Deep Yellow LimitedASX: DYL

Heads of Agreement with Epangelo

Feb 10, 2016 at 8:19 PM EST · Issued by Deep Yellow Limited

Filed with ASX · Feb 10, 2016 at 8:19 PM EST · 4 pages · English

Summary by 6ix AI

Deep Yellow Limited has executed a Heads of Agreement with Epangelo Mining Company to advance the Aussinanis Project in Namibia. Epangelo has acquired a minority stake in a new entity holding the project and can earn a majority stake by funding further development. The Aussinanis Project has a significant mineral resource and is expected to undergo testwork to assess its upgrade potential. This agreement marks a strategic partnership aimed at enhancing operational capabilities in uranium exploration.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

On 6ix: 6ix.com/news/heads-of-agreement-with-epangelo

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