Energy Metals Ltd · ASX:EME
Energy Metals — Australian Uranium Conference 2012
31 slides from Energy Metals's conference presentation, Jul 18, 2012
Slide 1: Australian Uranium Conference, Fremantle – July 2012
For personal use only Australian Uranium Conference Fremantle – July 2012 Weidong Xiang Managing Director
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Energy Metals Limited (“Energy Metals or EME”). The information For personal use only 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: Share Price and Uranium Prices
For personal use only Current EME Share Price $0.22 Current Spot Price $52.50 Long Term Uranium Price $70-73
Slide 4: Mainland China Nuclear
Mainland China Nuclear (As at 31 Dec 2011)
Slide 5: CGNPC
CGNPC For personal use only (China Guangdong Nuclear Power Holding Co. Ltd) • Clean energy group (established 1994) • Total assets 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 only 2 Ch
Slide 6: Capital Structure (current)
Capital Structure (current) For personal use only Shares on Issue 153.8m Shareholders ≈1,000 Cash (31 March 2012) $ 23.89m CGNPC 93.1m shares 60.6% KangDe 19.5m shares 12.7% Jindalee 14.0m shares 9.1%
Slide 7: Highly Experienced Board
Highly Experienced Board For personal use only Mr Zuyuan He (Chairman) CGNPC - URC Dr Weidong Xiang (Managing Director) CGNPC - URC Dr Xinjian Peng (Non Exec) CGNPC - URC Ms Yunfei Jin (Non Exec) CGNPC - URC Mr Zhong Yu (Non Exec) KangDe Mr Lindsay Dudfield (Non Exec) Mr Geoff Jones (Non Exec) Xueku
Slide 8: Uranium Trading
Uranium Trading 350kg Drums mgigi ¥ : Minesite Treatment Plant Uranium Oxide (Yellowcake) Ship to China Transport to Port aif all ) Nuclear Fuel Nuclear Power G2 peray Enrichment Generation
Slide 9: Uranium Trading
Uranium Trading For personal use only • Unique Uranium Export Permit Granted • Permit to Possess Granted • 150,000lb Uranium Concentrates purchased and sold in export trial • Further Purchase and Sales Contracts expected.
Slide 10: Australia's Uranium & EME Projects
Australia’s Uranium & EME Projects Jabiluka Bigrlyi & Ngalia Darwin Lo Ranges Koongarra Macallan Rawlinson © Oobagooma . y NIORTHERN Mopoke Well = Perrroy Westmoreland oValhalla Lake Mason | i oKintyre Manyingee a ty oan anyingee QUEENSLAND Anketell een AUSTRALIA F Lake Wa Lakeside 51 Lake ES iland
Slide 11: Bigrlyi, Ngalia Projects Regional Location
Bigrlyi, Ngalia Projects Regional Location Nal_Yuendumu PN £24462 . Pe Devonian Carboniferous E27169 Undifferentiated Proterozoic [__] Granted tenement Lake Lenis [__] Tenement application @ EME uranium prospect @ Uranium prospect (excised) 0 \ 100Km
Slide 12: Bigrlyi Project Mineralised Horizon and Anomalies
Bigrlyi Project Mineralised Horizon and Anomalies | | 705 000mE 710 000mE 7545 000mN. — Airstrip Nicker Beds a oe ( Quartzite | 715 000mE ————— Seuthwark Granite *~ Mineralised Horizon @ Uranium Prospect «> Uranium Prospect CYT « WetaeergY ana m. if, | E24453
Slide 13: 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. 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 metric (22
Slide 14: Bigrlyi PFS Summary
Bigrlyi PFS Summary* For personal use only • Excellent metallurgy (>95% recovery Acid leach) • Excellent geotechnical ground conditions • Total Capex Plant, Mining and infrastructure $270M • Total Opex $160/t • 8 year mine life • Resource increase essential to improve Economics • Feasibility Studies
Slide 15: Bigrlyi Drilling
Bigrlyi Drilling For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 16: Bigrlyi Project Anomaly A2 Significant Drilling Results
