Deep Yellow is aspiring to become a tier-one uranium producer.
Since the appointment of John Borshoff as CEO and Managing Director in October 2016, the Company has set a new direction built around a unique, counter-cyclical strategy focused on organic and inorganic growth to deliver a 5-10Mlb, Tier 1 uranium producer with a low cost, multi-project global uranium platform.
Organic growth will be delivered through exploration and development of the Company’s Namibian project portfolio. Since 2016, exploration success has tripled the resource base at the Reptile Project, at an extremely low discovery cost of A$11.5c/lb. In early 2020, a positive Scoping Study on its Tumas Project let to completion of a Pre-Feasibility Study in February 2021. With positive results, this was immediately followed by commencement of a Definitive Feasibility Study. Exploration continues on surrounding exploration targets.
The Company’s “inorganic” growth plan is based on a targeted merger and acquisition program to establish a diversified portfolio of uranium operations for development from 2023 onwards.
Effective execution of this unique strategy requires a leadership team with a proven track record, extensive industry knowledge and capability to deliver.
Deep Yellow has assembled a standout uranium team that brings strong project development, operational and corporate capabilities. The majority of this team successfully worked together at Paladin Energy, which grew from a $2M explorer into a $4B high-quality uranium producer pre-Fukushima, responsible for developing 2 uranium mines in Southern Africa.
The medium to long-term outlook for uranium is extremely positive, supported by the integral role nuclear power will play in meeting global clean energy targets. Through the operational expertise of the Company’s Board and management team, along with the execution of the unique and differentiated dual-pillar strategy, Deep Yellow is well placed to provide uranium supply security and certainty into a growing market.