Ann: Airborne EM Identifies Extensive Palaeochannels, page-26

Looking back at one of Elevate/Marenica's 2018 presentations, it is quite striking to see how well Murray and the company has delivered on it's goals outlined in that presentation. When Murray talks about his counter cyclical strategy of picking up assets in the bear market, it is easy to think this is just talk, but he outlined this strategy in 2018, when the company only owned the Marenica Deposit. Since then the company has delivered tremendously and in the tail end of a brutal bear market in uranium. If Murray can deliver such impressive results during a bear market, I am excited to seeing what he can deliver in a bull market.

From a Marenica presentation on 12th Feb 2018, outlining the company's strategy:


Company tenements/assets only include the Marenica Uranium Deposit as of 12th Feb 2018


Fast forward to the present day and we have multiple assets across 2 countries and huge exploration potential with the biggest uranium exploration land package in Namibia. And most importantly, all deposits the company have are amenable to the U-pgrade process.