Ausenco selected as contractor for Tumas project

Deep Yellow Limited recently 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 uranium project.

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

Deep Yellow CEO John Borshoff said Ausenco was chosen based on its ability and track record. “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."

Its involvement in the project will add value, Borshoff added.

Having Ausenco on board will complement the project delivery team to add significant value to the exciting project, in a period of extended positive outlook in the uranium supply sector, the CEO said.



First mining operation

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."

In the meantime, the parties will execute a detailed engineering agreement to advance key workstreams ahead of FID and finalise a full EPCM contract. Deep Yellow said it looks forward to working with Ausenco to deliver the exciting project as its first mining operation and flagship development.

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.