Elevate Uranium (ASX: EL8) increases Koppies resource by 136% to 48Mlb (w/ Murray Hill)

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6M ago 20:16

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Elevate Uranium (ASX: EL8) managing director and chief executive officer Murray Hill joins Small Caps to discuss the company's success in significantly increasing the mineral resource estimate (MRE) for its Koppies uranium development in Namibia.

The recently released MRE update included a dramatic 136% increase in the Koppies resources to 48 million pounds and a 42% jump in Elevate's total Namibian numbers.

The company is not resting on its laurels and is aggressively looking to add to those impressive figures with an ongoing exploration campaign.

Elevate currently has three drill rigs in the field progressing a resource growth test of a mineralised zone south of its Koppies 2 and Koppies 4 deposits.

Notably that drilling is taking place to to the south of the MRE envelope, with mineralisation remaining open in multiple directions around the resource.

Elevate has also identified potential for additional mineralisation beneath the earlier shallow drilling.

Article:
https://smallcaps.com.au/elevate-uranium-increases-koppies-resource-48mlb/

For more information on Elevate Uranium:
https://smallcaps.com.au/stocks/asx-el8/

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