31 December 2020 Half-Year Financial Report
31 December 2020 Half-Year Financial Report
Perth, Mar 5, 2021 AEST (ABN Newswire) - Deep Yellow Limited's (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) activities for the six-month period to 31 December 2020 continued advancing both the Company's Namibian Projects and completion of the Tumas Pre-Feasibility Study (PFS), together with continued M&A efforts.

Key achievements:

- Tumas PFS completed and presented to the Board in January, post-reporting period, with approval given for commencement of a Definitive Feasibility Study (DFS).

- Tumas PFS incorporated uranium resources from parts of the Tumas 1, 2 and 3 ore bodies with resource estimations redefined using a 100ppm lower cut-off applying Multiple Indicator Kriging as the estimation method.

- Infill resource upgrade drilling in support of the PFS completed at Tumas 3 with exploration focusing towards the west in the Tubas mineralised area.

- JOGMEC completed A$4.5M earn-in obligation in September with drilling identifying a prospect of significance at Barking Gecko. JOGMEC continues to contribute to the JV.

To view the full half year report, please visit:
https://abnnewswire.net/lnk/CF6AYME6


About Deep Yellow Limited

Deep Yellow Limited ASX DYLDeep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a differentiated, advanced uranium exploration company, in predevelopment phase, implementing a 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. A PFS has recently been completed on its Tumas Project in Namibia and a DFS commenced February 2021. 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.

   


Contact

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



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