EL 24246 and EL 24606 Napperby Project GR081 Annual report 28 November 2011 to 27 November 2012

Abstract

During the reporting period DYL undertook only office related review of the AEM data with respect to identifying areas to relinquish at the anniversary date. DYL has continued to try to joint venture the Napperby Project tenements, however the continued downturn of the uranium section during 2012 meant that only opportunistic bids were received which DYL rejected. In December 2012 and January 2013 the Company received two bids which it is evaluating, both of which would include exploration drilling to extend the Napperby resource and to explore for new deposits within the project tenements.