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real structures in terms of environmental
controls, the environmental impact studies
are modelled on what we have to do here
in Australia, and there’s a real willingness to
get projects off the ground.
“We’ve done it before when we were at
Paladin, but we’re a much more experi-
enced team now. The core of that team is
still with me now at Deep Yellow and I think
our chances of success are even greater
Deep Yellow is ramping up activity in Namibia ahead of the anticipated release of a DFS for now because we’re a different calibre team
Tumas later this year to what we were back in the Paladin days.”
Meanwhile, Deep Yellow will be handed
pressures on the upcoming development Deep Yellow has been ramping up on- the keys to Vimy’s Mulga Rock uranium
and future operations at Tumas. ground activity in Namibia since May with project in Western Australia on August 5 fol-
“We’ve been saying for some time that, the full development team of contractors lowing official implementation of the $658
from late 2023, the pricing will start to react and infrastructure consultants arriving on million scheme of arrangement announced
to the obvious shortages, which have only site at the time of print back in April.
been exacerbated by the Russia-Ukraine Borshoff and other company directors Borshoff said his company had spent the
conflict,” he said. are planning to travel to the Southern Afri- past four months ensuring the Vimy busi-
“There’s so much upside in the uranium can country in October for extensive meet- ness would seamlessly integrate into Deep
price that you only have to get a $US3-5/lb ings with key ministers and other stakehold- Yellow’s culture from the precise moment
increase and the whole thing recalibrates. ers in the Tumas project. the merger is completed.
We don’t think we’ll have that much mining “We like to think of ourselves as the next “Integration and assimilation is the real
labour pressure. Given the upside, where project off the rank in terms of [Tumas] be- hard work of any successful takeover or
we are, the flexibility we’ve got in the model coming Namibia’s fourth uranium mining merger,” he said.
itself, we reckon we’re absolutely on track operation after Rössing, Langer-Heinrich “You can succeed on a merger and fail
to deliver. and Husab,” he said. on the deal in terms of not having two cul-
“When it comes to the capex for any pro- “I’m not fearful of Africa or the whole way tures to work as one. I’m very aware of that
ject, it is usually very low impact. Opex is in which things are done over there. Peo- and we’ve devoted quite a bit of resources
the one that really hits, so we’re looking at ple might think it’s a little bit chaotic, but to ensure that assimilation happens.”
that more than the capex itself.” the people are very genuine. There are
– Michael Washbourne

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Firefinch is an ASX-listed, Mali
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