Elevate Uranium’s JV Bigrlyi Mineral Resource Increased by 12%
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Elevate Uranium’s JV Bigrlyi Mineral Resource Increased by 12%

byKatie Gordon, Associate Editor - The Assay
5 months ago
Reading Time: 1 min read
Elevate Uranium funded to advance Koppies Uranium with A$25M Institutional Placement

Elevate Uranium limited (ASX:EL8) (OTC:ELVUF) has announced a 12% mineral resource increase released by its joint partner Energy Metals Ltd (ASX:EME). Elevate Uranium through its 100% owned subsidiary Northern Territory Uranium Pty Ltd is in joint venture with EME at the Bigrlyi Joint Venture located in the Ngalia Basin in the southern area of the Northern Territory.

The updated MRE contains an additional 1.2kt U3O8 (2.6Mlbs) compared to the 2024 estimate. 20% of the resource is now classified as Measured, rising from 18% previously, which provides increased geological confidence in the resource. v Elevate

NTU owns 20.8% of the BJV. The Bigrlyi Joint Venture is part of the extensive Australian uranium tenements and resources controlled by Elevate Uranium in Western Australia and Northern Territory.

To read more about this, please visit https://www.elevateuranium.com.au

To read more news like this, please visit www.theassay.com/news

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Katie Gordon, Associate Editor - The Assay

Katie Gordon, Associate Editor - The Assay

Katie Gordon is The Assay’s Associate Editor, covering mining company news, market developments, and industry wide issues for Theassay.com. After moving to Hong Kong from the UK in 2019, she wrote content for various sectors and is now building on her experience by focusing on the mining industry. Katie holds a First Class Honours degree in Politics from Swansea University.

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