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Deep Yellow Limited (ASX:DYL)

ALERT: Price-sensitive ASX Announcement for DYL
Current share price for DYL : $1.400 -0.565 (-28.75%)+
Announcement
Release
23 Apr 2026 8:11AM
Price at Release
$1.965
Full Release
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Summary
In 2026, Deep Yellow Limited focused on evaluating the S-Bend Prospect and Aussinanis Project in Namibia for calcrete mineralisation. The Alligator River Project in Northern Territory, a significant uranium exploration area, saw advancements with the interpretation of a 2D reflection seismic survey at the Condor Prospect. This survey revealed several prospective faults, leading to the identification of five priority drill targets. Deep Yellow plans to commence drilling in Q2 2026, supported by the Northern Territory Government's funding. The company's strategy involves integrating geophysical data to enhance future exploration efforts.
Key Points
  • Focus on S-Bend Prospect and Aussinanis Project in Namibia.
  • Alligator River Project is a major uranium exploration area.
  • Progress in 2D reflection seismic survey at Condor Prospect.
  • Identification of five priority drill targets.
  • Planned drilling in Q2 2026 with government support.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.