Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Deep Yellow Limited
  6. News
  7. Summary
    DYL   AU000000DYL4

DEEP YELLOW LIMITED

(DYL)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/24
1.085 AUD   -3.98%
09/23DEEP YELLOW LIMITED (ASX : DYL) 2021 Annual Report
AQ
09/23DEEP YELLOW : Online communications reminder
AQ
09/20DEEP YELLOW LIMITED(ASX : DYL) added to S&P Global BMI Index
CI
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Deep Yellow Limited (ASX:DYL) Positive Results Continue at Tumas 3 DFS Resource Drilling

06/07/2021 | 08:47pm EDT

Perth, Australia, June 8, 2021 - (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (JMI.F) (OTCMKTS:DYLLF) is pleased to announce completion of the RC resource upgrade infill drilling program at the Tumas 3 Central deposit, located on EPL3496 (Figure 1*). 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 (see Figure 1*).

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 positive results from the infill drilling are reflected in Figure 2*, which outlines GT (grade x thickness) in colour code, comparing previous drilling results against most recent results. It is pleasing to note that the GT intervals of the latest drill holes confirm grade continuity across the Tumas 3 deposit, with the possibility of locally extending the known resource base, especially along the southern tributary channel of Tumas 3 as shown in Figure 5. Figures 3, 4 and 5* show the results in cross-section.

Table 1 in Appendix 1 lists all intersections greater than 100ppm eU3O8 over 1m. Table 2 in Appendix 1 shows intersections greater than 200ppm eU3O8 cut off, with grades ranging from 203ppm to 2,242ppm eU3O8 at an average thickness of 3.3m. Table 3 in Appendix 1* shows all drill hole details.

The infill drilling program currently continues at Tumas 3 West, with the primary objective of the overall program including Tumas 3 East, Central, West and Tumas 1 East expanding the Life of Mine (LOM) from 11.5 years (as defined in the recently completed PFS) to 20+ years for utilisation in the DFS currently underway.

Once the resource upgrade drilling is completed in this area a new Mineral Resource Estimate will be undertaken for the Tumas 3 West, Central and East Deposits (see Figure 3*), expected to be released late June.

The resource upgrade drilling program will then move to the last phase to complete resource conversion drilling at Tumas 1 East (see Figure 1*). 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.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/7HQJZ7M7


<b>About Deep Yellow Limited:</b>

Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) 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 and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. A PFS has recently been completed on its Tumas Project in Namibia and a DFS commenced February 2021. 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.

<b>Contact:</b>

John Borshoff
Managing Director/CEO
T: +61-8-9286-6999
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au

Copyright (C) 2021 ABN Newswire. All rights reserved., source Press Releases English

All news about DEEP YELLOW LIMITED
09/23DEEP YELLOW LIMITED (ASX : DYL) 2021 Annual Report
AQ
09/23DEEP YELLOW : Online communications reminder
AQ
09/20DEEP YELLOW LIMITED(ASX : DYL) added to S&P Global BMI Index
CI
09/15DEEP YELLOW : Summary of terms of listed options
AQ
09/13DEEP YELLOW LIMITED (ASX : DYL) Corporate Presentation HC Wainwright Conference
AQ
09/13Aussie shares gain on boost from Sydney Airport, energy and materials stocks
RE
09/02DEEP YELLOW : Drilling Delivers 102% Direct Conversion to Indicated Resource at Namibia De..
MT
09/01DEEP YELLOW LIMITED (ASX : DYL) Tumas Delivers Impressive Indicated Mineral Resource
AQ
09/01Deep Yellow Limited Announces an Updated Mineral Resource Estimate for the Tumas 1 East..
CI
08/19DEEP YELLOW : Tumas dfs resource upgrade drilling program completed
AQ
More news
Financials
Sales 2021 0,28 M 0,21 M 0,21 M
Net income 2021 -4,82 M -3,49 M -3,49 M
Net cash 2021 51,9 M 37,7 M 37,7 M
P/E ratio 2021 -40,9x
Yield 2021 -
Capitalization 361 M 262 M 262 M
EV / Sales 2020 502x
EV / Sales 2021 653x
Nbr of Employees -
Free-Float 72,4%
Chart DEEP YELLOW LIMITED
Duration : Period :
Deep Yellow Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEEP YELLOW LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1,09 
Average target price
Spread / Average Target -
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
Sector and Competitors
1st jan.Capi. (M$)
DEEP YELLOW LIMITED133.33%262
JSC NATIONAL ATOMIC COMPANY KAZATOMPROM123.78%9 757
CAMECO CORPORATION58.12%7 965
DENISON MINES CORP.101.19%1 074
ENERGY FUELS INC.47.96%936
YELLOW CAKE PLC36.75%715