Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Marenica Energy — Indaba 2020
14 slides from Elevate Uranium's conference presentation, February 2020
Slide 1: Indaba Presentation 3-6 February 2020
Acquire Explore U-pgradeTM Indaba Presentation 3-6 February 2020 ASX:MEY
Slide 2: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Chairman Andrew Bantock +25 years experience as Director, CEO and CFO roles primarily in mining ASX Code MEY Managing Director Murray Hill +30 years experience in the mining Share Price (29 January 2020) $0.066 industry, including 1
Slide 3: Investment Highlights
Investment Highlights Large scale Namibian tenement holdings with excellent uranium exploration potential Large portfolio of under-developed high-grade uranium assets in Australia Breakthrough U-pgrade™ beneficiation process shown to reduce cost at Marenica Project, providing Marenica with a first m
Slide 4: Building a Uranium Business
Building a Uranium Business Strategy Acquire Acquisition of projects / tenements that meet a defined criteria Explore Strategic exploration of large tenement position in Namibia U-pgrade™ Value add through application of patented U-pgradeTM uranium beneficiation process Ability to Deliver on Strateg
Slide 5: Strategic Advantage
Strategic Advantage Resources + Technology • Largest Namibian uranium Large Uranium tenement holding Strategic Asset Base • Australian uranium asset portfolio Advantage • Tenements held in politically safe jurisdictions • Lower uranium price required to commence development • Able to expedite develo
Slide 6: Uranium Assets
Uranium Assets NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s Namibia • Largest uranium tenement holding in uranium friendly Namibia • Drill results at Koppies recently delivered exceptional uranium mineralisation including 2 m at 4,504 ppm U3O8 • Marenica Project resourc
Slide 7: Namibia
Namibia NAMIBIA AUSTRALIA Mile 72 Area Namib Marenica Other Angela Thatcher Soak Oobagooma JV’S JV’s Highly prospective tenements in uranium friendly Namibia • Namibia is a world-class uranium province Marenica Area with an established uranium mining industry • Namib Area – 2,494 km² in 9 EPL’s, 5 a
Slide 8: Namib Project
Namib Project NAMIBIA Namib Marenica Other AUSTRALIA Angela Thatcher Soak Oobagooma JV’s Drilling at Koppies recently delivered exceptional uranium mineralisation 2019 drill results at Koppies include: • KP055 – 13 m at 905 ppm U3O8 Including 2 m at 4,504 ppm U3O8 • KP045 – 10 m at 687 ppm U3O8 Incl
Slide 9: Namibian Projects
Namibian Projects NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s JORC Resource and large highly prospective land package • Marenica Uranium Project – large 61 Mlb resource at 93 ppm U3O8 • 2017 Marenica Project Scoping Study determined the value of calcrete hosted uranium
Slide 10: Australian Projects
Australian Projects NAMIBIA AUSTRALIA Namib Marenica Other Angela Thatcher Soak Oobagooma JV’s 100% Owned • Angela deposit: 31 Mlb at 1,310 ppm U3O8 • Thatcher Soak deposit: 11 Mlb at 425 ppm U3O8 • Oobagooma deposit: historical resource (unable to report) Joint Venture Interests • Bigrlyi deposit (
Slide 11: About U-pgrade TM
About UpgradeTM Patented technology differentiating Marenica from its peers What is U-pgradeTM • Marenica’s 100% owned and patented breakthrough beneficiation process • U-pgrade™ rejects >95% of mass prior to leach • U-pgrade™ shown to increase Marenica Project ore grade from 93 ppm to ~5,000 ppm U3
Slide 12: Contact
Contact Murray Hill Jane Morgan Managing Director Investor Relations murray.hill@marenicaenergy.com.au jm@janemorganmanagement.com.au +61 417 001 020 +61 405 555 618 12
Slide 13: JORC Resource Table
JORC Resource Table Cut-off Total Resource Marenica Share Deposit Category (ppm Tonnes U3O8 U3O8 V2O5 V2O5 Marenica Tonnes U3O8 U3O8 V2O5 V2O5 U3O8) (M) (ppm) (Mlb) (ppm) (Mlb) Holding (M) (ppm) (Mlb) (ppm) (Mlb) Australia - 100% Holding Angela Pamela JORC 2004 Inferred 300 10.7 1,310 30.8 100% 10.7
Slide 14: Competent Persons Statement
Competent Persons Statement Marenica Uranium Project: The Company confirms that the Mineral Resource Estimate for the Marenica Uranium Project has not changed since the annual review included in the 2019 Annual Report. The Company is not aware of any new information, or data, that effects the inform