Deep Yellow boosts uranium resources in Namibia

Drilling at Deep Yellow’s Tumas uranium project in Namibia. Credit: File Aspiring uranium producer Deep Yellow has delivered a key cog in its push to bring the Tumas uranium project in Namibia into production with a cracking 102 per cent conversion of inferred resources to the higher “indicated” category at its Tumas 1 East deposit. Management says the company is now in good shape to meet its objective of a 20 year or more mine life for the multi-deposit project.

The maiden indicated resource for Tumas 1 East takes in an impressive 36.27 million tonnes at 245 parts per million uranium oxide for 19.6 million pounds of contained yellow cake, using a 100ppm uranium oxide cut-off grade.

Tumas 1 East now totals 55.69Mt at 235ppm uranium oxide for nearly 29 million pounds of the sometimes controversial commodity, including the remaining inferred resources.

Curiously, management says so far only around 65 per cent […]

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