Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2021)
20 slides from Energy Metals's shareholder meeting presentation, May 28, 2021
Slide 1: Annual General Meeting 2021
For personal use only Annual General Meeting 2021 Shuqing Xiao Managing Director
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: 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
For personal use only 0.00 0.50 1.00 1.50 2.00 Jan-10 Price Au$ Apr-10 EME Share Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Tsunami Japanese Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17
Slide 5: EME Capital Structure & Corporate Information
EME Capital Structure & Corporate Information Issues shares & cash on hand Directors & Management For personal use only • Mr Fei He (Non-Executive Chairman) Shares on Issue 209.7M Shareholders* 632 • Mr Shuqing Xiao (Managing Director) Cash & Bank (31 Dec • Mr Lindsay Dudfield (Non-Executive $16.26M
Slide 6: Uranium Market Review – Uranium Price
Uranium Market Review – Uranium Price Uranium spot price is still at a low level and 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 For personal use only • Uranium consumption has returned to pre-2011 levels. • More reactors to be built in Asia and the Middle East with 52 reactors under construction and more planned reactors. • Uranium requirem
Slide 8: Uranium Market Review - Mine Supply
Uranium Market Review - Mine Supply Uranium supply cycles lagged behind uranium price cycles For personal use only • The supply upward cycle continued to the year of 2012 since the Fukushima in 2011 • The change of supply cycle from the upward to downward happened in 2016. • Now it is in the supply
Slide 9: Uranium Market Review - Mine Supply: Global Supply Cuts
Uranium Market Review - Mine Supply Global Supply Cuts For personal use only Producers have been taking self-help measures • 47Mlbs supply reduction from major uranium mines since 2016 • 14Mlbs supply cannot recover due to production ceased or shutdown (Rabbit Lake, Cominak and Ranger) Data source:
Slide 10: Uranium Market Outlook
Uranium Market Outlook Another uranium price upward cycle is approaching For personal use only • Uranium requirements will grows steadily with cumulative uncovered requirements of about 1.4 billion pounds to the end of 2035. • Uranium supply is still in the downward cycle and it will continue. • Ura
Slide 11: Strong Shareholder Support – CGN URC
Strong Shareholder Support – CGN URC CGN Uranium Resources Co., Ltd (CGN-URC) is a wholly owned For personal use only subsidiary of CGN, the largest nuclear utility in China As of the end of December 2020 x24 27.14GW 56% domestically Units in operation: remains No.1 domestically, enters top 3 global
Slide 12: Northern Territory projects
Northern Territory projects For personal use only 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%) For personal use only • EME’s flagship project is the sandstone-hosted Bigrlyi Uranium-Vanadium Deposit. • A prefeasibility study was completed in 2011 with key parts being progressively updated.
Slide 14: Northern Territory Projects – Bigrlyi Modelling
For personal use only Northern Territory Projects – Bigrlyi Modelling During the year, the mineralisation model for uranium along the Anomaly-4 to Anomaly-9 trend was updated including construction of new uranium wireframes.
Slide 15: Northern Territory Projects – Bigrlyi Mining Study
Northern Territory Projects – Bigrlyi Mining Study For personal use only The technical and economic advantages of an open-pit-only mining operation at Bigrlyi were investigated with development of improved open pit designs aimed at maximising the proportion of mineable resources within geotechnical
Slide 16: Northern Territory Projects – Bigrlyi Deposit Model
Northern Territory Projects – Bigrlyi Deposit Model A new geological model was For personal use only developed for the Bigrlyi deposit which belongs to the Saltwash- type of tabular sandstone-hosted U-V deposit commonly found in the Colorado Plateau of USA. Uranium and vanadium mineralisation at Big
Slide 17: Ngalia Regional exploration targets await drill-testing
Northern Territory projects – Ngalia Regional 12 exploration targets have been identified and await drill-testing For personal use only • Walbiri South* • Penrynth * • Carnotite Hill * • Autobahn * • Dingos Rest South * • Cappers area palaeochannels (off map to the east) • Patmungala * • Dingos Rest
Slide 18: Plans for 2021
Plans for 2021 For personal use only Northern Territory Projects: • Bigrlyi Project focus. • Field work and site visits have resumed following 2020 suspension. • Re-modelling of uranium and vanadium mineralisation at Bigrlyi is on-going in preparation for revision of the mineral resource estimate. •
Slide 19: For more information
For personal use only ASX:EME For more information: Phone: +61 8 9322 6904 Email: enquiry@energymetals.net Web: www.energymetals.net
Slide 20: Competent Persons’ Statement
Competent Persons’ Statement For personal use only The information in this report relating to mineral resource estimates for the Bigrlyi Deposit is based on information compiled by Arnold van der Heyden BSc, who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM). Mr van der