Figure 1: Namib IV Resource Outline with GT Collars Outside the MRE Area.
Highlights
- 10.1 Mlb U3O8 Maiden Inferred Mineral Resource at Namib IV uranium deposit, part of the Koppies Uranium Project.
- Extensions of the mineralisation anticipated to the northeast and to the south of the current resource area, in addition to other untested exploration targets on the Namib IV tenement.
- Addition of the Namib IV resource increases the Koppies Uranium Project Mineral Resource base to 76.2 Mlb U3O8.
- Namibia in-country mineral resources now total 106.4 Mlb U3O8, across the Erongo Region, one of the world’s most established uranium jurisdictions.
- The Company’s global mineral resources have increased to 163.4 Mlb U3O8.
ASX-listed Elevate Uranium has announced a maiden Inferred Mineral Resource Estimate (MRE) of 10.1 Mlb U3O8 at Namib IV, part of the wholly owned Koppies Uranium Project in Namibia’s Erongo Region.
Elevate Uranium Managing Director, Murray Hill, commented: “The Koppies Uranium Project now has JORC mineral resources of 76.2 Mlb U3O8, which the Company expects is likely to continue to grow. We recognised that this region had potential to host uranium at scale and our targeting criteria have now been validated with a maiden resource of 10.1 Mlb U3O8 at Namib IV. With mineralisation still open in multiple directions and untested targets remaining on the tenement, we believe this deposit has further to run.
The broader picture is equally compelling. Our total Namibian Mineral Resources now stands at 106.4 Mlb U3O8, a significant endowment in the Erongo, the same district which hosts one of the world’s longest producing uranium mines. Our global resource base has increased to 163.4 Mlb U3O8.”
