29 Jan 2021other▲ Good
Deep Yellow was named in the 2021 OTCQX Best 50, a ranking of top US-market performers based on 2020 one-year return and trading volume growth. Recognition only, with no operational or financial impact stated.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Jan 2021quarterly activities report● Neutral
December quarter cash flow: cash fell to A$9.719M from A$10.914M. Operating outflow was A$512k and investing outflow A$939k, mostly capitalised exploration of A$1.062M. No debt and no equity raised.
21 Jan 2021quarterly activities report● Neutral
December quarter report recaps Tumas 3 and Tubas drilling. New: 1,000kg metallurgical sample reached Perth, two Barking Gecko holes drilled with narrow results, and the Tumas PFS is finalised and under board review.
19 Jan 2021security holder rights change● Neutral
Reminder of listed option terms: 50 cent exercise price, expiry 1 June 2022. If shares trade above 78 cents for 20 consecutive trading days, holders get 22 business days to exercise or lose the options. No terms changed.
10 Dec 2020admin correction● Neutral
Issue of 431,363 shares on rights vesting, 770,000 performance rights, 229,884 director options and 10,918,707 Loan Shares after the AGM. Director disclosure notices were filed late through an administrative oversight, which the company says it has addressed.
9 Dec 2020drilling result▲ Good
Tubas drilling paused for Christmas after 70 holes for 1,831m; 60% hit over 100ppm. Best was 4m at 442ppm. Results suggest eastern Tubas mineralisation connects to Tumas Central, a possible resource expansion. Drilling resumes in 2021.
30 Nov 2020investor presentation● Neutral
Amended version of the 26 November 2020 AGM presentation, with changes to Slide 3 only. The visible text does not say what changed and shows no new results or figures.
26 Nov 2020investor presentation● Neutral
Corporate presentation for the 26 November 2020 AGM, covering the uranium market outlook and company strategy. The visible text shows no new results or announcements.
16 Nov 2020admin correction● Neutral
Addendum to the September quarterly report: A$939,000 spent on exploration and evaluation in the quarter, mainly PFS, environmental assessment and drilling. No mining development or production. Disclosure of required spending detail only.
13 Nov 2020joint venture update▲ GoodMajor
JOGMEC completed its A$4.5M Nova JV earn-in in September 2020, leaving Deep Yellow and JOGMEC with 39.5% each, Toro 15%, Sixzone 6%. Partners approved an A$570,000 budget to 31 March 2021 for a 13-hole, 3,200m Barking Gecko drilling program, starting 13 November.
29 Oct 2020drilling result▲ Good
Second phase of Tumas 3 drilling finished (53 holes, 1,115m), testing the deposit edges; 57% had over 100ppm over 1m. Best was 5m at 454ppm. PFS drilling is complete, and PFS completion is now expected late November, versus the December quarter earlier.
27 Oct 2020agm notice● Neutral
Notice of the Annual General Meeting for 26 November 2020 in West Perth, with a remuneration report vote and a proxy deadline of 24 November. Routine administrative notice.
23 Oct 2020investor presentation● Neutral
Corporate presentation to the OTC virtual conference on 22 October 2020. It repeats known Tumas resources and PFS status, and states cash of A$11M at September 2020 and 'advanced' M&A opportunities. No deal announced.
19 Oct 2020quarterly activities report● Neutral
September quarter report recaps known results: Tumas 3 phase-one drilling (7m at 5,820ppm), Ausenco and Cube Consulting appointed, EIA progressing, Tumas PFS due December quarter. Cube will prepare the maiden Ore Reserve. Mostly previously announced.
25 Sept 2020annual report● Neutral
2020 Annual Report with audited accounts for the year to 30 June 2020. The visible text restates known FY20 achievements (Tumas Scoping Study, PFS start, Nova JV results). Board unchanged; no new figures shown in the extract.
25 Sept 2020other● Neutral
Corporate Governance Statement and Appendix 4G for the year to 30 June 2020, adopted by the board on 23 September 2020. Routine compliance filing with no new commercial information.
