The Assay TV catches up with Murray Hill, CEO, and managing director of Elevate Uranium (ASX: EL8 | OTCQX: ELVUF), a uranium exploration company that has significant resources in Namibia and Australia and is making new discoveries through active exploration programmes.
Last month, the company announced an updated JORC inferred mineral resource estimate of 48Mlb eU3O8 for its Koppies Uranium Project, Namibia, representing a 136% increase. Murray states that this substantially advances the status of the project, building the company’s global mineral resources to 142Mlb eU3O8.
Elevate currently has three drill rigs operating to further expand the resource. The next resource update will include the drilling currently in progress and is expected to be completed in Q1 2024.
Primary tickers: ASX:EL8, OTCQX:ELVUF
Stage of development: Exploration
Projects to promote: Namibian & Australian Projects
Project locations: Namibia, Australia