Deep Yellow Limited Stock Market Press Releases and Company Profile
December Quarterly Activities Report
December Quarterly Activities Report

Perth, Jan 16, 2018 AEST (ABN Newswire) - Deep Yellow Limited (googlechartASX:DYL) (googlechartDYLLF:OTCMKTS) provides December Quarterly Activities Report.

In the December quarter work continued on the Namibian projects with a dual effort focussed on both uranium resource upgrade activities on the Reptile Project at Tumas 3 and completion of the first pass target drilling on selected exploration targets that have been identified on the Nova JV Project (see Figure 1 in link below).

HIGHLIGHTS

- Two drilling campaigns completed during quarter on adjacent Namibian projects with successful results.

- Reptile Project - Tumas 3 deposit extended from 4.4km to 7.2km with 1,878m of broad drilling on 400m x 100m spacing.

o drill assays indicate extension area will add to current Tumas 3 inferred resource base.

o work to date confirming high prospectivity of the 100km of palaeochannel remaining to be tested.

- Nova JV Project - first pass drilling targeting mineralisation associated with surficial palaeochannels and alaskite/skarn type basement rocks completed involving 7,490m of RC and diamond drilling.

o promising results on the newly defined Namaqua palaeochannel target (formerly Speke's East) where uranium mineralisation was intersected in three adjacent holes.

o majority of drillholes testing basement targets intersected narrow uranium mineralisation requiring follow-up investigations.

- Increased confidence that the existing uranium resource base of the Company for Langer Heinrich-style deposits can continue to be expanded.

To view the full report with figures, please visit:
http://abnnewswire.net/lnk/85A8EQ87


About Deep Yellow Limited

Deep Yellow Limited ASX DYLDeep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, Tier-1 uranium company to produce 10+Mlb p.a. 

The Company's portfolio contains the largest uranium resource base of any ASX-listed company and its projects provide geographic and development diversity. Deep Yellow is the only ASX company with two advanced projects - flagship Tumas, Namibia (Final Investment Decision expected in 1H/CY24) and MRP, Western Australia (advancing through revised DFS), both located in Tier-1 uranium jurisdictions. 

Deep Yellow is well-positioned for further growth through development of its highly prospective exploration portfolio - ARP, 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.

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Contact

John Borshoff
Managing Director/CEO
T: +61-8-9286-6999
F: +61-8-9286-6969
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au



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