Ausenco announced as contractor for Tumas project

Deep Yellow Limited has announced the selection of Ausenco Services as the preferred contractor to deliver the detailed engineering, procurement and construction management (EPCM) services for the company’s flagship Tumas Namibian uranium project.

It is intended that the EPCM contract will be executed following the final investment decision.

Deep Yellow CEO John Borshoff said “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 its technical ability and track record of project delivery".

According to him, Ausenco’s involvement in the project will add value.

Ausenco president Reuben Joseph said the company fully understands what is required to bring the Tumas project to fruition. “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 definitive feasibility study and subsequent December 2023 re-costing addendum for Tumas, we fully understand the project’s exciting potential and Tier-1 status,” he said.

“We look forward to working with Deep Yellow and providing our extensive skill set and market-leading engineering and project delivery experience," Joseph added.

Upon production, the Tumas project is anticipated to produce 3.6 million pounds of uranium ore per annum over its anticipated 22-and-a-half years life of mining operation. Construction is set to commence in 2026, according to Deep Yellow.