PREVIOUS MINING PLAN

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EU Energy Proposed 2017 Mining Plan - Conceptual Diagram

Features:

•Mini-pits mined 1 at a time

•Each pit would produce 571 tonnes of ore per day or 200,000 tonnes per year

•Each mini-pit mined out after 1 year

•Each pit backfilled with waste material

•Negligible to low strip ratio

•Ore from each pit trucked to one central processing plant

•Anticipated low environmental footprint

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Modified Proposed Mini-Pit Locations and Central Processing Plant for Mining of High-Grade Vanadium Mineralization Only

Note: Mini-pits are set back from watercourses and other environmentally sensitive areas to ensure minimum environmental impact

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