Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2019)
23 slides from Energy Metals's shareholder meeting presentation, May 24, 2019
Slide 1: Annual General Meeting 2019
For personal use only Annual General Meeting 2019 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 H A . Darwine ae er Bigrlyi & Ngalia Fer a Macallan . Mopoke Well. SS 2Bagooma , NOR ee Westmoreland Lake Mason TERRITORY Valhalla Anketell ; Kintyre Manyingee r) 7 owe ” ‘ i ss QUEENSLAND Lakeside EIRIN AUSTRALIA @|Wiluna Lake Maitland SOUTH AUSTRALIA { ° Four Mile » Ye
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 $0.12 Current Spot Price $25.20 Long Term Uranium Price $32.00
Slide 5: Capital Structure
Energy Metals Limited For personal use only Capital Structure Shares on Issue 209.7M Shareholders 635 Cash & Bank (31 Dec 2018) $18.26M 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 Deshao Chen Non-Executive Chairman Mr Shuqing Xiao 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-Execu
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: Four new reactors approved early 2019 in China. • Financial interest in physica
Slide 8: Supply Is Not Guaranteed and Will Change the Market
Supply Is Not Guaranteed and Will Change the Market • For personal use only • Significant mine supply cuts in recent Operation costs of most existing uranium years: McArthur River (18Mlbs), mines above the current spot uranium Kazatomprom (5Mlbs in 2018), Langer price and then global mine supply now
Slide 9: 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 2018 x22 24.30GW 54% domestically Units in operation: remains No.1 domestically, enters top 5 globally x6 7.43GW 53% domestically South C
Slide 10: 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 11: 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 12: Northern Territory Projects
For personal use only NORTHERN TERRITORY PROJECTS
Slide 13: 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 14: Bigrlyi Joint Venture Project – 2018 Update
Bigrlyi Joint Venture Project – 2018 Update ➢ EME’s interest in the Bigrlyi joint For personal use only venture increased to 72.4% during the year. ➢ Vanadium price saw significant increases in 2018, currently double of historical averages. ➢ Current EME focus on vanadium resources and metallurgy to
Slide 15: Reassessment of Bigrlyi Vanadium Deposit Model in Progress
Reassessment of Bigrlyi Vanadium Deposit Model in Progress For personal use only New Vanadium Wireframe Model Anomaly-4 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 16: CSIRO Vanadium Mineralogical Study Completed
CSIRO Vanadium Mineralogical For personal use only Study Completed Vanadium minerals are closely associated with clays and layer silicate minerals, a new vanadium mineral haggite (in green) has been identified in Anomaly-15 ore.
Slide 17: Ngalia Regional Project
Ngalia Regional Project The 2018 exploration program focused on geophysical targeting of undercover uranium mineralisation utilising aerial electromagnetic (AEM) and deep-sensing For personal use only ground penetrating radar (DS-GPR) survey methods An AEM in-fill survey over the eastern Ngalia Basi
Slide 18: AEM Survey Results
AEM Survey Results AEM conductivity image for a 30-40m depth (southwest corner EL24451) showing conductive palaeochannels – a prime target for For personal use only buried uranium mineralisation. Cappers surface uranium deposit, Malawiri deposit, and the location of DS-GPR lines 1-3 shown.
Slide 19: DS-GPR Survey Results
DS-GPR Survey Results To refine the sub-surface architecture of the For personal use only palaeochannel targets, high-resolution, deep sensing ground penetrating radar surveys were conducted over three 1.2km lines. sand & gravel basement Deeper channels of about 80m depth (arrowed) were found incise
Slide 20: Tenement Optimisation – Northern Territory
For personal use only Tenement Optimisation – Northern Territory Following an annual project review, EME’s Ngalia Regional tenements were re-organised: including surrender of low prospective blocks and amalgamation of adjacent titles. Cost savings of over 20% in expenditure commitments & rent for 20
Slide 21: 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 22: Plans for 2019
Plans for 2019 For personal use only Northern Territory Projects: ▪ Re-optimisation of the 2011 Bigrlyi Prefeasibility Study with a focus on vanadium resources and metallurgical processing routes to enhance the co-recovery of uranium and vanadium . ▪ Re-modelling and re-interpretation of vanadium mi
Slide 23: 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