Elevate Uranium

Elevate Uranium is a uranium development company with significant resources in Namibia and Australia. The company has made four discoveries in Namibia, contributing to a global resource of 161 million pounds of U3O8. Elevate Uranium is one of the most active uranium companies on the ASX and is committed to ongoing exploration programs focused on growth and development.

The company's assets are further enhanced through its proprietary beneficiation process called U-pgrade™. This patented process, developed in-house, is designed to increase the value of the company's near-surface projects. Successful testing of the process highlighted its potential to significantly reduce capital and operating costs by as much as ~50% compared to conventional processes.

Following the upgrade of the Koppies resource to 78% in the Indicated category and adding a 10.2-million-pound U3O8 Maiden Resource at Hirabeb, the company is commissioning the U-pgrade™ Demonstration Plant. The plant is expected to continue operation in Namibia into next year. This plant is intended to prove U-pgrade™ process at scale followed by technical studies to determine the reduction in cost due to U-pgrade™, ahead of development.

U-pgrade™ gives Elevate Uranium and its portfolio of projects a strategic advantage, setting it apart from its peers and providing value and development optionality.

Management Profile

Murray Hill, MD & CEO

Murray is the Managing Director of Elevate Uranium Ltd. Murray has over 40 years experience in the mining industry including 20 years in uranium, all of which has been in Namibia. Murray worked as a Metallurgical Consultant in his own business for the 10 years prior to joining Elevate Uranium.

Murray has a strong initiative and is a high achiever always searching for new and/or improved methods or technologies to gain improvement. This is complimented by his practical mindset. He is the champion of Elevate Uranium’s U-pgrade™ process for upgrading secondary uranium ores.

What is your rationale for taking part in 121 Mining Investment?

We are looking to introduce Elevate to potential new investors. Elevate has an exciting beneficiation process that can add significant value to its Namibian and Australian assets and is actively exploring.

What recent news would you like to highlight to investors attending?

12 November 2025 - Drilling Commences at the Angela Project in the NT

31 October 2025 - $25M to Accelerate U-pgrade Plant and Resource Drilling

14 October 2025 - Divestment of Oobagooma Uranium Project

29 July 2025 - U-pgrade Pilot Plant to be Shipped to Namibia

10 July 2025 - NT Exploration Grant Awards for drilling at Angela

10 June 2025 - Thick Uranium Mineralisation Intersected at Marenica 

5 June 2025 - Large, anomalous envelope delineated at Namib IV

What are your key goals for the next 3, 6 and 12 months?

3 Months

Commission and operate U-pgrade™ demonstration plant on Koppies ore in Namibia

6 Months

Finalise study on outcomes of Koppies demonstration plant.

What do you think makes your company such a compelling investment?

The unique value addition through the application of our proprietary U-pgrade™ process on our near surface resources.