Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — West Australian Metals — Shareholder Meeting (November 2009)
12 slides from Elevate Uranium's shareholder meeting presentation, November 2009
Slide 1: AGM Presentation November 2009
AGM Presentation November 2009 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by West Australian Metals Ltd (WME) 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 WME, or as an inducement to make an offer or invitat
Slide 3: Competent Persons Statement
Competent Persons Statement Information in this report that relates to exploration results is based on information compiled by Dr Erik van Noort, who is a Member of the Australian Institute of Geoscientists. Dr van Noort is a full-time employee of West Australian Metals Limited and has sufficient ex
Slide 4: Capital Structure
Capital Structure Ordinary Shares 449M ASX Code: WME Frankfurt Exchange: WTT Namibian Exchange: WAM Top 20 66% Market Capitalisation 25/11/08 A$20M Market Capitalisation 25/11/09 A$55M Cash A$6M 4
Slide 5: Management
Management • Graham Woolford – Chairman Mr Woolford holds a Master of Business Administration from Oxford University and has over 30 years experience in business development in South-East Asia, the Middle East, Africa and Australia. • John Young – CEO Previously the CEO of another ASX and AIM listed
Slide 6: Uranium – Commodity Update
Uranium – Commodity Update • Spot price currently ~US$97,000/t (US$44/lb) • Demand fundamentals driven by: – 436 operating world wide – 115 new reactors planned or under construction for completion by 2020 – 20% of world production from politically unstable environments – increasing acceptance of nu
Slide 7: Marenica Uranium Project
URANIUM MARENICA PROJECT #8 NAMIBIA EPL 3287 4 Karibib _ Usakos a ee) = Henties Bay Valencia Project (Forsys Metals) ; Trekkopje Mine Atlantic (Areva) Rossing Mine Ocean a (Rio Tinto) Swakopmund Rossing South Project (Extract) Walvis Bay . ae Etango Project oe edi Africa (Bannerman) mee A (Paladin)
Slide 8: Year in Review 2009
Year in Review 2009 • 80/20 Shareholder agreement with Marenica Minerals • Significant funding from Btv, Polo • Establishment Office and team • Over 14,000m Drilling $5M spent • A significant “New” U3O8 JORC resource of ~40M Lbs • Metallurgical test work at, Cardiff and ANSTO D • EPL renewed to Nov
Slide 9: Resource Development
Resource Development • A significant “New” U3O8 JORC resource, 122MT @140ppm U3O8 • Indicated ~ 16MT @170ppm U308, Inferred ~ 106MT @ 140 ppm U3O8 • Upgrade of Inferred to Indicated • Infill results continue to deliver higher grades • Results incorporated for January estimation. 9
Slide 10: Marenica Project – New Results
Marenica Project – New Results 5.5m @ 618ppm eU3O8 from 0.46m in MAR1361 6.8m @ 377ppm eU3O8 from 1.76m in MAR1371 8.8m @ 416ppm eU3O8 from 0.66m in MAR1379 10.1m @ 260ppm eU3O8 from 1.94m in MAR1422 11.1m @ 176ppm eU3O8 from 3.0m in MAR1453 3.5m @ 565ppm eU3O8 from 16.08m in MAR1461 Extensions 2.7m
Slide 11: Metallurgy 2009
Metallurgy 2009 • 31 Diamond drill holes completed • SRK confirmed Carnotite dominant mineralogy • 900kg material to Cardiff University • Bottle Roll leach testing recoveries, 55% to 70% • Metallurgical for Scoping Study by SRK Q1 2010 • Ore sorting at ANSTO (3 tonnes) - Radiometric Sorting D - Scru
Slide 12: 2010 Objectives
2010 Objectives: • Solid funding program for 2010 • All 2009 results incorporated • Substantial Upgrade of inferred resource to indicated - January • 5000m planned for Aircore drilling for targeting further Palaeo- channel resources – February 2010 • New radiometrics – New drilling targets • Scoping
West Australian Metals — Shareholder Meeting (November 2009) on 6ix