Slide 1: Deep Yellow Limited: A True Uranium Company
DEEP YELLOW LIMITED A TRUE URANIUM COMPANY Presented at Paydirt’s 2007 Uranium Conference
Slide 2: Disclaimer
DISCLAIMER While technical information contained in this presentation is based upon an independent technical review, no representation or warranty is made as to the accuracy, completeness, or reliability of the information in this presentation. Any forward looking information in this presentation ha
Slide 3: Background
BACKGROUND • 1970’s Uranium people decide to rejoin the game in 2005 • Present Board take control of ASX listed Deep Yellow in October 2005 • Market cap in October 2005 around $10 M and $1 M cash • Attract three uranium experienced geoscientists to join • Commence aggressive merger and acquisition i
Slide 4: What Makes Deep Yellow Different?
WHAT MAKES DEEP YELLOW DIFFERENT? • Company managed and directed by geoscientists • 6 of whom have a total of ~70 years uranium experience • ~Aus $25 million cash at bank • Australian Tenements in diverse regions cover ~60,000 km2 • Namibia Tenements cover 2,622 km2 near Langer Heinrich • Alternativ
Slide 5: Board
BOARD • Leon Pretorius, Executive Chairman. A geochemist with 36 years industry experience with 18 years in uranium worldwide – the last 5 with Paladin Resources. MSc and PhD on uranium exploration and geochemical research • Martin Kavanagh, Executive Director. An exploration geologist with 36 years
Slide 6: Corporate
CORPORATE • 996,893,233 Shares and 45,500,000 Options (8.5 c to 60c) • Market Cap ~$400 million • Current cash and receivables ~$25 million • Estimated 3 year exploration budget $15 million • Top 20 shareholders hold 58.67% • Top 10 shareholders hold 48.44% • Paladin Resources largest shareholder wi
Slide 7: Key Technical Personnel
KEY TECHNICAL PERSONNEL • Geoff Gee. A geologist with 25 years experience, 10 of which spent on uranium with PNC in WA and the Arunta Province • Rudy Vooys. A geologist with 35 years experience, 10 of which spent on uranium with AGIP in NT – Kakadu, Rum Jungle, Ngalia Basin and WA – Kintyre • Joe Dr
Slide 8: Uranium Price Graphs
URANIUM PRICE GRAPHS Constant 2005 US$ vs. Current US$ Spot U3O8 Prices
Slide 9: Australian Projects
AUSTRALIAN PROJECTS Northern Territory Solitaire ; Anketell « ° -— a , NW Queensland JV Mt Morris ¢ Burt Plain | Wester Australia Quesnsiand Nonouba |. Mordor South Australia Durong « Ponton North » 1000km Victoria @ Major uranium mines/deposits
Slide 10: Napperby Project
NAPPERBY PROJECT • 150 km from Alice Springs on bitumen road • Subject of a pre-feasibility study by Uranerz • 20 x 4 km area of uranium mineralisation delineated within 10 m of surface in 1970/80s (~6,000t U3O8) • DYL drilled 250 large diameter (60 cm) holes late 2006 on a 50 x 50 m grid within 1,0
Slide 11: Napperby Drilling
NAPPERBY DRILLING
Slide 12: Napperby Trenching
NAPPERBY TRENCHING
Slide 13: Carnotite in Sandy Clay
CARNOTITE IN SANDY CLAY
Slide 14: Trench 3 East Wall
Surface | CHANNEL SAMPLE 3141 Sample number 1.2 and kngth(m) 43 1805 894530 oe ~ a 13152 ry 2130 Be 393) Jor ppmU;05 | 2000 ppm i] 250 to 500 100 to 250
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Slide 17: XRF U3O8 Assays Over 1,000 g/t/m (0.1%)
XRF U3O8 ASSAYS OVER 1,000 G/T/M (0.1%) From To Interval U3O8 From To Interval U3O8 Hole Hole (m) (m) (m) (ppm) (m) (m) (m) (ppm) NP002 4 5.5 1.5 690 NP093 3 5.6 2.6 1,023 NP011 4 6 2 852 NP108 3 5 2 773 NP018 3.8 5.9 2.1 2,038 NP116 4 5 1 2,910 NP027 4 6 2 1,308 NP119 4 5 1 1,285 NP030 3 6 3 1,326
Slide 18: Tanami – Arunta
TANAMI – ARUNTA • Acquired 100% rights to uranium within Tanami Gold’s tenements covering 50,732 km² • Ongoing studies by Deep Yellow of available data defines substantial new targets • New Deep Yellow 100% tenements 6,375 km² • Commenced CLC and Landowner negotiations for access to prospective area
Slide 19: Tanami – Arunta Province
