Elevate Uranium Ltd
0.20
AUD
+0.00
(-2.50%)
Elevate Uranium Ltd
ASX:EL8
(Australian Securities Exchange)
Recent
price
0.20
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ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Elevate Uranium Ltd Elevate Uranium Ltd engages in the exploration, evaluation, and development of uranium deposits and other minerals, primarily in Namibia and Australia. The company holds a global mineral resource base of approximately 160.5 million pounds of U3O8, including its flagship Koppies Uranium Project in Namibia with 66.1 million pounds U3O8 (78% in the JORC Indicated category), the nearby Hirabeb deposit with a 10.2 million pounds U3O8 Maiden Inferred Resource, the 75%-owned Marenica Uranium Project with 61 million pounds U3O8 (Elevate's share 46 million pounds), and Australian assets such as the 100%-owned Angela Project with 31 million pounds U3O8 at 1,310 ppm, Thatcher Soak with 11 million pounds U3O8, and others including Minerva; it employs its proprietary, 100%-owned U-pgrade beneficiation process, which reduces ore mass by over 95% prior to leaching, boosting grades such as from 93 ppm to 5,000 ppm U3O8 at Marenica while cutting capital and operating costs by about 50% versus conventional methods, thereby enhancing project economics and development optionality. Headquartered in West Perth, Australia, Elevate Uranium Ltd maintains extensive tenements as Namibia's largest uranium holder and pursues active drilling programs totaling around 100,000 meters across its portfolio to expand resources. Recent developments include a strongly supported A$25 million institutional placement in October 2024, led by Paradice Investment Management with a A$12.4 million commitment for a 9.9% stake, to fund U-pgrade demonstration plant construction and operation by mid-2025 on Koppies ore, complete bench-scale metallurgical testwork, advance a Koppies scoping study, and support exploration drilling; an upgrade of the Koppies resource from inferred to indicated status in October 2024; divestment of the Oobagooma Uranium Project in Western Australia to Orpheus Uranium Ltd Orpheus Uranium Ltd in October 2025 for cash, shares, and milestone payments to sharpen focus on Namibian and Northern Territory assets; and ongoing high-impact drilling successes such as positive chemical assays confirming results at the Bigrlyi joint venture in December 2024 and high-grade intersections at Hirabeb in August 2024.