Deep Yellow Limited: Investor Update - April 2017
Perth - Deep Yellow Ltd. (ASX:DYL) (OTCMKTS:DYLLF) will be presenting the attached presentation to investors this week following the recent announcement of the landmark farm-in by Japan Oil, Gas and Metals National Corporation (JOGMEC) to the Nova Joint Venture in Namibia.Overview
- New management & core team in place
o Revitalised investor base with greater international interest
o Key alliance with Sprott Group to support the company's growth ambitions
- Major strategic review of company completed
o Share consolidation completed - share base now more conducive for growth
o Conditions right to deliver shareholder growth through contrarian acquisitions
- New direction and impetus for existing Namibian projects
o Targeting a major discovery of a Rossing or Langer Heinrich style deposit
o Highly significant new JV agreement with Japanese partner JOGMEC
- Deep Yellow differentiated from all other mid-sized U companies
o Unrivalled "A to Z" uranium knowledge and proven sector experience
o Strong support from JV partners and investors for accretive growth strategy
A unique and successful track record of building and developing a multi-mine uranium producer from the beginnings as a small explorer
Vision for Growth
- Deep Yellow has a clear, dual strategy running in parallel
o Focus on increasing the value of existing exploration projects in Namibia
o Build a future multi-project global uranium platform through accretive acquisitions
- Extract full value from the potential that exists in Namibia
o Multiple opportunities for discoveries and resource upside within existing tenements
o Premier uranium mining jurisdiction with transparent regulatory framework
- Develop a global pipeline with growth and optionality
o Current assets span early stage discovery and resource expansion opportunities
o Objective is to develop a project pipeline with multiple, phased development options
- Create a genuine independent alternative supplier for utilities
o Maintain a register of supportive, long-term investors that share our vision
o Partner with high calibre organisations where value can be created for both sides
o A core team that has "been there, done that" across the uranium project life cycle
o Give utilities confidence in the ability to be a dependable uranium supplier of choice
World Class Team
- New Management team led by Managing Director John Borshoff
o Took Paladin Energy from a small explorer into the only independent, multi-mine producer in the last uranium cycle
o Possesses the necessary leadership and capability to succeed in an increasingly complex technical environment from exploration / resource development / design to uranium mining and product marketing - an "A to Z" expertise - unique amongst non-producers
o Core team is already in place with the intention to scale-up in line with activities
o Utilisation of a deep and established global uranium and nuclear industry network
Key technical achievements include
- Successful exploration, construction and production developing two modern, conventional uranium mines and establishing an extensive global project portfolio
- A high degree of innovation, including utilising first modern applications of alkaline leach extraction and resin-in-pulp extraction processes
To view the presentation, please visit:
http://abnnewswire.net/lnk/4Y16FR67
About Deep Yellow Limited:
Deep Yellow Ltd. (ASX:DYL) (OTCMKTS:DYLLF) is an ASX-listed, Namibian-focussed advanced stage uranium exploration company. It also has a listing on the Namibian Stock Exchange (NSX.DYL). Deep Yellow's operations in Namibia are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd.
The Company recently completed metallurgical testwork and is evaluating fast track development options for its Tumas Project which consists of surficial calcrete palaeochannel deposits which are amenable to physical beneficiation and upgrading techniques.
Deep Yellow also holds the Omahola Open Pit Alaskite Heap Leach Project on which value engineering studies are being conducted to supplement the recently completed preliminary economic analysis.
Contact:
John Borshoff Managing Director/CEO
T: +61-8-9286-6999
F: +61-8-9286-6969
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au