Elevate Uranium's strategic progress in Namibia

Elevate Uranium (ASX:EL8) has provided an update on its exploration and pre-development activities in Namibia. The company is progressing its U-pgrade™ program at the Koppies Project to improve uranium ore processing. A demonstration plant is expected by late 2025. Additionally, significant drilling results have been reported from various locations, indicating potential for resource expansion.

Overview of Elevate Uranium's strategic initiatives

Elevate Uranium is making significant strides in Namibia, focusing on its U-pgrade™ metallurgical beneficiation program at the Koppies Project. The upcoming demonstration plant, expected to be operational by late 2025, will showcase the program's potential. The company is also expanding its exploration efforts at Hirabeb, Namib IV, Capri, and Marenica, with promising drilling results indicating potential for resource growth. Elevate Uranium aims to enhance uranium recovery and improve project economics, aligning with global trends towards sustainable energy solutions.

Executive insights on Elevate Uranium's developments

The metallurgical testwork for the U-pgrade™ program is advancing well, and we anticipate the design of a demonstration plant by early 2025. We are committed to demonstrating the efficacy of U-pgrade™ on Koppies ore by late 2025. Our exploration activities continue to yield significant uranium intersections, particularly at Hirabeb and Namib IV, which supports our resource expansion strategy.