Elevate Uranium Limited (ASX: EL8 | OTCQX: ELVUF) has increased the Mineral Resource at its Marenica Project in Namibia by 31%, continuing a strong growth trend across 2026.
The updated resource now stands at 52.8Mlb U₃O₈ at 180ppm, following targeted infill drilling that added 12.6Mlb of contained uranium. This builds on earlier work this year that significantly improved the grade of the deposit.
Elevate’s broader Namibian portfolio now totals 116Mlb U₃O₈, contributing to a global resource base of 173Mlb, positioning the company among the larger undeveloped uranium players in the Erongo region.
Bulk samples from the expanded resource area are currently being processed through the company’s U‑pgrade™ Pilot Plant, with results expected to support upcoming feasibility work. At the same time, active drilling continues to focus on upgrading resources from Inferred to Indicated, a key step toward development studies.
Murray Hill, managing director of Elevate Uranium, commented, “The growth at Marenica this year has been substantial, with both grade and contained metal increasing significantly. With drilling ongoing and pilot plant work progressing in parallel, we are continuing to build confidence in the resource as we move toward the next stage of development.”
Elevate continues to advance Marenica as part of a broader district‑scale uranium strategy in Namibia.
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