Each one in plain English, with the numbers worked through for a shareholder.
28 May 2013security holder rights change● Neutral
Voluntary escrow on 50m shares issued to Raptor Partners ends 12 June 2013. These were part of 129.3m shares (A$14.9m, 11.52c deemed price) for ending the earn-out. 79.3m shares remain escrowed until 2014 and 2015. Possible extra shares available to trade.
27 May 2013director officer appointment● Neutral
Executive director Martin Kavanagh's service agreement was terminated and he left the board immediately. The company says this reflects its much reduced focus on Australian assets, which it is divesting.
23 May 2013investor presentation● Neutral
Darwin conference presentation by Martin Kavanagh focuses on divesting the Australian projects, including Napperby (7.4 Mlb Inferred). Shows 1,560.7m shares, about A$70m market cap at 5.0c and about A$5.5m net cash. Total resources 119 Mlb; mostly known facts.
16 May 2013other● Neutral
Link to a Boardroom Radio interview with the Managing Director about the uranium market. No new company information in the announcement itself.
2 May 2013regulatory community update▲ Good
An environmental scoping report for the Ongolo area of Omahola has been lodged in Namibia, starting the environmental approval needed before a mining licence. The company says this can take up to two years; the INCA area was approved in February 2012.
2 May 2013regulatory community update● Neutral
An environmental scoping report for the Tumas Palaeochannel Project has been lodged in Namibia, running alongside the Ongolo assessment. The company says it is not currently progressing technical studies on Tumas, and approval can take up to two years.
29 Apr 2013asset acquisition disposition● Neutral
Krucible Metals, DYL's partner, has acquired the remaining 20% of the Pilgrim tenement (EPM 15072) from a DYL subsidiary for 1.2m Krucible shares at 8c, which is a condition of its proposed sale to Daton. This ends DYL's 20% interest in Pilgrim.
9 Apr 2013admin correction● Neutral
Corrected re-release of the 4 April PhillipCapital presentation to fix formatting on slides 6 and 8. No new substance.
4 Apr 2013investor presentation● Neutral
PhillipCapital roundtable presentation repeats known facts: Omahola 45.1 Mlb with a 50 Mlb target and production from 2016. Shows 1,560.7m shares, about A$6m net cash and a 5.0c share price.
4 Apr 2013other▲ GoodMajor
First column leach test shows about 80% uranium recovery in 7 days using 12.4 kg/t acid, suggesting heap leach could suit Omahola. At a 150 ppm cut-off the resource is 139.7 Mt at 269 ppm for 82.9 Mlb, versus 45.1 Mlb at 250 ppm. A trade-off study is planned.
15 Mar 2013other● Neutral
Paladin Form 604: its stake moved from 23.67% to 19.50% as the share count grew to 1,560,709,287. It received 7,201,993 shares on conversion of a loan for A$302,483.69. The percentage fall comes from dilution, not selling.
7 Mar 2013half year report● Neutral
Half-year report to 31 December 2012 recaps events already announced: the MS7 and Shiyela resource upgrades, the scoping study (US$367m capex) and the ML176 licence. Financial statements are not visible in the text provided, so no financial figures are given here.
20 Feb 2013drilling result▲ Good
Chemical assays confirm the Ongolo intercepts already used in the 4 February resource (25.1 Mlb), including 9 m at 3,158 ppm and 12 m at 2,214 ppm. Drilling has moved to Ongolo South while new targets are reviewed.
6 Feb 2013admin correction● Neutral
Re-release of the 5 February Shiyela ML176 announcement, with a competent person compliance statement added. Same licence, same 115.1 Mt at 19.5% Fe resource; no new information.
5 Feb 2013regulatory community update▲ GoodMajor
Namibia's mines ministry has issued Mining Licence ML176 for the Shiyela Iron Project (54.02 km², 95% DYL), resolving the 'imminent' licence thread. Resource stays 115.1 Mt at 19.5% Fe; the company will now seek a development partner.
