Chamwe Kaira
Deep Yellow Limited completed a reverse circulation drilling program at its Tinkas Prospect in Namibia during the March 2026 quarter, confirming the presence of uranium mineralisation.
The Tinkas Prospect lies about 8 km north-west of the company’s Tumas Project and forms part of its exploration efforts to expand uranium resources in the area.
Drilling started on 18 February and ended on 18 March.
The programme included 133 drill holes covering 1,363 metres. Drilling was carried out on 100-metre line spacing with 100-metre intervals between holes.
The company said results confirmed uranium mineralisation in calcretised palaeochannel sediments and in fractures within basement rock.
Mineralisation above 100 ppm equivalent uranium grade was found in 38 drill holes.
Deep Yellow said further infill drilling may be needed to define a mineral resource at Tinkas.
The company plans to continue exploration in Namibia during 2026. This includes work at the S-Bend Prospect and the Aussinanis Project, focusing on calcrete-hosted uranium in fractured rock.
Deep Yellow said it is working to grow its uranium production portfolio to more than 10 million pounds per year.
Its main development projects are the Tumas Project in Namibia and the Mulga Rock Project in Australia, supported by exploration activities in both countries.
