Elevate Uranium Ltd – ASX:EL8, OTCMKTS: ELVUF, NSX: EL8

Elevate Uranium Ltd (Stock Symbol – ASX: EL8, OTCMKTS: ELVUF, NSX: EL8) engages in the exploration and evaluation of uranium deposits in Namibia and Australia.

Elevate Uranium Ltd Uranium Assets in Namibia and Australia

Elevate Uranium Ltd holds numerous assets across its portfolio of uranium projects in two countries – Namibia and Australia.

Elevate Uranium Assets
Uranium Assets. Source: Company

The company’s Namibian projects include:

Koppies

The Koppies project in Namibia is currently in phase 1 of its exploration drilling with an anticipated maiden resource update expected in mid-2022. The project covers approximately 6.4 square kilometers. The company plans to continue additional drilling during the remainder of 2022 to continue to define the asset.

Elevate Koppies Project
Koppies Project. Source: Company

Hirabeb

The Hirabeb project has mineralization identified over a 30 kilometer area, and the tenement is 15 times greater than the Koppies project area noted above. The company is planning additional exploration drilling during the middle of 2022.

Elevate Hirabeb project
Hirabeb Project. Source: Company

Namib IV

The Namib IV project is an exploration project which covers an area of 5 kilometers by 18 kilometers in Namibia. The company plans to conduct additional exploration during late 2022.

Elevate Namib IV project
Namib IV Project. Source: Company

Capri

The Capri project in Namibia is planned for it’s maiden exploration drilling in mid-2022 after the company conducted an airborne survey which identified 73 kilometers of potential palaeochannels.

Elevate Capri project
Capri Project. Source: Company

Marenica

The Marenica project is located in the central Erongo region. This project has a defined JORC resource of 61 million pounds of uranium. In addition, there is significant opportunity for exploration in this project area.

Elevate Uranium Marenica project
Marenica Project. Source: Company

The company’s 100% owned Australian projects include:

Angela

The Angela project is located in the northern territory and currently has an inferred resource of 31 million pounds of uranium, with potential for expanion.

Thatcher Soak

The Thatcher Soak project contains an inferred resource of approximately 11 million pounds of uranium.

Oobagooma

The company has identified uranium mineralization between 40 and 180 meters below the surface with an exploration target of between 26 and 52 million pounds uranium in Western Australia.

Minerva

The Minerva project currently has a strike length of over 2,400 meters with 10 drill holes conducted which have discovered grades of nearly 1% uranium.

The company’s Australian Joint Venture projects include:

Bigrlyi – 21 million pounds of uranium with a 21% ownership.

Walbiri – 16 million pounds of uranium with a 23% ownership.

Other projects – between 21% and 24% ownership with 3.6 million pounds of uranium.

Elevate Uranium Australian projects
Australian Uranium Projects. Source: Company

The company was formerly known as West Australian Metals and changed its name to Marenica Energy in November 2009 and Elevate Uranium in 2021.

Elevate Uranium Ltd was incorporated in 1978 and is based in West Perth, Australia.

Contact:

Elevate Uranium Ltd

Murray Hill, Managing Director /CEO

Suite 2, 5 Ord Street

West Perth, 6005

Western Australia

Phone: +61 (8) 6555 1816

Email: [email protected]

www.elevateuranium.com.au

Elevate Uranium Ltd Stock Performance (ELVUF Stock, not the ASX or NSX EL8 stocks) and Market Data

Stock Symbols – EL8 – Australian Stock Exchange, EL8 – National Stock Exchange, ELVUF – OTCMKTS

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While considering this individual company, also take a look at these other uranium stocks to include in your portfolio.

The Elevate Uranium group is full of discussions, presentations, and company announcements. If you’re looking to be engaged, this is the place for it!

Discuss the company in more detail and dive deeper into organized conversations in the Elevate Uranium forum.

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