Deep Yellow delivers commanding lift in uranium reserves

Drilling at Deep Yellow’s Tumas uranium project in Namibia. Credit: File Aspiring uranium producer, Deep Yellow Limited has served up a milestone achievement in its ambitions to bring its Tumas uranium project in Namibia into production. Definitive feasibility study, or “DFS”, drilling has returned a cracking 121 per cent lift to the probable ore reserves previously defined in a pre-feasibility study meeting the company’s objective of delivering a mine life of more than 20 years for the multi-deposit project.

Tumas now takes in probable ore reserves of 68.4 million pounds of uranium oxide grading 345 parts per million for the combined Tumas 1, Tumas 2, Tumas 3 and Tumas 1 East deposits.

Previous estimates as part of the PFS outlined a probable ore reserve base of 31Mlb uranium oxide at 344ppm, sufficient for an 11.8-year mine life.

The stellar increase in ore reserves follows a 25,000-metre resource upgrade drilling program targeting the […]

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