Perth, Dec 1, 2016 AEST (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to provide the company's 2016 AGM Corporate Presentation.

Highly Prospective Paleo-channels

- The highest grade undeveloped calcrete resource in Namibia.

- An extensive mineralised channel system in excess of 100km.

- Contains a number of defined deposits - Tumas 1, 2 & 3; Tubas and Tubas Sand.

Exploration Objectives - Namibia for next 8 months

Objectives (EPLs 3496/97 and EPLs 3669/70)

- Re-interpret paleo-channel data to optimise drill targeting.

- Increase resource base for Tumas 1 and 2.

- Define a first resource for Tumas 3.

- Confirm potential of deeper paleo-channels (Tumas West).

- Initiate work on EPLs 3669/70.

Program - Nov 2016 to June 2017

- Nov-Dec 2016:

Initial data evaluation and identify possibility for resource increase by data reinterpretation and mapping.

- Jan-Mar 2017:

-- continue data evaluation and resource optimisation studies and planning.

-- start grade confirmation drilling (2000m).

-- carry out seismic surveys for paleo-channel delineation.

- April-June 2017:

-- commence main drilling program (8000m).

-- new resource estimates for Tumas 1, 2 and 3.

To view the presentation, please visit:
http://abnnewswire.net/lnk/I0X0RR4K


About Deep Yellow Limited

Deep Yellow Limited ASX DYLDeep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is a specialist uranium company implementing a new strategy to grow shareholder wealth.  This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a geographically diverse asset portfolio.

In parallel to its expansion objectives, the Company has a cornerstone suite of projects in Namibia, a top-ranked African mining destination with a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.

  


Contact

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



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