20 Dec 2010admin correction● Neutral
Re-release of the same audio broadcast notice with a corrected event link number. No new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Dec 2010other● Neutral
Publication of the company's Security Trading Policy, adopted by the board on 17 November 2010. It bars insider trading and sets closed periods around quarterly reports. Administrative; no new business information.
16 Dec 2010price query● Neutral
ASX queried a share price rise from 27c on 9 Dec to 32.5c on 16 Dec with higher volumes. Deep Yellow said it knows of no unannounced information and has no explanation for the move.
15 Dec 2010drilling result● Neutral
Krucible reports on Pilgrim JV (Krucible 80%, Deep Yellow 20%) diamond drilling: widespread alteration but no economic zones, with up to 5% copper over 0.1 m and uranium up to 450 ppm. More drilling is planned in 2011 after data review.
13 Dec 2010drilling result▲ GoodMajor
Infill drilling at Tumas Zone 3 found basement uranium below the Tubas-Tumas channel: 47 m at 830 ppm from 29 m in ORXR1. Scissor holes suggest it may be limited in extent. Red Sand hit 8 m at 516 ppm, about 20 km east of Tubas Red Sand. Diamond drilling is planned for 2011.
13 Dec 2010resource reserve update▲ GoodMajor
Re-assaying earlier Ongolo Alaskite samples by a different lab method (fusion-XRF) lifts the weighted average grade about 30%, from 453 to 587 ppm U3O8. Drilling continues toward a first resource estimate expected in Q1 2011.
24 Nov 2010director officer appointment● Neutral
Non-executive director Tony McDonald will resign effective 31 December 2010, citing demands from his other business activities; he was recently appointed managing director of Kings Minerals NL. The board drops to five directors.
18 Nov 2010investor presentation● Neutral
AGM presentation by the managing director, largely repeating known facts. Shows net cash A$22.8m at 31 October and market cap about A$304m at 27 cents. Namibian production target remains 2013-14. Text provided is truncated.
17 Nov 2010drilling result▲ GoodMajor
First hole at a new Inca-type target, IT-3, 3 km south of Inca, hit 11 m at 1,064 ppm eU3O8. It is the first of ten such targets in EPL 3496 to be tested, with one RC rig dedicated to the others.
29 Oct 2010resource reserve update▼ BadMajor
Coffey's re-estimate cuts Inca's initial area from 7,429 t (16.4 Mlb) to 6,077 t (13.4 Mlb) at a 250 ppm cut-off, down 18%. This reverses the July upgrade. The eastern extension is excluded pending more drilling; the company stays confident of future increases.
28 Oct 2010resource reserve update▲ GoodMajor
Tumas (Namibia) resource updated to 14.8 Mt at 366 ppm for 5,414 t (11.9 Mlb), up 57% in pounds from 3,447 t, with 97% Indicated. Total company resources now exceed 100 Mlb (49,781 t); a scoping study on Tubas-Tumas is being assessed.
27 Oct 2010investor presentation● Neutral
Mining 2010 Brisbane presentation largely repeating known facts. Shows net cash A$25.0m at 30 September and market cap about A$258m at 23 cents. Namibian production target remains 2013-14.
30 Sept 2010resource reserve update▲ GoodMajor
A review of the 2007 Tubas resource finds a higher-grade subset: 22.8 Mt at 455 ppm for 10,369 t U3O8 (22.9 Mlb) at 200 ppm cut-off, within the existing 17,600 t. No new drilling; a scoping study is being considered.
30 Sept 2010resource reserve update▼ Bad
The promised Inca resource update, due this quarter, is delayed to end October. Coffey Mining's scope was widened to re-estimate the whole deposit, and extra assays are needed for very high-grade zones. The July figure of 7,429 t stands for now.
22 Sept 2010other● Neutral
Notice that an audio broadcast of the managing director's presentation on high-grade Tubas alaskite mineralisation is available online. No new information.
21 Sept 2010investor presentation● Neutral
Sydney mining conference presentation largely repeating known facts. Shows net cash A$27.6m at 31 August and market cap about A$202m at 18 cents. Namibian production target remains 2013-14.
17 Sept 2010annual report● Neutral
2010 annual report restating known facts: Namibian resources 38,916 t U3O8, Australian 4,901 t, target of uranium production in 2013-14 and the Omahola pre-feasibility study under way. Text provided is truncated and shows no new events.
14 Sept 2010drilling result▲ GoodMajor
Alaskite drilling (Namibia) extends high-grade mineralisation to about 2 km strike, with higher grades: 27 m at 513 ppm and 16 m at 655 ppm. Prospect renamed Ongolo Alaskite. Resource drilling on a 100 m grid starts in the December quarter.
9 Sept 2010other● Neutral
Notice that a video of the managing director's 1 September conference presentation is available online. No new information.
3 Sept 2010other▼ Bad
S&P index notice, not a company announcement: Deep Yellow is among companies removed from the S&P/ASX 300 index after the close on 17 September 2010. Index changes carry no opinion on merits, per S&P.
1 Sept 2010investor presentation● Neutral
Africa DownUnder conference presentation largely repeating known facts. Shows net cash A$28.2m at 31 July and market cap about A$191m at 17 cents. Production target in Namibia remains 2013-14.
30 Aug 2010material agreement● Neutral
RBC Capital Markets appointed global lead broker from 26 August 2010. The board says it will support the move from explorer to developer and uranium producer over the next 3-4 years. No fees or capital raising stated.
26 Aug 2010other● Neutral
Notice that an audio interview with the managing director about the alaskite results is available online. No new information.
23 Aug 2010drilling result▲ Good
Four more Tubas alaskite holes (Namibia) hit about 400 ppm, including 29 m at 422 ppm, suggesting a zone at least 300 m across. Builds on the April ALAR13 discovery (89 m at 400 ppm); similar rock type to Rossing mine. No resource yet.
12 Aug 2010drilling result▲ Good
Deep diamond holes at Isa West (Mt Isa) found uranium continuing to about 400 m depth: Thanksgiving 29 m at 383 ppm, Bambino 8 m at 364 ppm. Queens Gift RC hole hit 50 m at 464 ppm. Supports the resource-growth strategy; no new resource yet.
28 July 2010resource reserve update▲ GoodMajor
Inca (Namibia) resource upgraded: 17.1 Mt at 436 ppm for 7,429 t U3O8 (16.4 Mlb), up 17% on April. Indicated doubles to 10 Mlb. Omahola total now 9,646 t (21.3 Mlb). Extension areas are excluded; a further update is due by end-September quarter.
22 July 2010investor presentation● Neutral
Australian Uranium Conference presentation largely repeating known facts. It shows net cash of A$29.5m at 30 June 2010 and market capitalisation about A$202m at 18 cents. Production target in Namibia remains 2013-14.
20 July 2010drilling result▲ Good
Follow-up drilling at the Shiyela magnetite prospect (Namibia) widens the mineralised zone from about 100 m to at least 400 m, still open at depth and along strike. Builds on the 16 June concentrate result; no resource yet.
13 July 2010admin correction● Neutral
Amended re-release of the same Mt Isa drilling announcement, adding a full resource appendix and a full drill-hole listing. The results are the same.
13 July 2010drilling result▲ Good
Start of 2010 Mt Isa drilling gave shallow hits at Miranda (22 m at 647 ppm from surface) and deeper intercepts at Isa West (Eldorado North 25 m at 479 ppm). Miranda is small, about 120 x 75 m. Isa West prospects will move to resource drilling.