Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (May 2016)
31 slides from Energy Metals's shareholder meeting presentation, May 27, 2016
Slide 1: Annual General Meeting 2016
For personal use only Annual General Meeting 2016 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 EME Share Spot Price Price Au$ US$/lb U3O8 For personal use only 2.00 100 Japanese Current EME Share Price $0.095 Current Spot Price $27.50 Tsunami Long Term Uranium Price $43.00 1.50 80 1.00 60 0.50 40 20 Mar Jun Sept Dec Mar Jun Sept Dec Mar J
Slide 5: Capital Structure
Energy Metals Limited For personal use only Capital Structure Shares on Issue 209.7m Shareholders 683 Cash & Bank (31 Dec 2015) $21.8m Major Shareholders China Uranium Development Company Ltd 139.3m 66.45% KangDe Investment Group 26.5m 12.66% Jindalee Resources Limited 14.0m 6.69%
Slide 6: Energy Metals Financial Position (Ended December 2015)
Energy Metals Financial Position (Ended 31 December 2015) Au$ CURRENT ASSETS For personal use only Cash and cash equivalents 190,491 Term deposit 21,571,236 Trade and other receivables 264,241 Total Current Assets 22,025,968 NON-CURRENT ASSETS Receivables - Property, plant and equipment 319,542 Expl
Slide 7: EME Directors & Management
For personal use only EME Directors & Management Mr Zuyuan He Non-Executive Chairman Mr Jianhua Xing Non-Executive Director, alternate director of He, Zuyuan Dr Weidong Xiang Managing Director Mr Lindsay George Dudfield Non-Executive Director Mr Geoffrey Michael Jones Non-Executive Director Mr Yu Zh
Slide 8: 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 April 2016 x16 17.09GW 59.8% domestically Units in operation: remains first domestically, enters top 5 globally x12 14.65GW 1/5 globally South Chi
Slide 9: About CGN: Nuclear Power business
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 10: About CGN: New energy business
About CGN (China General Nuclear Power Corporation) New energy business As of the end of April, 2016, the projects presence in 29 provinces and For personal use only autonomous Region with a controlled in-service installed capacity of 20.82 GW. Wind power Solar power Hydro power In-service installed
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: For personal use only
700 000mE 127333 800 000mE | Granted tenement (__] Tenement application e EME uranium prospect © Uranium prospect (excised) “= Prospective stratigraphy Li } Devonian Undifferentiated Proterozoic 0 50Km Lake Lewis 7 600 000mN Discovering Clean Energy G2 (nergy Metal Stimied
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 the depressed uranium market Bigrlyi is currently on a ‘care and maintenance’ footing with rehabilitation works to remediate a number of hillside drill pads undertaken during the year. The works were competed in August 2015 resulting in
Slide 15: Karins Deposit Maiden Resource
Bigrlyi Joint Venture Project For personal use only Karins Deposit Maiden Resource The historical Karins deposit is located approximately 90 km east of Bigrlyi. The deposit is located on Bigrlyi Joint Venture tenement applications. The Karins area was discovered by Central Pacific Minerals (CPM)
Slide 16: Karins Deposit Maiden Resource
Bigrlyi Joint Venture Project For personal use only Karins Deposit Maiden Resource Significant drill intercepts include: 1.3m at 4,092 ppm eU3O8 from 7.7m in RPH95 1.9m at 1,200 ppm eU3O8 from 87.0m in RPH83 6.1m at 830 ppm eU3O8 from 10.9m in RPH64 Example of the Interpretation of Mineralised Bo
Slide 17: Karins Deposit Maiden Resource – 691 tonnes @ 556 ppm U3O8
Bigrlyi Joint Venture Project For personal use only Karins Deposit Maiden Resource – 691 tonnes @ 556 ppm U3O8 On 1 July 2015, the maiden Mineral Resource Estimate (JORC, 2012) for the historical Karins Deposit was announced to ASX. Estimate of Mineral Resources for the Karins Deposit (200ppm U3O8 c
Slide 18: Walbiri Deposit JORC Resource Estimate
