Annual report on EL 24547 Nonouba 17 August 2009 to 16 August 2010

Abstract

The Nonouba tenement, currently covering 178 blocks, is located approximately 70 kilometres southwest of Alice Springs. EL 24547 was granted to Deep Yellow Ltd on 17 August 2007. The Nonouba ground was previously explored for uranium by Uranerz from 1972-1983. Uranerz identified two prospects, Daria and Nonouba, and returned assays up to 1,900 ppm U3O8 over 0.5m, hosted by carbonaceous-pyritic Undandita Sandstone. The target is roll front uranium mineralisation as delineated at the Angela-Pamela project of Paladin/Cameco. During the second year of term DYL undertook an RC drilling programme following a site clearance survey by the Aboriginal Areas Protection Authority. Work during the current reporting period has been limited to data review and rehabilitation monitoring.