Elevate Uranium
Primary ticker: ASX:EL8, OTCQX:ELVUF
Stage of development: Exploration
Primary minerals: Uranium
Project to promote: Namibian and Australian Projects
Project location: Namibia, Australia
Website: www.elevateuranium.com.au
Elevate Uranium is a geographically diverse uranium exploration company with significant resources in Namibia and Australia and is making new discoveries through active exploration programs. The Company is one of the most active uranium exploration companies on the ASX with recent success of four discoveries with an estimated JORC resource at Koppies in Namibia, the first of the four discoveries.
The value of these assets is ngreatly enhanced through application of Elevate Uranium proprietary beneficiation process (U-pgradeTM). U-pgradeTM is a patented beneficiation process developed in house and has the potential to reduce the capital and operating costs by 50% compared to conventional processes. U-pgradeTM provides Elevate Uranium with development optionality for its uranium assets.
U-pgradeTM, a process that no other uranium company has, provides Elevate Uranium with a strategic advantage which clearly differentiates it from its peers.
Cash: AUD15.7M (as at 31 December 2023)
Debt: NIL
Major Shareholders:
Sprott Uranium Miner ETF’s – 7.5%
Global X ETF – 4.6%
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-pgradeTM 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?
9 April 2024 – Koppies Resource Expands to 57.8 Mlb
19 March 2024 – Koppies Inferred Resource Drilling Completed
7 March 2024 – Half Yearly Report and Accounts
29 January 2024 – Quarterly Activities/Appendix 5B Cash Flow Report
18 January 2024 – Elevate Increases Number of Drill Rigs to Accelerate Growth
8 Dec 2023 – Elevate Uranium Secures $10M to Accelerate Its Growth Strategy
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Resource drilling at Koppies to update the existing 48 Mlb U3O8 resource
6 Months:
Increasing the resource confidence at Koppies within infill drilling to increase confidence level from Inferred to Indicated. Commece metallurgical testwork on the U-pgradeTM 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
12 Months:
Scoping Study on Koppies to prior to planning a pilot plant to prove the U-pgradeTM process
Resource drilling at Capri and Hirabeb
Exploration drilling on other Namibian tenements and Australian projects
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Key risks are stock market volatility, but we are funded through to mid 2024 so aren’t dependent on raising capital in a difficult environment
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-pgradeTM process
What are the top 3 key investor takeaways?
Moving the flagship project of Koppies through to the study phase and rother discoveries to be converted to resources
Value add of U-pgradeTM
increased demand for carbon free reliable energy that nuclear provides