Deep Yellow Limited

Deep Yellow Limited was pleased to provide an update to shareholders at the Company’s Annual General Meeting held today.   The Company remains focused and committed to developing its world-class uranium assets and delivering on its development strategy.   See the full presentation below.

Leading uranium developer Deep Yellow Limited his pleased to appoint Mr Zebra Kasete as Managing Director – Namibia, effective 5 January 2026. Mr. Kasete, who will report to the Managing Director and CEO of Deep Yellow, will support the construction of the flagship Tumas Project and be accountable for running the Namibian operations post-construction of Tumas. He will also serve as Deep Yellow’s country head for Namibia and be based in Swakopmund, Namibia. Mr. Kasete is a Namibian mining executive with more than 35 years’ experience, having held senior roles in diverse commodities, including uranium, diamonds, copper and gold. Deep Yellow’s Chief Financial Officer and Acting Chief Executive Officer, Mr. Craig Barnes, welcomed Mr. Kasete to the role: “Zebra’s credentials to be the leader of Tumas are outstanding. We are very pleased to have secured someone with his depth of experience and local knowledge which will be invaluable during the construction of Tumas and into operations.   “His appointment is another important milestone as we put the pieces in place ahead of a final investment decision for Tumas and work toward establishing our flagship project as the fourth uranium mine in Namibia.” https://lnkd.in/g2WmfZp3

Deep Yellow Limited has announced encouraging results at the new Tinkas prospect, which is located within EPL3496 & adjacent to the flagship Tumas Project on ML237. The 105-hole, 1,137 m RC program tested an airborne radiometric anomaly and identified mineralisation with thicknesses up to 11 m from surface. The anomaly coincides with a set of palaeochannels identified through airborne electromagnetics. These palaeochannels are tributaries of the main Tumas palaeochannel, which hosts significant uranium resources on ML237. The exploration target for the Tinkas prospect is considered to be small, although it potentially can add to the current resource base at the Tumas Project and extend beyond the current 30-year Life of Mine. bit.ly/4qGJ42f

Deep Yellow Limited is pleased to release its Quarterly Activities Report for the September quarter, detailing progress across key work streams and ongoing development of the Company’s #uranium assets.   Please see below for full details.

Deep Yellow Limited is pleased to announce excellent results from its recently completed RC drill program at the S-Bend prospect, which is located within the Exclusive Prospecting Licence 3497, adjacent to Company’s flagship Tumas Project. The follow-up drill program comprised of 452 holes for 3,361m. Key results included: - SB0247: 8 m at 332 ppm eU3O8 from 1 m - SB0560: 2 m at 1,217 ppm eU3O8 from surface - SB0147: 5 m at 407 ppm eU3O8 from 1 m - SB0156: 5 m at 367 ppm eU3O8 from 1 m - SB0282: 4 m at 378 ppm eU3O8 from 1 m Deep Yellow will complete further detailed drilling required to delineate a resource base at S-Bend. Importantly, potential to add to the Tumas resource and extend beyond the current 30-year Life of Mine is further enhanced with discoveries being made such as the S-Bend prospect. bit.ly/4nMLytM

Steven Ralston from Zacks Investment Research has released a detailed note on Deep Yellow Limited and the uranium sector, including key takeaways from the 50th World Nuclear Symposium, which was held on September 3-5 in London   In his note, Steven highlights “Deep Yellow is on the threshold of becoming the first greenfield start-up during this uranium cycle. Once the tenor of the current uranium market allows management to prudently make a positive Final Investment Decision. The company is poised to rapidly execute on full-scale development with the construction of the processing plant and the initiation of mining operations.”   Led by a best-in-class uranium team, Deep Yellow is successfully delivering on its vision to become a geographically diverse, +10Mlb pa, multi-mine producer. Through its project portfolio, which is led by the long-life and advanced flagship Tumas Project (Namibia) and Mulga Rock Project (Western Australia), the Company is positioned to deliver uranium in the near term, targeting +7Mlb pa production prior to 2030.   Zacks Investment Research has increased the price target of Deep Yellow to US$2.48   https://bit.ly/4ptbFHE

Deep Yellow Limited MD & CEO John Borshoff was recently in Namibia to attend the 2025 Mining Expo.   John gave a detailed presentation on building and operating uranium mines in Namibia, the critical role uranium will play in the current energy crisis and how he and his sector leading team are building Deep Yellow into a globally diversified, long-term and reliable uranium producer.   John boasts over 50 years of experience in the uranium sector, which includes building two long-life and tier one uranium operations, and this is a presentation all Deep Yellow stakeholders and uranium investors should listen to. https://bit.ly/46X9Yvj

Head of Business Development Andrew Mirco and Head of Project Development Darryl Butcher provided a detailed update on Deep Yellow Limited and the uranium sector at the Diggers & Dealers Mining Forum. Through the Company’s sector leading team, who bring a proven track record of developing and operating long-life uranium operations, Deep Yellow boasts a Deep understanding, Deep expertise & Deep Technical capabilities and is successfully building a Tier-1, globally diversified uranium company https://bit.ly/4foPbD5

Come see the Deep Yellow Limited team at the Diggers & Dealers Mining Forum – Booth 105.   Hear from Andrew Mirco, Head of Business Development, and Darryl Butcher, Head of Project Development, as they share the latest company updates today at 2:00 PM.

Join Deep Yellow Limited at Diggers & Dealers Mining Forum.   Andrew Mirco, Head of Business Development, and Darryl Butcher, Head of Project Development, will be presenting the latest company updates on Tuesday, 5 August at 2:00 PM. Visit the team at Booth 105 anytime during the conference to learn more.