Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2012)
34 slides from Energy Metals's shareholder meeting presentation, May 31, 2012
Slide 1: 2012 Annual General Meeting Presentation
For personal use only 2012 Annual General Meeting Presentation Weidong Xiang 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: Australia's Uranium & EME Projects
Australia’s Uranium & EME Projects Jabiluka Bigrlyi & Ngalia — Sanange Macallan "g : Rawlinson pesnoragoorna | . \ RN. Mopoke Well Tennit ony Westmoreland QUEENSLAND NEW SOUTH WALES VICTORIA
Slide 4: Share Price and Uranium Prices
For personal use only Current EME Share Price $0.29 Current Spot Price $52.50 Long Term Uranium Price $70-73
Slide 5: Mainland China Nuclear
Mainland China Nuclear (As at 31 Dec 2011) eae 14 Operational power reactors (| 1.8GWe) 27 Under constru
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 • Net Assets US$11.1B (Jan 2012) • 6 operating nuclear power plants (6,110 (6 110 Mwe) close to HK • 15 power plants (17,540 MWe) under construction • One of on
Slide 7: Capital Structure
C it l Structure Capital St t For personal use only (current) Shares on Issue 153.8m Shareholders ≈1,000 Cash (31 March 2012) $ 23.89m 23 89m 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 Weidongg Xiangg ((Managing g g Director)) CGNPC - URC Mr Bin Cui (Finance Director) CGNPC - URC Ms Zheng Xiaowei (Non Exec) CGNPC - URC Mr Zhong Yu (Non Exec) KangDe Mr Lindsay Dudfield (Non Exec) M Geoff Mr G ff J
Slide 9: Uranium Trading
Uranium Trading 350kg Drums Minesite Treatment Plant Uranium Oxide (Yellowcake) Ship to China Transport to Port Nuclear Fuel Nuclear Power Gd oiler? Enrichment Generation
Slide 10: Uranium Trading
U Uranium i Trading T di For personal use only • Unique U i Uranium U i E Export Permit P i GGranted d • Permit to Possess Granted • 150,000lb Uranium Concentrates purchased and sold in export trial • Further Purchase and Sales Contracts expected. expected
Slide 11: Bigrlyi Project Mineralised Horizon and Anomalies
Bigrlyi Project Mineralised Horizon and Anomalies | | | 705 000mE 710 000mE 715 000mE 7545 000mN — Airstrip Nicker Beds ——— — Quartzite a — ( 4 Albinia/Mt Doree Southwark Granite 10 <—N Bigrlyi JV (EME 53.3% mp / SS Sant? 15 gums et me th a | 3 — , eT ) ine : y, ~— A2 5 7 540 O00mN = “~ Mineralised
Slide 12: For personal use only
For personal use only Photo from Google
Slide 13: Bigrlyi Project Resources
Bigrlyi Project Resources .
Slide 14: 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 15: 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 16: Bigrlyi Drilling
Bigrlyi Drilling For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 17: Bigrlyi Project Mineralised Horizon and Anomalies
Bigrlyi Project Mineralised Horizon and Anomalies | | | 705 000mE 710 000mE 715 000mE 7545 000mN — Airstrip Nicker Beds ——— — Quartzite a — ( 4 Albinia/Mt Doree Southwark Granite 10 <—N Bigrlyi JV (EME 53.3% mp / SS Sant? 15 gums et me th a | 3 — , eT ) ine : y, ~— A2 5 7 540 O00mN = “~ Mineralised
Slide 18: 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 12.80 6.15 14.15 10.30 8.90 24.00 39.85 5
Slide 19: Anomaly Conceptual Mine Development
Anomaly 4 Conceptual Mine Development , TTR sia sesatiol “s + Conceptual open pit developments { Remodelled (2010) Pit Outlines Underground Operations 2 Remodelled (2010) Pit Outlines ANOMALY 4 Drilling max ppm eU308 @ >5,000 to 100,000 @ 2,000 to 5,000 @ 1,000 to 2,000 @ 500 to 1,000 © 100 to 500 O
