Investor Update - April 2017
Perth, April 7, 2017 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (DYLLF:OTCMKTS) will be presenting the attached presentation to investors this week following the recent announcement of the landmark farm-in by Japan Oil, Gas and Metals National Corporation (JOGMEC) to the Nova Joint Venture in Namibia.
Overview
- New management & core team in place
o Revitalised investor base with greater international interest
o Key alliance with Sprott Group to support the company's growth ambitions
- Major strategic review of company completed
o Share consolidation completed - share base now more conducive for growth
o Conditions right to deliver shareholder growth through contrarian acquisitions
- New direction and impetus for existing Namibian projects
o Targeting a major discovery of a Rossing or Langer Heinrich style deposit
o Highly significant new JV agreement with Japanese partner JOGMEC
- Deep Yellow differentiated from all other mid-sized U companies
o Unrivalled "A to Z" uranium knowledge and proven sector experience
o Strong support from JV partners and investors for accretive growth strategy
A unique and successful track record of building and developing a multi-mine uranium producer from the beginnings as a small explorer
Vision for Growth
- Deep Yellow has a clear, dual strategy running in parallel
o Focus on increasing the value of existing exploration projects in Namibia
o Build a future multi-project global uranium platform through accretive acquisitions
- Extract full value from the potential that exists in Namibia
o Multiple opportunities for discoveries and resource upside within existing tenements
o Premier uranium mining jurisdiction with transparent regulatory framework
- Develop a global pipeline with growth and optionality
o Current assets span early stage discovery and resource expansion opportunities
o Objective is to develop a project pipeline with multiple, phased development options
- Create a genuine independent alternative supplier for utilities
o Maintain a register of supportive, long-term investors that share our vision
o Partner with high calibre organisations where value can be created for both sides
o A core team that has "been there, done that" across the uranium project life cycle
o Give utilities confidence in the ability to be a dependable uranium supplier of choice
World Class Team
- New Management team led by Managing Director John Borshoff
o Took Paladin Energy from a small explorer into the only independent, multi-mine producer in the last uranium cycle
o Possesses the necessary leadership and capability to succeed in an increasingly complex technical environment from exploration / resource development / design to uranium mining and product marketing - an "A to Z" expertise - unique amongst non-producers
o Core team is already in place with the intention to scale-up in line with activities
o Utilisation of a deep and established global uranium and nuclear industry network
Key technical achievements include
- Successful exploration, construction and production developing two modern, conventional uranium mines and establishing an extensive global project portfolio
- A high degree of innovation, including utilising first modern applications of alkaline leach extraction and resin-in-pulp extraction processes
To view the presentation, please visit:
http://abnnewswire.net/lnk/06R32P25
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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