Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Marenica Energy — Shareholder Meeting (November 2014)
11 slides from Elevate Uranium's shareholder meeting presentation, Nov 3, 2014
Slide 1: 2014 CEO Presentation to AGM
Marenica Energy Limited 2014 CEO Presentation to AGM Creating a Uranium Company using the new U-pgradeTM process 3/11/2014 1
Slide 2: U-pgrade – In Summary
U-pgradeTM – In Summary U-pgradeTM process applicable to surficial deposits and is designed to; Concentrate uranium in ore ~30-50 times prior to leaching Reject >97% of mined ore prior to leaching Rejection of calcite (acid consumer) creates environment suitable for acid leach, lowering costs Reduce
Slide 3: U-pgrade – Additional Benefits
U-pgradeTM – Additional Benefits U-pgradeTM process has the added benefits of; Successfully tested in sea water Applicable to high sulphate ores Produces inert waste stream – environmentally friendly U-pgradeTM uses well established and understood unit processes configured in unconventional manner (
Slide 4: U-pgrade – CSIRO
U-pgradeTM – CSIRO U-pgradeTM was developed in cooperation with the CSIRO in Perth Outcomes and conclusions of CSIRO include; “U-pgradeTM occurs at atmospheric temperature and pressure, without the need for expensive reagents” “U-pgradeTM uses standard equipment commonly used to process base metals,
Slide 5: U-pgrade – Application to Resources
U-pgradeTM – Application to Resources Successful U-pgradeTM amenability tests completed on a number of ore sources These include Areva Trekkopje deposit in Namibia Deep Yellow Tumas and Aussinanis deposit in Namibia Deep Yellow Napperby deposit in Australia Other Namibian and southern African deposi
Slide 6: U-pgrade – Market Opportunity
U-pgradeTM – Market Opportunity Quantum leap in performance available to owners of surficial deposits by using U-pgradeTM Most existing mines are marginal at best, with owners seeking substantial cost reductions in order to secure their financial future U3O8 price now well below incentive price for
Slide 7: Funding Requirement
Funding Requirement Funding can take place at various levels Focus is on investment in UB and to support project Bankable Feasibility Study (BFS) At completion of BFS development capital will be sought to build the mine Marenica Energy Ltd Uranium Marenica U Mine Beneficiation Pty Ltd Pilot Plant U-
Slide 8: U-pgrade – Funding process update
U-pgradeTM – Funding process update Select group of investors short listed Well advanced discussions at technology and project investment levels Allowed access to U-pgradeTM ‘black box’ to limited number of parties to control dissemination of IP U-pgradeTM has stood up to rigorous technical due dili
Slide 9: U-pgrade commercialisation of first project – 2015
U-pgradeTM commercialisation of first project – 2015 Agreement with Resource owners Project/Pilot funding Build Pilot Pant Complete first pilot run Feasibility Study Negotiate with next in line resources owners 2014 2015 2016 3/11/2014 9
Slide 10: General Update
General Update Submitted application to Ministry of Mines and Energy Namibia for Mineral Deposit Retention License If approved would allow a period of 5 years grace with respect to exploration expenditure obligations Texas and Oklahoma Coal Company (TOCC) TOCC successfully merged with Metals Finance
Slide 11: Conclusion
Conclusion Marenica has developed potentially disruptive technology capable of converting many uneconomic uranium deposits into strategically important production assets operating in the bottom half of the industry cost curve The company’s primary objective is to commercialize U-pgradeTM earning com
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