Slide 1: IMARC 2023 Presentation
For personal use only IMARC 2023 - Presentation 31 October 2023 ASX: EL8 OTCQX: ELVUF NSX: EL8 elevateuranium.com.au
Slide 2: Why Invest in Elevate Uranium (ASX:EL8)
Why Invest in Elevate Uranium (ASX:EL8) For personal use only Direct Exposure to Two Tier-1 115Mlb U3O8 Global Resource Base Uranium Mining Jurisdictions: with significant growth potential Namibia & Australia Extensive & Diverse Project Pipeline Patented, Disruptive U-pgrade™ covering prospective gr
Slide 3: Elevate Global Uranium Portfolio Snapshot
Elevate Global Uranium Portfolio Snapshot Diversified portfolio across jurisdiction, development phase and deposit type For personal use only - Resource Development /Growth & Technical Studies - Resource Definition - Exploration - Option Play Central Erongo - Headquarters Area Marenica Namib Area 46
Slide 4: Elevate Uranium History
Elevate Uranium History For personal use only Growth & $160 Funded Uranium Discovery Phase Exploration and $140 Namib IV Discovery Development Koppies Discovery Hirabeb Discovery Company $120 Capri Discovery Uranium Price (US$) $100 Acquisition $80 Growth Phase Strategic During $60 Objectives: Urani
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure Share Price Chart (ASX:EL8) & U3O8 Price1 Major Shareholders 277.9M $119.5M $0.80 Volume Last Price U3O8 Price Rebalanced 3.5 7.3% 4.7% SHARES ON ISSUE MARKET CAP $0.70 ASX: EL8 At $0.430/sh 3.0 4.4% 3.9% $0.60 2.5 2.8% ~$7.7M Nil $0.50 76.9
Slide 6: Board & Management
Board & Management Over 40 years of uranium industry experience For personal use only ANDREW BANTOCK – Non-Executive Chair (since 2018) SHANE MCBRIDE – CFO & Company Secretary (since 2017) Senior Managing Director– FTI Consulting - +35 years industry experience Accounting & Finance - +38 years indus
Slide 7: Namibia: A Tier One Uranium Jurisdiction
Namibia A Tier One Uranium Jurisdiction For personal use only − 3rd largest producer and 5th largest resources in the world − Established uranium mining industry operating for 47 years − EL8 is holder of the largest tenement area for uranium in Namibia − Exploration ore type is shallow surficial min
Slide 8: Namibia Project Pipeline
Capri Namibia Project Pipeline Marenica Unique pipeline of projects spanning from the For personal use only resource development to discovery phase Resource Growth & Technical Studies Koppies Marenica Hirabeb Resource Definition Capri Namib IV Drill Ready Anomalies Ganab West Koppies Future “Discove
Slide 9: Namib Area
Namib Area Adjacent to uranium development projects For personal use only & operating mines − Exploration has achieved significant results − In recent years we have discovered the Koppies, Hirabeb and Namib IV projects − 20 Mlb U3O8 resource at Koppies − Exploration and resource drilling in progress
Slide 10: Flagship Koppies Project
Flagship Koppies Project Maiden uranium resource, significant For personal use only exploration upside − Initial JORC resource of 20 Mlb U3O8 with large-scale growth potential and delineation of high-grade zones − Koppies 1, 2, 3 and 4 are all connected, for an aggregate length of 20 km − Mineralisa
Slide 11: Hirabeb Project
Hirabeb Project Exploration has delineated large-scale For personal use only 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 to date is wide spaced, drill lines 5
Slide 12: Central Erongo Area
Central Erongo Area Strategic landholding close to operating For personal use only uranium mines − Marenica Uranium Project – large resource of 61 Mlb U3O8 − Marenica only 30 km north of Trekkopje Uranium Mine1 and 55 km north of Rossing Uranium Mine1 − The area includes large calcrete hosted uraniu
Slide 13: Marenica Project
Marenica Project Large JORC resource & growth potential For personal use only − 61 Mlb U3O8 JORC resource − U-pgrade™ process beneficiates uranium ore to ~5,000 ppm U3O8 − U-pgradeTM has been demonstrated to reduce capital and operating costs by ~50%, compared to conventional processes − Significant
Slide 14: Capri Project
Capri Project Uranium mineralisation continuous For personal use only over 16 km − Shallow mineralisation within palaeochannels − Exploration targets west of the mineralisation − Palaeochannel in the east yet to be drilled − Ore type is calcrete hosted, suitable for processing with our U-pgradeTM be
Slide 15: Australia
Australia Tier 1 Uranium mining jurisdiction; For personal use only 4th largest producer and largest resource base 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 an
Slide 16: Northern Territory Portfolio
Northern Territory Portfolio For personal use only Angela - A new understanding and viewpoint - 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 Minerva Malwari Minerva
Slide 17: Western Australian Portfolio
Western Australian Portfolio For personal use only Oobagooma - High grade uranium mineralisation from 40 to 120 m below surface - 26 to 52 Mlb U3O8 Exploration Target4 Oobagooma - Exploration potential Thatcher Soak W ESTERN AUSTRALIA - Inferred resource of 11 Mlb at 425 ppm U3O8 - Located in same p
Slide 18: U-pgrade: The Icing on the Cake
U-pgradeTM – “The Icing on the Cake” WHAT IS U-PGRADETM? U-PGRADETM DIFFERENCE THE BENEFITS For personal use only - Breakthrough ore Demonstrated Benefits beneficiation - Increases Marenica ore grade from 93 ppm to ~5,000 ppm U3O8 process developed, (i.e. by removal of waste material, “gangue”) pate
Slide 19: Nuclear – Carbon Free Baseload Energy
Nuclear – Carbon Free Baseload Energy Creating a cleaner future For personal use only Power generation Global importance of decarbonisation and electrification Both require carbon free nuclear energy to achieve stated goals Nuclear is central to the clean energy transition Nuclear provides reliable
Slide 20: Uranium Shortage
Uranium Shortage Supply Side Constraints, Demand Increasing For personal use only Production Demand − Uranium supply shortage, demand increasing − Supply chain uncertainty from geopolitical risk Potential production shortfall (yellowcake, conversion and enrichment) − Uranium price must rise signific
Slide 21: Why Invest in Elevate Uranium (ASX:EL8)
Why Invest in Elevate Uranium (ASX:EL8) For personal use only Direct Exposure to Two Tier-1 115Mlb U3O8 Global Resource Base Uranium Mining Jurisdictions: with significant growth potential Namibia & Australia Extensive & Diverse Project Pipeline Patented, Disruptive U-pgrade™ covering prospective gr
Slide 22: Contact
Contact Murray Hill For personal use only Managing Director / CEO Elevate Uranium Limited p: +61 8 6555 1816 e: mhill@elevateuranium.com.au ASX: EL8 OTCQX: ELVUF NSX: EL8 www.elevateuranium.com.au www.elevateuranium.com.au
Slide 23: JORC Resource Table
JORC Resource Table Total Resource Attributable Cut-off Tonnes Grade Tonnes Grade Deposit Category Cont. U3O8 (Mlb) EL8 Holding (%) Cont. U3O8 (Mlb) (ppm) (Mt) (ppm) (Mt) (ppm) For personal use only Namibia Indicated Marenica JORC 2004 50 26.5 110 6.4 75% 19.9 110 4.8 Sub Total Indicated 26.5 110 6.
Slide 24: 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