Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Noosa Mining & Exploration Investor Conference Online 2020
15 slides from Elevate Uranium's conference presentation, Nov 11, 2020
Slide 1: ASX Announcement: Noosa Mining & Exploration Investor Conference Online Presentation
Office C1, 1139 Hay Street West Perth WA 6005 +61 (0)8 6555 1816 www.marenicaenergy.com.au ASX Announcement Noosa Mining & Exploration Investor Conference Online Presentation 11 November 2020 Manager ASX Market Announcements Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000 De
Slide 2: Noosa Mining & Exploration Investor Conference Online Presentation
Acquire Explore U-pgradeTM Noosa Mining & Exploration Investor Conference Online Presentation 11 November 2020 ASX:MEY
Slide 3: Uranium: Supply side constraints
Uranium Supply side constraints < Production > < Demand > • Suppressed uranium spot price over an extended period • No new Uranium production coming on stream • Uranium stockpiles have been depleted Mlbs U3O8 • Supply side deficit existed at start of COVID Impact 2020 • Global pandemic significantly
Slide 4: A Developing Uranium Company
A Developing Uranium Company Strategy Acquire Acquire projects / tenements that meet a defined criteria Explore Strategic exploration of large tenement position U-pgrade™ Value add through application of patented U-pgradeTM uranium beneficiation process Delivering on Strategy • Australian uranium as
Slide 5: Namibia
Namibia Mile 72 Area • Namibia is a world-class uranium province with an established uranium mining industry • Marenica is the largest tenement holder for uranium in Namibia Marenica Area • Tenements upstream of known calcrete hosted palaeochannel deposits • Target mineralisation is calcrete hosted
Slide 6: Namib Area
Namib Area • Contiguous land package Angela • Known uranium province – hosting >230 Mlb of resources • Upstream of known deposits • Exploration to date has been successful 5
Slide 7: Koppies Project
Koppies Project Drilling at Koppies has delivered AUSTRALIA exceptional uranium mineralisation Angela Thatcher Soak Oobagooma JV’s 2019 Koppies drill results: • 13 m at 905 ppm U3O8 Incl. 2 m at 4,504 ppm U3O8 • 3 m at 3,087 ppm U3O8 ? Incl. 1 m at 7,060 ppm U3O8 • 10 m at 687 ppm U3O8 ? Incl. 2 m a
Slide 8: Hirabeb Project
Hirabeb Project Exploration at Hirabeb identifies extensive mineralised palaeochannel system Angela • Palaeochannel extends >36 km, distance wider than English Channel • Mineralisation identified over 30 km • Large area of tenement covered by palaeochannels 7
Slide 9: Australian Projects
Australian Projects NAMIBIA Namib Marenica Other 100% Owned JV’s • Angela deposit: 31 Mlb at 1,310 ppm U3O8 • Minerva deposit high-grade uranium and gold • Thatcher Soak deposit: 11 Mlb at 425 ppm U3O8 • Oobagooma deposit: historical resource (unable to report) Joint Venture Interests • Bigrlyi depo
Slide 10: U-pgrade TM – The Differentiator
U-pgradeTM – The Differentiator What is U-pgradeTM • 100% owned and patented breakthrough beneficiation process developed in collaboration with CSIRO • U-pgrade™ rejects >95% of mass prior to leach • U-pgrade™ demonstrated to increase Marenica Project ore grade from 93 ppm to ~5,000 ppm U3O8 • U-pgr
Slide 11: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Andrew Bantock +25 years experience as Director, CEO and CFO roles ASX Code MEY Chairman primarily in mining Share Price (10 November 2020) $0.097 Murray Hill +35 years experience in the mining industry, including 14 MD/CEO years in
Slide 12: Investment Highlights
Investment Highlights Large scale Namibian tenement holdings with successful uranium exploration results achieved Portfolio of under-developed high-grade uranium assets in Australia Breakthrough U-pgrade™ beneficiation process shown to reduce cost at Marenica Project, providing Marenica with a first
Slide 13: Contact
Contact Murray Hill Warrick Lace Managing Director Investor Relations murray.hill@marenicaenergy.com.au warrick.lace@reachmarkets.com.au +61 417 001 020 +61 404 656 408 12
Slide 14: JORC Resource Table
JORC Resource Table Cut-off Total Resource Marenica Share Deposit Category (ppm Tonnes U3O8 U3O8 V 2O5 V2O5 Marenica Tonnes U3O8 U3O8 V2O5 V2O5 U3O8) (M) (ppm) (Mlb) (ppm) (Mlb) Holding (M) (ppm) (Mlb) (ppm) (Mlb) Australia - 100% Holding Angela Pamela JORC 2012 Inferred 300 10.7 1,310 30.8 100% 10.
Slide 15: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Disclaimer: This presentation has been prepared by Marenica Energy Limited (MEY) 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 MEY. No agree
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