Corporate Update Presentation
Perth, Oct 23, 2020 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) provides the Corporate Update Presentation that was presented live by John Borshoff, Managing Director/CEO at the OTC Global Metals & Mining Virtual Investor Conference on 22 October 2020. Deep Yellow is listed on the OTC QX Exchange (code DYLLF).
Key Achievements Over Past 12 Months
- Resources expanded at the Reptile project
- Tumas Project PFS near completion
- JOGMEC (Japanese entity) completed $4.5M earn-in at adjacent Nova JV project. Highly prospective target to be advanced
- Targeted M&A activity continuing - advanced opportunities identified
- Strong capital position A$11M Sept 2020
Key Ingredients Remain for Execution of Dual Growth Strategy
- Uranium industry in an extended downturn and under financial pressure
- Fundamental supply/demand disconnect in the market post 2023
- Key majors focused on either divesting assets or exiting sector
- Sector consolidation essential during general investor disinterest
To view the presentation, please visit:
https://abnnewswire.net/lnk/I21EH923
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.
| ||
|
