Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2015)
28 slides from Energy Metals's shareholder meeting presentation, May 29, 2015
Slide 1: Annual General Meeting 2015
For personal use only Annual General Meeting 2015 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 . . . Darwine : Ranger Bigrlyi & Ngalia Raat a Macallan . Mopoke Well SS Baga leruceeilme Westmoreland Lake Mason ye oValhalla Anketell Manyingee e a © Angel | . anyingee | — QUEENSLAND Lakeside WESTEIRIN AUSTRALIA o|Lake Way | Lake Maitland SOUTH AUSTRALIA f Four ile »
Slide 4: Energy Metals Share Price vs U3O8 Spot Price from 2010
Energy Metals Share Price vs U3O8 Spot Price from 2010 EME Share Price For personal use only Uranium Spot Price EME Share Spot Price Price Au$ Long Term Uranium Price (UXC) US$/lb U3O8 2.00 100 Current EME Share Price $0.135 Japanese Current Spot Price $35.25 Tsunami Long Term Uranium Price $49.00 1
Slide 5: Capital Structure
Energy Metals Limited For personal use only Capital Structure Shares on Issue 209.7m Shareholders 704 Cash & Bank (31 Dec 2014) $23.1m Major Shareholders China Uranium Development Company Ltd 139.3m 66.45% KangDe Investment Group 26.5m 12.66% Jindalee Resources Limited 14.0m 6.69%
Slide 6: Energy Metals Financial Position (Ended December 2014)
Energy Metals Financial Position (Ended 31 December 2014) Au$ CURRENT ASSETS For personal use only Cash and cash equivalents 11,609,364 Term deposit 11,307,540 Trade and other receivables 232,579 Total Current Assets 23,149,483 NON-CURRENT ASSETS Receivables 143,910 Property, plant and equipment 405
Slide 7: EME Directors & Management
For personal use only EME Directors & Management Mr Zuyuan He Chairman Dr Weidong Xiang Managing Director Mr Lindsay George Dudfield Non-Executive Director Mr Geoffrey Michael Jones Non-Executive Director Mr Yu Zhong Non-Executive Director Mr Jianhua Xing Non-Executive Director Mr Zimin Zhang Non-Ex
Slide 8: CGN (China General Nuclear Power Group)
CGN (China General Nuclear Power Group) For personal use only Clean energy group (established 1994) Gross assets RMB390B (US$63B) Net assets RMB120B (US$19B) 11 operating nuclear generating units(11.62GWe) 13 other nuclear generating units under construction (15.50GWe) 6,900 MWe installe
Slide 9: CGN－Nuclear Power
CGN－Nuclear Power 11 units in operation, with a total installed capacity of 11,620 MWe For personal use only 13 units under construction, with a total capacity of 15,500 Mwe ● in operation GNPS LNPS Phase I LNPS Phase II Unit 1、2 of Ningde NPP Phase I Liaoning Unit 1 、2of Hongyanhe NPP Phase I U
Slide 10: Northern Territory Projects
Northern Territory Projects. Darwin m l ) ip NORTHERN V fd pay | TERRITORY Ay i VY Macallan ly “e Bigrlyi & Ngali 0 500km igrlyi & Ngalia meu 5 T R A Ue Metalsn2
Slide 11: Macallan Project
800 000mE ee £27333 I Macallan Project 700 000mE 7 600 000mN 50Km A15 East — be 7500 000mN [| Granted tenement [__] Tenement application e EME uranium prospect Undifferentiated Proterozoic © Uranium prospect (excised) “= Prospective stratigraphy Lake Lewis Discovering Vy Clean Energy N Metalsn2”
Slide 12: Bigrlyi Joint Venture Project
Bigrlyi Joint Venture Project Several drilling programs, For personal use only 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 13: Bigrlyi Joint Venture Project
For personal use only Bigrlyi Joint Venture Project A Pre-Feasibility Study completed in mid-2011. A substantial increase in the resource base would positively impact the economics of the Bigrlyi project. In addition, a program to investigate and verify the uranium resource potential of prospe
Slide 14: 2014 Exploration Activities in the Ngalia Project Area
2014 Exploration Activities in the Ngalia Project Area For personal use only In February 2014, maiden JORC-compliant resource estimates, totalling 626 tonnes U3O8, were released for three Bigrlyi satellite deposits: Cut-off Resource Tonnes U3O8 U3O8 Deposit U3O8 Category ('000t) (ppm) (tonnes) (ppm)
Slide 15: 2014 Exploration Activities in the Ngalia Project Area: Geophysical Survey
2014 Exploration Activities in the Ngalia Project Area Geophysical Survey Areas of the Ngalia Basin show intense folding of Mt Eclipse Sandstone beds resulting in For personal use only possible structural repetition of mineralisation in buried deposits along strike from existing prospects. To enable
