Elevate Uranium reported significant progress in its drilling operations across its Namibia projects this year, having drilled a total of 81,767 metres.
The company’s 2024 annual report details the progress, highlighting key projects such as Koppies, Hirabeb and Capri, which show strong potential for resource development.
According to the report, the Koppies Project comprised 77% of the total drilling efforts, with the uranium resource at Koppies increasing to 57.8 million pounds of U3O8—a 185% rise compared to the previous year.
“During May 2024, eight test pits were excavated at Koppies to provide ore samples for a detailed U-pgradeTM metallurgical bench-scale testwork program to be undertaken in Australia. The results of the testwork will be used to inform the design and subsequent operation of a U-pgradeTM demonstration plant, which is planned to be undertaken during the calendar year 2025,” the report noted.
The Hirabeb Project is advancing toward establishing its maiden resource, with ongoing drilling expected to be completed by year-end.
Exploration at Hirabeb has yielded promising results, providing the groundwork for a maiden resource to be established before year-end. This progress indicates the project’s potential contribution to the overall resource base.
“Drilling at Hirabeb continues to confirm the project’s potential, and we anticipate a positive outcome as we move closer to defining its maiden resource,” the report noted.
Drilling at the Capri Project resumed after prior access delays, with a total of 99,590 metres drilled in 2024.
The ongoing exploration at Capri aims to further delineate its resource potential, making it a top priority for future exploration activities.
“Drilling at Capri continues to provide insights into its potential, making it a top priority for future exploration activities,” the report emphasises.
Overall, the exploration results detailed in the 2024 report reinforce Elevate Uranium’s strategic approach to enhancing its resource base and its positioning in the uranium market.
“The success of our exploration programme reaffirms our strategy of delivering long-term value through the advancement of our Namibian projects,” said Elevate.
Elevate Uranium’s exploration initiatives occur against a backdrop of increasing demand for uranium, driven by a renewed interest in nuclear energy and energy security.
