JORC Resource Summary

Total ResourcesElevate Uranium Share
DepositCategoryCut-off
(ppm U3O8)
Tonnes
(M)
U3O8
(ppm)
U3O8
(Mlb)
Elevate HoldingTonnes (M)U3O8 (ppm)U3O8
(Mlb)
Namibia
Koppies   
Koppies IJORC 2012Inferred10010.32806.3
Koppies IIJORC 2012Inferred10048.622023.7
Koppies IIIJORC 2012Inferred10049.416518.0
Koppies TotalJORC 2012Inferred100108.320048.0100%108.320048.0
MarenicaJORC 2004Indicated5026.51106.475%19.91104.8
Inferred50249.69250.975%187.29238.2
MA7JORC 2004Inferred5022.8814.075%17.1813.0
Marenica Uranium Project Total298.99361.3224.29346
Namibia Total407.20122109.3332.512894
 
Australia
Australia - 100% Holding
AngelaJORC 2012Inferred30010.71,31030.8100%10.71,31030.8
Thatcher SoakJORC 2012Inferred15011.642510.9100%11.642510.9
100% Held Resource Total22.385041.7100%22.385041.7
Australia - Joint Venture Holding
Bigrlyi DepositIndicated5004.71,36614.0
Inferred5002.81,1447.1
Bigrlyi TotalJORC 2004Total5007.51,28321.120.82%1.551,2834.39
Walbiri Joint Venture
Joint VentureInferred2005.16367.122.88%1.166361.63
100% EMEInferred2005.96468.4
Walbiri TotalJORC 2012Total20011.064115.5
Bigrlyi Joint Venture
SundbergJORC 2012Inferred2001.012590.57
Hill One Joint VentureJORC 2012Inferred2000.262810.1620.82%0.212590.12
Hill One EMEJORC 2012Inferred2000.243710.1920.82%0.052810.03
KarinsJORC 2012Inferred2001.245561.5220.82%0.265560.32
Malawiri Joint VentureJORC 2012Inferred1000.421,2881.2023.97%0.101,2880.29
Joint Venture Resource Total21.684740.23.349236.77
Australia Total43.984881.925.685948.4
TOTAL114.7

Koppies Uranium Project:

The Company confirms that the Mineral Resource Estimates for the Koppies 1, Koppies 2 and Koppies 3 deposits were changed as detailed in the announcement titled “Koppies Resources Up 136% to 48 Mlb”, dated 8 November 2023.

Marenica Uranium Project:

The Company confirms that the Mineral Resource Estimates for the Marenica and MA7 deposits have not changed since the annual review disclosed in the 2023 Annual Report.  The Company is not aware of any new information, or data, that effects the information in the 2023 Annual Report and confirms that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.  The Mineral Resource Estimates for the Marenica and MA7 deposits were prepared in accordance with the requirements of the JORC Code 2004.  They have not been updated since to comply with the 2012 Edition of the Australian Code for the Reporting of Exploration Results, Minerals Resources and Ore Reserves (“JORC Code 2012”) on the basis that the information has not materially changed since they were last reported.  A Competent Person has not undertaken sufficient work to classify the estimate of the Mineral Resource in accordance with the JORC Code 2012; it is possible that following evaluation and/or further exploration work the currently reported estimate may materially change and hence will need to be reported afresh under and in accordance with the JORC Code 2012.

Australian Uranium Projects:

The Company confirms that the Mineral Resource Estimates for Angela, Thatcher Soak, Bigrlyi, Sundberg, Hill One, Karins, Walbiri and Malawiri have not changed since the annual review disclosed in the 2023 Annual Report.  The Company is not aware of any new information, or data, that effects the information in the 2023 Annual Report and confirms that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.  The Mineral Resource Estimate for the Bigrlyi deposit was prepared in accordance with the requirements of the JORC Code 2004.  The Mineral Resource Estimate was prepared and first disclosed under the 2004 Edition of the Australian Code for the Reporting of Exploration Results, Minerals Resources and Ore Reserves (“JORC Code 2004”).  It has not been updated since to comply with the 2012 Edition of the Australian Code for the Reporting of Exploration Results, Minerals Resources and Ore Reserves (“JORC Code 2012”) on the basis that the information has not materially changed since it was last reported.  A Competent Person has not undertaken sufficient work to classify the estimate of the Mineral Resource in accordance with the JORC Code 2012; it is possible that following evaluation and/or further exploration work the currently reported estimate may materially change and hence will need to be reported afresh under and in accordance with the JORC Code 2012.