Tenement EPL 7278 (called Hirabeb) is the largest of Elevate Uranium’s strategically located tenements in the Koppies Uranium Project of Namibia.
Hirabeb has a maiden JORC resource of 10.2 Mlb uranium. The current drilling program is testing the extent of mineralisation outside of that resource area. The Hirabeb mineralisation is only 25 kilometres from the southern portion of the Koppies resource (see Figure 2) and is part of the Koppies Uranium Project.
The location of the resource area and grade thickness (GT) of holes drilled outside the resource area are shown in Figure 1.
The Koppies Project Area, including Hirabeb, is characterised by featureless terrain with no obvious surface expression, which highlights the importance of surface geophysics (HLEM) and drilling to locate palaeochannels.
Figure 1 - Location of Hirabeb resource and Grade Thickness of drill holes
The location of Hirabeb (EPL 7278) in the Koppies Project Area is shown in Figure 2 below.
Figure 2 – Location of Hirabeb in the Koppies Project Area, Namibia
Mineralisation identified within the palaeochannels is calcrete hosted uranium, the same style of ore used to develop Elevate’s U-pgrade™ uranium beneficiation process. The Company, is therefore, confident that based on the results of the Marenica Uranium Project Scoping Study, U-pgrade™ could be successfully applied if mining and processing operations were developed at Hirabeb, for a consequent significant reduction in development costs compared to Elevate’s peers with similar grade ores in Namibia.