31 December 2018 Half-Year Financial Report
Perth, Mar 11, 2019 AEST (ABN Newswire) - The Directors of Deep Yellow Limited (
ASX:DYL) (DYLLF:OTCMKTS) (Company) submit herewith the financial report of the Company and its subsidiaries (the Group) for the half-year ended 31 December 2018.
Activities for the 6-month period to 31 December 2018 continued to concentrate on the Company's Namibian projects with the following focus:
- Enhancing the uranium resource base over the Reptile Project with the objective of achieving an exploration target of 100Mlb to 150Mlb U3O8 in the grade range 300ppm to 500ppm U3O8 for calcrete style deposits; and
- Defining and drill-testing specific exploration targets over the Nova JV Project searching for basement-associated mineralisation (Rössing/Husab style deposits) and surficial-calcrete style mineralisation (Langer Heinrich style deposits).
To view the full report, please visit:
http://abnnewswire.net/lnk/574R6VL7
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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