Deep Yellow Limited (ASX:DYL) Quarterly Activities Report for the Period Ending 30 September 2017

Perth, Oct 23, 2017 AEST (ABN Newswire) - Deep Yellow Limited (ASX:DYL) (DYLLF:OTCMKTS) provides the Company's Quarterly Activities Report for the period ending 30 September, 2017.

HIGHLIGHTS

- Tumas 3 discovery returns an impressive maiden mineral resource estimate of 23.5Mlb at 382ppm eU3O8 as inferred resources.

- Maiden resource contributes a significant 47% improvement to the existing palaeochannel related mineral resource base occurring on the Reptile Project.

o this significantly advances the project toward achieving stated objectives

- Tumas 3 result fully supports the high prospectivity of the 125km of palaeochannel target that has been delineated of which 100km remains to be tested.

- Early scout RC drilling on the Nova JV project identifies greater than 100ppm eU3O8 calcrete uranium mineralisation in a newly delineated palaeochannel.

o highlights increasing prospectivity and adds another 70km of untested palaeochannels.

To view the full report, please visit:
http://abnnewswire.net/lnk/2675O0G9


About Deep Yellow Limited

Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, leading uranium company producing 10+ Mlb pa. The Company's portfolio consists of two advanced projects in Tier-1 uranium mining jurisdictions - flagship Tumas in Namibia and Mulga Rock, Western Australia. 

Deep Yellow's future growth is underpinned by its highly prospective exploration portfolio - Alligator River, 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.

   

Contact

John Borshoff Managing Director/CEO T: +61-8-9286-6999 F: +61-8-9286-6969 Email: john.borshoff@deepyellow.com.au www.deepyellow.com.au