Revised JORC Disclosure
Perth, Nov 3, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) notes that it released its September Quarter Activities Report on 26 October 2021 summarising a number of significant achievements during the quarter.
The Activities Report included, among other things, a reference to:
- significant increases to Measured and Indicated mineral resources at Tumas 1, 2 & 3 and 1 East and in addition to the sizeable increase to the Tumas Probable Ore Reserve estimate;
- ongoing progress with the Tumas Definitive Feasibility Study; and
- post the end of the quarter, the commencement of work at the Omahola Basement Exploration project together with results from the Nova Joint Venture.
The September Quarter Activities Report is appended for re-release incorporating additional cross references to prior ASX releases, where relevant, and an expanded competent person reference for the exploration results, the Mineral Resource Estimate and the Ore Reserve Estimate.
To view the revised Quarterly Report, please visit:
https://abnnewswire.net/lnk/N0617262
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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