Deep Yellow Ltd.

Deep Yellow Ltd. advises the successful completion of the Tumas PFS, which confirmed or improved on Scoping Study assumptions based on a uranium price of US$65/lb. Key results: o 11.5 years Life of Mine o post-tax, ungeared NPV8.6 of US$207M o 2.5Mlb U3O8 pa average LOM production o post tax, real, ungeared IRR 21.1% o C1 cash costs US$27.3/lb after by-product vanadium credit Following completion of positive Tumas PFS [...]

Deep Yellow Ltd.'s project portfolio is located in Namibia, a premier uranium mining jurisdiction with a long history of mining. - Dual-pillar growth strategy to establish a multi-platform, 5-10Mlb per annum, low-cost, tier one uranium producer - Led by a standout uranium team o A highly-credentialed and experienced team with proven success in the uranium sector, strong project development, operational and corporate [...]

Deep Yellow Ltd. is pleased to advise that follow-up RC drilling at the Barking Gecko prospect was successfully completed on 30 March 2021. The drilling program comprised 13 holes for a total of 3,211m and focused on testing extensions of the mineralisation discovered in 2020 . HIGHLIGHTS - Follow-up RC drilling at Barking Gecko completed on 30 March 2021 - Drilling program comprised 13 holes totalling 3,213m - 9 holes [...]

Deep Yellow Ltd. is pleased to announce that Managing Director and CEO John Borshoff will present at the H.C. Wainwright Spring Mining Conference on Monday 19 April at 10:30am / 10.30pm . Mr Borshoff will provide an update on the Company's current work activities, including the Tumas Project PFS and DFS, ongoing exploration activities and an overview on the uranium sector. About H.C. Wainwright & Co. H.C. Wainwright is a [...]

Deep Yellow Ltd. completed a highly positive PFS in Jan '21 on the Tumas palaeochannel project, delivering excellent results. The PFS focused on a Langer-Heinrich style open-pit mining operation, with a production capacity of 3Mlb U3O8 per annum with results in line with, and in some cases better than, assumptions from the 2020 Scoping Study, highlighting a strong economic case for Tumas. The DFS is underway to confirm [...]

Deep Yellow Ltd.'s activities for the six-month period to 31 December 2020 continued advancing both the Company's Namibian Projects and completion of the Tumas Pre-Feasibility Study , together with continued M&A efforts. Key achievements: - Tumas PFS completed and presented to the Board in January, post-reporting period, with approval given for commencement of a Definitive Feasibility Study . - Tumas PFS incorporated [...]

Deep Yellow Ltd. is pleased to confirm that the placement announced on 18 February 2021 has been successfully completed. Accordingly, the Company has today issued 62,768,803 ordinary fully paid shares to qualified, institutional, sophisticated and professional investors at A$0.65 per Share to raise approximately $40.8 million . Euroz Hartleys Securities Limited and Aitken Murray Capital Partners Pty Ltd acted as Joint [...]

The Directors of Deep Yellow Ltd. are pleased to announce that the Company has received commitments from qualified, institutional, sophisticated and professional investors to raise approximately A$40.8M through the issue of 62,768,803 fully paid ordinary shares at an issue price of A$0.65 per Share . The Placement was very well received, with demand exceeding the funds the Company sought to raise through the Placement [...]

On 13 November 2020 Deep Yellow Ltd. announced the commencement of a targeted follow-up drilling program at the Barking Gecko prospect to test the thick uranium intersections discovered in TN236RC during the previous drilling program. The program involves 13 RC holes totalling 3,200m. The drilling commenced on 23 November 2020 and two holes were drilled before the Namibian office closed for the festive season. Deep Yellow [...]

Deep Yellow Ltd. is pleased to announce the commencement of the Tumas 3 Reverse Circulation infill drilling program, located on EPL3496 . The Project is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia Ltd . The drill program, due to commence 12 February, will initially focus on Tumas 3 East and West and is part of a larger four-month program that will also extend to drilling of the Tumas 1 [...]