Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — 121 Mining Investment Conference Cape Town 2024
26 slides from Elevate Uranium's conference presentation, Feb 5, 2024
Slide 1: Presentation to the 121 Mining Investment Conference Cape Town
For personal use only Presentation to the 121 Mining Investment Conference Cape Town 5 February 2024 ASX: EL8 OTCQX: ELVUF elevateuranium.com.au NSX: EL8
Slide 2: Why Invest in Elevate Uranium (ASX:EL8)
Why Invest in Elevate Uranium (ASX:EL8) For personal use only Direct Exposure to Two Tier-1 142 Mlb U3O8 Global Resource Base Uranium Mining Jurisdictions: with significant growth potential Namibia & Australia Extensive & Diverse Project Pipeline Patented, Disruptive U-pgrade covering prospective gr
Slide 3: Elevate's Global Uranium Portfolio Snapshot
Elevate’s Global Uranium Portfolio Snapshot Diversified portfolio across jurisdiction and development phase For personal use only - Resource Development /Growth & Technical Studies - Resource Definition - Exploration - Option Play Central Erongo - Headquarters Area Marenica (75%) Namib Area 61 Mlb @
Slide 4: Elevate Uranium History
Elevate Uranium History For personal use only Growth & $160 Discovery Phase Uranium $140 Exploration and Namib IV Discovery Koppies Discovery Hirabeb Discovery Development $120 Capri Discovery Company Uranium Price (US$) $100 Acquisition $80 Growth Phase Strategic During $60 Uranium Objectives: Bear
Slide 5: Corporate Overview
Corporate Overview For personal use only Capital Structure Share Price Chart (ASX:EL8) & U3O8 Price1 Major Shareholders 308M $173M $0.90 Volume Last Price U3O8 Price Rebalanced 4.5 7.5% 5.1% SHARES ON ISSUE MARKET CAP $0.80 4.0 ASX: EL8 At $0.560/sh 4.6% As at 25 January 2024 $0.70 3.5 4.1% 2.8% ~$1
Slide 6: Board & Management
Board & Management Over 40 years of uranium industry experience For personal use only ANDREW BANTOCK – Non-Executive Chair (since 2018) SHANE MCBRIDE – CFO & Company Secretary (since 2017) Senior Managing Director– FTI Consulting - +35 years industry experience Accounting & Finance - +38 years indus
Slide 7: Strong Newsflow & Value Catalysts
Strong Newsflow & Value Catalysts Major multi-rig drilling program targeting aggressive Resource Growth and New Discoveries For personal use only CY2024 CY2025 Project Focus # Rigs Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Resource Expansion & Confidence Upgrade Koppies 2–3 Scoping Study Namib Commencement Maiden Hir
Slide 8: Namibia: A Tier One Uranium Jurisdiction
Namibia A Tier One Uranium Jurisdiction For personal use only − 3rd largest producer and 5th largest resources in the world − Established uranium mining industry operating for 48 years − EL8 is holder of the largest tenement area for uranium in Namibia − Exploration ore type is shallow surficial min
Slide 9: Namib Area
Namib Area Adjacent to uranium development projects For personal use only & operating mines − Exploration has achieved significant results − In recent years we have discovered the Koppies, Hirabeb and Namib IV projects − 48 Mlb U3O8 resource at Koppies − Exploration and resource drilling in progress
Slide 10: Flagship Koppies Project
Flagship Koppies Project Large uranium resource, significant For personal use only exploration upside − November 2023 JORC resource update of 48 Mlb U3O8 with large-scale growth potential and delineation of high-grade zones − Koppies 1, 2, 3 and 4 are all connected, for an aggregate length of 20 km
Slide 11: Koppies Resource Relative to Surface
Koppies Resource Relative to Surface For personal use only Shallow near surface resource − Very shallow resource − 50% within 6 m of surface − 95% within 15 m of surface − Potential to support low-cost low strip ratio future mining www.elevateuranium.com.au 11
Slide 12: Flagship Koppies Project: Resource moving to the next level
Flagship Koppies Project Large uranium resource moving to the next level For personal use only − Resource expansion and infill drilling in progress – 3 drill rigs operational − Resource Upgrade in Q1-CY24 − Drilling program planned to upgrade resource status from inferred to indicated and commence s
