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Growth Strategy

Deep Yellow is an advanced, geographically diverse uranium company, developing one of the largest global inventories to establish a +10Mlb per annum, multi-mine producer and provide security and certainty of long-term supply into a growing market.

Since 2016, Deep Yellow has delivered excellent exploration and development growth through successful execution of its unique, dual-pillar growth strategy.

The rapid growth and success of Deep Yellow has been spearheaded by the current management team led by CEO and Managing Director John Borshoff and supported by a team that largely worked together at Paladin Energy, which developed two uranium mines in Africa and grew into a $4B producer.

On the ground in Namibia, the Company’s primary focus has been on its flagship Tumas Project. Since 2017, exploration and development work has grown Tumas significantly in size and scale, resulting in a 30+ year LoM and Ore Reserves of 67.3Mlb.

In early 2023, Deep Yellow successfully completed a DFS on Tumas, with results showing the project as a potential world-class operation delivering robust returns to shareholders. The Company has commenced key works (project definition, FEED, offtake and financing) ahead of a Final Investment Decision in H1 2024.

In 2022, Deep Yellow completed an A$658M merger with Vimy Resources Limited, the first major transaction in the uranium sector since 2012, which strengthened the Company’s development and exploration pipeline through the acquisition of Mulga Rock and Alligator River.

Located in Western Australia, Mulga Rock is one of the largest uranium projects in Australia and, when combined with Tumas, provides excellent development optionality through two potential producing mines across Tier-1 jurisdictions and an attributable Mineral Resource base of 389Mlb, the largest uranium resource base of any ASX-listed company.

Additional organic growth will be delivered through an exciting exploration pipeline spearheaded by the Omahola Project (Namibia) and Alligator River (Northern Territory).

Impressively, once in production, Deep Yellow will be the largest pure-play uranium producer on the ASX.


Early Stage Projects

Advanced Projects


19Mlb U3O8


18Mlb U3O8

Alligator River

33Mlb U3O8


125Mlb U3O8

Mulga Rock

90Mlb U3O8
Production capacity of 3.5Mlb per annum


114Mlb U3O8
Production capacity of 3.6Mlb per annum

Deep Yellow’s development and financial strength provides the platform for inorganic growth opportunities, with the Company focused on acquiring additional projects to further extend its development pipeline into the mid-21st century and beyond.

The moral acceptance and critical need for nuclear energy as part of the green energy mix is rapidly growing. World government attitudes and investor sentiment towards nuclear energy and uranium is increasing, driven by an acceleration in the clean energy thematic and decarbonisation, placing the uranium industry in a strong position for significant potential value uplift. The geopolitical destabilisation resulting from the Ukraine war has seen the critical need for supply diversification, playing into Deep Yellow’s well-conceived dual-pillar strategy.

Through the leadership and proven experience of Deep Yellow’s management and technical team, the Company is well placed to become a major global uranium producer and provide security and certainty of long-term supply into a growing market.