Deep Yellow Ltd (ASX Code: DYL), is an advanced stage uranium exploration company with a portfolio of exploration projects in the southern African nation of Namibia and in Australia. It also has a listing on the Namibian Stock Exchange (NSX).
DYL’s focus is in Namibia where its operations are conducted by its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). RUN holds 100% of four EPLs covering 2,872km² and three joint venture EPLs covering 1,323km² (in which it has earned 65% from Nova Energy (Namibia) (Pty) Ltd). 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 Omahola Project currently under Pre-Feasibility Study with concurrent resource drill-outs on the high grade Ongolo – MS7 Alaskite trend. It is also evaluating a stand-alone project for its low grade Tubas Sand uranium deposit utilising physical beneficiation techniques it successfully tested in 2011.
In Australia the company owns the Napperby Uranium Project and numerous exploration tenements inthe Northern Territory and the Mount Isa District in Queensland.
Further information on DYL can be found at www.deepyellow.com.au.