Deep Yellow Ltd (ASX:DYL) is currently finalising a capital raising, and the ASX has granted the company more time with a voluntary suspension, following a trading halt.
The company anticipates that it will be able to provide an update to shareholders on or before 26 October 2016.
Deep Yellow is focussed on uranium in Namibia, and recently increased the Tumas resource to 16.6 million tonnes at 366ppm uranium oxide for 13.4 million pounds of uranium oxide.
Importantly, 62% is in the measured category.