en.Wedoany.com Reported - Elevate Uranium has reported an increase in resources at its Marenica uranium project in Namibia. Under the requirements of the Joint Ore Reserves Committee (JORC), the project's mineral resource estimate has grown by 12.6 million pounds of triuranium octoxide, bringing total resources to 52.8 million pounds at a grade of 180 milligrams per kilogram (ppm).

This increase represents a 31% rise in the project's contained metal since the beginning of the year.

Elevate Uranium Managing Director Murray Hill stated that the Marenica project has made significant progress this year. In February, the company reported a doubling of the mineral resource after completing a comprehensive reanalysis of historical data. The latest round of targeted drilling in prospective growth areas has added another 12.6 million pounds, bringing total resources to 52.8 million pounds (at a grade of 180 ppm). Hill noted that resources are steadily increasing and confidence is continuously improving. Currently, four drill rigs are operating on site, tasked with converting inferred resources into indicated resources, a necessary step for conducting feasibility studies. Meanwhile, the company is processing ore samples from the Marenica deposit at its U-pgrade pilot plant in Namibia. The results from both projects progressing simultaneously will lay the foundation for the next phase of development.

U-pgrade is Elevate's proprietary beneficiation process, specifically developed to treat ore from the Marenica project. According to the company's website, the process utilizes widely used and well-studied beneficiation methods to remove over 95% of the uranium ore mass, thereby eliminating non-uranium-bearing minerals.

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