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Building a Global Tier-1 Uranium Producer

Led by a best-in-class uranium team, with a track record of successfully developing projects, Deep Yellow is progressing its dual-pillar strategy to establish a multi-mine company with capacity to produce 10+Mlb per annum.

The Company is led by John Borshoff (+40 years uranium experience), with the Board chaired by Chris Salisbury (11 years uranium experience) and collectively, Deep Yellow has one of the largest and most experienced uranium teams on the ASX.

The Company has acquired and developed a portfolio of geographically diverse exploration, early-stage and advanced uranium projects, which provide a strong development pipeline and significant growth optionality through expansion of its current uranium resource base by adding uranium “pounds in the ground”.

Deep Yellow has a key competitive advantage being the only ASX-listed company with two advanced projects, Tumas – flagship project (Namibia) and Mulga Rock (Western Australia). Both projects are located in Tier-1 uranium jurisdictions and have a potential production capacity of more than 7Mlbpa -Tumas 3.6Mlbpa and a potential 30+ year Life of Mine (LoM) and Mulga Rock, 3.5Mlbpa and 15+ year LoM.

In early 2023, the Company completed a DFS on Tumas with excellent results achieved and commenced key works, ahead of a Final Investment Decision in H1 2024. A revised DFS is being progressed at Mulga Rock, with a key focus on completing an evaluation program to include critical minerals, rare earth elements and additional uranium, to develop Mulga Rock into a larger project, with an extended Life of Mine.

The Company is well positioned for continued organic growth through development of its highly prospective exploration portfolio which comprises Omahola (Namibia) and Alligator River (Northern Territory) and inorganic growth through further consolidation of targeted high-quality uranium assets.

Importantly, moral and economic acceptance on the critical role nuclear power can play as part of the energy mix is growing, contributing to global efforts to deliver clean energy to decarbonise. This has created an exciting opportunity for the uranium market, expected to result in exceptional growth and value generating opportunities for Deep Yellow, as the Company is well placed to provide production optionality, security of supply and geographic diversity to a growing market.

Mulga Rock Western Australia⁴ Post-acquisition DFS revision to commence 2024 Resource: 90Mlb (570ppm U₃O₈) Reserve: 42Mlb (835ppm U₃O₈) Target Production: 3.5Mlb p.a. Omahola Namibia Resource: 125Mlb (190ppm U₃O₈) Tumas Namibia DFS complete, FID expected mid-2024 Resource: 114Mlb (263ppm U₃O₈)¹ Reserve: 67Mlb (345ppm U₃O₈) Target Production: 3.6Mlb p.a.² Alligator River Northern Territory Resource: 33Mlb (1.09% U₃O₈)³

Note: Resource & Reserve metrics reported on a 100% basis; (1) Deep Yellow currently owns 100% of Tumas. Oponona has an option to acquire 5% of the project, however the option is yet to be exercised; (2) DFS forecast production capacity (3) 1.09% is equivalent to 10,900ppm U3O8 (4) Refer ASX announcements 9 August 2022 and 20 January 2023


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Digital Media

The Market Herald – Paladin founder backs uranium with Deep Yellow

18th September 2023

Ausbiz Interview – John Borshoff

12th September 2023

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