Deep Yellow – ASX: DYL, OTCMKTS: DYLLF

Deep Yellow Limited (Stock Symbols – ASX: DYL, OTCMKTS: DYLLF) is a uranium exploration and development company with operations in Namibia.

The Company’s core Namibian projects include over 159 million pounds of uranium resources.

The assets include the pre-development Tumas Project, the Reptile Project, Omahola Project, Tubas Project, Nova Joint Venture project, and Yellow Dune Joint Venture project.

The company holds a 100% interest in the Reptile project which covers an area of 345 square miles and has approximately 155 million pounds of uranium.

Deep Yellow Project Map
Project Map. Source: Deep Yellow

This project has in process the pre-feasibility study (PFS) which currently shows the potential mine could produce up to 3 million pounds annually at less than $30 USD per pound.

The PFS is anticipated to be completed in late 2020.

The Omahola Project consists of three shallow potentially open pit hard rock deposits with a total of 45 million pounds of uranium.

The Tumas 1 and 2 have a combined resource of 40.6 million pounds of uranium, along with the Tumas 3 deposits (another 36.8 million pounds) the total resource in the Tumas projects is an astounding 77 million pounds of uranium.

In addtion, the company also has a controlling interest of 65% in the Nova Joint Venture covering an area of 231 square miles.

Deep Yellow is lead by the founder of Paladin Energy which saw the explosive share price rise during the last uranium cycle boom and who took the market cap of that company from $2 million to $4 billion.

The company is based in Subiaco, Australia and wholly owns Reptile Mineral Resources and Exploration.

The Deep Yellow group is full of discussions, presentations, and company announcements. If you’re looking to be engaged, this is the place for it!

Discuss the company in more detail and dive deeper into organized conversations in the Deep Yellow forum.

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Tweets

$DYL completed another very successful quarter, highlighted by delivery of key Tumas DFS workstreams, an upgraded MRE at the Omahola Basement Project and a further $22.2m raised through option exercise, increasing the cash balance to $72m

#uranium

https://bit.ly/3qK1WAn

$DYL has initiated Phase 2 drilling at Barking Gecko North through completion of diamond hole TN270DDT

Excellent #uranium results from TN270DDT will be integrated into planning of continuing Phase 2 drilling, with 10 RC holes for ~2,500m starting 24 Jan

https://bit.ly/3GFnCD5

$DYL has completed its shallow RC drill program at the Omahola Project, which has successfully confirmed the highly prospective nature of the broader Omahola target zone and identified three substantial target zones for drilling follow up

#uranium

https://bit.ly/3qe0ipi

$DYL is pleased to release its 2021 Sustainability Report

Currently in pre-development stage, $DYL believes that principles embodied with ESG responsibility must be integrated into the working practice of a company at an early stage

#uranium

https://bit.ly/3EMwCFu

John Borshoff gave a detailed presentation on the Company's performance in 2021 and future focus areas at today's AGM

2021 has been an excellent year for $DYL with several milestones achieved and a strong platform set for further growth in 2022

#uranium

https://bit.ly/312hS7a

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