KEY POINTS
? Heads of Agreement executed with Epangelo Mining Company (Pty) Ltd (Epangelo) to progress the Aussinanis Project (Aussinanis) in Namibia.
? Epangelo, a private company owned by the Government of the Republic of Namibia, has acquired 5% of a new entity holding Aussinanis by funding testwork.
? Aussinanis has a JORC Compliant Indicated and Inferred Mineral Resource of 34.6 M tonnes at 237 ppm U3O8 for 18.1 Mlb U3O8 at cut-off grade of 150 ppm U3O8.
? Epangelo can earn up to 70% of the Project by funding the Project through to a bankable feasibility study.
News: Deep Yellow Ltd discusses heads of agreemen
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