DEEP YELLOW LIMITED — Regulatory Filings 2021

Apr 19, 2021

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NEWS RELEASE

19 April 2021

NOVA JV – SUCCESSFUL DRILLING RESULTS AT BARKING GECKO

HIGHLIGHTS

• Follow-up RC drilling at Barking Gecko completed on 30 March 2021

• Drilling program comprised 13 holes totalling 3,213m

• 9 holes totalling 2,210m completed between 11 February and 30 March 2021

• 8 out of 9 nine holes intersected uranium mineralisation

• Best intersections include:

• TN253RC

  • 14m at 404ppm eU3O8 from 81m

    • (including 4m at 1,067ppm eU3O8 from 85m)

  • 45m at 222ppm eU3O8 from 120m

  • 6m at 270ppm eU3O8 from 196m

  • 15m at 168ppm eU3O8 from 206m

• TN250RC

o 13m at 126ppm eU3O8 from 165m

o 8m at 235ppm eU3O8 from 199m

• TN254RC

o 10m at 177ppm eU3O8 from 77m

• Two highly prospective zones were identified, Barking Gecko North and Barking Gecko South, with mineralisation open to the southeast/east and at depth

• Investigations will continue to follow up positive results

Deep Yellow Limited ( Deep Yellow or Company ) is pleased to advise that follow-up RC drilling at the Barking Gecko prospect (EPL3669) was successfully completed on 30 March 2021. The drilling program comprised 13 holes for a total of 3,211m and focused on testing extensions of the mineralisation discovered in 2020 (Figure 1). This is part of the Nova Joint Venture project ( NJV ) in Namibia. Japan Oil Gas and Metals National Corporation ( JOGMEC ) has completed its 39.5% earn-in obligation through expenditure of A$4.5M with the NJV equity holdings as follows.

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Reptile Mineral Resources & Exploration (Pty) Ltd Subsidiary of Deep Yellow Limited	39.5% (and Manager)
Japan Oil, Gas and Metals National Corporation (JOGMEC)	39.5% (right to equity)
Nova Energy (Africa) Pty Ltd Subsidiary of Toro Energy Ltd	15%
Sixzone Investments (Pty) Ltd	6% (carried interest)
Namibia

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Figure 1: Location of the Nova JV EPLs 3669 and 3670 in relation to the wholly owned EPLs 3496 and 3497

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The latest results are very encouraging, with eight of nine holes intercepting uranium mineralisation highlighted by hole TN253RC and the discovery of two prospective zones, Barking Gecko North and Barking Gecko South (Figure 2).

One NW-SE oriented line, including three 200m-spaced holes was drilled at Barking Gecko South. The holes, namely TN250RC, TN252RC and TN254RC, were inclined at 70°SE. All three holes intersected uranium mineralisation hosted in alaskitic dykes (Figure 3). The mineralisation remains open to the northwest and southeast.

Two NW-SE orientated lines, each including four 100m-spaced holes, were drilled at Barking Gecko North. The two central holes of the northernmost line, TN245RC and TN246RC, were drilled in February 2021 and were previously reported on 12 February 2021. Due to the positive results of these holes, two additional holes, TN247RC and TN253RC, were drilled to the northwest and southeast respectively to test the continuity of the mineralisation. The holes were orientated to the northwest and angled at 70 degrees. Whilst TN247RC underperformed, TN253RC delivered an outstanding result, highlighted by thick uranium mineralisation including 14m at 404ppm eU3O8 from 81m and 45m at 222ppm eU3O8 from 120m (Figure 4). The mineralisation remains open to the east and southeast of TN253RC, making the area highly prospective and justifying further exploration drilling.

The second drill line included holes TN251RC, TN249RC, TN248RC and TN235RC, with the latter hole drilled earlier in 2020. The holes were inclined 70°NW.

Apart from TN248RC, all holes indicate that mineralisation is open at depth. In addition, the mineralisation in the discovery hole TN236RC drilled in early 2020 remains open to the southeast/east.

