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    EL8   AU0000156416

ELEVATE URANIUM LTD

(EL8)
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Elevate Uranium Limited - Dr Andy Wilde Appointed Exploration Manager

08/18/2021 | 10:29am EDT

Elevate Uranium Limited (ASX: EL8) ('Elevate' or the 'Company') is pleased to announce that Dr Andy Wilde has been appointed Exploration Manager of the Company, effective 16 August 2021.

Elevate's Managing Director, Murray Hill commented: 'We are delighted to attract someone of Dr Wilde's calibre and experience to our team.

Andy is one of a select group of geologists that have relevant experience in surficial calcrete hosted uranium mineralisation contained within paleochannels, such as we have in Namibia. In addition, Andy has intimate knowledge of our Australian assets having previously worked on the vast majority of these with other companies. We are delighted that Andy has joined our team and believe that his knowledge and experience will add substantial value to the Company's suite of assets and we welcome him to the Company.

'Dr Wilde commented: 'Over recent years, I have observed with interest Elevate's counter cyclical strategy to acquire uranium assets in Namibia and Australia. I am excited by the exploration potential of the assets and their location in two of the most prospective uranium jurisdictions in the world, these are geological settings and countries that I know very well. I look forward to managing exploration on the Company's portfolio of promising exploration assets.' Over the past decade, Dr Wilde has predominantly worked with Paladin Energy Limited and Deep Yellow Limited in Namibia, Canada and Australia. During this time, he has accumulated vast experience, understanding and knowledge in calcrete hosted mineralisation contained within palaeochannels, which is the same geological setting as contained in the majority of Elevate's exploration assets. Dr Wilde's career in exploration and research has spanned over 35 years, including senior roles at Paladin Energy Limited, Deep Yellow Limited, 92 Energy Limited, BHP Minerals Pty Ltd, Birimian Limited and Gold Fields Limited. He has worked in Namibia, Malawi, Mali, Burkina Faso, Australia, Bolivia, China, DRC, Mongolia, Canada, Russia and others; exploring for predominantly uranium, but also gold, lithium, base-metals, coil, oil and gas. Dr Wilde's expertise includes exploration strategic planning, exploration management, assessment of exploration and resource projects; due diligence studies, exploration targeting, geometallurgy, planning execution and interpretation of geochemical surveys; geoscience research.

He has consulted to the United Nations International Atomic Energy Agency and is an adjunct senior research fellow at the University of Western Australia's Centre for Exploration Targeting. Dr Wilde is a graduate of the Australian Institute of Company Directors and a current Australian Institute of Geoscientists board member (having previously held the positions of Vice President and Secretary).

He is a fellow of the Australian Institute of Geoscientists ('AIG') and of the Australian Institute of Mining and Metallurgy ('AusIMM') as well as a Registered Professional Geoscientist with AIG and Chartered Professional with AusIMM.

Contact:

Murray Hill

Tel: +61 8 6555 1816

Email: murray.hill@elevateuranium.com.au

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
DEEP YELLOW LIMITED -3.74% 1.03 End-of-day quote.121.51%
ELEVATE URANIUM LTD -3.67% 0.525 End-of-day quote.238.71%
PALADIN ENERGY LIMITED -5.18% 0.915 End-of-day quote.266.00%
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Financials
Sales 2021 - - -
Net income 2021 -2,60 M -1,96 M -1,96 M
Net cash 2021 6,56 M 4,94 M 4,94 M
P/E ratio 2021 -22,9x
Yield 2021 -
Capitalization 123 M 92,1 M 92,4 M
EV / Sales 2020 375x
EV / Sales 2021 -
Nbr of Employees -
Free-Float 76,5%
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Managers and Directors
Murray Hill Chief Executive Officer, Director & MD
Shane B. McBride Chief Financial Officer & Secretary
Andrew R. Bantock Non-Executive Chairman
Feng Chen Non-Executive Director
Stephen Mann Non-Executive Director
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