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Junior Miner Announces Solid Resource Upgrade

AllPennyStocks.com - AllPennyStocks.com - Mon Jul 3, 2023

Uranium has many uses, including powering commercial nuclear reactors that produce electricity and to produce isotopes used for medical, industrial, and defense purposes around the world. And this company is using its deep knowledge to establish a multi-mine company. Deep Yellow Limited (OTCMKTS:DYLLF) announced in its press release today an upgraded Mineral Resource Estimate for the Angularli deposit, which forms part of the Alligator River Project. This 27% uplift, compared to the previous MRE, was underpinned by a drilling program completed in late 2022 which successfully extended the footprint of the Angularli deposit and associated analytical programs. 

The deposit is located approximately in the Northern Territory, Australia, in a high-angle shear zone, and hosts an Inferred MRE of 1.37Mt at 1.09% U3O8, containing 32.9Mlb U3O8.

Shares were trading at $0.5113 in morning trade.

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