Televiewer down-hole logging technology ( OPTV ) for structural analysis was applied to all holes to improve the understanding of the structural setting of the mineralised alaskitic dykes.

In-house portable XRF (pXRF) assaying was carried out on 1,921 samples and showed that the mineralisation is uranium dominant, with minor thorium associated. U/(U+Th) ratios average at 0.8.

Table 1 in Appendix 1 shows the mineralised eU3O8 intersections.

All RC drill hole locations are listed in Table 2, Appendix 1.

Table 1, Appendix 2 shows sampling and quality control parameters for the exploration.

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Figure 2 : EPL3669, Barking Gecko Prospect drill hole locations showing the recent and previous drill hole locations.The drill hole collars are coloured in eU3O8 grade thickness values (GT: eU3O8 ppm xm)

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Figure 3 : EPL3669, Barking Gecko South, NW-SE drill section.

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Figure 4 : EPL3669, Barking North, NW-SE drill section.

Conclusion

The results of the 13 holes on the NJV Barking Gecko Prospect are very encouraging. Importantly, two highly prospective zones were identified, Barking Gecko North and Barking Gecko South.

The size of the area estimated at Barking Gecko South is 4km by 0.5km and the results indicate the potential for continuation of the mineralisation to the northwest and southeast.

The size of the area estimated at Barking Gecko North is 2km by 1 km and results indicate the potential for continuation of the mineralisation to the east, southeast and at depth.

Further drilling is planned in the second half of 2021 to test the extension of the mineralisation in both areas.

Yours faithfully

JOHN BORSHOFF Managing Director/CEO Deep Yellow Limited

This ASX announcement was authorised for release by Mr John Borshoff, Managing Director/CEO, for and on behalf of the Board of Deep Yellow Limited.

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For further information contact:

John Borshoff Managing Director/CEO T: +61 8 9286 6999

E: john.borshoff@deepyellow.com.au

Competent Person’s Statement

The information in this announcement as it relates to exploration results was provided by Dr Katrin Kärner, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Dr Kärner and Exploration Manager for Reptile Mineral Resources and Exploration (Pty) Ltd ( RMR ), has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Kärner consents to the inclusion in this announcement of the matters based on the information in the form and context in which it appears. Dr Kärner holds shares in the Company.

About Deep Yellow Limited

Deep Yellow Limited is a differentiated, advanced uranium exploration company, in predevelopment phase, implementing a contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company’s uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. A PFS was completed in early 2021 on its Tumas Project in Namibia and a DFS commenced February 2021. The Company’s cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well-regarded history of safely and effectively developing and regulating its considerable uranium mining industry.

Unit 17, Spectrum Building 100–104 Railway Road Subiaco, Western Australia 6008

PO Box 1770 Subiaco, Western Australia 6904

ASX & NSX (DYL) OTCQX (DYLLF)

www.deepyellow.com.au @deepyellowltd deep-yellow-limited

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ABN 97 006 391 948

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APPENDIX 1: Drill Hole Status and Intersections

Table 1. RC Drill Hole Details: Anomalous Intervals (Holes drilled between 11 February and 30 March 2021)

Drill Hole Status: eU3O8 intersections, cut-off 100ppm eU3O8, minimum thickness 1m

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Hole ID Depth From (m) Depth To (m) Thickness (m) eU3O8 (ppm)
29 31 2 185
TN247RC 84 85 1 137
121 122 1 105
TN248RC 207 211 4 111
145 146 1 161
TN249RC
161 164 3 221
106 107 1 138
110 111 1 105
127 128 1 207
154 155 1 168
TN250RC 165 174 9 141
176 178 2 103
183 184 1 103
192 194 2 114
199 207 8 235
TN251RC 247 248 1 127
76 77 1 153
81 82 1 113
96 97 1 118
TN252RC
133 134 1 103
138 139 1 124
169 171 2 166
66 70 4 189
81 95 14 404
98 100 2 113
113 115 2 176
120 165 45 222
TN253RC 171 176 5 145
179 180 1 244
188 189 1 106
196 202 6 270
206 221 15 168
226 227 1 161
TN254RC 77 87 10 177
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Table 2: RC Drill Hole Locations (Holes drilled between 11 February and 30 March 2021)

