Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2018)
28 slides from Energy Metals's shareholder meeting presentation, May 16, 2018
Slide 1: Annual General Meeting 2018
For personal use only Annual General Meeting 2018 Dr 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
Australia’s Uranium Jabiluka i H 4 Darwine ee mo, Bigrlyi & Ngalia Fadi: ms Macallan : Mopoke Wells 0Bagooma , We Westmoreland Lake Mason TERRITORY Valhalla Anketell : Kintyre Manyingee r) ‘7 one i. i — QUEENSLAND Lakeside ElRIN AUSTRALIA o|Wiluna Lake Maitland SOUTH AUSTRALIA f ° Four Mills » Yeeli
Slide 4: Energy Metals Share Price vs. U3O8 Spot Price from 2010
Energy Metals Share Price VS. U3O8 Spot Price from 2010 Spot Price EME Share For personal use only US$/lb U3O8 Price Au$ Current EME Share Price 0.10 Current Spot Price $21.00 Long Term Uranium Price $29.00
Slide 5: Uranium supply cut by major producers
Uranium supply cut by major producers For personal use only On 8th Nov 2017, Cameco, one of the largest uranium producers in the world, announced that due to continued uranium price weakness, production from the McArthur River mining and Key Lake milling operations in northern Saskatchewan will be
Slide 6: Capital Structure
Energy Metals Limited For personal use only Capital Structure Shares on Issue 209.7M Shareholders 656 Cash & Bank (31 Dec 2017) $19.8M Major Shareholders China Uranium Development Company Ltd 139.3m 66.45% KangDe Investment Group 26.5m 12.66% Jindalee Resources Limited 14.0m 6.69%
Slide 7: EME Directors & Management
For personal use only EME Directors & Management Mr Yusheng Cai Non-Executive Chairman Dr Weidong Xiang Managing Director Mr Lindsay Dudfield Non-Executive Director Ms Jan Macpherson Non-Executive Director Mr Yu Zhong Non-Executive Director Ms Junmei Xu Non-Executive Director Mr Zimin Zhang Non-Exec
Slide 8: Clean Energy Targets in China
Clean Energy Targets in China For personal use only By 2020 CO2 emissions per unit of GDP will be reduced by 40 ~45% from the Non-fossil energy will 2005 level account for 15% of total primary energy consumption In 2015 the ratio was 11.9% • By 2030 CO2 emissions will peak and the share of non-fossi
Slide 9: About CGN (China General Nuclear Power Corporation)
About CGN (China General Nuclear Power Corporation) CGN: a leading clean energy supplier and service provider For personal use only As of the end of 2017 x20 21.47GW 60% domestically Units in operation: remains first domestically, enters top 5 globally 25% Hongkong Electricity Supply from x8 10.27GW
Slide 10: About CGN
About CGN Environmental benefits： make our sky clearer and water cleaner For personal use only Reduced consumption of In 2016, the net power standard coal by about 57.28 million tons generation of CGN was 178.8 TWh CO2 = Reduction of CO2 emission by about 139.85 million tons SO2 Equivalent to a fore
Slide 11: Northern Territory Projects
Northern Territory Projects. Darwin NORTHERN Y fi pad | TERRITORY l a, Macallan ®. ae oe Bigrlyi & Ngalia meu 5S T R A Uae Metals.n2
Slide 12: Northern Territory Projects
For personal use only NORTHERN TERRITORY PROJECTS
Slide 13: Bigrlyi Joint Venture Project
Bigrlyi Joint Venture Project For personal use only Several drilling programs, concentrating mostly on the Anomaly 4 and Anomaly 15 deposits, were completed at Bigrlyi in the period from 2006 to 2011 with most holes intersecting significant uranium mineralisation. Uranium and vanadium resource est
Slide 14: Bigrlyi Joint Venture Project
Bigrlyi Joint Venture Project For personal use only Due to current uranium market conditions, the Bigrlyi project is operating on a minimum budget. Bigrlyi camp infrastructure remains on ‘care and maintenance’ with regular site visits. The camp bulk fuel storage system was upgraded during the
Slide 15: Ngalia Regional Project
