Past year: ▼ 35%(20.5c – 47.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
10 June 2026resource reserve update▲ GoodMajor
Marenica resource rises 31% to 52.8Mlb at 180ppm (100ppm cut-off) after infill drilling of Areas A and B, adding 12.6Mlb to February's 40.2Mlb. Indicated is 7.5Mlb. Namibian resources reach 116Mlb, global 173Mlb. Four rigs continue Inferred-to-Indicated infill.
30 Apr 2026drilling result▼ BadMajor
Three Angela holes (1,860m) hit mineralisation within the existing 30.8Mlb resource, best 1.4m at 1,421ppm, but the main Deep Reflector target found no mineralisation. Resolves the open Angela results; the company will weigh future work against capital priorities.
15 Apr 2026resource reserve update▲ GoodMajor
Maiden Inferred resource of 10.1Mlb at 155ppm (100ppm cut-off) declared at Namib IV, lifting the Koppies Project to 76.2Mlb and Namibian resources to 106.4Mlb. Global total is 163.4Mlb. This delivers the Namib IV maiden resource targeted for early 2026; mineralisation remains open.
5 Feb 2026resource reserve update▲ GoodMajor
Marenica resource re-estimated to JORC 2012: 40.2Mlb at 185ppm at a 100ppm cut-off, double the old grade. At 50ppm it is 59.0Mlb, up 1.8Mlb on the 2004 estimate. Some wide-spaced areas excluded; infill drilling starts this month.
12 Nov 2025drilling spud● Neutral
Drilling begins at the 100%-owned Angela project in the NT: three diamond holes, about 1,860m, testing seismic targets below known mineralisation. Partly funded by the $112,000 NT grant. Takes about four weeks, so results are expected soon. Angela's current resource is 30.8Mlb at 1,310ppm.
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.
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.
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.
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.
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.
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.
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.
18 Jan 2024drilling progress report▲ Good
Four RC rigs are drilling in Namibia in 2024, three at Koppies, with a fifth due by end of March quarter. Revised Koppies resource is expected by end of Q1 2024, then infill drilling. Cash is about $15.8M.
8 Nov 2023resource reserve update▲ GoodMajor
Koppies Inferred resource rises 136% to 48Mlb eU3O8 (108.3Mt at 200ppm), from 20.3Mlb. Namibian resources go to 94Mlb and the global total to 142Mlb. Delivers on the October target; the next update, covering the south of Koppies 2 and Koppies 4, is due March 2024.
27 Apr 2023drilling result▲ GoodMajor
340 more holes confirm continuous mineralisation between Koppies 2 and 3 and south of Koppies 2. Twin holes found mineralisation below the original resource holes, suggesting resource growth potential. Focus shifts to resource drilling at Koppies 3; best 5.5m at 1,121ppm eU3O8.
30 Jan 2023drilling result▲ GoodMajor
Drilling indicates Koppies 2 connects with Koppies 4 and Koppies 1 likely connects with Koppies 2, so all four zones are most likely one 20km system. Two rigs resumed after the break. The 20.3Mlb resource is unchanged.
22 Nov 2022drilling result▲ GoodMajor
New Koppies 4 discovery extends mineralisation 6.6km south of Koppies 2; closer drilling confirms Koppies 3. Total Koppies mineralisation now spans 19.2km, up to 2.4km wide. It sits outside the 20.3Mlb resource; no update yet.
18 Oct 2022drilling result▲ GoodMajor
Capri's maiden drilling (284 holes) found continuous uranium mineralisation over 16km, less than 25m deep, with a best intercept of 4.5m at 942ppm eU3O8. Resolves the planned Capri drilling; the eastern half is undrilled.
28 Sept 2022drilling result▲ GoodMajor
Drilling found uranium mineralisation continuing 10km northeast of Koppies 2 (now Koppies 3), up to 1,000m wide and generally under 10m deep. A second rig is being added; this is outside the 20.3Mlb resource and could expand it.
16 June 2022drilling result▲ GoodMajor
Hirabeb drilling (341 new holes) defines mineralisation over 4km at Hirabeb I and anomalous uranium over 9km at Hirabeb II, both open along strike. Wide-spaced drilling; closer-spaced follow-up is planned for later in 2022. No resource yet.
4 May 2022resource reserve update▲ GoodMajor
Maiden Koppies Inferred resource of 20.3Mlb eU3O8 (41.4Mt at 220ppm) lifts total resources 22% to 115Mlb. A new basement-hosted mineralised zone 1.6km east of Koppies I lies outside the estimate and is open along strike.
16 Mar 2022drilling result▲ GoodMajor
Airborne survey over the Capri tenement (EPL7508) identified 73km of palaeochannels with matching radiometric anomalies, similar to Marenica. Drilling is planned for the June quarter 2022. The Koppies resource slips from March quarter to April 2022 because drilling was extended.
19 Jan 2022drilling result▲ GoodMajor
Koppies resource drilling (558 holes, 4,701m) confirmed shallow calcrete-hosted uranium, with best results 8m at 768ppm and 6m at 796ppm eU3O8. Mineralisation is open to the east and south; a maiden resource is still expected in the March quarter 2022.
20 Sept 2021resource reserve update▲ GoodMajor
Exploration Target of 26 to 52Mlb U3O8 at 650 to 950ppm set for the 100%-owned Oobagooma project, WA, acquired Dec 2019. Based on historical 1980s drilling, not modern drilling; conceptual only, not a resource. Four roll fronts over 9km of strike.
