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Highlights
ASX uranium explorers report progress across projects in Namibia, Mauritania, Queensland, and South Australia
Notable developments from Elevate Uranium, Aura Energy, Greenvale Energy, and Core Energy Minerals
Uranium activity contributes to renewed focus within the broader ASX 200 resource space
Uranium has drawn renewed interest within the broader resources sector, with recent quarterly activity highlighting developments across several ASX-listed companies. Explorers have been reporting increased drilling activity, resource updates, and strategic progress across projects in Namibia, Mauritania, Queensland, and South Australia. This resurgence aligns with broader momentum observed across the ASX 200 resource sector, with uranium operations standing out in recent reporting cycles.
Elevate Uranium (ASX:EL8) Advances Namibian Developments
Elevate Uranium continued construction efforts on its U-pgrade demonstration facility at the Koppies project in Namibia. The facility aims to process uranium mineralisation into a concentrated form prior to leaching, using a scalable and continuous operating model. This is expected to support the design of a full-scale commercial facility.
Additional activity included extensive greenfields drilling across the Namib IV tenement, aimed at expanding the resource footprint within the broader Koppies project. Concurrent exploration was also undertaken at the Marenica project, where the company drilled outside existing resource zones. Updates from its Bigrlyi joint venture in the Northern Territory further supported its broader resource strategy.
Elevate also underwent a leadership change, with a new chairman appointed to steer its growth and strategic direction following a long-standing tenure by the previous board leader.
Aura Energy (ASX:AEE) Progresses Water Supply and Financing for Tiris
Aura Energy reported hydrogeological assessments indicating a strong water supply at its Tiris uranium project in Mauritania. The project has defined a resource development plan alongside ongoing work to secure strategic funding partnerships.
Work throughout the quarter included collaboration with financial consultants to advance funding discussions. Engineering and feasibility activities continued to support the project’s readiness for construction. The project aims to deliver yellowcake production capacity within its operating jurisdiction and marks a key development within the company's asset base.
Greenvale Energy (ASX:GRV) Expands with Queensland Uranium Asset
Greenvale Energy completed the acquisition of the Oasis uranium project in Queensland. Historic exploration data from prior operators has highlighted mineralised zones, with future work focused on resource verification, geological mapping, and initial drilling once seasonal conditions allow.
Additional efforts included exploration funding through a capital raise and a divestment of non-core assets. These steps were designed to streamline operations and accelerate work on the Oasis and Alpha Torbanite projects, both of which remain core to the company’s updated portfolio.
Core Energy Minerals (ASX:CR3) Initiates Drilling Preparations
Core Energy Minerals reported regulatory advancements for its maiden drilling program at the Cummins project in South Australia. Approval lodgements during the March quarter are anticipated to support activity within the current period.
The company’s broader asset base includes the Harris Greenstone and Brooker projects, which were advanced through acquisition and permitting efforts. Leadership indicated these assets provide a strategic platform in one of the most established uranium jurisdictions.
With a portfolio now covering significant landholdings, the company has positioned itself for continued exploration activity across multiple uranium prospects.
