Australia's Deep Yellow falls after low-grade offshore ore results

DEEP YELLOW

28/12/2023 02:14

** Shares of Deep Yellow  DYL.AX  fall as much as 6.2% to
A$1.060
    ** Stock eyes worst day since Nov. 16, if losses hold
    ** Uranium miner says drilling completed at offshore mine in
Namibia with low-grade uranium mineralisation results
    ** Co adds western end of project requires no further
prospecting due to lower quantity of favourable ore in the area
    ** Stock has risen 61.4% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))