Elevate Uranium Ltd · ASX:EL8

Elevate Uranium — Marenica Energy — Shareholder Meeting (November 2016)

13 slides from Elevate Uranium's shareholder meeting presentation, Nov 22, 2016

  1. Slide 1: 2016 MD Presentation to AGM: Commercialisation of U-pgrade Process is Now a Reality

    Marenica Energy Limited 2016 MD Presentation to AGM Commercialisation of U-pgradeTM Process is Now a Reality 21/11/2016 1

  2. 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

  3. Slide 3: This Years Achievements

    This Years Achievements  Renegotiated convertible note conditions with Hanlong  Excellent testwork results on Tumas ore indicate applicability of U- pgradeTM  Signed first commercialisation agreement with Deep Yellow on application of U-pgradeTM  Reached agreement with U3O8 Corp to complete U-pg

  4. Slide 4: Company Strategy

    Company Strategy  Work collaboratively with DYL to ensure Tumas project success through application of U-pgradeTM  Progress towards additional commercialisation agreements in which Marenica gains its fair share of the value add unlocked by U- pgradeTM  Continue to engage with resource owners to d

  5. Slide 5: Benefits of U-pgrade

    Benefits of U-pgradeTM Applicable to Surficial Calcrete deposits  Rejects >95% of mass pre leach  Smaller, lower cost acid leach circuit  Reduces OPEX by 50-70%  Reduces CAPEX by 30-50%  Increases size of resource  Can treat high sulphate ore which is currently discarded  Lower costs lead to

  6. Slide 6: Deep Yellow – First Commercialisation

    Deep Yellow – First Commercialisation Deep Yellow – First Commercialisation of U-pgradeTM  Commercialisation agreement secures a role for U-pgradeTM in return for a long term Licence Fee equating to around 25% of the NPV of the Tumas project under a range of possible development scenarios  The com

  7. Slide 7: U-pgrade – 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  A list is being compiled on target deposits for potential application of U-pgradeTM and project acquisition  The company has identified a nu

  8. Slide 8: Convertible Note

    Convertible Note  Agreement with Hanlong for the extension of the Hanlong Convertible Notes from its maturity date of 14 November 2016 to 14 November 2018  Includes right to repay the debt at maturity in shares issued at $0.58 per share or cash  Hanlong have also offered to repayment of the conve

  9. Slide 9: Marenica Uranium Project – Namibia

    Marenica Uranium Project – Namibia  61 million pound resource, large in world standards  Resource at surface • Low strip ratio • Easily accessible • Low mining costs  Close to several existing processing plants and excellent infrastructure  30 km to Trekkopje and 60 km to Rössing  Highly suppor

  10. Slide 10: U-pgrade brings Marenica deposit forward in the development queue

    U-pgradeTM brings Marenica deposit forward in the development queue 120 100 Resource Transformation 80 LT U3O8 Price lowering LT price – (US$/lb) Incentive price Market and Industry 60 consensus 40 20 0 Incentive price Using U-pgradeTM for Marenica Marenica Project Deposit without requires lower U-p

  11. Slide 11: Correction in U price is inevitable

    Correction in U price is inevitable  The Uranium market has been in decline for the best part of the last decade  About one quarter of producers remain cash positive at current spot prices  Reasons why Uranium prices need to recover • Russia withdraws from re-processing deal with US, removing sig

  12. Slide 12: Focus for Coming Year

    Focus for Coming Year  Drive successful outcome on Deep Yellow Tumas project using U-pgradeTM  Progress evaluation of U-pgradeTM on U3O8 Corp samples  Explore agreements with other resource owners to apply U-pgradeTM  Enter into commercialisation agreements applying U-pgradeTM to third party res

  13. Slide 13: Summary

    Summary  Marenica owns potentially disruptive technology capable of converting many uneconomic uranium deposits into strategically important and profitable production assets  Excellent testwork results culminated in signing our first commercialisation agreement with Deep Yellow  The company’s mai

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