Deep Yellow Limited announced completion of a positive Tumas Project Scoping Study on its Reptile Uranium Project in Namibia. The Company further advised that it will proceed with a Pre-Feasibility Study (PFS) commencing late January 2020, expected to be completed in the December quarter of this year. The PFS has now been initiated and Deep Yellow advises the following with regard to advancing this study. Resource Drilling: Resource RC drilling commenced on 27 January 2020. The drill program is focused on upgrading 40 to 50% of the Inferred Resource base at the Tumas 3 deposit to an Indicated Resource status. This is estimated to require 5,000m of drilling and is scheduled for completion in March/April 2020. A further 5,000m is budgeted for ongoing resource identification and upgrade drilling. The triple-tube diamond drilling program recommenced on 12 January and is scheduled for completion by the end of January. This program is generating samples for mineralogical studies, as well as approximately 1,000kg of mineralised core (590kg collected by December 2019) required for initial metallurgical test work (primarily leaching and beneficiation work). When available, the balance of the metallurgical samples will be shipped to Perth for testing.