Elevate Uranium Begins Drilling at Northern Territory Uranium Project

MT Newswires Live

2025/11/12

Elevate Uranium (ASX:EL8) began a 1,860-meter drilling program at the Angela uranium project in the Northern Territory, to test geophysical anomalies that display similar properties to those coincident with known mineralization, according to a Wednesday Australian bourse filing.

The program is partly co-funded by up to AU$112,000 from the Northern Territory government. Drilling is expected to take around four weeks, and the results will be used to inform future exploration programs at Angela.

Its shares fell 1% in recent trading on Wednesday.

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