Elevate boosts Koppies uranium resource to 76.2Mlb

Elevate Uranium has boosted its Koppies Project resource base to 76.2 million pounds of U₃O₈, following a maiden inferred resource of 10.1 million pounds at the Namib IV deposit in Namibia’s Erongo Region.

The new estimate is based on 29.5 million tonnes grading 155 ppm eU₃O₈, marking a significant expansion of the company’s footprint in one of the world’s most established uranium jurisdictions.

Managing director Murray Hill said the result validates the company’s exploration strategy in the region and signals further growth potential.

“The Koppies Uranium Project now has JORC mineral resources of 76.2 Mlb U₃O₈, which the Company expects is likely to continue to grow,” he said.

Hill added that the Namib IV discovery confirms the broader-scale potential of the district, with mineralisation remaining open to the northeast and south, and several untested targets still on the tenement.

The addition of Namib IV lifts Elevate’s total Namibian uranium inventory to 106.4 million pounds, while its global resource base now stands at 163.4 million pounds U₃O₈.

Located within the Namib Naukluft Park, the Koppies Project sits in a prolific uranium corridor hosting around 359 million pounds of U₃O₈ across multiple operators and lies close to established infrastructure and producing mines such as Langer Heinrich.

Geologically, the Namib IV deposit spans a 5 km strike length, with widths ranging from 400 to 800 metres, and mineralisation extending to depths of up to 25 metres.

The resource is dominated by basement-hosted mineralisation, which accounts for about 81% of contained uranium, alongside calcrete-hosted palaeochannel deposits.

Elevate said the deposit remains robust across multiple cut-off grades, supporting confidence in geological continuity and future development potential.

The company is also advancing its proprietary U-pgrade™ beneficiation technology, which has demonstrated the ability to increase ore grade up to 50 times while reducing ore mass by about 95% before processing, potentially lowering capital and operating costs.

With further drilling planned and multiple targets yet to be tested, Elevate is positioning Koppies as a district-scale uranium project in Namibia’s expanding nuclear fuel pipeline.