Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Shareholder Meeting (December 2021)
20 slides from Elevate Uranium's shareholder meeting presentation, Dec 16, 2021
Slide 1: Annual General Meeting - Company Presentation
16 December 2021 Annual General Meeting - Company Presentation Elevate Uranium Limited (ASX: EL8) is pleased to advise that the following presentation will be given at its 2021 Annual General Meeting to be held at 10:30am WST on Thursday, 16 December 2021. Authorisation Authorised for release by Mur
Slide 2: 2021 AGM Shareholder Presentation
2021 AGM Shareholder Presentation 16 December 2021 ASX: EL8 1
Slide 3: Delivering on Uranium Strategy
Delivering on Uranium Strategy Strategy Explore Exploration of large strategic tenement position Acquire Acquire projects / tenements that meet a defined criteria U-pgrade™ Value add through application of patented U-pgradeTM uranium beneficiation process Delivery − Successful accumulation of large
Slide 4: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Andrew Bantock Chairman ASX Code EL8 Murray Hill Managing Director/CEO Share Price (15 Dec 2021) $0.40 Nelson Chen Non-Executive Director Over 70 years Shares on issue 261 M of uranium Stephen Mann Non-Executive Director Options on
Slide 5: Namibian Projects
Namibian Projects − Namibia is a world-class uranium province with an established uranium mining industry − 61 Mlb U3O8 resource at Marenica Uranium Project beneficiates to ~5,000 ppm using U-pgrade™ − Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited for the applicatio
Slide 6: Namib Area
Namib Area − Contiguous land package − Upstream of known deposits − Known uranium province – hosting >270 Mlb of defined uranium resources − Exploration to date has achieved significant exploration results − Koppies, Hirabeb and Namib IV projects discovered in the area − Drilling has been in progres
Slide 7: Koppies Project
Koppies Project Resource drilling completed for 2021 year − Drilling indicates expected grade range of 300 – 350 ppm U3O8 − Palaeochannel currently 6.4 km2 − Resource drilling program in progress − Maiden resource expected in Q1 2022 − Prime mineralisation for U-pgradeTM 6
Slide 8: Hirabeb Project
Hirabeb Project Exploration at Hirabeb identified extensive mineralised system − Tenement is 15 times larger than Koppies − Large area of tenement covered by palaeochannel system − Palaeochannel extends >44 km − Mineralisation identified over 30 km 7
Slide 9: Namib IV Project
Namib IV Project Uranium mineralisation identified at Namib IV − Separate palaeochannel system to Koppies and Hirabeb − Central palaeochannel system at least 18 km long and about 5 km wide − Mineralisation identified over 17 km strike 8
Slide 10: Marenica Project
Marenica Project Large JORC resource − 61 Mlb U3O8 JORC resource − Mineralisation is calcrete hosted shallow palaeochannels − Beneficiates to ~5,000 ppm using U-pgrade™ − U-pgradeTM reduces capital and operating costs by ~50%, compared to conventional processes − Exploration potential on lease See r
Slide 11: Australian Projects
Australian Projects 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 Target - Minerva – high-grade uranium and gold Joint Venture Interests - Bigrlyi (21% EL8) – 21 Mlb at 1,283 ppm U3O8 - Walbiri (23% EL8) – 16 Mlb a
Slide 12: U-pgrade TM – “What is it?”
U-pgradeTM – “What is it?” What is U-pgradeTM - 100% owned and patented breakthrough beneficiation process developed in collaboration with CSIRO - Rejects >95% of mined ore mass prior to leach - Uses well known and understood unit operations to beneficiate ore - Rejects acid consumers and thereby re
Slide 13: U-pgrade TM – “The Icing on the Cake”
U-pgradeTM – “The Icing on the Cake” Significant Benefits - Produces low-volume high-grade concentrate from surficial uranium ores - Potentially reduces CAPEX and OPEX by ~50%, compared with conventional processes - Provides optionality for project development - Potential for Elevate to develop proj
Slide 14: Exploration Programs
Exploration Programs 2022 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Namibia Resource Koppies estimate Resource drilling & updated estimate Testwork & study Hirabeb Drilling Drilling Drilling Other Namib Tenements Drilling Drilling Drilling Marenica / MA7 Geophysics Data Review Drilling Mile 72
Slide 15: Nuclear Power
Nuclear Power Carbon Free Baseload Power − The global importance of decarbonisation and electrification increases daily − Both require carbon free nuclear power to achieve stated goals − Nuclear provides reliable baseload power − Nuclear is central to the clean energy transition − The world’s nuclea
Slide 16: Uranium Market
Uranium Market < Production > < Demand > Supply Side Constraints − Suppressed uranium price over 10 years − Uranium supply shortage and stockpiles Mlbs U3O8 depleting − Many uranium projects remain uneconomic at current uranium prices − Uranium price must rise significantly to incentivise uranium pr
Slide 17: Investment Highlights
Investment Highlights Namibian tenement holdings with significant uranium exploration results achieved and substantial upside for exploration success 61 Mlb U3O8 resource at Marenica Uranium Project, Namibia 48 Mlb U3O8 resources in Australia U-pgrade™ beneficiation process demonstrated to reduce ca
Slide 18: Contact
Contact Murray Hill Managing Director / CEO p: +61 8 6555 1816 e: mhill@elevateuranium.com.au Elevate Uranium Limited ASX: EL8 OTC Pink: ELVUF www.elevateuranium.com.au 17
Slide 19: JORC Resource Table
JORC Resource Table Cut-off Total Resource Elevate Share Deposit Category (ppm Tonnes U3O8 U3O8 V2O5 V2O5 Elevate Tonnes U3O8 U3O8 V2O5 V2O5 U3O8) (M) (ppm) (Mlb) (ppm) (Mlb) Holding (M) (ppm) (Mlb) (ppm) (Mlb) Australia - 100% Holding Angela JORC 2012 Inferred 300 10.7 1,310 30.8 100% 10.7 1,310 30
Slide 20: 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
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