An update from Elevate Uranium Ltd ( (AU:EL8) ) is now available.
Elevate Uranium Ltd has announced a 12% increase in the mineral resource estimate for the Bigrlyi Uranium Project, following recent drilling results. This update brings the total uranium content to 10.9kt U3O8, with 20% of the resource now classified as Measured, enhancing geological confidence. The increase in resources strengthens Elevate Uranium’s position in the uranium market and highlights the potential for further growth through ongoing exploration efforts.
More about Elevate Uranium Ltd
Elevate Uranium Limited is a company operating in the uranium industry, focusing on the exploration and development of uranium resources. The company has significant holdings in Australia, particularly in Western Australia and the Northern Territory, as well as in Namibia. Elevate Uranium is involved in joint ventures, such as the Bigrlyi Joint Venture, to expand its resource base and enhance its market position.
YTD Price Performance: -5.66%
Average Trading Volume: 747,331
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$96.4M
For detailed information about EL8 stock, go to TipRanks’ Stock Analysis page.