Slide 1: Developing our strategic uranium assets
Developing our strategic uranium assets - to meet carbon free energy demands ASX: EL8 | OTCQX: ELVUF | NSX: EL8 June 2025
Slide 2: Dedicated Uranium Portfolio
Dedicated Uranium Portfolio Developing Globally Significant Discoveries 160 Mlb U308 112 Mlb U308 Total Global Resources 48 Mlb U308 Namibia Australia Four discoveries in Multiple high-grade four years prospects See Resource Table on Slide 13 2 ASX: EL8 | OTCQX: ELVUF
Slide 3: Corporate Overview
Corporate Overview Capital Structure Board and Management. Over 40 years of uranium industry experience 386 M Shares On Issue ASX:EL8 Scott Perry Murray Hill Non-Executive Chair Managing Director Market Cap A$116 M • +25 years as international senior executive • Metallurgist with 40+ years experienc
Slide 4: Building a World-Class Uranium Company
Building a World-Class Uranium Company Targeting top 10 uranium producer at Koppies* Our Journey Our Development Pathway U-pgrade Development U-pgrade Delivery Developed and tested our patented beneficiation process to transform Design and construct U-pgrade Demonstration (Pilot) Plant to our Namibi
Slide 5: U-pgrade
U-pgrade Elevate Uranium’s patented, 100% owned ore beneficiation process U-pgrade was developed The process removes non- Developed and determined Reduced mass to leach Potential to be a powerful in-house to capitalise on uranium bearing minerals to be effective on Marenica projected to significantl
Slide 6: U-pgrade Demonstration (Pilot) Plant
U-pgrade Demonstration (Pilot) Plant Delivering high-value project development Koppies U-pgrade Demonstration (Pilot) Plant Program • Dec 2024, the contract for construction of a containerised U-pgrade demonstration (pilot) plant was awarded to Perth Company, Fremantle Metallurgy. • Completion on sc
Slide 7: Flagship Koppies Resource
Flagship Koppies Resource Koppies near-surface mineralisation advantage Shallow Resource Depth • Koppies Resource exhibits extremely shallow mineralisation. • 50% within 7 m of surface. • 95% within 18.5 m of surface. • Mineralisation from surface with potential for low-cost, low-strip ratio mining.
Slide 8: Namibia Tier-1 Uranium Jurisdiction
Namibia Tier-1 Uranium Jurisdiction Critical to global uranium supply • Third largest producer, supplying 11% of global uranium in 2023. • Rossing, Husab and Langer Heinrich in production, early works commenced at DYL and BMN projects. • Holds the fifth largest uranium reserves globally. Established
Slide 9: Koppies Project
Koppies Project Targeting top 10 uranium producer* • Koppies Uranium Project Resource of 66 Mlb U308. • Koppies Resource of 56 Mlb U308. • Hirabeb Maiden Resource of 10 Mlb U308. • Mineralisation style and depth similar across both the Koppies and Hirabeb Resources. • 359 Mlb U308 of resources withi
Slide 10: 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 Maiden Resource Definition Exploration Drilling 10 ASX: EL8 | OTCQX: ELVUF
Slide 11: Invest in a Globally Diversified Uranium Developer
Invest in a Globally Diversified Uranium Developer Strategic development pathway to supply carbon free energy 160 Mlb Global Industry-Leading Well-Funded, Portfolio Growth Positioned for Resource Cost Profile Highly Supported Potential Success Premier assets in tier-1 Transformative, patented Strong
Slide 12: Murray Hill
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 13: 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 14: 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 15: 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 16: 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 17: 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 step out drilling to expand the mineralised area and testing a range of targets beyond the known mineralised area. • Notable Namib IV Intersections*
Slide 18: Committed to Growth And Resource Expansion
Committed to Growth And Resource Expansion Active exploration continues to increase global resources U3O8 Pounds (Mlbs) 115 Mlb See Resource Table on Slide 13 18 ASX: EL8 | OTCQX: ELVUF
Slide 19: Building a World-Class Uranium Company
Building a World-Class Uranium Company Strategic resource position with exploration potential Marenica Uranium Project • 61 Mlb U3O8 JORC resource (75% attributable to Elevate). • Area of large calcrete-hosted uranium resources in the same paleochannel system that hosts the Trekkopje Project, only 3
Slide 20: Marenica Uranium Project
Marenica Uranium Project 61 Mlb U3O8 Resource • Recent drill programs identified mineralisation in granite, a potential new style of mineralisation. • Notable Marenica Intersections* • 13.0 m at 203 ppm U3O8 from 8.5 m (MAR2500), incl. 3.5 m at 326 ppm • 5.0 m at 221 ppm U3O8 from 13.0 m (MAR2536) •
Slide 21: Australia Uranium Resources
Australia 48 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. • Oobagooma - 26 to 52 Mlb U3O8 Exploration Target1. • Minerva - High-grade uranium,
Slide 22: 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