Deep Yellow Limited provides corporate update and project advancements

Deep Yellow Limited (ASX: $DYL) has released a corporate update at the oosa Mining Investor Conference on 19 July 2024. The company, with ASX and NSX (Namibia) listings under the codes DYL and DYLLF respectively, is a global uranium company with a strong financial position and advanced projects in Namibia and Australia. Led by John Borshoff, the Managing Director/CEO, the company is focused on executing its corporate strategy and advancing its projects towards production.

Executive Commentary on Company's Position and Strategy

The company is strongly positioned to become the largest pure-play uranium producer on the ASX, with a production capacity exceeding 7 million pounds per annum. We have a highly experienced team with extensive knowledge across the operational lifecycle, offtake contracting, and project finance complexities. Our focus for the next five years is on execution to production while further growing the global resource base. We are financially disciplined with strong governance, providing a solid platform for production commencement at Tumas and maintaining our growth strategy.

Summary of Corporate Strategy and Project Outlook

Deep Yellow Limited is strategically positioned to capitalize on the global uranium market, with a focus on establishing itself as a leading, reliable, and long-term uranium producer. The company's advanced projects, Tumas and Mulga Rock, are progressing towards production, with Tumas aiming for production commencement in the second half of 2026. The company's strong financial position, experienced leadership, and diversified global projects provide a solid foundation for future growth and production optionality. With a focus on execution and further resource development, Deep Yellow is poised to play a significant role in meeting the increasing global demand for uranium.