Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — 121 Mining Investment Conference 2023
21 slides from Elevate Uranium's conference presentation, Feb 6, 2023
Slide 1: Presentation for the 121 Mining Investment Conference
For personal use only Presentation for the 121 Mining Investment Conference Cape Town, South Africa 6 February 2023 ASX: EL8 OTCQX: ELVUF 1 NSX: EL8
Slide 2: Nuclear – Carbon Free Baseload Energy
Nuclear – Carbon Free Baseload Energy For personal use only Carbon Free Baseload Energy − 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 baseloa
Slide 3: Uranium Shortage
Uranium Shortage For personal use only < Production > < Demand > Supply Side Constraints, Demand Increasing − Uranium supply shortage, demand increasing Mlbs U3O8 − Supply chain uncertainty from Russia (yellowcake, conversion and enrichment) − Uranium price must rise significantly to incentivise ura
Slide 4: Investment Highlights
Investment Highlights For personal use only The Company has been solely operating in the uranium industry for 16 years 81 Mlb U3O8 resource at Marenica and Koppies Uranium Projects, Namibia Four discoveries in Namibia in the past 3 years – Koppies, Namib IV, Hirabeb & Capri 48 Mlb U3O8 resources in
Slide 5: Namibia
Namibia For personal use only − Namibia is a Tier 1 Uranium jurisdiction; 4th largest producer & 5th largest resources in the world − Namibia has an established uranium mining industry operating for 46 years − 61 Mlb U3O8 resource at Marenica Uranium Project, beneficiates to ~5,000 ppm U3O8 using U-
Slide 6: Namib Area
Namib Area For personal use only − Tenements are upstream of known deposits − Exploration has achieved significant results − Since mid 2019 Koppies, Hirabeb and Namib IV projects discovered in the area − 20 Mlb U3O8 resource at Koppies − Exploration and resource drilling in progress, two drill rigs
Slide 7: Koppies Project
Koppies Project For personal use only Initial uranium resource, significant exploration upside − 20 Mlb U3O8 JORC resource − New zones of mineralisation discovered at Koppies 3 and 4 − It is now considered that Koppies 1, 2, 3 and 4 are all connected, for an aggregate length of 20 km − Additional ex
Slide 8: Hirabeb Project
Hirabeb Project For personal use only Exploration delineates two large mineralised zones, exploration upside − Hirabeb I – uranium mineralisation extending over 4 km in length − Hirabeb II – anomalous uranium mineralisation extending over 9 km in length − Exploration drilling wide spaced, drill line
Slide 9: Central Erongo Area
Central Erongo Area For personal use only − Marenica – large resource of 61 Mlb U3O8 − Marenica only 30 km north of Trekkopje Uranium Mine and 55 km north of Rossing Uranium Mine − The area includes large calcrete hosted uranium resources at Marenica and Trekkopje − Capri – 16 km of mineralisation i
Slide 10: Marenica Project
Marenica Project For personal use only Large JORC resource, exploration upside − 61 Mlb U3O8 JORC resource − Uranium ore beneficiates to ~5,000 ppm U3O8 using U-pgrade™ − U-pgradeTM has been demonstrated to reduce capital and operating costs by ~50%, compared to conventional processes − Mineralisati
Slide 11: Capri Project
Capri Project For personal use only 16 km of mineralisation − Uranium mineralisation continuous over 16 km² − Shallow mineralisation within palaeochannels − Palaeochannel in the east yet to be drilled − Ore type is calcrete hosted, prime mineralisation for our U-pgradeTM beneficiation process 2. ASX
Slide 12: Australia
Australia For personal use only Australia is a Tier 1 Uranium jurisdiction; 2nd largest producer and largest resources 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 Exploration Target - Minerva – high-grade uraniu
Slide 13: Northern Territory Projects
Northern Territory Projects For personal use only Angela - Inferred resource of 31 Mlb at 1,310 ppm U3O8 - Application of U-pgradeTM reduces projected acid consumption and operating costs - Potential to expand resource and reduce cost base Minerva3 - 10 drill holes with grades in excess of 10,000 pp
Slide 14: Western Australian Projects
Western Australian Projects For personal use only Oobagooma - High grade uranium mineralisation from 40 to 120 m below surface - 26 to 52 Mlb U3O8 Exploration Target4 - Exploration potential Thatcher Soak - Inferred resource of 11 Mlb at 425 ppm U3O8 - Located in same province as Yeelirrie, Centiped
Slide 15: U-pgrade™ – What is it?
U-pgradeTM – “What is it?” For personal use only What is U-pgradeTM - Breakthrough ore beneficiation process developed, patented and 100% owned by Elevate - Rejects >95% of mined ore mass prior to leach - Uses industry standard unit operations to beneficiate uranium ore - Rejects acid consuming mate
Slide 16: U-pgrade™ – The Icing on the Cake
U-pgradeTM – “The Icing on the Cake” For personal use only Significant Benefits - Produces low-mass high-grade concentrate - Potentially reduces CAPEX and OPEX by ~50%, compared with conventional processes - Provides optionality for the project development pathway - Potential for Elevate to develop
Slide 17: Corporate Snapshot
Corporate Snapshot For personal use only Board & Management Capital Structure Andrew Bantock Non-executive Chairman ASX Share Price (31 January 2023) A$0.44 Murray Hill Managing Director/CEO Over 40 years Shares on issue 276 M Stephen Mann Non-Executive Director of uranium Options on issue 21 M expe
Slide 18: In Summary
In Summary For personal use only The Company has been solely operating in the uranium industry for 16 years 81 Mlb U3O8 resource at Marenica and Koppies Uranium Projects, Namibia Four discoveries in Namibia in the past 3 years – Koppies, Namib IV, Hirabeb & Capri 48 Mlb U3O8 resources in Australia U
Slide 19: Contact
For personal use only Contact Murray Hill Managing Director / CEO p: +61 8 6555 1816 e: mhill@elevateuranium.com.au Elevate Uranium Limited ASX: EL8 OTCQX: ELVUF NSX: EL8 www.elevateuranium.com.au 19
Slide 20: JORC Resource Table
JORC Resource Table For personal use only 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 Koppies I JORC 2012 Inferred 100 8.7 240 4.6 Koppies II JORC 2012 Inferred 100 32.8 215 15.7 Ko
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
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