Deep Yellow’s Tumas uranium project in Namibia is advancing steadily, supported by an initial capital investment of about N$7.55 billion.
This comes as the company progresses development while awaiting favourable uranium market conditions.
According to the company’s corporate update, the project carries a post-tax net present value (NPV8) of N$9.19 billion, with a projected post-tax internal rate of return of 19%, emphasising its long-term economic viability.
Operating efficiency is expected to be supported by an all-in sustaining cost of N$716.40 per pound of Triuranium octoxide, positioning the project competitively within the global uranium market.
“Initial capital expenditure is estimated at US$474 million (about N$7.76 billion). The all-in sustaining cost is projected at US$45 (N$736) per pound of Triuranium octoxide,” the company says in its report.
