On
The Company further advised that it will proceed with a Pre-Feasibility Study (PFS) commencing late
The PFS has now been initiated and Deep Yellow advises the following with regard to advancing this study.
Resource Drilling
Resource RC drilling commenced on
A further 5,000m is budgeted for ongoing resource identification and upgrade drilling.
The triple-tube diamond drilling program recommenced on 12 January and is scheduled for completion by the end of January. This program is generating samples for mineralogical studies, as well as approximately 1,000kg of mineralised core (590kg collected by
When available, the balance of the metallurgical samples will be shipped to
Baseline Studies
Data gathering surveys will commence in late
PFS Objectives
The Company's stated objective is to establish a multi-platform, low-cost, global uranium company with multiple mines producing in aggregate 5-10Mlb per annum, with the expectation of each project achieving a minimum 2-3Mlb per annum production capability. This growth strategy is similar to what the current Deep Yellow management team established as objectives previously when working with Paladin.
However, those objectives have been further refined and now stipulate a potential life-of-mine greater than 20 years, cash costs of sub
These objectives provide clear guidelines as the threshold measures for determining the success of the Tumas PFS.
Contact:
Tel: +61 8 9286 6999
Email: john.borshoff@deepyellow.com.au
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