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.

To gain FREE access to the full uranium stocks list and members only community, register and login today.

After you have registered and logged in, don’t forget to join the Deep Yellow group, and then post your comments on the Deep Yellow forum.



Tweets

$DYL appoints highly experienced executive Chris Salisbury as Chairman, replacing Rudolf Brunovs

Chris brings a level of global experience that is invaluable to the Board, highlighted by running world-class #uranium operations in Australia and Namibia

https://bit.ly/33BPIxm

$DYL has appointed Andrew Mirco as Head of Business Development

Andrew is an experienced executive who spent 10 years at Paladin Energy (2008-18)

Andrew will be responsible for advancing M&A and leading/progressing development funding for Tumas

https://bit.ly/3f1ANBM

First phase of the 700-800 hole, 16,000m Tumas RC infill drilling program has been completed

Drilling at Tumas 3 East completed 445 holes for 6,987m, delivering positive #uranium results for the DFS

Phase two has commenced at Tumas 3 Central

$DYL

https://bit.ly/3vJ7Txa

John Borshoff will provide an update to investors at the @OTCMarkets Australia Day Virtual Investor Conference, this Thursday at 11:00am ET/11:00pm WST

The conference is live with questions asked in real-time

Registration details - https://bit.ly/2QII4ya

$DYL #uranium

$DYL completed key milestones in the March quarter, including completion of the Tumas PFS, commencement of the DFS and raising $42.8M at $0.65

The outlook for the #uranium price remains very strong as supply shortages appear inevitable post 2023/24

https://bit.ly/3gtJAyJ

Load More...