Elevate Uranium Lifts Koppies Resource to 76.2 Mlb with Namib IV Maiden Estimate

Elevate Uranium Ltd ( (AU:EL8) ) has shared an announcement.

Elevate Uranium has reported a maiden inferred mineral resource estimate of 10.1 million pounds of U3O8 at its Namib IV deposit, part of the wholly owned Koppies Uranium Project in Namibia’s Erongo Region. The Namib IV resource, defined at a 100 ppm eU3O8 cut-off grade and largely hosted in basement schists and granites, validates the company’s targeting strategy and underscores the district’s growth potential.

Incorporating Namib IV lifts the Koppies Project’s mineral resource base to 76.2 million pounds of U3O8 and increases Elevate Uranium’s total Namibian mineral resources to 106.4 million pounds, with global resources now at 163.4 million pounds. With mineralisation at Namib IV remaining open in several directions and additional untested exploration targets on the tenement, the update reinforces Elevate Uranium’s position in a key uranium-producing district and suggests further potential scale for stakeholders.

More about Elevate Uranium Ltd

Elevate Uranium Limited is an Australian-listed uranium exploration and development company with projects in Namibia’s Erongo Region, one of the world’s most established uranium jurisdictions. The company focuses on discovering and defining calcrete and basement-hosted uranium resources to build a sizable global resource base for future development.

Average Trading Volume: 1,888,715

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$132.8M

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