Chamwe Kaira
Deep Yellow Limited recently revealed that an updated Mineral Resource Estimate for the Tumas 3 Deposit in the Erongo Region’s EPL3496 indicates the potential for an additional 25 million pounds of uranium oxide. This discovery has the potential to extend the Life of Mine for the Tuma uranium project to over 30 years. The final investment decision is anticipated in the first half of next year.
Owned by Deep Yellow’s subsidiary, Reptile Uranium Namibia (Pty) Ltd, the deposit underwent a drilling programme west of Tumas 3. The focus was on expanding the current resource towards Tumas 3 West and Tumas Central.
The primary objective of the drilling initiative was to identify additional resources, with the goal of extending the overall Tumas Project’s Life of Mine beyond its current 22.5 years. The successful drill programme resulted in an 11 percent increase in Indicated Mineral Resources to 60.6 million pounds, contributing to the expansion of the Tumas 3 Mineral Resource.
Deep Yellow’s Managing Director, John Borshoff, expressed satisfaction with the upgrade, highlighting that it brings the company closer to identifying an additional 25 million pounds for a 30+ year Life of Mine for the Tumas Project.
With advanced projects in Namibia (Tumas) and Western Australia (Mulga Rock), both located in Tier-1 uranium jurisdictions, Deep Yellow is poised for further growth. The company is strategically positioned for expansion through its exploration portfolio, including Alligator River in the Northern Territory and Omahola in Namibia.
Deep Yellow emphasizes its commitment to growth, particularly at a time when nuclear energy is increasingly viewed as a vital option for providing baseload power supply and achieving zero emission targets. The company aims to establish itself as a reliable and long-term uranium producer, offering production flexibility, supply security, and geographic diversity.
