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Deep Yellow Limited (ASX:DYL) June Quarterly Activities Report

Perth, Australia, July 24, 2019 - (ABN Newswire) - Deep Yellow Limited (ASX:DYL.AX - News) (HAM:JMI.HM - News) (OTCMKTS:DYLLF - News) provide the June Quarterly Activities Report

HIGHLIGHTS

REPTILE PROJECT

- Drilling at Tumas 1 East identified 3km of continuous mineralisation in Tributary 5.

- 60km of uranium-fertile palaeochannel targets remain to be properly tested (only 50% of target evaluated to date).

- 11,000m RC drilling approved for FY20 on Reptile Project. - Follow-up drilling at Tumas 1 East commenced in July.

NOVA JV PROJECT

- Annual JV budget of A$1.05M to March 2020 approved by JOGMEC.

- 7,000m drilling program commencing early August.

CORPORATE - Post Quarter

- $11.29M successfully raised via Placement and Share Purchase Plan to advance growth strategy.

- President Trump rejects Section 232 petition.

To view the quarterly report, please visit:
http://abnnewswire.net/lnk/6WLOUM7K


About Deep Yellow Limited:

Deep Yellow Limited (ASX:DYL.AX - News) (OTCMKTS:DYLLF - News) (Namibian Stock Exchange:DYL) is a specialist differentiated uranium company implementing a new contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.

Contact:

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

Source:

Deep Yellow Limited

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