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ASX-listed Deep Yellow has announced completion of a prospectivity analysis on its Namibian tenements that have delivered outstanding results.

Deep Yellow MD Greg Cochran, said: “These results far exceeded our expectations and have reinforced our long held belief that the best is yet to come from Reptile Uranium Namibia Ltd’s (RUN) Exclusive Prospecting Licences (EPLs) said. “Our new team in Namibia have applied the latest technology to take a significant step forward in identifying the next generation of high grade alaskite targets – we set out to identify at least 10 and we ended up with 15 of which six are high priorities. We are already in the process of ground truthing some of already in the process of ground truthing some of these by conducting ground-radiometric surveys.”

The study, which focused on hard rock alaskite-type deposits (such as Rössing and Husab) commenced earlier this year and was aimed at generating new targets for its wholly-owned Namibian subsidiary RUN). Palaeochannel, calcrete-hosted or “Red Sands” type deposits were not considered.

The area of interest covered a substantial part of the Erongo uranium region and exceeded the area covered by RUN’s (EPLs in order to test the targeting methodology against the location of known deposits (of which there are many outside RUN’s EPLs). Several spatial datasets were used by presenting them in grid form and assigning prospectivity values to the majority of the 100m cells within each grid.

Key points

 Fifteen alaskite-type targets have been identified in DYL’s recently completed Prospectivity Analysis with six assigned for high priority follow-up.

 The targets are prioritised based on degree of outcrop, radiometric response and extent of previous drilling.

 In the analysis three layers were used to score and then rank prospectivity: proximity to dome structures, proximity to marble and occurrence in remanently magnetised domains.

 This is the first time that a prospectivity analysis has combined these specific layers in one map to identify alaskite targets in Namibia.

 The area of interest for the analysis was extended beyond DYL’s tenements to test the targeting methodology against the location of known deposits – these scored highly in the analysis, giving increased confidence in the results.

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