Elevate Uranium advances 112 million pounds of Namibian resources
By the AFREEQUE newsroom, based on Observer24
Australian company Elevate Uranium reports 112 million pounds of uranium oxide in its Namibian resources, out of a total of 161 million across Namibia and Australia. It is testing processing technology at a pilot plant transported to Namibia, with trials and analysis planned through early 2026, according to the company.
Australian company Elevate Uranium has 112 million pounds of uranium in Namibia, out of a total resource of 161 million pounds of uranium oxide across Namibia and Australia. The company is continuing to develop its Namibian projects, Observer24 reports.
Its Koppies project has a reported resource of 56 million pounds. Elevate Uranium says about half of the mineralisation lies less than seven metres below the surface and 95% is within the first 17 metres. Nearby Hirabeb has an initial inferred resource of 10.2 million pounds, while drilling continues to determine its extent.
The company is testing its patented U-pgrade technology, which aims to separate barren minerals from calcrete ore before processing. It says the process can remove more than 95% of minerals containing no uranium and concentrate the ore by up to 50 times, potentially reducing capital and operating costs by about 50% compared with conventional methods. A pilot plant built in Perth was transported to Namibia for assembly and commissioning; trials and data analysis were scheduled to continue until early 2026.
Elevate Uranium is also working at Namib IV, where it is targeting an initial resource estimate in the first quarter of 2026, and is reassessing the Marenica deposit, estimated at 61 million pounds. Its portfolio also includes the Angela project in Australia’s Northern Territory, with an inferred resource of 31 million pounds.
