Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — World Nuclear Symposium 2026
30 slides from Elevate Uranium's conference presentation, September 2026
Slide 1: Advancing Globally Significant Uranium Projects
Advancing Globally Significant Uranium Projects From Discovery to Development World Nuclear Symposium Presentation September 2026 ASX: EL8 OTCQX: ELVUF NSX: EL8
Slide 2: Dedicated Uranium Portfolio
Dedicated Uranium Portfolio 181 Mlb U308 Total Global Resources across two Tier-1 Jurisdictions1 Critical Mass and High-Grade Exploration Discovery Potential Opportunities 123 Mlb U3O81 57 Mlb U3O81 - Four discoveries in - Multiple high-grade four years. prospects. - Assets leveraged - Provides dive
Slide 3: Corporate Overview
Corporate Overview Capital Structure Major Shareholders Board and Management. Over 40 years of uranium industry experience 470 M A$127 M Scott Perry Murray Hill Shares on Issue Market Cap Non-Executive Chair Managing Director ASX:EL8 at $0.27/share as at 31 Aug 2026 • +25 years as international seni
Slide 4: Key Value Catalysts
Key Value Catalysts Focused Strategy For Accelerated Growth De-risking the pathway to production and leveraging proprietary technology to achieve superior project economics. Core Strategic Prove & De-Risk the Scale & Confidence of Unlock Optionality with Strategic Growth & Capital Pillars U-pgrade A
Slide 5: The U-pgrade Advantage
The U-pgrade Advantage Optimised processing metrics, designed to achieve industry-leading project economics • 100% owned and patented ore beneficiation process. • Developed in 2013 using samples from Marenica, to provide a process route for calcrete ores - applicable on shallow, secondary uranium de
Slide 6: U-pgrade Pilot Plant Results
U-pgrade Pilot Plant Results First continuous operating data confirms bench-scale performance 88% ore mass rejected 79% uranium recovery Stages 1 to 4 Stages 1 to 4 7x upgrade ratio achieved 89 → 590 ppm U Stages 1 to 4 Ore to Stage 5 feed • All five stages operating and under continuous optimisatio
Slide 7: A Five Stage Process, Four Stages Reported
A Five Stage Process, Four Stages Reported Each stage rejects mass and lifts grade 7 See Elevate Uranium ASX Announcement dated 31st August 2026 for details on reported results Note. Numbers may not add due to rounding ASX: EL8 | OTCQX: ELVUF
Slide 8: Pilot Performance In Line With Bench Scale
Pilot Performance In Line With Bench Scale Same ore, comparable head grade, comparable result 100% 100% • Pilot head grade 89 ppm U against 80 ppm U at bench 100% scale. 90% 5000 • Ore excavated in 2012 at the then resource grade (93 ppm 80% 4241 Mass Remaining (% of original ore) U3O8 or 79 ppm U),
Slide 9: U-pgrade Pilot Plant Results
U-pgrade Pilot Plant Results Lifts Marenica from 105 ppm to 695 ppm U₃O₈ across four stages Resource Grade vs U-pgrade Grades Estimated Stage 1-5 Conc Grade (2026 Marenica Resource) ~7,100 • Marenica's pilot feed grades 105 ppm U₃O₈, the lowest grade material in the peer group. Estimated Stage 1-5 C
Slide 10: Same ROM Ore Feed, Significant Leach Volume Difference
Same ROM Ore Feed, Significant Leach Volume Difference U-pgrade versus Conventional U-pgrade Four sequential rejection points. Stage 4 removes carbonate, enabling acid leaching. x4 Leach Tanks To leach the equivalent original ore mass via U-pgradeTM leach circuit vs. Conventional Calcrete Processing
Slide 11: From Mine to Beneficiation
From Mine to Beneficiation Elevate’s simplified approach Other Namibian Calcrete Deposits Elevate – Marenica and Koppies Drilling and blasting, crushing and Surface miner, no drilling, blasting, crushing stockpile reclaim. or stockpile reclaim. • Use of surface miner at Marenica and Koppies produces
Slide 12: Namibia Tier-1 Uranium Jurisdiction
Namibia Tier-1 Uranium Jurisdiction Proven Uranium Producing Jurisdiction • Holds the fifth largest uranium reserves and third largest global producer, supplying 12% of global uranium in 2024.1 • 50-year history of safe uranium production and export, with strong government and community support. • T
Slide 13: Marenica Uranium Project
Marenica Uranium Project Resource Growth and Development Potential • Resource updated June 2026 with a grade of 180 ppm U3O8.1 • Updated JORC resource of 53 Mlb U3O82 (47.5 Mlb U3O8 Elevate's share following the move to 90% ownership in July 2026). • Infill drill program to increase resource confide
Slide 14: Koppies Mineral Resource
Koppies Mineral Resource Shallow ore, low-cost potential Shallow Resource Depth • Mineralisation starts from surface with 50% of the resource within 7 m of surface, and 95% within 17 m of surface. • This depth profile supports the potential for low-cost, low-strip ratio mining. • Applying the U-pgra
