Tumas project
o The phased development of the Tumas project is progressing well:
– Detailed engineering more than 60% complete
– Bulk earthworks 24% complete
– Power supply agreement executed
– Independent technical expert report successfully completed for project debt financing
Namibia exploration
o A reverse circulation drilling program at the Tinkas Prospect, adjacent to the Tumas Project, identified uranium mineralization with thicknesses up to 11 m from surface
o Long-range exploration drilling to evaluate the Tumas Palaeo Channel west of the Tumas Project, with a total of 39 holes over a length of 1,801 m, completed in November 2025
Mulga Rock Project
o Ground gravity and passive seismic survey completed in October 2025
o Trade-off studies as a basis for the final feasibility study underway following the successful pilot programs reported last quarter
Alligator River Project
o 10 diamond core holes for 2,754 m and 9 reverse circulation holes for 1,906 m completed in November 2025
o Extensive hydrothermal alteration system identified at Q14 anomaly (Southern Flank Corridor) that shares important features with Nabarlek and Angularli deposits
Commercial
o Group cash balance at December 31, 2025 of A$187.1 million
o Mr. Greg Field will be appointed Managing Director and Chief Executive Officer of Deep Yellow on December 2, 2025 and will join the company on February 2, 2026
o Mr. Zebra Kasete appointed Managing Director – Namibia on November 13, 2025
*For the full quarterly report, please visit:
https://abnnewswire.net/lnk/53D3KSK4
About Deep Yellow Limited:
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully developing a two-pronged growth strategy to create a globally diversified, leading uranium company producing more than 10 million pounds per year. The company’s portfolio consists of two advanced projects in Tier-1 uranium mining jurisdictions: the flagship Tumas in Namibia and Mulga Rock, Western Australia.
Deep Yellow’s future growth is supported by its highly prospective exploration portfolio – Alligator River, Northern Territory and Omahola, Namibia, with continued M&A focused on high quality assets, should opportunities arise that best suit the company’s strategy. Led by a best-in-class team of proven uranium mine builders and operators, the company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the medium to long term to provide baseload power and achieve zero emissions targets. Importantly, Deep Yellow is on track to become a reliable, long-term uranium producer, capable of providing production optionality, security of supply and geographic diversity.
Source:
Deep yellow limited
Contact:
Investors:
Craig Barnes
Acting General Manager
T: +61 8 9286 6999
E: info@deepgold.com.au
Media:
Cameron Gilenko
T: +61-466-984-953
e: cgilenko@citadelmagnus.com
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