Deep Yellow Limited (DYLLF) December 2022 Quarterly Activities Report

Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is pleased to provide an update on key activities completed in the December quarter.

HIGHLIGHTS

- Tumas Project (Tumas) - Definitive Feasibility Study (DFS) completed and draft document under internal review by management and Board. DFS remains on schedule for completion in February 2023.

- Mulga Rock Project (MRP) - Program progressing to assess potential Project value-uplift by evaluating recovery of critical minerals.

- Alligator River Project (ARP)- Sampling and density determinations in support of Mineral Resource update completed.

- Omahola Basement Project (Omahola) - Completion of two-stage, 10,000m follow-up RC drill program, with positive results delivered and 3 new targets identified.

- Appointment of experienced resources and energy executive Ms Victoria Jackson as independent Non-Executive Director.

- Strong balance sheet with cash of $56 million.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/M21XB05W

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

Media:
Cameron Gilenko
T: +61-466-984-953
e: cgilenko@citadelmagnus.com

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