31 December 2020 Half-Year Financial Report
Perth, Mar 5, 2021 AEST (ABN Newswire) - Deep Yellow Limited's (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) 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: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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