25 Sept 2020regulatory community update● Neutral
Deep Yellow released its first Sustainability Report, covering environmental, social and governance practice for the year to 30 June 2020. Reporting document only; the text shows no new results or financial figures.
24 Sept 2020drilling result▲ GoodMajor
First phase of Tumas 3 drilling finished: 38 holes, 92% with over 100ppm over 1m. Hole T3I284 hit 7m at 5,820ppm, the highest grade on the deposit. The 1,000kg metallurgical sample is collected; 52 holes remain. Supports the 36.8Mlb resource.
7 Sept 2020drilling spud▲ Good
Drilling restarted at Tumas on 7 September: about 90 RC holes for 1,800m, due to finish in October 2020. It will collect over 1,000kg of metallurgical samples and consolidate resources for the PFS area. A project manager was appointed for the environmental assessment.
19 Aug 2020contract award▲ GoodMajor
Ausenco appointed to complete engineering and a Class 4 capital cost estimate for the Tumas PFS, which remains on track for the December 2020 quarter. The Environmental Impact Statement runs in parallel, with the Mining Licence Application intended for the March 2021 quarter.
13 Aug 2020other● Neutral
Administrative equity notices: 364,365 new performance rights for Namibian employees, and 165,953 vested rights converted into shares. A corrected Appendix 3Y for Gillian Swaby fixes a clerical error on 18,000 shares. Not new funding.
24 July 2020quarterly activities report● Neutral
June quarter Appendix 5B: cash fell to A$12.12M from A$12.86M, with operating outflow A$231k and A$192k received from JOGMEC. No new equity raised and no debt shown. Spending is lower after the COVID-19 program cuts.
14 July 2020quarterly activities report▲ Good
June quarter report recaps known results: Tumas metallurgy confirmed on diamond core, the Tumas 3 resource upgrade to 36.8Mlb, and the Nova JV Barking Gecko results. Process design criteria for the PFS are finalised. No new results.
9 July 2020drilling result▲ GoodMajor
Nova JV drilling at Barking Gecko (EPL3669) hit thicker basement uranium than earlier narrow results, best 24m at 297ppm in TN236RC. Seven of 2,000m program holes done; all hit mineralisation. It follows the weak 2019 EPL3670 results, and drilling and evaluation are due to finish by end July.
12 May 2020resource reserve update▲ GoodMajor
Tumas 3 infill drilling converted 96.4% of Inferred resource in the drilled area to Indicated. Tumas 3 now totals 36.8Mlb at 328ppm (24.1Mlb Indicated), up from 33.1Mlb Inferred. Measured and Indicated at Tumas 1-3 is 37.2Mlb, enough for the PFS. Resolves the May update.
8 May 2020investor presentation● Neutral
Corporate presentation from the OTC virtual investor conference on 7 May 2020, covering the company's growth strategy. The text provided shows no new announcements or figures beyond what was already disclosed.
6 May 2020drilling result▲ Good
First Tumas PFS metallurgical tests on RC samples matched or beat Scoping Study assumptions, with overall uranium recovery above the 92.2% assumed. Confirmatory diamond core tests are due by end June, then PFS design criteria can be completed.
28 Apr 2020quarterly activities report● Neutral
March quarter Appendix 5B: cash fell to A$12.86M from A$14.12M, with operating outflow A$381k and A$199k received from JOGMEC for the Nova JV. No debt shown and no new funding. Cash is slightly below the roughly A$13M flagged on 6 April.
14 Apr 2020quarterly activities report▲ Good
March quarter report: Tumas PFS progressing, with early metallurgical tests supporting Scoping Study assumptions. Tumas 3 infill drilling completed (246 holes, 5,154m). Updated Tumas 3 resource expected early May. COVID-19 work program changes recapped. Mostly known results.
6 Apr 2020other▼ BadMajor
Reacting to COVID-19, Deep Yellow cut its work program to the end of June 2020, keeping the Tumas PFS and selected M&A work. Cash was about A$13M. Labour costs and directors' fees are to be reduced; other activities are suspended.