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URL: https://theextractormagazine.com/2024/10/22/deep-yellow-prepares-for-bringing-tumas-project-to-life-as-namibias-4th-uranium-mine/
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Home News Uranium


DEEP YELLOW PREPARES FOR BRINGING TUMAS PROJECT TO LIFE AS NAMIBIA’S 4TH URANIUM
MINE

by Editor
October 22, 2024
in Uranium
0

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Deep Yellow plans to drill four more water production bores in the Tubas River
tributary paleochannel for the Tumas project’s new water supply.
This program will start in mid-October 2024 and is expected to be completed by
late November 2024.
Initially, Deep Yellow had planned to source water required for construction and
dust suppression purposes during the development of the Tumas Project from a
water supply bore field established ~20 km west of the proposed plant site.
In addition, NamWater has made a conditional offer of water supply to the
project, and the necessary supply agreement can now be negotiated.
According to the September quarter report, a new supply point for electrical
power supply was agreed upon with NamPower, subject to final documentation.
This revised supply point is approximately half the distance from the project
area compared to the previous supply point.
Deep Yellow says it is a technically more robust point of supply, coming
directly from the regional grid 220 kV ring main.
A final supply offer is expected from NamPower in the December 2024 quarter.
The report says the detailed engineering work for Tumas will continue in the
December 2024 quarter.
The report says the Tumas Project execution cost and schedule control systems
are well advanced and will be finalised in the December 2024 quarter.
Also to be finalised in the December 2024 quarter are the project execution cost
and schedule control systems.
The next major milestone for the project is completing a revised capital cost
and operating cost estimate to support a Final Investment Decision (FID).
This work will also incorporate a revised Ore Reserve Estimate (ORE) based on
the recent infill drilling campaign results and upgraded MRE, plus a revision of
the project financial analysis based on the revised ORE, optimised flowsheet,
updated capital and operating cost estimates, and current uranium price models.
The work associated with the ORE update will also involve a final re-bidding of
the mining contract for the project and an expected contract award soon after
FID is achieved. Furthermore, preparation for the pre-production mining
campaign, scheduled to commence during the coming calendar year, is also
associated with this work program.
Early works for Tumas will commence in the December quarter, involving the
establishment of
• temporary construction access road,
• site communications;
• construction offices,
• temporary power;
• security;
• construction water supply, and
• temporary power supply.
The Tumas Project, under license 237 within EPLs 3496 and 3497, is 100% owned by
Deep Yellow’s Reptile Uranium Namibia. It has a 20-year license that expires in
2043.

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