Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2022)
23 slides from Energy Metals's shareholder meeting presentation, May 27, 2022
Slide 1: Annual General Meeting 2022
For personal use only Annual General Meeting 2022 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
EME Share Price vs U3O8 Price from 2010 EME Share Uranium Price Price Au$ For personal use only US$/lb U3O8 Current EME Share Price $0.18 Japanese Current Spot Price $53 Tsunami Long Term Uranium Price $50
Slide 5: EME Capital Structure & Corporate Information
EME Capital Structure & Corporate Information Issues shares & cash on hand Directors & Management For personal use only Shares on Issue 209.7M • Mr Yusheng Cai (Non-Executive Chairman) • Mr Shuqing Xiao (Managing Director) Shareholders* 729 Cash & Bank (31 Dec • Mr Lindsay Dudfield (Non-Executive $1
Slide 6: Uranium Market Review – Uranium Price
For personal use only 100.00 110.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 0.00 US$/lbs 100 10 20 30 40 50 60 70 80 90 0 1968 Jan-10 1969 US$/lbs Apr-10 1970 Jul-10 1971 Oct-10 1972 Jan-11 1973 Apr-11 1974 Jul-11 1975 Spot Price Oct-11 1976 Jan-12 1977 Long-Term Price Apr-12 1978 Data
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 require
Slide 8: Uranium Market Review - Mine Supply
Uranium Market Review - Mine Supply Uranium supply cycles lagged behind uranium price cycles For personal use only Mine production from 2009 to 2021 in tU 3O8 • The upward supply cycle continued 80,000 tU3O8 % of world demand 94% 98% 96% 100% 93% 95% to the year of 2012 since the 75,000 91% 90% 87%
Slide 9: Uranium Market Review - Mine Supply: Global Supply Cuts
Uranium Market Review - Mine Supply Global Supply Cuts For personal use only Production curtailments have removed an estimated 77.6mlbs U 3O8 from the market since 2014 North America Cameco has removed about 30mlbs from the market Kazakhstan (CIS) Kazatomprom has limited its uranium production t
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. • The
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 2021 x25 28.26GW 52% 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: Bigrlyi Project: Potential for Resource Expansion
Bigrlyi Project: Potential for Resource Expansion Past work has shown that the economics of the Bigrlyi project can be significantly For personal use only improved by (a) an increase in the resource base, and (b) an increase in feed grade to the plant accompanying removal of acid-consuming gangue. D
Slide 15: Bigrlyi Project: Potential for Resource Expansion
Bigrlyi Project: Potential for Resource Expansion At the A2 ore body potential has been identified for resource expansion to maximum For personal use only open-pittable depths beneath existing high-grade intercepts.
Slide 16: Bigrlyi Project: Potential for Resource Expansion
Bigrlyi Project: Potential for Resource Expansion A15 ore body expansion to east – significant radiometric For personal use only anomalies lie outside the existing pit shell !
Slide 17: Bigrlyi Project: Potential to Improve Project Economics
Bigrlyi Project: Potential to Improve Project Economics Metallurgical test-work aimed at increasing feed grade to the processing plant and For personal use only rejecting acid-consuming gangue (carbonate) is in progress. • Study Includes - investigation of new ore-sorting technologies (optical & XRT
Slide 18: Ngalia Regional Projects
Ngalia Regional Projects • Twelve Uranium exploration targets have been identified & await drill-testing • Rare-Earth Element Potential identified at the Crystal Creek prospect For personal use only • Walbiri South/Anticline* Crystal Creek • Penrynth * REE Project • Carnotite Hill * • Autobahn * • D
Slide 19: Ngalia Regional Projects
Ngalia Regional Projects • Walbiri South & Anticline targets – target beds traced around folded strata For personal use only Walbiri : 7 kilotonne U3O8 resource Walbiri South target Walbiri Anticline target
Slide 20: Crystal Creek REE Project
Crystal Creek REE Project • Significant REE-in-soil anomalies (La + Ce >140ppm) associated with For personal use only ironstone dykes and quartz blows identified - open in three directions. • Historical drilling found up to 1,100 ppm La and 200 ppm Y over 1 metre intervals. • Anomalous Nd (229 ppm)
Slide 21: Plans for 2022
Plans for 2022 For personal use only Northern Territory Projects: • Bigrlyi Project focus. • Field work and site visits have resumed. • Preparation underway for revision of the Bigrlyi mineral resource estimate. • Ore beneficiation and carbonate gangue rejection metallurgical studies in progress. •
Slide 22: 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 23: 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