Deep Yellow Limited (DYL) AI Stock Analysis

• Market Cap: $2.60B
• Dividend Yield: N/A
• Average Volume (3M): 5.36M
• Price to Earnings (P/E): 337.8
• Beta (1Y): 2.46
• Revenue Growth: -100.00%
• EPS Growth: N/A
• Country: AU
• Employees: 25
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): >-0.01
• Shares Outstanding: 974,669,500
• 10 Day Avg. Volume: 7,444,738
• 30 Day Avg. Volume: 5,358,238
• PEG Ratio: -1.46
• Price to Book (P/B): 2.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -36.23
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -3.09K
• Enterprise Value/Ebitda: -1.09K
• 1Y Price Target: $2.02
• Price Target Upside: -19.15% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$2.50 ▲(0.00% Upside)

The score is primarily supported by a strong, low-debt balance sheet, but is held back by pre-revenue/weak operating performance and deeply negative free cash flow. Technicals are bullish on trend but look overbought, while valuation is a meaningful headwind due to the extremely high P/E and lack of dividend support.

Positive Factors

Low leverage and expanding equity

Very low leverage and meaningful equity expansion provide durable financial flexibility for a development-stage uranium company. This reduces refinancing risk across long multi-year project timelines, supports funding for exploration/permits, and cushions commodity or project setbacks.

Multi-jurisdiction project pipeline

Having material projects in Namibia and Western Australia diversifies geological and permitting risk and creates optionality for staged development. Multiple development assets increase chances of advancing at least one into production across different regulatory and market windows.

Operating cash flow turned positive in FY2025

A shift to positive operating cash flow indicates improving operational discipline and progress in converting development activities into operating inflows. Over the medium term this trend can extend runway, reduce near-term funding reliance, and improve project finance prospects if sustained.

Negative Factors

Effectively pre-revenue company

Zero reported revenue means the business lacks recurring commercial cash inflows; long-term value depends on successful project development and commodity pricing. This creates material execution and timing risk and makes future returns contingent on capital markets and project delivery.

Deeply negative free cash flow

Persistent, worsening negative free cash flow reflects ongoing heavy investment that is not yet self-funded. Over a 2-6 month horizon this structural cash burn implies continued need for external funding, raising dilution or leverage risk and pressuring long-term capital allocation.

Operating losses and low-quality earnings

Sizable operating losses indicate the core business is not generating sustainable profits; any reported net income appears driven by non-operating items. This weak operating profile undermines durable creditworthiness and makes future profitability dependent on complex project execution.

Deep Yellow Limited Business Overview & Revenue Model

Company Description

Deep Yellow Limited, together with its subsidiaries, operates as a uranium exploration company in Namibia. The company holds a 100% interest in the Reptile project, which covers an area of 896 square kilometers (km2); 65% interest in the Nova Joint Venture covering an area of 599 km2; and 85% interest in the Yellow Dune Joint Venture covering an area of 190 km2. It is also involved in the iron ore exploration and property investment businesses. Deep Yellow Limited was incorporated in 1985 and is headquartered in Subiaco, Australia.

How the Company Makes Money

Deep Yellow Limited generates revenue primarily through the exploration and development of uranium projects with the aim of producing and selling uranium to the global nuclear energy market. The company invests in extensive exploration activities to expand its resource base, after which it seeks to develop these resources into economically viable mining operations. Revenue is expected to be generated from the sale of uranium once production commences. In addition to its core exploration and development activities, Deep Yellow may engage in strategic partnerships, joint ventures, and potential licensing agreements to enhance its project development capabilities and market reach. These partnerships can provide additional funding, technical expertise, or access to new markets, contributing to the company's earnings potential.

Deep Yellow Limited Financial Statement Overview

Summary

Balance sheet strength (low leverage and growing equity) is a major positive, but operating fundamentals are weak: FY2025 revenue fell to zero and operating losses persist. Operating cash flow improved to positive in FY2025, yet free cash flow is deeply negative, implying continued funding needs.

