Past year: ▼ 35%(20.5c – 47.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
10 July 2025regulatory community update▲ Good
Northern Territory Government awards up to $112,000 to co-fund two of three planned diamond holes (~1,860m) at the 100%-owned Angela project, testing seismic targets for extensions to the 30.8Mlb resource. A small grant, but it trims exploration cost.
10 June 2025investor presentation● Neutral
June 2025 corporate presentation restating the 160Mlb global resource, Koppies 66Mlb and the pilot plant plan. Shows 386M shares, market cap A$116M at $0.30, cash A$24.5M at 31 March 2025 and no debt. No new results.
10 June 2025drilling result▲ GoodMajor
Marenica hole MAR2500 intersected 13m at 203ppm in granite, with mineralisation to 58.5m depth, a new style of target outside the existing 61Mlb resource. Drilling is complete; follow-up planned later in the year. The extent is unknown.
5 June 2025drilling result▲ GoodMajor
Broad-spaced drilling at Namib IV outlines a mineralised envelope about 11km by 7.5km, mostly in basement rock rather than palaeochannels. Infill drilling will target a maiden resource later in 2025. Company relinquishes EPL 6663, 7436 and 8728 after finding no significant mineralisation.
4 Apr 2025regulatory community update● Neutral
Clarifies JORC disclosure for the Marenica ore samples behind U-pgrade bench tests. The company says earlier results remain valid, including grade lifting from 93ppm to over 5,000ppm and 50-times concentration. Compliance clarification with no new results.
27 Mar 2025director officer appointment● NeutralMajor
Scott Perry, former Centerra Gold CEO (2015-2022), becomes Chairman immediately, succeeding Andrew Bantock, who retires after seven years. Ends Bantock's tenure and brings a mining executive with project financing and corporate transaction experience as the Koppies project advances.
20 Mar 2025investor presentation● Neutral
Update that the U-pgrade demonstration plant, awarded to Fremantle Metallurgy in December 2024, is on schedule for completion by end of first half 2025, with operation in Namibia late 2025. It will process at least 60 tonnes of Koppies ore. Confirms the earlier timetable.
12 Mar 2025half year report● Neutral
Half-year to 31 December 2024: loss of $7.57M, up from $4.43M a year earlier. The $25M placement was completed in the period. The report cites a global resource of 161.1Mlb and Koppies at 66.1Mlb, with demonstration plant work funded.
25 Feb 2025resource reserve update▲ GoodMajor
Partner Energy Metals lifts the Bigrlyi resource 12% to 23.9Mlb (from 21.3Mlb), with 20% now Measured. Elevate holds 20.8% of the joint venture, so this adds to its Australian resource. Further 2025 drilling is planned by the operator.
4 Feb 2025investor presentation● Neutral
Cape Town conference presentation restating the 160Mlb resource and the U-pgrade plan. It shows about 386M shares on issue and cash of A$26.6M at 31 December 2024, with no debt. No new results.
12 Dec 2024drilling result▲ Good
Partner Energy Metals' chemical assays confirm the Bigrlyi gamma results, including 10.5m at 1.1% U3O8 in BRD2408. Grades rose 12% on average. A resource update is expected in Q1 2025. Elevate holds 20.8% of the joint venture.
9 Dec 2024drilling result▲ Good
Company update: U-pgrade testwork on six tonnes of Koppies ore is progressing, with results expected early 2025. The engineering contract is expected by end-2024 and the demonstration plant is now due to operate in late 2025. Namib IV, Capri and Hirabeb drilling returned intercepts, including 3.5m at 2,053ppm. Maiden resources are targeted at Namib IV and Capri in 2025.
29 Oct 2024investor presentation● Neutral
Conference presentation at IMARC in Sydney restating the 160Mlb global resource (112Mlb Namibia, 48Mlb Australia), the Koppies resource and the U-pgrade demonstration plan. No new results are shown in the extract.
22 Oct 2024capital raising announcement▲ GoodMajor
Raises $25M in a two-tranche placement at $0.325 per share, a 14.5% discount to the last close. Paradice commits ~$12.4M for ~9.9%. Funds an U-pgrade demonstration plant, the Koppies scoping study and ~100,000m of drilling. Tranche 2 (~$14.5M) needs shareholder approval.
21 Oct 2024admin correction● Neutral
Registered and principal office moves to Level 1, 28 Ord Street, West Perth. Phone and email are unchanged. Administrative notice only.
