December 2022 Quarterly Activities Report
Perth, Jan 27, 2023 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) is pleased to provide an update on key activities completed in the December quarter.
HIGHLIGHTS
- Tumas Project (Tumas) - Definitive Feasibility Study (DFS) completed and draft document under internal review by management and Board. DFS remains on schedule for completion in February 2023.
- Mulga Rock Project (MRP) - Program progressing to assess potential Project value-uplift by evaluating recovery of critical minerals.
- Alligator River Project (ARP)- Sampling and density determinations in support of Mineral Resource update completed.
- Omahola Basement Project (Omahola) - Completion of two-stage, 10,000m follow-up RC drill program, with positive results delivered and 3 new targets identified.
- Appointment of experienced resources and energy executive Ms Victoria Jackson as independent Non-Executive Director.
- Strong balance sheet with cash of $56 million.
*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/M21XB05W
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
