Corporate Update - Sprott Capital Uranium Conference
Perth, April 8, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) completed a highly positive PFS in Jan '21 on the Tumas palaeochannel project, delivering excellent results.
The PFS focused on a Langer-Heinrich style open-pit mining operation, with a production capacity of 3Mlb U3O8 per annum with results in line with, and in some cases better than, assumptions from the 2020 Scoping Study, highlighting a strong economic case for Tumas.
The DFS is underway to confirm the technical and potential economic viability of the Tumas Project and achieve the stated goal of a +20-year LOM operation.
Development of Tumas is being advanced in line with forecasts of significant uranium price improvements expected from 2022, in anticipation of a looming uranium shortage likely late 2023/24.
To view the Presentation, please visit:
https://abnnewswire.net/lnk/V7G4DH7L
About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, leading uranium company producing 10+ Mlb pa. The Company's portfolio consists of two advanced projects in Tier-1 uranium mining jurisdictions - flagship Tumas in Namibia and Mulga Rock, Western Australia.
Deep Yellow's future growth is underpinned by its highly prospective exploration portfolio - Alligator River, Northern Territory and Omahola, Namibia with ongoing M&A focused on high quality assets should opportunities arise that best fit the Company's strategy. Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long-term to provide baseload power supply and achieve zero emission targets. Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.
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