Energy Metals Ltd · ASX:EME
Energy Metals — Australian Uranium Conference 2008
25 slides from Energy Metals's conference presentation, Jul 24, 2008
Slide 1: Australian Uranium Conference - Company Presentation cover letter
Energy Metals Limited ABN 63 111 306 533 Level 2 18 Kings Park Road West Perth WA 6005 PO Box 1033 West Perth WA 6872 Western Australia Telephone: (08) 9322 6904 Facsimile: (08) 9321 7950 24 July 2008 Email: enquiry@energymetals.net For personal use only Web: www.energymetals.net Company Announcemen
Slide 2: For personal use only
For personal use only
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: Current Spot Price
For personal use only Current Spot Price US$ 64.50
Slide 5: Capital Structure
Capital Structure For personal use only Shares on Issue 117.1m Options on Issue 4.2m Shareholders 1,040 Cash (30 June 2008)* $ 7.9m Jindalee Resources 46.8m shares 40.0% Mark Scott 18.6m shares 11.7% Denison Mines 9.5m shares 8.1% *unaudited
Slide 6: EME U3O8 Spot Price vs Share Price
140 120 Spot Price US$Ilb U30g a [o>) co = > (a>] Oo (<>) N So Energy Metals (EME) U;O; Spot Price vs Share Price Uranium Spot Price seems EME Share Price — 3.00 Hr i" 2.50 $ 1) Bigrlyi (EME 53.7% (3) ee 2.00 © a 2 1.50 YY i") a] a de A 1.00.8 ve fs a 1 ’ 0.50 & LAER esource released SRS RUE ROS Ss
Slide 7: Board & Management
Board & Management | Oscar Aamodt Trish Farr Ross Kennedy Lindsay Dudfield Nick Burn
Slide 8: Australian uranium projects map
Uranium , Jabiluka Swine Bean * oe Ranger on ( PAN eo f = 'e NORTHERN TERRITORY ‘Westmoreland ) 4g ‘eValhalla \ sKintyree y) ¥ ve /ESTERN AUSTRALI | @ Angela QUEENSLAND ae i Pataca keside US Yeelirrie SOUTH AUSTRALIA Lakeside = Mopoke Well | ee ; Seta eg - “anketell -~ 1 Mulga Rock lympic Dam °® Bev
Slide 9: Ngalia Basin Deposits and Prospects
Ngalia Basin Deposits and Prospects Prospective A stratigraphy Lake Lewis Granted tenement | Tenement application @ EME uranium deposit/prospect © Uranium prospect (excised) 132°00" (=nergy Metals
Slide 10: For personal use only
alamalala E24453 (100% EME) — —__— __ (Bigrlyi JV (EME 53.7%)) 7 540 000mN \ \ 7 A ~ Mount Eclipse Sandstone \ yf ——"\ @ Mineralised Horizon - A 7 4Km @ Uranium anomaly/prospect E24453 (100% EME)
Slide 11: Bigrlyi Camp
For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 12: March 2008 Resource
March 2008 Resource For personal use only Cut off Mt U3O8 V2O5 U3O8 V2O5 kg/t kg/t kg/t Mlbs Mlbs 1.0 4.04 2.0 3.7 17.7 30.0 0.5 7.56 1.4 2.6 23.4 43.7
Slide 13: 2008 vs 2007 Resource Comparison
2008 vs 2007 Resource Comparison For personal use only (0.5kg/t U3O8 cut off) Tonnage up 68% Uranium up 64% Vanadium up 168% A4 deposit (t) up 102% A15 deposit (t) up 45% A4 + A15 = 90% of the metal
Slide 14: Bigrlyi Project JORC Compliant Resources
Bigrlyi Project JORC Compliant Resources 500ppm cut-off 50MIbs 40MIbs 7 t Resource ae <==, Saal, I I T I es - Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 05 05 06 06 06 O06 O07 O7 O07 O7 O08 O08 08 O08 EME (Snergy Metals Listing
Slide 15: Schematic Uranium/Vanadium Flowsheet
Schematic Uranium/Vanadium Flowsheet _ sicriy uRANIUM PROJECT OPEN PITS RADIOMETRIC ROM GRADE SORTER STOCKPILES PRIMARY bo ane CRUSHER SCREEN BALL MILL RADIOMETRIC SECONDARY ANALYSER CRUSHER THICKENER Extractant H202 LEACH TANKS FILTER FILTRATE CLARIFIER URANIUM Diluent SOLVENT URANIUM URANIUM EXTRA
Slide 16: Updated Scoping Study
Updated Scoping Study* For personal use only (March 2008 resource) 0.5 Mtpa plant, acid leach & SX 12 Year Mine Life (improved plant utilisation) Production: 16.2Mlbs U3O8 + 14.5Mlbs V2O5 Project Capital: $70M *U3O8 @ $US75/lb; V2O5 @ $US4/lb; A$1.00= $US0.75
Slide 17: Comparison with Initial Scoping Study
Comparison with Initial Scoping Study For personal use only Mine Life up 50% Uranium production up 93% Vanadium production up 107% Excellent scope to extend mine life
Slide 18: Bigrlyi JV
| (=nergy Metals Limited Bigrlyi JV For personal use o = (=nergy Metals
Slide 19: Ngalia Basin Deposits and Prospects
Ngalia Basin Deposits and Prospects Prospective A stratigraphy Lake Lewis Granted tenement | Tenement application @ EME uranium deposit/prospect © Uranium prospect (excised) 132°00" (=nergy Metals
Slide 20: Ngalia Regional
Ngalia Regional For personal use only Prospect Hole Intercept Camel Flat 55P 2.8m @ 0.28% eU3O8 58P 0.8m @ 0.12% eU3O8 Dingo’s Rest DIN-14 1.2m @ 0.11% U3O8 DIN-17 0.3m @ 0.19% U3O8 Bigrlyi (A15) BDD-01 No significant results BDD-02 5.24m @ 0.66% U3O8 BDD-03 No significant results (A8) BDD-04 0.14m
Slide 21: For personal use only
\ “\ 1, nengy/Metals =! Limited)
Slide 22: Discovering Energy at Bigrlyi
(=nergy Metals Limited | Discovering Energy at Bigrlyi Resources (EME 53.7%): 23.4Mlbs U308, 43.7Mlbs V205 Northern Territory supports new Uranium mines Production to commence 2011 Producing 16.2MIb U308 + 14.5Mlb V205 Conventional acid leach (low technical risk) Excellent upside - Bigriyi + 100% EM
Slide 23: Watch out for
Watch out for: For personal use only Drilling at Bigrlyi (starts August 2008) Ngalia Basin drilling this year Strategic Review (underway) Funding finalised Bigrlyi Feasibility (early 2009) Leveraged to higher U3O8 + V2O5 prices
Slide 24: For personal use only
For personal use only
Slide 25: Thank you
(nergy Metals LUmited THAR. you www.energymetals.net (i Say)