4 Feb 2013resource reserve update▲ GoodMajor
Ongolo resource rises 39% (7.1 Mlb) to 29.6 Mt at 384 ppm for 25.1 Mlb U3O8, with 58% Measured and Indicated and a slightly lower grade. Omahola total now 45.1 Mlb, closer to the 50 Mlb target. Delivers the February upgrade.
4 Feb 2013investor presentation● Neutral
February 2013 Indaba presentation by the Managing Director restates the Omahola focus, Namibian non-core joint ventures and Australian divestment. Lists 1,553.5m shares, about A$7m net cash, and a 2016 production target. Repeats known facts; no new results.
29 Jan 2013other● Neutral
Link to a radio interview with the Managing Director about the Epangelo Heads of Agreement. No new information in the announcement itself.
25 Jan 2013security holder rights change● Neutral
Company sets up a sale facility for holders of unmarketable parcels (7,352 shares or fewer). About 2,347 of roughly 7,840 holders are affected, holding about 0.58% of shares. Administrative; aims to cut registry costs.
25 Jan 2013director officer appointment▲ Good
Peter Christians, a Namibian mining engineer formerly of Uranium One, Rio Tinto and Bannerman, is appointed Namibia Country Manager. He succeeds Dr Leon Pretorius, who resigned in April 2012, filling the open replacement thread.
22 Jan 2013farm in farm out agreement▲ GoodMajor
Heads of Agreement with Namibian state-owned Epangelo on the Aussinanis uranium project (18.1 Mlb). Epangelo takes 5% by funding testwork, and can earn up to 70% by funding feasibility studies, leaving DYL's subsidiary 20%. This partially offloads the Aussinanis asset.
14 Jan 2013other● Neutral
Link to a radio interview with the Managing Director about the Ongolo drilling update. No new information in the announcement itself.
10 Jan 2013drilling result▲ Good
More Ongolo assays confirm high grades, including 9 m at 3,158 ppm and a deep 12 m at 2,214 ppm U3O8. 90 of about 120 holes are drilled; drilling has restarted and a resource upgrade is expected early February, as flagged in November.
2 Jan 2013director officer appointment▲ Good
Tim Netscher, 62, Managing Director and CEO of Gindalbie Metals and ex-Newmont and Vale Australia executive, joins the board as an independent Non-Executive Director. The chairman says this supports the transition from explorer to developer. He holds no shares.
31 Dec 2012security holder rights change● NeutralMajor
129,333,333 new shares issued at 11.52c to complete the Earnout Termination approved at the AGM, escrowed in tranches to June 2013, 2014 and 2015. Issued share count rises to 1,424,173,961 per the notice's quoted-share line. This settles the pending RPL earn-out thread.
21 Dec 2012other▲ GoodMajor
Scoping study for Shiyela finds a 2 Mtpa concentrate mine would cost about US$367m to build (±30%), with operating costs of about US$63 per tonne FOB. Company says this lets it pursue its partner strategy; no funding or partner is announced.
18 Dec 2012resource reserve update▲ GoodMajor
Shiyela iron resource increased 36.4 Mt (46%) to 115.1 Mt at 19.5% Fe, with M62 magnetite and M63 mixed deposits now partly Indicated. Updates the earlier 78.7 Mt at 18.88% Fe estimate.
5 Dec 2012regulatory community update▲ GoodMajor
Namibia's Ministry of Mines has issued a Notice of Preparedness to Grant a Mining Licence (ML176) for the Shiyela Iron Project (95% DYL). Licence is expected once the company accepts standard terms, which it intends to do. Shiyela is the iron asset DYL has been trying to divest.
29 Nov 2012drilling result▲ Good
Ongolo infill assays confirm high-grade intercepts, including 19 m at 808 ppm and 8 m at 1,280 ppm U3O8, open at depth in the south-west. 73 of about 120 planned holes are drilled; resource upgrade expected February 2013.
20 Nov 2012resource reserve update▲ GoodMajor
MS7 resource upgraded 18% to 6.8 Mt at 442 ppm for 6.6 Mlb U3O8, with 65% now Measured. This delivers the October-expected upgrade and lifts the Omahola resource base to 38 Mlb, up from 37.0 Mlb.
