Namibian Scholars Investment Challenge 2024
Resources Drilling Grows Tumas Towards +30 Year for Life-of-Mine

Deep Yellow Limited
Registration No. ABN 97 006 391 948
Registered as an external company in Namibia
ISIN Code: AU000000DYL4
NSX Share Code: DYL


RESOURCE DRILLING GROWS TUMAS TOWARDS +30 YEAR LIFE-OF-MINE


HIGHLIGHTS

   •   Tumas 3 Mineral Resource upgraded to 66.8Mlb at 300ppm eU3O8
   •   Indicated Mineral Resources upgraded to 60.6Mlb at 325ppm eU3O8

   •   Total Indicated Mineral Resources of Tumas MLA increased to 108.5Mlb at265ppm eU3O8

   •   MRE upgrade a result of the two-phase 235-hole, 8,017m RC resource and infill drill program
       completed in September

   •   Tumas Project successfully advancing towards targeted +30-year Life of Mine(LOM)


   •   Further resource drilling is planned to the west of Tumas 3 during FY25, withDeep Yellow focused
       on identifying a further 30Mlb to achieve a 30+year LOM



The full announcement can be viewed at the following link:
https://deepyellow.com.au/wp-
content/uploads/ResourceDrillingGrowsTumasTowardsPlus30YearLOM29Nov23.pdf


JOHN BORSHOFF
Managing Director/CEO
Deep Yellow Limited

29 November 2023


Registered Office
Reptile Uranium Namibia (Pty) Ltd
Registration no. 2004/511
48 Hidipo Hamutenya Street
Swakopmund
Namibia


Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th floor 1@steps, C/O Grove and Chasie Street
Kleine Kuppe
P O Box 186, Windhoek, Namibia
Registration No. 95/505

Date: 29-11-2023 10:30:00
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Namibian Stock Exchange Contacts

Tiaan Bazuin – Chief Executive Officer
Alexandrea Ullrich – Chief Financial Officer
Johene Saal – Chief Information Officer
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Namibian Stock Exchange
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Fax: +264 61 248 531
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