{"id":8128,"date":"2024-04-09T03:10:06","date_gmt":"2024-04-09T03:10:06","guid":{"rendered":"https:\/\/economicherald.net\/?p=8128"},"modified":"2024-04-09T03:10:06","modified_gmt":"2024-04-09T03:10:06","slug":"elevate-uranium-tops-up-koppies-uranium-resource-by-20-to-close-in-on-60mlb-of-delicious-yellowcake","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8128","title":{"rendered":"Elevate Uranium tops up Koppies uranium resource by 20% to close in on 60Mlb of delicious yellowcake"},"content":{"rendered":"<p>Elevate Uranium upgrades Koppies resource by 20% to 57.8Mlb eU3O8<br \/>\nLast upgrade in November 2023 had increased resources by 136%<br \/>\nKoppies is one of the world\u2019s shallowest uranium deposits with ~95% within 18.5m of surface<br \/>\nInfill drilling underway to upgrade resources to the indicated category while metallurgical testing will start soon<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Elevate Uranium is now sitting on considerably more uranium at its Koppies project in Namibia after upgrading its resource by 20% to 57.8Mlb <\/strong><strong>eU3O8.<\/strong><\/p>\n<p>The <a href=\"https:\/\/stockhead.com.au\/resources\/elevate-uranium-has-eyes-on-a-bigger-and-higher-confidence-yellowcake-resource-at-koppies\/\"><strong>upgrade<\/strong><\/a> comes less than six months after the <a href=\"https:\/\/stockhead.com.au\/resources\/as-yellowcake-threatens-to-boom-elevate-uranium-is-going-nuclear-with-136pc-jump-in-koppies-resource\/\"><strong>last upgrade<\/strong><\/a>, which had sent resources at the flagship project soaring 136% to 48Mlb.<\/p>\n<p>And if the pace of resource upgrades wasn\u2019t enough of a draw for <a href=\"https:\/\/stockhead.com.au\/company\/elevate-uranium-el8\/\"><strong>Elevate Uranium (ASX:EL8)<\/strong><\/a>, its shallow nature will make it a significant development prospect in a booming uranium market with ~95% sitting within 18.5m of the surface and 50% within 7m.<\/p>\n<p>This means that Koppies has the potential to be a low strip ratio, low-cost mining operation.<\/p>\n<p>Koppies is also central to the company\u2019s plan to commercialise its proprietary\u00a0<strong><em>U-pgradeTM<\/em><\/strong> beneficiation process. That process can upgrade uranium ore by rejecting more than 95% of the non-uranium bearing mass using commonly used and well understood methods.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Low cost of discovery<\/strong><\/h2>\n<p>The latest upgrade of the Koppies resource to 134.6Mt at 195ppm U3O8, or 57.8Mlb of contained eU3O8, takes it up to more than half of EL8\u2019s Namibian resource, which has also increased by 10% to 103.8Mlb.<\/p>\n<p>Managing director Murray Hill says further increases to the company\u2019s resource in Namibia is likely as exploration continues.<\/p>\n<p>\u201cDue to the shallow nature of mineralisation and effectiveness of our exploration programs, the all-in project discovery cost of the Koppies inferred resource is exceptionally low at US$0.068\/lb,\u201d he added.<\/p>\n<p>\u201cThe mineralisation at Koppies is very shallow, with approximately 95% of the resource within 18.5 metres of the surface and 50% of the resource within 7 metres of the surface.<\/p>\n<p>\u201cThese parameters imply a potential low strip ratio and low-cost mining operation at Koppies, which would be beneficial to the overall economics of any future operation.<\/p>\n<p>\u201cSubsequent testwork will commence with the collection and analysis of metallurgical samples using the company\u2019s patented <strong><em>U-pgradeTM<\/em><\/strong> beneficiation process.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Current and upcoming activity<\/strong><\/h2>\n<p>Three rigs are currently carrying out an infill drilling program aimed at upgrading the current inferred resource to the higher confidence indicated category that has sufficient certainty for mine planning.<\/p>\n<p>A further two rigs are carrying out exploration activities at potential satellite projects within trucking distance of Koppies.<\/p>\n<p>EL8 will also start collecting samples for metallurgical testing in April\/May.<\/p>\n<p>\u00a0<\/p>\n\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Elevate Uranium, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/elevate-uranium-tops-up-koppies-uranium-resource-by-20-to-close-in-on-60mlb-of-delicious-yellowcake\/\">Elevate Uranium tops up Koppies uranium resource by 20% to close in on 60Mlb of delicious yellowcake<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Elevate Uranium upgrades Koppies resource by 20% to 57.8Mlb eU3O8 Last upgrade in November 2023 had increased resources by 136% Koppies is one of the <a href=\"https:\/\/economicherald.net\/?p=8128\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8129,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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