Deep Yellow Limited · ASX:DYL

Deep Yellow — Corporate Update (October 2020)

20 slides from Deep Yellow's corporate update, Oct 23, 2020

  1. Slide 1: Corporate Update Presentation

    NEWS RELEASE 23 October 2020 CORPORATE UPDATE PRESENTATION Attached is the Corporate Update Presentation that was presented live by John Borshoff, Managing Director/CEO at the OTC Global Metals & Mining Virtual Investor Conference on 22 October 2020. Deep Yellow is listed on the OTC QX Exchange (cod

  2. Slide 2: Deep Yellow with Uranium

    Deep ClickYellow to edit onMaster Track title style with Uranium Click to edit Master text styles ● Second level o Third level OTC Global Fourth Metalslevel and Mining Fifth level Virtual Investor Conference 22 October 2020 John Borshoff Managing Director/CEO DYL: ASX / NSX (Namibia) 1 DYLLF: OCTQX

  3. Slide 3: Execution of a Counter-Cyclical Strategy

    Execution of a Counter-Cyclical Strategy Key Achievements Over Past 12 Months  Resources expanded at the Reptile project  Tumas Project PFS near completion  JOGMEC (Japanese entity) completed $4.5M earn-in at adjacent Nova JV project. Highly prospective target to be advanced  Targeted M&A activi

  4. Slide 4: 75 Year Nuclear History 1945-2020 – outlook strong

    75 Year Nuclear History 1945-2020 – outlook strong Uranium Outlook - John Borshoff perspective 18,000 views - link below https://www.youtube.com/watch?v=teLkcoYxYvQ 3

  5. Slide 5: A Standout Uranium Team

    A Standout Uranium Team A highly-credentialed team (majority ex-Paladin Energy) with proven success in the uranium sector, highlighted by: Strong project development, operational and corporate capabilities Highly experienced team who have successfully worked together in the past covering technical,

  6. Slide 6: Deep Yellow Differentiated with a Unique Growth Strategy

    Deep Yellow Differentiated with a Unique Growth Strategy 5

  7. Slide 7: Namibia: A Premier Uranium Jurisdiction

    Namibia: A Premier Uranium Jurisdiction Large, proven uranium province with exceptional prospectivity Province contains 1.5Blb U3O8 Measured and Indicated Resources With additional 350Mlb U3O8 Inferred resources Large capacity, long-life mining operations Rössing – 11Mlb/pa design Husab – 15Mlb/pa d

  8. Slide 8: Reptile Project: 896km2 (100% DYL)

    Reptile Project: 896km2 (100% DYL) Mineral Resource in palaeochannel/calcrete targets (Langer Heinrich style) of 96Mlb U3O8/284ppm Basement/alaskite targets (Rössing/Husab style) of 45.1Mlb U3O8/420ppm Highly prospective Tumas palaeochannel identified 125km of uranium-rich channels delineated Resour

  9. Slide 9: Tumas – Focus of PFS

    Tumas 3 – Focus of PFS NOW SUFFICIENT INDICATED RESOURCES FOR EXPANDED PFS RESERVE BASE  The infill drilling Central Tumas 3 converted 100% to Tumas 1, 2 and 3 Mineral Resources ( Status as of May 2020) Indicated Resource Tumas 3 Deposit - JORC 2012 U3O8 Deposit Category Tonnes (M) Grade (ppm) o Tu

  10. Slide 10: Tumas Deposit

    Tumas 3 Deposit Overall Resource 36.8Mlb at 328ppm eU3O8 24.1Mlb Indicated Resources at 313ppm 12.7Mlb at 358ppm Total Measured/Indicated Resources in Tumas 1, 2 and 3 at 37.2Mlb at 337ppm Total Measured/Indicated/Inferred Resources from Tumas 3 and to the east is 77Mlb at 324ppm U3O8 Highly cost ef

  11. Slide 11: Tumas Central - In Long and Cross-Section

    Tumas 3 Central - In Long and Cross-Section Clear channel control to mineralisation A B Mineralisation 200m to 2,000m wide along channel length Depth of mineralisation 3m -25m Average thickness 5m D C D A B C Mineralisation palaeochannel controlled Semi oblique long-section and cross section shows p

  12. Slide 12: Tumas PFS - Highly Encouraging and Nearly Completed

    Tumas PFS - Highly Encouraging and Nearly Completed  PFS test work delivering equal to or better than assumptions used in the Scoping Study  Key Benchmarks of Scoping Study o LOM: > 20 years o OPEX: low cash cost < US$30/lb o Annual production: 2.5Mlb to 3Mlb o CAPEX: Circa US$100M per 1Mlb/annum

  13. Slide 13: Nova JV - Breakthrough Results on EPL3669

    Nova JV - Breakthrough Results on EPL3669 Large anomalous mineralised zone identified at Barking Gecko in alaskite-type basement target Thick zones of uranium intersected Grades vary from 216 to 385ppm eU3O8 4km x 1km highly prospective zone defined Target similarities with Rössing and Husab Mineral

  14. Slide 14: Barking Gecko – Discovery drill section

    Barking Gecko – Discovery drill section Angled RC holes 200m apart Hole TN236 24m at 297ppm U3O8 from 139m multiple other intersections associated Hole TN237 10m at 305ppm U3O8 from 64m *1115ppm eU 0 has thorium bias Mineralisation open at depth and laterally 3 8 pXRF assay determination shows 415pp

  15. Slide 15: Establishing a Multi-Project Global Uranium Platform

    Establishing a Multi-Project Global Uranium Platform ● Unique Strategy ● Right Timing ● Standout Team ● Well Funded 14

  16. Slide 16: The Competitive Landscape Remains Fragmented and Technically Deficient

    The Competitive Landscape Remains Fragmented and Technically Deficient Fukushima Impact on Global Uranium Sector Fukushima had a direct and tangible impact on the wider uranium industry, significantly reducing the total number of market players, the composition of the competitive landscape and its u

  17. Slide 17: A Significant Opportunity for Deep Yellow

    A Significant Opportunity for Deep Yellow The Key Ingredients Available to Deep Yellow to Build a Tier-One Uranium Platform Experienced Bold & Proven Vision & Cohesive Unique Funding Uranium & Team Growth Support Track Leadership Across All Strategy Record Disciplines APPLIED TO Existing Sector Nami

  18. Slide 18: Conclusions

    Conclusions ● A re-energised, well-funded Company entering pre-development stage that is highly differentiated from other mid-sized uranium market players ● Outlook for uranium is very positive, with nuclear power integral to meeting clean energy targets ● Well positioned to continue successful exec

  19. Slide 19: For further information:

    For further information: T: +61 8 9286 6999 E: info@deepyellow.com.au W: www.deepyellow.com.au : @deepyellowltd : deep-yellow-limited 18

  20. Slide 20: Disclaimer and Competent Person Statement

    Disclaimer and Competent Person Statement This document has been prepared by Deep Yellow Limited Any statements, estimates, forecasts or projections with This presentation and its contents have been made available (Deep Yellow, DYL or the Company) in connection with respect to the future performance

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