Energy Metals Ltd · ASX:EME
Energy Metals — Conference Presentation (July 2011)
34 slides from Energy Metals's conference presentation, Jul 20, 2011
Slide 1: Paul Dunbar, Exploration Manager
For personal use only Paul Dunbar Exploration Manager
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: Current Share Price and Uranium Spot Price
For personal use only Current Share Price $0.40 Current Uranium Spot Price $53.50
Slide 4: Mainland China Nuclear
Mainland China Nuclear (As at 31 Dec 2010) aes |3 Operational power t eactors (10.8GWe) 28 Under construction... Golmud’ CV sper gy Metal Scimited
Slide 5: CGNPC
For personal use only CGNPC (China Guangdong Nuclear Power Holding Co. Ltd) • Clean energy group (established 1994) • Total assets US$34.7B, US$34 7B Net Assets US$9 US$9.7B 7B (May (M 2011) • 5 operating nuclear power plants close to HK • 16 power plants under construction • One of only 2 Chinese c
Slide 6: Capital Structure
C it l Structure Capital St t For personal use only (current) Shares on Issue 153.8m Sh h ld Shareholders ≈1,020 1 020 Cash (31 M March h 2011) $ 29.4m 29 4m CGNPC 93.1m shares 60.6% KangDe 19.5m shares 12.7% Jindalee 14.0m shares 9.1%
Slide 7: Highly Experienced Board
Highly Experienced Board For personal use only Mr Zuyuan He (Chairman) CGNPC Dr Weidong Xiang (Managing Director) CGNPC Mr Bin Cui (Finance Director) CGNPC Ms Zheng Xiaowei (Non Exec) CGNPC Mr Zhong Yu (Non (N Exec) E ) KangDe Mr Lindsay Dudfield (Non Exec) Mr Geoff Jones (Non Exec) Xuekun Li (Compa
Slide 8: EME Management Track Record
Limited EME Management Track Record Oi wee Experienced, motivated team that escalated EME’s JORC compliant uranium resources to 45.4 million Ibs in 6 years 45Mibs 38.4Mlbs _ (Mibs U3Oa) 17,3MIbs 14.3MIbs 11.6MIbs EME Listing Sep 05
Slide 9: Uranium Trading
For personal use only U i Uranium T di Trading
Slide 10: Uranium Trading
U Uranium i Trading T di For personal use only • Unique Uranium Export Permit Granted • Permit to Possess Granted • Purchase and Sales Contracts being Negotiated
Slide 11: Uranium project locations in Australia
Uranium Jabiluka b Darwin, : logan ger Kk “PS worTHERN nei ° Testmorcand eValhalla r kittie | ¥ eangela yf of WESTERN AUSTRALIA a QUEENSLAND y | Lake Mason Yeelirrie SOUTH AUSTRALIA hy q ny | . . Mopoke Well) FourMile forane . <a Sp po tel Bee fait Sad om? Mulga Rock Olymple Dame %+Beverley Honeymoo
Slide 12: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects | Macallan Project Sl £27333 0 100Km | Ngalia Project / SqYuendumu Fi BN : £27169 £24462 Devonian Carboniferous Lake Levit’ Undifferentiated Proterozoic [__] Granted tenement [_] Tenement application @ EME uranium prospect © Uranium prospect (excised) == Prospecti
Slide 13: Bigrlyi Project Mineralised Horizon and Anomalies
Bigrlyi Project Mineralised Horizon and Anomalies | | | 705 000mE 710 000mE 715 000mE Airstrip Nicker Beds ae Ti a ee N Quartzite — = Southwark Granite 10 meen, (i > ; ~ ~— Bigrlyi JV (EME 53.3%) Ka a wat grlyi J = : ~~ mA LL — — 3 —_ | = ; —— ee — \ A2 Al5 oe *~ Mineralised Horizon @ Uranium Prospe
Slide 14: For personal use only
For personal use only Photo from Google
Slide 15: Bigrlyi Project Resources
—— Bigrlyi Project Resources — ———
Slide 16: Bigrlyi June 2011 Resource
Bigrlyi June 2011 Resource* (250ppm cut off) For personal use only JORC Mt U3O8 U3O8 U3O8 V2O5 V2O5 V2O5 status ppm t Mlb ppm t Mlb Ind. 8.8 890 7,800 17.3 1,026 9,000 19.9 Inf. f 6 6.2 715 4,400 9.7 805 5,000 10.9 TOTAL 15 818 12,200 , 27 935 14,000 , 30.8 •Multiple Indicator Kriging; tonnes are me
