EL8 elevate uranium ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

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    highlights:
    A total of 536 holes were drilled for 14,459 metres at Koppies during the quarter.
    Drilling activities are expected to expand the current JORC resource of 20.3 million pounds eU3O8 at Koppies 1 and 2.
    Notable intersections from this drilling campaign include:
     KOR1492 6.0 m at 339 ppm eU3O8 from 6.5 m for a GT of 2,034
     KOR1609 7.5 m at 203 ppm eU3O8 from 2.5 m for a GT of 1,523
     KOR1648 5.0 m at 212 ppm eU3O8 from 5.5 m for a GT of 1,060
     KOR1656 9.0 m at 187 ppm eU3O8 from 0.5 m for a GT of 1,683
     KOR1709 0.5 m at 1,814 ppm eU3O8 from surface for a GT of 907
     and 5.0 m at 285 ppm eU3O8 from 25.0 m for a GT of 1,425
     KOR2014 4.0 m at 275 ppm eU3O8 from 8.5 m for a GT of 1,100
     KOR2025 3.5 m at 269 ppm eU3O8 from 0.5 m for a GT of 942
    During the June Quarter, the Group incurred exploration expenditure of $1,445,390. Roughly $2700 per hole
    $6,000,000 cash used in the past year
    $10,059,000 cash in the bank

    SP catalysts:
    Updated Koppies resource is targeted to be completed by the end of October
 
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