Vimy Resources

0 reviews

Vimy Resources was an Australian uranium development company focused on advancing the Mulga Rock Project in Western Australia and the Alligator River Project in the Northern Territory. In 2022, Vimy merged with Deep Yellow Limited, creating a globally significant uranium entity with a diversified portfolio of assets. Key Features and Functionality: - Mulga Rock Project: Located 290 km east of Kalgoorlie, this project is one of Australia's largest undeveloped uranium resources, with a projected annual production of 3.5 million pounds of U₃O₈ over a 15-year mine life. - Alligator River Project: Situated in the Northern Territory, this project encompasses high-grade, unconformity-related uranium deposits, including the Angularli deposit, which has an inferred resource of 26 million pounds at 1.29% U₃O₈. - Merger with Deep Yellow: The 2022 merger combined Vimy's assets with Deep Yellow's Tumas Project in Namibia, resulting in a company with a resource base of 389 million pounds and an annual production capacity of up to 6.5 million pounds. Primary Value and User Solutions: The merger between Vimy Resources and Deep Yellow Limited created a uranium company with significant scale and expertise, positioning it to meet the growing global demand for uranium. By combining advanced projects in Tier-1 mining jurisdictions, the company aims to provide a stable and sustainable supply of uranium, contributing to global energy security and supporting the transition to low-carbon energy sources.