TANAMI —- ARUNTA PROVINCE The Don - QQ) kilometre “1 st A4 sn brn | = 3 TD es HK Northern ba xP Solitai j 1 See Lake Ruth J oe Territory \ wl, qo ra a ' CIDP Officer “Abrothos | “—"—*) ' | 1 ' ES / ; ! x = “ i : Barrow Creek Western = i = A N Australia ; ' , L] : Reynolds ‘a Mt Doreen | Cesk ___ Ran
Slide 20: Officer Project – Uranium Channel
OFFICER PROJECT – URANIUM CHANNEL ⃖ 150 km ⃗
Slide 21: NW Queensland
NW QUEENSLAND • Acquired the uranium rights to ~5,000 km² around Mt Isa and Cloncurry from Matrix Metals Ltd • Multiple uranium anomalies and 1970/80s drill intercepts for immediate follow-up • Lochness Prospect – significant zone of low-level uranium mapped north of Valhalla / Skal • Limited drilli
Slide 22: NW QLD
| agen @ Womens oes Or > i 1 Deep Yellow Limited - Queensiand Tenements Holdings
Slide 23: Lochness and Miranda Prospects
LOCHNESS AND MIRANDA PROSPECTS
Slide 24: Lochness Prospect
LOCHNESS PROSPECT
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Slide 26: Miranda Prospect
MIRANDA PROSPECT • DMRC001 Complete hole length of 60 m contains 233 ppm U3O8, including 12 m at 960 ppm U3O8 from 9 m downhole • DMRC-002 Complete hole length of 78 m contains 47 U3O8 ppm, including 3 m at 730 ppm U3O8 from 43 m downhole • Large system with iron-oxide breccia system affinities
Slide 27: Airborne Total Field Magnetics
AIRBORNE TOTAL XX FIELD MAGNETICS (200m line X 80m high) X = MIRANDA PROSPECT Scale 1,000 m
Slide 28: Superior Uranium P/L Drill Targets
SUPERIOR URANIUM P/L DRILL TARGETS Calton Hills Uranium Anomaly Queens Gift Hematite – chlorite schist 3,530ppm U3O8
Slide 29: South Australia - Western Gawler
SOUTH AUSTRALIA - WESTERN GAWLER • Acquired the uranium rights to 3,295 km² from Dominion Gold Operations Ltd – Negotiating to include a further 2,000 km² • +40,000 calcrete sample in database from surface sampling and shallow drilling – no uranium assays • Several palaeodrainages draining uranifero
Slide 30: AEM Interpreted Channels
AEM INTERPRETED CHANNELS
Slide 31: Plan View of AEM Channel Interpretation
PLAN VIEW OF AEM CHANNEL INTERPRETATION
Slide 32: Reptile Uranium Namibia (Pty) Ltd
REPTILE URANIUM NAMIBIA (PTY) LTD • DYL merged with BVI company to secure prospective uranium interests in Namibia which includes 1970/80’s drilled resources totalling +18,000 tonne of U3O8 • Three Exclusive Prospecting Licences covering 2,622 km2 of ground that is highly prospective for uranium in
Slide 33: Location of Project Areas
ATLANTIC OCEAN Swakopmund Walvis Bay —— Tarred roads aman= Railway line 4 Airport of landing strip Working mine % Disused mine
Slide 34: Reptile EPL Locations
Figure 1 Reptile EPL Locations
Slide 35: ASTER Images Overlain on Uranium Channel Airborne Radiometrics
ASTER IMAGES OVERLAIN ON URANIUM CHANNEL AIRBORNE RADIOMETRICS
Slide 36: Historical Grade and Tonnage Estimates Within Reptile Tenements
HISTORICAL GRADE AND TONNAGE ESTIMATES WITHIN REPTILE TENEMENTS (Compiled from 1970/80s data before the adoption of the JORC Code and hence not JORC compliant) Deposit EPL Tonnage U3O8 in ppm Tonne U3O8 TUBAS 433 3496 26,000,000 222 5,772 ORYX 430 3496/7 18,000,000 300 5,320 ORYX EXT 708 3496 2,900,
Slide 37: Swakopmund Operational Base and Office
SWAKOPMUND OPERATIONAL BASE AND OFFICE (DYL PROPERTY)
Slide 38: Summary of Where DYL Sits
SUMMARY OF WHERE DYL SITS • Napperby JORC resource possible for +6,000 t resource • Strategic tenement holding in Mt Isa uranium province • Large prospective tenement package throughout Australia • Prospective tenement package in Namibia • A number of drill-ready targets in diverse geopolitical area
Slide 39: The Future
THE FUTURE • Maximise shareholder return on non-core assets - Napperby - Divest - JV out isolated projects - 2 negotiations pending • Concerted evaluation effort in Mt Isa area - set up base - exploration drilling to recommence in April/May (pending weather) • Concerted evaluation effort in Namibia
Slide 40: Thank You
THANK YOU LOOKING FOR AN EXCITING URANIUM COMPANY? THEN JOIN DYL! Dr Leon Pretorius Executive Chairman