Financial Wire

Elevate Uranium Says Namibia Project's Mineral Resource Base Rises to 76.2 Million Pounds

-- Elevate Uranium (ASX:EL8) reported a maiden inferred mineral resource estimate of 10.1 million pounds of triuranium octoxide at Namib IV, part of its Koppies uranium project in Namibia, according to a Wednesday Australian bourse filing.

The company said the addition of the Namib IV resource increases the project's mineral resource base to 76.2 million pounds of triuranium octoxide, with Namibia's in-country mineral resources now totaling 106.4 million pounds across the Erongo Region.

Elevate Uranium said its global mineral resources have increased to 163.4 million pounds of uranium oxide.

The company's shares fell 2% in recent Wednesday trade.

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