Deep Yellow Limited (ASX:DYL) 2016 AGM Corporate Presentation

Perth, Dec 1, 2016 AEST (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (DYLLF:OTCMKTS) is pleased to provide the company's 2016 AGM Corporate Presentation.

Highly Prospective Paleo-channels

- The highest grade undeveloped calcrete resource in Namibia.

- An extensive mineralised channel system in excess of 100km.

- Contains a number of defined deposits - Tumas 1, 2 & 3; Tubas and Tubas Sand.

Exploration Objectives - Namibia for next 8 months

Objectives (EPLs 3496/97 and EPLs 3669/70)

- Re-interpret paleo-channel data to optimise drill targeting.

- Increase resource base for Tumas 1 and 2.

- Define a first resource for Tumas 3.

- Confirm potential of deeper paleo-channels (Tumas West).

- Initiate work on EPLs 3669/70.

Program - Nov 2016 to June 2017

- Nov-Dec 2016:

Initial data evaluation and identify possibility for resource increase by data reinterpretation and mapping.

- Jan-Mar 2017:

-- continue data evaluation and resource optimisation studies and planning.

-- start grade confirmation drilling (2000m).

-- carry out seismic surveys for paleo-channel delineation.

- April-June 2017:

-- commence main drilling program (8000m).

-- new resource estimates for Tumas 1, 2 and 3.

To view the presentation, please visit:
http://abnnewswire.net/lnk/I0X0RR4K


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.

   

Contact

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