Each one in plain English, with the numbers worked through for a shareholder.
26 June 2007drilling spud▲ Good
RAB drilling began 25 June on the Western Gawler palaeochannels in South Australia, after airborne electromagnetic data confirmed the channels. At least 12,000 m of RAB/aircore drilling is planned, with native title clearance received in early June.
15 June 2007regulatory community update▲ GoodMajor
Namibia granted EPL 3498 (Aussinanis, 250 km2) for 3 years, lifting Namibian holdings to 2,872 km2. Elf-Aquitaine took it to feasibility stage in 1974-82. Environmental approvals are still needed before work; entitlement funds are to expand drilling.
15 June 2007joint venture update● Neutral
Toro's update says Napperby option paperwork is nearly done: royalty novation signed with Deep Yellow and Paladin, Central Land Council deed awaiting approval, and NT Minister approval pending, all expected by early July. Toro plans resource drilling from August.
12 June 2007capital raising announcement● NeutralMajor
Prospectus lodged for a 1-for-12 non-renounceable entitlement issue of up to 84,902,074 shares at 50 cents, raising up to $42.45m. Closes 20 July 2007. Not underwritten; minimum subscription $20m, per the accompanying letter.
What it means for a shareholder
84.9m new shares at $0.500 to raise about $42.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
12 June 2007admin correction● Neutral
Correction to the shareholder letter fixing the entitlement issue record date at 21 June 2007. Letter confirms 1-for-12 at 50c, up to $42.45m, $20m minimum, closing 20 July, foreign shareholders excluded and no underwriting.
1 June 2007admin correction▼ Bad
Melbourne presentation re-released with historic (non-JORC) tonnage and grade estimates removed at ASX's request under listing rule 5.6. Deep Yellow will not report such estimates without an ASX waiver or a JORC resource. Affects how Namibian historic figures can be quoted.
25 May 2007investor presentation● Neutral
Melbourne brokers presentation largely repeating known projects and figures. Updated points: about $28m cash, entitlement issue of up to $42M, 1,018,824,884 shares, and the three-year exploration budget now stated as $40M (was $20M in May).
22 May 2007asset acquisition disposition▲ GoodMajor
Deep Yellow agreed terms to sell 70% of four non-core WA and SA uranium properties, including a 70% share of the Siccus JV, to Uranio for A$2m cash plus 9.8% of Uranio at its listing. Subject to formal agreement within a month and ASX listing by 23 Nov 2007.
22 May 2007drilling result▲ GoodMajor
Mapping at Mt Isa's Queens Gift prospect found rock samples up to 2.86% U3O8 over a 1,200 m zone, up from the earlier 3,530 ppm. RC drilling is expected in June. A major rights issue was flagged for funding wider exploration.
22 May 2007investor presentation● Neutral
Dr Pretorius recorded an audio broadcast covering the roughly $40M entitlement issue, Mt Isa and Namibia exploration, and the sale of non-core assets to Uranio. The notice itself carries no new information.
7 May 2007farm in farm out agreement▲ Good
Toro's copy of the joint release announcing the signed Napperby Option Agreement. Terms are the same as in Deep Yellow's release: 3,066,667 Toro shares and a three-year option to buy 100%.
7 May 2007farm in farm out agreement▲ GoodMajor
Deep Yellow and Toro sign a binding Napperby Option Agreement, firming up the February terms. Toro gets three years and 3,066,667 Toro shares, and can buy 100% priced on JORC resource (13.2Mlb assumed if unconverted) against 8% of spot, collared at A$4.50/lb and capped at A$6/lb.
7 May 2007investor presentation● Neutral
Sydney presentation repeating known projects, with updated corporate figures: about $28m cash and receivables, market cap about $650m, and the three-year exploration budget raised to $20m from $15m. Paladin is at about 12%. No new results.
13 Apr 2007investor presentation● Neutral
Martin Kavanagh recorded an audio broadcast on the Namibia update. The notice carries no new information.
12 Apr 2007drilling spud▲ Good
Namibia granted park entry permits, so reverse-circulation drilling at the Reptile licences starts 16 April on the previously outlined resources. Low-level airborne radiometric, electromagnetic and magnetic surveys are also approved. This follows the March environmental clearances.
