Key points
- Secured long-term water supply with Namibia Water Corporation Limited
- Finalized local ownership arrangements with Oponona Investments
- Commenced major civil and concrete construction works
- Anticipated Final Investment Decision in Q4 2026
Full summary
Deep Yellow Limited has announced the completion of two significant milestones for its Tumas Project in Namibia. The company secured a long-term Water Supply Agreement with Namibia Water Corporation Limited, ensuring water supply for construction and operations. Additionally, Deep Yellow finalized local ownership arrangements with Namibian partner Oponona Investments, formalizing a 5% share in Reptile Uranium Namibia. These milestones follow the completion of bulk earthworks and the start of major civil and concrete construction works. Deep Yellow is on track for a Final Investment Decision in Q4 2026, subject to market conditions.
Guidance
Final Investment Decision anticipated in Q4 2026
Outlook
Deep Yellow continues to progress towards a Final Investment Decision for Tumas in Q4 2026, subject to market conditions.