Chamwe Kaira
Deep Yellow Limited has announced that its managing director and chief executive officer, John Borshoff, has stepped down from his position effective 20 October.
Borshoff, who has led the company since 2016, will remain as an advisor until the end of November to ensure a smooth transition.
Under his leadership, Deep Yellow grew from a junior uranium explorer into an Australian Stock Exchange-listed producer-in-waiting with key assets in Namibia and Australia.
During his tenure, Deep Yellow revitalised the Tumas Project in the Erongo Region, one of Namibia’s most advanced uranium developments, now nearing a final investment decision.
The project is expected to play a central role in Namibia’s uranium output and strengthen its position in the global nuclear energy supply chain.
The board of Deep Yellow acknowledged Borshoff’s five decades in the uranium industry, highlighting his role in founding Paladin Energy Limited and his advocacy for nuclear energy in global decarbonisation efforts.
“John leaves an incredible legacy at Deep Yellow, having built one of the most experienced uranium mining leadership teams in the industry,” the board said.
Chief financial officer Craig Barnes will serve as acting chief executive officer during the transition, supported by non-executive chairman Chris Salisbury, who will act as executive chair.
Barnes joined Deep Yellow in August 2024 and has over 20 years of mining finance experience, including five years as CFO of Paladin Energy.
Salisbury, a former managing director of Rössing Uranium and Rio Tinto executive, brings additional operational expertise during the interim period.
The board said the global search for a new CEO is in its final stages, with an announcement expected soon.
Deep Yellow said it remains focused on becoming a multi-asset, multi-jurisdiction uranium producer, with ongoing progress at the Tumas Project in Namibia, the Mulga Rock Project in Australia, and the Alligator River Project in the Northern Territory.
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John Borshoff
- Photo: Contributed
