Deep Yellow names Ausenco as Tumas project EPCM contractor

Deep Yellow Limited says Ausenco Services Pty Ltd has been selected as the preferred contractor to deliver the detailed engineering and the engineering, procurement and construction management (EPCM) services for the company’s flagship Tumas project in Namibia.

It is intended that an EPCM contract will be executed following the final investment decision. In the meantime, the parties will execute a detailed engineering agreement to advance key workstreams ahead of FID and finalising a full EPCM contract.

Deep Yellow said it looked forward to working with Ausenco to deliver the Tumas project as the company’s first mining operation and flagship development. Following the FID, Deep Yellow will work toward commencing operations in 2026 and establish Tumas as the fourth uranium mine in Namibia.

Deep Yellow Managing Director and CEO, John Borshoff, stated: “The selection of Ausenco as the preferred EPCM contractor for the Tumas project is a significant project milestone. Ausenco is a market-leading engineering firm, highly regarded within the industry for their technical ability and track record of project delivery. Having Ausenco on board will complement the project delivery team to add significant value to the exciting Tumas Project, in a period of extended positive outlook in the uranium supply sector.”

Ausenco President, Reuben Joseph, added: “Ausenco is proud to be selected as the preferred EPCM contractor for the Tumas project. From our involvement in the project since 2019, and in particular, the work we completed on the DFS and subsequent December 2023 Re-Costing Addendum for Tumas, we fully understand the project’s exciting potential and Tier-1 status. We look forward to working with Deep Yellow and providing our extensive skill set and market-leading engineering and project delivery experience.”