Without the use of Marenica's game changing U-pgrade technology, I doubt DYL will get 1 pound out of the ground.
Marenica Energy Limited (ASX: MEY) (“Marenica”) has entered into a definitive and binding Technology LicenceAgreement (“TLA”) with Deep Yellow Limited (ASX: DYL) (“Deep Yellow”). Under the TLA, Marenica will provide itsU-pgradeTM technology and expertise to Deep Yellow for use towards development of the Tumas Project in Namibiain return for a Licence Fee for the entire life of the project. Both parties sought to formalise the TLA after thesuccessful test work program recently completed by Marenica on the Tumas ore.
THIRD PARTY PROJECTS
Deep Yellow Limited
Marenica has a Technology Licence Agreement (TLA) with Deep Yellow Limited (Deep Yellow). The TLA followed
a successful testwork program completed on Tumas ore samples. Under the TLA, Marenica will provide its
U-pgradeTM technology and expertise to Deep Yellow for use towards development of the Tumas Project in return
for a licence fee for the life of the project.
Beyond application at the Marenica Uranium Project, Marenica has determined, through bench scale testing, that
Deep Yellow’s Tumas Deposit, Paladin’s Langer Heinrich Deposit, Orano’s Trekkopje Deposit and Toro Energy’s
Wiluna Deposit, are amongst those that are amenable to the U-pgradeTM process.
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