Drill Hole Status: Locations

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Hole ID EOH (m) Easting Northing Azimuth Dip RL (m)
TN247RC 250 479219 7477172 310 -70 214
TN248RC 250 479216 7476864 310 -70 215
TN249RC 250 479134 7476925 310 -70 213
TN250RC 253 478624 7476452 150 -70 206
TN251RC 250 479058 7476983 320 -70 213
TN252RC 199 478773 7476318 150 -70 210
TN253RC 250 479454 7476997 320 -70 216
TN254RC 253 478910 7476167 165 -70 211
TN255RC 254 478936 7476700 165 -70 226
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APPENDIX 2: Table 1 Report (JORC Code 2012 addition)

JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

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Criteria JORC Code explanation  Commentary
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Sampling techniques		Nature and quality of sampling (eg cut channels, random		The current drilling relies on down hole gamma data from calibrated probes
		chips, or specific specialised industry standard measurement		which were converted into equivalent uranium values (eU3O8) by experienced
		tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample		DYL personnel and will be confirmed by a competent person (geophysicist). Appropriate factors were applied to all downhole gamma counting results to make allowance for drill rod thickness, gamma probe dead times and incorporating all other applicable calibration factors.
		representivity and the appropriate calibration of any measurement tools or systems used.	Total gamma eU3O8
		Aspects of the determination of mineralisation that are		33mm Auslog total gamma probes were used and operated by company
		Material to the Public Report.		personnel.
		In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where	 	Gamma probes were calibrated at Pelindaba, South Africa, in May 2007 and in December 2007. Between 2008 and 2013 sensitivity checks were conducted by periodic re- logging of a test hole (Hole-ALAD1480) to confirm operation.
		there is coarse gold that has inherent sampling problems.		Auslog probes were again re-calibrated at the calibration pit located at Langer
		Unusual commodities or mineralisation types (eg submarine		Heinrich Mine site in December 2014, May 2015, August 2017, July 2018 and
		nodules) may warrant disclosure of detailed information.		September 2019.
				During the drilling, the probes were checked daily against a standard source.
				Gamma measurements were taken at 5cm intervals at a logging speed of
				approximately 2m per minute.
				Probing was done immediately after drilling mainly through the drill rods and in
				some cases in the open holes. Rod factors have been established once
				sufficient in-rod and open-hole data were available to compensate for the
				reducedgamma counts when loggingwas done through the drill rods. No

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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

