Deep Yellow LimitedASX: DYL

Shiyela Iron Project - Metallurgical Testwork Update

· Issued by Deep Yellow Limited

Filed with ASX · · 6 pages · English

Summary by 6ix AI

Deep Yellow Limited has released an update on the metallurgical testwork for its Shiyela Iron Project, detailing interim results from ProMet Engineers Pty Ltd. The testwork indicates that a high-quality Blast Furnace grade concentrate can be produced, with low levels of impurities, which is expected to command a premium price. The company is also initiating a Scoping Study based on these results, with completion anticipated in the near future. This update highlights the project's favorable location and potential for low capital costs and energy consumption.

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