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
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