Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Deep Yellow (ASX:DYL), a uranium exploration company with operations in Namibia and in Australia, announced on Tuesday additional high grade uranium intercepts from RC drilling at the Ongolo Alaskite Deposit and the MS7 Prospect.
Some of the results at the Ongolo were the following:
Some highlights at MS7 prospect included:
Deep Yellow’s Namibian operations are conducted by its 100% owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN).
The company’s flagship is the Omahola Project, which is currently under pre-feasibility study with concurrent resource drill-outs on the high grade Ongolo Alaskite – INCA trend.
