Elevate Uranium
Primary tickers: ASX:EL8, OTCQX:ELVUF
Stage of development: Exploration
Primary mineral: Uranium
Projects to promote: Namibian and Australian Projects
Project locations: Namibia, Australia
Website: www.elevateuranium.com.au
Elevate Uranium is a uranium development company with significant resources in Namibia and Australia. The company has made four discoveries in Namibia, contributing to a global resource of 152 million pounds of U3O8. Elevate Uranium is one of the most active uranium companies on the ASX and is committed to ongoing exploration programs focused on growth and development.
The company’s assets are further enhanced through its proprietary beneficiation process called U-pgrade™. This patented process, developed in-house, is designed to increase the value of the company’s near-surface projects. Successful testing of the process highlighted its potential to significantly reduce capital and operating costs by as much as ~50% compared to conventional processes. The Company are now progressing the design and construction of a U-pgrade™ Demonstration Plant at the Koppies Project which will underpin the next phase of technical studies and development.
U-pgrade™ gives Elevate Uranium and its portfolio of projects a strategic advantage, setting it apart from its peers and providing value and development optionality.
Cash: AUD13.9M (as at 31 March 2024)
Debt: NIL
Major Shareholders:
Sprott Uranium Miner ETF’s – 8.1%
Global X ETF – 6.1%
Retzos Holdings – 4.1%
Hanlong Group – 2.8%
Management Ownership – 5.1%
Financials
Management Profile
Murray Hill – MD & CEO
Murray is the Managing Director of Elevate Uranium Ltd. Murray has over 38 years experience in the mining industry including 18 years in uranium, all of which has been in Namibia. Murray worked as a Metallurgical Consultant in his own business for the 10 years prior to joining Elevate Uranium.
Murray has a strong initiative and is a high achiever always searching for new and/or improved methods or technologies to gain improvement. This is complimented by his practical mindset.
He is the champion of Elevate Uranium’s U-pgrade™ process for upgrading secondary uranium ores.
What is your rationale for taking part in 121 Mining Investment?
We are looking to introduce Elevate to potential new investors. Elevate has 4 new discoveries in Namibia over the past 4 years and are actively exploring.
What recent news would you like to highlight to investors attending?
5 September 2024 – Outstanding Drilling Results at the Bigrlyi Joint Venture
27 August 2024 – Hirabeb Delivers High-Grade Uranium Intersections
25 July 2024 – Update on Exploration and Pre-Development Programs
28 May 2024 – Bulk Samples collected for Metallurgical Testwork
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Increasing the resource confidence at Koppies within infill drilling to increase confidence level from Inferred to Indicated. Commece metallurgical testwork on the U-pgrade™ process on ore from Koppies. Resource drilling at Capri and Hirabeb and exploration in the Namib and Erongo areas of Namibia, applying the learnings from Koppies exploration
6 Months:
Scoping Study on Koppies to prior to planning a pilot plant to prove the U-pgrade™ process
Exploration drilling on other Namibian tenements and Australian projects
What do you think makes your company such a compelling investment?
Our recent exploration success and expected conversion of these discoveries to resources, future potential exploration success, and value add through application of our proprietary U-pgrade™ process
What are the top 3 key investor takeaways?
Moving the flagship project of Koppies through to the study phase and other discoveries to be converted to resources
Value add of U-pgrade™
Increased demand for carbon free reliable energy that nuclear provides