Deep Yellow Limited (ASX:DYL) 31 December 2018 Half-Year Financial Report

Perth, Mar 11, 2019 AEST (ABN Newswire) - The Directors of Deep Yellow Limited (ASX:DYL) (DYLLF:OTCMKTS) (Company) submit herewith the financial report of the Company and its subsidiaries (the Group) for the half-year ended 31 December 2018.

Activities for the 6-month period to 31 December 2018 continued to concentrate on the Company's Namibian projects with the following focus:

- Enhancing the uranium resource base over the Reptile Project with the objective of achieving an exploration target of 100Mlb to 150Mlb U3O8 in the grade range 300ppm to 500ppm U3O8 for calcrete style deposits; and

- Defining and drill-testing specific exploration targets over the Nova JV Project searching for basement-associated mineralisation (Rössing/Husab style deposits) and surficial-calcrete style mineralisation (Langer Heinrich style deposits).

To view the full report, please visit:
http://abnnewswire.net/lnk/574R6VL7


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.

   

Contact

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