31 December 2018 Half-Year Financial Report
Activities for the 6-month period to 31 December 2018 continued to concentrate on the Company's Namibian projects with the following focus:
- Enhancing the uranium resource base over the Reptile Project with the objective of achieving an exploration target of 100Mlb to 150Mlb U3O8 in the grade range 300ppm to 500ppm U3O8 for calcrete style deposits; and
- Defining and drill-testing specific exploration targets over the Nova JV Project searching for basement-associated mineralisation (Rössing/Husab style deposits) and surficial-calcrete style mineralisation (Langer Heinrich style deposits).
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About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a specialist differentiated uranium company implementing a new contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.
Deep Yellow Limited