22 Mar 2007investor presentation● Neutral
Conference presentation by Dr Pretorius restating known facts: about $25m cash, 996.9m shares, Napperby JORC resource of 670t U3O8 and the Toro sale, and a $15m three-year exploration budget. No new announcements.
15 Mar 2007half year report● Neutral
Half-year to December 2006: net loss $2.86m, cash $25.4m, no debt. Exploration spend of $47.7m was mostly the $46.3m Namibian acquisition, largely paid in shares ($43.4m). Net assets rose to $82.7m from $23.8m.
7 Mar 2007regulatory community update▲ Good
Two more Northern Territory licence applications (1,017 km2) were accepted, taking Deep Yellow's Tanami-Arunta exposure to 52,046 km2. It also joined a bid for the Angela-Pamela deposits. Exploration is planned for March/April, and the Napperby sale to Toro frees focus.
7 Mar 2007investor presentation● Neutral
Martin Kavanagh recorded an audio broadcast on the Northern Territory and Namibia updates. The notice itself carries no new information.
6 Mar 2007regulatory community update▲ GoodMajor
Namibia's environment ministry granted clearances for exploration on all three Reptile licences, so physical work on the historic 68.5Mt, 18,016t U3O8 resources can start. A drill contractor is appointed, drilling is expected from April, and airborne electromagnetic surveys are due by late June.
28 Feb 2007farm in farm out completion● NeutralMajor
Deep Yellow issues the 21.5 million shares to Matrix, completing the first stage of the 51% earn-in of the NW Queensland JV, as announced on 14 February. The notice says the choice followed the Miranda assay results. A further $2.6m of spending is still owed.
28 Feb 2007farm in farm out completion● Neutral
Matrix confirms it received 21,459,541 Deep Yellow shares and repeats the earn-in terms: $2.6m more spend by 28 February 2009, then a $3m option for another 29%. It adds that Miranda follow-up drilling and White Range work follow the wet season. Mostly repeats ref 1.
16 Feb 2007investor presentation● Neutral
Martin Kavanagh recorded an audio broadcast on the Toro Napperby deal, the Mt Isa project and Namibia's Reptile project. No new information in the notice.
15 Feb 2007farm in farm out agreement● Neutral
Toro Energy's own release on the Napperby deal: $2.3m in Toro shares to Deep Yellow, $750,000 a year minimum spend for three years, and an option to buy 100%. A final agreement is still to be completed. It repeats Deep Yellow's terms.
15 Feb 2007farm in farm out agreement▲ GoodMajor
Deep Yellow agrees terms to farm Napperby out to Toro Energy, which would pay $2.3m in Toro shares upfront, spend $750,000 a year for 3 years, and can buy 100% for roughly A$4.50-6.00/lb of agreed resource. The deal reverses the plan to drill Napperby further itself and is subject to due diligence and a binding agreement.
14 Feb 2007farm in farm out agreement▲ Good
Matrix confirms Deep Yellow will proceed with the 51% earn-in, with 21,459,541 shares to be issued by 28 Feb 2007 and $2.6m more to be spent by Feb 2009. It repeats Deep Yellow's announcement.
14 Feb 2007farm in farm out agreement▲ GoodMajor
Deep Yellow will take up its 51% interest in the Matrix NW Queensland JV, issuing 21,459,541 shares by 28 Feb and spending a further $2.6m by Feb 2009. It can then pay $3m for another 29%. The decision was partly driven by the Miranda results.
12 Feb 2007drilling result▲ GoodMajor
Miranda drilling hit 12 m at 960 ppm U3O8 and 3 m at 730 ppm, a broad iron-oxide-linked zone. Lochness was disappointing, with values only to 68 ppm. This resolves the pending Mt Isa assays: Miranda is the follow-up target, Lochness needs mapping first.
12 Feb 2007drilling result▲ Good
Joint venture partner Matrix Metals repeats Deep Yellow's Miranda and Lochness drill results and says they support uranium potential on its tenements. It restates the earn-in terms. No new results.
5 Feb 2007asset acquisition disposition▲ GoodMajor
Completes the Superior Uranium purchase, issuing 20 million shares (valued at 47.5c in the filing) to Superior Resources. Deep Yellow now holds the Queensland permits and 100% of Durong. Shares on issue rise to 975,433,692.
