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

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 […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet