Reptile Mineral Resources and Exploration (Pty) Ltd
Reptile Mineral Resources and Exploration (Pty) Ltd (RMR) is a wholly-owned subsidiary of Australian Deep Yellow Limited (DYL), an advanced stage uranium exploration company which is listed on both the ASX and NSX. In Namibia, RMR manages and operates a group of Namibian subsidiary companies which hold the following interests:
- EPLs 3496, 3497 and 3498, strategically located amongst the major uranium mines in the Erongo region covering an area of more than 1,100 km2 in total.
- A 65% interest in the Nova Joint Venture (JV) Project (EPLs 3669 and 3670). The JV partner is JOGMEC, the minerals exploration arm of the Japanese government, funding N$45,000,000 over a 4-year period.
Following the completion of the Pre-Feasibility Study (PFS) for it’s Tumas project in early 2021, Reptile Mineral Resources and Exploration immediately commenced with a Definitive Feasibility Study (DFS) for the project. Intensive resource upgrade drilling continued resulting in an ore reserve increase for Tumas, and an increase in the life-of-mine from some 11.5 to 26 years. A Mining Licence has been applied for, and work on the Environmental Impact Assessment is at near final stage. The DFS is expected to be completed in the latter half of 2022. Drilling also continued exploring for basement related uranium targets both on the wholly owned Reptile Mineral Resources & Exploration licences and on those owned in joint venture with JOMEG of Japan.