BJV & Ngalia Regional Project Walbiri Deposit JORC Resource Estimate For personal use only The Walbiri Range area, located 50km east of Bigrlyi was recognised as prospective for sandstone-hosted uranium following the discovery of carnotite by Central Pacific Minerals in 1971. Walbiri and its sat
Slide 19: Walbiri Deposit JORC Resource Estimate
BJV & Ngalia Regional Project Walbiri Deposit JORC Resource Estimate For personal use only Significant drill hole intercepts included: 7.5m at 1,098 ppm eU3O8 from 187.1m in WPH07 3.0m at 1,740 ppm eU3O8 from 139.9m in NGDD18 6.8m at 646 ppm eU3O8 from 139.5m in NGRH37A 1.0m at 5,340 ppm eU3O8 f
Slide 20: Walbiri Deposit JORC Resource Estimate
BJV & Ngalia Regional Project Walbiri Deposit JORC Resource Estimate For personal use only Estimate of JORC Mineral Resources for Walbiri and Satellite Deposits* Grade Mineral Resources Volume Tonnes Category Deposit '000 m3 '000 t U3O8 U U3O8 U3O8 ppm % Mlb tonnes Inferred Hill One 192 494 321 0.02
Slide 21: Geological Model Development – eastern Ngalia Basin
Geological Model Development – eastern Ngalia Basin For personal use only Following analysis of last year’s geophysical survey results, new geological models were developed for the Walbiri South (EL24463) and Malawiri (EL24451) target areas. An important outcome of this work has been the recognition
Slide 22: Tenement Matters – Ngalia Basin
Tenement Matters – Ngalia Basin For personal use only Energy Metals staff attend a meeting with the CLC and Traditional Owners at Yuendumu, September 2015 to discuss access to tenements on Aboriginal Land
Slide 23: CORE Geophysics and Drilling Collaborations
CORE Geophysics and Drilling Collaborations The NT Geophysics and Drilling Collaborations Program provides co-funding For personal use only assistance to applicants for exploration drilling and geophysical projects in greenfields areas where there is limited geological information. EME will unde
Slide 24: Western Australian Projects
Western Australian Projects. “3 << y sy Bethe pe ity. 0 Psy | WESTERN rv ee AUSTRALIA ay * @ Manyingee \ \ Lakeside @ Pd Lake Mason Anketell — & Mopoke Well m= Newman mu STRALIA mw Kalgoorlie r Metals.i2Y
Slide 25: Manyingee Project
Manyingee Project For personal use only Exploration Potential: Significant uranium intercepts were encountered in 2012 drilling of the palaeochannel upstream of Paladin’s Manyingee Uranium Deposit 2014 drilling program: A small rotary mud drilling program (18 holes for a total of 1,790m) was con
Slide 26: Manyingee Project
Manyingee Project For personal use only Manyingee passive seismic survey (PSS) depth contour image over EM conductivity 75m depth slice. The main N-S traverse identifies a series of channels >100m deep (arrows) whereas the NE-SW traverse displays a more undulating basement surface with at least two
Slide 27: WA Calcrete-style Uranium Projects
WA Calcrete-style Uranium Projects For personal use only EME has four calcrete-style uranium projects in WA: Lakeside, Lake Mason, Anketell & Mopoke Well. In 2014, EME applied to convert the Anketell, Lake Mason, Mopoke Well and Lakeside exploration licences to Retention Licences to allow the Co
Slide 28: Tenements Reduction – Northern Territory
Tenements Reduction – Northern Territory For personal use only Following a project review EME elected to surrender parts of its Ngalia Regional tenement area assessed as having low prospectivity for uranium. The plan was implemented in early 2016 with saving of over $200K in direct and indirect cost
Slide 29: Tenements Reduction – Western Australia
Tenements Reduction – Western Australia For personal use only Anketell Lake Mason Mopoke Well In early of 2016, EME partially reduced the retained areas for further cost reduction ($110K). Lakeside
Slide 30: Plans for 2016
Plans for 2016 For personal use only Ngalia Regional Projects: CORE collaboration test drilling program in Malawiri area Uranium-series disequilibrium study Prospectivity review in the Ngalia Basin to optimize exploration targets Land access negotiations WA Projects: Further Passive Seismi
Slide 31: 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