Australia's Deep Yellow rises on Namibia uranium prospects

DEEP YELLOW

22/12/2021 02:33

** Shares of uranium explorer  DYL.AX  rise as much as 5.14%
to A$0.920, highest since Dec. 10
    ** Co says shallow drilling program completed at Omahola
Basement Project in Namibia has confirmed "highly prospective"
nature of the target zone  urn:newsml:reuters.com:*:nASX1Y45kW
    ** Says Omahola is in the Alaskite Alley corridor which has
major uranium deposits
    ** Co has identified three priority targets for immediate
drilling 
    ** Shares post their biggest intraday gain since Dec. 16
    ** As of last close, stock up 88.2% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))