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    DYL   AU000000DYL4

DEEP YELLOW LIMITED

(DYL)
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Deep Yellow Limited June Quarterly Activities Report

07/19/2021 | 09:20pm EDT

Deep Yellow Limited (ASX:DYL) June Quarterly Activities Report

Perth, Australia (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) announce the June Quarterly Activities Report.

HIGHLIGHTS

- Tumas Definitive Feasibility Study progressing well and on schedule for completion in December quarter 2022

- Tumas Project Environmental Impact Assessment Scoping Report delivered to Namibian Government agencies and Mining Licence Application will be submitted by end of July 2021

- Infill resource upgrade RC drilling at Tumas 3 completed in support of the DFS, with 755 holes drilled in the quarter for 14,955m

- Completion of drilling at Tumas 3 West finalises broader Tumas 3 RC infill program with 911 holes completed for 17,679m

- Notable intersections from this program include:

o T3I930 10m at 1,945ppm eU3O8 from 28m
o T3I963 8m at 2,242ppm eU3O8 from 10m
o T3I973 9m at 1,897ppm eU3O8 from 7m
o T3I459 7m at 997ppm eU3O8 from 4m
o T3I756 6m at 688ppm eU3O8 from 17m

- Infill resource upgrade drilling program continuing at Tumas 1 East and expected to be completed late July 2021

- $1.1M annual budget for 2021/22 agreed for Nova JV, with $580,000 approved for 3,500m RC drilling program commenced in July targeting promising results at Barking Gecko

- Deep Yellow strengthens its Board and Executive Management through the appointment of Mr Chris Salisbury as Chairman and Andrew Mirco as Head of M&A

- Deep Yellow added to MSCI Global Market Cap Index

- Strong cash balance of $52.4M at quarter end, with 51M 50c options remaining to be exercised

To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/NAS22H17



About Deep Yellow Limited:

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.



Source:
Deep Yellow Limited



Contact:

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

ę ABN Newswire 2021
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Financials
Sales 2021 0,23 M 0,16 M 0,16 M
Net income 2021 -4,52 M -3,27 M -3,27 M
Net Debt 2021 - - -
P/E ratio 2021 -83,0x
Yield 2021 -
Capitalization 456 M 331 M 330 M
Capi. / Sales 2021 2 007x
EV / Sales 2022
Nbr of Employees -
Free-Float 72,4%
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Last Close Price 1,37 
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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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