Energy Metals Ltd · ASX:EME

Energy Metals — Shareholder Meeting (November 2010)

24 slides from Energy Metals's shareholder meeting presentation, Nov 24, 2010

1. Slide 1: Discovering Uranium

   or i oy Discovering Lindsay Dudfield Executive Director ENERGY METALS LIMITED

2. Slide 2: For personal use only

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3. Slide 3: EME U3O8 Spot Price vs Share Price

   Energy Meta Is (EME) U308 Spot Price vs Share Price Current EME Share Price A$0.845 Current U Spot Price US$60.50 Long Term U Price US $62.00 EME Share Price Uranium Spot Price Long Term Uranium Price —— Spot Price EME Share USS$Ib U30g Price A$ 140 3.00 120 3.7%) |-f\o [\ Ay 2.50 G2 CGNPC 100 Takeo

4. Slide 4: For personal use only

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5. Slide 5: For personal use only

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6. Slide 6: CGNPC Nuclear Power

   CGGNPG Nuclear Power Guangdong Nuclear Power Station Ling Ao Nuclear Power Station 5,000 MWe installed capacity 33,380 MWe under construction/proposed G) ereray etal siimite

7. Slide 7: For personal use only

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8. Slide 8: For personal use only

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9. Slide 9: For personal use only

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10. Slide 10: Australian uranium projects map

    USTFQUAS UFGAIUM Ca Darwin mi & Ranger Koongarra ra é x \ NORTHERN TERR ioe i Bigrlyi/Ngalia| | ~ Kintyree Ve WESTERN AUSTRALIA Lake Mason Yeelirrie Lakeside |— e Anketell Mulga Rock Pena ~ ENERGY METALS project 4“ Operating mine 2 Significant deposit Rawlinson e Mopoke Well HANG Olympic Dame % Beve

11. Slide 11: Bigrlyi, Ngalia & Macallan Projects

    Bigrlyi, Ngalia & Macallan Projects ae were £27333 \ | Macallan Project = So. . 2 | Ngalia Project: / <a_Yuendumu £24462 £24463 E27169 Devonian Carboniferous Lake Lewis Undifferentiated Proterozoic [__] Granted tenement [_] Tenement application @ EME uranium prospect @ Uranium prospect (excised) ==

12. Slide 12: Bigrlyi Project Mineralised Horizon and Anomalies

    Bigrlyi Project Mineralised Horizon and Anomalies” *~ Mineralised Horizon | @ Uranium Prospect 0 ‘> Uranium Prospect GJ « Metalsn2Y

13. Slide 13: Bigrlyi Project Resources

    Bigrlyi Project grees , Resources —_£é — sae A" Wetals.n2”

14. Slide 14: Bigrlyi Project Drilling

    Bigrlyi Project Drilling

15. Slide 15: For personal use only

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16. Slide 16: Bigrlyi, Ngalia & Macallan Projects

    Bigrlyi, Ngalia & Macallan Projects ae were £27333 \ | Macallan Project ad \ CPDIO0! .8m @ 1.06% eUsO8 | Ngalia Project: / <a_Yuendumu | £27169 £24462 Devonian Carboniferous Lake Lewis Undifferentiated Proterozoic [__] Granted tenement [_] Tenement application @ EME uranium prospect @ Uranium prospe

17. Slide 17: Aircore Drilling

    Metals.” S oO € AO) aS) S ow o > [o} oY) — fa = 2 a a a a. 8 U max ppm eU308 >300 Aircore Drilling © 200 to 300 "| 4 1 y D0: 2005 A 5 j , © 100 to 200 @ 50 to 100 -p - 7 “ ‘ ‘. - vee : - 7 7 ‘ 7 . » _ sy ‘ i= . * - “ ’ >} \s 3 : : _ ‘* 4 - hd he ' a> * 1 to 50 Fs [__]>200ppm eUs0s § 4 “ Contour Gopr

18. Slide 18: Cappers Prospect Discovery drill hole

    Cappers Prospect Discovery drill hole

19. Slide 19: For personal use only

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20. Slide 20: For personal use only

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21. Slide 21: Macallan Radiometrics

    Macallan nr Radiometrics GO energy Meta Sui F EA‘2 7333 10km 600000mENn = * 630000mE |

22. Slide 22: For personal use only

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23. Slide 23: For personal use only

    For personal use only

24. Slide 24: Compliance Statement

    For personal use only Compliance Statement - - - - - - - - - - - - -4 -! - - - - - - -$ - - - - - -4 - -- - - - - - - - -' -! - - - - - - - - - - - - - - - - - - ! - - - " - -( - -- -5 - - - - -0112- - - -6 - - -& - -' - & - -& - -7 -& % - -4 - - - - - - - - - - - - - - - - - - - ' - -! - - .

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