Each one in plain English, with the numbers worked through for a shareholder.
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.
29 Apr 2013quarterly activities report● Neutral
March quarter cash flow report shows cash of A$5.449m at 31 March, down from A$7.173m, after A$2.073m operating outflow. Next quarter's planned spend is A$1.75m. EPM18127 was relinquished. No debt facilities.
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.
31 Jan 2013quarterly activities report● Neutral
Appendix 5B shows quarter cash of A$7.173m after the A$6.5m Laurium placement, with operating outflow of A$2.7m. Next quarter's planned spend is A$2.1m. No debt facilities.
30 Jan 2013quarterly activities report● Neutral
December quarter report recaps the MS7 upgrade, Ongolo assays, Tubas Sand drilling and the Shiyela resource and scoping study. Cash ended at A$7.2m. Shiyela mining licence issue is described as imminent; nothing materially new beyond earlier announcements.
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.
13 Nov 2012other● Neutral
Link to an audio broadcast of the Managing Director's AGM presentation. No new information in the announcement itself.
8 Nov 2012other● Neutral
Link to a radio interview with the Managing Director about the quarterly activities report. No new information in the announcement itself.
8 Nov 2012investor presentation● Neutral
AGM presentation by the Managing Director, largely repeating known facts. Shows net cash about A$9.8m and market cap about A$104m at 7.3c, and adds a Shiyela iron section. Nothing new in the extract provided.