Slide 16: Walbiri South Target
2014 Exploration Activities in the Ngalia Project Area Walbiri South Target Based on the geophysical survey, a new geological model has been developed for the Walbiri For personal use only area allowing prospective beds to be traced around fold axes to the south. Known Walbiri Mineralisation New Tar
Slide 17: Geophysical & Biogeochemical Survey - Malawiri
2014 Exploration Activities in the Ngalia Project Area Geophysical & Biogeochemical Survey - Malawiri Combined deep-sensing magnetic imagery and a biogeochemical survey to detect buried For personal use only uranium has led to development of a new geological model for buried uranium mineralisation i
Slide 18: New Malawiri Geological Cross-Section
2014 Exploration Activities in the Ngalia Project Area New Malawiri Geological Cross-Section For personal use only Deep-sensing magnetic imagery suggests prospective sandstone in the Malawiri area is repeated in a series of synclines allowing identification of many new target zones. Malawiri Deposit
Slide 19: 2014 Ore Minerals Study
2014 Ore Minerals Study Studies of ore mineral textures in key deposits show that uranium minerals For personal use only commonly replace earlier-formed pyrite as this example from Walbiri shows.
Slide 20: Western Australian Projects
Western Australian Projects. DS > a ‘ Rare tian e (ie Tae leaps, inte WESTERN £2) AUSTRALIA 4 s ~_ ©@ Manyingee J > m Newman y 4 mUSTRALIA \ . Clakesides> Lake Mason Anketell® — © Mopoke Well m Kalgoorlie r Metals.i2Y
Slide 21: Lakeside Project – Resource Estimate
For personal use only Lakeside Project – Resource Estimate An updated JORC (2012) resource estimate was undertaken for the Lakeside Deposit. The inferred JORC resource estimate totalled 960 tonnes U3O8 at an average grade of 350ppm eU3O8 (200ppm cut-off).
Slide 22: Lakeside Project – Resource Estimate
Lakeside Project – Resource Estimate • Mineralisation is distributed For personal use only in three different domains which are interpreted as separate palaeochannels: North, Central & South. • The Central Palaeochannel holds 75% of the resource at 200ppm U3O8 cut-off. • Energy Metals’ total uranium
Slide 23: Manyingee Exploration Potential
Manyingee Exploration Potential: Manyingee For personal use only Significant uranium intercepts were encountered in 2012 drilling of the palaeochannel East Prospect upstream of Paladin’s Manyingee Uranium Deposit 2014 drilling program: A small rotary mud drilling program (18 holes for a total of
Slide 24: Manyingee East Prospect: drilling results
Manyingee East Prospect: For personal use only drilling results • Mineralisation averages 330ppm eU3O8 and 0.2 –5 m thick, with a high grade intercept of 1.4m @ 1,117ppm eU3O8 in Hole MRM017. • ‘Wing’ style mineralisation shows good continuity across the northern and southern margins of the Manyinge
Slide 25: WA Tenement Retention Licence Conversion
WA Tenement For personal use only Retention Licence Conversion In 2014, Energy Metals applied to convert the Anketell, Lake Mason, Mopoke Well and Lakeside exploration licences to Retention Licences to allow the Company to maintain tenure over the project areas with minimal expenditure until the e
Slide 26: Committed to High Standards of Occupational Health & Safety
EME is Committed to High Standards of Occupational Health & Safety • For personal use only Site Induction & Radiation Safety Training • Dedicated Company OH&S Officer • Environmental and Personal Radiation Monitoring • Risk & Emergency Management • Safe Transport of Radioactive Materials • Safe Work
Slide 27: Plans for 2015
Plans for 2015 For personal use only Ngalia Regional Projects: • Compilation of Historical Exploration Data including Digitisation of Gamma Logs for three Significant Uranium Deposits last explored in the 1970s. • Exploration Targeting underway based on results of the 2014 Geophysical Survey • Compa
Slide 28: Thank you
For personal use only Thank you ASX:EME For more information: Phone: +61 8 9322 6904 Email: enquiry@energymetals.net Web: www.energymetals.net