• Tumas Project in Namibia achieved key milestones, with bulk earthworks completed and two major construction contracts awarded.
• Ground radiometric surveys commenced at the S-Bend Prospect in Namibia, with drilling scheduled for next quarter.
• Mulga Rock Project in Western Australia continued value optimization through processing trade-off studies and development of a revised geometallurgical model.
• Alligator River Project in Northern Territory established King River Camp and acquired a 50% interest in the Cooper Creek Joint Venture.
• Cash and cash equivalents stood at A$160.0 million at 30 June 2026.

Deep Yellow Limited, an Australian uranium project developer, reported key activities completed in the June 2026 quarter. In Namibia, the Tumas Project achieved key milestones including the completion of bulk earthworks and awarding of two civil and concrete construction contracts, positioning the project for a Final Investment Decision anticipated in Q4 2026. Ground radiometric surveys commenced at the S-Bend Prospect, with drilling scheduled for next quarter. In Western Australia, the Mulga Rock Project continued value optimization through processing trade-off studies and development of a revised geometallurgical model, in preparation for a revised feasibility study. In the Northern Territory, the Alligator River Project established King River Camp and acquired a 50% interest in the Cooper Creek Joint Venture, expanding the company's footprint in the Alligator River Uranium Province. The company's cash and cash equivalents stood at A$160.0 million at 30 June 2026, providing a strong balance sheet to continue advancing its portfolio.

Final Investment Decision for Tumas Project anticipated in Q4 2026

Deep Yellow believes the long-term outlook for uranium remains exceptionally strong, with governments worldwide expanding support for nuclear power.