Deep Yellow Limited Advances Tumas Project

Deep Yellow Limited (AU:DYL) has released an update.

Deep Yellow Limited reports significant progress in the June 2024 quarter, with major advancements in its flagship Tumas Project in Namibia, including appointing Ausenco Services Pty Ltd as the EPCM contractor and scheduling ore commissioning for Q3 2026. The company has completed resource upgrade drilling at Tumas 3 and is preparing to release an updated Mineral Resource Estimate. Financially, Deep Yellow has strengthened its position with a successful A$250M capital raise and a cash balance of A$257.5M, alongside entering the S&P/ASX 200 Index.

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