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Criteria JORC Code explanation  Commentary
correction for water was done. The majority of drill holes were dry.
 All gamma measurements were corrected for dead time which is unique to the
probe.
 All corrected (dead time and rod factor) gamma values were converted to
equivalent eU3O8 values over the same intervals using the probe-specific K-
factor.
Chemical assay data
 Geochemical samples were derived from Reverse Circulation (RC) drilling at
intervals of 1 m. Samples were split at the drill site using a riffle splitter to obtain
a 0.5kg sample of which an approximately 25 g subsample was obtained for
portable XRF-analysis at RMR's in-house laboratory..
Drilling techniques  Drill type (eg core, reverse circulation, open-hole hammer,  RC drilling was used for the Nova JV drilling program.
rotary air blast, auger, Bangka, sonic, etc) and details (eg  All holes are drilled at an angle of 70 degrees and intersections are reported as
core diameter, triple or standard tube, depth of diamond tails, downhole not true thicknesses.
face-sampling bit or other type, whether core is oriented and
if so, by what method, etc).
Drill sample recovery  Method of recording and assessing core and chip sample  Drill chip recoveries are good at around 90%.
recoveries and results assessed.  Drill chip recoveries were assessed by weighing 1m drill chip samples at the
 Measures taken to maximise sample recovery and ensure
drill site. Weights were recorded in sample tag books.
representative nature of the samples.  Sample loss was minimised by placing the sample bags directly underneath
 Whether a relationship exists between sample recovery and
cyclone/splitter.
grade and whether sample bias may have occurred due to
preferential loss/gain of fine/coarse material.
Logging  Whether core and chip samples have been geologically and  All drill holes were geologically logged.
geotechnically logged to a level of detail to support  The logging was semi-quantitative in nature. The lithology type as well as
appropriate Mineral Resource estimation, mining studies and
subtypes were determined for all samples.
metallurgical studies.
 Whether logging is qualitative or quantitative in nature. Core  Other parameters routinely logged included colour, colour intensity, weathering,
(or costean, channel, etc) photography. grain size and total gamma count (by handheld Rad-Eye scintillometer).
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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

Criteria	JORC Code explanation		Commentary
	 The total length and percentage of the relevant intersections logged.
Sub-sampling techniques and sample preparation	 If core, whether cut or sawn and whether quarter, half or all core taken.  If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.  For all sample types, the nature, quality and appropriateness of the sample preparation technique.  Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.  Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.  Whether sample sizes are appropriate to the grain size of the material being sampled.	   	A rig-mounted 75:25 riffle splitter was used to treat a full 1m sample from the cyclone. The sample was further split using a 50:50 riffle splitter to obtain a 0.5kg sample. No field duplicates were taken. Most sampling was dry. The above sub-sampling techniques are common industry practice and appropriate. Sample sizes are considered appropriate to the grain size of the material being sampled.
Quality of assay data and laboratory tests	 The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.  For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.  Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	 	Downhole gamma tools were used as explained under ‘Sampling techniques’. This is the principal evaluating technique. Standards and blank samples are inserted during portable XRF analysis at an approximate rate of one each for every 20 samples which is compatible with industry norm.
Verification of	 The verification of significant intersections by either		Geology was directly recorded into a tablet in the field and sample tag books
sampling and	independent or alternative company personnel.		filled in at the drill site.
assaying	 The use of twinned holes.  Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.  Discuss any adjustment to assay data.	 	The drill data of those logs and tag books (lithology, sample specifications etc.) were transferred by designated personnel into a geological database. Equivalent eU3O8values have previously been and were for the current program calculated from raw gamma files by applying calibration factors and
			casing factors where applicable.
			The adjustment factors were stored in the database.

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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

