Deep Yellow Ltd (ASX Code: DYL) is an ASX-listed, Namibian-focussed advanced stage uranium exploration company. It also has a listing on the Namibian Stock Exchange (NSX).
DYL’s operations in Namibia are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). RUN holds 100% of two EPLs covering 1,346km2 and five joint venture EPLs covering 1,764km2. All seven tenements are situated in the Namib Naukluft Desert Park inland from Walvis Bay and south and west of Paladin’s Langer Heinrich Mine. Its flagship is the high grade alaskite Omahola Project, where mining studies during the year under review concluded that a heap leach development strategy should have superior economics over a tank leach. Further studies are being conducted and metallurgical testwork is being planned, which is required to demonstrate the technical feasibility of a heap leach project. A processing trade-off study for the Tubas Sand Project was also completed during the year, and geological mapping followed up on new exploration targets that were identified in the previous year’s successful prospectivity analysis.
Further information on DYL can be found at www.deepyellow.com.au.