Slide 15: Koppies Uranium Project
Koppies Uranium Project Resource Size Suitable to Develop • Total Koppies Uranium Project Resource stands at 76.2 Mlb, comprising:1 • Koppies Resource of 56 Mlb U308. • Hirabeb Resource of 10 Mlb U308. • Namib IV Resource 10 Mlb U308 (announced April 2026) • ~360 Mlb U308 of resources within a 50 km
Slide 16: Namib IV Maiden Resource
Namib IV Maiden Resource Significant Growth Potential • 10.1 Mlb U308 Maiden JORC MRE1 announced April 2026 - extending potential mine life or boosting future production rates at Koppies. • 81% of the resource is hosted in basement schists and granites – a mineralisation style EL8 identified and sys
Slide 17: Australia Uranium Resources
Australia 57 Mlb Uranium Resources Australia is the fourth largest uranium producer and largest resource base in the world. 100% Owned • Angela (NT) - 31 Mlb at 1,310 ppm U3O8. 1 • Napperby (NT) – 8.03 Mlb at 382 ppm U3O8. 1 • Thatcher Soak (WA) - 11 Mlb at 425 ppm U3O8. 1 • Minerva (NT) - High-grad
Slide 18: Strong News flow and Value Catalysts
Strong News flow and Value Catalysts Delivering on our development initiatives and unlocking future value U-pgrade Project Development Namibia Australia 18 ASX: EL8 | OTCQX: ELVUF
Slide 19: Invest in a Near-Term Uranium Developer
Invest in a Near-Term Uranium Developer Actively progressing our development plans to supply uranium for carbon free energy 181 Mlb Global Industry-Leading Strong Financial Portfolio Growth Positioned for Resource Cost Profile Position Potential Success Premier assets in tier-1 Stage 1-4 results val
Slide 20: Murray Hill
Murray Hill | Managing Director / CEO Elevate Uranium Limited P: +61 8 6555 1816 E: mhill@elevateuranium.com.au elevateuranium.com.au ASX: EL8 | OTCQX: ELVUF Investor Relations and Media Enquiries Madeline Howson P: +61 8434 073 160 E: madeline@discovir.com.au
Slide 21: 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 Project Koppies JORC 2012 Indicated 100 98.0 200 43.6 100% 98.0 200 43.6 JORC 2012 Inferred 100 35.4 160 12.3 100% 35
Slide 22: 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
Slide 23: Koppies Resource
Koppies Resource Large uranium resource at pre-development stage • October 2024 JORC total resource of 56 Mlb U3O8. Koppies Resource Mlb (U3O8) % Indicated 43.6 78% Inferred 12.3 22% Total 55.9 100% • Koppies Resource has an aggregate length of 20 km. • Access to existing power line and road that pa
Slide 24: Hirabeb Deposit
Hirabeb Deposit Adding uranium resources to the Koppies project • October 2024 Maiden Inferred Resource of 10.2 Mlb U3O8.1 • Located within the Koppies Project area, in close proximity to the Koppies resource. • Recent drilling intersected mineralisation northwest of current resource, confirming it
Slide 25: Capri Uranium Project
Capri Uranium Project Strategic resource position with exploration potential • 16 km of mineralisation identified only 35 km from Marenica. • Drilling completed during Q1 CY2024 tested extensions to the mineralised envelope. • Notable intersections included: • 3.5 m @ 438 ppm U3O8 from surface (CAP0
Slide 26: Angela Uranium Project
Angela Uranium Project High Grade Resource in Tier-1 Jurisdiction • JORC Resource 31 Mlb U308 at 1,310 ppm U3O81 located in uranium-friendly Northern Territory (NT). • Drilling completed in early 2026 returned mineralised intersections corresponding with the historical mineral resource wireframes, i
Slide 27: Minerva Prospect
Minerva Prospect High-grade prospect with immediate targets • Located in the uranium rich Ngalia Basin ~ 170 km NW of Alice Springs, Northern Territory. • Data review identified 49 mineralised drill holes with sample uranium grades +250 ppm U3O8. • 10 drill holes with sample grades +10,000 ppm or 1.
Slide 28: Napperby Uranium Project
Napperby Uranium Project Immediate Exploration Targets in Tier-1 Jurisdiction • JORC Resource 9.54 Mt @ 382 ppm U308 containing 8.03 Mlb U308 (at 200 ppm cut-off).1 • Located ~150 km NW of Alice Springs and 25 km from EL8’s Minerva Project, along the sealed Tanami Road in uranium-friendly Northern T
Slide 29: Fitton Prospect
Fitton Prospect High-grade prospect with immediate targets • Located in the Flinders Ranges of SA, ~500km N of Adelaide in a proven uranium province. • <25km from the Beverley and Four Mile Uranium Mines. • Historical drilling returned thick, high-grade intersections including:1 • 21 m @ 384 ppm U3O
Slide 30: Uranium's Current and Future Demand
Uranium‘s Current and Future Demand Securing reliable baseload carbon free energy Global electricity demand is projected to increase by more than 50% by 2040, driven by decarbonisation and electrification. Nuclear is central to the clean energy transition providing reliable baseload carbon free ener