June Quarterly Activities Report
Perth, July 24, 2019 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) 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.
| ||
|
X/Twitter
Facebook
LinkedIn
