Deep Yellow Limited Stock Market Press Releases and Company Profile
Deep Yellow Limited (ASX:DYL) June Quarterly Activities Report
Deep Yellow Limited (ASX:DYL) June Quarterly Activities Report

Perth, July 20, 2021 AEST (ABN Newswire) - Deep Yellow Limited (googlechartASX:DYL) (googlechartJMI:FRA) (googlechartDYLLF:OTCMKTS) announce the June Quarterly Activities Report.

HIGHLIGHTS

- Tumas Definitive Feasibility Study progressing well and on schedule for completion in December quarter 2022

- Tumas Project Environmental Impact Assessment Scoping Report delivered to Namibian Government agencies and Mining Licence Application will be submitted by end of July 2021

- Infill resource upgrade RC drilling at Tumas 3 completed in support of the DFS, with 755 holes drilled in the quarter for 14,955m

- Completion of drilling at Tumas 3 West finalises broader Tumas 3 RC infill program with 911 holes completed for 17,679m

- Notable intersections from this program include:

o T3I930 10m at 1,945ppm eU3O8 from 28m
o T3I963 8m at 2,242ppm eU3O8 from 10m
o T3I973 9m at 1,897ppm eU3O8 from 7m
o T3I459 7m at 997ppm eU3O8 from 4m
o T3I756 6m at 688ppm eU3O8 from 17m

- Infill resource upgrade drilling program continuing at Tumas 1 East and expected to be completed late July 2021

- $1.1M annual budget for 2021/22 agreed for Nova JV, with $580,000 approved for 3,500m RC drilling program commenced in July targeting promising results at Barking Gecko

- Deep Yellow strengthens its Board and Executive Management through the appointment of Mr Chris Salisbury as Chairman and Andrew Mirco as Head of M&A

- Deep Yellow added to MSCI Global Market Cap Index

- Strong cash balance of $52.4M at quarter end, with 51M 50c options remaining to be exercised

To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/NAS22H17


About Deep Yellow Limited

Deep Yellow Limited ASX DYLDeep 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.

https://twitter.com/deepyellowltd https://www.linkedin.com/company/deep-yellow-limited abnnewswire.com 


Contact

John Borshoff
Managing Director/CEO
T: +61-8-9286-6999
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 7) (Last 30 Days: 29) (Since Published: 5036)