide 30: Bigrlyi, Ngalia Projects Regional Location
Bigrlyi, Ngalia Projects Regional Location “4 yp | Bigrlyi Deposit "Walbiri Deposit y, Yuendumu e £24533 £24807 e re) e PWN £24463 IN £27169 £24462 Devonian Carboniferous SL Malawiri _—— a Camel Flat | ms Cappers Prospect EN Undifferentiated Proterozoic eo [__] Granted tenement Lake Lenis \ [__] Ten
Slide 31: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects Sl £27333 \ _Macallan Project | 0 100Km | Ngalia Project / “a_Yuendumu £24462 £27169 Devonian Carboniferous : Lake Lewis Undifferentiated Proterozoic x: [__] Granted tenement [_] Tenement application @ EME uranium prospect © Uranium prospect (excised) == Prospecti
Slide 32: Macallan Radiometrics
Macallan nr Radiometrics G) «nergy Metal Siimited 10k 600000mE - 630000mE
Slide 33: For personal use only
"A “7 a Ss lool To) 20 , ; LN Nt me Ne Nee Ne el Nee Ne es SA ; A g “@ Ranger q BF NortHERN TERRITORN , Manyingee Be. a ¥ } QUEENSLAND y Lake Mason YY _ } Lakeside } Mopoke Well | VR, ny fossa r anketell 4 Olympic Dam ‘Beverley — q retha 1 d | NEW SOUTH WALES | ; cofpmrcetsice am) NW? P| victoria UP
Slide 34: What to Watch For
W t h outt ffor: Watch For personal use only • Completion of Trial Uranium Export • Uranium Trading Transactions • Exploration Updates •Bigrlyi, •Walbiri, g •Camel Flat and Regional targets g • Bigrlyi Extensional and Infill Drilling • Resource Update • Increased Chinese investor interest
Slide 35: Thank you
Thank you www.energymetals.net enquiry@energymetals.net
Slide 36: Compliance Statement
For personal use only Compliance Statement The information in this presentation is based on information compiled by Mr Paul Dunbar and Mr Lindsay Dudfield, who are both Members of The Australasian Institute of Mining and Metallurgy and The Australian Institute of Geoscientists. Mr Dunbar is a full t
Energy Metals — RIU Explorers Conference (February 2012) on 6ix