Elevate Uranium Limited has announced a 31% increase in the Mineral Resource Estimate for its flagship Marenica Uranium Project in Namibia, building on a previous milestone achieved in February 2026 that successfully doubled the project’s resource grade.
According to Elevate Uranium Managing Director, Murray Hill, the updated estimate added 12.6 million pounds of triuranium octoxide (U₃O₈), bringing the total Marenica resource to 52.8 million pounds at a grade of 180 parts per million (ppm) U₃O₈.
The expansion increases the company’s total Namibian uranium resource base to 116 million pounds, further strengthening its position as one of the largest holders of undeveloped uranium resources in the Erongo Region, a well-established uranium mining jurisdiction.
“The growth at Marenica this year has been substantial. In February, we reported a resource that had essentially doubled in grade following a comprehensive reanalysis of our historical dataset. Now, with targeted infill drilling in the areas we identified as growth targets at the time, we have added a further 12.6 Mlb to bring the total to 52.8 Mlb at a grade of 180 ppm U₃O₈. The resource is growing methodically and with improving confidence,” he said.
A central component of Marenica’s development strategy is Elevate Uranium’s proprietary, wholly owned U-pgrade™ beneficiation technology.
Bench-scale testing on Marenica ore has demonstrated that the patented process can concentrate uranium by a factor of approximately 50, increasing the effective processing grade from around 93 ppm to 5,000 ppm U₃O₈.
By rejecting approximately 98% of waste material, known as gangue, before the leaching stage and removing acid-consuming minerals, the technology is designed to reduce both capital and operating costs by an estimated 50% compared to conventional uranium processing methods.
“We currently have four drill rigs operating to convert the Inferred Resource to Indicated Resource status, the classification required to support financial studies, while simultaneously processing Marenica bulk samples through the U-pgrade™ Pilot Plant in Namibia. Both programmes are advancing in parallel, and the results will underpin our next phase of development,” Hill said.
The strategic location of the Marenica deposit alongside the company’s nearby Koppies Project is expected to support the development of a district-scale uranium hub centred on the U-pgrade™ processing technology.
The company believes the combination of resource growth, improved confidence levels and proprietary processing technology strengthens the long-term development potential of the Marenica Project.