Income Statement

The company remains effectively pre-revenue, with revenue falling to zero in FY2025 (from a very small base previously), which limits visibility into the core earnings power. Operating profitability is weak, with persistent negative operating results across most years and FY2025 showing a sizable operating loss. A key positive is FY2025 net income turning positive, but given the lack of revenue and continued operating losses, earnings quality appears reliant on non-operating items rather than sustainable operations.

Balance Sheet

The balance sheet is a clear strength: leverage is very low, with debt representing a minimal portion of equity, and equity has grown substantially versus earlier years. Total assets and equity expanded meaningfully over the period, providing financial flexibility for a development-stage uranium company. The main weakness is that returns on equity have been mostly negative (improving to modestly positive in FY2025), reflecting that the asset base is not yet generating consistent operating returns.

Cash Flow

Cash flow performance is mixed. Operating cash flow turned positive in FY2025 after multiple years of cash burn, which is a constructive near-term shift. However, free cash flow remains deeply negative and materially worsened in FY2025, indicating heavy ongoing investment/spend that is not yet supported by recurring operating inflows. Overall, cash generation is not yet self-funding despite the recent improvement in operating cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	15.95K	38.46K	51.57K	56.13K
Gross Profit	-718.31K	-352.09K	15.95K	38.46K	51.57K	56.13K
EBITDA	-2.04M	-2.21M	-9.72M	-9.10M	-6.46M	-4.57M
Net Income	7.16M	7.16M	-10.64M	-10.12M	-6.83M	-4.82M
Balance Sheet
Total Assets	645.87M	645.87M	625.08M	391.67M	120.92M	97.87M
Cash, Cash Equivalents and Short-Term Investments	217.37M	217.37M	257.50M	41.25M	65.36M	52.54M
Total Debt	3.27M	3.27M	3.57M	3.83M	3.86M	536.66K
Total Liabilities	12.69M	12.69M	10.44M	17.03M	5.74M	1.57M
Stockholders Equity	633.18M	633.18M	614.64M	374.64M	115.18M	96.30M
Cash Flow
Free Cash Flow	-45.19M	-45.19M	-20.70M	-33.15M	-12.35M	-6.42M
Operating Cash Flow	4.60M	4.60M	-3.58M	-5.23M	-3.74M	-2.49M
Investing Cash Flow	33.50M	33.50M	-102.00M	-18.04M	-8.61M	-3.92M
Financing Cash Flow	1.48M	1.48M	242.28M	-225.59K	24.87M	46.23M

Deep Yellow Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DYL, the sentiment is Positive. The current price of 2.5 is above the 20-day moving average (MA) of 2.34, above the 50-day MA of 2.00, and above the 200-day MA of 1.73, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 58.69 is Neutral, neither overbought nor oversold. The STOCH value of 50.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DYL.

Deep Yellow Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
PDN	55 Neutral	AU$6.10B	-70.39	-6.47%	―	―	-163.65%
BMN	55 Neutral	AU$886.75M	-155.69	-2.73%	―	―	60.83%
DYL	53 Neutral	$2.60B	337.84	1.08%	―	-100.00%	―
AEE	49 Neutral	AU$193.17M	-10.73	-26.26%	―	―	-75.25%
BKY	46 Neutral	AU$256.62M	-46.72	-6.30%	―	―	-67.12%
ERA	37 Underperform	AU$1.22B	―	―	―	-100.00%	98.06%

Deep Yellow Limited Corporate Events

Deep Yellow Appoints Gregory Field to Board with No Initial Shareholding

Deep Yellow Limited has notified the ASX that Gregory Field has been appointed as a director of the company effective 2 February 2026. According to the initial director’s interest notice, Field does not currently hold any securities or contractual interests in the company, signalling that he joins the board without an immediate equity stake or related-party contractual ties.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Reshapes Leadership as Long-Serving Executive Director Steps Down

