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Mulga Rock’s evaluation highlights increase in uranium

Deep Yellow is upbeat that critical minerals assessment of Mulga Rock has indicated potential to spur the project.

“The recovery of critical minerals from the Mulga Rock Project, if feasible, has the potential to materially enhance project value. This initial drill program will provide data to better define the distribution of these valuable elements and provide samples to evaluate recovery options,” said John Borshoff, Managing Director and Chief Executive Officer of Deep Yellow.

Borshoff further said the re-scheduling of the mining into a more non-selective approach has potential both to increase the available uranium resource and extend life of mine of this exciting project.

The evaluation program was initiated on 25 November 2022, following on from its pre-merger work, after identifying an opportunity for a significant potential uplift in project value by increasing the focus on recovery of critical minerals located within the existing Mulga Rock resource shells.

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