Energy Metals Ltd · ASX:EME
Energy Metals — Shareholder Meeting (November 2005)
30 slides from Energy Metals's shareholder meeting presentation, Nov 28, 2005
Slide 1: AGM Presentation cover letter
28 November 2005 Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 4, 20 Bridge Street Sydney NSW 2000 Via electronic lodgement Dear Sir/Madam, AGM PRESENTATION Energy Metais Ltd ABN 63 111 306 533 Level 2 18 Kings Park Road West Perth WA 6005 PO Box 1033 West Pert
Slide 2: Exploring for Uranium in Australia
i, Cc . (Energy Metals ASX: EME EXPLORING FOR URANIUM IN AUSTRALIA
Slide 3: Energy Metals - Background
ENERGY METALS —- BACKGROUND dedicated Australian Uranium explorer most tenements contain Uranium mineralisation discovered in 1970’s initial focus on high grade Bigryli Uranium deposits in the Ngalia Basin (NT) experienced team with track record of success tight capital structure
Slide 4: Market in deficit since 1990
MARKET in DEFICIT since 1990... but supply from stockpiles coming to an end Source: UXC Oct 2005
Slide 5: East Asia is hungry for energy
EAST ASIA IS HUNGRY FOR ENERGY 2004 2020 ol 2004 2020 Source: UXC Oct 2005
Slide 6: The uranium price to go higher
THE URANIUM PRICE TO GO HIGHER.... HE World Production : : - - WNA 2005 Upper MIT Energy Study == WNA 2005 Reference : —— Requirements Princeton Article =nergy Metals eeaete Limited Source: UXC Oct 2005
Slide 7: Energy Metals' Projects
ENERGY METALS’ PROJECTS : i | tke Energy Metals project | @ Uranium mine | @ Significant deposit al OE, LAKE MASON SOUTHERN (nergy Metals ASX: EME
Slide 8: Ngalia Regional
NGALIA REGIONAL ( >2,500 km?) 182°00E 1433°O0'E Energy Metals ELA Uranium deposit Uranium prospect (excised) Uranium prospect Energy Metals: 42 - 100%) Extent of Devonian - Carboniferous WALBIRI (42%) sediments Ce] Proterozoic rocks (undifferentiated) 22°08 BIGRLYI (53%) MALAWIRE (52%) PRD Lake Lewi
Slide 9: Bigrlyi Project geology map
Mt Eclidse Sandstone Albinia/Mt Doreen Formations Vaughan Springs Quartzite Southwark Granite Nicker Beds Fault Track Drainage k wa ioligy act NTOS Energy Metals ELA (100%) Energy Metals ERL (53%) Uranium anomaly/prospect Mineralised horieon nergy Metals aaa Limited ENERGY METALS Bigrlyi Project
Slide 10: High grade intercepts common
HIGH GRADE INTERCEPTS COMMON PROSPECT Anomaly 2 Anomaly 4 Anomaly 8 Anomaly 15 HOLE BPH-238 BPD-225 BPD-166 BPH-001 BPH-016 BPD-009 BPD-318 FROM 30.6m WIDTH 1.9m 3.8m % U308 1.31 1.49 Ibs/t U308 29.3 33.4
Slide 11: Bigrlyi - Resources
BIGRLYI — RESOURCES* TONNES GRADE CONTAINED U308 (kg/t) 808,000 3.40 2,770,000 kg ANOMALY 15 — RESOURCES* TONNES GRADE CONTAINED U30s {kg/t) 623,400 3.24 1,999,400 kg (M41) 117 holes; ordinary kriging; 25x10x5m biocks; 2.0 kg/t U3Os cut-off *Non-JORC - sources: NTGS Report 19; WH Bryan 1998
Slide 12: Anomaly - open at depth and down plunge
ANOMALY 15 - OPEN AT DEPTH & DOWN PLUNGE ANOMALY 15 3D View of Deposit — (2kQ/t.U309. cut-off} nergy Metals aaa Limited
Slide 13: BPD-09 48-51m 3m @ 1.83% U3O8
BPD-09 48-51m 3m @ 1.83% U30s, 0.62% V205
Slide 14: Bigrlyi
BIGRLYI Hol aes ns underway mineralised sectio
Slide 15: Bigrlyi and Ngalia Regional
BIGRLYI & NGALIA REGIONAL acid leaching recovers 99% U over 24hrs Vanadium credits ignored in past no regional exploration since late 1970’s EME controls >200 km of strike potential mostly 100% owned
Slide 16: Ngalia Basin
NGALIA BASIN ASX: EME
Slide 17: Ngalia Basin (Bigrlyi)
NGALIA BASIN (BIGRLYI) ing E towards camp & Anomaly 15
Slide 18: Bigrlyi (Anomaly 15)
BIGRLYI (Anomaly 15) looking west (typical regolit =hergy Metals tyes Limited
Slide 19: Bigrlyi (Anomaly 15) discovery outcrop
BIGRLYI (Anomaly 15) Frank Baarda on the discovery outcrop anergy Metals earn Limited
Slide 20: Bigrlyi (Anomaly 15)
BIGRLYI (Anomaly 15) =hergy Metals tyes Limited
Slide 21: Supporting the local community
SUPPORTING THE LOCAL COMMUNITY developing strong relationships with all stakeholders locals are EME shareholders & hold 0.8m options EME is making a positive contribution to the local community
Slide 22: Energy Metals' Projects
ENERGY METALS’ PROJECTS : i | tke Energy Metals project | @ Uranium mine | @ Significant deposit al OE, LAKE MASON SOUTHERN (nergy Metals ASX: EME
Slide 23: Lake Mason (WA)
LAKE MASON (WA) regional Radiometric Data (U channel) =hergy Metals tyes Limited
Slide 24: Lake Mason (WA)
LAKE MASON (WA)
Slide 25: Anketell (WA)
ANKETELL (WA) regional Radiometric Data (U channel) anergy Metals ar
Slide 26: Pits in calcrete
pits in calcrete =hergy Metals tyes Limited
Slide 27: Energy Metals - Capital Structure
ENERGY METALS — CAPITAL STRUCTURE Shares on issue 22m Shares quoted (EME) 12m Market cap (@ $0.73) $16m listed Options EMEO 10.97m (30c: expiry 30/06/08) Unlisted Options 1.2m return from IPO + 373% in 3 months (EME + EMEO) Jindalee Resources - 10m shares (45.5%) Management - 1.46m shares (6.6%) Mar
Slide 28: Value relative to peers
VALUE RELATIVE TO PEERS at 26/14/05) Company Cameco Corp UEX Corp Laramide Energy Resources Paladin Summit Resources Deep Yellow Curnamona Energy Nova Energy Energy Metals (@73c) Code Market Cap. ($m) cco $C 11,323 UEX 660 LAM 317 ERA $A 2,045 PDN 853 SMM 133 DYL 51 CUY 32 NEL 23 EME 16
Slide 29: Energy Metals - Summary
ENERGY METALS - SUMMARY dedicated Australian uranium explorer advanced projects in NT (Bigrlyi) & WA excellent potential for new, high grade discoveries Uranium price to remain strong political environment increasingly positive tight capital structure (= great leverage) 2005- core cutting underway,
Slide 30: net
net net @energymetals energymetals. iry +t & Oo WwW ao oo Oo - XN = N A oOo o ao ao o o - <= Oo © + + enqu www FAX EML WEB