2016 AGM Corporate Presentation
Perth, Dec 1, 2016 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (DYLLF:OTCMKTS) is pleased to provide the company's 2016 AGM Corporate Presentation.
Highly Prospective Paleo-channels
- The highest grade undeveloped calcrete resource in Namibia.
- An extensive mineralised channel system in excess of 100km.
- Contains a number of defined deposits - Tumas 1, 2 & 3; Tubas and Tubas Sand.
Exploration Objectives - Namibia for next 8 months
Objectives (EPLs 3496/97 and EPLs 3669/70)
- Re-interpret paleo-channel data to optimise drill targeting.
- Increase resource base for Tumas 1 and 2.
- Define a first resource for Tumas 3.
- Confirm potential of deeper paleo-channels (Tumas West).
- Initiate work on EPLs 3669/70.
Program - Nov 2016 to June 2017
- Nov-Dec 2016:
Initial data evaluation and identify possibility for resource increase by data reinterpretation and mapping.
- Jan-Mar 2017:
-- continue data evaluation and resource optimisation studies and planning.
-- start grade confirmation drilling (2000m).
-- carry out seismic surveys for paleo-channel delineation.
- April-June 2017:
-- commence main drilling program (8000m).
-- new resource estimates for Tumas 1, 2 and 3.
To view the presentation, please visit:
http://abnnewswire.net/lnk/I0X0RR4K
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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