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Criteria JORC Code explanation  Commentary
 Equivalent U3O8 data were composited to 1m intervals.
 The ratio of eU3O8 vs assayed U3O8 for matching composites will be used to
quantify the statistical error.
Location of data  Accuracy and quality of surveys used to locate drill holes  The collars will be surveyed by in-house operators using a differential GPS.
points (collar and down-hole surveys), trenches, mine workings and
other locations used in Mineral Resource estimation.  Down-hole surveying data was obtained during OPTV logging by Terratec
 Specification of the grid system used. Geophysical Services.
 Quality and adequacy of topographic control.  The grid system is World Geodetic System (WGS) 1984, Zone 33.
Data spacing and  Data spacing for reporting of Exploration Results.  The data spacing and distribution is optimized to test the selected exploration
distribution  Whether the data spacing and distribution is sufficient to targets.
establish the degree of geological and grade continuity  The total gamma count data, which is recorded at 5cm intervals, was used to
appropriate for the Mineral Resource and Ore Reserve
calculate equivalent uranium values (eU3O8) which were composited to 1m
estimation procedure(s) and classifications applied.
 Whether sample compositing has been applied. composites down-hole.
Orientation of data in  Whether the orientation of sampling achieves unbiased  The basement target mineralisation is vertical to steeply dipping and the drill
relation to geological sampling of possible structures and the extent to which this is holes are aimed at appropriate angles into the target zones. The intersections
structure known, considering the deposit type.
will not represent the true width and have to be evaluated for each hole
 If the relationship between the drilling orientation and the
depending on the structural and geological setting.
orientation of key mineralised structures is considered to
have introduced a sampling bias, this should be assessed  All holes were sampled down-hole from surface. Geochemical samples are
and reported if material. being collected at 1m intervals. Total-gamma count data is being collected at
5cm intervals.
Sample security  The measures taken to ensure sample security.  1m RC drill chip samples were prepared at the drill site. The samples are stored
in plastic bags. Sample tags were placed inside the bags. The samples were
placed into plastic crates and transported from the drill site to RMR’s site
premises in Swakopmund by Company personnel for analysis by portable XRF.
 Upon completion of the assay work the remainder of the drill chip sample bags
for each hole will be packed back into crates and then stored in designated
containers in chronological order, locked up and kept safe at RMR’s dedicated
sample storage yard at Rocky Point located outside Swakopmund.
Audits or reviews  The results of any audits or reviews of sampling techniques  D. M. Barrett (PhD MAIG) conducted an audit of gamma logging procedures
and data.
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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

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Criteria JORC Code explanation  Commentary
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and log reduction methods used by Deep Yellow Limited.  He concluded his audit commenting: “In summary, it is my belief that the equivalent uranium grades reported by Reptile from their gamma logging program are reliable and are probably within a few percent to the true grade”.

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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

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Criteria JORC Code explanation Commentary
Mineral tenement and land  Type, reference name/number, location and  The work to which the exploration results relate was undertaken on Exclusive
tenure status ownership including agreements or material issues Prospecting grant EPL3669.
with third parties such as joint ventures, partnerships,  The EPL was originally granted to Nova Energy (Namibia) (Pty) Ltd in 2005.
overriding royalties, native title interests, historical
sites, wilderness or national park and environmental  The EPL is in good standing and valid until 22 March 2022.
settings.
 The security of the tenure held at the time of
Nova Energy (Namibia) (Pty) Ltd – (NJY) is an incorporated joint venture having
reporting along with any known impediments to
following partners:
obtaining a licence to operate in the area.
Reptile Mineral Resources & Exploration (Pty) Ltd (RMR) - Manager
Nova Energy (Namibia) (Pty) Ltd
Sixzone Investments (Pty) Ltd
In March 2017 Deep Yellow signed a landmark Joint Venture agreement with Japan
Oil Gas and Metals National Corporation (JOGMEC), a highly significant move by the
minerals investment arm of Japan’s government. JOGMEC can earn a 39.5% interest
in two EPLs by spending A$4.5 million over four years while Deep Yellow remains
manager of the Joint Venture. After fulfilment of the earn-in obligation in September
2020 equity distribution in the Nova JV is now as follows:
Reptile Mineral Resources & Exploration (Pty) Ltd 39.5% (and Manager)
Subsidiary of Deep Yellow Limited
Japan Oil, Gas and Metals National Corporation 39.5% (right to equity)
(JOGMEC)
Nova Energy (Africa) Pty Ltd 15%
Subsidiary of Toro Energy Ltd
Sixzone Investments (Pty) Ltd 6% (carried interest)
Namibia
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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

