12
Sep
CHAMWE KAIRA Deep Yellow Limited has announced an updated Mineral Resource Estimate (MRE) for the Tumas 1, 1 East, 2 and 3 Deposits located in the Erongo Region of Namibia. The deposit is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd. The mineral resource status upgrade is required to enable the definition of sufficient proven mineral reserves for the first six years of operation and to support project financing. The company said the three deposits have mineral resources of 102.1 million pounds, 16.1 million pounds and 118.2 million pounds of uranium oxide. “A reserve…