Nova JV Annual Budget Approved & Follow-Up Drilling Complete
Filed with ASX · · 10 pages · English
Summary by 6ix AI
Deep Yellow Limited has announced the approval of the annual budget for the Nova Joint Venture, which is funded by JOGMEC, and includes a specific budget allocation for the upcoming year. The company also reported the completion of a follow-up drilling program consisting of multiple holes aimed at further defining uranium mineralization in the area. Although the drilling did not yield economically significant results, the findings have confirmed the prospectivity of the identified palaeochannels. Further exploration drilling is planned to investigate previously untested areas in the Nova JV region.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Deep Yellow
- Tumas Continues Showing Strong Potential Additional Resource
- Uranium Resources Expanded by 51% - Tumas 1, 2 & 3 Deposits
- Drilling Re-Commences Testing Prospective Channels
- Tumas 3 West and Tumas Central Drilling Ends Year Positively
- Nova JV Project - Scout Drilling Completed For 2018
Later from Deep Yellow
- Appendix 5b
- Placement and Share Purchase Plan to fund Growth Strategy
- $9M Placement Successfully Completed
- SPP Closes Bringing Total Funds Raised to $11.2 Million
- Renewal of Exploration Prospecting Licences
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