Namibia: Deep Yellow Pulls Out Drilling Rigs

Uranium explorer, Deep Yellow says it will significantly reduce its overhead and exploration spend by downsizing the number of drilling rigs deployed in its operations from the current seven to two and its staff count accordingly.

Deep Yellow (DYL) is currently involved in exploration activities in the country through its wholly-owned local subsidiary, Reptile Uranium Namibia at its flagship Omahola project, at the Tubas Sand Project and at the Shiyela Iron Project.

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