Deep Yellow Limited (DYLLF) Quarterly Activities Report for the Period Ending 30 September 2024

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

HIGHLIGHTS

Tumas Project

- Tumas 1, 2 and 3 Measured Mineral Resource upgraded to 38.5 Mlb at 286 ppm eU3O8

- Tumas Total Measured and Indicated Mineral Resource now stands at 106.2 Mlb grading 264 ppm eU3O8

- Tumas has advanced as follows

o Detailed engineering work and project financing is progressing positively

o Process flowsheet and layout is determined - a major milestone for the Project

o Project execution controls and systems largely established

o Conditional offer of supply for water received

o New supply point for electrical power agreed with NamPower, subject to final documentation which is approximately half the distance from the Project area compared to previous supply point

- On track to make a Final Investment Decision in late Q4 2024

Mulga Rock Project

- Extensive hydrogeological drilling program including 33 water bores completed

- Large core drilling program for bulk samples for metallurgical mini-pilot work program underway

- Pilot metallurgical testwork successfully completed

Corporate

- Appointment of Craig Barnes as Chief Financial Officer and Jim Morgan as Head of Project Delivery

- Global nuclear outlook continues to strengthen with hyper-scalers taking the lead

- Cash position at end of September 2024 quarter $247.3M

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/P92O2D9T

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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