Deep Yellow Limited (
These tenements comprise the Nova Energy (Namibia) Pty Ltd Joint Venture in which Reptile Mineral Resources and Exploration (Pty) Ltd (wholly owned subsidiary of DYL) holds 65% (Manager), Nova Energy Africa (Pty) Ltd (wholly owned subsidiary of Toro Energy Limited) 25% and Sixzone Investments (Pty) Ltd 10%. The ground is regarded as being highly prospective for uranium in both paleo-channel calcrete associated Langer Heinrich type targets and basement alaskite associated Rossing/Husab type targets.
DYL is confident, that, with ongoing expenditure, these EPLs will be favourably considered for a further 2 years when the time comes for an application for an extension to be submitted to the MME.
About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, Tier-1 uranium company to produce 10+Mlb p.a.
The Company's portfolio contains the largest uranium resource base of any ASX-listed company and its projects provide geographic and development diversity. Deep Yellow is the only ASX company with two advanced projects - flagship Tumas, Namibia (Final Investment Decision expected in 1H/CY24) and MRP, Western Australia (advancing through revised DFS), both located in Tier-1 uranium jurisdictions.
Deep Yellow is well-positioned for further growth through development of its highly prospective exploration portfolio - ARP, Northern Territory and Omahola, Namibia with ongoing M&A focused on high-quality assets should opportunities arise that best fit the Company's strategy.
Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long term to provide baseload power supply and achieve zero emission targets.
Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.
Contact
John BorshoffManaging Director/CEO
Phone: +61-8-9286-6999
Email: admin@deepyellow.com.au
www.deepyellow.com.au
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