Ngalia Regional Project The 2017 exploration program focused on geophysical targeting of undercover For personal use only uranium mineralisation utilising aerial electromagnetic (AEM) and induced polarisation (IP) survey methods. In mid-2017 an AEM survey was flown over parts of EL24453 and EL31098
Slide 16: IP Surveys 2017
IP Surveys 2017 Gradient-array (GA-IP) and pole-dipole (PD-IP) induced polarisation surveys For personal use only over three key western Ngalia Basin prospect areas were completed in 2017. The method targets buried, reduced, pyrite-bearing beds (chargeable beds) that are prospective for Bigrlyi-styl
Slide 17: Dingos Rest GA-IP Survey
Dingos Rest GA-IP Survey For personal use only A strong chargeable anomaly was detected in a tightly folded nose of an interpreted syncline located to the south of known surface mineralisation
Slide 18: Yuendumu Thrust West PD-IP Survey
For personal use only Yuendumu Thrust West PD-IP Survey The main thrust fault was located together with a chargeable anomaly suggestive of Camel Flat style mineralisation
Slide 19: Walbiri South GA-IP Survey
Walbiri South GA-IP Survey The target unit was found not to extend onto the southern limb of the For personal use only Mt Eclipse Anticline as predicted but prospective beds were found to be concentrated just north of the axial plane of the fold
Slide 20: Malawiri Project
Malawiri Project The Malawiri deposit, discovered in 1980, is located in the eastern Ngalia Basin. The For personal use only deposit is similar in style to Bigrlyi but located undercover. Significant historical intercepts include: 12.1m at 3,409 ppm eU3O8 from 164.6m in GCRD9, and 11.9m at 946 ppm e
Slide 21: Malawiri Drillhole MARD004
Malawiri Drillhole MARD004 For personal use only In 2016 EME confirmed previous results with the drilling of hole MARD004 A new high-grade lens was discovered at depth: 8.1m at 1,789 ppm eU3O8 from 222.0m …including 2.0m at 0.62% eU3O8 from 225.5m
Slide 22: Malawiri Uranium Mineralisation Modelling
Malawiri Uranium Mineralisation Modelling Mineralised domains and unconformity surfaces were modelled from 25 modern and historical exploration drill-holes For personal use only
Slide 23: Malawiri Project Resource Estimate
Malawiri Project Resource Estimate For personal use only A review of drilling results demonstrated sufficient continuity of mineralisation to enable the estimation of an initial mineral resource. On 14th December 2017 EME announced an initial JORC Mineral Resource Estimate of 542 tonnes U3O8 for a 1
Slide 24: Retention of WA Uranium Projects
Retention of WA Uranium Projects For personal use only EME has four calcrete-style uranium projects in WA: Lakeside, Lake Mason, Anketell & Mopoke Well and one palaeochannel-hosted roll-front deposit located at Manyingee. JORC-reported Mineral Resource Estimates have now been announced for all E
Slide 25: Tenement Optimisation – Northern Territory
Tenement Optimisation – Northern Territory For personal use only Following an annual project review, EME’s Ngalia Regional tenements were re-organised: including surrender of low prospectivity blocks, application for retention licences over resource areas, and amalgamation of adjacent titles. The pl
Slide 26: Sacred Site Clearance – Northern Territory
Sacred Site Clearance – Northern Territory For personal use only In late 2017 EME received four Authority Certificates from the Aboriginal Areas Protection Authority (AAPA), the NT Government agency responsible for sacred site and heritage clearances. The certificates followed site clearance surveys
Slide 27: Plans for 2018
Plans for 2018 For personal use only Northern Territory Projects: Exploration Database Audit and Upgrade; AEM Survey Interpretation & Targeting – Eastern Ngalia; Ngalia Basin Uranium-Vanadium Deposits Research Program in co-operation with CSIRO; Ngalia Regional Future Drill Program Planning;
Slide 28: 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