Deep Yellow Limited

“According to the company's corporate update, the project carries a post-tax net present value (NPV8) of N$9.19 billion, with a projected post-tax internal rate of return of 19%, emphasising its long-term economic viability.”

“Tumas is targeting first production around mid-2027 However, Deep Yellow has deferred the final investment decision (FID) until uranium prices reach a level that clearly supports new greenfield supply.”

“However, Deep Yellow has deferred the final investment decision (FID) until uranium prices reach a level that clearly supports new greenfield supply.”

“Deep Yellow Limited has spent N$156 million on development activities at its Tumas Uranium Project over the past three months.”

“In addition, the company reached an agreement with the Namibia Power Corporation through its wholly-owned subsidiary, Reptile Uranium Namibia, to provide the bulk of power to the project.”

“Uranium mining company Deep Yellow has not found significant uranium deposits during its most recent drilling programme at the Tumas project in the Erongo region.”

“Despite identifying sediment that could contain uranium, Deep Yellow found only thin layers of uranium in low concentrations.”

“In 2026, the company will focus on nearby under-explored areas likely to contain a different type of uranium mineralisation.”

“Since the Australian-owned company began explorations in 2016, it has found about 62 million kilogrammes of uranium oxide deposits.”