Deep Yellow Limited Limited Advanced Exploration; d d l i - PowerPoint PPT Presentation

Deep Yellow Limited Limited Advanced Exploration; d d l i Advancing To Production Mining 2010 Brisbane, Queensland i b l d 27 October 2010 P t i k M t Patrick Mutz ‐ Managing Director M i Di t ASX Code: DYL www.deepyellow.com.au

Disclaimer Forward Looking Statements This presentation has been prepared by Deep Yellow Limited (“Deep Yellow”) The information contained in this This presentation has been prepared by Deep Yellow Limited ( Deep Yellow ). The information contained in this presentation is of a general nature only and does not constitute and offer to issue, or to arrange an issue, of securities or financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. This presentation has been prepared without taking into account the investment objectives financial situation or particular needs of any prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of this presentation, the investor needs to consider, with or without the assistance of a financial advisor, whether the investment is appropriate with due regard for their particular investment needs, objectives and financial circumstances. This presentation is based on internal company stock exchange announcements stockbroker research and technical This presentation is based on internal company stock exchange announcements, stockbroker research and technical information believed to be reliable. To the maximum extent permitted by law, none of Deep Yellow’s Directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation nor is any obligation assumed to update such information. In particular, no representation or warranty, express or implied, is obligation assumed to update such information. In particular, no representation or warranty, express or implied, is provided as to its accuracy, completeness or currency of the information contained in this presentation. Deep Yellow accepts no obligation to correct or update the information or opinions expressed in it. Opinions expressed are subject to change without notice and reflect the views of Deep Yellow at the time of presenting.

Overview Company Focus and Vision Corporate Profile  Share and Market Cap, Top 10, Cash, B&M Project Locations & Portfolio Summary Project Summary j y  Project Pyramid Uranium Resources Summary Omahola Project Pre ‐ Feasibility Study Emerging New Projects Emerging New Projects The Next 12 Months

Company Focus and Vision Deep Yellow Limited (DYL) is an Australian ‐ • based uranium focused company with extensive operations in the southern African nation of Namibia and Australia . DYL i s targeting becoming a uranium producer i b i d • in Namibia in 2013 ‐ 14 as it strives to continue to successfully grow its uranium resource base f ll i i b through delineation of previously identified mineralisation, discovery and/or M&A i li i di d/ & opportunities.

Corporate Profile Shares on Issue: Shares on Issue: 1,125.8M 1,125.8M Unlisted Options p Exercise Price Expiry Date p y 12,500,000 59.5 cents 30/11/2010 2,437,500 59.6 cents 31/12/2010 39.8M 39.8M Unlisted Options: Unlisted Options: 612,500 612 500 74 6 cents 74.6 cents 30/06/2011 30/06/2011 8,462,500 27.5 cents 30/06/2011 40.0 cents 30/06/2011 3,230,000 Market Capitalisation: Market Capitalisation: ~A$258M A$258M 2,145,000 45.0 cents 30/06/2011 (at 23.0 cents – 26 October 2010) 1,370,000 60.0 cents 30/06/2011 1,650,000 27.5 cents 31/12/2011 Net Cash: Net Cash: A$25 0M A$25.0M 705,000 27.5 cents 30/06/2012 2,625,000 35.0 cents 30/06/2012 45.0 cents 30/06/2012 3,425,000 (Statistics as at 30 September 2010 or as shown) (St ti ti t 30 S t b 2010 h ) 625,000 60.0 cents 30/06/2012 …No debt and strong shareholder support

DYL Share Price (6 month)

Uranium Spot Price Uranium Spot Price $54 $52 $52 ollars $50 US Do $48 $46 $44 $42 $40 19-Apr 3-Jun 18-Jul 1-Sep 16-Oct

Top Ten Shareholders (As at 31 August 2010) Shareholder Name Ordinary Shares Percent Paladin Energy Ltd Paladin Energy Ltd 220 258 461 220,258,461 19 56 19.56 HSBC Custody Nominees (Aus) Ltd 140,377,667 12.47 Robert Anthony Healy 73,630,312 6.54 Dr Leon Eugene Pretorius 66,365,000 5.89 Gillian Swaby 40,673,333 3.61 Mr Zac Rossi + Mrs Thelma Rossi 35,800,000 3.18 Robert Anthony + Helen Marie Healy 25,437,500 2.26 Mervyn Patrick Greene Mervyn Patrick Greene 22 700 500 22,700,500 2 02 2.02 ANZ Nominees Limited <Cash Income A/C> 18,135,512 1.61 IJG Securities Pty Ltd 17,611,381 1.56 J P Morgan Nominees Australia Limited 16,261,802 1.44 Totals 677,251,468 60.14 Board and Management 11.52

