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Merger creates Afro-Australian

uranium player

combination of Namibia and Western to build a uranium business.
A Australia will provide the backbone “Namibia is a large, proven uranium
for Deep Yellow Ltd’s ambitious move to- province, with some of the largest re-
wards the top of the international uranium sources in world,” Mirco said. “It is the only
scene. jurisdiction that has two modern uranium
The ASX-listed developer has been mines operating. It has a very support-
making steady, if unspectacular, progress ive government and community and as a
on its Tumas project in Namibia for more company we are comfortable operating
than 15 years but its prospects appear there.”
altogether different since it merged with Tumas itself is a calcrete-hosted deposit
WA uranium hopeful Vimy Resources in in the style of Paladin Energy Ltd’s near-
August to create the largest uranium com- by Langer Heinrich mine. Mirco said the
pany (by resource size) on the ASX. project could support a minimum 25-year
Speaking at Africa Down Under, Deep mine life, with possible extensions once
Yellow head of business development An- the true extent of the project was tested.
drew Mirco said the Vimy acquisition was Deep Yellow plans to release a revised
just the first step in the company’s journey Andrew Mirco DFS later this year. Mirco said the compa-
to Tier-1 status in the yellowcake sector. the moment we are determining which of ny was preparing its environmental impact
“We have the potential to establish a those we will trigger next. We are aiming to assessment at the time of print.
Tier-1 company,” Mirco said. “We have the build a global platform of plus-200 mlbpa There is also room for expansion.
team with the uranium experience to do it, uranium production.” “Tumas sits in a 125km palaeochannel,
we have two advanced projects, an exten- Deep Yellow’s ambitions rest on the vi- much like Langer Heinrich,” Mirco said.
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sive exploration portfolio and the largest ability of the Tumas project, located in “We have already increased the resource
uranium resource base capable of deliver- the “Alaskalite Alley” uranium province of fourfold to 75 mlb and we think we can ex-
ing decades of uranium production. Namibia which already hosts the Rossing, tent it further with more drilling.”
“The Vimy merger was the first step. We Langer Heinrich and Husab operations. – Dominic Piper
reviewed over 200 projects globally and at Mirco said Namibia was the ideal place

District scale

exploration along

the Kalahari

Copper Belt in

Botswana

ASX:�CBE info@�cobre.com.au

aUSTRaLIa’S PaYDIRT OCTOBeR 2022 Page 49

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