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Deep Yellow ready to deliver

he giant jigsaw puzzle Deep Yellow Ltd its which were just pimples on the bum of a
Tmanaging director John Borshoff start- bigger deposit,” he said.
ed piecing together almost six years ago is “We took the punt geologically that we
nearing completion. would have a project of some size there
Over the coming months, Deep Yellow and it’s paid off. We started with 33 mlb and
is set to finalise its merger with rival ura- now we have 125-130 mlb, which we hope
nium player Vimy Resources Ltd and sign to get to 160 mlb and a mine life of 35 years
off on the long-awaited DFS for its flagship once we convert all the remaining inferred
Tumas project in Namibia. Both milestones resources.
are expected to signal the official arrival of “It’s been really good work from a good
a new global player in the resurgent yellow- team who have worked together effectively
cake industry. and efficiently for a long time now. Together
It also realises the vision Borshoff first with Ausenco, we’re confident we’ve got
outlined back in late 2016 when the former a bloody good, long-term project on our
Paladin Energy Ltd boss took the reins of hands.”
Deep Yellow. At the time, many believed The DFS for Tumas is on track to be
his bold plan for sector consolidation and released in the December quarter and
a significantly larger uranium footprint were will build on the results of the previously
nothing more than a pipe dream. announced PFS which forecast average
Speaking to Paydirt last month as Vimy production of 2.5 mlbpa over an initial 11.5
shareholders overwhelmingly voted in fa- years for a post-tax NPV of $US207 million
vour of merging with Deep Yellow, Borshoff and IRR of 21.1%.
said his company was on the verge of an Capex was estimated at $US98 million
exciting new era. per 1 mlb design capacity.
“It has been a journey because when we Borshoff is confident the forecast upside
came in, this company was nothing more in uranium – spot price was $US46/lb at
than a little group of disparate, small depos- the time of print – will offset inflationary cost
John Borshoff

Transforming world-class mineral resources into gold
ASX (WWI) | OTCQB (WMWWF)

Witwatersrand Basin Project, South Africa

• Located in world-renowned
Witwatersrand Basin
• Basin historically produced over 1.5B
ounces of gold
• WBP set-up for rapid production ramp-up
• Committed to local socio-economic
development
• Significant enterprise value growth potential

• Significant resource : 4.28 million ounces of gold
JORC Mineral Resource @ 4.58g/t Au
• Production mining stages 1-4 : 27-year Life-of-Mine
• Scoping Study confirms sustainable profitability
+65,000 ounces pa potential
90,000 ounces pa peak production
• Aims to produce 200,000oz pa
• DFS on Stage 1 targets 663,000k oz Au: over
17-year Life-of-Mine

www.westwitsmining.com | info@westwitsmining.com

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