Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Marenica Energy — Investor Presentation (February 2016)
17 slides from Elevate Uranium's investor presentation, February 2016
Slide 1: U-pgrade: A unique Uranium opportunity
U-pgradeTM A unique Uranium opportunity February 2016 1
Slide 2: U-pgrade – Introduction
U-pgradeTM – Introduction Developed a process to concentrate uranium prior to leaching Process applicable to surficial uranium deposits Dramatically reduces OPEX/CAPEX compared to conventional technology Patented process developed on low grade Marenica deposit The process is called U-pgradeTM U-pgra
Slide 3: Benefits of U-pgrade
Benefits of U-pgradeTM Applicable to Surficial Calcrete deposits Rejects >95% of mass pre leach Smaller, lower cost acid leach circuit Reduces OPEX by 50-70% Reduces CAPEX by 30-50% Increases size of resource Can treat high sulphate ore which is currently discarded Lower costs lead to reduced cu
Slide 4: Benefits of U-pgrade to Shareholders and Investors
Benefits of U-pgradeTM to Shareholders and Investors Owning disruptive uranium process Leverage of investors entering at current market cap Re-rating of Marenica, that owns U-pgradeTM Multiple commercialisation pathways using a variety of structures – licensing, royalties and part ownership of asset
Slide 5: U-pgrade – Testwork Progress
U-pgradeTM – Testwork Progress U-pgradeTM bench scale testwork program in progress on Deep Yellow Tumas ore (Namibia) U-pgradeTM being applied to bulk samples from the Tumas deposit in Namibia Phase 1 testwork expected in Q2, 2016 Subject to successful testwork program, leading to commercialisation
Slide 6: Business Strategy
Business Strategy Marenica’s vision To assemble a portfolio of Uranium mining interests by earning a fair share of the value U-pgradeTM creates for resource owners Five year business targets.. • Pilot plant well established and available widely for industry use, simplifying testwork for future resou
Slide 7: Assembling the capability to deliver
Assembling the capability to deliver Murray Hill CEO Technical expert Technical Shareholders Steering Assembling a Committee supportive Multi-disciplined registry of technical professionals shareholders challenging with patient conventional capital thinking to drive innovation John Sestan CCO busine
Slide 8: Corporate..
Corporate.. • Convertible Note renegotiated – Extended term – Principal convertible to equity at $0.58 per share at Marenica’s option • Underwritten SPP secures funding for balance of 2016 • Testwork underway on 2 ore sources – Namibia and Australia – Other sources to follow • Commercialisation disc
Slide 9: Marenica Mining Project - Namibia
Marenica Mining Project - Namibia 9
Slide 10: Project Location - Map
MARENICA ENERGY mrp Project Location - Map MARENICA PROJECT EPL 3287 Karibib Usakos \ Henties Bay Atlantic Rossing Mine Ocean Rio Tinto Swakopmund Walvis Bay — Etango Project Langer Heinrich Bannerman Mine Paladin 0 iN) 50 Deep Yellow ; 7 WII) 10
Slide 11: Development Strategies
Development Strategies • Marenica deposit is a large but relatively low grade resource with similar extraction costs to Trekkopje • Incentive price was circa US$105/lb, BUT with U-pgradeTM this reduces to around US$60/lb, which is at or below many other competing development projects – Developed wit
Slide 12: U-pgrade brings Marenica deposit forward in the development queue
U-pgradeTM brings Marenica deposit forward in the development queue 120 100 80 LT U3O8 Price LT price – (US$/lb) Market and Industry 60 consensus 40 20 0 •Incentive price •Using U-pgradeTM •Resource • for Marenica •Marenica Project •Transformation •Deposit without • will be profitable •available wit
Slide 13: In Conclusion
In Conclusion • Next phase of IP development budget has secure funding – Convertible Note renegotiated to remove obligation to repay in cash, and – Underwritten SPP • Board and Management reorganisation in progress • Strong interest in the technology from resource owners • Robust protection from pat
Slide 14: Additional Information
MARENICA v) ENERGY mrp Additional Information
Slide 15: Corporate Summary
Corporate Summary Capital Structure (pre SPP) Key Assets ASX listed – Code MEY U-pgradeTM uranium processing technology (100%) Shares on issue: 15.76M Marenica uranium project, Namibia (75%) Convertible notes: $1.65M Market capitalisation: $1.7M* Major shareholders (Current): Share price: 11c* Hanlo
Slide 16: Marenica Uranium Project
Marenica Uranium Project 61 million pound resource Large resource in world standards Resource at surface Low strip ratio Easily accessible Low mining costs Close to several existing processing plants and excellent infrastructure Highly supportive investment climate in Namibia 16
Slide 17: Competitive Environment for U-pgrade
Competitive Environment for U-pgradeTM No known competing technology High cost of conventional technology limits resource development Numerous uneconomic resources particularly Namibia and Australia Numerous prospective deposits U-pgradeTM catalyst for surficial uranium exploration Applicable to oth
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