Elevate Uranium has enlarged its Koppies project in Namibia, now claiming a total resource of 76.2 million pounds of uranium oxide (U3O8). This increase stems from the addition of the new Namib IV deposit, which has a maiden estimate of 10.1 million pounds U3O8. The company’s total attributable Namibian holdings now reach 106.4 million pounds U3O8, encompassing the Koppies, Hirabeb, Namib IV, and Marenica deposits.
The addition of Namib IV, characterized by mineralisation extending over a 5-kilometer strike and widths between 400 to 800 meters, positions the Koppies project as a potentially "district-scale" uranium asset. Management points to the ongoing drilling and numerous untested targets within the tenement as indicators of further growth. Mineralisation at Namib IV remains open to the northeast and south.
Koppies Project Details
The expanded Koppies project now comprises 186.2 million tonnes at 186 parts per million eU3O8, equating to the 76.2 million pounds U3O8 resource. Within this, the main Koppies deposit holds 55.9 million pounds, Hirabeb accounts for 10.2 million pounds, and the newly estimated Namib IV deposit contributes 10.1 million pounds.
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Global Resource Growth
On a company-wide basis, Elevate Uranium's global resource base has reportedly climbed to 163.4 million pounds U3O8. The Namib IV estimate was defined using a 100 parts per million eU3O8 cut-off grade, with mineralisation predominantly found in weathered basement granite and carbonate-veined schist.
Operational Developments
In parallel with resource exploration, Elevate Uranium has shipped its U-pgrade™ Pilot Plant to Namibia. This facility, designed to upgrade uranium concentrate prior to leaching, is intended to demonstrate the scalability and efficiency of their beneficiation technology across Namibian projects. Drilling at the Koppies project, specifically within the Namib IV tenement, has involved 253 holes totalling 7,101 meters, testing mineralisation extensions.
Project Context
Elevate Uranium operates in Namibia's Erongo Region, a known uranium-producing area. The company’s strategy focuses on identifying and defining calcrete and basement-hosted uranium resources. The Namib IV discovery is seen as validation of their exploration approach, diversifying from traditional palaeochannel hosted mineralisation. The resource estimate for Namib IV was initially anticipated by later 2025, and drilling programs at the project have identified calcrete-hosted mineralisation in areas of interpreted palaeochannel.
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