DYL 3.28% 29.5¢ deep yellow limited

announcement out - great news

  1. 5,371 Posts.

    Advanced stage uranium explorer Deep Yellow Limited (ASX: DYL) is pleased to announce
    that its 65% owned Namibian subsidiary, Nova Energy (Namibia) (Pty) Ltd (Nova) has received
    confirmation that its Exclusive Prospecting Licences (EPL’s) 3668, 3669 and 3670 have, for the
    second time, been renewed in full for a further two years to 20 November 2013 (see Figure 1).
    Nova’s other shareholders are Toro Energy Limited (ASX: TOE) (25%) and empowerment
    partner Sixzone Investments (Pty) Ltd (10%).
    Deep Yellow Managing Director Greg Cochran was clearly pleased with the news. “These
    renewals were important to ensure that DYL maintains its unrivalled premier landholding holding
    position in Namibia. The highly prospective ground, contiguous to our own 100% owned EPLs and
    surrounded by those of Swakop Uranium and Langer Heinrich Uranium, as well as Bannerman’s
    Etango deposit and the Rio Tinto-Pitchstone Exploration Dome Project, have significant potential.
    Last year’s Pizzaro discovery by Swakop Uranium, located directly in between DYL’s INCA deposit
    and Nova EPL 3669, only served to reinforce our confidence in the region.”
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