Deep Yellow Limited (ASX:DYL) Proceeding with Tumas DFS Following Positive PFS
Proceeding with Tumas DFS Following Positive PFSPerth, Feb 10, 2021 AEST (ABN Newswire) - Deep Yellow Limited ( OTCMKTS:DYLLF) is pleased to announce the completion of the Tumas Pre-Feasibility Study (PFS). The PFS evaluated the potential of the calcrete-associated uranium deposits located within the Tumas palaeochannel (Tumas Project or Tumas) in the Company's 100% owned Reptile Project (EPLs 3496 and 3497), located in Namibia, (see Figure 1*). Importantly, the PFS has delivered encouraging results, in line with the assumptions determined and announced from the preceding Scoping Study (SS) that was completed in January 2020. The SS was a critical milestone which identified a project with clear potential to meet the Company's publicly stated investment criteria of: