Each one in plain English, with the numbers worked through for a shareholder.
5 Aug 2021drilling result▲ GoodMajor
First four holes of the Nova JV Barking Gecko North follow-up program all hit uranium. TN258RC returned 62m at 537ppm, the best intersection there so far, and ended in mineralisation. The 14-hole, 3,500m phase is due to finish mid-September.
29 July 2021resource reserve update▲ GoodMajor
Tumas 3 resource upgraded to 59.9Mlb at 308ppm, up from 49.8Mlb in the February PFS, with Indicated now 54.9Mlb (from 28.4Mlb). Infill drilling converted Inferred to Indicated, resolving the delayed update. Management says it supports the 20-year-plus mine life target.
27 July 2021regulatory community update▲ GoodMajor
Tumas Mining Licence Application was lodged 21 July 2021 as MLA 237. Grant is expected within 18 months, after the DFS, environmental assessment and clearance are submitted. DFS targets a 20-year-plus mine life at about 3Mlb a year, due late 2022.
20 July 2021quarterly activities report● Neutral
Cash flow report for the June 2021 quarter: cash rose to A$52.4M from A$51.3M, helped by A$3.3M of option exercise proceeds. Operating outflow was A$457k and exploration spend A$1.7M; no debt. Matches the quarterly report already released.
20 July 2021quarterly activities report▲ Good
June quarter report: Tumas DFS on schedule for December quarter 2022, environmental scoping report lodged and Mining Licence Application due by end July. Cash A$52.4M. Nova JV has a A$1.1M budget; 51M options at 50c remain unexercised.
13 July 2021drilling result● Neutral
Tumas 3 infill program is complete: 911 holes, 17,679m. Tumas 3 West was weaker, with 36% of holes over 100ppm, as expected for the edge of the deposit. Resource update now due late July (slipped again); Tumas 1 East drilling has begun.
8 June 2021drilling result▲ Good
Infill drilling at Tumas 3 Central finished: 359 holes, 7,634m; 804 holes in total since February. Best result 8m at 2,242ppm. Drilling has moved to Tumas 3 West; updated Tumas 3 resource now expected late June, slipping from the earlier June estimate.
4 June 2021other● Neutral
Administrative notice: 25,000 shares issued on conversion of performance rights, 18,000 new performance rights granted to staff, and 53,030 rights lapsed. Immaterial.
25 May 2021investor presentation● Neutral
Corporate presentation for the 121 Mining Investment EMEA Conference, 25-27 May 2021. Visible text shows only the title page and disclaimers, with no new results or figures.
25 May 2021admin correction● Neutral
Late Appendix 3X filed for new Chairman Chris Salisbury, who holds no securities. The filing was missed through administrative oversight, another late director notice following those of December 2020. Administrative only.
21 May 2021other▲ Good
Deep Yellow was added to the MSCI Australia MicroCap Index, effective 27 May 2021, in the index provider's semi-annual rebalance. No effect on operations or projects is stated.
12 May 2021director officer appointment▲ GoodMajor
Chris Salisbury, ex-Rio Tinto and former head of Rössing and ERA, replaces Rudolf Brunovs as Chairman. Brunovs stays as non-executive director. Further board changes are anticipated in the second half of 2021.
7 May 2021director officer appointment▲ Good
Andrew Mirco, a former Paladin Energy treasury and corporate development executive, was appointed Head of Business Development. He will pursue acquisitions and later lead project financing for Tumas, advancing the stated acquisition strategy; no deal is announced.
5 May 2021drilling result▲ Good
First phase of Tumas infill drilling finished at Tumas 3 East: 445 holes, 6,987m, with 48% hitting over 100ppm. Best result 7m at 997ppm. Supports converting Inferred resource to Indicated; updated Tumas 3 East resource due late May. Phase two has started at Tumas 3 Central.
22 Apr 2021quarterly activities report▲ Good
March quarter report recaps the PFS, the raising and Barking Gecko. New: 156 Tumas 3 infill holes drilled (2,742m), Ausenco stays on for DFS early works, DFS due end 2022, and updated resource due June 2021. Cash is A$51.3M.