Bigrlyi Project ANOMALY A2 Significant Drilling Results 201 | Hole Number BDD11093 BDD11098 BRC11102 BRC11104 BRC11108 BRC11109 BRC11111 BRC11112 BRC11114 From 39.1 53.8 112.3 50.4 83.5 31.6 76.9 52.4 74.3 To 59.8 66.6 118.5 64.6 93.8 40.5 100.9 92.3 124.7 Interval (m) eU;0; % 20.75 12.80 6.15 14.15
Slide 17: Anomaly Conceptual Mine Development
Anomaly 4 Conceptual Mine Development | Anomaly 4 ‘ 5) Conceptual open pit | PSD 3 pte gevstopinents Hole Number From Interval (m) eU,0;% | BRC11045 47.8 27.00 0.21 BRC11049 79.2 8.15 0.34 BRD11051 516.6 6.15 0.50 : 519.6 2.25 1.34 Underground } fe Operations : BRC11077 = 49.0 15.20 0.32 (ar : ‘ BRC
Slide 18: Anomaly Conceptual Mine Development
Anomaly 15 Conceptual Mine Development << aT ETE SF AT TES RNY BRD 11147 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 BRD II115 19.7m @ 0.50% eU308 from 1.0m Incl. 10.25m @ 0.93%
Slide 19: Bigrlyi, Ngalia Projects Regional Location
Bigrlyi, Ngalia Projects Regional Location Nal_Yuendumu PN £24462 . Pe Devonian Carboniferous E27169 Undifferentiated Proterozoic [__] Granted tenement Lake Lenis [__] Tenement application @ EME uranium prospect @ Uranium prospect (excised) 0 \ 100Km
Slide 20: Photo from Google
For personal use only Photo from Google
Slide 21: Anomaly E Drilling
Anomaly I5E_ Drilling B11012 3 | BigrlyiJV 6m @ 1940ppm eU30s |) B11035 ~ EME 53.3% From 60.5m 1.45m @ 315ppm eU30s From 41.2m \ EL24453 ‘) 100% eCTIVE Hi 98 IE wot pRosrece —L_ \ \ B11026 B11016 1.55m @ 104ppm eU308 ——| From 11.5m B11034 5m @ 309ppm eU308 B11039 From 30.0m 1m @ 160ppm eU308 2.95m @
Slide 22: Anomaly E Cross Section 716590E
Anomaly 15 E Cross Section 716590E i _ B01 soil B11012, Ye 8.5m @ 118ppm eU308 } S Mt Eclipse Sandstone Unit B Y ay_6m @ 1,940ppm eU308 } Mt Eclipse Sandstone Unit D Grade (eU308) |, 100-1000ppm >1,000ppm Mt Eclipse Sandstone _SG0mRL Y Unit D ) = Srp ee 7541400mN 7541300mN er Metals ergy
Slide 23: Camel Flat Prospect
For personal use only Camel Flat Prospect
Slide 24: Camel Flat Drillhole CFD1001
Camel Flat Drillhole CFD1001 (july 20/0) 27m @ 0.27% U30s from 93.0m (incl. 3.5m @ 1.82% U3O8 from 93.5m) Re GS, Note - True thickness estimated: 3 - 5m Metalsn2”
Slide 25: Camel Flat Drilling
Camel Flat Drilling T = “= Max eU308 intercept ° in drill hole (ppm i * 7 e > 1000 & e 500 - 1000 5 ° ‘ ~ 5 x\ @ 100 sae 500 iS oe SF se ES 5 <100 - So. & £ & S SF Cig F SS § Fs ae a6 é § o 9 ft eo © SC © ee © © @o ° SC oF F Z 0 100m fF 2010 Drilling | Prospective Unit CES I GZ (snergy ~~ __ Interpr
Slide 26: Bigrlyi, Ngalia & Macallan Projects
el £27333 Bigrlyi, Ngalia & Macallan Projects 0 100Km | Macallan Project } £27169 £24462 Devonian Carboniferous Undifferentiated Proterozoic [__] Granted tenement [__] Tenement application @ EME uranium prospect @ Uranium prospect (excised) == Prospective stratigraphy
Slide 27: Macallan NT Radiometrics
Mac all an NT Radiometrics YP energy Sr 600000mEN
Slide 28: Australia's Uranium & EME Projects
Australia’s Uranium & EME Projects Jabiluka Bigrlyi & Ngalia Darwin Lo Ranges Koongarra Macallan Rawlinson © Oobagooma . y NIORTHERN Mopoke Well = Perrroy Westmoreland oValhalla Lake Mason | i oKintyre Manyingee a ty oan anyingee QUEENSLAND Anketell een AUSTRALIA F Lake Wa Lakeside 51 Lake ES iland
Slide 29: Watch out for:
Watch out for: For personal use only • Completion of Trial Uranium Export • Uranium Trading Transactions • Exploration Updates • Bigrlyi, • Camel Flat and Regional Targets • Updated Bigrlyi Resource and Pit Optimisation •Bigrlyi Extensional and Infill Drilling
Slide 30: Thank you
For personal use only er Meta Ig orgy = & dae . fire e ee: Thank you www.energymetals.net enquiry@energymetals.net
Slide 31: 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