DYL 2.05% $1.20 deep yellow limited

This is what the first batch yielded when James Pratt was on...

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    This is what the first batch yielded when James Pratt was on board,

    "16 September 2005
    Company Announcements Office
    Australian Stock Exchange Limited
    By e-Lodgement
    5 pages
    Dear Sir / Madam
    RECEIPT OF FIRST ASSAY RESULTS FROM THE NAPPERBY PROJECT
    The Directors of Deep Yellow Limited (Deep Yellow or Company) are pleased to announce
    that the first batch of assay results from the resource definition drilling on its 100% owned
    Napperby Project (150 km northwest of Alice Springs) have been received.
    As previously advised there were 569 holes drilled in the programme, with each hole being
    about 10 metre (m) deep. In excess of 2,700 samples were collected and submitted for
    chemical analysis. This first batch of results consists of 486 samples representing 91 drill
    holes or about 15% of the programme.
    The results are in line with expectations based on past drilling however the quantity received
    is not sufficient to draw any conclusions at this stage. Details of the most significant results
    are presented in the two tables below along with the results of proximal historical drill holes for
    comparison (All assays are reported in parts per million – ppm).
    Table 1: These results represent one line of new drill holes (prefix NWE) at the western
    margin of the drilled area (Area A in Figure 1) and are peripheral to the main mineralised
    zone. The historical results shown (prefix WS) represent mineralised holes that are within
    150m of the new holes.
    Deep Yellow Limited - 2005
    100m x 100m
    Uranerz - 1979
    400m x 300m holes within 150m of
    above holes
    From To Length U3O8 From To Length U3O8
    (m) (m) (m) (ppm) (m) (m) (m) (ppm)
    NWE007 1 2 1 845 WS65 2 2.5 0.5 250
    NWE011 3 4 1 261 WS66 1 2 1 430
    NWE021 3 10 7 381 WS85 4.5 5 0.5 480
    NWE030 3 6 3 307 WS91 4 6 2 412
    2
    Table 2: These results represent a block of drill holes 2.5km east of the above holes
    (Area B in Figure 1) covering an area of about 400m x 500m. Shown for comparison are
    mineralised historical drill holes that fall within 150m of this group of holes.
    Area B
    Deep Yellow 100m x 100m
    Hole Number From To Length U3O8
    (m) (m) (m) (ppm)
    NWE280 2 8 6 328
    NWE281 3 6 3 409
    NWE282 7 8 1 327
    NWE284 6 7 1 311
    NWE285 1 2 1 442
    NWE286 3 6 3 594
    NWE288 6 8 2 263
    NWE289 5 6 1 204
    NWE290 1 4 3 269
    NWE292 4 6 2 418
    NWE295 4 5 1 466
    NWE298 4 5 1 266
    NWE308 6 8 2 212
    NWE322 5 6 1 522
    NWE329 2 6 4 207
    NWE330 1 2 1 225
    Uranerz 400m x 300m holes within 150m of above holes
    Hole Number From To Length U3O8
    (m) (m) (m) (ppm)
    WS25 3 7 4 343
    WS26 5.5 6 0.5 310
    WS31 6.5 7 0.5 230
    WS32 3 6 3 363
    WS191 1.5 4.5 3 317"

    Pretorius expects subsequent batches to be of similar grades.
 
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