Deep Yellow Limited (ASX:DYL) Faces Fifth Legal Challenge in Namibia
Legal Proceedings
Deep Yellow Limited has announced that Jurgen Hoffman and Tumas Granite CC have filed a Notice of Motion Review in the High Court of Namibia. The Applicants seek to set aside the company’s Mining Licence ML237 and the associated Environmental Clearance Certificate. This marks the fifth application since 2011 challenging the company’s rights concerning ML237 and Exploration Prospecting Licences 3496 and 3497.
Company Response
The company considers the latest application to be without merit and has stated it will take all necessary action to protect its interests, as it has done previously. Deep Yellow Limited was issued ML237 after complying with all relevant laws and regulations.
Executive Comments
JOHN BORSHOFF, Managing Director/CEO of Deep Yellow Limited, stated, “The Company considers this latest application to be without merit and will take all necessary action to protect its interests, as it has done on all previous occasions. The Company was issued with ML237 after having complied with all relevant laws and regulations.”
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