CHAMWE KAIRA
Deep Yellow Limited has appointed Jim Morgan as head of project delivery, the company announced this week.
Morgan is a seasoned mining executive with over 35 years of experience on high-value uranium and resource sector projects.
Morgan is well known to the Deep Yellow team, as he was previously executive general manager-project development for Paladin Energy from 2005–2012, during the period when John Borshoff was Paladin CEO.
Morgan played a critical role in Paladin’s successful construction of the Langer Heinrich uranium mine in Namibia and the Kayelekera uranium mine in Malawi.
Following his time at Paladin, Morgan was CEO of Carbine Tungsten Limited from 2012–2017 and, more recently, managing director of a private mining and infrastructure development consultancy firm.
Morgan’s appointment further strengthens the company’s sector-leading team at a time when global support for uranium continues to rapidly grow due to the fundamental role nuclear power will now need to play in providing baseload power and meeting clean energy targets.
Deep Yellow said it continues to methodically progress the development of its two advanced projects: the flagship Tumas Project in Namibia and the Mulga Rock Project in Western Australia.
Morgan will assume the role of project director for Tumas, anticipating a final investment decision late in the fourth quarter of 2024 and aiming for a production startup late in 2026.
At Mulga Rock, key development activities continue, with production beginning in 2028.
Deep Yellow managing director, John Borshoff, commented, “I am very pleased that Jim has accepted this important role, and we look forward to working with him again. The biggest asset of Deep Yellow is our sector-leading team and the qualities and experience each person brings to the table when it comes to developing, building and operating Tier-1 uranium mines. Jim brings a huge range of mine construction expertise to the company and fully understands what is required to build a successful, long-term and reliable uranium operation.”
Morgan’s first priority will be the delivery of our flagship Tumas Project and ensuring this important project is established according to its defined scope, budget and schedule.
Deep Yellow is progressing its dual-pillar strategy to establish a multi-mine company with capacity to produce 10 million pounds of uranium per year.
Deep Yellow has two advanced projects, Tumas and Mulga Rock (Western Australia).
Both projects are located in Tier-1 uranium jurisdictions and have a potential production capacity of more than seven million pounds per annum, Tumas 3.6 million pounds per annum and a potential 30+ year Life of Mine (LoM), and Mulga Rock, 3.5 million per pound and 15 plus year LoM.