Deep Yellow Limited announced the resignation of Executive Director Gillian Swaby, effective immediately, with Swaby to remain as a consultant until the end of February 2026 after a 20-year tenure in which she played a central role in advancing the company’s flagship Tumas and Mulga Rock uranium projects and in positioning Deep Yellow as a leading ASX-listed uranium stock. The company simultaneously confirmed that Greg Field has commenced as Managing Director and CEO, marking a key leadership transition as Deep Yellow pursues its strategy to become a major, globally diversified uranium producer at a time of rising strategic importance for nuclear energy and uranium supply security.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Seeks ASX Quotation for 515,000 New Ordinary Shares

Deep Yellow Limited has applied to the Australian Securities Exchange for quotation of 514,877 new ordinary fully paid shares, issued on 16 January 2026. The modest share issue, arising from the exercise or conversion of existing securities, will marginally increase the company’s listed capital base and may slightly enhance liquidity for investors without indicating any broader change in strategy or operations.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Flags Lapse of 309,216 Performance Rights

Deep Yellow Limited has notified the ASX of the cessation of 309,216 performance rights, which lapsed on 5 January 2026 after the conditions attached to these rights were not met or became incapable of being satisfied. The lapse of these conditional securities marginally reduces the company’s potential future equity dilution and may reflect performance or market conditions tied to those rights, with limited immediate operational impact but some implications for employee or executive incentive structures and overall capital management.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Adjusts Capital Structure with Issue and Lapse of Performance Rights

Deep Yellow Limited has issued 514,877 fully paid ordinary shares following the exercise of an equivalent number of performance rights under its Awards Plan, while 309,216 performance rights have lapsed in accordance with the same plan. The move results in a modest change to the company’s capital structure and reflects ongoing operation of its equity-based incentive arrangements, with implications for existing shareholders through a slight increase in shares on issue and a reset of unvested performance rights for eligible participants.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Reports Quarterly Cash Outflow as Uranium Development Spending Rises

Deep Yellow Limited reported a net cash outflow from operating activities of A$15.8 million for the quarter ended 31 December 2025, driven mainly by A$14.0 million in development expenditure, alongside staff and corporate costs partially offset by interest income and an earlier R&D grant. Investing activities consumed a further A$4.1 million, largely for exploration and evaluation, while modest proceeds from equity issues of A$2.9 million supported a closing cash balance of A$186.4 million, indicating that the company remains well funded to advance its exploration and development pipeline despite continued negative operating and investing cash flows.

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.

Deep Yellow Brings New CEO Greg Field Onboard Ahead of Key Tumas Uranium Decisions

Deep Yellow Limited has confirmed that newly appointed Managing Director and Chief Executive Officer Greg Field will commence in the role on 2 February 2026, earlier than initially expected, as the company approaches key decisions on its flagship Tumas uranium project and other developments in its portfolio. Executive Chair Chris Salisbury highlighted that Field’s leadership and experience will be central to navigating these critical project milestones, while Acting CEO Craig Barnes, credited for effectively steering the company through the leadership transition, will return to his position as Chief Financial Officer once the new chief executive assumes office, underscoring a return to a stable executive structure at a strategically important time for the company.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$1.85 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Refocuses Uranium Exploration After Mixed Results at Tumas Palaeochannel

Deep Yellow Limited reported exploration results for the December 2025 quarter across its key uranium projects in Namibia and Australia, confirming the presence of the Tumas palaeochannel on EPL 3496 but encountering only isolated, low-grade surficial uranium mineralisation, leading the company to deem the tested 7km corridor largely drilled out with limited discovery potential. In contrast, drilling and geophysical work at the Alligator River and Mulga Rock projects highlighted an extensive hydrothermal alteration system at the Q14 anomaly with intersections comparable to known high-grade deposits, and the completion of gravity and seismic surveys, signalling a strategic shift of 2026 exploration efforts toward more prospective basement-hosted uranium targets and reinforcing the company’s longer-term resource growth ambitions.

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.

