Reptile Basement Target Release - Revised JORC Disclosure
Perth, Oct 8, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) advises that on 7 October 2021 it released an announcement to the market noting that as a result of a review of existing exploration data management believe that there is significant upside for the additional discovery of additional mineral resources.
The announcement made reference to previous exploration work carried out by the Company in 2012/13 and to the existing JORC Mineral Resource estimate for Omahola.
The announcement is appended with additional disclosures to accommodate an expanded competent person reference for the exploration results and the Mineral Resource estimate.
To view the revised information, please visit:
https://abnnewswire.net/lnk/1LOB7H72
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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