Deep Yellow Limited (ASX:DYL) Corporate Update Presentation

Perth, Oct 23, 2020 AEST (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) provides the Corporate Update Presentation that was presented live by John Borshoff, Managing Director/CEO at the OTC Global Metals & Mining Virtual Investor Conference on 22 October 2020. Deep Yellow is listed on the OTC QX Exchange (code DYLLF).

Key Achievements Over Past 12 Months

- Resources expanded at the Reptile project

- Tumas Project PFS near completion

- JOGMEC (Japanese entity) completed $4.5M earn-in at adjacent Nova JV project. Highly prospective target to be advanced

- Targeted M&A activity continuing - advanced opportunities identified

- Strong capital position A$11M Sept 2020

Key Ingredients Remain for Execution of Dual Growth Strategy

- Uranium industry in an extended downturn and under financial pressure

- Fundamental supply/demand disconnect in the market post 2023

- Key majors focused on either divesting assets or exiting sector

- Sector consolidation essential during general investor disinterest

To view the presentation, please visit:
https://abnnewswire.net/lnk/I21EH923


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