Criteria	JORC Code explanation	Commentary	Commentary
		 	The EPL is located within the Namib-Naukluft National Park in Namibia. There are no known impediments to the project beyond Namibia’s standard permitting procedures.
Exploration done by other parties	 Acknowledgment and appraisal of exploration by other parties.	 	Prior to RUN’s ownership of this EPL, extensive work was conducted by Anglo American Prospecting Services (AAPS), General Mining and Falconbridge in the 1970s. Assay results from the historical drilling are available to RUN on paper logs. They were not captured digitally and will not be used for resource estimation.
Geology	 Deposit type, geological setting and style of mineralisation.	 	Alaskite type uranium mineralisation occurs on the Nova JV ground and is the main target of the current drilling program. It is associated with sheeted leucogranite intrusions into the basement rocks of the Damara orogen. Palaeochannel type mineralisation occurs as secondary carnotite enrichment of variably calcretised palaeochannel and sheet wash sediments and adjacent weathered bedrock. Uranium mineralisation is surficial, strata-bound and hosted by Cenozoic and possibly Tertiary sediments, which include from top to bottom scree sand, gypcrete, and calcareous (calcretised) as well as non- calcareous sand, grit and conglomerate.
Drill hole Information	 A summary of all information material to the		9 RC holes for a total of 2,208m, which are the subject of this announcement,
	understanding of the exploration results including a		have been drilled in the current program between 11thFebruary and 30 March
	tabulation of the following information for all Material		2021.
	drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above		All holes were drilled angled 70 degree. Holes at Barking Gecko North were orientated northwest, whereas holes at Barking Gecko South were orientated
	sea level in metres) of the drill hole collar		southeast. As such, intersections measured do not present true thicknesses.
	o dip and azimuth of the hole		Table 2 in Appendix 1 lists all the drill hole locations. Table 1 lists the results of
	o down hole length and interception depth		intersections greater than 100ppm eU3O8over 1m.
	o hole length.
	 If the exclusion of this information is justified on the
	basis that the information is not Material and this
	exclusion does not detract from the understanding of
	the report, the Competent Person should clearly
	explain why this is the case.

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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

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Criteria JORC Code explanation Commentary
Data aggregation methods  In reporting Exploration Results, weighting averaging  5cm intervals of down-hole gamma counts per second (cps) logged inside the
techniques, maximum and/or minimum grade drill rods were composited to 1m down hole intervals showing greater than
truncations (e.g. cutting of high grades) and cut-off
100cps values over 1m.
 grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths  No grade truncations were applied.
of high-grade results and longer lengths of low-grade
results, the procedure used for such aggregation
should be stated and some typical examples of such
aggregations should be shown in detail.
 The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Relationship between  These relationships are particularly important in the  Alaskite type mineralisation is vertical to steeply dipping in nature. The
mineralisation widths and reporting of Exploration Results. intersections of this exploration drilling program do not represent true width
intercept lengths  If the geometry of the mineralisation with respect to and each intersection must be evaluated in accordance with its structural
the drill hole angle is known, its nature should be
setting.
reported.
 If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg ‘down hole length, true width not known’).
Diagrams  Appropriate maps and sections (with scales) and  Appendix 1 (Table 2) shows all drill hole locations.
tabulations of intercepts should be included for any  A location map is included in the text.
significant discovery being reported These should
include, but not be limited to a plan view of drill hole
collar locations and appropriate sectional views.
Balanced reporting  Where comprehensive reporting of all Exploration  Comprehensive reporting of all exploration results is practised and will be
Results is not practicable, representative reporting of finalised on the completion of the drilling program.
both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration
Results.
Other substantive  Other exploration data, if meaningful and material,  The wider area was subject to extensive drilling in the 1970s and 1980s by
exploration data should be reported including (but not limited to): Anglo American Prospecting Services, Falconbridge and General Mining.
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
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APPENDIX 3: Table 1 Report (JORC Code 2012 addition) (continued)

Criteria	JORC Code explanation	Commentary
	substances.
Further work	 The nature and scale of planned further work (e.g.	Further exploration drilling work is planned on EPL3669 for both alaskite and
	tests for lateral extensions or depth extensions or	palaeochannel targets that reported positive results.
	large-scale step-out drilling).
	 Diagrams clearly highlighting the areas of possible
	extensions, including the main geological
	interpretations and future drilling areas, provided this
	information is not commercially sensitive.

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