nice timing anncmts.havnt read em yet, page-11

re: latest horror movie/tiger ten "At this point it can be reported that assay values for the
certified standard returned values well below the contained 258ppm
uranium and both ANSTO and the laboratory have this morning reanalysed
the standard and confirmed its uranium content as correct"

This explains the fall in the SP and the deferment of the SPP. The U seller must be at a complete loss. DYL could now be designated to the scrapheap.

Condolescences to holders.

Deep Yellow says vast discrepancy with Napperby data

16:35, Tuesday, 15 November 2005

Sydney - Tuesday - November 15: (RWE Aust Business News) - Deep
Yellow Ltd (ASX:DYL) said today that the resource calculations undertaken
by specialists Hellman and Schofield on the assays from the recent
drilling at Napperby were vastly different to those previously reported
based on the information supplied by Paladin Resources Ltd (ASX:PDN).
Paladin in turn based its information on that gathered from three
different drilling campaigns and a pre-feasibility study carried out by
Uranerz during its substantial evaluation of the project in the period
1977 to 1981.
Deep Yellow's exploration program aimed at verifying about 4,000
tonne of the reported 6,000t of uranium resources to a JORC (1999, 2000)
code reporting status and the company said it wase at a loss at this
stage to explain this quantum discrepancy.
The full evaluation of the geochemical analyses was completed
yesterday when Deep Yellow called a trading hal.
Its shares have now been suspended from quote and last traded at
11.5c.
Deep Yellow said directors have had insufficient time to evaluate
sources of possible error and to resolve this issue all facets of its
work are being audited.
At this point it can be reported that assay values for the
certified standard returned values well below the contained 258ppm
uranium and both ANSTO and the laboratory have this morning reanalysed
the standard and confirmed its uranium content as correct.
A selected range of samples will now be submitted to another
laboratory for reassaying.
Should this prove to be the source for the discrepancy, all the
samples will have to be reanalysed.
For this reason, a temporary suspension from trading has been
requested.
Also, in light of the delay the Shareholder Purchase Plan (SPP)
will be withdrawn and all monies received will be returned to the
shareholders.