Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Investor Presentation (July 2021)
19 slides from Elevate Uranium's investor presentation, Jul 1, 2021
Slide 1: Investor Presentation
For personal use only Investor Presentation 1 July 2021 ASX: EL8 1
Slide 2: Nuclear Power: Carbon Free Baseload Power
Nuclear Power For personal use only Carbon Free Baseload Power − Decarbonisation and electrification continue to develop globally − Both require carbon free nuclear power to achieve stated goals − Nuclear provides reliable baseload power − Nuclear is central to the clean energy transition − The worl
Slide 3: Uranium
Uranium For personal use only < Production > < Demand > Supply Side Constraints − Suppressed uranium price over 10 years − Uranium supply shortage and stockpiles depleting Mlbs U3O8 COVID Impact − Many uranium projects remain uneconomic at current uranium prices − Uranium price must rise significant
Slide 4: Delivering on Strategy
Delivering on Strategy For personal use only Strategy Acquire Acquire projects / tenements that meet a defined criteria Explore Exploration of large strategic tenement position U-pgrade™ Value add through application of patented U-pgradeTM uranium beneficiation process Delivery − Australian uranium
Slide 5: Namibian Projects
Namibian Projects For personal use only − Namibia is a world-class uranium province with an established uranium mining industry − 61 Mlb resource at Marenica Uranium Project beneficiates to ~5,000 ppm using U-pgrade™ − Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited f
Slide 6: Namib Area
Namib Area For personal use only − Contiguous land package − Exploration to date has achieved significant exploration results − Includes the Koppies, Hirabeb and Namib IV projects − Upstream of known deposits − Known uranium province – hosting >230 Mlb of defined uranium resources 6
Slide 7: Koppies Project
Koppies Project For personal use only Drilling at Koppies discovered exceptional uranium mineralisation − Drilling in 2019 indicates expected grade range of 300 – 350 ppm U3O8 − Palaeochannel currently 6.4 km2 − Drill ready for resource estimation – 3 months drilling required − Waiting for U3O8 pric
Slide 8: Hirabeb Project
Hirabeb Project For personal use only Exploration at Hirabeb identified extensive mineralised system − Palaeochannel extends >36 km, distance wider than English Channel − Mineralisation identified over 30 km − Large area of tenement covered by palaeochannel system 8
Slide 9: Namib IV Project
Namib IV Project For personal use only Extensive palaeochannel system discovered − Maiden geophysical survey focused on central area of tenement − Palaeochannel at least 19 km long and about 6 km wide − Drilling in progress − Third palaeochannel system discovered in Namib Area – previous palaeochann
Slide 10: Marenica Project
Marenica Project For personal use only Large JORC resource − 61 Mlb JORC resource − Mineralisation is calcrete hosted shallow palaeochannels − Beneficiates to ~5,000 ppm using U-pgrade™ − U-pgradeTM reduces capital and operating costs by ~50%, compared to conventional processes − Exploration potenti
Slide 11: Australian Projects
Australian Projects For personal use only 100% Owned - Angela – 31 Mlb at 1,310 ppm U3O8 - Minerva – high-grade uranium and gold - Thatcher Soak – 11 Mlb at 425 ppm U3O8 - Oobagooma – historical resource (unable to report) Joint Venture Interests - Bigrlyi (21% EL8) – 21 Mlb at 1,283 ppm U3O8 - Walb
Slide 12: Angela & U-pgrade
Angela & U-pgradeTM For personal use only Significant Operating Cost Reduction − Successful proof of concept U-pgradeTM testwork on ore from Angela − 84% of calcite (acid consumer) removed prior to leach − Leach acid consumption reduced from 104 to 24 kg/t, i.e. 80 kg/t − Current estimated acid pric
Slide 13: U-pgrade – The Icing on the Cake
U-pgradeTM – “The Icing on the Cake” For personal use only What is U-pgradeTM - Rejects >95% of mined ore mass prior to leach - Demonstrated to increase Marenica Project ore grade from 93 ppm to ~5,000 ppm U3O8 - Rejects acid consumers and thereby reduces acid consumption - 100% owned and patented b
Slide 14: Corporate Snapshot
Corporate Snapshot For personal use only Experienced Board & Management Capital Structure Andrew Bantock Chairman ASX Code EL8 Over 44 Share Price (30 June 2021) $0.33 Murray Hill Managing Director/CEO years of Shares on issue 227 M Nelson Chen Non-Executive Director uranium experience Options on is
Slide 15: Exploration Programs
Exploration Programs For personal use only 2021 2022 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Namibia Namib Area Airborne EM Hirabeb Drilling Geophysics (Ground) Other EPL’s Geophysics (Ground) Drilling Australia Angela Minerva Oobagooma 15
Slide 16: Investment Highlights
Investment Highlights For personal use only Namibian tenement holdings with significant uranium exploration results achieved and substantial upside for exploration success 61 Mlb U3O8 resource at Marenica Uranium Project, Namibia 48 Mlb U3O8 resources in Australia U-pgrade™ beneficiation process dem
Slide 17: Contact
For personal use only Contact Murray Hill Managing Director / CEO p: +61 8 6555 1816 e: mhill@elevateuranium.com.au Elevate Uranium Limited ASX: EL8 www.elevateuranium.com.au 17
Slide 18: JORC Resource Table
JORC Resource Table For personal use only Cut-off Total Resource Elevate Share Deposit Category (ppm Tonnes U3O8 U3O8 V2O5 V2O5 Elevate Tonnes U3O8 U3O8 V2O5 V2O5 U3O8) (M) (ppm) (Mlb) (ppm) (Mlb) Holding (M) (ppm) (Mlb) (ppm) (Mlb) Australia - 100% Holding Angela JORC 2012 Inferred 300 10.7 1,310 3
Slide 19: Disclaimer & CP's Statement
Disclaimer & CP’s Statement For personal use only 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 EL