Koppies Mineralisation Increased to Over 19 km

Highlights:

• New discovery (Koppies 4) extends uranium mineralisation by another 6.6 kilometres to the south of Koppies 2.
  
• Closer spaced drilling confirms continuity of uranium mineralisation at Koppies 3 discovery, confirming the 10 kilometre extension northeast of Koppies.
• Koppies 3 extends mineralised width up to 2.4 kilometres wide.
  
• Uranium mineralisation at Koppies now extends a total length of 19.2 kilometres.
• Two drill rigs working on exploration drilling at Koppies.
  
• Potential to add significantly to the existing 20 Mlb U3O8 Mineral Resource at Koppies.

Elevate Uranium’s Managing Director, Murray Hill, commented:

“The Koppies project is growing bigger and better with each drilling program. In May 2022, the Company announced a 20.3 million pound maiden uranium resource at Koppies 1 and 2. Since that time, we have discovered Koppies 3 which extended the mineralisation to the north east by 10 kilometres and now Koppies 4 which extends the mineralisation 6.6 kilometres to the south west. We have been saying since we announced the 20.3 million pound maiden resource at Koppies, that we believed there was significant potential for growth at Koppies, and here is proof. The mineralisation in the greater Koppies area now has a length of 19.2 kilometres.

Two drill rigs continue to operate in the greater Koppies area to further locate and define the uranium mineralisation. The Koppies 3 and 4 discoveries have the potential to substantially expand the Koppies uranium resource.

Koppies mineralisation is extensive, shallow lying and in a Tier 1 uranium mining jurisdiction, where uranium mining has been undertaken for the past 46 years.”

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