Deep Yellow kicks-off definitive feasibility work at Tumas uranium project

Deep Yellow plans to take advantage of forecast uranium shortages and price increases as the decade progresses. Following a positive prefeasibility study at the Tumas uranium project in Namibia, Deep Yellow (ASX: DYL) has confirmed it will begin definitive feasibility work this month.

The PFS examined the viability of open pit mining and processing of the four Tumas deposits, within Deep Yellow’s wholly-owned Reptile project.

Tumas 1, Tumas 1E, Tumas 2 and Tumas 3 are within a 30km radius of the proposed purpose-built processing facility with a capacity of 3.75 million tonnes per annum of uranium-bearing ore.

It evaluated the potential of calcrete-associated uranium deposits within the Tumas palaeochannel and delivered strong results in line with assumptions determined in a scoping study completed in January 2020.When the scoping study was unveiled last year, Deep Yellow called it a “critical milestone” in identifying a project with potential to meet investment criteria, including a […]

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