Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — 121 Mining Investment Event - New York (June 2024)
21 slides from Elevate Uranium's conference presentation, Jun 3, 2024
Slide 1: Presentation to 121 Mining Investment Event – New York
For personal use only Presentation to 121 Mining Investment Event – New York 3 June 2024 ASX: EL8 OTCQX: ELVUF elevateuranium.com.au NSX: EL8
Slide 2: Diversified Portfolio Across Two Tier-1 Jurisdictions
Diversified Portfolio Across Two Tier-1 Jurisdictions For personal use only Expanding JORC Global U3O8 Resources1 NAMIBIA 152 Mlb Central Erongo Area Namib Area Marenica (75%) Global Koppies Capri Hirabeb Exploration 104 Mlb Exploration Namibia AUSTRALIA 48 Mlb Northern Territory Angela Western Aust
Slide 3: Unlocking Potential. Invest in an emerging global Uranium leader
Unlocking Potential. Invest in an emerging global Uranium leader For personal use only Expanding Global U3O8 Resource Portfolio Poised For Growth 152 Mlb growing portfolio across two Pipeline of growth assets near world- premier uranium mining jurisdictions: class discoveries, operating mines, and N
Slide 4: 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 5: 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) − U3O8 must maintain a higher pric
Slide 6: Namibia: A Tier One Uranium Jurisdiction
Namibia A Tier One Uranium Jurisdiction For personal use only Globally Significant Uranium Producer: • 3rd largest producer and 5th largest resources in the world Premier Uranium Mining Industry: • Namibia’s uranium industry has operated for 48 years. It is stable, government supported Regionally Si
Slide 7: Namib Area
Namib Area Adjacent to uranium development projects For personal use only & operating mines − The Namib Area hosts >320 Mlb of defined uranium resources1. − 7 licenses across diversified exploration stages from greenfield to near-term development − 58 Mlb U3O8 resource at Koppies 52 km − Well servic
Slide 8: Flagship Koppies Project
Flagship Koppies Project For personal use only Large uranium resource, significant exploration upside − April 2024 JORC Inferred resource update of 58 Mlb U3O8 with growth potential − Koppies has an aggregate length of 20 km − The all-in discovery cost of the Koppies Inferred resource is US$0.068/lb
Slide 9: Koppies Near-Surface Mineralisation Advantage
Koppies Near-Surface Mineralisation Advantage For personal use only Shallow near surface resource − Very shallow resource − 50% within 7 m of surface − 95% within 18.5 m of surface − Mineralisation at Koppies similar to the ore used to develop Elevate's U-pgrade beneficiation process − U-pgrade to b
Slide 10: U-pgrade – The Icing on the Cake
U-pgradeTM – “The Icing on the Cake” WHAT IS U-PGRADETM? THE BENEFITS For personal use only - Ore beneficiation Demonstrated Benefits process developed, - Increases Marenica ore grade from 93 ppm to ~5,000 ppm U3O8 (i.e. by removal of waste material, “gangue”) patented and 100% - Reduces Angela ore
Slide 11: Bulk Samples Collected From Koppies
Bulk Samples Collected From Koppies Test pits excavated to collect samples for U-pgradeTM beneficiation testwork For personal use only − Bulk samples collected for mineralogy and U-pgradeTM beneficiation testwork − Excavation of eight test pits completed in May − Excavated pits highlight large areas
Slide 12: Central Erongo Area
Central Erongo Area Strategic landholding close to operating uranium mines For personal use only with significant exploration potential Marenica Uranium Project − Large JORC Resource of 61 Mlb U3O8 (75% attributable to Elevate) − Marenica is located just 60 kilometres north of the world class Rossin
Slide 13: 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 14: Australia
Australia Tier 1 mining jurisdiction; 4th largest For personal use only 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, 10 drill
Slide 15: 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 Confidence Koppies Upgrade & Metallurgical 2–3 Namib Testwork Maiden Hirabeb 1 Resourc
Slide 16: Corporate Overview
Corporate Overview For personal use only Capital Structure Share Price Chart (ASX:EL8) & U3O8 Price1 Major Shareholders A$160M 308M $0.80 Volume Last Price U3O8 Price Rebalanced 4.5 8.1% US$106M $0.70 4.0 6.1% SHARES ON ISSUE MARKET CAP ASX: EL8 At $0.52/sh 5.1% As at 31 May 24 3.5 $0.60 A$13.9M 3.0
Slide 17: 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 industry
Slide 18: Unlocking Potential. Invest in an emerging global Uranium leader
Unlocking Potential. Invest in an emerging global Uranium leader For personal use only Expanding Global U3O8 Resource Portfolio Poised For Growth 152 Mlb growing portfolio across two Pipeline of growth assets near world- premier uranium mining jurisdictions: class discoveries, operating mines, and N
Slide 19: 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 20: JORC Resource Table
JORC Resource For personal use only Table www.elevateuranium.com.au 20
Slide 21: 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
Elevate Uranium — 121 Mining Investment Event - New York (June 2024) on 6ix