Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

Deep Yellow advances towards bankable feasibility stage with its Namibia-based uranium project

Deep Yellow advances towards bankable feasibility stage with its Namibia-based uranium project

Deep Yellow Limited (ASX:DYL) (OTCQX:DYLLF) CEO John Borsoff tells Proactive the uranium exploration company has advanced towards a bankable feasibility stage with its Namibia-based uranium project. Borsoff says the group was 'very encouraged' with results from its pre-feasibility study, including a 12-year mine life, an NPV of $207M, and an operating cost of sub $30/pound. The group is now working on converting the remaining 50% of its project into reserves, increasing the mine life to 20 years.