Deep Yellow Limited (DYLLF) June 2024 Quarterly Activities Report

Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is pleased to provide a summary of key activities completed in the June 2024 quarter.

Tumas Project

- Ausenco Services Pty Ltd selected as preferred EPCM contractor for the flagship Tumas Project

o Scope of work to be completed includes finalising detailed engineering with an EPCM contract opportunity for project execution

o Project remains scheduled for commissioning Q3 2026

- Resource upgrade drilling at Tumas 3 completed with data preparation underway for release of updated Mineral Resource Estimate early August

- Post Quarter - Nedbank Limited mandated as lead arranger and bookrunner for project financing

Mulga Rock Project

- Hydrological drilling program commenced to define water management parameters for mining

- Several remaining evaluation programs underway, results to be key inputs for the revised DFS

o Resin pilot program commenced for optimisation of uranium and critical minerals extraction

o Mining study underway to determine optimal method for development of the multi-commodity mining operation and revised Ore Reserve Estimate

Corporate

- Deep Yellow enters the S&P/ASX 200 Index

- Successful A$250M capital raising completed

- Cash position - A$257.5M

*To view the full quarterly report with tables and figures, please visit:
https://abnnewswire.net/lnk/D8BLH388

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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