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    DYL   AU000000DYL4

DEEP YELLOW LIMITED

(DYL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/27
0.995 AUD   -8.29%
09/23DEEP YELLOW LIMITED (ASX : DYL) 2021 Annual Report
AQ
09/23Deep Yellow Limited Reports Earnings Results for the Full Year Ended June 30, 2021
CI
09/23DEEP YELLOW : Online communications reminder
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DEEP YELLOW : POSITIVE RESULTS CONTINUE AT TUMAS 3 DFS RESOURCE DRILLING

06/08/2021 | 06:01am EDT

Deep Yellow Limited (ASX: DYL) (Deep Yellow) is pleased to announce completion of the RC resource upgrade infill drilling program at the Tumas 3 Central deposit, located on EPL3496.

The Project is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN).

The mineralisation at Tumas 3 (comprising Tumas 3 Central, Tumas 3 West and Tumas 3 East) occurs as a discrete mineral deposit, occurring separately from the other deposits so far discovered within highly uranium fertile Tumas palaeochannel system, namely, Tumas 1 (which also includes Tumas 1 East) and Tumas 2 in addition to Tubas Red Sand/Calcrete deposits.

Infill drilling moved to Tumas 3 Central on 28 April 2021 (announced on 5 May) following completion of drilling at Tumas 3 East, with 359 holes drilled for 7,634m by 27 May. Work is now progressing at Tumas 3 West. Since the beginning of the program in February 2021, 804 holes for 14,621m have been drilled. Three drill rigs are engaged for the work.

The infill drilling program is focused on achieving a drill hole spacing sufficient to enable a resource conversion from Inferred to Indicated JORC resource status. Importantly, drilling completed at Tumas 3 Central is indicating that expectations for the conversion rate to Indicated Resource category are being met, with 48% of the 359 holes completed returning uranium mineralisation greater than 100ppm eU3O8 over 1m, and 25% showing uranium mineralisation greater than 200ppm eU3O8 over 1m.

The equivalent uranium values are based on down-hole radiometric gamma logging carried out by a fully calibrated Aus-Log gamma logging system.

The resource upgrade drilling program will then move to the last phase to complete resource conversion drilling at Tumas 1 East. This will follow with the completion of a new overall Mineral Resource Estimate for incorporation into the Tumas DFS to enable a 20+year LOM consideration. The DFS ore reserve base will derive from testing of only 60% of the known regional Tumas palaeochannel system.

Significant exploration upside potential exists associated with this highly prospective target to further increase the resource base beyond that associated with current DFS footprint with 50km of channel systems remaining to be tested. This will be the focus of the investigations in the latter part of CY 2021.

This ASX announcement was authorised for release by Mr John Borshoff, Managing

Contact:

John Borshoff

Tel: +61 8 9286 6999

Email: john.borshoff@deepyellow.com.au

About Deep Yellow Limited Deep

Yellow Limited is a differentiated, advanced uranium exploration company in predevelopment phase, implementing a contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia (a Definitive Feasibility Study is in progress on the Tumas Project) and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well-regarded history of safely and effectively developing and regulating its considerable uranium mining industry

Competent Person's Statement

The information in this announcement as it relates to exploration results was compiled by Dr Katrin Karner, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Dr Karner, who is currently the Exploration Manager for Reptile Mineral Resources and Exploration (Pty) Ltd (RMR), the manager of the tenements, has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr Karner consents to the inclusion in this announcement of the matters based on the information in the form and context in which it appears. Dr Karner holds shares in the Company.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about DEEP YELLOW LIMITED
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Financials
Sales 2021 0,06 M 0,04 M 0,04 M
Net income 2021 -4,82 M -3,50 M -3,50 M
Net cash 2021 51,9 M 37,8 M 37,8 M
P/E ratio 2021 -40,9x
Yield 2021 -
Capitalization 331 M 241 M 241 M
EV / Sales 2020 502x
EV / Sales 2021 3 301x
Nbr of Employees -
Free-Float 72,4%
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Number of Analysts 0
Last Close Price 1,00 
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Managers and Directors
John Borshoff Chief Executive Officer, MD & Executive Director
Mark Edward Pitts Chief Financial Officer & Secretary
Christopher Salisbury Chairman
Mervyn Patrick Greene Non-Executive Director
Gillian Swaby Non-Executive Director
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