Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Investor Presentation (November 2025)
23 slides from Elevate Uranium's investor presentation, Nov 27, 2025
Slide 1: Advancing Globally Significant Uranium Projects
For personal use only Advancing Globally Significant Uranium Projects From Discovery to Development Corporate Presentation November 2025 ASX: EL8 OTCQX: ELVUF NSX: EL8
Slide 2: Dedicated Uranium Portfolio
Dedicated Uranium Portfolio 161 Mlb U308 Total Global Resources across two Tier-1 Jurisdictions1 For personal use only Critical Mass and High-Grade Optionality Discovery Potential 49 Mlb U3O81 112 Mlb U3O81 - Multiple high-grade - Four discoveries in prospects. four years. - Provides diversification
Slide 3: Corporate Overview
Corporate Overview Capital Structure Major Shareholders Board and Management. For personal use only Over 40 years of uranium industry experience 457 M A$112 M Scott Perry Murray Hill Shares on Issue Market Cap Non-Executive Chair Managing Director ASX:EL8 at $0.245/share as at 21 November 2025 • +25
Slide 4: Focused Strategy For Accelerated Growth
Key Value Catalysts Focused Strategy For Accelerated Growth For personal use only 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 & Capi
Slide 5: The U-pgrade Advantage
The U-pgrade Advantage Optimised processing metrics and delivering industry-leading project economics For personal use only • 100% owned and patented ore beneficiation process. • Developed in 2013 using samples from Marenica, to provide a process route for calcrete ores. • Focuses on removing non-ur
Slide 6: U-pgrade Demonstration (Pilot) Plant
U-pgrade Demonstration (Pilot) Plant The Critical Catalyst for De-Risking For personal use only • Plant operation aims to confirm and demonstrate the production of low-mass high-grade concentrate. • Successful operation provides definitive data to inform advanced technical studies (Scoping Study/PFS
Slide 7: Flagship Koppies Resource
Flagship Koppies Resource Shallow ore, low-cost potential For personal use only 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
Slide 8: Koppies Uranium Project
Koppies Uranium Project Significant Resource Potential For personal use only • Koppies Uranium Project Resource comprises: • Koppies Resource of 56 Mlb U308. • Hirabeb Resource of 10 Mlb U308. • Targeting Maiden MRE at Namib IV Q1 CY2026 and ongoing exploration across the project area to grow the re
Slide 9: Marenica Uranium Project
Marenica Uranium Project Resource Growth and Development Potential For personal use only • Current JORC resource of 61 Mlb U3O8. • Resource review underway to update the resource to a higher cut-off grade. • Infill drilling planned to increase the resource confidence to indicated level and inform Sc
Slide 10: Namibia: Tier-1 Uranium Jurisdiction
Namibia Tier-1 Uranium Jurisdiction For personal use only Proven Uranium Producing Jurisdiction • Holds the fifth largest uranium reserves and third largest global producer, supplying 12% of global uranium in 20241. • 49-year history of safe uranium production and export, with strong government and
Slide 11: Angela Uranium Project
Angela Uranium Project Immediate Exploration Targets in Tier-1 Jurisdiction For personal use only • JORC Resource 31 Mlb U308 at 1,310 ppm U3O81 located in uranium-friendly, Northern Territory (NT). • Seismic survey identified the lens that is mineralised, a second lower-lying lens identified and is
Slide 12: Minerva Prospect
Minerva Prospect High-grade prospect with immediate targets For personal use only • 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 gr
Slide 13: Strong News flow and Value Catalysts
Strong News flow and Value Catalysts Delivering on our development initiatives and unlocking future value For personal use only U-pgrade Project Development Namibia Australia 13 ASX: EL8 | OTCQX: ELVUF
Slide 14: Invest in a Near-Term Uranium Developer
Invest in a Near-Term Uranium Developer Actively progressing our development plans to supply carbon free energy For personal use only 161 Mlb Global Industry-Leading Robust Capital Portfolio Growth Positioned for Resource Cost Profile Structure Potential Success Premier assets in tier-1 Transformati
Slide 15: For personal use only
For personal use only 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 16: JORC Resource Table
JORC Resource Table Cut-off Total Resource Elevate Share Deposit Category (ppm Tonnes U3O8 U3O8 Elevate Tonnes U3O8 U3O8 Holding For personal use only U3O8) (M) (ppm) (Mlb) (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
Slide 17: 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 For personal use
Slide 18: Flagship Koppies Resource
Flagship Koppies Resource Large uranium resource at pre-development stage For personal use only • 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 exist
Slide 19: Hirabeb Deposit
Hirabeb Deposit Adding uranium resources to the Koppies project For personal use only • October 2024 Maiden Inferred Resource of 10.2 Mlb U3O8. • Located within the Koppies Project area, in close proximity to the Koppies resource. • Recent drilling intersected mineralisation northwest of current res
Slide 20: Namib IV Exploration
Namib IV Exploration Large mineralised area For personal use only • Located within the Koppies Project area, only 10 km from the Koppies resource. • Current program includes infill resource drilling and step out drilling to expand the mineralised area. • Notable Namib IV Intersections* • 8.0 m at 36
Slide 21: Capri Uranium Project
Capri Uranium Project Strategic resource position with exploration potential For personal use only • 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 U
Slide 22: Australia Uranium Resources
Australia 49 Mlb Uranium Resources For personal use only Australia is the fourth largest uranium 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. • Minerva - High-grade uranium, 10 drill holes with grades in e
Slide 23: Uranium's Current and Future Demand
Uranium‘s Current and Future Demand Securing reliable baseload carbon free energy For personal use only 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 bas
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