27 Sept 2024other● Neutral
Corporate Governance Statement and Appendix 4G for the year ended 30 June 2024. Standard annual governance disclosure with no new business information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Sept 2024security holder rights change● Neutral
157,330 shares issued on exercise of vested employee performance rights. Routine administrative notice.
20 Sept 2024security holder rights change● Neutral
107,182 shares issued on exercise of vested employee performance rights. Routine administrative notice.
17 Sept 2024agm notice● Neutral
Annual General Meeting proposed for 15 November 2024; notice due by 14 October. Director nominations close 27 September. Administrative notice.
13 Sept 2024security holder rights change● Neutral
904,115 performance rights issued under the Awards Plan. Routine administrative notice.
11 Sept 2024resource reserve update▲ GoodMajor
Tumas 3 Measured resource upgraded to 22.5Mlb at 300ppm, meeting the infill drilling target. Tumas 1, 2 and 3 Measured is 38.5Mlb, and total Measured and Indicated for Tumas is 102.1Mlb. The Ore Reserve will now be revised, with the company expecting a life of mine beyond 35 years.
9 Aug 2024security holder rights change● Neutral
23,848 shares issued on conversion of vested employee performance rights. Routine administrative notice.
2 Aug 2024security holder rights change● Neutral
93,690 shares issued on conversion of vested performance rights, and 120,000 new performance rights issued to employees. Routine administrative notice.
29 July 2024quarterly activities report● Neutral
Appendix 5B for the June 2024 quarter: operating outflow A$37k, investing outflow A$4.1M, financing inflow A$106.0M. Cash ended at A$257.504M with no debt facilities. Related-party payments were A$622k.
29 July 2024quarterly activities report▲ Good
June quarter: cash rose to A$257.5M after the placement. Tumas 3 upgrade drilling finished (660 RC holes) with an updated resource due early Q3. Ausenco is engaged in two phases with ore commissioning set for August 2026. Mulga Rock metallurgical work runs to end Q2 CY2025.
25 July 2024security holder rights change● Neutral
57,471 shares issued on exercise of unlisted options expiring 1 July 2025. Routine administrative notice.
23 July 2024director officer appointment● NeutralMajor
Craig Barnes appointed CFO from 1 August 2024, replacing Mark Pitts, who has resigned. Barnes was previously CFO of Galena Mining and of Paladin Energy for more than five years, with Namibian uranium experience.
18 July 2024security holder rights change● Neutral
47,750 shares issued on conversion of vested employee performance rights. Routine administrative notice.
17 July 2024investor presentation● Neutral
Corporate presentation by John Borshoff at the Noosa Mining Investor Conference, 17-19 July 2024. The visible text is only the title and disclaimers, with no new information shown.
11 July 2024security holder rights change● Neutral
40,336 shares issued on conversion of vested employee performance rights. Routine administrative notice.
2 July 2024debt financing▲ GoodMajor
Nedbank appointed Mandated Lead Arranger and Sole Bookrunner for Tumas project financing, with no amount stated. FID is now targeted for Q4 CY2024 (previously late Q3) and start-up Q3 2026. Offtake commitments will be needed; binding agreements are not yet signed.
11 June 2024other▲ Good
Deep Yellow confirms it joined the S&P/ASX 200 before the open on 11 June 2024, as flagged on 31 May. Confirmation of an index change only, with no new business information.
4 June 2024contract award▲ GoodMajor
Ausenco selected as preferred contractor for Tumas detailed engineering and EPCM; it worked on the February 2023 DFS and December 2023 Re-Costing. Tendered price is in line with the US$360M capex estimate. Contracts are still to be finalised; EPCM contract follows FID.
31 May 2024other▲ Good
S&P Dow Jones Indices says Deep Yellow will join the S&P/ASX 200 before the open on 11 June 2024, replacing Silver Lake Resources. This is an index provider notice, not a company announcement.
21 May 2024director officer appointment● Neutral
Susan Park appointed Company Secretary after Mark Pitts resigned from that role. Pitts remains available on a consulting basis and as Chief Financial Officer.
2 May 2024other● Neutral
Director interest notices after Tranche 2 show directors buying at A$1.225, for example Salisbury 40,816 shares and Meyerowitz 81,632 shares. Routine disclosure.
2 May 2024capital raising announcement▲ GoodMajor
Tranche 2 of the placement was completed after shareholder approval on 30 April 2024, raising about A$79.5M at A$1.225 a share. It issued 64,885,502 shares in total: 64,738,565 to institutional investors and 146,937 to directors.
18 Apr 2024director officer appointment● Neutral
Director interest notices show directors bought shares in the Share Purchase Plan at A$1.225 on 15 April 2024, for example Borshoff 17,125 shares and Swaby 34,250 shares. Routine disclosure.
17 Apr 2024quarterly activities report● Neutral
Appendix 5B for the March 2024 quarter: operating outflow A$1.12M, investing outflow A$2.01M, financing inflow A$134.2M. Cash ended at A$155.614M with no debt facilities. Related-party payments totalled A$571k.
17 Apr 2024quarterly activities report▲ Good
March quarter: cash rose to A$155.614M from A$25.248M after the A$250M raising. Tumas 3 upgrade drilling was about 30% done (189 RC holes), due to finish by June; engineering tender continues, with production targeted for late 2026 and the Mulga Rock revised DFS starting Q2.
15 Apr 2024capital raising announcement▲ Good
Share Purchase Plan results: 24,489,505 shares issued at A$1.225 to raise A$30M, with applicants getting about 70% of what they applied for. A$15.1M of excess money is to be refunded.
What it means for a shareholder
24.5m new shares at A$1.23 to raise about A$30.0m. 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.
11 Apr 2024capital raising announcement▲ Good
Share Purchase Plan closed oversubscribed, with applications for about A$45M against the A$30M target, so applications will be scaled back pro-rata. Resolution 3 (approval to place up to A$15M of any shortfall) is withdrawn from the 30 April meeting.
28 Mar 2024security holder rights change● Neutral
3,812 shares issued on conversion of vested employee performance rights. Minor administrative notice.
26 Mar 2024agm notice● Neutral
Notice of General Meeting for 30 April 2024 in West Perth. This is the meeting needed to approve Tranche 2 of the placement; the visible text does not list the resolutions.
20 Mar 2024security holder rights change● Neutral
396,959 shares issued on conversion of vested employee performance rights, and 300,000 new performance rights issued; 37,900 rights lapsed. Routine administrative notice.