Deep Yellow Limited Stock Market Press Releases and Company Profile
Quarterly Activities Report for the Period Ending 30 September 2017
Quarterly Activities Report for the Period Ending 30 September 2017

Perth, Oct 23, 2017 AEST (ABN Newswire) - Deep Yellow Limited (googlechartASX:DYL) (googlechartDYLLF:OTCMKTS) provides the Company's Quarterly Activities Report for the period ending 30 September, 2017.

HIGHLIGHTS

- Tumas 3 discovery returns an impressive maiden mineral resource estimate of 23.5Mlb at 382ppm eU3O8 as inferred resources.

- Maiden resource contributes a significant 47% improvement to the existing palaeochannel related mineral resource base occurring on the Reptile Project.

o this significantly advances the project toward achieving stated objectives

- Tumas 3 result fully supports the high prospectivity of the 125km of palaeochannel target that has been delineated of which 100km remains to be tested.

- Early scout RC drilling on the Nova JV project identifies greater than 100ppm eU3O8 calcrete uranium mineralisation in a newly delineated palaeochannel.

o highlights increasing prospectivity and adds another 70km of untested palaeochannels.

To view the full report, please visit:
http://abnnewswire.net/lnk/2675O0G9


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
F: +61-8-9286-6969
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 6) (Last 30 Days: 26) (Since Published: 5577)