Deep Yellow Seeks ASX Quotation for Additional Ordinary Shares

Deep Yellow Limited has applied for quotation on the ASX of 157,217 new fully paid ordinary shares, issued following the exercise of options or conversion of other securities. The modest increase in quoted shares, effective from 18 December 2025, marginally expands the company’s equity base and signals continued utilisation of equity-linked incentives or financing structures, with limited immediate dilution for existing shareholders but incremental enhancement of trading liquidity.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$1.85 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Issues 1.67 Million Unquoted Performance Rights Under Employee Incentive Plan

Deep Yellow Limited has issued 1,671,304 unquoted performance rights under its employee incentive scheme, effective 24 December 2025. The move reinforces the company’s use of equity-based remuneration to align employees’ interests with long-term shareholder value, potentially supporting staff retention and performance as it advances its uranium-focused growth strategy.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$1.85 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Issues New Performance Rights and Shares Under Awards Plan

Deep Yellow Limited has issued 1,671,304 performance rights under its Awards Plan and converted a further 157,217 performance rights into fully paid ordinary shares. The move modestly expands the company’s equity base and reflects the ongoing use of equity-based incentives to align management and employee interests with those of shareholders.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$1.85 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Advances Tumas Project with Key Infrastructure Agreements

Deep Yellow Limited has announced significant progress in the development of its Tumas Project, with key agreements for power and water supply being executed and advanced. The company has finalized a power supply agreement with NamPower, which includes a dedicated power line and an onsite solar farm to meet the project’s energy needs. Additionally, water supply arrangements are being negotiated with NamWater, with a pipeline design already completed. These developments are crucial steps toward derisking the project and preparing for a final investment decision, positioning Deep Yellow favorably in the uranium market.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Releases 2025 Sustainability Report

Deep Yellow Limited has released its 2025 Sustainability Report, marking its sixth report and the third aligned with the Global Reporting Initiative Standards. This report highlights the company’s commitment to sustainability as it progresses towards development and production. Additionally, a Community Development Report detailing social projects in Namibia has been published, reflecting Deep Yellow’s ongoing efforts to engage with local communities.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Issues New Shares Under Regulatory Exemption

Deep Yellow Limited has issued 44,444 new fully paid ordinary shares following the exercise of options, allowing these shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act 2001. This move signifies the company’s compliance with regulatory requirements and enhances its liquidity, potentially impacting its market positioning and offering opportunities for stakeholders.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Issues New Securities to Strengthen Market Position

Deep Yellow Limited has announced the issuance of 182,527 Performance Rights and 44,444 fully paid ordinary shares as part of its Awards Plan. This move is part of the company’s strategy to incentivize and reward its stakeholders, potentially strengthening its market position and aligning interests with its long-term goals.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited: Director’s Interest Update

Deep Yellow Limited announced a change in the director’s interest, with Christopher Salisbury acquiring 75,444 fully paid ordinary shares and disposing of 44,444 options expiring in 2026. This change reflects an increase in Salisbury’s direct stake in the company, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Announces Director’s Shareholding Changes

Deep Yellow Limited announced a change in the director’s interest, specifically regarding Gillian Swaby’s holdings. The announcement detailed the acquisition of 470,236 fully paid ordinary shares through the Deep Yellow Loan Share Plan, as approved by shareholders. This change reflects the company’s ongoing strategic adjustments in its shareholding structure, potentially impacting its governance and stakeholder interests.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Announces Quotation of New Securities

Deep Yellow Limited has announced the quotation of 470,236 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, indicating the company’s efforts to align employee interests with shareholder value and potentially enhance operational performance.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Announces Quotation of New Securities

Deep Yellow Limited has announced the quotation of additional securities on the Australian Securities Exchange. The issuance of these securities is part of the company’s strategic financial maneuvers, potentially enhancing its market liquidity and providing additional capital for its ongoing projects. This move could strengthen Deep Yellow’s position in the uranium market, offering potential benefits to its stakeholders.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Issues Unquoted Securities for Employee Incentive

