28 Sept 2023admin correction● Neutral
Corporate Governance Statement and Appendix 4G for the year to 30 June 2023, adopted by the board on 26 September 2023. Routine compliance filing with no new commercial information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Sept 2023annual report● Neutral
2023 Annual Report with audited financial statements for the year to 30 June 2023 released. Only the cover and overview are visible; no new figures stated here beyond restating the strategy and the Tumas DFS and Vimy merger.
20 Sept 2023security holder rights change● Neutral
89,132 shares issued following exercise of vested staff performance rights. Minor administrative notice.
15 Sept 2023admin correction● Neutral
Administrative notice that the share registry Computershare's Perth office moves to Level 17, 221 St Georges Terrace from 18 September 2023. No substance for shareholders beyond the new address.
13 Sept 2023investor presentation● Neutral
Investor presentation at the Bell Potter Emerging Leaders conference, 12-13 September 2023. Only the disclaimer is visible; no new figures or terms are visible.
11 Sept 2023drilling result▲ Good
Tumas expansion and infill RC drilling finished: 235 holes, 8,017m west of Tumas 3. Best hit 6m at 721ppm eU3O8; 42 holes found mineralisation averaging 222ppm. Supports a 30+ year mine life versus 22.5 now; resource upgrade due late Q4 2023.
4 Sept 2023security holder rights change● Neutral
Administrative notice: 1,091,373 employee performance rights and 462,636 loan shares issued, and 190,858 performance rights lapsed. Routine incentive issues; no cash raised.
14 Aug 2023drilling result● Neutral
Mulga Rock drilling finished: 656 aircore holes, 36,647m, the infill part (423 holes) slightly above the 399 planned. Updated resource including critical minerals is due Q4 2023; revised DFS to start Q2 2024, a slight slip from earlier 'mid-2023'. Assays take about 3 more months.
17 July 2023investor presentation● Neutral
Corporate presentation of 17 July 2023. Only the disclaimer is visible; no new figures or terms are visible.
10 July 2023drilling progress report● Neutral
Mulga Rock aircore program is 70% complete, but was cut from 50,000m to 37,000m (630 holes) because wider spacing met variability goals. Phase 1 done (233 holes); Phase 2 infill 230 of 399 holes. Updated resource now Q4 2023, previously late Q3.
5 July 2023security holder rights change● Neutral
92,593 shares issued after exercise of unlisted options. Minor administrative notice.
3 July 2023resource reserve update▲ GoodMajor
Angularli Inferred resource upgraded 27% to 32.9Mlb at 1.09% U3O8 (1.37Mt, 0.15% cut-off), from 25.9Mlb at 1.29%. Supported by the 18 diamond holes drilled in 2022; delivers the update flagged for mid-Q2 2023, now slightly late.
14 June 2023security holder rights change● Neutral
Administrative notice of 1,437,401 employee performance rights (annual incentive program) and 1,598,270 loan shares under the Loan Share Plan. Routine remuneration; no cash raised.
30 May 2023regulatory community update● Neutral
Deep Yellow responded to a Bloomberg article on Namibia considering stakes in mining companies, saying it is not aware of elevated discussions on government equity. It notes local Namibian partners already hold 5% to 10% of its projects, including Tumas.
18 May 2023director officer appointment▲ Good
Tim Lindley, an investment banker with project finance and M&A experience including Langer Heinrich and Paladin deals, joined as non-executive director on 17 May 2023. He holds no securities. This fills the board seat vacated by Bramwell in January.
9 May 2023investor presentation● Neutral
Investor presentation restating known facts: A$48.5M cash (31 March), no debt, 753.3M shares, about A$410M market cap, Tumas DFS and Mulga Rock reserve and resource figures. Targets production capacity above 7Mlb. No new results.
1 May 2023drilling result▲ Good
Final assays from the 18-hole, 6,339m Angularli diamond program (completed 2022) include 15.5m at 0.70% U3O8 and 6.5m at 1.26% U3O8. Drilling extended the deposit near the 25.9Mlb resource; a revised resource is due mid-Q2 2023.
5 Apr 2023drilling scheduled▲ Good
Two big drill programs began: 340-hole, 9,500m RC at Tumas west of Tumas 3 (aiming for 30+ year life; resource update late Q3 2023) and 810-hole, 50,000m aircore at Mulga Rock. Angularli resource update slipped to mid Q2 2023; Tumas EIA submission due 5 April.
31 Mar 2023drilling result● Neutral
Nova JV phase 3 drilling (14 holes, 1,597m) finished 21 February. Best was 10m at 821ppm eU3O8 at Barking Gecko North, but the deeper thick zone was not confirmed. Barking Gecko East, Iguana and Turtle's Neck showed little, so the prospect looks laterally limited.
31 Mar 2023resource reserve update▲ GoodMajor
Aussinanis resource restated to JORC 2012 at a 100ppm cut-off: 28.1Mlb at 171ppm Indicated and Inferred, up from 18Mlb at 237ppm under the older code. At 150ppm it is 16.5Mlb. The change comes from reclassification and cut-off, not new drilling. Tumas ECC now expected H2 2023.
10 Mar 2023half year report● Neutral
Half-year report to 31 December 2022, the first after the Vimy merger. Only the front section is visible; it restates the strategy and notes the Tumas DFS was completed after period end. Financial figures are not visible in the provided text.
24 Feb 2023security holder rights change● Neutral
Administrative notice of incentive issues: 32,727 shares from vested performance rights, 334,491 performance rights to employees, and 2,326,388 loan shares under the Loan Share Plan. Routine remuneration, no cash raised.
15 Feb 2023regulatory community update▲ Good
The federal environment department approved the Mulga Rock Sandhill Dunnart Conservation Plan, a condition of the project's environmental approval. This allows construction of the operational airstrip and clears one permitting requirement for the project.
2 Feb 2023investor presentation● Neutral
Corporate presentation following the Tumas DFS release, with the DFS as its focus. Only the cover note and disclaimers are visible; no new figures or terms are visible.
2 Feb 2023other● Neutral
Notice of an investor webcast and conference call on 3 February 2023 to discuss the Tumas DFS. Administrative notice with no new information.
2 Feb 2023resource reserve update▲ GoodMajor
Tumas DFS released, as delayed from late 2022: 4.15Mtpa plant, up to 3.6Mlb uranium a year, 22.25-year life, capex US$372M, NPV8 US$341M, IRR 19.2% at US$65/lb. That is below the earlier 2022 update (NPV US$412M, IRR 23%). Final investment decision targeted H1 2024.
31 Jan 2023director officer appointment● Neutral
Non-executive director Wayne Bramwell resigned on 31 January 2023, citing increasing executive responsibilities. He joined the board at the Vimy merger in August 2022. He held no Deep Yellow securities.
20 Jan 2023drilling result● Neutral
A 63-hole, 4,099m aircore program at Mulga Rock East finished 8 December, supplying samples for critical-minerals metallurgical tests starting Q1 2023. A 600-800 hole program is planned for H1 2023; no assay results yet.
6 Jan 2023other● Neutral
Administrative notice of incentive issues: 66,573 shares from vested performance rights, 12,168 rights lapsed, and 247,283 rights granted to Namibian employees.
23 Dec 2022asset acquisition disposition● Neutral
The Mulga Rock royalty termination completed: 19,444,444 shares at A$0.72 issued to Resource Capital Fund VI, worth A$14M. Issued within existing placement capacity, no shareholder vote needed.