Slide 17: Bigrlyi PFS Summary
Bigrlyi PFS Summary Summary* For personal use only • Excellent metallurgy (>95% recovery) • Excellent geotechnical ground conditions • Capex p Plant and infrastructure f $$181M • Capex Mining $89M • Total Opex $160/t • Positive Cash Flow > $120M • 8 year mine life • Resource increase essential to im
Slide 18: Bigrlyi Drilling
Bigrlyi Drilling For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 19: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects s N 3 . Cs Sl £27333 0 100Km £24807 a, = ESS NX a £24463 _ ee £27169 ~ E262 N Sy Devonian Carboniferous Undifferentiated Proterozoic [__] Granted tenement [_] Tenement application ; 3 @ EME uranium prospect eS wo © Uranium prospect (excised) S == Prospective strat
Slide 20: For personal use only
For personal use only Photo from Google
Slide 21: For personal use only
For personal use only Photo from Google
Slide 22: Anomaly 15E Bigrlyi Project
Anomaly I 5E Bigrlyi Project 715000mE 717000mE 719000mE Bigrlyi JV EME 53.7% EL24453 EME 100% y ; yeu B11012 6m @ 1,940ppm eU308 From 60.5m B11016 5m @ 309ppm eU308 From 30.0m XN Pe EL24453 EME 100% (| Thin Cover | : (1 Mt Eclipse Sandst | f . — ‘one Recent Drilling Max. Intercept N A © 100-1000ppm
Slide 23: Anomaly East Drilling
For personal use only Anomaly 15 East Drilling
Slide 24: Anomaly East Section
Anomaly 15 East Section For personal use only
Slide 25: Camel Flat Prospect
For personal use only Camel Flat Prospect p Discovery Hole CFD1001
Slide 26: Camel Flat - CFD1001 (July 2010)
Camel Flat - CFD1001 (July 2010) For personal use only 27m @ 0.27% U3O8 from 93.0m 94m (incl 3.5m (incl. 3 5m @ 1.82% 1 82% U3O8 from 93 93.5m) 5m) Note – True thickness estimated at 3 – 5m
Slide 27: Camel Flat Drilling
Camel Flat Drilling Drilling Sand Cover Mount Eclipse Sandstone Vaughan Springs Quartzite Granite Prospective Unit Interpreted Fault Historical Drill Collar (mostly ineffective) Hole Abandoned/Failed ° / iL Max eU30s intercept in drill hole (ppm Gi eperay 2010 Drilling > 1000 @ 500 - 1000 100-500 e@
Slide 28: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects £27333 \ N a e (S . a | Macallan Project 0 100Km | Ngalia Project Yuendumu mes = / £27169 £24462 Devonian Carboniferous £24463 m Undifferentiated Proterozoic [__] Granted tenement [_] Tenement application @ EME uranium prospect @ Uranium prospect (excised) == Pros
Slide 29: Macallan Radiometrics
Macallan nr Radiometrics G) «nergy Metal Siimited 10k 600000mE - 630000mE
Slide 30: For personal use only
"A “7 a Ss lool To) 20 , ; LN Nt me Ne Nee Ne el Nee Ne es SA ; A g “@ Ranger q BF NortHERN TERRITORN , Manyingee Be. a ¥ } QUEENSLAND y Lake Mason YY _ } Lakeside } Mopoke Well | VR, ny fossa r anketell 4 Olympic Dam ‘Beverley — q retha 1 d | NEW SOUTH WALES | ; cofpmrcetsice am) NW? P| victoria UP
Slide 31: Rawlinson – WA Radiometrics
Rawlinson – WA Radiometrics For personal use only
Slide 32: Watch out for
W t h outt ffor: Watch For personal use only Commencement off Uranium Trading g Drilling Results inc Anomanly A l 15 E East, t CCamell Fl Flatt Bigrlyi Extensional Drilling Access to Greenfields Projects 2011 ? Increasing Chinese investor interest
Slide 33: For personal use only
For personal use only
Slide 34: Compliance Statement
For personal use only Compliance Statement The information in this presentation is based on information compiled by Mr Paul Dunbar and Mr Lindsay Dudfield, who are both Members of The Australasian Institute of Mining and Metallurgy and The Australian Institute of Geoscientists. Mr Dunbar is a full t