Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (November 2009)
28 slides from Energy Metals's shareholder meeting presentation, Nov 27, 2009
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: Board & Management
Board& Management | Oscar Aamodt Trish Farr Geoff Jones Lindsay Dudfield Nick Burn
Slide 4: Capital Structure
Capital Structure For personal use only Shares on Issue 118.6m Options on Issue 2.7m Shareholders 1,040 Cash (30 Sept 2009) $ 4.1m Jindalee Resources 46.8m shares 39.4% Mark Scott 18.8m shares 15.9% Denison Mines 9.5m shares 8.0% Lindsay Dudfield 6.8m shares 5.7%
Slide 5: 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 CGNPC 2.50 Takeover 100 Offer 2.00 80 1.50 US$64 60 1.00 40 0.50 20 eased 0.0 Wes le IN LDwcl cht Rac S OL LSS > Mpa MSINN Taek,
Slide 6: Energy Metals projects in Australia
USEF UUAS UF Quit Jabiluka dawinm "Gs Ranger Koongarra : TERRITO RM Bigrlyi/Ngalia Kintyree Rawlinson eo VESTERN AUSTRALI ° ‘Westmoreland | | @ Valhalla “Angela Yeelirrie e | Lakeside —9 Mopoke Well] FourMile = _ Bishan , Olympic Dam # BBeverley — e Anketell Mulga Rock @Honeymoon Perth m he d fee CO
Slide 7: Bigrlyi, Ngalia & Macallan Projects
e igrlyi, Ngalia & Macallan Projects | 132°00' — £27333 | Macallan Project" t— 22°00' | Bigrlyi Project | | Ngalia Project | .—— Devonian Carboniferous [__] Granted tenement [__] Tenement application @ EME uranium prospect Undifferentiated Proterozoic @ Uranium prospect (excised) N “== Prospective s
Slide 8: Bigrlyi Project - Mineralised Horizon and Anomalies
Bigrlyi Project -Mineralised Horizon and Anomalies __ —_—_— Se Southwark Granite Bigrlyi JV (EME 53.7%) : - — . , 7 7 <I —— 4 _—_ ——— ®w Mineralised Horizon @ Uranium Prospect ‘_» Uranium Resource — (=nergy Metals 0 | 4Km
Slide 9: Bigrlyi Project Resources
Bigrlyi | Project Resources = == =— =| |
Slide 10: For personal use only
For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 11: Bigrlyi - May 2009 Resource
Bigrlyi - May 2009 Resource* (500ppm cut off) 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) (38.6Mlbs) * Ordinary Kriging; tonnes are metric (2204.62 pounds), figures may
Slide 12: Bigrlyi - July 2009 Resource
Bigrlyi - July 2009 Resource* (250ppm cut off) For personal use only JORC 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 13: Bigrlyi Project 2009 Drilling - Highlights
Bigrlyi Project 2009 Drilling - Highlights | | 705 000mE 715 000mE L 7545 000mN — | Results Pending Bigrlyi JV (EME 53.7%) “Grade Control” Drilling |.60m @ 0.72% eU308 F [ 3.75m @ 0.16% eU3Os | 7540 000nN_— @® Uranium Resource Mineralised Horizon | (=nergy Metals 2 Uranium Prospect 0 Limited 4Km
Slide 14: Anketell Drilling over Radiometrics
Anketell prilling over Radiometrics (6801000m ESB/289 Aircore Drilling Program a 2km max ppm eU;03 » 400 to 2000 *Inferred JORC Resource 300 to 400 a 16.3Mt @167 ppm U308 200 to 300 + (100ppm cut-off) 100 to 200 50 to 100 0 to 50 667000m 671000m i} ! i}
Slide 15: Aircore Drilling
etals Limited nergyM S 5 oO = Ss aS) 5 a = i) > 3 on & = a = 2 7) + 1) a. a. oS U Aircore Drilling max ppm eU308 + @ 5300 £ @ 200 to 300 © 100 to 200 © 50 to 100 © 1to 50 - 7 cf oe © Proposed drilling § _ - a “ OD OOSIO O Rey : i \ "WwW aa as" J | : ™ 7 A q *% ‘ _ oO ss ie Lao oyu \ Ve eleleleseve o
Slide 16: For personal use only
For personal use only Bigrlyi Camp Oct06 019.jpg
Slide 17: Macallan Project Location
Macallan Project Location TAN AM REGION ® Callie Gold Mine Za Macallan Project i" = %Z, Ss Ke) D y Bigrlyi deposit
Slide 18: Macallan NT Radiometrics
Macallan NT Radiometrics (Shergy Metals Limited F EAY2 7333 w2oluoeumN 10km 600000mE™ ans - 630000mE |
Slide 19: EME's Uranium Resources (JORC)
EME’s Uranium Resources (JORC) For personal use only U3O8 Grade EME Mlbs Project Mt (Mlbs) (ppm) % (EME) Bigrlyi 29.3¹ 16.6 800 53.7% 15.7 Anketell 6.0² 16.3 167 100% 6.0 Lake 3.0² 7.9 170 100% 3.0 Mason TOTAL 24.7 ¹MIK, 250ppm cut-off, 54% Indicated, 46% Inferred. ² OK, 100ppm cut-off, 100% Inferre
Slide 20: CGNPC Proportional Takeover Offer
CGNPC Proportional Takeover Offer For personal use only EME had $5M cash at 30 June 2009 (share price $0.52) Further capital needed early 2010 to advance projects Most placements at discount (= excessive dilution) CGNPC offering $1.02 cash for 70% of shares (= 60% premium to 3 month VWAP prior to Of
Slide 21: Status of Takeover
Status of Takeover For personal use only CGNPC now holds 11% FIRB approval obtained – Chinese approvals progressing Offer extended to 18 December 2009 EME Directors recommend acceptance¹ Jindalee (holds 39%) has agreed to accept¹ ¹subject to no superior proposal
Slide 22: China Nuclear Power Reactors
CHINA Nuclear Power Reactors Supply 2% of China's electricity || Operating 17 Under construction 8 Starting construction 34 Planned 90 Proposed 6x increase to at least 60 GWe by 2020 Further 3-4x increase to 120-160 GWe by 2030 By comparison: France (78% nuclear) has 59 power reactors - total 63 GWe
Slide 23: China Guangdong Nuclear Power Holding Co Ltd (CGNPC)
China Guangdong Nuclear Power Holding Co Ltd (CGNPC) Chinese clean energy group Established 1994 Nuclear power is core business Total assets US$16B, Net assets >US$5B ___ One of only 2 Chinese companies wcith right tia a Lage and export uranium a
Slide 24: CGNPC Nuclear Power
CGNPC Nuclear Power Guangdong Nuclear Power Station (foreground), Ling Ao Nuclear Power Station (background) 4,000 MWe installed capacity 25,000 MWe under construction m (=nergy Metals
Slide 25: CGNPC Diversified Energy
CGNPC Diversified Energy A Wind Hydro & Pumped Storage 450 MWe installed capacity 1,200 MWe installed capacity 700 MWe under construction 450 MWe under construction
Slide 26: Watch out for
Watch out for: For personal use only 2009 drilling results (Bigrlyi, Cappers...) CGNPC takeover closes 18 December 2009 1 for 9 rights issue at $0.90 early 2010 Potential to fast track production Wild Cards (eg: Macallan) Increasing Chinese investor interest
Slide 27: Thank you
(nergy Metals Limited Thine you www.energymetals.net (KTS 3,115
Slide 28: Compliance Statement
For personal use only Compliance Statement The information in this presentation is based on information compiled by Mr Lindsay 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 experience which i