Deep Yellow’s Namibia project pushing towards 30-year mine life
Uranium explorer Deep Yellow is making strides towards extending the mine life of its Tumas project to a targeted 30 years, with a recent drill programme unearthing additional resources to prolong the current life-of-mine (LoM).
The primary objective of the reverse circulation resource expansion and infill drilling programme completed to the west of the Tumas 3 deposit was to identify additional resources to extend the current 22.5-year LoM.
Based on this work, the drill programme has successfully increased the Tumas 3 mineral resource, delivering an 11% uplift in indicated mineral resources to 60.6-million pounds at 325 parts per million (ppm) uranium oxide-equivalent (eU3O8), using a 100 ppm cut-off grade
The drill programme also identified a further 1.2-million pounds of inferred mineral resources in the same area.
Tumas 3 is the biggest uranium deposit along the Tumas palaeodrainage. Together with the Tumas 1, 1 East, Tumas 2 and Tubas deposits, the palaeodrainage contains about 139-million pounds of U3O8 inferred and indicated resources, of which 67.3-million pounds are currently contained in a probable ore reserve.
"The Tumas palaeochannel already holds 30-million pounds of uranium oxide in the inferred resource category which is available for future upgrading to an indicated resource status. The results from this programme, together with the resource growth potential through future exploration across the Tumas project area, provide us great confidence that we can deliver on our long-term LoM target at Tumas,” said MD John Borshoff.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation