Elevate Uranium is expanding the mineralisation area at the Namib IV with a drilling program scheduled for completion early in the June quarter.
Namib IV is only 10 kilometres from the southern portion of the Koppies resource and is part of the Koppies Uranium Project.
The mineralisation at Namib IV starts within 5.5 metres of the surface for all holes.
Elevate Uranium says this indicates that the bulk of the mineralisation is expected to be shallow in depth, similar to that identified at the Koppies resource.
The current drilling program tests the extent of mineralisation by systematically stepping out with drill lines that are nominally 400 metres apart.
A second drill rig is testing a range of targets beyond the known mineralised area, with 308 holes for 8,639 metres drilled during the March quarter.
As additional resources are delineated at Namib IV, they will be added to the total Koppies Uranium Project resource base and used to extend the potential life of the mine or allow an increased production rate at any future mining operation at Koppies.
During the March quarter, the company continued pre-development activities to demonstrate the potential benefits of its proprietary U-pgrade™ beneficiation process.
The demonstration plant is designed to confirm, at a scalable size and operating continuously, that the U-pgrade™ process can remove gangue waste material and concentrate uranium mineral into a low-mass, high-grade concentrate before leaching.
This trial is designed to de-risk the U-pgrade™ process before commercialisation.
The design and construction of the plant are scheduled, with completion expected by mid-2025.
Elevate Uranium completed a drill program of 106 holes for 2,977 metres at the Hirabeb during the quarter.
The program intersected mineralisation northwest of the current resource area and confirmed the mineralisation remains open to the north and northwest.
Even though the program successfully expanded the mineralised envelope, drilling at Namib IV has been prioritised whilst the team is assessing the Hirabeb results.
Elevate Uranium also undertook an exploratory drill program on EPL 6663 and EPL 7279 during the quarter, targeting anomalies identified from airborne radiometric and electromagnetics.
There was no significant mineralisation intersected from 76 holes for 2,128 metres, and Elevate Uranium is reviewing the results to determine if future drilling is warranted on these tenements east of the Koppies resource.
Elevate Uranium has put on hold the drilling program at the Capri tenement, about 25 kilometres from the company’s Marenica Uranium Project, to assess the results.
The drilling completed during the March quarter was testing extensions to the mineralised envelope.
A total of 123 holes for 3,494 metres were drilled with the notable intersections.
Drilling at the Marenica Uranium Project, 25 kilometres north of Orano’s Trekkopje Uranium Project, expected to be completed early in the June quarter, has produced some encouraging results that will be followed up.
Drilling during the quarter was focused on exploration outside of the resource area on anomalies generated from airborne surveys and Koppies basement-style targets.
The program is a total of 204 holes for 6,477 metres drilled during the quarter.
