Slide 1: Investor Presentation
Investor Presentation 20 June 2022 ASX: EL8 OTCQX: ELVUF 1 NSX: EL8
Slide 2: Nuclear – Combating Climate Change
Nuclear – Combating Climate Change Carbon Free Baseload Power − Global importance of decarbonisation and electrification − Both require carbon free nuclear power to achieve stated goals − Nuclear is central to the clean energy transition − Nuclear provides reliable baseload power − The world require
Slide 3: Uranium Shortage
Uranium Shortage < Production > < Demand > Supply Side Constraints − Uranium supply shortage − Supply chain uncertainty (yellowcake, Mlbs U3O8 conversion and enrichment) − Uranium demand set to grow as nuclear plant lives extended across the globe − Uranium price must rise significantly to incentivi
Slide 4: Investment Highlights
Investment Highlights The Company has been solely operating in the uranium industry for 16 years Namibian and Australian tenement holdings with significant uranium exploration results achieved and substantial upside for exploration success 81 Mlb U3O8 resource at Marenica and Koppies Uranium Project
Slide 5: Namibia
Namibia − Namibia is a Tier 1 Uranium jurisdiction; 4th largest producer & 5th largest resources in the world − Namibia has an established uranium mining industry operating for 46 years − 61 Mlb U3O8 resource at Marenica Uranium Project, beneficiates to ~5,000 ppm U3O8 using U-pgrade™ − 20 Mlb U3O8
Slide 6: Namib Area
Namib Area − Tenements are upstream of known deposits − Exploration has achieved significant results − Since mid 2019 Koppies, Hirabeb and Namib IV projects discovered in the area − 20 Mlb U3O8 resource at Koppies − Exploration and resource drilling in progress, drill rig operational for all of 2022
Slide 7: Koppies Project
Koppies Project Initial uranium resource estimate − 20 Mlb U3O8 JORC resource − New zone of mineralisation discovered − Significant resource expansion potential beneath and adjacent to palaeochannel and new discovery − Additional exploration and resource expansion drilling planned for later in 2022
Slide 8: Hirabeb Project
Hirabeb Project Exploration delineates two large mineralised zones − Hirabeb I – uranium mineralisation extending over 4 km in length − Hirabeb II – anomalous uranium mineralisation extending over 9 km in length − Exploration drilling wide spaced, drill lines 500 m apart − Ore type suitable for U-pg
Slide 9: Central Erongo Area
Central Erongo Area − Marenica – large deposit (61 Mlb U3O8) − Marenica only 30 km north of Trekkopje Mine and 55 km north of Rossing − The area includes large calcrete hosted uranium resources at Marenica and Trekkopje − Significant exploration potential in the area See resource table on slide 20 9
Slide 10: Marenica Project
Marenica Project Large JORC resource, exploration upside − 61 Mlb U3O8 JORC resource − Mineralisation is calcrete hosted in shallow palaeochannels − Uranium ore beneficiates to ~5,000 ppm U3O8 using U-pgrade™ − U-pgradeTM has been demonstrated to reduce capital and operating costs by ~50%, compared
Slide 11: Capri Project
Capri Project Airborne survey identified extensive palaeochannels − Airborne survey flown in March 2022 identified 73 km of palaeochannels2 − The presence of anomalous radiometric uranium response coincident with or immediately adjacent to the inferred palaeochannel could indicate shallow mineralisa
Slide 12: Australia
Australia Australia is a Tier 1 Uranium jurisdiction; 2nd largest producer and largest resources in the world 100% Owned - Angela – 31 Mlb at 1,310 ppm U3O8 - Thatcher Soak – 11 Mlb at 425 ppm U3O8 - Oobagooma – 26 to 52 Mlb U3O8 Exploration Target - Minerva – high-grade uranium and gold Joint Ventu
Slide 13: Northern Territory Projects
Northern Territory Projects Angela - Inferred resource of 31 Mlb at 1,310 ppm U3O8 - Application of U-pgradeTM reduces projected acid consumption and operating costs - Potential to expand resource and reduce cost base Minerva3 - 10 drill holes with grades in excess of 10,000 ppm or 1% U3O8 - Uranium
Slide 14: Western Australian Projects
Western Australian Projects Oobagooma - High grade uranium mineralisation from 40 to 120 m below surface - 26 to 52 Mlb U3O8 Exploration Target4 - Exploration potential Thatcher Soak - Inferred resource of 11 Mlb at 425 ppm U3O8 - Located in same province as Yeelirrie, Centipede & Lake Maitland calc
Slide 15: U-pgrade TM – “What is it?”
U-pgradeTM – “What is it?” What is U-pgradeTM - Breakthrough ore beneficiation process developed, patented and 100% owned by EL8 - Rejects >95% of mined ore mass prior to leach - Uses industry standard unit operations to beneficiate uranium ore - Rejects acid consuming material and thereby reduces a
Slide 16: U-pgrade TM – “The Icing on the Cake”
U-pgradeTM – “The Icing on the Cake” Significant Benefits - Produces low-mass high-grade concentrate - Potentially reduces CAPEX and OPEX by ~50%, compared with conventional processes - Provides optionality for the project development pathway - Potential for Elevate to develop projects others can’t
Slide 17: Corporate Snapshot
Corporate Snapshot Board & Management Capital Structure Andrew Bantock Non-executive Chairman ASX Share Price (14 June 2022) A$0.42 Murray Hill Managing Director/CEO Shares on issue 276 M Over 50 years Stephen Mann Non-Executive Director Options on issue 14 M of uranium Shane McBride CFO & Company S
Slide 18: In Summary
In Summary The Company has been solely operating in the uranium industry for 16 years Namibian and Australian tenement holdings with significant uranium exploration results achieved and substantial upside for exploration success 81 Mlb U3O8 resource at Marenica and Koppies Uranium Projects, Namibia
Slide 19: Contact
Contact Murray Hill Managing Director / CEO p: +61 8 6555 1816 e: mhill@elevateuranium.com.au Elevate Uranium Limited ASX: EL8 OTCQX: ELVUF NSX: EL8 www.elevateuranium.com.au 19
Slide 20: JORC Resource Table
JORC Resource Table Cut-off Total Resource Elevate Share Deposit Category (ppm Tonnes U3O8 U3O8 Elevate Tonnes U3O8 U3O8 U3O8) (M) (ppm) (Mlb) Holding (M) (ppm) (Mlb) Namibia Koppies Koppies I JORC 2012 Inferred 100 8.7 240 4.6 Koppies II JORC 2012 Inferred 100 32.8 215 15.7 Koppies Total JORC 2012
Slide 21: Disclaimer & CP’s Statement
Disclaimer & CP’s Statement Disclaimer: This presentation has been prepared by Elevate Uranium Limited (“EL8”) for general information purposes only. The presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any securities in EL8. No agreement to sub