Deep Yellow Limited (ASX:DYL) Proceeding with Tumas DFS Following Positive PFS
Proceeding with Tumas DFS Following Positive PFSPerth, Feb 10, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
OTCMKTS:DYLLF) is pleased to announce the completion of the Tumas Pre-Feasibility Study (PFS).
The PFS evaluated the potential of the calcrete-associated uranium deposits located within the Tumas palaeochannel (Tumas Project or Tumas) in the Company s 100% owned Reptile Project (EPLs 3496 and 3497), located in Namibia, (see Figure 1 ).
Importantly, the PFS has delivered encouraging results, in line with the assumptions determined and announced from the preceding Scoping Study (SS) that was completed in January 2020.
The SS was a critical milestone which identified a project with clear potential to meet the Company s publicly stated investment criteria of:
Deep Yellow Limited (ASX:DYL) Named in 2021 OTCQX Best 50 Rankings
Named in 2021 OTCQX Best 50 RankingsPerth, Jan 29, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
OTCMKTS:DYLLF) is pleased to announce that the Company has been named in the 2021 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market In 2020.
The premium QTCQX Market is operated by OTC Markets Group. Companies listed on the QTCQX are required to meet stringent financial standards and adhere to regulatory and compliance laws. Currently, there are 462 companies from 25 countries listed on the QTCQX, with a combined market capitalisation of $1.6 Trillion.
Deep Yellow joined the OCTQB market in June 2018 and was elevated to the OTCQX platform in October 2018, both US based market platforms.
Deep Yellow Limited (ASX:DYL) December Quarterly Activities Report
OTCMKTS:DYLLF) completed the second phase of the September/October RC drilling program at the Tumas 3 deposit, located on EPL3496 (Figure 1 ) in October (ASX announcement 29 October 2020). The project is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN).
The second phase of the drilling program targeted the peripheral zones of the Tumas 3 deposit, to clearly define the edges of the uranium mineralisation along and across the palaeochannel to assist reserve estimation.
Drill results along the margins of the deposit exceeded expectations, with 57% of the 53 holes completed returning uranium mineralisation greater than 100ppm eU3O8 over 1m, and 34% returning uranium mineralisation greater than 200ppm eU3O8 over 1m.