Deep Yellow boosts Namibian uranium resources

Location of the Ongolo, MS7 and Inca uranium deposits of the Omahola Project. Credit: File ASX-listed Deep Yellow has boosted its uranium resource at the Omahola basement project in Namibia by a staggering 280 per cent to 125.3 million pounds at 190 parts per million uranium. The resource upgrade reflects changing economics following the surge in the uranium price that has been buoyed by the push towards nuclear energy and depleting global stocks.

Omahola is managed by Deep Yellow’s wholly owned subsidiary Reptile Uranium Namibia. The tenure is located approximately 40 kilometres to the east of the country’s port at Walvis Bay which also hosts Deep Yellow’s colossal Tumas calcrete uranium project.

Deep Yellow recently announced an upgraded reserve estimate for the Tumas project totalling 89.8 million tonnes at 345 parts per million uranium for 68.4 million pounds of uranium at the combined Tumas 1, Tumas 2, Tumas 3 and Tumas […]

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