Slide 1: Presentation to 121 Cape Town
Presentation to 121 Cape Town Advancing Globally Significant Uranium Projects From Discovery to Development Corporate Presentation February 2026 ASX: EL8 OTCQX: ELVUF NSX: EL8
Slide 2: Dedicated Uranium Portfolio
Dedicated Uranium Portfolio 153 Mlb U308 Total Global Resources across two Tier-1 Jurisdictions1 Critical Mass and High-Grade Exploration Discovery Potential Opportunities 96 Mlb U3O81 57 Mlb U3O81 - Four discoveries in - Multiple high-grade four years. prospects. - Assets leveraged - Provides diver
Slide 3: Corporate Overview
Corporate Overview Capital Structure Major Shareholders Board and Management. Over 40 years of uranium industry experience 466 M A$156 M Scott Perry Murray Hill Shares on Issue Market Cap Non-Executive Chair Managing Director ASX:EL8 at $0.335/share as at 6 February 2026 • +25 years as international
Slide 4: Key Value Catalysts
Key Value Catalysts Focused Strategy For Accelerated Growth De-risking the pathway to production and leveraging proprietary technology to achieve superior project economics. Core Strategic Prove & De-Risk the Scale & Confidence of Unlock Optionality with Strategic Growth & Capital Pillars U-pgrade A
Slide 5: The U-pgrade Advantage
The U-pgrade Advantage Optimised processing metrics, designed to achieve industry-leading project economics • 100% owned and patented ore beneficiation process. • Developed in 2013 using samples from Marenica Uranium Project, to provide a process route for calcrete ores. • Targets removing non-urani
Slide 6: U-pgrade Demonstration (Pilot) Plant
U-pgrade Demonstration (Pilot) Plant Demonstrating a route to commercialisation • Plant operation to demonstrate production of a low-mass high-grade concentrate at scale. • Operation to provide definitive data to inform advanced technical studies (Scoping Study/PFS). • Plant operating with in-house
Slide 7: Namibia Tier-1 Uranium Jurisdiction
Namibia Tier-1 Uranium Jurisdiction Proven Uranium Producing Jurisdiction • Holds the fifth largest uranium reserves and third largest global producer, supplying 12% of global uranium in 2024.1 • 49-year history of safe uranium production and export, with strong government and community support. • T
Slide 8: Koppies Mineral Resource
Koppies Mineral Resource Shallow ore, low-cost potential Shallow Resource Depth • Mineralisation starts from surface with 50% of the resource within 7 m of surface, and 95% within 17 m of surface. • This depth profile supports the potential for low-cost, low-strip ratio mining. • Applying the U-pgra
Slide 9: Koppies Uranium Project
Koppies Uranium Project Resource Size Suitable to Develop • Koppies Uranium Project Resource comprises:1 • Koppies Resource of 56 Mlb U308. • Hirabeb Resource of 10 Mlb U308. • Targeting Maiden MRE at Namib IV Q1 CY2026 and ongoing exploration across the project area to grow the resource base. • ~35
Slide 10: Marenica Uranium Project
Marenica Uranium Project Resource Growth and Development Potential • Resource updated February 2026 with grade increased to 185 ppm U3O8.1 • Updated JORC resource of 40 Mlb U3O8.2 • Infill drill program to further increase resource size underway. • Infill drilling commencing late February 2026 to in
Slide 11: Australia
Australia 57 Mlb Uranium Resources Australia is the fourth largest uranium producer and largest resource base in the world. 100% Owned • Angela (NT) - 31 Mlb at 1,310 ppm U3O8. 1 • Napperby (NT) – 8.03 Mlb at 382 ppm U3O8. 1 • Thatcher Soak (WA) - 11 Mlb at 425 ppm U3O8. 1 • Minerva (NT) - High-grad
Slide 12: Angela Uranium Project
Angela Uranium Project Immediate Exploration Targets in Tier-1 Jurisdiction • JORC Resource 31 Mlb U308 at 1,310 ppm U3O81 located in uranium-friendly Northern Territory (NT). • Seismic survey identified the lens that is mineralised, a second lower-lying lens identified and is the target for explora
Slide 13: Minerva Prospect
Minerva Prospect High-grade prospect with immediate targets • Located in the uranium rich Ngalia Basin ~ 170 km NW of Alice Springs, Northern Territory. • Data review identified 49 mineralised drill holes with sample uranium grades +250 ppm U3O8. • 10 drill holes with sample grades +10,000 ppm or 1.
Slide 14: Napperby Uranium Project
Napperby Uranium Project Immediate Exploration Targets in Tier-1 Jurisdiction • JORC Resource 9.54 Mt @ 382 ppm U308 containing 8.03 Mlb U308 (at 200 ppm cut-off).1 • Located ~150 km NW of Alice Springs and 25 km from EL8’s Minerva Project, along the sealed Tanami Road in uranium-friendly Northern T
Slide 15: Fitton Prospect
Fitton Prospect High-grade prospect with immediate targets • Located in the Flinders Ranges of SA, ~500km N of Adelaide in a proven uranium province. • <25km from the Beverley and Four Mile Uranium Mines. • Historical drilling returned thick, high-grade intersections including:1 • 21 m @ 384 ppm U3O
Slide 16: 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 Namibia Australia 16 ASX: EL8 | OTCQX: ELVUF
Slide 17: Invest in a Near-Term Uranium Developer
Invest in a Near-Term Uranium Developer Actively progressing our development plans to supply uranium for carbon free energy 153 Mlb Global Industry-Leading Strong Financial Portfolio Growth Positioned for Resource Cost Profile Position Potential Success Premier assets in tier-1 Transformative, paten
Slide 18: 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 19: 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 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
Slide 21: Koppies Resource
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 road that pa
Slide 22: Hirabeb Deposit
Hirabeb Deposit Adding uranium resources to the Koppies project • October 2024 Maiden Inferred Resource of 10.2 Mlb U3O8.1 • Located within the Koppies Project area, in close proximity to the Koppies resource. • Recent drilling intersected mineralisation northwest of current resource, confirming it
Slide 23: 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 infill resource drilling and step out drilling to expand the mineralised area. • Notable Namib IV Intersections* • 8.0 m at 364 ppm U3O8 from 3.0 m
Slide 24: Capri Uranium Project
Capri Uranium Project Strategic resource position with exploration potential • 16 km of mineralisation identified only 35 km from Marenica. • Drilling completed during Q1 CY2024 tested extensions to the mineralised envelope. • Notable intersections included: • 3.5 m @ 438 ppm U3O8 from surface (CAP0
Slide 25: 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