Deep Yellow Limited (ASX:DYL) June Quarterly Activities Report

Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) provide the June Quarterly Activities Report

HIGHLIGHTS

REPTILE PROJECT

- Drilling at Tumas 1 East identified 3km of continuous mineralisation in Tributary 5.

- 60km of uranium-fertile palaeochannel targets remain to be properly tested (only 50% of target evaluated to date).

- 11,000m RC drilling approved for FY20 on Reptile Project. - Follow-up drilling at Tumas 1 East commenced in July.

NOVA JV PROJECT

- Annual JV budget of A$1.05M to March 2020 approved by JOGMEC.

- 7,000m drilling program commencing early August.

CORPORATE - Post Quarter

- $11.29M successfully raised via Placement and Share Purchase Plan to advance growth strategy.

- President Trump rejects Section 232 petition.

To view the quarterly report, please visit:
http://abnnewswire.net/lnk/6WLOUM7K


About Deep Yellow Limited

Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, leading uranium company producing 10+ Mlb pa. The Company's portfolio consists of two advanced projects in Tier-1 uranium mining jurisdictions - flagship Tumas in Namibia and Mulga Rock, Western Australia.

Deep Yellow's future growth is underpinned by its highly prospective exploration portfolio - Alligator River, 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.

   

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