Slide 13: Hirabeb Project
Hirabeb Project Exploration has delineated large-scale For personal use only mineralised zones − 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, drill lines 5
Slide 14: Central Erongo Area
Central Erongo Area Strategic landholding close to operating For personal use only uranium mines − Marenica Uranium Project – large resource of 61 Mlb U3O8 (75% attributable to Elevate) − Marenica only 30 km north of Trekkopje Uranium Mine1 and 55 km north of Rossing Uranium Mine1 − The area include
Slide 15: Marenica Project
Marenica Project Large JORC resource & growth potential For personal use only − 61 Mlb U3O8 JORC resource (75% attributable to Elevate) − 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 convent
Slide 16: Capri Project
Capri Project Uranium mineralisation continuous For personal use only over 16 km − Shallow mineralisation within palaeochannels − Exploration targets west of the mineralisation − Palaeochannel in the east yet to be drilled − Ore type is calcrete hosted, suitable for processing with our U-pgradeTM be
Slide 17: Australia
Australia Tier 1 Uranium mining jurisdiction; For personal use only 4th largest 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 - Oobagooma – 26 to 52 Mlb U3O8 Exploration1 Target - Minerva – high-grade uranium a
Slide 18: Northern Territory Portfolio
Northern Territory Portfolio For personal use only Angela - A new understanding and viewpoint - Inferred resource of 31 Mlb at 1,310 ppm U3O8 - Application of U-pgradeTM reduces projected acid consumption and operating costs - Potential to expand resource and reduce cost base Minerva Malwari Minerva
Slide 19: Western Australian Portfolio
Western Australian Portfolio For personal use only Oobagooma - High grade uranium mineralisation from 40 to 120 m below surface - 26 to 52 Mlb U3O8 Exploration Target1 Oobagooma - Exploration potential Thatcher Soak W ESTERN AUSTRALIA - Inferred resource of 11 Mlb at 425 ppm U3O8 - Located in same p
Slide 20: U-pgrade TM – The Icing on the Cake
U-pgradeTM – “The Icing on the Cake” WHAT IS U-PGRADETM? U-PGRADETM DIFFERENCE THE BENEFITS For personal use only - Breakthrough ore Demonstrated Benefits beneficiation - Increases Marenica ore grade from 93 ppm to ~5,000 ppm U3O8 process developed, (i.e. by removal of waste material, “gangue”) pate
Slide 21: Nuclear – Carbon Free Baseload Energy
Nuclear – Carbon Free Baseload Energy Creating a cleaner future For personal use only Power generation 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
Slide 22: Uranium Shortage
Uranium Shortage Supply Side Constraints, Demand Increasing For personal use only Production Demand − Uranium supply shortage, demand increasing − Supply chain uncertainty from geopolitical risk Potential production shortfall (yellowcake, conversion and enrichment) − Uranium price must maintain the
Slide 23: Why Invest in Elevate Uranium (ASX:EL8)
Why Invest in Elevate Uranium (ASX:EL8) For personal use only Direct Exposure to Two Tier-1 142 Mlb U3O8 Global Resource Base Uranium Mining Jurisdictions: with significant growth potential Namibia & Australia Extensive & Diverse Project Pipeline Patented, Disruptive U-pgrade covering prospective gr
Slide 24: Contact
Contact Murray Hill For personal use only Managing Director / CEO Elevate Uranium Limited p: +61 8 6555 1816 e: mhill@elevateuranium.com.au ASX: EL8 OTCQX: ELVUF NSX: EL8 www.elevateuranium.com.au www.elevateuranium.com.au
Slide 25: JORC Resource Table
JORC Resource Table Total Resource Attributable to Elevate Uranium Cut-off Tonnes U3O8 U3O8 Elevate Tonnes U3O8 U3O8 Deposit Category Holding For personal use only (ppm) (Mt) (ppm) (Mlb) (Mt) (ppm) (Mlb) Namibia Indicated Marenica JORC 2004 50 26.5 110 6.4 75% 19.9 110 4.8 Sub Total Indicated 26.5 1
Slide 26: 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
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