June 2025 Quarterly Activities Report
Perth, July 24, 2025 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) is pleased to provide a summary of key activities completed in the June 2025 quarter.
Tumas Project
- Subsequent to quarter end, Deep Yellow announced a detailed development update for Tumas, which demonstrated positive progress
- Detailed engineering, procurement and operational planning continues to advance
o Procurement of key packages representing 92% of direct capital well-advanced
o Vendor data for long lead items and critical associated packages have been ordered
- Contracts for power and water utility services and associated infrastructure are at an advanced stage
- Early works preparing site for commencement of major onsite works is largely completed
- Operational readiness plan underway to prepare for pre-production mining, process plant commissioning and operational ramp-up to full production
- Project financing continues to be advanced
Mulga Rock Project
- 3-month resin mini-pilot study successfully completed, with very encouraging results
- Effective separation of the uranium and critical minerals as marketable streams confirmed
- Results allow the Company to now pursue establishing the viability of a more expansive Mulga Rock Project, with the DFS revision now underway
Corporate
- Strong financial position with a group cash balance of A$217.4M
*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/C04966WD
About Deep Yellow Limited
Deep 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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