Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Sydney Resources Round-up (May 2019)
15 slides from Elevate Uranium's conference presentation, May 8, 2019
Slide 1: Presentation to the Sydney Resources Round-up
Presentation to the Sydney Resources Round-up “Uranium explorer with a breakthrough beneficiation process” May 2019
Slide 2: Disclaimer & Important Information
Disclaimer & Important Information Disclaimer This presentation has been prepared by Marenica Energy Limited (Marenica). This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in Marenica. This document
Slide 3: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Chairman Andrew Bantock +25 years experience as Chairman, Director, CEO and CFO roles ASX Code MEY Managing Murray Hill Share Price (6 May 2019) $0.10 Director +30 years experience in mining industry, particular focus on metallurgic
Slide 4: Investment Highlights
Investment Highlights Uranium exploration company with considerable leverage to the coming uranium bull market Exploration • Strategic ground position with EPL applications in the North- West and South-East Erongo region of Namibia • EPL 6987 plus three other EPL’s granted – immediately adjacent to
Slide 5: Tenement Location in Namibia
Tenement Location in Namibia • Located in Namibia, a world-class uranium province with established uranium mining industry • Marenica Uranium Project – large resource of 61 Mlb • Mile 72 – exploration program commenced • Highly prospective EPL 6987 granted April 2019 – contains known uranium mineral
Slide 6: Location of Tenements – South East Erongo Region (Namib)
Location of Tenements – South East Erongo Region (Namib) 6
Slide 7: Koppies EPL 6987
Koppies EPL 6987 • DYL successful drilling results within 100 m of Koppies • Koppies adjoins Deep Yellow’s (DYL) Tumas tenement • Historic drill results include: • 3 m at 555 ppm • 4 m at 482 ppm • 1 m at 412 ppm • 6 m at 369 ppm • 6 m at 351 ppm • Tumas channel mineralisation extends into Koppies •
Slide 8: Mile 72 – North West Erongo Region
Mile 72 – North West Erongo Region • Marenica Uranium Project – large resource of 61 Mlb • Mile 72 – exploration program commenced • Trekkopje East EPL granted • Two other EPL applications near Mile 72 8
Slide 9: Marenica's Uranium Project – Large Resource Base
Marenica’s Uranium Project – Large Resource Base • Large-scale uranium deposit at surface – Inferred Mineral Resources of 299 Mt @ 93 ppm U3O8 for 61 Mlbs U3O8 • Simple geology and metallurgy – Uranium in calcrete (similar to Paladin’s Langer Heinrich, Orano’s Trekkopje and Deep Yellow’s Tumas) • Lo
Slide 10: About U-pgradeTM
About U-pgradeTM What is U-pgradeTM • Patented breakthrough beneficiation process 100% owned by Marenica • U-pgradeTM rejects >95% of mass prior to leach • U-pgradeTM means <5% of ore mass is presented to leach Significant Cost Savings • Potential to reduce CAPEX and OPEX by ~50% compared with conve
Slide 11: Positive Uranium Outlook
Positive Uranium Outlook 71 165 315 40% Nuclear reactors Further nuclear Further nuclear Est. global demand under construction reactors planned reactors proposed growth by 2025 China Summary • China and rest of world are building nuclear reactors - fuelling demand for uranium • Big producers have cu
Slide 12: Valuation Compared to Peers
Valuation Compared to Peers Ratio of Resource Size to Market Cap (Mlbs/$M) 1000 2.0 100 1.9 Market Cap ($M) 0.9 5.8 3.0 10 8.4 1 PDN DYL TOE BMN VMY MEY MEY has largest Resource to Market Cap ratio compared to its peers … 12
Slide 13: Investment Rationale
Investment Rationale • Diversified investment – Marenica & Mile 72 projects, exploration ground position and patented beneficiation process • Drilling at Mile 72 • EPL6987 “Koppies” granted adjacent DYL Tumas East Uranium Prospect • Marenica Project - Large uranium resource (61Mlbs U3O8) • Set to be
Slide 14: Thank you
Thank you Contact details: Murray Hill murray.hill@marenicaenergy.com.au +61 8 6555 1816 14
Slide 15: Appendix: Marenica Uranium Project Resource
Appendix: Marenica Uranium Project Resource Marenica Uranium Project Total Mineral Resources as at 30 June 2018 (at a 50ppm U3O8 cut-off grade) Tonnes U3O8 Grade U3O8 Resource Category (millions) (ppm) Mlbs Marenica Indicated 26.5 110 6.4 Inferred 249.6 92 50.9 Total 276.1 94 57.3 MA7 Inferred 22.8
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