Investor Presentaiton
U-pgrade™ - The Differentiator
MARENICA
ENERGY LIMITED
What is U-pgrade™
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100% owned and patented breakthrough beneficiation process developed in collaboration with CSIRO
TM
U-pgrade ™ rejects >95% of mass prior to leach
TM
U-pgrade ™ demonstrated to increase Marenica Project ore grade from 93 ppm to ~5,000 ppm U308
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U-pgrade TM also rejects acid consumers and thereby reduces acid consumption
Significant Benefits
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Potential to reduce CAPEX and OPEX by ~50%, compared with conventional processes, on surficial
uranium ores
Produces low-volume high-grade concentrate which reduces capital costs of processing plant and
tailings; and operating costs for handling, processing and tailings
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Provides optionality for project development
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Allows Marenica to develop projects others can't
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