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Deep Yellow Ltd.
Summary
| Project: | Tumas | |
|---|---|---|
| Deposit: | Tumas | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 1/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 21-1-2020: Deep Yellow Ltd. announces a Scoping Study report for its Tumas deposit at the Tumas project. Scoping study completed on the Tumas palaeochannel. Deep Yellow Limited (Deep Yellow or the Company) is pleased to announce the completion of a Scopin | |
| Resources: | ||
| CP/QP: | [Resources]: Martin Hirsch (Reptile Mineral Resources Pty Ltd.) | |
| ABSTRACT: | Deep Yellow Limited (Deep Yellow or the Company) is pleased to announce the completion of a Scoping Study focused on the Reptile Project Tumas palaeochannel calcrete deposits. Importantly, the Tumas Scoping Study has delivered encouraging results, which provided the Board with the confidence to proceed directly to a Pre-Feasibility Study. The Board has made this decision to proceed to a Pre-Feasibility Study based on the economic benchmarks indicated in the Tumas Scoping Study. In view of the stipulations in the ASX interim guidance: Reporting Scoping Studies (November 2016) and the Deep Yellow use of predominantly Inferred Resources on which to base the economic outcomes, the Company is prohibited in divulging any production targets and associated financial parameters hence the qualified, cautionary nature of the release that follows. The Tumas palaeochannel system is located within the Company’s 100% owned Reptile Project (EPLs 3496 and 3497) in Namibia, (see Figure 1). At the commencement of the exploration campaign, initiated in 2016 by the new management team, the Company announced an Exploration Target1 of between 100Mlb to 150Mlb in the grade range of 300ppm to 500ppm U3O8 for the Reptile projects. | |
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