Deep Yellow Limited (ASX:DYL) March Quarterly Activities Report
Key results:
o post-tax, ungeared NPV8.6(nominal) of US$207M (A$276M)
o 2.5Mlb U3O8 pa average LOM production
o post tax, real, ungeared IRR 21.1%
o C1 cash costs US$27.3/lb after by-product vanadium credit
Following completion of positive Tumas PFS, the Board approved proceeding directly to a Definitive Feasibility Study, scheduled for completion by end CY2022. Infill resource upgrade drilling in support of the DFS continues at Tumas 3, with 156 RC holes for 2,742m drilled by end March.
Best intersections included:
o T3I523 4m at 490ppm eU3O8 from 6m