Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2020)
24 slides from Energy Metals's shareholder meeting presentation, May 22, 2020
Slide 1: Annual General Meeting 2020
For personal use only Annual General Meeting 2020 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: Australia's Uranium
Australia’s Uranium Jabiluka . . . Darwine Nee Bigrlyi & Ngalia conga Macallan | Mopoke Well 0 Bagooma ., Lake Mason Nokyeet Westmoreland oValhalla Anketell Manyingee__p —_ eange - anyingee QUEENSLAND Lakeside ERIN AUSTRALIA o|Wiluna Lake Maitland SOUTH AUSTRALIA i 6 Four mie } » Yeelirri Olympic Da
Slide 4: Energy Metals Share Price vs U3O8 Spot Price from 2010
Energy Metals Share Price vs U3O8 Spot Price from 2010 EME Share Uranium Price Price Au$ For personal use only US$/lb U3O8 Current EME Share Price $0.125 Japanese Current Spot Price $33.25 Tsunami Long Term Uranium Price $36.00
Slide 5: Capital Structure
Energy Metals Limited For personal use only Capital Structure Shares on Issue 209.7M Shareholders 619 Cash & Bank (31 Dec 2019) $17.21M 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 6: EME Directors & Management
For personal use only EME Directors & Management Mr Fei He Non-Executive Chairman Mr Shuqing Xiao Managing Director Mr Lindsay Dudfield Non-Executive Director Ms Jan Macpherson Non-Executive Director Mr Zhe Gao Non-Executive Director Ms Junmei Xu Non-Executive Director Mr Zhe Xu Non-Executive Direct
Slide 7: Strong Demands in the Uranium Market
Strong Demands in the Uranium Market ➢ Certain and strong demands from nuclear reactors: Uranium consumption has returned to pre-2011 levels. For personal use only ➢ More reactors to be built in Asia and the Middle East: 5 new reactors began commercial operation in 2019 and 53 reactors are under con
Slide 8: Supply Is Not Guaranteed and Will Change the Market
Supply Is Not Guaranteed and Will Change the Market ➢ Significant mine supply cuts in recent years: ➢ Interest in long-term contracting increased For personal use only McArthur River (18Mlbs), Kazatomprom (20% compared to 2018 but there is still a large reduction from planned production volumes), am
Slide 9: The Covid-19 Pandemic May Accelerate the Transition of Uranium Market
The Covid-19 Pandemic May Accelerate the Transition of Uranium Market For personal use only ➢ The COVID-19 has disrupted global uranium production and the duration and extent of these disruptions are still unknown. • Cameco suspended the uranium production at the Cigar Lake mine with an annual produ
Slide 10: About CGN (China General Nuclear Power Corporation)
About CGN (China General Nuclear Power Corporation) Nuclear power business: For personal use only Largest in China, leading in the world As of the end of December 2019 x24 27.14GW 56% domestically Units in operation: remains No.1 domestically, enters top 3 globally x5 5.78GW 42% domestically South C
Slide 11: About CGN (China General Nuclear Power Corporation)
About CGN (China General Nuclear Power Corporation) Nuclear Power business For personal use only Wind power Yang Jiang Daya Bay Ning De Ling Ao Fang Cheng Gang
Slide 12: Northern Territory Projects
Northern Territory Projects. Darwin m f] ! if /! NORTHERN Y fi eed | TERRITORY Sy) f Hf J Macallan / “e Bigrlyi & Ngali 0 500km igrlyi & Ngalia meu 5S T OR A Sie Metalsn2
Slide 13: Northern Territory Projects
For personal use only NORTHERN TERRITORY PROJECTS
Slide 14: Bigrlyi Joint Venture Project
Bigrlyi Joint Venture Project ➢ EME’s flagship project is the sandstone- For personal use only hosted Bigrlyi Uranium-Vanadium Deposit. ➢ The Anomaly-4 and Anomaly-15 deposits were the focus of past resource drilling. ➢ A prefeasibility study was completed in March 2011. ➢ Development work was suspe
Slide 15: Bigrlyi Joint Venture Project – 2019 Update
Bigrlyi Joint Venture Project – 2019 Update ➢ Marenica Energy Ltd (MEY) becomes new partner with 20.8% stake in the Bigrlyi JV. For personal use only ➢ Uranium spot price shows improvement but vanadium price just above historical averages for 2019-2020 period. ➢ 2019 focus on vanadium resources and
Slide 16: Reassessment of Bigrlyi Vanadium Deposit Model Completed
Reassessment of Bigrlyi Vanadium Deposit Model Completed For personal use only New Vanadium ‘Leapfrog’ 3D Model A7-9 A15 A4 A2 N Previous resource models were constrained by uranium cut-off grades – but significant parts of the deposit are vanadium-rich yet uranium-poor and outside the current model
Slide 17: Anomaly 7-to-9 corridor found to host over 30% of Bigrlyi Vanadium
Anomaly 7-to-9 corridor found to host over 30% of Bigrlyi Vanadium For personal use only Anomaly 7 to 9 N Leapfrog model showing V2O5 distribution on digital terrain
Slide 18: Metallurgical Test-work Results
Metallurgical Test-work Results Conventional acid leach tests at 50% slurry density were conducted under varying conditions at ANSTO Laboratories, Sydney. For personal use only ➢ The extraction of vanadium varied as a function of pH and temperature with particular sensitivity to pH ➢ Conditions of p
Slide 19: Ngalia Regional Project
Ngalia Regional Project The 2019 exploration program focused on geophysical targeting of undercover uranium mineralisation utilising aerial electromagnetic (AEM) survey data. For personal use only Interpretative results of an AEM in-fill survey over the eastern Ngalia Basin, conducted in conjunction
Slide 20: AEM Survey Results
AEM Survey Results Conductivity-depth sections known as LEIs or ‘layered earth inversions’ have revealed useful For personal use only details of the sub-surface geology allowing mapping of conductive Cenozoic palaeochannels as well as highlighting some deeper conductive units of the underlying the N
Slide 21: Tenement Optimisation – Northern Territory
For personal use only Tenement Optimisation – Northern Territory Following the project review, EME’s Ngalia Regional tenements were re- organised with approval from the NT DPIR received during the year. Cost savings in expenditure commitments & rent were achieved.
Slide 22: 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 23: Plans for 2020
Plans for 2020 For personal use only Northern Territory Projects: • Bigrlyi Project focus. • Field work and field visits currently suspended but desk-top studies to proceed. • Re-modelling of uranium and vanadium mineralisation at Bigrlyi in preparation for revision of the mineral resource estimate.
Slide 24: 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