Deep Yellow upgrades Jorc Resources

[] — Mining group Deep Yellow on Wednesday announced an upgrade and expansion of the mineral resource estimate at its INCA uranium deposit in Namibia.

INCA is part of the Omahola Project controlled by DYL’s wholly-owned subsidiary Reptile Uranium Namibia.

The Indicated Resources double to £10m U3O8 and grade increases to 414 ppm eU3O8.

Total resources increase by 17% to £16.4m U3O8 and grade increases by 9% to 436 ppm eU3O8.

Overall the Omahola Project Mineral Resource estimate increases to £21.3m U3O8 and further underpins a Pre-Feasibility Study being conducted by SNC-Lavalin, the company said.