Elevate Uranium (EL8)
Elevate Uranium Limited (ASX: EL8) ("Elevate" or the "Company") owns substantial uranium resources across two continents and continues to make exciting discoveries, at a time when the global demand for base load carbon free energy is rapidly growing, as the world shifts towards a greener economy. Elevate's patented ore treatment process has been shown to significantly improve the economics of future uranium developments and reduces their environmental footprint, which provides an edge in the race to deliver new supply to the market.
On commencement of trading under its new Company name, Elevate is pleased to provide an overview
of its significant uranium asset portfolio which includes:
Namibia: 61 Mlb of U3O8 resource, largest uranium ground position, new discoveries
- Marenica Uranium Project – 61 Mlb uranium resource*. Elevate's U-pgradeTM increases the grade by over 50 times to ~5,000 ppm U3O8
- Koppies – 6.4 km² mineralised palaeochannel system ready for resource drilling
- Hirabeb – palaeochannel system extending 36 kilometres, a distance wider than the English Channel, with mineralisation identified over 30 kilometres
- Namib IV – extensive palaeochannel system over 19 kilometres in length
- Tenements covering the largest ground position for nuclear fuels (uranium) in Namibia
- An Airborne Electromagnetic Survey in progress
Australia: 48 Mlb of U3O8 resources, improving development options
- Australian uranium portfolio – 48 Mlb at average grade of 859 ppm U3O8*
- Angela (NT) – resource of 31 Mlb at 1,310 ppm U3O8* – U-pgradeTM reduces acid costs by 77%
- Oobagooma (WA) – underexplored, but featuring extensive zones of mineralisation
- Minerva (NT) – historical high-grade uranium and gold drill intervals
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