Elevate Uranium Limited (ASX: EL8, OTCQX:ELVUF) is pleased to provide an update of its corporation presentation, highlighting its "Diversified Uranium Assets in Tier 1 Jurisdictions".


Diversified Uranium Assets in Tier 1 Jurisdictions

  • Namibia - 5th largest uranium resources in the world and 4th largest producer I Uranium production has occurred for the past 46 years
    • Koppies (Exploration and resource estimation soon
    • Hirabeb (Exploration)
    • Capri (Exploration)
    • Marenica (61 Mlb U308 resource + exploration)
  • Australia - largest uranium resources in the world and 2nd largest producer
    • Angela (31 Mlb U308 resource + exploration)
    • Oobagooma (Exploration Target of 26 to 52 Mlb U308)2
    • Minerva (Exploration)

Delivering on Uranium Strategy

Strategy

Delivery

  • Accumulated large strategic tenement position in Namibia and Australia
  • Namibian uranium asset portfolio — resources of 61 Mlb U308
  • Australian uranium asset portfolio — resources of 48 Mlb U308
  • Significant exploration results achieved on tenements in Namibia, resource on Koppies soon
  • U-pgradeTM beneficiation process expected to apply to assets — lowering cost base
  • Elevate has been in the uranium business for 16 years

Namibia

  • Namibia is a Tier 1 Uranium jurisdiction; 4th largest producer & 5th largest resources in the world
  • Namibia has an established uranium mining industry operating for 46 years
  • 61 Mlb U308 resource at Marenica Uranium Project, beneficiates to -5,000 ppm U308 using U-pgrade TM
  • Elevate is holder of the largest tenement area for uranium in Namibia
  • Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited for the application of U-pgrade TM


Click here for the full ASX Release

This article includes content from Elevate Uranium Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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