Board and Management Board of Directors Investment Banking Mr Mervyn Greene – Chairman Uranium Development/Production Mr Patrick Mutz – Managing Director Geology Mr Martin Kavanagh – Executive Director Secretarial/Finance/Accounting Ms Gillian Swaby – Non ‐ Executive Director Legal g Mr Tony McDonald – Non ‐ Executive Director (independent) y ( p ) Audit/Accounting Mr Rudolf Brunovs – Non ‐ Executive Director (independent) Secretarial/Finance/Accounting Mr Mark Pitts – Company Secretary Executive Management Combined 75 years uranium experience Over 100 years exploration and mining related experience Mr Patrick Mutz – Chief Executive Officer, Deep Yellow Limited Dr Leon Pretorius – Managing Director, Reptile Uranium Namibia Mr Martin Kavanagh – Exploration Director, Deep Yellow Limited g p p

Project Locations ‐ Africa NAMIBIA Exploration operations Exploration operations conducted by Deep Yellow’s wholly ‐ owned subsidiary y y Reptile Uranium Namibia (RUN)

Project Locations ‐ Namibia 4,195 km 2 Exploration area with substantial uranium resources i

Project Locations – Australia ‐ QLD Queensland Mount ISA Projects 1,688 km 2 Exploration area with some uranium resources

Project Locations – Australia ‐ NT Northern Territory Northern Territory Projects Napperby Uranium Uranium Deposit 28,180 km 2 Exploration area with uranium resources with uranium resources

Project Pyramid PRODUCTION DEVELOPMENT DEVELOPMENT FEASIBILITY STUDIES JORC RESOURCES EXPLORATION PROJECTS GREENFIELD EXPLORATION TARGET AREAS EXPLORATION LICENCE APPLICATIONS

Project Pyramid PRODUCTION ? DEVELOPMENT PROJECTS DEVELOPMENT PROJECTS ? ? OMAHOLA PROJECT FEASIBILITY STUDIES (PFS) August 2010 Tubas T b Sl Slance Napperby (i) Tumas Bambino JORC RESOURCES INCA (i) Thanksgiving TRS (i) Queen’s Gift Aussinanis Eldorado North T Tumas-Oryx O S Slance Tubas Alaskite Napperby (ext) EXPLORATION Queen’s Gift INCA & TRS (ext) Napperby West Miranda, Wahn PROJECTS Tubas-Oryx Crystal, Bluestone S Bend, Tumas (ext) Citation, Turpentine Shiyela Iron y Tumas North IN - Regional Mt Liebig GREENFIELD Spider (JV) INCA Mag Targets Mt Doreen IW- North EXPLORATION Tumas East Reynolds Range IW – Central Ripnes Nonauba TARGETS TARGETS Mother s Day Mother’s Day NOVA JV EPLs Huckitta Eldorado South (3668, 3669, 3670) Mordor Sherrin Creek (Phos) Paroo Creek Crocodile Creek Yamamilla Yamamilla Officer, Solitaire, Gida-Turners, ELAs EPMs 17716, 17952, 17967, 18127 Highland Rocks (ABM), Anningie NAMIBIA QUEENSLAND NORTHERN TERRITORY

Uranium Resources Future production Immune from potential revived RSPT 10.8 M lb In Australia

Uranium Resources Expanded resource estimate imminent 21.3 M lb

Uranium Resources

Uranium Grade Uranium Grades in Namibia 600 500 500 U 3 O 8 400 ppm U 300 p 200 100 100 Rossing Rossing LHU LHU DYL DYL EXT EXT

Resource Areas Drillholes ‐ Namibia RUN EPLs NOVA JV EPLs

Deep Yellow Uranium Resources Uranium Resources in accordance w/JORC Code ? 120 Indicated Resources s U3O8 100 Inferred Resources 80 80 Pounds 60 Million P 40 M 20 0 1 ‐ Jan ‐ 07 1 ‐ Jan ‐ 08 1 ‐ Jan ‐ 09 1 ‐ Jan ‐ 10 1 ‐ Jan ‐ 11

Market Cap and Uranium Resources DYL Market Cap and Uranium Resources $500 100 90 90 $400 million) 80 DYL Market Cap on) $300 $300 bs U3O8 (m A$ (millio 70 Lbs U3O8 60 $200 Lb 50 $100 40 $0 30

Market Cap per Resource Lb U 3 O 8 DYL Market Cap per Resource Lb U3O8 $9.00 $8.00 $7 00 $7.00 Lb U3O8 $6.00 $5.00 $5.00 A$ per L $4.00 $3.00 $2.00 $1.00 $0.00

Market Cap per Resource Lb U 3 O 8 10 10 9 23 9.23 8 lb) 6 61 6.61 urces (A$ / 5.50 6 EV / Resou 4 2.68 1.87 2 0.33 0 Paladin Paladin Mantra Mantra Extract Extract Berkeley Berkeley Deep Yellow Deep Yellow Bannerman Bannerman Attractive valuation metrics Attractive valuation metrics