At Koppies (EPL 6987) the Company has identified a 55.9 Mlb uranium resource, 50% of which is within 7 metres of surface.
Uranium mineralisation identified at Koppies is the same style of ore used to develop the U-pgrade™ uranium beneficiation process. The Company, is therefore, confident that based on the results of the Marenica Uranium Scoping Study, U-pgrade™ could be successfully applied if mining and processing operations were developed at Koppies, for a consequent significant reduction in development costs compared to Elevate’s peers with similar grade ores in Namibia. For more information refer to the U-pgrade™ page of our website.
The location of the Koppies mineralisation is shown in Figure 1.
The location of Elevate Uranium's 100% owned Koppies Uranium resource relative to the Company's other tenements of the Koppies Project, is shown in Figure 5.
Figure 1 - Location of Koppies resource area
The Company is currently waiting on results from its U-pgradeTM demonstration plant which is currently operating in Namibia.
In 2025, the Company excavated test pits at various locations within the Koppies resource area, as shown in Figure 1, to provide varying lithology and grade samples for metallurgical testing with U-pgradeTM.
The photos below show the excavation process and the mineralisation encountered.
Figure 2 – Excavation of Test Pits at Koppies Resource
Figure 3 – Mineralisation showing yellow uranium mineral, Carnotite
Figure 4 – Mineralisation showing yellow uranium mineral, Carnotite
Figure 5 - Project Locations Map