Deep Yellow Limited announced the issuance of 182,527 unquoted securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational efficiency and aligning employee interests with company goals.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Director Increases Stake in Company

Deep Yellow Limited announced a change in the director’s interest, with Gregory Meyerowitz acquiring an additional 31,243 fully paid ordinary shares, bringing his total to 180,000 shares. This acquisition, conducted through an on-market trade, reflects a significant increase in Meyerowitz’s stake, potentially indicating confidence in the company’s future prospects.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Director Increases Shareholding

Deep Yellow Limited has announced a change in the interests of its director, Timothy Lindley. The company reported that Lindley acquired 30,300 fully paid ordinary shares through an on-market trade, increasing his indirect interest in the company. This change reflects a strategic move by Lindley, potentially indicating confidence in the company’s future prospects and impacting stakeholder perceptions.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Appoints New CEO to Drive Uranium Growth

Deep Yellow Limited has appointed Mr. Greg Field as the new Managing Director and CEO, effective by May 2026, following a thorough search for a leader with strong execution skills and experience in capital projects. Mr. Field’s extensive background in the resources sector, including significant projects at Rio Tinto, positions him to advance Deep Yellow’s key projects in Namibia and Australia, aligning with the company’s strategy to capitalize on the growing demand for uranium in the clean energy transition.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow AGM: Key Resolutions Passed, Loan Share Plan Rejected

Deep Yellow Limited announced that all resolutions at its Annual General Meeting on November 20, 2025, were passed except for the resolution regarding the issuance of 2025 Loan Shares to Managing Director John Borshoff. The results of the meeting were determined by a poll, reflecting shareholder decisions on key company governance matters. This outcome indicates a strong shareholder engagement in the company’s strategic decisions, although the rejection of the loan share plan may impact the company’s executive compensation strategy.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Outlines Strategic Direction and Financial Overview

Deep Yellow Limited has released a corporate presentation outlining its strategic direction and financial performance. The presentation includes historical financial information and emphasizes that past performance should not be relied upon as an indicator of future results. The document also contains forward-looking statements about the company’s business strategy, development plans, and market expectations, highlighting potential risks and uncertainties that could impact future outcomes.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited’s Strategic Progress and Future Outlook at 2025 AGM

Deep Yellow Limited’s Chairman, Chris Salisbury, addressed the company’s progress and future plans at the 2025 Annual General Meeting. The company is transitioning from a developer to a producer, with significant advancements in its Tumas and Mulga Rock projects. While the Tumas project awaits favorable market conditions for full-scale construction, engineering and negotiations with Namibian parastatals continue. The Mulga Rock project shows promising test results, and the company is optimistic about future opportunities in the Alligator River region. The macro environment supports nuclear energy, and Deep Yellow is well-positioned with a strong cash balance and rising market demand. Additionally, there is speculation about a potential shareholder requisition concerning board composition, but no formal notice has been received.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Appoints Zebra Kasete as Managing Director for Namibia

Deep Yellow Limited has appointed Mr. Zebra Kasete as the Managing Director for Namibia, effective January 5, 2026. Mr. Kasete, a seasoned mining executive with over 35 years of experience, will oversee the construction and operations of the Tumas Project in Namibia. His extensive background in the mining industry, particularly in uranium, diamonds, copper, and gold, positions him well to lead this significant development for both Deep Yellow and Namibia. This appointment marks a crucial step towards the final investment decision for Tumas, aiming to establish it as Namibia’s fourth uranium mine, thereby enhancing Deep Yellow’s industry positioning and operational capabilities.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

Deep Yellow Limited Issues New Shares Under Awards Plan

Deep Yellow Limited has announced the issuance of 16,133 fully paid ordinary shares following the exercise of Performance Rights under the company’s Awards Plan. This move reflects the company’s ongoing efforts to incentivize and reward its stakeholders, potentially enhancing its operational capabilities and market positioning within the uranium sector.

The most recent analyst rating on (AU:DYL) stock is a Buy with a A$1.98 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.