Energy Metals Ltd · ASX:EME
Energy Metals — 2008 AGES Conference (NT)
20 slides from Energy Metals's conference presentation, Mar 18, 2008
Slide 1: For personal use only
For personal use only
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 Spot Price
For personal use only Current Spot Price US$74.00 lb
Slide 4: Shares and options on issue
For personal use only Shares on Issue 93.4m Options on Issue 28.5m Jindalee Resources - 37.8m shares 40.3% Kale Capital - 9.9m shares 10.5% Denison Mines - 9.6m shares 10.1%
Slide 5: Energy Metals Share Price vs Uranium Spot Price
Energy Metals Share Price vs U;0, Spot Price ta0 3.00 Uranium Spot Price == s 120 EME Share Price — a fo) : 2.00 2 100 . a = ee nison Mines 1.50 a oe : 1.00 dd ° 2. so .50 0 EEE Speen ST 0.0 Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar 05 06 06 06 06 07 07 07 07 08 = (Energy Metal Energy Metals Share Pri
Slide 6: Why buy EME?
Why buy EME? Assets - gdvanced assets - 235.4 M Ibs JORC resource and growing - visible near-term production - outperform most entries = Gnergy Metals
Slide 7: For personal use only
Oscar Aamodt Trish Farr Ross Kennedy Lindsay Dudfield Trevor Saul
Slide 8: Project locations
(: Manyingee ENERGY METALS Project » Major deposit 4@perating mine Bigrlyi/Ngalia Lake Mason Mopoke Well | Ranger | NORT? TER CLEAN SOU77 ALB ALL, 0 MS A Jabiluka _| | Westmoreland WUT ORY Na 4 Mile “| Beverley )a- Olympic Dam | Valhalla
Slide 9: Ngalia Project Regional Geology
Ngalia Project Regional Geology ioe L_] Granted tenement Tenement application @ EME Uranium prospect © Uranium prospect (excised) Undifferentiated ‘2 Proterozoic \ ~ 22008 » Bigrlyi deposit — Undifferentiated Proterozoic (=nergy Metals
Slide 10: Bigrlyi Project Regional Geology
Bigrlyi Project Regional Geology | | | 705 000mE 710 000mE 715 000mE - ‘ ; . 7545 000mN — Airstrip Nicker Beds " ——_— a == Uranium anomaly/prospects a Southwark Granite 7540 000m. — 5 mv Mineralised Horizon N Mount Eclipse Sas one ee bea _ (nergy Metals E24453 0
Slide 11: March 2007 Resource
March 2007 Resource For personal use only Cut off Mt U3O8 V2O5 U3O8 V2O5 kg/t kg/t kg/t Mlbs Mlbs 1.0 2.44 2.1 2.0 11.0 10.9 0.5 4.53 1.4 1.6 14.3 16.3
Slide 12: Initial Scoping Study
Initial Scoping Study* For personal use only (March 2007 resource) 0.5 Mtpa plant, acid leach & SX 8 Year Mine Life Production: 8.4Mlb U3O8, 7.0Mlb V2O5 Project Capital: $70M *U3O8 @ $US100/lb; V2O5 @ $US4/lb; A$1.00= $US0.83
Slide 13: March 2008 Resource
March 2008 Resource For personal use only Cut off Mt U3O8 V2O5 U3O8 V2O5 kg/t kg/t kg/t Mlbs Mlbs 1.0 4.04 2.0 3.7 17.7 30.0 0.5 7.56 1.4 2.6 23.4 43.7
Slide 14: 2008 vs 2007 Resource Comparison
2008 vs 2007 Resource Comparison For personal use only (0.5kg/t U3O8 cut off) Tonnage up 68% Uranium up 64% Vanadium up 168% A4 deposit (t) up 102% A15 deposit (t) up 45% A4 + A15 = 90% of the metal
Slide 15: March 2008 Resource - Gold Equivalent
March 2008 Resource - Gold Equivalent For personal use only Cut off Gold Grade kg/t U3O8 M oz g/t Au 0.5 2.3 9.5 *U3O8 @ $US74/lb; V2O5 @ $US12/lb; Gold @ $US971/oz
Slide 16: For personal use only
(=nergy Metals Limited PALADIN RESOURCES LTD Southern Cross Exploration = Gnergy Metals
Slide 17: Bigrlyi Project JORC Compliant Resources
Bigrlyi Project JORC Compliant Resources 500ppm cut-off 50MIbs 40MIbs 7 t Resource ae <==, Saal, I I T I es - Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 05 05 06 06 06 O06 O07 O7 O07 O7 O08 O08 08 O08 EME (Snergy Metals Listing
Slide 18: Watch Out For
Watch Out For: For personal use only New Scoping Study Pre-feasibility Study Early Production (target 2011) Success on 100% EME ground Higher Uranium Prices
Slide 19: For personal use only
For personal use only
Slide 20: Thank you
(nergy Metals LUmited THAR. you www.energymetals.net (i Say)