Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — 121 Mining Investment Event - New York City (June 2023)
21 slides from Elevate Uranium's conference presentation, Jun 5, 2023
Slide 1: Presentation to 121 Mining Investment Event - New York City
For personal use only Presentation to 121 Mining Investment Event - New York City 5 June 2023 ASX: EL8 OTCQX: ELVUF NSX: EL8 www.elevateuranium.com.au 1
Slide 2: Nuclear – Carbon Free Baseload Energy
Nuclear – Carbon Free For personal use only Baseload Energy Creating a cleaner future − 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 baseload
Slide 3: Uranium Shortage
For personal use only < Production > < Demand > Uranium Shortage Supply Side Constraints, Demand Increasing − Uranium supply shortage, demand increasing Mlbs U3O8 − Supply chain uncertainty from geopolitical risk (yellowcake, conversion and enrichment) − Uranium price must rise significantly to ince
Slide 4: Investment Highlights
The Company has been solely operating in uranium exploration for 16 years For personal use only 81 Mlb U3O8 resource at Marenica and Koppies Uranium Projects, Namibia Investment Four uranium discoveries in Namibia in the past 4 years – Koppies, Namib IV, Hirabeb & Capri Highlights 48 Mlb U3O8 resour
Slide 5: Namibia
For personal use only 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 − Elevate is holder of the largest tenement area for uranium in Namibia − Exploration ore ty
Slide 6: Namib Area
For personal use only Namib Area − 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, two drill rigs operating − The Namib Area hosts >270 Mlb
Slide 7: Koppies Project
Koppies Project For personal use only Initial uranium resource, significant exploration upside − Initial JORC resource of 20 Mlb U3O8 − Exploration concluded that Koppies 1, 2, 3 and 4 are all connected, for an aggregate length of 20 km − Additional exploration and resource infill drilling in progre
Slide 8: Hirabeb Project
For personal use only Hirabeb Project Exploration delineated large mineralised zones, exploration upside − 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, dri
Slide 9: Central Erongo Area
For personal use only Central Erongo Area − Marenica Uranium Project – large resource of 61 Mlb U3O8 − Marenica only 30 km north of Trekkopje Uranium Mine and 55 km north of Rossing Uranium Mine − The area includes large calcrete hosted uranium resources at Marenica and Trekkopje − Capri – 16 km of
Slide 10: Marenica Project
For personal use only Marenica Project Large JORC resource, exploration upside − 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 − Significan
Slide 11: Capri Project
For personal use only Capri Project 16 km of mineralisation − Uranium mineralisation continuous over 16 km ² − Shallow mineralisation within palaeochannels − Palaeochannel in the east yet to be drilled − Ore type is calcrete hosted, suitable for processing with our U-pgradeTM beneficiation process 2
Slide 12: Australia
Australia For personal use only Australia is a Tier 1 Uranium mining 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
Slide 13: Northern Territory Projects
Northern Territory Projects For personal use only Angela Minerva3 - Inferred resource of 31 Mlb at 1,310 ppm U3O8 - 10 drill holes with grades in excess of 10,000 ppm or 1% U3O8 - Application of U-pgradeTM reduces projected acid consumption and operating costs - Uranium mineralisation over strike le
Slide 14: Western Australia Projects
Western Australia Projects For personal use only Oobagooma Thatcher Soak - High grade uranium mineralisation from 40 to 120 m - Inferred resource of 11 Mlb at 425 ppm U3O8 below surface - Located in same province as Yeelirrie, Centipede & - 26 to 52 Mlb U3O8 Exploration Target4 Lake Maitland calcret
Slide 15: U-pgrade – What is it?
U-pgradeTM – “What is it?” For personal use only What is U-pgradeTM Demonstrated Benefits - Breakthrough ore beneficiation process developed, - Increases Marenica Uranium Project ore grade from patented and 100% owned by Elevate 93 ppm to ~5,000 ppm U3O8 (i.e. by removal of waste) - Rejects >95% of
Slide 16: U-pgrade – The Icing on the Cake
U-pgradeTM – “The Icing on the Cake” For personal use only Significant Benefits Environmental Benefit - Produces low-mass high-grade concentrate - U-pgradeTM removes acid consuming waste material (“gangue”), thereby reducing the volume of acid - Potentially reduces CAPEX and OPEX by ~50%, transporte
Slide 17: Corporate Snapshot
Corporate Snapshot For personal use only Board & Management Capital Structure Andrew Bantock Non-executive Chairman ASX Share Price (19 May 2023) A$0.31 Murray Hill Managing Director/CEO Over 40 years of Shares on issue 276 M uranium industry Stephen Mann Non-Executive Director Options on issue 21 M
Slide 18: Why Invest
The Company has been solely operating in uranium exploration for 16 years For personal use only 81 Mlb U3O8 resource at Marenica and Koppies Uranium Projects, Namibia Four uranium discoveries in Namibia in the past 4 years – Koppies, Namib IV, Hirabeb & Capri Why Invest 48 Mlb U3O8 resources in Aust
Slide 19: 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 OTCQX: ELVUF NSX: EL8 www.elevateuranium.com.au www.elevateuranium.com.au 19
Slide 20: Resource Table
Deposit Category Cut-off Total Resource Elevate Share Elevate (ppm Tonnes U3 O8 U3O 8 Holding Tonnes U3O 8 U3 O 8 U3 O8 ) (M) (ppm) (Mlb) (M) (ppm) (Mlb) Namibia Koppies Koppies I JORC 2012 Inferred 100 8.7 240 4.6 For personal use only Koppies II JORC 2012 Inferred 100 32.8 215 15.7 Koppies Total J
Slide 21: 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
Elevate Uranium — 121 Mining Investment Event - New York City (June 2023) on 6ix