Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Noosa Mining & Exploration Conference 2021
20 slides from Elevate Uranium's conference presentation, Jul 15, 2021
Slide 1: Noosa Mining & Exploration Conference
15 July 2021 Noosa Mining & Exploration Conference Elevate Uranium Limited (ASX: EL8) (“Elevate” or the “Company”) is pleased to advise shareholders and investors that the Company will be presenting as part of the 2021 Noosa Mining and Exploration Investor Conference on Friday, 16 July 2021. Date: F
Slide 2: Investor Presentation
Investor Presentation 15 July 2021 ASX: EL8 1
Slide 3: Nuclear Power
Nuclear Power Carbon Free Baseload Power − Decarbonisation and electrification continue to develop globally − 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 nuclear reactors w
Slide 4: Uranium
Uranium < Production > < Demand > Supply Side Constraints − Suppressed uranium price over 10 years − Uranium supply shortage and stockpiles depleting Mlbs U3O8 COVID Impact − Many uranium projects remain uneconomic at current uranium prices − Uranium price must rise significantly to incentivise uran
Slide 5: Delivering on Strategy
Delivering on Strategy Strategy Acquire Acquire projects / tenements that meet a defined criteria Explore Exploration of large strategic tenement position U-pgrade™ Value add through application of patented U-pgradeTM uranium beneficiation process Delivery − Australian uranium asset portfolio – reso
Slide 6: Namibian Projects
Namibian Projects − Namibia is a world-class uranium province with an established uranium mining industry − 61 Mlb resource at Marenica Uranium Project beneficiates to ~5,000 ppm using U-pgrade™ − Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited for the application of
Slide 7: Namib Area
Namib Area − Contiguous land package − Exploration to date has achieved significant exploration results − Includes the Koppies, Hirabeb and Namib IV projects − Upstream of known deposits − Known uranium province – hosting >230 Mlb of defined uranium resources 6
Slide 8: Koppies Project
Koppies Project Drilling at Koppies discovered exceptional uranium mineralisation − Drilling in 2019 indicates expected grade range of 300 – 350 ppm U3O8 − Palaeochannel currently 6.4 km2 − Drill ready for resource estimation – 3 months drilling required − Waiting for U3O8 price move to commence res
Slide 9: Hirabeb Project
Hirabeb Project Exploration at Hirabeb identified extensive mineralised system − Palaeochannel extends >36 km, distance wider than English Channel − Mineralisation identified over 30 km − Large area of tenement covered by palaeochannel system 8
Slide 10: Namib IV Project
Namib IV Project Extensive palaeochannel system discovered − Maiden geophysical survey focused on central area of tenement − Palaeochannel at least 19 km long and about 6 km wide − Drilling in progress − Third palaeochannel system discovered in Namib Area – previous palaeochannels mineralised 9
Slide 11: Marenica Project
Marenica Project Large JORC resource − 61 Mlb 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 resour
Slide 12: Australian Projects
Australian Projects 100% Owned - Angela – 31 Mlb at 1,310 ppm U3O8 - Minerva – high-grade uranium and gold - Thatcher Soak – 11 Mlb at 425 ppm U3O8 - Oobagooma – historical resource (unable to report) Joint Venture Interests - Bigrlyi (21% EL8) – 21 Mlb at 1,283 ppm U3O8 - Walbiri (23% EL8) – 16 Mlb
Slide 13: Angela & U-pgrade
Angela & U-pgradeTM Significant Operating Cost Reduction − Successful proof of concept U-pgradeTM testwork on ore from Angela − 84% of calcite (acid consumer) removed prior to leach − Leach acid consumption reduced from 104 to 24 kg/t, i.e. 80 kg/t − Current estimated acid price of $0.40/kg − Uraniu
Slide 14: U-pgrade – "The Icing on the Cake"
U-pgradeTM – “The Icing on the Cake” What is U-pgradeTM - Rejects >95% of mined ore mass prior to leach - Demonstrated to increase Marenica Project ore grade from 93 ppm to ~5,000 ppm U3O8 - Rejects acid consumers and thereby reduces acid consumption - 100% owned and patented breakthrough beneficiat
Slide 15: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Andrew Bantock Chairman ASX Code EL8 Murray Hill Managing Director/CEO Over 60 Share Price (14 July 2021) $0.30 Nelson Chen Non-Executive Director years of Shares on issue 227 M uranium Stephen Mann Non-Executive Director experience
Slide 16: Exploration Programs
Exploration Programs 2021 2022 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Namibia Namib Area Airborne EM Hirabeb Drilling Geophysics (Ground) Other EPL’s Geophysics (Ground) Drilling Australia Angela Minerva Oobagooma 15
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 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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