Deep Yellow advances DFS for Tumas uranium project, makes new executive appointments

Deep Yellow uranium ASX DYL Tumas definitive feasibility study Namibia 2021 A definitive feasibility study for the Tumas uranium project in Namibia is advancing towards completion by year end for owner Deep Yellow (ASX: DYL) .

The study is targeting an annual production rate of up to 3 million pounds uranium underpinned by a mine life of more than 20 years.

To achieve this, Deep Yellow has commenced resource upgrade drilling to convert the remaining inferred resources at the Tumas-3 and Tumas-1 East deposits to indicated.

A total 755 reverse circulation holes were drilled for 14,955 metres during the June quarter to complete the Tumas-3 infill program, comprising 911 holes for 17,697m.Approximately 46% returned uranium mineralisation greater than 100 parts per million uranium equivalent over 1m.Drilling at Tumas-1 East is due for completion by month end.Potential to further expand the project’s operating life beyond the study’s current scope could exist once untested […]

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