Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Investor Presentation (November 2025)
23 slides from Elevate Uranium's investor presentation, November 2025
Slide 1: Advancing Globally Significant Uranium Projects From Discovery to Development
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 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 - Core assets leverag
Slide 3: Corporate Overview
Corporate Overview Capital Structure Major Shareholders Board and Management. 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 years as internationa
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 and delivering 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. • Focuses on removing non-uranium bearing minerals
Slide 6: U-pgrade Demonstration (Pilot) Plant
U-pgrade Demonstration (Pilot) Plant The Critical Catalyst for De-Risking • 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) and validating the p
Slide 7: Flagship Koppies Resource
Flagship Koppies 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-pgr
Slide 8: Koppies Uranium Project
Koppies Uranium Project Significant Resource Potential • 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 resource base. • ~359 Ml
Slide 9: Marenica Uranium Project
Marenica Uranium Project Resource Growth and Development Potential • 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 Scoping Study – targetin
Slide 10: 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 20241. • 49-year history of safe uranium production and export, with strong government and community support. • T
Slide 11: Angela Uranium Project
Angela Uranium Project Immediate Exploration Targets in Tier-1 Jurisdiction • 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 the target for explor
Slide 12: 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 13: 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 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 161 Mlb Global Industry-Leading Robust Capital Portfolio Growth Positioned for Resource Cost Profile Structure Potential Success Premier assets in tier-1 Transformative, patented ~$40M Cas
Slide 15: Murray Hill | Managing Director / CEO
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 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 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 agreement to sub
Slide 18: Flagship Koppies Resource
Flagship 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 roa
Slide 19: Hirabeb Deposit
Hirabeb Deposit Adding uranium resources to the Koppies project • 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 resource, confirming it r
Slide 20: Namib IV Exploration
Namib IV Exploration Large mineralised area • 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 364 ppm U3O8 from 3.0 m
Slide 21: 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 22: Australia
Australia 49 Mlb Uranium Resources 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 excess of 10,000 ppm or
Slide 23: 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
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