Each one in plain English, with the numbers worked through for a shareholder.
22 Dec 2022drilling result▲ Good
Omahola's 10,000m RC program finished: 77 holes for 4,529m, with three new targets identified. Best is stacked alaskites west of MS7, to get deeper drilling in Q1 2023. Resource unchanged at 125.3Mlb; Inca Far South only showed thin mineralisation.
2,306,715 Loan Shares issued to directors under the Share Plan approved at the AGM, as the annual incentive award. Borshoff received 1,428,464 at A$0.7215 each. Routine remuneration.
20 Dec 2022asset acquisition disposition▲ GoodMajor
Deep Yellow agreed to end RCF's 1.15% royalty on Mulga Rock in exchange for A$14M of new shares, about 19.4M at the A$0.72 5-day VWAP. This removes a royalty that would have applied to the critical minerals under study.
Tumas DFS is complete in draft, but release has slipped from end CY22 to February 2023 while the plan is optimised; results remain commercially attractive despite cost inflation. Mulga Rock revised DFS, now covering critical minerals, is due mid-2024.
An 18-hole, 6,339m diamond program at Angularli (Alligator River, NT, from the Vimy merger) finished, with best hit 11.75m at 1.13% eU3O8 including 5.20m at 2.10%. It extended mineralisation; a resource update, now 25.9Mlb at 1.29%, is due Q1 2023.
Omahola Phase Two is under way: 43 holes (2,950m) done, 30 to go. Best shallow hits were 29m at 189ppm and 28m at 190ppm, 2km north of Inca, extending the fertile zone by 2km. Three Ongolo holes confirmed continuity; resource unchanged at 125.3Mlb.
Victoria Jackson joins as Non-Executive Director on 20 October 2022. Executive Director Steven Michael, ex-Vimy, will not seek re-election; he stays executive to 31 December 2022, then consults on Australian stakeholder management from January 2023.
Deep Yellow released its 2022 Annual Report for the year to 30 June 2022. The visible text restates the strategy, the Vimy merger completed 5 August and the Tumas DFS due late CY2022; no new figures are visible here.
Corporate Governance Statement and Appendix 4G for the year to 30 June 2022, adopted by the board on 22 September 2022. Routine compliance filing with no new commercial information.
S&P Dow Jones announced Deep Yellow will be added to the S&P/ASX 300 index from 19 September 2022. It is an index notice, not a company announcement; the text does not state any effect on the company.
The sale agent sold 174,226 Deep Yellow shares, about 0.02% of issued capital, for 651 ineligible Vimy holders at about A$0.7926 each. Proceeds are due around 19 August. This closes a loose end of the merger; administrative.
Updated investor presentation issued after the Vimy merger completed. The text shown contains only the cover note and disclaimers, with no new figures or terms visible.
Deep Yellow completed its merger with Vimy on 5 August 2022, adding Mulga Rock (WA, potential 3.5Mlb a year) and Alligator to Tumas (potential 3Mlb a year). Steven Michael and Wayne Bramwell joined the board; Tumas DFS still due by end CY22.
Vimy confirmed the Scheme was implemented on 4 August 2022: 344,343,348 new Deep Yellow shares issued at 0.294 per Vimy share, trading from 5 August. Vimy is being removed from the ASX and OTCQB; Borshoff and Swaby joined Vimy's board.
Steven Michael (Executive Director, A$420,000 a year, interim contract to 31 Dec 2022), Wayne Bramwell (Non-Executive Director) and Anthony Chamberlain (executive team) joined from Vimy's board from 4 August 2022, following the merger. Michael will lead Vimy integration.
The Vimy Scheme became legally effective on 27 July 2022 once court orders were lodged with ASIC. Vimy holders on the 29 July record date get 0.294 new Deep Yellow shares per Vimy share, issued 4 August; Vimy shares suspended.
The Western Australian Supreme Court approved the Vimy Scheme on 26 July 2022. Vimy expects the Scheme to become effective on 27 July, with implementation on 4 August. Court approval was the last major hurdle after the 20 July vote.
Omahola phase one finished (40 holes, 5,252m). Best result was 8m at 512ppm at Inca South, supporting a possible 2km extension; holes west of MS7 were only 100-150ppm, which the company called disappointing. Resource unchanged at 125.3Mlb.
Vimy shareholders approved the Deep Yellow merger Scheme: 96.57% of those present and voting, and 99.00% of votes cast, in favour. Court approval is due 26 July, with implementation expected 4 August 2022, clearing the main shareholder hurdle.
Deep Yellow issued 176,519 shares after unlisted options were exercised. Administrative share issue notice (Appendix 2A); no price or proceeds given in the text.
Vimy posted the Scheme Booklet to its shareholders on 20 June 2022. Vote still set for 20 July, with the independent expert's fair-and-reasonable conclusion and unanimous board support repeated. Procedural step; no new terms.
HyIron will use its final option, extending its exclusivity over the Shiyela iron ore sale by six months to no later than March 2023, paying a further US$50,000. It already paid US$100,000. Sale of Shiyela (from October 2021 option) remains undecided.
ASIC registered the Vimy Scheme Booklet, due to be posted 20 June. It includes Deloitte's finding that the Deep Yellow merger is fair and reasonable. Vimy holders vote 20 July 2022. Follows the 15 June court hearing; no new terms.
Court ordered the Vimy shareholder meeting and approved the Scheme Booklet. The independent expert found the merger fair and reasonable. Vote expected 20 July 2022, with implementation targeted for 4 August 2022.
Non-executive director Justin Reid resigned effective 3 May 2022. The text gives no reason beyond thanking him for his contribution. He held unlisted nil-cost options per the final interest notice.
Barking Gecko North Phase 2: 10 RC holes (2,272m) all hit mineralisation above 100ppm, but did not repeat the thick, high grades of diamond hole TN270DDT. Mineralised zone appears limited to about 300m x 200m, though depth potential remains open.
ASX lifted the suspension on Deep Yellow shares from the start of trading on 31 March 2022, after the merger announcement was released. Administrative notice only.
Vimy's release of the same merger announcement: Deep Yellow to acquire 100% of Vimy at 0.294 DYL shares per Vimy share, unanimously recommended by Vimy's board. Duplicate of the DYL announcement.
Investor presentation for the proposed Vimy merger. Visible text is the title page and disclaimers; the deal terms are covered in the main merger announcement.