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

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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