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Deep Yellow Limited ( (AU:DYL) ) has provided an update.
Deep Yellow Limited’s quarterly activities report highlights significant progress in its flagship Tumas Project in Namibia, with detailed engineering and infrastructure advancements aimed at commencing production by Q3 2027. The company also reports successful drilling results at the S-Bend prospect, potentially extending the project’s life beyond 30 years. In addition, the Mulga Rock Project in Australia is advancing with successful mini-pilot resin testwork, and the Alligator River Project has completed fieldwork with ongoing drilling. Corporate updates include a strong cash balance and leadership changes, with John Borshoff stepping down as Managing Director.
The most recent analyst rating on (AU:DYL) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.
More about Deep Yellow Limited
Deep Yellow Limited operates in the uranium mining industry, focusing on the exploration and development of uranium projects. The company is primarily engaged in projects located in Namibia and Australia, with a market focus on addressing supply deficits in the uranium market.
Average Trading Volume: 4,768,544
Technical Sentiment Signal: Buy
Current Market Cap: A$1.83B
For detailed information about DYL stock, go to TipRanks’ Stock Analysis page.