Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Deep Yellow Limited ( (AU:DYL) ).
Deep Yellow Limited has successfully completed a Reverse Circulation drilling program at the S-Bend prospect, adjacent to its Tumas Project in Namibia. The drilling confirmed uranium mineralization with significant thicknesses and grades, enhancing the potential to extend the Tumas resource beyond its current 30-year Life of Mine. The discovery of higher-grade mineralization in four main clusters at S-Bend suggests further detailed drilling is needed to delineate a resource base, indicating a positive impact on the company’s operations and potential growth in its resource portfolio.
The most recent analyst rating on (AU:DYL) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.
More about Deep Yellow Limited
Deep Yellow Limited operates in the mining industry, focusing on uranium exploration and development. The company is primarily engaged in identifying and developing uranium resources, with a significant market focus on its projects in Namibia, including the flagship Tumas Project.
YTD Price Performance: 83.11%
Average Trading Volume: 4,274,715
Technical Sentiment Signal: Buy
Current Market Cap: A$2B
For detailed information about DYL stock, go to TipRanks’ Stock Analysis page.