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Deep Yellow Defers Tumas FID, Advances Staged Development Amid Uranium Price Challenges

6:46am on Monday 2nd of June, 2025 AEST Mining
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Deep Yellow Defers Tumas FID, Advances Staged Development Amid Uranium Price Challenges

6:46am on Monday 2nd of June, 2025 AEST
Key Points
  • Tumas Project FID deferred due to insufficient uranium price incentives
  • Staged development approach adopted with ongoing detailed engineering and early works
  • 2025 DFS confirms robust project economics: post-tax NPV US$577M, IRR 19% at US$82.50/lb U3O8
  • Mulga Rock Project advances mini-pilot metallurgical testing and hydrogeological evaluations
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