Name of the Project
Tumas uranium project.

Location
The Tumas palaeochannel system is located within Deep Yellow’s 100%-owned Reptile project, in Namibia.

Project Owner/s
Deep Yellow.

Project Description
A scoping study on the Tumas project has delivered encouraging results, which have provided Deep Yellow with the confidence to proceed directly to a prefeasibility study (PFS).

The scoping study envisages a multipit, openpit mining operation using a purpose-built processing facility, based on a high proportion of inferred resources.

The project has an expected mine life of more than 20 years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project is expected to have a minimal internal rate of return of 20%.

Capital Expenditure
Not stated.

Planned Start/End Date
Not stated.

Latest Developments
The Tumas prefeasibility study (PFS), which started in late January, is progressing on schedule, with several key workstreams being advanced.

Importantly, a sufficient level of metallurgical work has been completed, which has allowed Deep Yellow to adequately define the project metallurgy.

The company has appointed Ausenco Services to complete the required engineering and capital cost estimate for the project, based on process flow diagrams, process design criteria and metallurgical models supplied by Deep Yellow.

The PFS, scheduled for completion in the December 2020 quarter, is being undertaken in parallel with the development of the environmental-impact statement (EIS) for the project. The EIS and subsequent environmental clearance certificate are required for the mining licence application­ – a key milestone in the predevelopment activities for the project – which the company intends to submit in the March 2021 quarter.

The PFS and EIS are proceeding as scheduled and, to date, indicate that the key findings of the Tumas scoping study are reasonable and well founded.

Key Contracts and Suppliers
Ausenco Services (engineering and capital cost estimate).

Contact Details for Project Information
Deep Yellow, tel +61 8 9286 6999 or email info@deepyellow.com.au.