9 Oct 2024resource reserve update▲ GoodMajor
Koppies is upgraded with 78% now Indicated (43.6Mlb), lifting the Koppies total to 66.1Mlb, including a maiden 10.2Mlb Inferred resource at Hirabeb. Namibia rises to 112.1Mlb and the global total to 160.5Mlb. This delivers the Indicated upgrade planned since early 2024; U-pgrade testwork is underway.
8 Oct 2024drilling result▲ Good
Partner Energy Metals reports more high-grade Bigrlyi results across the A2, A4 and A15 sub-deposits, including 5.1m at 4,500ppm eU3O8. The 2024 program (11,055m) is finished and assays are pending. Elevate holds 20.8%; existing resource is 21.3Mlb.
27 Sept 2024annual report● Neutral
Appendix 4G key pointing to the corporate governance statement for the year ended 30 June 2024, dated 27 September 2024. Administrative filing only, with no new information.
27 Sept 2024annual report● Neutral
Corporate governance statement for the year to 30 June 2024, current at 27 September 2024. It reports compliance against ASX recommendations, noting no measurable gender diversity objectives were set. Administrative disclosure with no new operating information.
27 Sept 2024annual report▲ Good
2024 annual report for year to 30 June reviews the year: Koppies resource rose from 20.3 to 57.8Mlb, $10M was raised in December 2023, and five rigs are operating. Focus ahead is Koppies Indicated upgrade, U-pgrade testwork and a demonstration plant. Financial figures not shown in the extract.
9 Sept 2024security holder rights change● Neutral
Grants 210,000 unlisted options to an employee under the 2023 incentive scheme, exercisable at $0.50 and expiring 8 September 2028, vesting in three equal tranches from 2025 to 2027. Routine incentive grant.
5 Sept 2024drilling result▲ Good
Partner Energy Metals reports high-grade results from the Bigrlyi joint venture, in which Elevate holds 20.8%. Hole BRD2408 hit 10.6m at 8,600ppm eU3O8, and the zone remains open at depth. Resource extension drilling continues; the company asks for the trading halt to be lifted.
5 Sept 2024other● Neutral
ASX paused trading in Elevate shares pending a further announcement. No reason is given in the notice. It was followed the same day by the Bigrlyi drilling results, which ask for the halt to be lifted.
27 Aug 2024drilling result▲ Good
Hirabeb drilling returns high-grade shallow intercepts, including 6.0m at 797ppm eU3O8 and 6.5m at 584ppm. Four new target areas are identified, and mineralisation extends into basement as at Koppies. Drilling continues through 2024 toward a maiden resource; Hirabeb is 12km from Koppies.
25 July 2024drilling progress report▲ Good
Five rigs are drilling in Namibia: three on Koppies infill (1,278 holes, 34,892m since the April resource), one each at Hirabeb and Capri. Six tonnes of Koppies ore are headed to Perth for U-pgrade testwork; pilot plant planned 2025. A 10,000m Bigrlyi drill program (20.82% interest) has begun.
1 July 2024security holder rights change● Neutral
Grants 200,000 unlisted options to an employee under the 2023 incentive scheme, exercisable at $0.70 and expiring 30 June 2028, vesting in two tranches in 2025 and 2026. Routine incentive grant.
3 June 2024investor presentation● Neutral
Presentation for the 121 Mining event in New York restates the 152Mlb global resource, Koppies at 58Mlb, five rigs drilling and the completed test pits. No new information.
28 May 2024drilling progress report▲ Good
Eight test pits, four to six metres deep, are finished at Koppies and bulk samples collected for U-pgrade testwork. Visible carnotite is described as encouraging. Bench-scale testwork is expected to finish later this year, then feed pilot plant design.
9 Apr 2024resource reserve update▲ GoodMajor
Koppies Inferred resource rises 20% to 57.8Mlb (134.6Mt at 195ppm), from 48Mlb, lifting Namibia to 103.8Mlb and the global total to 152.2Mlb. Delivers the update promised for March quarter; discovery cost is US$0.068/lb. Infill drilling toward Indicated continues.
19 Mar 2024drilling progress report● Neutral
Inferred resource drilling at Koppies is finished, with an updated resource due by early April, slightly later than the March target. Three rigs have started infill drilling to reach Indicated status. Metallurgical samples are due April/May; scoping study is now late 2024.
