Deep Yellow subsidiary secures mining licence for Namibia project

Namibia's Ministry of Mines and Energy has issued Reptile Uranium – a subsidiary of ASX-listed Deep Yellow – with a mining licence for the Tumas project. “We are delighted to have received the mining licence for our Tumas project. This represents another key accomplishment in the progress to develop this significant uranium asset and our overall objective of building Deep Yellow into a reliable, geographically diverse and long-term uranium producer. “This ensures Deep Yellow can move forward on its stated development schedule, make a final investment decision in the third quarter of 2024 and establish economic benefits for both Namibia and the Deep Yellow shareholders," says CEO and MD John Borshoff.