Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Marenica Energy — Shareholder Meeting (November 2015)
14 slides from Elevate Uranium's shareholder meeting presentation, Nov 30, 2015
Slide 1: 2015 CEO Presentation to AGM
Marenica Energy Limited 2015 CEO Presentation to AGM Growing the Company using the Disruptive U-pgradeTM Process 30/11/2015 1
Slide 2: Disclaimer
Disclaimer 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 agreement to subscribe for securitie
Slide 3: This Year's Achievements
This Year's Achievements Introduced new strategic investor to support the company Successfully completed first stage testwork on Wiluna ore • Positive results indicate increased applicability of U-pgradeTM Continued to improve design of the Pilot plant, reducing cost and broadening applicability Pos
Slide 4: Company Strategy
Company Strategy Continue to engage with resource owners to demonstrate outstanding potential to add value to their existing resources Build on a strong process technology platform by adding variations to U-pgradeTM that improve efficiency of the process further, increase applicability to commoditie
Slide 5: U-pgrade TM – In Summary
U-pgradeTM – In Summary U-pgradeTM process is applicable to surficial deposits, and on the Marenica ore is designed to; Concentrate uranium in ore ~30-50 times prior to leaching Reject >97% of mined ore prior to leaching Reject carbonate (acid consumer) to create an environment suitable for acid lea
Slide 6: U-pgrade TM – Application to Toro
U-pgradeTM – Application to Toro Toro Energy Surficial calcrete resources in WA U-pgradeTM testwork program in progress Excellent results achieved to date Expect to produce low mass concentrate Next stage of testwork aimed at confirming performance of U-pgradeTM and quantifying value add to Wiluna P
Slide 7: Application to Deep Yellow
Application to Deep Yellow Deep Yellow Deep Yellow has surficial calcrete deposits in Namibia and Australia Namibia has a uranium mining history and culture Namibia has operating mines that could process U-pgradeTM concentrate A detailed extensive testwork program on a bulk sample is scheduled to co
Slide 8: U-pgrade TM – Application to Resources
U-pgradeTM – Application to Resources U-pgradeTM has a broader application to surficial ores in semi arid to arid environments, not just calcrete deposits There are many deposits in these zones throughout the world This represents a large target for potential application of U-pgradeTM Marenica is in
Slide 9: Pilot Plant
Pilot Plant Pilot plant design and costing completed early in the year Pilot plant design subsequently further refined Designed to be containerised for ease of transport and storage CSIRO medium level radiation laboratory commissioned and available for the pilot plant Upon successful fundraising pil
Slide 10: New Investor – Mingsun
New Investor – Mingsun New Strategic investor Mingsun Technology Co., Limited took a 10% equity stake in Marenica via a placement Mingsun confident in the long term future of uranium and sees Marenica as an excellent exposure to the industry Mingsun has expressed an appetite to provide further fundi
Slide 11: Marenica Uranium Project
Marenica Uranium Project 61 Mlb Marenica resource remains available for development with a rise in uranium price Ministry of Mines and Energy Namibia review of Mineral Deposit Retention License application in progress If approved would allow a period of 5 years grace with respect to exploration expe
Slide 12: General Update
General Update Pacific American Coal Company (formerly Texas and Oklahoma Coal Company) Marenica sold all 2.83M ordinary shares on market during the year Marenica still holds 0.85M options Research & Development (R&D) Tax Refund Well prepared and received 2014/15 R&D refund in August 2015 Office Mar
Slide 13: Focus for Coming Year
Focus for Coming Year Continue testwork program on Wiluna Project Testwork program on Deep Yellow Namibian ore Enter into agreements with other resource owners to undertake testwork Enter into commercialisation agreements applying U-pgradeTM to third party resources Attract a cornerstone investor to
Slide 14: Summary
Summary Marenica owns potentially disruptive technology capable of converting many uneconomic uranium deposits into strategically important and profitable production assets The company’s main objective is to commercialise U-pgradeTM New strategic investor welcomed Excellent results achieved on Toro
Marenica Energy — Shareholder Meeting (November 2015) on 6ix