Elevate reports results from U-pgrade pilot plant in Namibia

Original announcement by miningweekly on

Company
Elevate Uranium
Ticker
ASX|Elevate-Uranium
Exchange
Unavailable
Region
Namibia
Primary commodity
Uranium
Secondary commodities
None reported
Document categories
Metallurgy
Extracted
2026-08-31 14:35:22 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Elevate Uranium reported successful operational updates from its U-pgrade pilot plant at the Marenica project in Namibia. The process achieved an 88% mass rejection and 79% uranium recovery, confirming historical bench-scale results and enabling a simpler acid leach route.

Reasoning: The pilot plant results confirm the technical viability of the U-pgrade process, specifically regarding mass rejection and recovery, while demonstrating a significant metallurgical advantage by removing calcite.

Positive factors

  • Mass rejection performance in line with design basis
  • Uranium recovery matches historical bench-scale expectations
  • Calcite flotation enables simpler, lower-cost acid leach route
  • Pilot plant successfully translating bench-scale results

Negative factors

  • Pilot plant operating challenges due to low volumetric flows

Facts used in scoring: 3

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The process involves flotation and acid leaching stages.

Evidence · text

“Calcite flotation (Stage 4) has removed the carbonate mineral that would preclude acid leaching, thereby allowing a simpler acid leach route”

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 79% uranium recovery is reported for the pilot plant stages.

Evidence · text

“Uranium recovery of 79% is reported using Stages 1 to 4”

Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

Metallurgical Results (3)

Fact 1uraniumRecovery: 79 %Head Grade: 89Head Grade Unit: ppmView all details
Link to this fact

Identity

Commodity
uranium
Ticker
ASX|Elevate-Uranium

Test Work

Sample
Marenica ore (Stages 1 to 4)

Recovery

Recovery
79 %
Recovery Basis
actual_test
Head Grade
89
Head Grade Unit
ppm

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: 79% recovery is consistent with previous bench-scale testing.

Positive factors

  • Recovery in line with historical expectations

Evidence · text

“Uranium recovery of 79% is reported using Stages 1 to 4, in line with expectations from historical bench-scale testing.”
Fact 2uraniumHead Grade: 590Head Grade Unit: ppmView all details
Link to this fact

Identity

Commodity
uranium
Ticker
ASX|Elevate-Uranium

Test Work

Sample
Marenica ore (Stages 1 to 4)

Recovery

Head Grade
590
Head Grade Unit
ppm

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: The ore was successfully upgraded from 89 ppm to 590 ppm.

Positive factors

  • Significant grade upgrade from head grade

Evidence · text

“Marenica ore was upgraded from a head grade of 89 ppm uranium to 590 ppm uranium using Stages 1 to 4.”
Fact 3uraniumHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Commodity
uranium
Ticker
ASX|Elevate-Uranium

Test Work

Sample
Stage 5 (historical bench-scale testing)

Recovery

Conc. Grade
4240
Conc. Grade Unit
ppm

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2013-01-01T00:00:00.000Z

Dates

Event date
2026-08-31T00:00:00.000Z

Reasoning: This is a restatement of historical bench-scale results for Stage 5.

Evidence · text

“Stage 5, which achieved a final concentrate grade of about 4 240 ppm uranium during bench-scale testing”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.