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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
30 July 2010quarterly activities report● Neutral
June quarter report recapping the Inca resource upgrade, Aussinanis resource, Tubas alaskite discovery, Shiyela magnetite and Mt Isa results. Cash is A$29.5m. The Omahola pre-feasibility study is due in the December quarter. Little new information.
30 July 2010quarterly activities report● Neutral
June quarter cash flow report: cash fell to A$29.6m from A$33.8m, with no debt. Spending next quarter is estimated at A$5.5m, mostly exploration. No share issues; one Queensland tenement (EPM14916) partly relinquished.
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.
12 July 2010other● Neutral
Notice that a video of the managing director's 29-30 June investor presentation is available online. No new information.
29 June 2010joint venture update▼ Bad
Partner Krucible reports Pilgrim drilling (37 holes, 3,339 m) found no high-grade copper; best was 11 m at 0.21% copper. Krucible has now reached 80% of the JV. An induced polarisation survey is planned. Mostly Krucible's own news (Korella phosphate lease).
29 June 2010investor presentation● Neutral
Roadshow presentation repeating known facts, including a target to produce uranium in Namibia in 2013-14. Market capitalisation is shown as about A$174m at 15.5 cents (16 June). Net cash is A$33.8m as at 31 March. No new results.
16 June 2010drilling result▲ Good
Testing of 2008 core from Tubas (Namibia) shows a high-grade magnetite concentrate of about 70% iron, low silica and uranium under 10 ppm. Recovery is about 16% against a preferred 20-25%. Follow-up drilling is under way; a new, non-uranium thread.
26 May 2010resource reserve update▲ GoodMajor
First resource for Aussinanis (Namibia): 35 Mt at 237 ppm for 8,203 t U3O8 (18.1 Mlb), a very large, low-grade deposit. Group resources rise to 42,744 t. A conceptual study is being considered. Inca and Tubas-Oryx updates are due in the September quarter.
20 May 2010drilling result▲ GoodMajor
Drilling at Inca (Namibia) has widened the main mineralised area to about 1,500 x 500 m, versus 500 x 500 m in the 22 April resource. Best result is 11 m at 2,907 ppm. An expanded resource is due in the September quarter.
17 May 2010drilling spud● Neutral
Partner Krucible has started drilling at Pilgrim (Mt Isa), a 2,000-3,000 m first-pass programme to about 70 m depth, with results expected within six weeks. Krucible is operator and can earn 80% from Deep Yellow for $400,000. Continues the mid-May plan.
13 May 2010regulatory community update▲ Good
DYL says, on its understanding, the proposed Australian Resources Super Profits Tax should not apply to its Namibian projects, as it is intended only for resources mined in Australia. Resource updates for Omahola and Tumas are expected in the September quarter.
10 May 2010investor presentation● Neutral
Australian Uranium Summit presentation repeating known facts: about A$34m cash, group JORC resources 34,541 t U3O8, pre-feasibility study due Q3 2010 for about 1,000 tpa at Omahola. Market capitalisation is given as about A$230m at 20 cents. No new results.
4 May 2010asset acquisition disposition▼ BadMajor
Toro Energy told DYL it will not exercise its option to buy Napperby (NT), which would have cost about A$57m. Toro said the project's economics do not justify it, and DYL rejected an alternative Toro proposal. Control reverts to DYL.
4 May 2010asset acquisition disposition▼ BadMajor
DYL confirms Toro's Napperby option lapses 4 May 2010, so the project returns fully to DYL. DYL will evaluate the best-value option, possibly packaging it with other NT tenements. The 3,351 t Inferred resource covers about half the historic mineralised area.
3 May 2010admin correction● Neutral
Cover letter explaining the typo fix in the quarterly report highlights (400 ppm, not 710 ppm) and noting the full report has been re-released. No substance beyond the correction.
3 May 2010admin correction● Neutral
Re-release of the March quarterly report correcting a typo in the highlights: the ALAR13 interval is 89 m at 400 ppm, not 710 ppm. No other change.