22 Apr 2021quarterly activities report● Neutral
Cash flow report for the March 2021 quarter: cash rose to A$51.3M from A$9.7M after A$42.8M equity raised plus A$2.4M from option exercises, less A$2.2M costs. Operating outflow was A$618k; no debt. Matches the figures in the quarterly report.
20 Apr 2021investor presentation● Neutral
Corporate presentation for the H.C. Wainwright Spring Mining Conference on 19 April 2021. The visible text shows only a title page and disclaimers, with no new results or figures.
20 Apr 2021drilling result▲ GoodMajor
Barking Gecko follow-up drilling finished: 13 holes, about 3,200m. Eight of nine new holes hit uranium, best TN253RC with 14m at 404ppm and 45m at 222ppm. Two zones, North and South, identified; more drilling planned for second half of 2021.
19 Apr 2021investor presentation● Neutral
Notice that John Borshoff will present at the H.C. Wainwright Spring Mining Conference on 19 April, covering the Tumas PFS and DFS, exploration and the uranium sector. No new results.
8 Apr 2021investor presentation● Neutral
Corporate presentation for the Sprott Capital Partners Uranium Conference on 7 April 2021. The visible text shows only disclaimers and a title page, with no new results or figures.
1 Apr 2021admin correction● Neutral
Director interest notices filed after the share purchase plan shares were issued. For example, John Borshoff bought 8,290 shares at A$0.65, lifting his direct holding to 56,677. Administrative disclosure only.
23 Mar 2021capital raising announcement▲ Good
The share purchase plan was heavily oversubscribed: applications for A$7.423M against a A$2M cap, so each applicant gets 26.9457% of their request. 3,076,874 shares at A$0.65 will be issued, raising A$1,999,968.
What it means for a shareholder
3.1m new shares at A$0.650 to raise about A$2.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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5 Mar 2021half year report● Neutral
Half-year report to 31 December 2020 covers work already announced: Tumas PFS completed, Tumas 3 infill drilling, and JOGMEC's A$4.5M earn-in at Nova JV. Visible text shows no new results; 161 holes (3,770m) were drilled at Tumas 3 and Tubas.
25 Feb 2021capital raising announcement● Neutral
The share purchase plan opened to eligible shareholders, offering up to A$30,000 each at A$0.65, the same price as the placement, to raise up to A$2M. Offer documents were sent out. Continues the February raising.
24 Feb 2021capital raising announcement▲ Good
The A$40.8M placement completed: 62,768,803 shares issued at A$0.65 to institutional investors, with Euroz Hartleys and Aitken Murray as joint lead managers. Confirms the 18 February raising; a cleansing notice was attached.
What it means for a shareholder
62.8m new shares at A$0.650 to raise about A$40.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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18 Feb 2021capital raising announcement▲ GoodMajor
Deep Yellow raised about A$40.8M from institutions at A$0.65 per share (62,768,803 shares), with a further A$2M share purchase plan offered. Pro-forma cash about A$50M, to fund the Tumas DFS, exploration and targeted acquisitions, following the PFS.
What it means for a shareholder
62.8m new shares at about A$0.650 to raise about A$40.8m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
12 Feb 2021drilling result▲ Good
Barking Gecko drilling resumed after structural re-interpretation. Two new holes hit 27m at 291ppm and 11m at 214ppm, following narrow December results. Four holes (1,001m) done of the 3,200m program; completion expected by end March.
11 Feb 2021drilling spud▲ GoodMajor
Infill drilling began for the Tumas DFS: 700-800 RC holes for about 15,000m over four months at Tumas 3 and Tumas 1 East. It aims to convert the remaining 51.2Mlb Inferred to Indicated, targeting about 95% conversion as in the PFS.
10 Feb 2021investor presentation● Neutral
Corporate presentation summarising the Tumas PFS outcomes announced the same day. It repeats known results, with no new figures visible in the extract.
10 Feb 2021resource reserve update▲ GoodMajor
Tumas PFS completed: maiden Probable Ore Reserve of 31.0Mlb, 11.5-year mine life, NPV US$207M, IRR 21.1%, C1 cost US$27.3/lb, initial capex US$98M per Mlb of capacity. Board approved proceeding straight to a Definitive Feasibility Study. Resolves the long-pending PFS.
