John borshoff deep yellow color

With the Tumas uranium project set to start production in 2026, one question is whether John Borshoff can repeat the same feat he did with Langer Heinrich.

Deep Yellow expects to announce the Tumas Project’s final investment decision during the latter part of the third calendar quarter of 2024.

If the company’s plans unravel as expected production at Tumas will commence during the second half of 2026.

The Tumas Project will be Deep Yellow’s first mining operation and flagship development.

The project, which comprises Tumas 1, 2, 3, Tumas Central, and Tumas 1 East, received a 20-year mining license 237 in December 2023.

Deep Yellow has been exploring the Tumas since 2016, when the resources, especially at Tumas 1 and 3, increased more than fourfold at a low discovery cost.

Borshoff joined Deep Yellow 10 years after the Tumas deposit had been discovered.

The work at Tumas was refocused to define probable reserves of 67.3 Mlb of U3O8.

Tumas has a resource of 121 Mlb