Slide 20: Significant Drill Results
ENORIETY 4 Significant Drill Results 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 BRC11077 49.0 15.20 0.32 BRC11081 136.0 5.65 0.50 BDD11088 = 27.7 9.05 0.59 BDD11133 ’ 13.90 0.33 BRC11138 24.15 = 0.23 0.87
Slide 21: Anomaly 5 Conceptual Mine Development
Anomaly |5 Conceptual Mine *T BRD 11147 7 | 11.8m @ 0.23% eU30s from 193.1m Incl. 5.51m @ 0.44% eU308 from 198.2m and 1.2m @ 0.44% eU30s from 209.0m Develo T nas pment Conceptual open pitand |» Underground development | Underground ‘g0% im eee Operations st oars /, 4 \ ee oe <j Remodelled (2010) — P
Slide 22: Bigrlyi, Ngalia Projects Regional Location
£24533 £24807 C4 £24806 [__] Granted tenement | Tenement application @ EME uranium prospect ®@ Uranium prospect (excised) == Prospective stratigraphy y Dingo's Rest | ; | £24804 £24805 % _ Bigrlyi Deposit | - ‘ im Walbiri Deposit " 7, ? Undifferentiated Proterozoic Bigrlyi, Ngalia Projects Regional
Slide 23: For personal use only
For personal use only Photo from Google
Slide 24: Anomaly 5E Drilling
Anomaly I5E Drilling B11012 =~") 6m @ 1940ppm ot03 | B11035 _ FIVE 63.3% From 60.5m 1.45m @ 315ppm eU30s > ° From 41.2m ~ £24453 i: = EME 100% \ B11026 \ ‘ _—| B11016 1.55m @ 104ppm eU308 511038 5 (811034 >| 5m @ 309ppm eU308}-—— | From 11.5m 1 160 U30: From 30.0m s 2.95m @ 1,089ppm e308 || rom ote,
Slide 25: Anomaly E Cross Section 716590E
Anomaly 15 E Cross Section 716590E = yy Wea Sai B11012 N 7.5m @ 146ppm eU308 | » 8.5m @ 118ppm eU308 ) S _-600mRL _ 5.5m @ 103ppm eU30s Mt Eclipse Sandstone —— : Unit B > 6m @ 1,940ppm eU308 Mt Eclipse Sandstone Unit D Grade (eU308) 100-1000ppm >1,000ppm Mt Eclipse Sandstone --500mRL i Unit D — | Sy
Slide 26: Camel Flat Prospect
For personal use only Camel Flat Prospect
Slide 27: Camel Flat Drillhole CFDI1001
Camel Flat Drillhole CFD!1001 (july 20/0) 27m @ 0.27% UsO0« from 93.0m (incl. 3.5m @ 1.82% U308 from 93.5m) fe a x Note - True thickness estimated: 3 - 5m ““ietalsn2
Slide 28: Camel Flat Drilling
Camel Flat Drilling CFRC11043 | 8.35m @ 763ppm eU308 /_| From 62.0m Including: CFRC11052 | 2.8m @ 2057ppm eU308 | | 3.2m @ 104ppm eU308 Sp From 62.4m From 91m | S CFRC11036 | 1.45m @ 130ppm eU308 From 27.7m | CAMEL FLAT DRILLING | Max eU308 i t : Max eU30s intercept CFRC11022 in drill hole (ppm in d
Slide 29: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects £27333 N ‘ N -Macallan Project | SERGE eg) = es _Ngalia Project | i easich af | : i 1a : Cy e24806 £27169 oe % Eue2 @ YN) | E204 sa Devonian Carboniferous a. : : ~ —— Ne oN : aS Lake ite Undifferentiated Proterozoic [__] Granted tenement Tenement application @ EME
Slide 30: Macallan Radiometrics
Macallan nr Radiometrics GP nergy 10km 600000mE ; 630000mE y |
Slide 31: Australia's Uranium & EME Projects
Australia’s Uranium & EME Projects Jabiluka Bigrlyi & Ngalia — Sanange Macallan "g : Rawlinson pesnoragoorna | . \ RN. Mopoke Well Tennit ony Westmoreland QUEENSLAND NEW SOUTH WALES VICTORIA
Slide 32: 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 g y Extensional and Infill •Bigrlyi f Drillingg
Slide 33: Thank you
Thank you www.energymetals.net enquiry@energymetals.net
Slide 34: 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