• Deep Yellow appoints Greg Field CEO as Tumas mine advances

• Field replaces John Borshoff, who delayed Tumas investment decision

• Company still targets 2027 first production from $360m Tumas project

Australian uranium company Deep Yellow announced, Tuesday, the appointment of Greg Field as its chief executive officer.

Field, who brings nearly 30 years of experience, including a role at Rio Tinto as head of project development, joins as the company prepares to start construction of the Tumas uranium mine.

"The Board is delighted to have attracted Greg to join Deep Yellow at the perfect time to own the near-term Tumas FID decision and then follow through with execution of this derisked growth project," Executive Chairman Chris Salisbury said in a statement.

Field succeeds John Borshoff, who earlier this year delayed the final investment decision for Tumas pending higher uranium prices before resigning a few weeks ago. Despite the leadership change, Salisbury said the company would continue to monitor how the uranium market develops to assess whether conditions are right to advance new projects.

Deep Yellow said in October 2025 that it still targets first production in the third quarter of 2027. According to an updated feasibility study from December 2023, the Tumas project requires an initial investment of 360 million dollars and could produce 3.6 million pounds of uranium per year over a mine life of more than 22 years.

Emiliano Tossou