Elevate Uranium CEO Murray Hill outlines the company’s increased ownership of the Marenica uranium project in Namibia and progress on its patented upgrade process. The interview covers pilot plant testing, resource grade, processing advantages, environmental considerations and the next project milestones.
Key Highlights
- Elevate Uranium has increased its Marenica stake from 75% to 90%, adding eight million pounds attributed to the company.
- Marenica has a 53-million-pound resource at 180 ppm uranium.
- The first four upgrade pilot plant stages rejected 88% of mass, with 12% continuing to leaching.
- Testing used 80 ppm uranium feed, equivalent to 94 ppm U3O8, and achieved 79% recovery.
- Testing of higher-grade 180 ppm feed is expected to lift recovery above 85%.
- Stage-five results are expected this year, with a Marenica scoping study planned for later this year or early next year.
About Elevate Uranium
Elevate Uranium is an ASX-listed, uranium-focused company based in Perth. It has 181 million pounds of uranium globally across Namibia and Australia, with two-thirds of its assets in Namibia and one-third in Australia.
Disclaimer
This podcast is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Listeners should conduct their own research and consider seeking professional financial advice before making investment decisions.
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