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Deep Yellow has appointed Ausenco . to provide detailed (EPCM) services for Tumas Project in Namibia

Deep Yellow Limited has appointed Ausenco Services Pty Ltd. to provide detailed engineering, procurement, and construction management (EPCM) services for the Tumas Project. Ausenco has been involved with the Tumas project since 2019, contributing to the definitive feasibility study and the re-costing addendum completed in December 2023.

The Tumas Project marks Deep Yellow’s first mining operation and flagship development. This project, which includes Tumas 1, 2, 3, Tumas Central, and Tumas 1 East, secured a mining license in December 2023. Deep Yellow plans to make the final investment decision for the Tumas uranium project in the third quarter of 2024.

Tumas is set to become Namibia’s fourth uranium mine and is recognized for having one of the largest known paleochannel-hosted calcrete uranium deposits, with an indicated mineral resource of 108.5 million pounds at 265 ppm eU3O8. Deep Yellow aims to develop Tumas to produce 3.6 million pounds of U3O8 annually, with an expected mine life exceeding 30 years.

Ahead of the final investment decision, Deep Yellow and Ausenco will execute a detailed engineering agreement to advance key workstreams and finalize the comprehensive EPCM contract. John Borshoff, managing director and CEO of Deep Yellow, highlighted that selecting Ausenco as the preferred EPCM contractor is a significant milestone for the Tumas Project. Borshoff praised Ausenco as a market-leading engineering firm with a strong technical capability and proven project delivery record.

Reuben Joseph, president of Ausenco, expressed enthusiasm for the project’s potential and Tier-1 status. He emphasized Ausenco’s commitment to bringing their extensive skill set and market-leading engineering and project delivery experience to the Tumas Project.

Ausenco operates globally, with teams in 26 offices across 15 countries. With a 30-year history of providing innovative, value-added consulting studies, project delivery, and asset operations and maintenance solutions, Ausenco serves the minerals, metals, and industrial sectors worldwide.

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