Energy Metals Ltd · ASX:EME
Energy Metals — Explorers Conference, Fremantle (February 2010)
23 slides from Energy Metals's conference presentation, Feb 23, 2010
Slide 1: Energy Metals Limited
Discoveriny wo eRe aA Lindsay Dudfield Executive Director ENERGY METALS LIMITED
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 C t i information i f ti in i this thi presentation t ti has h bee
Slide 3: Energy Metals U3O8 Spot Price vs Share Price
Energy Metals (EME) U308 Spot Price vs Share Price EME Share Price — Uranium Spot Price —_— : Long Term Uranium Price ——= Spot Price EME Share US$Ib U30g8 Price A$ 140 3.00 120 ee 2.50 CGNPC 100 Takeover 2.00 Offer 80 1.50 60 1.00 40 0.50 ibs 20 Tole eh @iccl] 0.0 Sep Dec Mar10 09 09 LLY Roan Pa IE
Slide 4: Capital Structure (current)
Capital Structure (current) For personal use only Shares on Issue 120.9m Options on Issue 0.5m Shareholders 1 154 1,154 Cash (31 Dec 2009) $ 3.1m CGNPC 79.8m shares 66.0% Jindalee Resources 14 14.0m 0m shares 11.6% 11 6% Mark Scott 2.8m shares 2.3%
Slide 5: CGNPC Proportional Takeover
CGNPC For personal use only Proportional Takeover • 8 Sept 2009 CGNPC offered $1 $1.02 02 cash for 70% of shares (60% premium to 3 month VWAP prior to Offer) • Offer Off closed l d 18 D Dec 2009 (CGNPC h holds ld 66%) • CGNPC to underwrite $12M Rights Issue (1:9 @ $0.90) • Rights Issue due to close
Slide 6: Capital Structure (March 2010)
Capital Structure (March 2010)* For personal use only Shares on Issue 134.3m Options on Issue 0.5m Shareholders 1 154 1,154 Cash $ 13.5m CGNPC 93.2m shares 69.4% Jindalee Resources 14 14.0m 0m shares 10 4% 10.4% Mark Scott 2.8m shares 2.1% * assumes 100% shortfall
Slide 7: China Nuclear Reactors
China Nuclear Reactors Supply 2% of China’s electricity For personal use only 11 Operating p g 21 Under construction 36 Planned 150 Proposed 6x increase to at least 60GWe by 2020 Further 3-4x increase to 120-160 GWe by 2030 By comparison France (78% Nuclear) has 59 reactors – total 63 GWe
Slide 8: 4,000 MWe installed capacity, 25,000 MWe under construction
For personal use only 4,000 MWe installed capacity 25,000 MWe under construction
Slide 9: Installed and under construction capacity
For personal use only 450 MWe installed 1,200 MWe installed 700 MWe MW under d construction t ti 450 MWe MW under d construction t ti
Slide 10: Energy Metals Australian uranium projects map
rauas Uranium Jabiluka 6b Darwin. /Ranger a Var? ang Dia i pace on x ‘Westmoreland | | @ Valhalla ~~ Kintyree | ¥ ( WESTERN AUSTRALIA QUEENSLAND . Yeelirrie SOUTH AUSTR ae OYA We e | Mopoke Well Four Mile len ferare e oe me a BF ence ~ Anketell —{ — Mulga Rock Opie Cathe barrel \ i opens ve % v le N
Slide 11: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects AN . | Macallan Project a 100Km a mere £27333 | Ngalia Project | £24462 KR \ Devonian Cerbonierous La i, ik fuendumu E27169 Undifferentiated Proterozoic [__] Granted tenement [_] Tenement application @ EME uranium prospect © Uranium prospect (excised) == Prospecti
Slide 12: Bigrlyi Project: Mineralised Horizon and Anomalies
Bigrlyi Project Mineralised Horizon and Anomalies — — — Southwark Granite *~ Mineralised Horizon | @ Uranium Prospect 0 (Y Uranium Resource oQigeer S Limited
Slide 13: Bigrlyi Project Resources
Bigrlyi Project — | rey Resources ; — =a —— == —_-~ gor E =F 4m @ 0.27% U308 |. *Metalen2”
Slide 14: For personal use only
For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 15: Bigrlyi May 2009 Resource (500ppm cut off)
Bigrlyi May 2009 Resource* (500ppm cut off) ff For personal use only JORC Mt U3O8 V2O5 U3O8 V2O5 status % % t t Ind. 2.74 0.15 0.23 4,190 6,310 Inf. 4.53 0.11 0.25 5,150 11,200 TOTAL 7.27 0.13 0.24 9,340 17,510 (20 6Mlbs) (20.6Mlbs) (38 6Mlbs) (38.6Mlbs) * Ordinary Kriging; tonnes are metric (2204.6
Slide 16: Bigrlyi July 2009 Resource (250ppm cut off)
Bigrlyi July 2009 Resource* (250ppm cut off) ff For personal use only JORC M Mt U3O8 U3O8 U3O8 status % t Mlb Ind. 8.83 0.08 7,251 16.0 Inf. 7.76 0.08 6,056 13.4 TOTAL 16.59 0.08 13,107 29.4 * Multiple Indicator Kriging; tonnes are metric (2204.62 pounds), figures may not total due to rounding.
Slide 17: Bigrlyi, Ngalia & Macallan Projects
Bigrlyi, Ngalia & Macallan Projects AN . | Macallan Project a 100Km a mere £27333 | Ngalia Project | £24462 KR \ Devonian Cerbonierous La i, ik fuendumu E27169 Undifferentiated Proterozoic [__] Granted tenement [_] Tenement application @ EME uranium prospect © Uranium prospect (excised) == Prospecti
Slide 18: Cappers NT Drilling over Radiometrics
Capper S$ NT Drilling over Radiometrics Mot Retoy " SSIS Pe ED te SSA IP IO FOI LOA AALS: A ww « . ~ « ra — 4° / Oba -_ Ne fi 4 > - "3 o; ’ ry fy e / ° We a) s es aM OP OS ot PT pe 2008 Aircore Drilling ja Fee ong ti wo <<. lo LOS aE ft I Sour f max ppm eU308 7 @ >300 a yy | © 200 to 300 Fe © 100to
Slide 19: For personal use only
For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 20: Macallan Radiometrics
Macallan nr Radiometrics G2 nergy etal Stimitea F EA*2 7333 om . RANGER OPEN PIT at same scale TOkm 600000mE" : 630000mE
Slide 21: Watch out for
For personal use only Watch out for: Resource upgrades (Bigrlyi, Cappers) Completion of Bigrlyi PFS Wild Cards C d ((eg: Macallan) M ll ) Increasing g Chinese investor interest
Slide 22: For personal use only
For personal use only
Slide 23: Compliance Statement
For personal use only Compliance Statement The information in this presentation is based on information compiled by Mr Lindsay Dudfield, Dudfield who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Dudfield is a consultant employed by Energy Metals and has sufficient experienc
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