Elevate Uranium : Diversified Uranium Assets in Tier 1 Jurisdictions

6 April 2022

For personal use only

Updated Company Presentation

"Diversified Uranium Assets in Tier 1 Jurisdictions"

Elevate Uranium Limited (ASX: EL8, OTCQX:ELVUF) is pleased to provide an update of its corporation presentation, highlighting its "Diversified Uranium Assets in Tier 1 Jurisdictions".

Authorisation

Authorised for release by Murray Hill.

Contact:

Managing Director - Murray Hill T: [phone]

E:[e-mail]

Elevate Uranium Ltd	Suite 2, 5 Ord Street	T:	[phone]
ASX: EL8	West Perth WA 6005	W:	elevateuranium.com.au

personal use only

Diversified Uranium Assets in Tier 1 Jurisdictions

• 1. Namibia - 5th largest uranium resources in the world and 4th largest producer 1

  Uranium production has occurred for the past 46 years

  • − Koppies (Exploration and resource estimation soon)

  • − Hirabeb (Exploration)

  • − Capri (Exploration)

  • − Marenica (61 Mlb U3O8 resource + exploration)

• 2. Australia - largest uranium resources in the world and 2nd largest producer 1

  • − Angela (31 Mlb U3O8 resource + exploration)

  • − Oobagooma (Exploration Target of 26 to 52 Mlb U3O8)2

  • − Minerva (Exploration)

See resource table on slide 20	1.	International Atomic Energy Agency website -https://www.iaea.org/
2.	"High-Grade Exploration Target at Oobagooma", 20 September 2021

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Strategy

Delivering on Uranium Strategy

Acquire

Acquired 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

• − Accumulated large strategic tenement position in Namibia and Australia

• − Namibian uranium asset portfolio - resources of 61 Mlb U3O8

• − Australian uranium asset portfolio - resources of 48 Mlb U3O8

• − Significant exploration results achieved on tenements in Namibia, resource on Koppies soon

• − U-pgradeTM beneficiation process expected to apply to assets - lowering cost base

• − Elevate has been in the uranium business for 16 years

See resource table on slide 20

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Namibia

• − 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-pgrade™

• − Elevate is holder of the largest tenement area for uranium in Namibia

• − Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited for the application

  of U-pgrade™

  See resource table on slide 20